VERSTRAETE LOGISTICS
ActiveSummary
VERSTRAETE LOGISTICS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130k and a net result of €1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 4603 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-3
Solvency41▼-21
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.58 against 1.43 in 2024; short-term debt: 36.5% and cash: 9.4% of total assets), and 84% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16%
Return on assets
0.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
25 d late
2024
56 d late
2023
27 d late
2022
31 d late
2021
25 d late
2020
32 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€130k▼ 45.8%
2024 · €240k
2018: €164k
2019: €-99k
2020: €32k
2021: €-10k
2022: €190k
2023: €239k
2024: €240k
2018 → 2025
Total assets
€813k▲ 26.1%
2024 · €645k
2018: €1.59M
2019: €1.40M
2020: €1.30M
2021: €870k
2022: €796k
2023: €703k
2024: €645k
2018 → 2025
Net result
€1k▼ 6.4%
2024 · €1k
2018: €30k
2019: €-301k
2020: €151k
2021: €10k
2022: €200k
2023: €49k
2024: €1k
2018 → 2025
Working capital
€-124k
2024 · €152k
2018: €-142k
2019: €-508k
2020: €-225k
2021: €-310k
2022: €20k
2023: €137k
2024: €152k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-10k-€190k€239k▲ 25.8%€240k▲ 0.6%€130k▼ 45.8%
Operating result€21k-€209k▲ 879%€7k▼ 96.5%€10k▲ 43.0%€18k▲ 69.4%
Net result€10k-€200k▲ 1,986%€49k▼ 75.5%€1k▼ 97.0%€1k▼ 6.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 69% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €813k
Fixed assets
€640k ▲ 349%
Current assets
€173k ▼ 65.6%
Equity and liabilities €813k
Equity
€130k ▼ 45.8%
Debt
€683k ▲ 68.9%
Debt's share of the balance-sheet total rises from 62.7% to 84.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€92k▲
2024 · €55k
Cash flow
€76k▲
2024 · €46k
Current ratio
0.58▼
2024 · 1.43
Quick ratio
0.57▼
2024 · 1.42
Debt to equity
5.24▲
2024 · 1.68
ROE
1.0%▲
2024 · 0.6%
ROA
0.2%▼
2024 · 0.2%
Interest coverage
5.64▼
2024 · 8.15
Debt ≤ 1 year
€297k▼
2024 · €350k
Debt > 1 year
€386k▲
2024 · €54k
Staff costs
€446k▼
2024 · €541k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€645k€813k▲
Fixed assets21/28€143k€640k▲
Intangible fixed assets21€28k€16k▼
Tangible fixed assets22/27€112k€622k▲
Land and buildings22-€478k
Plant, machinery and equipment23€8k€54k▲
Furniture and vehicles24€104k€89k▼
Financial fixed assets28€2k€2k=
Current assets29/58€502k€173k▼
Stocks and contracts in progress3€6k€3k▼
Stocks30/36€6k€3k▼
Amounts receivable within one year40/41€185k€94k▼
Trade receivables40€178k€91k▼
Other amounts receivable41€7k€3k▼
Cash at bank and in hand54/58€309k€76k▼
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€645k€813k▲
Equity10/15€240k€130k▼
Contributions10/11€100k€100k=
Reserves13€139k€29k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€137k€27k▼
Profit (loss) carried forward14€2k€2k▼
Amounts payable17/49€404k€683k▲
Amounts payable after more than one year17€54k€386k▲
Financial debts170/4€54k€386k▲
Amounts payable within one year42/48€350k€297k▼
Current portion of amounts payable after more than one year42€24k€50k▲
Trade debts44€69k€34k▼
Suppliers440/4€69k€34k▼
Taxes, remuneration and social security45€70k€42k▼
Taxes450/3€70k€42k▼
Other amounts payable47/48€187k€170k▼
Accrued charges and deferred income492/3€210-
Income statement
Code20242025
Remuneration, social security and pensions62€541k€446k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€74k▲
Other operating charges640/8€15k€4k▼
Gross operating margin9900€610k€542k▼
Operating profit (loss)9901€10k€18k▲
Financial charges65/66B€7k€16k▲
Recurring financial charges65€7k€16k▲
Profit (loss) for the period before taxes9903€4k€1k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€1k€1k▼
Profit (loss) for the period to be appropriated9905€1k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€3k▲
Profit (loss) brought forward from the previous period14P€291€2k▲
Profit to be distributed694/7-€1k
Directors or managers695-€1k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Equity above €200kEq €239k ▲25.8%
4 profitable years in a row build equity to €239k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €200k ▲1986%
Operating result €209k, net result €200k, both a record.
31-12
Financial
Equity above €150kEq €190k
3 profitable years in a row build equity to €190k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €151k
Net result €151k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-301k ▼1087%
Net result drops to €-301k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Canadezenstraat 508380 BruggeGround area
470 m²
Building footprint
87 m²
Volume, LiDAR
383 m³
Parcel 31016D0601/00K000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VERSTRAETE LOGISTICS
since 20172.264.705.025
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31016D0601/00K000 | Flanders | 470 m² | 1 · 87 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 359 EUR awarded · 359 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 359 EUR | 359 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.264.705.025
Similar companies · same sector, comparable size
EMPIRE TRADING
BE 0732.931.604
Elsene · Eq €130,178
TFC Trading & Transport
BE 0839.411.967
Hoogstraten · Eq €130,192
NMG COMPANY
BE 0758.593.547
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HM Rosa transport
BE 0776.691.767
Sint-Agatha-Berchem · Eq €130,149
MBA TRANS
BE 0799.215.662
Antwerpen · Eq €130,211
Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 6,380 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:hannes@verstraetelogistics.be