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 2024 and 2025.
Financials
Financial year 2025
GXO Logistics Belgium from Asse, company number BE0404801091, closed financial year 2025 with a result of € -4.4 million after tax. For that financial year GXO Logistics Belgium recorded revenue of € 44.9 million and equity of € 33 million. Compared with financial year 2024, the result moved from € -3.1 million to € -4.4 million. 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 July 1, 2026.
€ 33 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.4 million
▼ 42 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1 million
▲ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 25.6 million.
People and assets in 2025
349.6
▲ 14.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 26.7 million
▲ 9% vs 2024
€ 76,300 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.
€ 873,149
▼ 27% vs 2024
Of which on lease € 765,180.
Debts at end 2025
€ 860,167
▼ 33% vs 2024
€ 449,706 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 5.4 million
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 80 days on average.
€ 2.9 million
▼ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 42,637,189 | € 45,232,105 | € 42,803,112 | € 44,900,739 | ▲ 5% |
| Profit after taxes | € -2,628,999 | € 802,041 | € -3,124,996 | € -4,432,590 | ▼ € 1.3 million |
| Equity | € 39,798,996 | € 40,601,037 | € 37,476,041 | € 33,043,452 | ▼ 12% |
| Total debts | € 10,155,906 | € 9,711,504 | € 9,303,426 | € 11,481,557 | ▲ 23% |
| Cash | € 35,777,590 | € 1,303,227 | € 754,136 | € 1,039,546 | ▲ 38% |
| Land & buildings | € 184,163 | € 905,379 | € 637,246 | € 373,272 | ▼ 41% |
| Retained profit | € 32,352,759 | € 33,154,800 | € 30,029,804 | € 25,597,215 | ▼ 15% |
| Bank debt | € 1,855,057 | € 1,710,209 | € 1,285,073 | € 860,167 | ▼ 33% |
| Balance sheet total | € 50,262,131 | € 50,325,274 | € 46,804,355 | € 44,549,897 | ▼ 5% |
| Employees (FTE) | 372.6 | 354.1 | 334.7 | 349.6 | ▲ 14.9 |
Key figures of GXO Logistics Belgium, 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 GXO Logistics Belgium?
What happened at GXO Logistics Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Benedict Saelen stepped down as director. NBB
- Johannes Mattheus Veekens stepped down as director. NBB
- Bouke Laskewitz stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.4 million. Source: NBB ↗
- Benedict Saelen became a director. NBB
- Richard Cawston stepped down as director. NBB
- Bouke Laskewitz became a director. NBB
- Johannes Mattheus Veekens became a director. NBB
In short
From € 2.6 million loss in 2022 to € 4.4 million loss in 2025.
Paid € 342,525 in corporate taxes since 2022.
Best year ever: 2023, with € 802,041 profit.
Pays suppliers within 80 days on average.
Management
The shares are held by GXO Logistics Europe (100%). It owns 100% of GXO Logistics Chemicals Belgium and 100% of GXO Logistics Antwerp Belgium itself.
Directors
According to the 2025 annual accounts
Johannes Mattheus Veekens
Director
since 2023 · until 2029
since 2026 · until 2032
Bouke Laskewitz
Director
since 2024 · until 2029
Richard Cawston
Director
Also active at: GXO Logistics Chemicals Belgium, GXO LOGISTICS ANTWERP BELGIUM, SUPPLIES DISTRIBUTORS, GXO LOGISTICS SERVICES BELGIUM
since 2018 · until 2026
Shareholders
GXO Logistics Europe
100%
Participations
Establishments
Establishment units
Physical locations of this company
Z. 4 Broekooi 160
1730 Asse
Brusselsesteenweg 464
1731 Asse
Active since 6 January 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
gxo.com
Registered
1995-10-15
Registrar
MarkMonitor, Inc.
Expires
2026-10-14
Website info
Features
Security
Network
Details
- Company number
- 0404.801.091
- VAT number
- BE 0404.801.091
- Registered office
- Z. 4 Broekooi 160, 1730 Asse
- Names & denominations
- GXO Logistics Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 March 1959
- Peppol
- Active · Active since 20 Nov 2020
- Contact
- gxo.com 02/4676411
- Activities · NACE
Opslag in koelpakhuizen
Opslag
Goederenvervoer over de weg