BD LOGISTICS · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BD LOGISTICS is 7.0% (elevated). The 2024 annual accounts show negative equity (€-152k) and a net result of €-99k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 291 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

7.0% Elevated

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 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.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	20-10-2025	81 d late	2025-00547512
31-12-2023	31-07-2024	19-10-2024	80 d late	2024-00512005
31-12-2022	31-07-2023	31-10-2023	92 d late	2023-00499386
31-12-2021	31-07-2022	17-03-2023	229 d late	2023-00041610
31-12-2020	31-07-2021	22-10-2021	83 d late	2021-72800100

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-99k-26.9%

Working capital€-160k-169.6%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 20-10-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~159% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 53 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	-34.9%	29.2%	better than 11% of 291 sector peers
Net result	€-99k	€9k	better than 5% of 290 sector peers
Equity	€-152k	€24k	better than 5% of 291 sector peers
Gross operating margin	€28k	€41k	better than 41% of 285 sector peers
Staff costs	€98k	€76k	higher than 60% of 165 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P11

Weakening position over 2020-2024 · n=71-291

Net result P5

Stable position over 2020-2024 · n=69-290

Equity P5

Weakening position over 2020-2024 · n=71-291

Gross operating margin P41

Weakening position over 2020-2024 · n=65-285

Describes the position versus peers, not a forecast.

EBITDA

€-77k

-10.4% 20-24

Net profit

€-99k

-26.9% 20-24

Cash flow

€-81k

-13.3% 20-24

Total assets

€435k

+616.0% 20-24

Equity

€-152k

-190.0% 20-24

Working capital

€-160k

-169.6% 20-24

Employees (FTE)

3

+25.0% 20-24

Staff costs

€98k

+8.2% 20-24

Income taxes

€276

-89.6% 20-24

Debt

€586k

+418.9% 20-24

Debt ≤ 1y

€586k

+418.9% 20-24

Current ratio

0.73

+53.3% 20-24

Quick ratio

0.73

+53.3% 20-24

Solvency

-34.9%

+59.5% 20-24

Debt / equity

-3.87

-78.9% 20-24

ROE

65.5%

-56.2% 20-24

ROA

-22.8%

+82.3% 20-24

Interest coverage

-19.63

+46.7% 20-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€-77k
Net profit	€-99k
Cash flow	€-81k
Staff costs	€98k
Income taxes	€276
Dividends	-
Total assets	€435k
Equity	€-152k
Debt	€586k
of which ≤ 1y	€586k
of which > 1y	-
Working capital	€-160k
Employees (FTE)	2.5

Ratios (computed)

	2024
Current ratio	0.73
Quick ratio	0.73
Working capital ratio	-36.9%
Solvency	-34.9%
Debt / equity	-3.87
Long-term debt ratio	-
Interest coverage	-19.63
Gross margin	-
Net margin	-
ROA	-22.8%
ROE	65.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €9k · 2.0% Current assets €426k · 98.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€435k
Fixed assets	21/28	€9k
Tangible fixed assets	22/27	€9k
Current assets	29/58	€426k
Amounts receivable within one year	40/41	€424k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€435k
Equity	10/15	€-152k
Contributions / capital	10/11	€20k
Accumulated profits (losses)	14	€-172k
Amounts payable	17/49	€586k
Amounts payable within one year	42/48	€586k
Trade debts payable within one year	44	€441k
Income statement
Gross operating margin	9900	€28k
Operating result	9901	€-95k
Financial charges	65	€4k
Result before taxes	9903	€-99k
Income taxes	67/77	€276
Net result for the period	9904	€-99k
Result to be appropriated	9905	€-99k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

12 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Bruin de Beerlaan 39111 Sint-Niklaas

Establishment units

1 location

BD LOGISTICS

Bruin de Beerlaan 3, 9111 Sint-NiklaasGoederenvervoer over de weg

since 20192.299.102.710

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area363 m²

Buildings1

Building footprint135 m²

Volume (LiDAR)1 m³

Tallest building0.1 m

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46002C1187/00A000	Flanders	363 m²	1 · 135 m²	0.1 m

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

56 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 12

Profitability 100

Solvency 38

Growth 32

Stability 100

Ask AI about this company

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Credit advice

verdict per customer and amount

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We hold annual accounts for 454 of the 4,737 companies in this sector. 392 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Overige posterijen en koeriers53200Overige posterijen en koeriers53200Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)45113Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Postdiensten in het kader van de universele dienstverplichting53100Postdiensten in het kader van de universele dienstverplichting53100

Primary activity highlighted.

Names & trade names

Legal nameNL

BD LOGISTICS

Registered office

Bruin de Beerlaan 3

9111 Sint-Niklaas, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.