VLS LOGISTIC
ActiveSummary
The computed 12-month bankruptcy probability of VLS LOGISTIC is 3.3% (moderate). The 2026 annual accounts show equity of €149,369 and a net result of €15,473. Equity is growing by ~26.6% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability78▼-6
Solvency98▲+15
Growth71=
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 3.68 against 2.33 in 2025; short-term debt: 26.1% and cash: 16.8% of total assets), and 27% of the assets are financed with debt.
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Signals
Four 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 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← 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 2026Solvency, return and age of the figures
Solvency
73%
Return on assets
7.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 03-07-2026, 59 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2026
59 d early
2025
31 d early
2024
64 d early
2023
48 d early
2022
5 d early
2021
18 d early
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 12 days after the deadline, and 56% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. Usually files around 14 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Turnover
€253,740▲ 1.3%
2022 · €250,558
EBIT margin
8.6%▼ 2.9pp
2022 · 11.6%
Net result
€15,473▼ 45.9%
2025 · €28,608
Working capital
€142,792▲ 29.9%
2025 · €109,947
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Turnover€250,558▲ 27.0%€253,740▲ 1.3%
Operating result€28,958▲ 69.8%€21,887▼ 24.4%€29,404▲ 34.3%€37,006▲ 25.9%€17,085▼ 53.8%
Net result€23,107above the sector's middle half▲ 63.6%€18,510above the sector's middle half▼ 19.9%€20,965within the sector's middle half▲ 13.3%€28,608above the sector's middle half▲ 36.5%€15,473▼ 45.9%
EBIT margin11.6%▲ 2.9pp8.6%▼ 2.9pp
Equity€65,812within the sector's middle half▲ 54.1%€84,323above the sector's middle half▲ 28.1%€105,288above the sector's middle half▲ 24.9%€133,896above the sector's middle half▲ 27.2%€149,369▲ 11.6%
Total assets€99,435within the sector's middle half▲ 19.1%€138,977within the sector's middle half▲ 39.8%€186,662within the sector's middle half▲ 34.3%€229,640within the sector's middle half▲ 23.0%€204,710▼ 10.9%
Debt€33,623▼ 17.5%€54,655▲ 62.6%€81,374▲ 48.9%€95,744▲ 17.7%€55,341▼ 42.2%
Working capital€61,413above the sector's middle half▲ 58.0%€72,299above the sector's middle half▲ 17.7%€77,453above the sector's middle half▲ 7.1%€109,947above the sector's middle half▲ 42.0%€142,792▲ 29.9%
Solvency66.2%above the sector's middle half▲ 15.0pp60.7%above the sector's middle half▼ 5.5pp56.4%within the sector's middle half▼ 4.3pp58.3%within the sector's middle half▲ 1.9pp73.0%▲ 14.7pp
Current ratio3.39above the sector's middle half▲ 0.852.70above the sector's middle half▼ 0.692.45above the sector's middle half▼ 0.252.33within the sector's middle half▼ 0.123.68▲ 1.34
Return on assets (ROA)23.2%above the sector's middle half▲ 6.3pp13.3%within the sector's middle half▼ 9.9pp11.2%within the sector's middle half▼ 2.1pp12.5%within the sector's middle half▲ 1.2pp7.6%▼ 4.9pp
Staff (FTE)1.8▲ 80.0%1.7▼ 5.6%3▲ 76.5%4.2▲ 40.0%4.8▲ 14.3%
above
within
below
the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 54% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €204,710
Fixed assets
€8,538 ▼ 77.1%
Current assets
€196,172 ▲ 2.0%
Equity and liabilities €204,710
Equity
€149,369 ▲ 11.6%
Debt
€55,341 ▼ 42.2%
Debt's share of the balance-sheet total falls from 41.7% to 27.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,217▼
2025 · €66,651
Cash flow
€23,605▼
2025 · €58,253
Debt to equity
0.37▼
2025 · 0.72
ROE
10.4%▼
2025 · 21.4%
Interest coverage
9.87▼
2025 · 18.70
Debt ≤ 1 year
€53,380▼
2025 · €82,422
Debt > 1 year
€1,961▼
2025 · €13,321
Income taxes
€6,220▼
2025 · €11,553
Staff costs
€205,136▲
2025 · €187,537
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €250,558 | €253,740 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €9,584 | - |
| Goods, raw materials, services and sundry goods60/61 | €172,979 | €165,551 | - | - | - | - |
| Remuneration, social security and pensions62 | €38,920 | €56,345 | €113,935 | €187,537 | €205,136 | ▲ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,718 | €8,158 | €30,775 | €29,645 | €8,132 | ▼ 72.6% |
| Other operating charges640/8 | €984 | €1,798 | €10,804 | €10,588 | €4,784 | ▼ 54.8% |
| Gross operating margin9900 | €77,579 | €88,188 | €184,918 | €264,776 | €235,136 | ▼ 11.2% |
| Operating profit (loss)9901 | €28,958 | €21,887 | €29,404 | €37,006 | €17,085 | ▼ 53.8% |
| Financial income75/76B | €2,706 | €4,534 | €4,540 | €6,719 | €7,162 | ▲ 6.6% |
| Recurring financial income75 | €2,706 | €4,534 | €4,540 | €6,719 | €7,162 | ▲ 6.6% |
| Financial charges65/66B | €2,135 | €2,172 | €3,874 | €3,564 | €2,555 | ▼ 28.3% |
| Recurring financial charges65 | €2,135 | €2,172 | €3,874 | €3,564 | €2,555 | ▼ 28.3% |
