SEDIS LOGISTICS

Active

Public limited companyfounded 200125 yrs activeRue des Sablières(BL) 7, 7522 Tournai, BelgiumKBO/BCE: BE 0474.930.509

The computed 12-month bankruptcy probability of SEDIS LOGISTICS is 2.3% (moderate). The 2024 annual accounts show equity of €10.55M and a net result of €419k. Equity is growing by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 48% of 730 sector peers (fiscal year 2024). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

76 / 100

Excellent▼ -2 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability23▼-12

Solvency57▼-6

Growth54▼-11

Stability100

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €800k at 30 days acceptable

Liquidity tight (current ratio 1.18 against 1.02 in 2023), and 65.9% 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

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

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

34.1%

Return on assets

1.4%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

27 d early

2023

28 d early

2022

30 d late

2021

25 d late

2020

18 d early

2019

61 d late

← before the deadline after the 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 2024, full schema

Turnover

€110.73M▲ 40.7%

2023 · €78.70M

2018: €72.75M 2019: €80.41M 2020: €81.18M 2021: €171.85M 2022: €158.23M 2023: €78.70M

2018 → 2024

EBIT margin

3.5%▲ 1.2pp

2023 · 2.3%

2018: 2.3% 2019: 1.0% 2020: 1.9% 2021: 4.9% 2022: 5.5% 2023: 2.3%

2018 → 2024

Net result

€419k▼ 65.1%

2023 · €1.20M

2018: €1.04M 2019: €573k 2020: €1.38M 2021: €6.02M 2022: €7.47M 2023: €1.20M

2018 → 2024

Working capital

€3.22M▲ 1,222%

2023 · €244k

2018: €1.26M 2019: €1.29M 2020: €2.66M 2021: €12.99M 2022: €315k 2023: €244k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€81.18M-€171.85M▲ 112%€158.23M▼ 7.9%€78.70M▼ 50.3%€110.73M▲ 40.7%

Equity€5.34M-€11.31M▲ 112%€9.36M▼ 17.2%€10.37M▲ 10.8%€10.55M▲ 1.7%

Operating result€1.58M-€8.38M▲ 431%€8.65M▲ 3.2%€1.80M▼ 79.2%€3.90M▲ 117%

Net result€1.38M-€6.02M▲ 337%€7.47M▲ 24.0%€1.20M▼ 83.9%€419k▼ 65.1%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 117% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €30.89M

31.5%

68.5%

Fixed assets €9.72M▼ 19.2%

Current assets €21.17M▲ 56.4%

Equity and liabilities €30.89M

34.1%

65.9%

Equity €10.55M▲ 1.7%

Debt €20.34M▲ 33.9%

The debt ratio rises from 59.4% to 65.9%: debt grows faster than equity.

Key figures and ratios

2024 value · change against 2023

EBITDA

€4.55M▲

2023 · €2.36M

Cash flow

€1.07M▼

2023 · €1.76M

Solvency

34.1%▼

2023 · 40.6%

Current ratio

1.18▲

2023 · 1.02

Quick ratio

1.15▲

2023 · 0.98

Debt / equity

1.93▲

2023 · 1.47

ROE

4.0%▼

2023 · 11.6%

ROA

1.4%▼

2023 · 4.7%

Interest coverage

6.81▲

2023 · 6.77

Debt

€20.34M▲

2023 · €15.20M

Debt ≤ 1 year

€17.94M▲

2023 · €13.29M

Debt > 1 year

€1.65M▲

2023 · €1.50M

Income taxes

€825k▲

2023 · €507k

Staff costs

€12.63M▼

2023 · €13.18M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€25.56M€30.89M▲

