General Logistics

Active

Private limited companyfounded 20196 yrs activeVictor Govaerslaan 12/2L, 2170 Antwerpen, BelgiumKBO/BCE: BE 0736.732.222

Summary

The computed 12-month bankruptcy probability of General Logistics is 3.6% (moderate). The 2024 annual accounts show equity of €136k and a net result of €-45k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 79% of 6717 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

52 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-68

Solvency94▲+4

Growth52=

Track record100

Bankruptcy probability, 12 months

3.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity ample (current ratio 2.36 against 2.19 in 2023; short-term debt: 21.6% and cash: 39.6% of total assets), and 31.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

68.8%

Return on assets

-22.7%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

2021222324

2020 to 2024 · latest year €-45k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

30 d late

2023

61 d late

2022

11 d early

2021

29 d early

2020

16 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€333k

EBIT margin

2.9%

Net result

€-45k▼ 2,456%

2023 · €-2k

2020: €81k 2021: €8k 2022: €93k 2023: €-2k

2020 → 2024

Working capital

€58k▼ 11.8%

2023 · €66k

2020: €19k 2021: €-20k 2022: €112k 2023: €66k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€333k

Equity€83k-€91k▲ 9.9%€183k▲ 102%€181k▼ 1.0%€136k▼ 24.8%

Operating result€102k-€10k▼ 90.4%€128k▲ 1,201%€953▼ 99.3%€-44k

Net result€81k-€8k▼ 89.8%€93k▲ 1,033%€-2k€-45k▼ 2,456%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €44k after €953 in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €198k

49.2%

50.8%

Fixed assets €97k ▼ 38.8%

Current assets €101k ▼ 16.6%

Equity and liabilities €198k

68.8%

31.2%

Equity €136k ▼ 24.8%

Debt €62k ▼ 37.3%

Debt's share of the balance-sheet total falls from 35.2% to 31.2%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-17k▼

2023 · €39k

Cash flow

€-19k▼

2023 · €37k

Current ratio

2.36▲

2023 · 2.19

Debt to equity

0.45▼

2023 · 0.54

ROE

-33.1%▼

2023 · -1.0%

ROA

-22.7%▼

2023 · -0.6%

Interest coverage

-13.18▼

2023 · 19.75

Debt ≤ 1 year

€43k▼

2023 · €55k

Debt > 1 year

€19k▼

2023 · €44k

Income taxes

€138▼

2023 · €721

Staff costs

€32k▼

2023 · €91k

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 · 45 lines

Balance sheet Code20232024

Assets

Total assets20/58€280k€198k▼

Fixed assets21/28€159k€97k▼

Tangible fixed assets22/27€125k€63k▼

Land and buildings22-€3k

Plant, machinery and equipment23-€1k

Furniture and vehicles24€125k€58k▼

Financial fixed assets28€35k€35k=

Current assets29/58€121k€101k▼

Amounts receivable within one year40/41€66k€9k▼

Trade receivables40€66k€9k▼

Other amounts receivable41€807-

Cash at bank and in hand54/58€51k€78k▲

Deferred charges and accrued income490/1€4k€13k▲

Equity and liabilities

Total equity and liabilities10/49€280k€198k▼

Equity10/15€181k€136k▼

Contributions10/11€2k€2k=

Reserves13€181k€181k=

Distributable reserves133€181k€181k=

Profit (loss) carried forward14€-2k€-47k▼

Amounts payable17/49€98k€62k▼

Amounts payable after more than one year17€44k€19k▼

Financial debts170/4€44k€19k▼

Amounts payable within one year42/48€55k€43k▼

Current portion of amounts payable after more than one year42€24k€25k▲

Trade debts44€20k€2k▼

Suppliers440/4€20k€2k▼

Taxes, remuneration and social security45€11k€14k▲

Taxes450/3€9k€12k▲

Remuneration and social security454/9€2k€2k▲

Other amounts payable47/48€360€2k▲

Income statement Code20232024

Remuneration, social security and pensions62€91k€32k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€26k▼

Other operating charges640/8€3k€1k▼

Gross operating margin9900€133k€16k▼

Operating profit (loss)9901€953€-44k▼

Financial income75/76B-€1

Recurring financial income75-€1

Financial charges65/66B€2k€1k▼

Recurring financial charges65€2k€1k▼

Profit (loss) for the period before taxes9903€-1k€-45k▼

Income taxes67/77€721€138▼

Profit (loss) for the period9904€-2k€-45k▼

Profit (loss) for the period to be appropriated9905€-2k€-45k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-2k€-47k▼

Profit (loss) brought forward from the previous period14P-€-2k

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

2025

30-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 30 days late

2024

31-12

Financial Weakest financial yearnet €-45k

Net result drops to €-45k, the lowest in the series.

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

20-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2020net €93k ▲1033%

Operating result €128k, net result €93k, both a record.

31-12

Financial Liquidity triplescurrent ratio 2.22

Current ratio from 0.78 to 2.22; short-term debt falls from €93k to €92k.

31-12

Financial Equity above €150kEq €183k ▲102%

3 profitable years in a row build equity to €183k.

02-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

15-07

NBB filing Annual accounts filed

fiscal year 2020 · micro 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, Antwerpen · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Victor Govaerslaan 12/2L2170 Antwerpen

Ground area

4,303 m²

Building footprint

408 m²

Volume, LiDAR

7,363 m³

Parcel 11028A0232/00A007, Flanders · tallest building 21.6 m, ±7 floors. Linked by address, not a title deed.

1 establishment unit

General Logistics

Victor Govaerslaan 12, 2170 AntwerpenFreight transport by road

since 20192.295.022.374

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11028A0232/00A007	Flanders	4,303 m²	1 · 408 m²	21.6 m · 7 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

2023 to 2024 · 2 entries · 1,257 EUR awarded · 1,368 EUR paid

Year	Entries	awarded	paid
2024	1	789 EUR	789 EUR
2023	1	468 EUR	579 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 1,257 EUR · 1,368 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

DELEU FRANCKY

BE 0456.767.654

Ledegem · Eq €136,347

RUVAR

BE 0458.103.284

Pittem · Eq €136,456

TRANSPORT DANIEL SEMAL

Sint-Lievens-Houtem · Eq €136,673

VAN DZEYT

BE 0783.836.115

Mechelen · Eq €136,693

Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 6,374 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

Founded24-10-2019

Fiscal year end31-12

Activities, NACEBEL 2025

49410Freight transport by road

53200Other postal and courier activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.