N&D LOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of N&D LOGISTICS is 4.5% (elevated). The 2025 annual accounts show equity of €100k and a net result of €18k. Equity is growing by ~45.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 4603 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-27
Solvency46▼-32
Growth78=
Track record100
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity tight (current ratio 1.07 against 1.58 in 2024; short-term debt: 79% and cash: 6.5% of total assets), and 79% 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
raises risk · 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21%
Return on assets
3.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 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 · 4 filingsDeviation from the deadline
2025
30 d late
2024
24 d late
2023
29 d late
2022
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€100k▼ 24.4%
2024 · €132k
2022: €17k
2023: €64k
2024: €132k
2022 → 2025
Total assets
€474k▲ 88.6%
2024 · €251k
2022: €88k
2023: €153k
2024: €251k
2022 → 2025
Net result
€18k▼ 74.0%
2024 · €68k
2022: €12k
2023: €46k
2024: €68k
2022 → 2025
Working capital
€28k▼ 59.4%
2024 · €69k
2022: €-21k
2023: €11k
2024: €69k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€17k-€64k▲ 269%€132k▲ 107%€100k▼ 24.4%
Operating result€16k-€59k▲ 274%€99k▲ 67.6%€31k▼ 68.9%
Net result€12k-€46k▲ 273%€68k▲ 46.9%€18k▼ 74.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474k
Fixed assets
€72k ▲ 13.8%
Current assets
€402k ▲ 114%
Equity and liabilities €474k
Equity
€100k ▼ 24.4%
Debt
€374k ▲ 214%
Debt's share of the balance-sheet total rises from 47.5% to 79.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32k
Cash flow
€19k
Current ratio
1.07▼
2024 · 1.58
Debt to equity
3.75▲
2024 · 0.90
ROE
17.8%▼
2024 · 51.7%
ROA
3.7%▼
2024 · 27.2%
Interest coverage
9.25
Debt ≤ 1 year
€374k▲
2024 · €119k
Income taxes
€9k▼
2024 · €27k
Staff costs
€375k▲
2024 · €287k
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€251k€474k▲
Fixed assets21/28€63k€72k▲
Tangible fixed assets22/27-€3k
Furniture and vehicles24-€3k
Financial fixed assets28€63k€69k▲
Current assets29/58€188k€402k▲
Amounts receivable within one year40/41€173k€372k▲
Trade receivables40€89k€257k▲
Other amounts receivable41€83k€115k▲
Cash at bank and in hand54/58€16k€31k▲
Equity and liabilities
Total equity and liabilities10/49€251k€474k▲
Equity10/15€132k€100k▼
Contributions10/11€10k€10k=
Outside capital11€10k-
Other1109/19€10k-
Profit (loss) carried forward14€122k€90k▼
Amounts payable17/49€119k€374k▲
Amounts payable within one year42/48€119k€374k▲
Financial debts43-€35k
Credit institutions430/8-€35k
Trade debts44€26k€133k▲
Suppliers440/4€26k€133k▲
Taxes, remuneration and social security45€93k€164k▲
Taxes450/3€71k€108k▲
Remuneration and social security454/9€23k€56k▲
Other amounts payable47/48-€43k
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€363k€488k▲
Remuneration, social security and pensions62€287k€375k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Other operating charges640/8€972€2k▲
Non-recurring operating charges66A€6k€7k▲
Gross operating margin9900€392k€416k▲
Operating profit (loss)9901€99k€31k▼
Financial income75/76B€12€0▼
Recurring financial income75€12€0▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€95k€27k▼
Income taxes67/77€27k€9k▼
Profit (loss) for the period9904€68k€18k▼
Profit (loss) for the period to be appropriated9905€68k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€122k€140k▲
Profit (loss) brought forward from the previous period14P€54k€122k▲
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
13-08
State Gazette act
Registered office · Resignations & appointmentsRegistered-office move · Name change3 facts ▸
State Gazette act
Registered office · Resignations & appointments
Registered-office move · Name change3 facts ▸
- General meeting, 6 août 2026
- Registered-office move, 1020 Laeken, Avenue Des Liserons 31/19
- Name change, ND LOGISTICS
2025
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
31-12
Financial
Highest result since 2022net €68k ▲46.9%
Operating result €99k, net result €68k, both a record.
31-12
Financial
Equity above €100kEq €132k ▲107%
3 profitable years in a row build equity to €132k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
Financial milestoneState Gazette actNBB 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2020
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.
Haagwindenlaan 311020 BrusselGround area
1.7 ha
Building footprint
2,665 m²
Volume, LiDAR
45,106 m³
2 parcels, Brussels · tallest building 32.0 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 143, 1050 Elsene
since 20202.316.025.943
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819C0145/00R003 | Brussels | 1.5 ha | 1 · 876 m² | 24.3 m · 7 fl. |
| 21807G0089/00A007 | Brussels | 1,907 m² | 1 · 1,788 m² | 32.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 6,343 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
Founded21-08-2020
Fiscal year end31-12
Legal name FR
ND LOGISTICS
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.