Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
Ziegler from Brussel, company number BE0403480507, closed financial year 2024 with a result of € -1.6 million after tax. For that financial year Ziegler recorded revenue of € 129.4 million and equity of € 26.1 million. Compared with financial year 2023, the result moved from € -1.2 million to € -1.6 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 11, 2025.
€ 26.1 million
▲ 15% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▼ 36 % more loss than in 2023
Profit after tax over the fiscal year.
€ 433,855
▼ 81% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.4 million.
People and assets in 2024
324
▼ 11.9 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 22.9 million
▼ 7% vs 2023
€ 70,800 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.
€ 11.2 million
▼ 31% vs 2023
Of which on lease € 10.6 million.
Debts at end 2024
€ 41.4 million
▼ 11% vs 2023
€ 3 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 32.6 million
▲ 1% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 100 days on average.
€ 12.1 million
▲ 23% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 156,237,348 | € 191,349,899 | € 138,454,340 | € 129,373,225 | ▼ 7% |
| Profit after taxes | € 166,789 | € 438,159 | € -1,169,579 | € -1,592,966 | ▼ € 423,387 |
| Equity | € 23,386,539 | € 9,024,698 | € 22,653,981 | € 26,062,158 | ▲ 15% |
| Total debts | € 90,836,632 | € 107,446,949 | € 94,568,866 | € 91,727,184 | ▼ 3% |
| Cash | € 1,182,241 | € 3,185,348 | € 2,293,048 | € 433,855 | ▼ 81% |
| Land & buildings | € 11,917,096 | € 8,954,428 | € 8,549,944 | € 8,000,022 | ▼ 6% |
| Retained profit | € 4,706,326 | € 5,144,484 | € 3,974,905 | € 2,381,939 | ▼ 40% |
| Bank debt | € 41,254,568 | € 58,531,484 | € 46,628,592 | € 41,358,759 | ▼ 11% |
| Balance sheet total | € 118,333,543 | € 120,002,405 | € 120,529,731 | € 120,610,803 | |
| Employees (FTE) | 303.5 | 331.4 | 335.9 | 324 | ▼ 11.9 |
Key figures of Ziegler, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Ziegler?
What happened at Ziegler in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Ziegler is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 1.6 million. Source: NBB ↗
- New establishment in Braine-l'Alleud. KBO
- Johan De Brauwer became a director. NBB
- New establishment in Brugge. KBO
- New establishment in Grâce-Hollogne. KBO
- New establishment in Brugge. KBO
- New establishment in Grimbergen. KBO
- New establishment in Antwerpen. KBO
In short
From € 166,789 profit in 2021 to € 1.6 million loss in 2024.
Paid € 2 million in corporate taxes since 2021.
Best year ever: 2022, with € 438,159 profit.
Pays suppliers within 100 days on average.
Management
The stake of Intertrans, LEMAN, Universal Express, SOSTRANA, Dimo, Z IMMO, IMMO ACTION comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ZieglerBehind Ziegler are DILIGENCIA CONSULT SRL, Charlotte ZIEGLER, Alain ZIEGLER and Johan De Brauwer. The shares are held by Intertrans (16.5%), LEMAN (14%), Universal Express (8%), SOSTRANA (6.3%), Dimo (1%) and Z IMMO (0%). It owns 100% of INACTRANS, 100% of IMMOBILIERE SOCOMANEX, 97.2% of TRANSPORT AHN, 66.7% of DORNACH, 49% of Z LOGISTICS and 40% of Compagnie Ardennaise itself.
Directors
According to the 2024 annual accounts
Director · represented by Diane GOVAERTS
Also active at: COMPAGNIE ARDENNAISE DELCOURT, D'Ieteren Group, Universal Express, Louis De Bie, Carga, Intertrans, Green Ocean Lines, Immobilière Socomanex +13 more
Charlotte ZIEGLER
Director
Alain ZIEGLER
Managing director
Johan De Brauwer
Director
since 2023
Shareholders
Participations
100%
97.2%
66.7%
Z LOGISTICS
49%
BALSPEED FRANCE
37%
34.3%
21.3%
Intertrans Luxembourg
20%
ZIEGLER NEDERLAND
19.9%
18.3%
12.3%
Establishments
Establishment units
Physical locations of this company
Vilvoordsesteenweg 11
1120 Brussel
Vliegveld 747C
1820 Steenokkerzeel
Active since 17 July 1986
Wijngaardveld 34
9300 Aalst
Active since 1 December 1969
Wijngaardveld 3
9300 Aalst
Active since 6 February 1998
Kartuizersweg 6G
2550 Kontich
Active since 22 March 1971
4ème Avenue s/n
6001 Charleroi
Active since 1 September 1937
Wiedauwkaai 7
9000 Gent
Active since 1 September 1937
LAR blok P 53
8930 Menen
Active since 1 June 1950
Lar 1
8930 Menen
Active since 1 June 1950
Rue de Hermée 186
4040 Herstal
Active since 1 September 1937
Rue Mitoyenne 897
4840 Welkenraedt
Active since 1 October 1937
Rue des Fusillés 57
6040 Charleroi
Active since 24 January 2005
Moerstraat 15
2040 Antwerpen
Active since 27 January 2005
Boechoutlaan 107
1853 Grimbergen
Active since 26 June 2012
Kustlaan 180A
8380 Brugge
Active since 1 May 2018
Rue de l'Aéropostale 13
4460 Grâce-Hollogne
Active since 18 March 2019
Karveelstraat 16
8380 Brugge
Active since 1 July 2022
Avenue du Japon 35
1420 Braine-l'Alleud
Active since 15 April 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Satrex
Universal Express same network
€ 5.5 million revenue · 2024
Intertrans same network
€ 62.8 million revenue · 2024
DORNACH same network
€ 2.6 million gross margin · 2024
INACTRANS same network
€ 79,286 gross margin · 2024
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.480.507
- VAT number
- BE 0403.480.507
- Registered office
- Vilvoordsesteenweg 11, 1120 Brussel
- Names & denominations
- Ziegler
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 27 September 1937
- Peppol
- Active · Active since 28 Sept 2026
- Activities · NACE
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
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Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)