Equity
€191,877 from €1.1m in 2018
Equity fell by 82% in 7 years.
V.H. LOGISTICS
Lifetime
9 annual accounts with figures on one time axisGross marginpeak €54,162 (2023)
€32,153▼ 25.4%
Resultlowest -€1.2m (2019)
€20,395▼ 92.1%
Equitypeak €1.1m (2018)
€191,877▼ 5.1%
Debts
€158,052▲ 10.0%
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from €43,091 to €32,153Result from €258,124 to €20,395Board meeting · Registered-office move 08-04Cash from €84 to €308
Key points
from the 2025 annual accountsChecked score
64
Healthy
Financially stronger than 45% of micro companies in land transport (NACE 49)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.9% across 9,101 companies (NACE 49, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 1.9%▼ -0.2 percentage points vs 12-2024
02-2025: 2.0%▲ +0.1 percentage points vs 01-2025
03-2025: 1.9%▼ -0.1 percentage points vs 02-2025
04-2025: 2.0%▲ +0.1 percentage points vs 03-2025
05-2025: 2.1%▲ +0.1 percentage points vs 04-2025
06-2025: 2.0%▼ -0.1 percentage points vs 05-2025
07-2025: 2.1%▲ +0.1 percentage points vs 06-2025
08-2025: 2.6%▲ +0.5 percentage points vs 07-2025
09-2025: 3.0%▲ +0.4 percentage points vs 08-2025highest value
10-2025: 1.6%▼ -1.4 percentage points vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.4%▼ -0.2 percentage points vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.5%▲ +0.1 percentage points vs 03-2026
05-2026: 1.4%▼ -0.1 percentage points vs 04-2026
06-2026: 1.4%● unchanged vs 05-2026lowest value
07-2026: 1.5%▲ +0.1 percentage points vs 06-2026
08-2026: 1.9%▲ +0.4 percentage points vs 07-2026
09-2026: 1.4%▼ -0.5 percentage points vs 08-2026
10-2026: 1.4%● unchanged vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.57, cash €308
Sector: Land transport and transport via pipelines (NACE 49)
Size: total assets €349,929
lowers risk
Equity €191,877 (54.8% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 67% of them on solvency, 25% on liquidity, 56% on profitability and 30% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as V.H. LOGISTICS has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of V.H. LOGISTICS itself is higher: 1.4% within 12 months. It rests on far more data about V.H. LOGISTICS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for V.H. LOGISTICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.57 (1.7 in 2024), above the usual 1.5. Short-term debt is 45.2% and cash 0.1% of total assets. 45.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
27 days late
2024
29 days late
2023
28 days late
2022
28 days late
2021
80 days late
2020
32 days early
2019
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0661978478
Board meeting · Registered-office move
Gazette deed
Incorporation
published on 07-09-2016 · Gazette deed
First establishment
V.H. Logistics BVBA, Dennenlaan 6, Tielt
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| V.H. LOGISTICS Tielt | €349,929 | €32,153 | 54.8% | - |
| Szumski Transport Antwerp | €284,314 | €28,449 | -0.9% | - |
| TRANSPORT LUNION Brussels | €304,646 | €28,370 | 20.9% | - |
| MABOOL Forest | €396,570 | €33,733 | 38.0% | - |
| POLAT TRANS EXPRESS Ghent | €270,348 | €34,638 | 50.7% | - |
| PJM TRANS Ingelmunster | €284,137 | €33,702 | 41.9% | - |
| LD Trafik AM Wervik | €308,586 | €30,542 | -18.0% | - |
These companies have the same main activity as V.H. LOGISTICS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €270,000 and €397,000, founded between 2013 and 2019.
Official details
Source: KBO- Status
- Active since 05-09-2016Normal situation
- Activity
- Freight transport by roadNACE 49410
- Establishment unit
- 2.258.556.4138700 Tielt, since 05-09-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Annual accounts 2025
- Turnover
- ≈ €110,000estimated
- Total assets
- €349,929▲ 1.2%
- Filing
- Filed on 27-08-2026
Insights on V.H. LOGISTICS
V.H. LOGISTICS files the micro format. That format states no turnover. The gross margin rose from €11,321 in 2017 to €32,153 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about V.H. LOGISTICS
- What is the company number of V.H. LOGISTICS?
- The company number of V.H. LOGISTICS is 0661.978.478. The VAT number is the same number with BE in front: BE 0661.978.478.
- Where is V.H. LOGISTICS based?
- The registered office is at Dennenlaan 6, 8700 Tielt.Company details
- What does V.H. LOGISTICS do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of V.H. LOGISTICS?
- V.H. LOGISTICS is a private limited company (pre-2019) (BVBA).
- When was V.H. LOGISTICS founded?
- V.H. LOGISTICS was founded on 05-09-2016.
- Is V.H. LOGISTICS still active?
- Yes, V.H. LOGISTICS is an active enterprise in the KBO register.
- What is the turnover of V.H. LOGISTICS?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €32,153 and 58 comparable companies (NACE 49410). It probably lies between €83,000 and €170,000.Financials
- Is V.H. LOGISTICS profitable?
- In financial year 2025, V.H. LOGISTICS made a profit of €20,395.
- Where can I find the annual accounts of V.H. LOGISTICS?
- V.H. LOGISTICS filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of V.H. LOGISTICS due?
- V.H. LOGISTICS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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