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INDAVER LOGISTICS

Active
Public limited companyfounded 1978active for 48 yearsBoomsesteenweg 199, 2830 Willebroek, BelgiumKBO/BCE: BE 0417.987.549
Summary

INDAVER LOGISTICS has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of -€202,715. Equity is growing by about 7.7% per year across the filed financial years. Its solvency ranks better than 83% of 2,362 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
Freight transport by road
NACE 49410
7th oldest company in Willebroek, Transport and storage sector1 site
Size
€3.3mtotal assets 2025
Staff
29.9 FTE
Equity
€2.4m
Loss
-€202,715
Financial health
68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Parent
INDAVER · 100%
Board
15 members
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 95 days early
Why 68raises riskLiquidity: current ratio 2.43, cash €19Loss of €202,715 (financial year 2025)Sector: Land transport and transport via pipelines (NACE 49)lowers riskFounded in 1978Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 41% of its sector peers (NACE 49, small)
Financial strength · tick = 2024
Strong
Solvency 96+3
equity 71.2% of total assets
Liquidity 38+1
short-term debt 28.8% · cash 0.0%
Profitability 61-14
return on assets -6.1%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,181 companies, NACE 49, small)
Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.3%● unchanged vs 11-2024lowest value 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025lowest value 03-2025: 0.3%● unchanged vs 02-2025lowest value 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.8%▲ +0.5 percentage points vs 04-2026highest value 06-2026: 0.8%● unchanged vs 05-2026highest value 07-2026: 0.8%● unchanged vs 06-2026highest value 08-2026: 0.8%● unchanged vs 07-2026highest value 09-2026: 0.8%● unchanged vs 08-2026highest value 10-2026: 0.8%● unchanged vs 09-2026highest value
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.43, compared with 2.32 in 2024, above the usual 1.5; short-term debt: 28.8% and cash: 0% of total assets), and 28.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, small): better than 86% on solvency, 36% on liquidity, 24% on profitability and 18% on growth.

The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 2.43, cash €19
NBB · annual accounts
raises risk · Loss of €202,715 (financial year 2025)
NBB · annual accounts
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Founded in 1978
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-04-2026, 95 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
95 days early
2024
121 days early
2023
29 days early
2022
126 days early
2021
111 days early
2020
115 days early
2019
115 days early
← 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 102 days before the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: Annick Van Driessen (director)Gazette deed
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Resignation: Rob Kruitwagen (director)Reappointment: EY Bedrijfsrevisoren BV (statutory…

Key points

  • Caution: From profit to loss in 2025after €199,187 in 2024 -€202,715 View
  • Caution: Among the weakest 5% on net resultsector median €22,742 · 2,358 companies -€202,715 View
  • Board changedlatest change 06-03-2026 · 15 in office 76 joined · 1 left View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by INDAVERultimately: Katoen Natie Group SA 100% View
  • Active since 1978founded 14-01-1978 48 years View
  • Flemish supportawarded from 2023 to 2025 €175,512 View

By topic

Financials

Financial year
2025
Total assets
€3.3m
Loss
-€202,715
Solvency
71.2%
Turnover▲ 12.6%
Net result
20182020
Go to Financials

Board & ownership

Board
15 members
Parent
INDAVER · 100%
Auditor
Ernst et Young Reviseurs…
  • Annick Van DriessenDirector
  • Alain KoningsDirector
  • Florian GroteDirector
  • Gregory CloquetDirector
  • Jan JacobsDirector

and 10 other directors

Go to Board & ownership

Timeline

Events
73
Since
1979
Next accounts
by 31-07-2027
  1. 31-12-2025Weakest financial year
  2. 10-04-2025Reappointments: Alain Konings (director) and EY Bedrijfsrevisoren…
  3. 01-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Freight transport by roadNACE 49410
Founded
14-01-1978
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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