| Profit (loss) for the period before taxes9903 | €29,529 | €24,250 | €30,070 | €40,161 | €21,692 | ▼ 46.0% |
| Income taxes67/77 | €6,422 | €5,740 | €9,105 | €11,553 | €6,220 | ▼ 46.2% |
| Profit (loss) for the period9904 | €23,107 | €18,510 | €20,965 | €28,608 | €15,473 | ▼ 45.9% |
| Profit (loss) for the period to be appropriated9905 | €23,107 | €18,510 | €20,965 | €28,608 | €15,473 | ▼ 45.9% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,435 | €138,977 | €186,662 | €229,640 | €204,710 | ▼ 10.9% |
| Fixed assets21/28 | €12,319 | €24,128 | €55,913 | €37,270 | €8,538 | ▼ 77.1% |
| Tangible fixed assets22/27 | €12,119 | €23,928 | €55,713 | €37,070 | €8,338 | ▼ 77.5% |
| Plant, machinery and equipment23 | €318 | €194 | €71 | - | - | - |
| Furniture and vehicles24 | €11,801 | €23,734 | €55,642 | €37,070 | €8,338 | ▼ 77.5% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €87,116 | €114,850 | €130,749 | €192,370 | €196,172 | ▲ 2.0% |
| Amounts receivable within one year40/41 | €64,362 | €86,309 | €105,423 | €129,878 | €158,953 | ▲ 22.4% |
| Trade receivables40 | €10,013 | €6,410 | €9,026 | - | €18,505 | - |
| Other amounts receivable41 | €54,348 | €79,899 | €96,397 | €129,878 | €140,448 | ▲ 8.1% |
| Cash at bank and in hand54/58 | €22,754 | €28,286 | €24,994 | €57,701 | €34,406 | ▼ 40.4% |
| Deferred charges and accrued income490/1 | - | €254 | €332 | €4,790 | €2,813 | ▼ 41.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,435 | €138,977 | €186,662 | €229,640 | €204,710 | ▼ 10.9% |
| Equity10/15 | €65,812 | €84,323 | €105,288 | €133,896 | €149,369 | ▲ 11.6% |
| Contributions10/11 | €6,200 | €6,200 | €8,060 | €8,060 | €8,060 | = |
| Reserves13 | €1,860 | €1,860 | €20,900 | €48,900 | €64,300 | ▲ 31.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €20,900 | €48,900 | €64,300 | ▲ 31.5% |
| Profit (loss) carried forward14 | €57,752 | €76,263 | €76,328 | €76,936 | €77,009 | ▲ 0.1% |
| Amounts payable17/49 | €33,623 | €54,655 | €81,374 | €95,744 | €55,341 | ▼ 42.2% |
| Amounts payable after more than one year17 | €7,920 | €12,104 | €28,078 | €13,321 | €1,961 | ▼ 85.3% |
| Financial debts170/4 | €7,920 | €12,104 | €28,078 | €13,321 | €1,961 | ▼ 85.3% |
| Amounts payable within one year42/48 | €25,703 | €42,550 | €53,296 | €82,422 | €53,380 | ▼ 35.2% |
| Current portion of amounts payable after more than one year42 | €7,633 | €15,665 | €18,098 | €14,757 | €11,360 | ▼ 23.0% |
| Financial debts43 | - | - | - | €2,049 | €2,038 | ▼ 0.5% |
| Credit institutions430/8 | - | - | - | €2,049 | €2,038 | ▼ 0.5% |
| Trade debts44 | €3,748 | €5,798 | €10,361 | €39,011 | €18,435 | ▼ 52.7% |
| Suppliers440/4 | €3,718 | €5,798 | €10,361 | €39,011 | €18,435 | ▼ 52.7% |
| Bills of exchange payable441 | €29 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €14,323 | €21,087 | €24,837 | €26,606 | €21,497 | ▼ 19.2% |
| Taxes450/3 | €12,152 | €14,891 | €17,250 | €13,693 | €9,497 | ▼ 30.6% |
| Remuneration and social security454/9 | €2,170 | €6,196 | €7,588 | €12,913 | €12,001 | ▼ 7.1% |
| Other amounts payable47/48 | - | - | - | - | €50 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,107 | €18,510 | €20,965 | €28,608 | €15,473 | ▼ 45.9% |
| + Depreciation and write-downs630 | €8,718 | €8,158 | €30,775 | €29,645 | €8,132 | ▼ 72.6% |
| Operating cash flow (approximation) | €31,825 | €26,669 | €51,740 | €58,253 | €23,605 | ▼ 59.5% |
| Investment in fixed assets (approximation) | - | -€19,967 | -€62,560 | -€11,002 | €20,599 | ▲ 287% |
| Change in cash | - | €5,532 | -€3,293 | €32,708 | -€23,295 | ▼ 171% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-01
Financial
Highest result since 2019net €28,608 ▲36.5%
Operating result €37,006, net result €28,608, both a record.
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-01
Financial
Equity above €100,000Eq €105,288 ▲24.9%
6 profitable years in a row build equity to €105,288.
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Evere · 1 establishment unit since 2017
Ground area
3,876 m²
Building footprint
1,781 m²
Volume, LiDAR
22,863 m³
2 parcels, Brussels · tallest building 22.1 m, ±7 floors. Linked by address, not a title deed.
122
companies at this address
See who is registered here
1 establishment unit
VLS LOGISTIC
since 20172.266.222.579
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0123/00R000 | Brussels | 3,304 m² | 1 · 1,528 m² | 21.8 m · 5 fl. |
| 21524C0175/00K007 | Brussels | 572 m² | 1 · 252 m² | 22.1 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 428 companies in sector 53100 we hold annual accounts for 127. 90 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-07-2017
Fiscal year end31-01
Activities, NACEBEL 2025
53100Postal and courier activities
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0678748491
Registered
04-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.