FOOD LOGISTICS
ActiveSummary
FOOD LOGISTICS has been active since 1964 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €480k and a net result of €379k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 65% of 725 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency72▼-19
Growth22▼-3
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.99 against 2.72 in 2023; short-term debt: 26.2% and cash: 12.7% of total assets), and 53.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
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 2024Solvency, return and age of the figures
Solvency
46.8%
Return on assets
36.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-06-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
39 d early
2023
35 d early
2022
32 d early
2021
32 d early
2020
33 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€1.34M▼ 28.4%
2023 · €1.87M
2018: €2.66M
2019: €2.43M
2020: €1.84M
2021: €1.79M
2022: €1.85M
2023: €1.87M
2018 → 2024
EBIT margin
36.7%▼ 0.7pp
2023 · 37.4%
2018: 50.4%
2019: 45.8%
2020: 57.6%
2021: 37.9%
2022: 22.6%
2023: 37.4%
2018 → 2024
Net result
€379k▼ 26.6%
2023 · €516k
2018: €1.08M
2019: €919k
2020: €910k
2021: €623k
2022: €347k
2023: €516k
2018 → 2024
Working capital
€-3k
2023 · €711k
2018: €1.54M
2019: €2.15M
2020: €3.56M
2021: €4k
2022: €103k
2023: €711k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.84M-€1.79M▼ 2.5%€1.85M▲ 3.2%€1.87M▲ 1.4%€1.34M▼ 28.4%
Equity€4.37M-€639k▼ 85.4%€786k▲ 23.0%€1.30M▲ 65.7%€480k▼ 63.1%
Operating result€1.06M-€679k▼ 35.8%€417k▼ 38.6%€701k▲ 68.2%€492k▼ 29.8%
Net result€910k-€623k▼ 31.6%€347k▼ 44.3%€516k▲ 48.7%€379k▼ 26.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 30% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.03M
Fixed assets
€760k ▼ 10.3%
Current assets
€266k ▼ 76.3%
Equity and liabilities €1.03M
Equity
€480k ▼ 63.1%
Provisions
€277k ▲ 7.9%
Debt
€269k ▼ 35.1%
Debt's share of the balance-sheet total rises from 21.0% to 26.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€580k▼
2023 · €838k
Cash flow
€467k▼
2023 · €652k
Current ratio
0.99▼
2023 · 2.72
Debt to equity
0.56▲
2023 · 0.32
ROE
78.9%▲
2023 · 39.6%
ROA
36.9%▲
2023 · 26.1%
Interest coverage
808.97▼
2023 · 1202.80
Debt ≤ 1 year
€269k▼
2023 · €414k
Income taxes
€142k▼
2023 · €197k
Staff costs
€308k▼
2023 · €343k
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 · 2024 against 2023 · 63 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.97M€1.03M▼
Fixed assets21/28€848k€760k▼
Tangible fixed assets22/27€848k€760k▼
Land and buildings22€687k€627k▼
Plant, machinery and equipment23€160k€133k▼
Furniture and vehicles24€428€143▼
Current assets29/58€1.13M€266k▼
Amounts receivable within one year40/41€430k€131k▼
Trade receivables40€430k€88k▼
Other amounts receivable41-€42k
Current investments50/53€650k-
Other investments51/53€650k-
Cash at bank and in hand54/58€42k€131k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.97M€1.03M▼
Equity10/15€1.30M€480k▼
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Revaluation surpluses12€202k€202k=
Reserves13€25k€25k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Profit (loss) carried forward14€824k€3k▼
Provisions and deferred taxes16€257k€277k▲
Provisions for liabilities and charges160/5€257k€277k▲
Major repairs and maintenance162€257k€277k▲
Amounts payable17/49€414k€269k▼
Amounts payable within one year42/48€414k€269k▼
Trade debts44€165k€124k▼
Suppliers440/4€165k€124k▼
Taxes, remuneration and social security45€249k€145k▼
Taxes450/3€221k€118k▼
Remuneration and social security454/9€29k€27k▼
Accrued charges and deferred income492/3€104-
Income statement
Code20232024
Operating income70/76A€2.05M€1.51M▼
Turnover70€1.87M€1.34M▼
Other operating income74€172k€169k▼
Operating charges60/66A€1.34M€1.02M▼
Services and other goods61€793k€567k▼
Remuneration, social security and pensions62€343k€308k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136k€88k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€37k€20k▼
Other operating charges640/8€35k€36k▲
Operating profit (loss)9901€701k€492k▼
Financial income75/76B€12k€30k▲
Recurring financial income75€12k€30k▲
Other financial income752/9€12k€30k▲
Financial charges65/66B€696€717▲
Recurring financial charges65€696€717▲
Other financial charges652/9€696€717▲
Profit (loss) for the period before taxes9903€712k€521k▼
Transfer from deferred taxes780€73-
Income taxes67/77€197k€142k▼
Taxes670/3€197k€142k▼
Profit (loss) for the period9904€516k€379k▼
Transfer from tax-exempt reserves789€220-
Profit (loss) for the period to be appropriated9905€516k€379k▼
Appropriation of the result
Profit (loss) to be appropriated9906€824k€1.20M▲
Profit (loss) brought forward from the previous period14P€308k€824k▲
Profit to be distributed694/7-€1.20M
Return on contributions (dividend)694-€1.20M
Social balance
Average headcount (FTE)90875.34.3▼
The notes to these accounts (35 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.72
Current ratio from 1.17 to 2.72; short-term debt falls from €618k to €414k.
31-12
Financial
Equity above €1MEq €1.30M ▲65.7%
6 profitable years in a row build equity to €1.30M.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €347k ▼44.3%
Net result drops to €347k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
24-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 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, Dendermonde · 1 establishment unit since 1964
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.
Hoogveld 899200 DendermondeGround area
1.2 ha
Building footprint
3,178 m²
Volume, LiDAR
24,777 m³
Parcel 42021A0888/00F000, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FOOD LOGISTICS
since 19642.000.109.910
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A0888/00F000 | Flanders | 1.2 ha | 1 · 3,178 m² | 13.8 m · 3 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 · 450 EUR awarded · 450 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 450 EUR | 450 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteDendermonde2.000.109.910
Dual-learning approval
4 live approvalsBestuurder interne transportmiddelen duaal (so)
Logistiek duaal (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Similar companies · same sector, comparable size
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KATOEN NATIE FOOD LOGISTICS
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INTICA
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Of 1,030 companies in sector 52100 we hold annual accounts for 765. 532 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 formPublic limited company
Founded16-11-1964
Fiscal year end31-12
Activities, NACEBEL 2025
52100Warehousing and storage
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.