Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
AIT Worldwide Logistics Belgium from Antwerpen, company number BE0404527810, closed financial year 2024 with a result of € -322,568 after tax. For that financial year AIT Worldwide Logistics Belgium recorded revenue of € 6.6 million and equity of € 1.5 million. Compared with financial year 2023, the result moved from € -946,671 to € -322,568. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2025.
€ 1.5 million
▲ € 1.2 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -322,568
▲ 66 % less loss than in 2023
Profit after tax over the fiscal year.
€ 2.4 million
▼ 20% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -194,395.
People and assets in 2024
15.6
▲ 0.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
€ 111,700 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.
€ 29,156
▼ 2% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 1.2 million
▼ 56% vs 2023
Loans from banks and other lenders, long and short.
€ 924,205
▼ 12% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 55 days on average.
€ 368,921
▼ 27% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 5,762,231 | € 7,379,655 | € 6,410,150 | € 6,631,345 | ▲ 3% |
| Profit after taxes | € 54,484 | € -126,732 | € -946,671 | € -322,568 | ▲ € 624,102 |
| Equity | € 301,576 | € 174,844 | € 328,173 | € 1,505,605 | ▲ € 1.2 million |
| Total debts | € 1,685,955 | € 1,810,483 | € 4,341,969 | € 2,617,645 | ▼ 40% |
| Cash | € 395,632 | € 442,146 | € 3,031,699 | € 2,420,256 | ▼ 20% |
| Retained profit | € 201,576 | € 74,844 | € -871,827 | € -194,395 | ▲ € 677,432 |
| Bank debt | € 282,415 | € 731,340 | € 2,781,274 | € 1,231,579 | ▼ 56% |
| Balance sheet total | € 1,987,532 | € 1,985,327 | € 4,670,143 | € 4,123,250 | ▼ 12% |
| Employees (FTE) | 10.2 | 14.4 | 15.4 | 15.6 | ▲ 0.2 |
Key figures of AIT Worldwide Logistics Belgium, 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 AIT Worldwide Logistics Belgium?
What happened at AIT Worldwide Logistics Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kory GLEN stepped down as director. NBB
- Raymond FENNELLY stepped down as director. NBB
- William MOORE stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 322,568. Source: NBB ↗
- Christine VAN GEESBERGHEN stepped down as director. NBB
- Christine VAN GEESBERGHEN became a director. NBB
- Kory GLEN became a director. NBB
- Raymond FENNELLY became a director. NBB
In short
From € 54,484 profit in 2021 to € 322,568 loss in 2024.
Paid € 7,234 in corporate taxes since 2021.
Best year ever: 2021, with € 54,484 profit.
Pays suppliers within 55 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Mertus 686 GmbH (100%).
Directors
According to the 2024 annual accounts
Kory GLEN
Director
since 2021 · until 2027
Raymond FENNELLY
Director
since 2021 · until 2027
William MOORE
Director
since 2021 · until 2027
Christine VAN GEESBERGHEN
Administrator-manager
since 2024 · until 2024
Shareholders
Mertus 686 GmbH
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Goteborgweg 2
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0404.527.810
- VAT number
- BE 0404.527.810
- Registered office
- Goteborgweg 2, 2030 Antwerpen
- Names & denominations
- AIT Worldwide Logistics Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 May 1930
- Peppol
- Active · Active since 5 Jun 2026
- Activities · NACE
Expeditiekantoren
Logistieke diensten
Overige vervoerondersteunende activiteiten