Financials
Financial year 2025
Transport Herve from Zulte, company number BE0402459037, closed financial year 2025 with a result of € -88,350 after tax. For that financial year Transport Herve recorded revenue of € 15.2 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 184,546 to € -88,350. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 1.5 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -88,350
▼ still € 184,546 profit in 2024
Profit after tax over the fiscal year.
€ 539,464
▲ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.3 million.
People and assets in 2025
84.7
▲ 8.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5 million
▲ 54% vs 2024
€ 59,200 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.
€ 4 million
▼ 10% vs 2024
Of which on lease € 3.8 million.
Debts at end 2025
€ 4.2 million
▼ 9% vs 2024
€ 1.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.8 million
▲ 196% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 70 days on average.
€ 877,662
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,428,583 | € 13,252,206 | € 10,752,029 | € 15,190,003 | ▲ 41% |
| Profit after taxes | € 842,736 | € 602,125 | € 184,546 | € -88,350 | ▼ € 272,896 |
| Equity | € 1,423,513 | € 1,425,638 | € 1,610,184 | € 1,521,834 | ▼ 5% |
| Total debts | € 3,169,948 | € 6,451,288 | € 6,330,879 | € 6,908,669 | ▲ 9% |
| Cash | € 550,107 | € 1,213,535 | € 486,644 | € 539,464 | ▲ 11% |
| Retained profit | € 1,173,513 | € 1,175,638 | € 1,360,184 | € 1,271,834 | ▼ 6% |
| Dividend | € 840,000 | € 600,000 | € 0 | € 0 | |
| Bank debt | € 1,197,743 | € 4,348,852 | € 4,645,348 | € 4,211,853 | ▼ 9% |
| Balance sheet total | € 4,593,461 | € 7,876,927 | € 7,941,063 | € 8,430,503 | ▲ 6% |
| Employees (FTE) | 71.9 | 75.7 | 75.9 | 84.7 | ▲ 8.8 |
Key figures of Transport Herve, fiscal years 2023 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 Transport Herve?
What happened at Transport Herve in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michael Meyers stepped down as director. NBB
- Elizabeth Gildea stepped down as director. NBB
- De Meimeersen nv stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 88,350 (▼ € 272,896 vs 2024). Source: NBB ↗
- Michael Meyers became a director. NBB
- De Drie Essen nv stepped down as director. NBB
- Elizabeth Gildea became a director. NBB
- Rai Hardip stepped down as director. NBB
In short
From € 842,736 profit in 2023 to € 88,350 loss in 2025.
Paid € 94,277 in corporate taxes since 2023.
Best year ever: 2023, with € 842,736 profit.
Paid out € 1.4 million in dividends to the owners in total.
Management
The stake of FRABER LOGISTICS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Transport HerveThe shares are held by FRABER LOGISTICS (100%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
since 2025 · until 2030
Director · represented by Bernard Van Colenberghe
Also active at: FRABER LOGISTICS, HERVE COLDSTORE, VANCO BELGIUM
since 2024 · until 2025
Rai Hardip
Managing director
Also active at: FRABER LOGISTICS, HERVE COLDSTORE, NORTHFREEZE, DE NOORDRIJ, NORTRAFFIC FOOD SERVICE, NORTRAFFIC
since 2024 · until 2025
Director · represented by Frank Van Colenberghe
Also active at: FRABER LOGISTICS, HERVE COLDSTORE, VANCO BELGIUM
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Waalstraat 290
9870 Zulte
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.459.037
- VAT number
- BE 0402.459.037
- Registered office
- Waalstraat 290, 9870 Zulte
- Names & denominations
- Transport Herve
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 May 1965
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- transportherve.be [email protected]
- Activities · NACE
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