Fixed assets21/28€12.03M€9.72M▼

Intangible fixed assets21€95k€43k▼

Tangible fixed assets22/27€2.94M€3.02M▲

Plant, machinery and equipment23€40k€95k▲

Furniture and vehicles24€486k€409k▼

Leasing and similar rights25€1.96M€1.81M▼

Other tangible fixed assets26€453k€472k▲

Assets under construction and advance payments27-€235k

Financial fixed assets28€8.99M€6.66M▼

Affiliated companies280/1€8.42M€6.52M▼

Participating interests280€8.42M€6.52M▼

Other financial fixed assets284/8€566k€138k▼

Shares284€428k-

Amounts receivable and cash guarantees285/8€138k€138k▲

Current assets29/58€13.54M€21.17M▲

Stocks and contracts in progress3€469k€502k▲

Stocks30/36€469k€502k▲

Raw materials and consumables30/31€469k€502k▲

Amounts receivable within one year40/41€11.36M€18.92M▲

Trade receivables40€10.64M€18.35M▲

Other amounts receivable41€719k€570k▼

Cash at bank and in hand54/58€1.22M€715k▼

Deferred charges and accrued income490/1€495k€1.03M▲

Equity and liabilities

Total equity and liabilities10/49€25.56M€30.89M▲

Equity10/15€10.37M€10.55M▲

Contributions10/11€143k€143k=

Capital10€143k€143k=

Issued capital100€143k€143k=

Reserves13€10.23M€10.40M▲

Non-distributable reserves130/1€14k€14k=

Legal reserve130€14k€14k=

Distributable reserves133€10.21M€10.39M▲

Amounts payable17/49€15.20M€20.34M▲

Amounts payable after more than one year17€1.50M€1.65M▲

Financial debts170/4€1.47M€1.62M▲

Leasing and similar obligations172€1.36M€1.48M▲

Credit institutions173€111k€144k▲

Other amounts payable178/9€33k€28k▼

Amounts payable within one year42/48€13.29M€17.94M▲

Current portion of amounts payable after more than one year42€387k€420k▲

Financial debts43€4.24M€4.12M▼

Credit institutions430/8€4.24M€4.12M▼

Trade debts44€7.05M€8.81M▲

Suppliers440/4€7.05M€8.81M▲

Taxes, remuneration and social security45€1.42M€1.35M▼

Taxes450/3€3k-

Remuneration and social security454/9€1.42M€1.35M▼

Other amounts payable47/48€194k€3.24M▲

Accrued charges and deferred income492/3€399k€747k▲

Income statement Code20232024

Operating income70/76A€79.72M€111.30M▲

Turnover70€78.70M€110.73M▲

Other operating income74€696k€421k▼

Non-recurring operating income76A€323k€146k▼

Operating charges60/66A€77.92M€107.40M▲

Goods for resale, raw materials and consumables60€47.73M€77.25M▲

Purchases600/8€47.52M€77.28M▲

Change in stocks: decrease (increase)609€218k€-33k▼

Services and other goods61€15.20M€16.74M▲

Remuneration, social security and pensions62€13.18M€12.63M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€555k€649k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1.21M€-579k▼

Other operating charges640/8€41k€711k▲

Operating profit (loss)9901€1.80M€3.90M▲

Financial income75/76B€373k€151k▼

Recurring financial income75€373k€121k▼

Income from financial fixed assets750€151k€37k▼

Other financial income752/9€221k€84k▼

Non-recurring financial income76B-€30k

Financial charges65/66B€465k€2.81M▲

Recurring financial charges65€465k€908k▲

Debt charges650€348k€668k▲

Other financial charges652/9€117k€240k▲

Non-recurring financial charges66B-€1.90M

Profit (loss) for the period before taxes9903€1.71M€1.24M▼

Income taxes67/77€507k€825k▲

Taxes670/3€507k€863k▲

Tax adjustments and reversals of tax provisions77-€37k

Profit (loss) for the period9904€1.20M€419k▼

Profit (loss) for the period to be appropriated9905€1.20M€419k▼

Appropriation of the result

Profit (loss) to be appropriated9906€1.20M€419k▼

Transfer to equity691/2€1.01M€178k▼

To other reserves6921€1.01M€178k▼

Profit to be distributed694/7€193k€241k▲

Other beneficiaries697€193k€241k▲

Social balance

Average headcount (FTE)9087241.7227.0▼

The notes to these accounts (77 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Financial 5Gazette 1Filings 10

2025

04-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Weakest financial yearnet €419k ▼65.1%

Net result drops to €419k, the lowest in the series.

