What does Belex Air Freight do?

Belex Air Freight is a logistics company in Brussel. Public Limited, started on 1 January 1960, 2 establishments.

What is the address of Belex Air Freight?

The registered office of Belex Air Freight is located at Haachtsesteenweg 1313, 1130 Brussel.

Is Belex Air Freight still active?

Yes. According to the CBE (31 October 2026) Belex Air Freight is active, legal situation “Normale toestand”, started on 1 January 1960.

Is Belex Air Freight registered on Peppol?

Yes, Belex Air Freight is registered on the Peppol network with ID 0208:0401846254.

What is the enterprise number of Belex Air Freight?

The enterprise number of Belex Air Freight is BE0401846254.

When was Belex Air Freight founded?

Belex Air Freight was founded on 1 January 1960.

Who are the directors of Belex Air Freight?

According to the 2025 annual accounts, the directors of Belex Air Freight are: Renaud KEGELEIRS, Michel KEGELEIRS, Céline KEGELEIRS.

Is Belex Air Freight a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1960; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account; 2 establishments in the CBE.

How much profit did Belex Air Freight make in 2025?

Belex Air Freight recorded a loss after taxes of € 352 in financial year 2025.

What is the revenue of Belex Air Freight?

As a small company, Belex Air Freight is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,826,757.

How much does an employee at Belex Air Freight earn?

The average wage cost per full-time employee at Belex Air Freight was € 58,900 in 2025: staff costs of € 1.4 million for 24.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Belex Air Freight have?

According to the 2025 annual accounts, Belex Air Freight has 24.6 full-time equivalents (FTE).

Belex Air Freight (Public Limited) - Brussel

Dossier Belex Air Freight, printed on 1 November 2026 from databakkes.be/en/0401846254/belex-air-freight. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Belex Air Freight from Brussel, company number BE0401846254, closed financial year 2025 with a result of € -352 after tax. For that financial year Belex Air Freight recorded a gross margin of € 1.8 million and equity of € 992,232. Compared with financial year 2024, the result moved from € 25,233 to € -352. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 14, 2026.

What it is worth Healthy

€ 992,232

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -352

▼ still € 25,233 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 308,519

▲ 5% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 367,232.

