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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FLANDERS ROAD SERVICES from Brugge, company number BE0407241236, closed financial year 2025 with a result of € -13,168 after tax. For that financial year FLANDERS ROAD SERVICES recorded revenue of € 35.2 million and equity of € 324,379. Compared with financial year 2024, the result moved from € -256,551 to € -13,168. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 324,379
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,168
▲ 95 % less loss than in 2024
Profit after tax over the fiscal year.
€ 163,501
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -309,746.
People and assets in 2025
51.6
▼ 2.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▲ 4% vs 2024
€ 57,300 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.
€ 2.6 million
▲ 10% vs 2024
Of which on lease € 2.3 million.
Debts at end 2025
€ 2 million
▲ 2% vs 2024
€ 724,477 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 6 million
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 69 days on average.
€ 383,569
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 48,271,990 | € 41,322,726 | € 35,983,243 | € 35,175,234 | ▼ 2% |
| Profit after taxes | € -72,745 | € -87,297 | € -256,551 | € -13,168 | ▲ € 243,384 |
| Equity | € 681,395 | € 594,099 | € 337,547 | € 324,379 | ▼ 4% |
| Total debts | € 9,517,194 | € 8,415,465 | € 8,651,084 | € 8,463,944 | ▼ 2% |
| Cash | € 334,878 | € 121,665 | € 535,653 | € 163,501 | ▼ 69% |
| Retained profit | € 47,270 | € -40,026 | € -296,578 | € -309,746 | ▼ € 13,168 |
| Bank debt | € 1,381,483 | € 2,561,863 | € 1,923,332 | € 1,953,209 | ▲ 2% |
| Balance sheet total | € 10,198,589 | € 9,009,563 | € 8,988,631 | € 8,788,324 | ▼ 2% |
| Employees (FTE) | 54.7 | 56.2 | 54.4 | 51.6 | ▼ 2.8 |
Key figures of FLANDERS ROAD SERVICES, 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 FLANDERS ROAD SERVICES?
What happened at FLANDERS ROAD SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,168. Source: NBB ↗
- Flanders Road Logistics BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Brugge. KBO
In short
From € 72,745 loss in 2022 to € 13,168 loss in 2025.
Paid € 2,458 in corporate taxes since 2022.
Pays suppliers within 69 days on average.
Management
The stake of FLANDERS ROAD LOGISTICS, FLANDERS ROAD INTERMODAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FLANDERS ROAD SERVICESBehind FLANDERS ROAD SERVICES is Flanders Road Logistics BV. The shares are held by FLANDERS ROAD LOGISTICS (100%) and FLANDERS ROAD INTERMODAL.
Directors
According to the 2025 annual accounts
Director · represented by Bram Lokere
since 2022
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Karveelstraat 7
8380 Brugge
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.
Website
Technologies
Domain
Domain
flandersroadservices.com
Registered
2020-01-04
Registrar
Wix.com Ltd.
Expires
2028-01-04
Website info
Features
Details
- Company number
- 0407.241.236
- VAT number
- BE 0407.241.236
- Registered office
- Karveelstraat 7, 8380 Brugge
- Names & denominations
- FLANDERS ROAD SERVICES · FRS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 August 1970
- Peppol
- Active · Active since 18 Nov 2025
- Contact
- flandersroadservices.com
- Activities · NACE
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