03-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €10MEq €10.37M ▲10.8%

6 profitable years in a row build equity to €10.37M.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 30 days late

2022

31-12

Financial Highest result since 2018net €7.47M ▲24%

Operating result €8.65M, net result €7.47M, both a record.

21-11

State Gazette act Board meeting · Capital increase

Share issue · Capital

25-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 25 days late

2021

31-12

Financial Equity above €10MEq €11.31M ▲112%

4 profitable years in a row build equity to €11.31M.

13-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Equity above €5MEq €5.34M ▲32.7%

3 profitable years in a row build equity to €5.34M.

30-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 61 days late

2019

16-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

04-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

10-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

06-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

18 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, Tournai · 13 establishment units since 2008

establishment approximate 11 of 13 establishment units 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.

Rue des Sablières(BL) 77522 Tournai

Ground area

23.3 ha

Building footprint

11.5 ha

Volume, LiDAR

1,307,575 m³

9 parcels, Wallonia · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.

13 establishment units

BLANDAIN 3

Rue du Bois des Hospices(BL) 6, 7522 TournaiWarehousing and storage

since 20082.236.717.951

BLANDAIN 24

Rue du Bois des Hospices(BL) 4, 7522 TournaiWarehousing and storage

since 20082.236.718.644

Rue des Sablières(BL) 5, 7522 Tournai

Warehousing and storage

since 20082.307.495.782

Rue des Sablières(BL) 7, 7522 Tournai

Warehousing and storage

since 20082.173.137.619

BLANDAIN 2B

Rue des Sablières(BL) 9, 7522 TournaiWarehousing and storage

since 20112.236.719.337

ORCQ 2

Rue de la Grande Couture(MAR) 9, 7522 TournaiWarehousing and storage

since 20122.236.718.248

Show 7 more locations

Rue de l'Ancienne Potence(OR) 8, 7501 Tournai

Warehousing and storage

since 20152.307.495.188

SEDIS 15

Rue de l'Ancienne Potence(OR) 10b, 7501 TournaiWarehousing and storage

since 20172.307.495.584

Sedis 27

Rue de la Terre à Briques 16, 7503 TournaiWarehousing and storage

since 20182.358.355.159

Rue de l'Ancienne Potence(OR) 6, 7501 Tournai

Warehousing and storage

since 20182.307.495.089

Rue du Petit Tilleul 10, 7522 Tournai

Warehousing and storage

since 20202.307.496.178

Sedis 16

Rue de l'Ancienne Potence(OR) 28, 7501 TournaiWarehousing and storage

since 20222.358.355.258

Parc d’activité Polaris

Rue du Grand vent SN, 7600 PéruwelzWarehousing and storage

since 20262.391.752.655

9 parcels

Wallonia 9 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57050A0195/00K000	Wallonia	5.2 ha	1 · 2,787 m²	12.3 m · 4 fl.
57060A0012/00C000	Wallonia	4.6 ha	1 · 4.6 ha	16.2 m · 5 fl.
57060A0016/00E000	Wallonia	3.0 ha	1 · 1.7 ha	-
57060A0010/00E000	Wallonia	2.5 ha	1 · 19 m²	12.6 m · 3 fl.
57008D0179/00E000	Wallonia	2.4 ha	1 · 1.1 ha	14.3 m · 4 fl.
57060A0015/00K000	Wallonia	2.2 ha	1 · 1.9 ha	16.6 m · 5 fl.
57008D0179/00X002	Wallonia	1.9 ha	1 · 1.2 ha	14.3 m · 4 fl.
57008D0179/00Y000	Wallonia	1.0 ha	1 · 7,360 m²	13.0 m · 3 fl.
57064B0759/00E000	Wallonia	3,773 m²	1 · 31 m²	-