RIGA LOGISTICS

Active

Public limited companyfounded 199927 yrs activeLand van Waaslaan(KAL) 1, 9130 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0466.355.808

RIGA LOGISTICS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.73M and a net result of €-139k. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 645 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2025

72 / 100

Healthy

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

Axes · tick = 2024

Profitability52▼-5

Solvency86▼-1

Growth60▼-1

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €190k at 30 days acceptable

Liquidity ample (current ratio 1.8 against 1.85 in 2024; short-term debt: 39% of total assets), and 39.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

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 →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

60.8%

Return on assets

-3.1%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

18 d early

2024

30 d early

2023

1 d early

2022

22 d late

2021

2 d late

2020

3 d early

2019

11 d late

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

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 2025, full schema

Turnover

€11.41M▲ 6.1%

2024 · €10.76M

2018: €6.09M 2019: €7.17M 2020: €8.77M 2021: €10.18M 2022: €10.99M 2023: €10.58M 2024: €10.76M

2018 → 2025

EBIT margin

-1.5%▼ 1.4pp

2024 · -0.1%

2018: -13.1% 2019: 137.7% 2020: 0.0% 2021: -0.1% 2022: -4.4% 2023: -4.7% 2024: -0.1%

2018 → 2025

Net result

€-139k

2024 · €39k

2018: €-822k 2019: €8.71M 2020: €14k 2021: €7k 2022: €-493k 2023: €-446k 2024: €39k

2018 → 2025

Working capital

€1.40M▼ 6.3%

2024 · €1.49M

2018: €-4.02M 2019: €-4.54M 2020: €-926k 2021: €1.81M 2022: €1.50M 2023: €1.27M 2024: €1.49M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€10.18M-€10.99M▲ 8.0%€10.58M▼ 3.7%€10.76M▲ 1.7%€11.41M▲ 6.1%

Equity€3.77M-€3.28M▼ 13.1%€2.83M▼ 13.6%€2.87M▲ 1.4%€2.73M▼ 4.8%

Operating result€-14k-€-484k▼ 3,254%€-494k▼ 2.1%€-12k▲ 97.6%€-170k▼ 1,308%

Net result€7k-€-493k€-446k▲ 9.4%€39k€-139k

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €170k in 2025 against €12k in 2024; the loss grows.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €4.50M

29.8%

70.2%

Fixed assets €1.34M▼ 3.4%

Current assets €3.16M▼ 2.9%

Equity and liabilities €4.50M

60.8%

39.2%

Equity €2.73M▼ 4.8%

Provisions €2k▼ 58.7%

Debt €1.76M▼ 0.1%

The debt ratio rises from 38.0% to 39.2%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€203k▼

2024 · €332k

Cash flow

€234k▼

2024 · €383k

Solvency

60.8%▼

2024 · 61.9%

Current ratio

1.80▼

2024 · 1.85

Quick ratio

1.80▼

2024 · 1.85

Debt / equity

0.65▲

2024 · 0.61

ROE

-5.1%▼

2024 · 1.3%

ROA

-3.1%▼

2024 · 0.8%

Interest coverage

1146.09▼

2024 · 1684.70

Debt

€1.76M▼

2024 · €1.76M

Debt ≤ 1 year

€1.76M▼

2024 · €1.76M

Income taxes

€5k▲

2024 · €2k

Staff costs

€1.88M▲

2024 · €1.58M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€4.64M€4.50M▼

Fixed assets21/28€1.39M€1.34M▼

Tangible fixed assets22/27€1.35M€1.31M▼

Land and buildings22€1.25M€1.03M▼

Plant, machinery and equipment23€40k€151k▲

Furniture and vehicles24€62k€122k▲

Financial fixed assets28€36k€36k=

Other financial fixed assets284/8€36k€36k=

Shares284€400€400=

Amounts receivable and cash guarantees285/8€36k€36k=

Current assets29/58€3.25M€3.16M▼

Amounts receivable within one year40/41€3.11M€3.02M▼

Trade receivables40€1.74M€1.80M▲

Other amounts receivable41€1.37M€1.21M▼

Deferred charges and accrued income490/1€143k€140k▼

Equity and liabilities

Total equity and liabilities10/49€4.64M€4.50M▼

Equity10/15€2.87M€2.73M▼

Contributions10/11€965k€965k=

Capital10€965k€965k=

Issued capital100€965k€965k=

Reserves13€2.78M€2.77M▼

Non-distributable reserves130/1€97k€97k=

Legal reserve130€97k€97k=

Tax-exempt reserves132€2.68M€2.67M▼

Distributable reserves133€9k€9k=

Profit (loss) carried forward14€-874k€-1.01M▼

Provisions and deferred taxes16€4k€2k▼

Deferred taxes168€4k€2k▼

Amounts payable17/49€1.76M€1.76M▼

Amounts payable within one year42/48€1.76M€1.76M▼

Trade debts44€1.41M€1.35M▼

Suppliers440/4€1.41M€1.35M▼

Taxes, remuneration and social security45€344k€401k▲

Taxes450/3€84k€77k▼

Remuneration and social security454/9€260k€324k▲

Other amounts payable47/48€6k€6k=

Accrued charges and deferred income492/3€7k€7k▲

Income statement Code20242025

Operating income70/76A€10.81M€11.48M▲

Turnover70€10.76M€11.41M▲

Other operating income74€48k€61k▲

Non-recurring operating income76A-€4k

Operating charges60/66A€10.82M€11.65M▲

Services and other goods61€8.72M€9.26M▲

Remuneration, social security and pensions62€1.58M€1.88M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€344k€373k▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€-28k-

Other operating charges640/8€200k€138k▼

Operating profit (loss)9901€-12k€-170k▼

Financial income75/76B€50k€34k▼

Recurring financial income75€50k€34k▼

Income from current assets751€50k€34k▼

Other financial income752/9€0€0▼

Financial charges65/66B€197€177▼

Recurring financial charges65€197€177▼

Other financial charges652/9€197€177▼

Profit (loss) for the period before taxes9903€38k€-136k▼

Transfer from deferred taxes780€3k€2k▼

Income taxes67/77€2k€5k▲

Taxes670/3€2k€5k▲

Tax adjustments and reversals of tax provisions77€501-

Profit (loss) for the period9904€39k€-139k▼

Transfer from tax-exempt reserves789€9k€7k▼

Profit (loss) for the period to be appropriated9905€47k€-132k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-874k€-1.01M▼

Profit (loss) brought forward from the previous period14P€-921k€-874k▲

Social balance

Average headcount (FTE)908723.025.6▲

The notes to these accounts (47 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 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

13-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

01-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Back to profitnet €39k

Net result €39k after 2 loss-making years.

30-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

22-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 22 days late

2022

02-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 2 days late

2021

31-12

Financial Liquidity triplescurrent ratio 2.65

Current ratio from 0.83 to 2.65; short-term debt falls from €5.53M to €1.09M.

28-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

11-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 11 days late

2019

31-12

Financial Back to profitnet €8.71M

Net result €8.71M after one loss-making year.

31-12

Financial Equity above €10MEq €11.65M ▲297%

Equity rises from €2.93M to €11.65M.

05-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 5 days late

2018

11-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

24-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 24 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

20 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2006

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.

Land van Waaslaan(KAL) 19130 Beveren-Kruibeke-Zwijndrecht

Ground area

5.0 ha

Building footprint

2.8 ha

Volume, LiDAR

354,553 m³