SAHIN-LOGISTICS
The computed 12-month bankruptcy probability of SAHIN-LOGISTICS is 2.8% (moderate). The 2024 annual accounts show equity of €57k and a net result of €19k. Equity is growing by ~41.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 6711 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €57k |
| Net result | €19k |
| Staff (FTE) | 3 |
| Better than sector | 60% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 47.2% | 37.3% | |
| Net result | €19k | €6k | |
| Equity | €57k | €34k | |
| Gross operating margin | €155k | €39k | |
| Staff costs | €112k | €49k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | €80k |
| EBITDA | €35k | €33k | €14k | €2k | €3k |
| Net profit | €19k | €21k | €4k | €-8k | €14k |
| Cash flow | €26k | €25k | €11k | €-3k | €17k |
| Staff costs | €112k | €79k | €55k | €21k | - |
| Income taxes | €8k | €8k | €1k | €3k | - |
| Dividends | - | - | - | - | - |
| Total assets | €120k | €92k | €68k | €65k | €45k |
| Equity | €57k | €38k | €17k | €13k | €21k |
| Debt | €63k | €54k | €51k | €52k | €24k |
| of which ≤ 1y | €44k | €54k | €42k | €30k | €9k |
| of which > 1y | €20k | - | €9k | €21k | €15k |
| Working capital | €48k | €25k | €5k | €6k | €14k |
| Employees (FTE) | 3.0 | 2.2 | - | 1.0 | - |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 2.10 | 1.47 | 1.13 | 1.20 | 2.51 |
| Quick ratio | 2.10 | 1.47 | 1.13 | 1.20 | 2.51 |
| Working capital ratio | 40.3% | 27.5% | 8.0% | 9.6% | 32.1% |
| Solvency | 47.2% | 41.4% | 25.6% | 20.1% | 46.0% |
| Debt / equity | 1.12 | 1.42 | 2.91 | 3.97 | 0.71 |
| Long-term debt ratio | 0.35 | - | 0.53 | 1.63 | 0.71 |
| Interest coverage | 26.03 | 25.86 | 9.37 | 1.68 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | 17.9% |
| ROA | 15.5% | 22.4% | 6.5% | -11.6% | 32.1% |
| ROE | 32.8% | 54.2% | 25.4% | -57.7% | 69.8% |
| EBITDA margin | - | - | - | - | 3.9% |
| Days sales outstanding | - | - | - | - | 64d |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €120k | €92k | €68k | €65k | €45k |
| Fixed assets | 21/28 | €28k | €13k | €21k | €28k | €21k |
| Tangible fixed assets | 22/27 | €28k | €13k | €21k | €28k | €21k |
| Financial fixed assets | 28 | €270 | €135 | €135 | €135 | - |
| Current assets | 29/58 | €92k | €79k | €47k | €37k | €24k |
| Amounts receivable within one year | 40/41 | €63k | €47k | €30k | €30k | €14k |
| Cash & bank | 54/58 | €25k | €29k | €16k | €6k | €10k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €120k | €92k | €68k | €65k | €45k |
| Equity | 10/15 | €57k | €38k | €17k | €13k | €21k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | - |
| Reserves | 13 | €44k | €24k | €4k | - | - |
| Accumulated profits (losses) | 14 | €7k | €8k | €7k | €7k | €14k |
| Amounts payable | 17/49 | €63k | €54k | €51k | €52k | €24k |
| Amounts payable after one year | 17 | €20k | - | €9k | €21k | €15k |
| Amounts payable within one year | 42/48 | €44k | €54k | €42k | €30k | €9k |
| Trade debts payable within one year | 44 | €954 | €3k | €3k | €3k | €180 |
| Income statement | ||||||
| Turnover | 70 | - | - | - | - | €80k |
| Gross operating margin | 9900 | €155k | €114k | €70k | €30k | €4k |
| Operating result | 9901 | €28k | €29k | €7k | €-3k | €427 |
| Financial income | 75 | €21 | €553 | - | €101 | - |
| Financial charges | 65 | €1k | €1k | €2k | €1k | €762 |
| Result before taxes | 9903 | €27k | €29k | €6k | €-4k | €-1k |
| Income taxes | 67/77 | €8k | €8k | €1k | €3k | - |
| Net result for the period | 9904 | €19k | €21k | €4k | €-8k | €-1k |
| Result to be appropriated | 9905 | €19k | €21k | €4k | €-8k | €-1k |
| NACE primary | Freight transport by road(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 17-09-2018 |
| Status | Active |
| Postal code | 2560 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026A0764/00Y002 | Flanders | 260 m² | 1 · 71 m² | 0.0 m |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
30-06-2023 Registered office moved from DEURNE to NIJLEN
- LAMMERGIERSTRAAT 51 - 2100 DEURNE → MIT DE BAKEL-HOF 3 TE 2560 NIJLEN
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "MIT DE BAKEL-HOF 3 TE 2560 NIJLEN",
"city": "NIJLEN",
"region": "vlaams_gewest",
"street": "MIT DE BAKEL-HOF",
"country": "BE",
"postcode": "2560",
"box_number": null,
"street_number": "3",
"locality_suffix": null
},
"old_address": {
"raw": "LAMMERGIERSTRAAT 51 - 2100 DEURNE",
"city": "DEURNE",
"region": "vlaams_gewest",
"street": "LAMMERGIERSTRAAT",
"country": "BE",
"postcode": "2100",
"box_number": null,
"street_number": "51",
"locality_suffix": null
},
"effective_date": "2023-05-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2023-06-20",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2023-03-31",
"unanimous": null
},
"subject_company": {
"kbo": "0704.646.305",
"name_full": "SAHIN - LOGISTICS",
"legal_form": "BESLOTEN VENNOOTSCHAP",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "SAHIN ISMAIL",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"Bijlagen bij het Belgisch-Staatsblad",
"Annexes du Moniteur-belge"
]
}| Legal nameNL | SAHIN-LOGISTICS |