People and assets in 2025

Full-time equivalents

24.6

▼ 0.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.4 million

▲ 2% vs 2024

€ 58,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 162,888

▲ 30% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 114,151

▼ 68% vs 2024

€ 45,240 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 1.2 million

▲ 15% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 147,556

▲ 29% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,373,594 Gross margin 2022: € 1,373,594 First fiscal year in the series	€ 1,527,941 Gross margin 2023: € 1,527,941 ▲ 11% vs 2022 (€ 1,373,594) Favourable step	€ 1,619,025 Gross margin 2024: € 1,619,025 ▲ 6% vs 2023 (€ 1,527,941) Favourable step	€ 1,826,757 Gross margin 2025: € 1,826,757 ▲ 13% vs 2024 (€ 1,619,025) Favourable step	▲ 13%
Profit after taxes	€ 108,826 Profit after taxes 2022: € 108,826 First fiscal year in the series	€ 14,165 Profit after taxes 2023: € 14,165 ▼ 87% vs 2022 (€ 108,826) Unfavourable step	€ 25,233 Profit after taxes 2024: € 25,233 ▲ 78% vs 2023 (€ 14,165) Favourable step	€ -352 Profit after taxes 2025: € -352 ▼ € 25,585 vs 2024 (€ 25,233) Unfavourable step	▼ € 25,585
Equity	€ 953,187 Equity 2022: € 953,187 First fiscal year in the series	€ 967,352 Equity 2023: € 967,352 ▲ 1% vs 2022 (€ 953,187) Favourable step	€ 992,585 Equity 2024: € 992,585 ▲ 3% vs 2023 (€ 967,352) Favourable step	€ 992,232 Equity 2025: € 992,232 Unchanged (€ 992,585) Unfavourable step
Total debts	€ 1,643,893 Total debts 2022: € 1,643,893 First fiscal year in the series	€ 1,686,925 Total debts 2023: € 1,686,925 ▲ 3% vs 2022 (€ 1,643,893) Unfavourable step	€ 1,570,960 Total debts 2024: € 1,570,960 ▼ 7% vs 2023 (€ 1,686,925) Favourable step	€ 1,570,680 Total debts 2025: € 1,570,680 Unchanged (€ 1,570,960) Favourable step
Cash	€ 268,350 Cash 2022: € 268,350 First fiscal year in the series	€ 338,616 Cash 2023: € 338,616 ▲ 26% vs 2022 (€ 268,350) Favourable step	€ 292,577 Cash 2024: € 292,577 ▼ 14% vs 2023 (€ 338,616) Unfavourable step	€ 308,519 Cash 2025: € 308,519 ▲ 5% vs 2024 (€ 292,577) Favourable step	▲ 5%
Land & buildings	€ 195,521 Land & buildings 2022: € 195,521 First fiscal year in the series	€ 193,489 Land & buildings 2023: € 193,489 ▼ 1% vs 2022 (€ 195,521) Unchanged	€ 204,773 Land & buildings 2024: € 204,773 ▲ 6% vs 2023 (€ 193,489) Unchanged	€ 200,078 Land & buildings 2025: € 200,078 ▼ 2% vs 2024 (€ 204,773) Unchanged	▼ 2%
Retained profit	€ 328,187 Retained profit 2022: € 328,187 First fiscal year in the series	€ 342,352 Retained profit 2023: € 342,352 ▲ 4% vs 2022 (€ 328,187) Favourable step	€ 367,585 Retained profit 2024: € 367,585 ▲ 7% vs 2023 (€ 342,352) Favourable step	€ 367,232 Retained profit 2025: € 367,232 Unchanged (€ 367,585) Unfavourable step
Dividend	€ 92,000 Dividend 2022: € 92,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 92,000) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 306,035 Bank debt 2022: € 306,035 First fiscal year in the series	€ 498,876 Bank debt 2023: € 498,876 ▲ 63% vs 2022 (€ 306,035) Unfavourable step	€ 352,132 Bank debt 2024: € 352,132 ▼ 29% vs 2023 (€ 498,876) Favourable step	€ 114,151 Bank debt 2025: € 114,151 ▼ 68% vs 2024 (€ 352,132) Favourable step	▼ 68%
Balance sheet total	€ 2,597,080 Balance sheet total 2022: € 2,597,080 First fiscal year in the series	€ 2,654,277 Balance sheet total 2023: € 2,654,277 ▲ 2% vs 2022 (€ 2,597,080) Unchanged	€ 2,563,544 Balance sheet total 2024: € 2,563,544 ▼ 3% vs 2023 (€ 2,654,277) Unchanged	€ 2,562,912 Balance sheet total 2025: € 2,562,912 Unchanged (€ 2,563,544) Unchanged
Employees (FTE)	25.8 Employees (FTE) 2022: 25.8 First fiscal year in the series	26.4 Employees (FTE) 2023: 26.4 ▲ 0.6 vs 2022 (25.8) Unchanged	25.2 Employees (FTE) 2024: 25.2 ▼ 1.2 vs 2023 (26.4) Unchanged	24.6 Employees (FTE) 2025: 24.6 ▼ 0.6 vs 2024 (25.2) Unchanged	▼ 0.6

Key figures of Belex Air Freight, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Belex Air Freight?

What happened at Belex Air Freight in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Oct 14, 2026 New annual accounts for financial year 2025: loss of € 352 (▼ € 25,585 vs 2024). filed late Source: NBB ↗
Jan 1, 2006 New establishment in Brussel. KBO
Sep 1, 1960 New establishment in Brussel. KBO
Jan 1, 1960 Start of the company according to the CBE. KBO

In short

From € 108,826 profit in 2022 to € 352 loss in 2025.

Paid € 147,542 in corporate taxes since 2022.

Best year ever: 2022, with € 108,826 profit.

On average € 74,300 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Renaud KEGELEIRS

Michel KEGELEIRS

Céline KEGELEIRS

Belex Air Freight

BELEX CARGO sa 49%

Behind Belex Air Freight are Renaud KEGELEIRS, Michel KEGELEIRS and Céline KEGELEIRS. It owns 49% of BELEX CARGO sa itself.

Directors

According to the 2025 annual accounts

Renaud KEGELEIRS

Director

Michel KEGELEIRS

Director

Céline KEGELEIRS

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Haachtsesteenweg 1313

1130 Brussel

2.157.570.802

Vilvoordsesteenweg 142

1120 Brussel

Active since 1 January 2006

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

Belex-Cargo S.A. same network

€ 402,265 gross margin · 2025

SOMIKA

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0401.846.254

VAT number

BE 0401.846.254

Registered office

Haachtsesteenweg 1313, 1130 Brussel

Names & denominations

Belex Air Freight · B.A.F.

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 January 1960

Peppol

Active · Active since 21 Oct 2026

Activities · NACE

Logistieke diensten

Overige vervoerondersteunende activiteiten

View on CBE Public ↗ Annual accounts (NBB) ↗

Belex Air Freight

Financials

What happened to Belex Air Freight?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions