Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of WM Logistics is 2.2% (moderate). The 2024 annual accounts show equity of €3.47M and a net result of €711k. Its solvency ranks better than 35% of 104 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2024 | 31-07-2025 | 29-08-2025 | 29 d late | 2025-00432151 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsYoung company
Founded in 2024, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.2%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€29.73M
EBIT margin3.1%
Net result€711k
Working capital€651k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · volledig
Sector comparison
Fiscal year 2024 · NACE 52 · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 18.8% | 26.9% | |
| Net result | €711k | €33k | |
| Equity | €3.47M | €418k | |
| Staff costs | €1.00M | €677k | |
| Employees (FTE) | 15.8 | 16.5 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €29.73M |
| EBITDA | €1.12M |
| Net profit | €711k |
| Cash flow | €898k |
| Staff costs | €1.00M |
| Income taxes | €274k |
| Dividends | - |
| Total assets | €18.50M |
| Equity | €3.47M |
| Debt | €15.03M |
| of which ≤ 1y | €12.42M |
| of which > 1y | €2.59M |
| Working capital | €651k |
| Employees (FTE) | 15.8 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.05 |
| Quick ratio | 1.05 |
| Working capital ratio | 3.5% |
| Solvency | 18.8% |
| Debt / equity | 4.33 |
| Long-term debt ratio | 0.75 |
| Interest coverage | 12.79 |
| Gross margin | 26.6% |
| Net margin | 2.4% |
| ROA | 3.8% |
| ROE | 20.5% |
| EBITDA margin | 3.8% |
| Days sales outstanding | 138d |
| Days payable outstanding | 190d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €18.50M |
| Fixed assets | 21/28 | €5.43M |
| Tangible fixed assets | 22/27 | €3.53M |
| Financial fixed assets | 28 | €1.90M |
| Current assets | 29/58 | €13.07M |
| Amounts receivable within one year | 40/41 | €13.00M |
| Cash & bank | 54/58 | €48k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €18.50M |
| Equity | 10/15 | €3.47M |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €3.36M |
| Accumulated profits (losses) | 14 | €96k |
| Amounts payable | 17/49 | €15.03M |
| Amounts payable after one year | 17 | €2.59M |
| Amounts payable within one year | 42/48 | €12.42M |
| Trade debts payable within one year | 44 | €11.34M |
| Income statement | ||
| Turnover | 70 | €29.73M |
| Operating result | 9901 | €930k |
| Financial income | 75 | €169k |
| Financial charges | 65 | €113k |
| Result before taxes | 9903 | €986k |
| Income taxes | 67/77 | €274k |
| Net result for the period | 9904 | €711k |
| Result to be appropriated | 9905 | €711k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed70
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
1 director4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
Current06-06-2025 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Opslag(52100) |
| Legal form | Private limited company(610) |
| Incorporation | 01-08-2024 |
| Status | Active |
| Postal code | 2490 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationWM Logistics
since 20242.364.379.948
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area666 m²
Buildings1
Building footprint623 m²
Volume (LiDAR)3,879 m³
Tallest building8.4 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003A1157/00D002 | Flanders | 666 m² | 1 · 623 m² | 8.4 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
4 acts Address history · 1
06-05-2026
Seat change: to: Molsesteenweg 8, 2490 Balen, from: Acaciastraat 23, 2440 Geel, effective_date: 2025-11-18
All acts · 4
updated 3 months ago
2026
06-05-2026 Seat change · General meeting · Act object
- Seat change: to: Molsesteenweg 8, 2490 Balen, from: Acaciastraat 23, 2440 Geel, effective_date: 2025-11-18 · WM Logistics
- General meeting: date: 2025-11-18, type: buitengewone algemene vergadering · WM Logistics
- Filing: date: 2026-04-20, location: ONDERNEMINGSRECHTBANK Antwerpen, afdeling TURNHOUT · WM Logistics
- Publication: date: 2026-05-06 · WM Logistics
- Act object: Verplaatsing maatschappelijke zetel
Summary:
Seat change · General meeting · Act object
2025
20-08-2025 Roel Smets appointed as director
02-01-2025 Articles of association amended
Summary:
v3.2
2024
05-08-2024 Incorporation of a new BV
Summary:
oprichting
Analysis
Financial profile
4 of 5 axes measured54
/ 100
Mixed profile: strong on health, weaker on solvency.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
70
Profitability
52
Solvency
25
Growth
-
Stability
67
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 137 of the 1,027 companies in this sector. 50 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Opslag in koelpakhuizen en overige opslag52100Opslag52100Verpakkingsbedrijven82920Activiteiten van verpakkingsbedrijven82920
Primary activity highlighted.
Names & trade names
| Legal nameNL | WM Logistics |
Registered office
Molsesteenweg 8
2490 Balen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.