V.B. LOGISTICS

Active

Public limited companyfounded 1987active for 38 yearsEuropalaan 31, 3900 Pelt, BelgiumKBO/BCE: BE 0433.222.388

From the official registers: KBO 36 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of V.B. LOGISTICS is 1.6% (moderate). The 2024 annual accounts show equity of €1.2m and a net result of €1.1m. Equity is growing by about 3.3% per year across the filed financial years. Its solvency ranks better than 11% of 759 sector peers (NACE 25, financial year 2024). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

V.B. LOGISTICSActiveChecked score 54/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 24-12-1987 Normal situation
Legal form: Public limited company
Registered office: Europalaan 31, 3900 Pelt
Activity: Coating of metals NACE 25510and 2 others
Establishment unit: 2.034.157.702 3900 Pelt, since 12-02-1988
Financial year end: 31 December
Peppol: Reachable since 04-07-2025

Company details

Who decides

Board

AVALORManaging director · permanent representative Michiel Avontuur
HERCULES INVEST NVDirector · since 24-02-2022
JoWe Beheer BVDirector · since 24-02-2022

Auditor: Foederer Bedrijfsrevisoren

Shareholders

BALAK INDUSTRIES100%annual accounts 2024

Board & ownership

How it is doing

54 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 1.6%

Annual accounts 2024

Turnover: €2.1m; ▼ 12.3%
Profit: €1.1m; ▼ 10.1%
Equity: €1.2m; ▼ 82.2%
Total assets: €12.9m; ▲ 7.8%

2025 accounts not filed, 93 days past the deadline

Filed on 10-07-2025PDF

Financials

Why 54raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 10-07-2025)Liquidity: current ratio 0.45, cash €65,889, halvedEquity €1.2m (9.6% of total assets)lowers riskSize: turnover €2.1m, total assets €12.9mShow the evidence

Checked score

Score 2024

54 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 29% of its sector peers (NACE 25, medium-sized)

A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Average

Solvency 35-48

equity 9.6% of total assets

Liquidity 19-50

short-term debt 61.4% · cash 0.5%

Profitability 86-2

return on assets 8.5%

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (132 companies, NACE 25, medium-sized)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.3 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.8%▲ +0.4 percentage points vs 07-2026 09-2026: 1.0%▲ +0.2 percentage points vs 08-2026 10-2026: 1.6%▲ +0.6 percentage points vs 09-2026highest value

Credit of up to €65,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity insufficient (current ratio 0.45, compared with 2.57 in 2023, below 1; short-term debt: 61.4% and cash: 0.5% of total assets), and 90.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, medium-sized): better than 8% on solvency, 10% on liquidity, 87% on profitability and 9% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Seven signals.

lowers riskraises riskneutral

Figures for financial year 2024 (filed 10-07-2025)

NBB · annual accounts

Liquidity: current ratio 0.45, cash €65,889, halved

NBB · annual accounts

Size: turnover €2.1m, total assets €12.9m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Equity €1.2m (9.6% of total assets)

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 759 sector peers (2024).

NBB · sector comparison

Position among 759 sector peers

Solvency

better than 11%

← weakest strongest →

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline01-11-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

21 days early

2023

18 days early

2022

27 days early

2021

31 days early

2020

5 days early

2019

14 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 19 days before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: Equity fell in 2024from €6.9m to €1.2m ▼ 82.2% View
Caution: Among the weakest 11% on solvencysector median 42.7% · 759 companies 9.6% View
Positive: 7 profitable years in a rowprofit 2024: €1.1m 7 years View

Documents

Key facts about V.B. LOGISTICS

What is the company number of V.B. LOGISTICS?: 0433.222.388. In Belgium the VAT number is the company number with BE in front: BE 0433.222.388.
Where is V.B. LOGISTICS based?: The registered office is at Europalaan 31, 3900 Pelt.Company details
What does V.B. LOGISTICS do?: According to the KBO register, the main activity is coating of metals (NACE 25510).
What is the legal form of V.B. LOGISTICS?: Public limited company (NV).
When was V.B. LOGISTICS founded?: On 24-12-1987.
Is V.B. LOGISTICS still active?: Yes, V.B. LOGISTICS is an active enterprise in the KBO register.
How many employees does V.B. LOGISTICS have?: On average 2.4 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
What is the turnover of V.B. LOGISTICS?: €2.1m in financial year 2024, according to the filed annual accounts.
Is V.B. LOGISTICS profitable?: In financial year 2024, V.B. LOGISTICS made a profit of €1.1m.
Where can I find the annual accounts of V.B. LOGISTICS?: V.B. LOGISTICS filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)