TLD LOGISTICS
ActiveTLD LOGISTICS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €43k. Equity is shrinking by ~27.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 24% of 11112 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency16▼-22
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.72 in 2024), and 92.4% of the assets are financed with debt.
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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
7.6%
Return on assets
19.9%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 11112 sector peers (2025).
NBB · sector comparisonPosition among 11112 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
35 d early
2023
30 d early
2022
31 d late
2021
17 d early
2020
19 d late
2019
91 d late
← before the deadline
after the deadline →
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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k
2024 · €-27k
2018: €28k
2019: €60k
2020: €67k
2021: €58k
2022: €37k
2023: €21k
2024: €-27k
2018 → 2025
Total assets
€217k▲ 220%
2024 · €68k
2018: €125k
2019: €134k
2020: €148k
2021: €120k
2022: €71k
2023: €47k
2024: €68k
2018 → 2025
Net result
€43k▲ 572%
2024 · €6k
2018: €27k
2019: €32k
2020: €7k
2021: €-9k
2022: €-21k
2023: €-16k
2024: €6k
2018 → 2025
Working capital
€-740▲ 97.2%
2024 · €-27k
2018: €34k
2019: €51k
2020: €35k
2021: €35k
2022: €29k
2023: €19k
2024: €-27k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€37k▼ 36.1%€21k▼ 42.4%€-27k€17k
Operating result€-7k-€-22k▼ 223%€-12k▲ 43.7%€7k€92k▲ 1,182%
Net result€-9k-€-21k▼ 141%€-16k▲ 25.0%€6k€43k▲ 572%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1,182% above 2024 and is the highest year so far.
Balance-sheet composition
Assets €217k
Fixed assets
€29k
Current assets
€189k
Equity and liabilities €217k
Equity
€17k
Debt
€201k
Debt finances 92.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€95k▲
2024 · €10k
Cash flow
€46k▲
2024 · €9k
Solvency
7.6%▲
2024 · -39.3%
Current ratio
1.00▲
2024 · 0.72
Quick ratio
1.00▲
2024 · 0.72
Debt / equity
12.12▲
2024 · -3.55
ROE
261.1%▲
2024 · -24.1%
ROA
19.9%▲
2024 · 9.5%
Interest coverage
18.58▲
2024 · 1.81
Debt
€201k▲
2024 · €95k
Debt ≤ 1 year
€190k▲
2024 · €95k
Debt > 1 year
€11k
Income taxes
€8k
Staff costs
€308k▲
2024 · €76k
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€68k€217k▲
Fixed assets21/28-€29k
Tangible fixed assets22/27-€29k
Plant, machinery and equipment23-€23k
Furniture and vehicles24-€6k
Current assets29/58€68k€189k▲
Amounts receivable within one year40/41€57k€182k▲
Trade receivables40€28k€136k▲
Other amounts receivable41€29k€46k▲
Cash at bank and in hand54/58€11k€7k▼
Equity and liabilities
Total equity and liabilities10/49€68k€217k▲
Equity10/15€-27k€17k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-47k€-4k▲
Amounts payable17/49€95k€201k▲
Amounts payable after more than one year17-€11k
Financial debts170/4-€11k
Amounts payable within one year42/48€95k€190k▲
Current portion of amounts payable after more than one year42-€5k
Trade debts44€6k€93k▲
Suppliers440/4€6k€93k▲
Taxes, remuneration and social security45€35k€91k▲
Taxes450/3€21k€53k▲
Remuneration and social security454/9€14k€38k▲
Other amounts payable47/48€54k-
Income statement
Code20242025
Remuneration, social security and pensions62€76k€308k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€87k€406k▲
Operating profit (loss)9901€7k€92k▲
Financial income75/76B€5k€1k▼
Recurring financial income75€5k€1k▼
Financial charges65/66B€5k€42k▲
Recurring financial charges65€5k€5k▼
Non-recurring financial charges66B-€37k
Profit (loss) for the period before taxes9903€6k€51k▲
Income taxes67/77-€8k
Profit (loss) for the period9904€6k€43k▲
Profit (loss) for the period to be appropriated9905€6k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-47k€-4k▲
Profit (loss) brought forward from the previous period14P€-54k€-47k▲
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2018net €43k ▲572%
Operating result €92k, net result €43k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
Have them read with priority
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Directors · office · real estate
Directors
no sitting director, last change in 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-01-2025
Resigned as Director
Not every act has been read: a resignation may be missing here
4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ninove · 1 establishment unit since 1998
Ground area
1.6 ha
Building footprint
6,751 m²
Volume, LiDAR
13,291 m³
Parcel 41049A0804/00K000, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TLD LOGISTICS
since 19982.087.702.195
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41049A0804/00K000 | Flanders | 1.6 ha | 2 · 6,751 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,122 companies in sector 46711 we hold annual accounts for 1,122. 552 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-04-1998
Fiscal year end31-12
Activities, NACEBEL
46711Wholesale of cars and light vans (up to 3.5 tonnes)
49410Freight transport by road
50101
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46496Wholesale trade
47632Retail sale of bicycles
47762Retail sale of pets, pet food and pet supplies
47785Retail trade
50103
51476
52492
52496
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.