BRUSSELS LOGISTICS
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 08-07-2024, 23 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
23 d early
2022
89 d early
2021
81 d early
2020
82 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22.97M▲ 2,185%
2022 · €1.01M
2021: €913k
2022: €1.01M
2021 → 2023
Working capital
€13.45M
2022 · €-407k
2021: €-2.41M
2022: €-407k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€14.68M-€15.68M▲ 6.8%€13.45M▼ 14.2%
Operating result€1.26M-€1.38M▲ 9.8%€30.53M▲ 2,115%
Net result€913k-€1.01M▲ 10.1%€22.97M▲ 2,185%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2023 is 2,115% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €38.83M
Fixed assets
€1 ▼ 100.0%
Current assets
€38.83M ▲ 4,741%
Equity and liabilities €38.83M
Equity
€13.45M ▼ 14.2%
Debt
€25.38M ▲ 854%
Debt's share of the balance-sheet total rises from 14.5% to 65.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31.47M▲
2022 · €2.46M
Cash flow
€23.91M▲
2022 · €2.09M
Current ratio
1.53▲
2022 · 0.66
Debt to equity
1.89▲
2022 · 0.17
ROE
170.8%▲
2022 · 6.4%
ROA
59.1%▲
2022 · 5.5%
Interest coverage
283.00▲
2022 · 125.63
Debt ≤ 1 year
€25.38M▲
2022 · €1.21M
Income taxes
€7.61M▲
2022 · €353k
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 · 2023 against 2022 · 53 lines
Balance sheet
Code20222023
Assets
Total assets20/58€18.34M€38.83M▲
Fixed assets21/28€17.54M€1▼
Tangible fixed assets22/27€17.54M-
Land and buildings22€17.54M-
Financial fixed assets28€1€1=
Current assets29/58€802k€38.83M▲
Amounts receivable within one year40/41€575k€38.83M▲
Trade receivables40€371k€251k▼
Other amounts receivable41€204k€38.58M▲
Deferred charges and accrued income490/1€227k-
Equity and liabilities
Total equity and liabilities10/49€18.34M€38.83M▲
Equity10/15€15.68M€13.45M▼
Contributions10/11€12.26M€12.26M=
Capital10€11.88M€11.88M=
Issued capital100€11.88M€11.88M=
Outside capital11€376k€376k=
Share premium1100/10€376k€376k=
Reserves13€1.37M€1.19M▼
Non-distributable reserves130/1€561k€1.19M▲
Legal reserve130€561k€1.19M▲
Distributable reserves133€814k-
Profit (loss) carried forward14€2.05M-
Amounts payable17/49€2.66M€25.38M▲
Amounts payable within one year42/48€1.21M€25.38M▲
Trade debts44-€47k
Suppliers440/4-€47k
Taxes, remuneration and social security45€40k€135k▲
Taxes450/3€40k€135k▲
Other amounts payable47/48€1.17M€25.20M▲
Accrued charges and deferred income492/3€1.45M-
Income statement
Code20222023
Non-recurring operating income76A-€29.36M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.08M€940k▼
Other operating charges640/8€304k€542k▲
Non-recurring operating charges66A-€93k
Gross operating margin9900€2.76M€32.10M▲
Operating profit (loss)9901€1.38M€30.53M▲
Financial income75/76B€2€155k▲
Recurring financial income75€2€155k▲
Financial charges65/66B€20k€111k▲
Recurring financial charges65€20k€111k▲
Profit (loss) for the period before taxes9903€1.36M€30.57M▲
Income taxes67/77€353k€7.61M▲
Profit (loss) for the period9904€1.01M€22.97M▲
Transfer from tax-exempt reserves789€250k-
Profit (loss) for the period to be appropriated9905€1.26M€22.97M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.36M€25.02M▲
Profit (loss) brought forward from the previous period14P€1.11M€2.05M▲
Transfer from equity791/2-€814k
Transfer to equity691/2€313k€628k▲
To the legal reserve6920€63k€628k▲
To other reserves6921€250k-
Profit to be distributed694/7-€25.20M
Return on contributions (dividend)694-€25.20M
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
21-06
State Gazette act
Merger · Corporate purpose
21-06
State Gazette act
Merger · Accounting effect
Shareholding
2023
31-12
Financial
Highest result since 2021net €22.97M ▲2185%
Operating result €30.53M, net result €22.97M, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.53
Current ratio from 0.66 to 1.53.
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
State Gazette act
General meeting · Member resignation
Capital decrease · Member admission
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:AG Real Estate NV