Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 6.3 to 5.1.
Financials
Financial year 2025
FRABER LOGISTICS from Zulte, company number BE0407851742, closed financial year 2025 with a result of € 134,974 after tax. For that financial year FRABER LOGISTICS recorded revenue of € 1.8 million and equity of € 5.9 million. Compared with financial year 2024, the result moved from € 1.1 million to € 134,974. The company is profitable. 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 June 25, 2026.
€ 5.9 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 134,974
▼ 88% vs 2024
Profit after tax over the fiscal year.
€ 130,637
▲ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 5.8 million.
People and assets in 2025
5.1
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 434,717
▲ 8% vs 2024
€ 85,200 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.
€ 238,774
▼ 15% vs 2024
Of which on lease € 93,200.
Debts at end 2025
€ 223,375
▼ 29% vs 2024
€ 124,388 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 158,642
▲ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 53 days on average.
€ 100,925
▲ 55% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,323,226 | € 2,712,431 | € 3,215,374 | € 1,764,377 | ▼ 45% |
| Profit after taxes | € 1,849,431 | € 1,164,873 | € 1,105,057 | € 134,974 | ▼ 88% |
| Equity | € 3,468,186 | € 4,654,386 | € 5,759,443 | € 5,894,417 | ▲ 2% |
| Total debts | € 4,328,817 | € 1,360,014 | € 861,578 | € 837,737 | ▼ 3% |
| Cash | € 183,565 | € 290,876 | € 67,205 | € 130,637 | ▲ 94% |
| Land & buildings | € 1,385,037 | € 1,220,261 | € 1,111,373 | € 1,037,252 | ▼ 7% |
| Retained profit | € 3,363,186 | € 4,549,386 | € 5,654,443 | € 5,789,417 | ▲ 2% |
| Dividend | € 1,900,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,158,061 | € 441,088 | € 316,033 | € 223,375 | ▼ 29% |
| Balance sheet total | € 7,943,799 | € 6,123,220 | € 6,716,147 | € 6,814,950 | ▲ 1% |
| Employees (FTE) | 8.2 | 6.3 | 5.7 | 5.1 | ▼ 0.6 |
Key figures of FRABER LOGISTICS, 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 FRABER LOGISTICS?
What happened at FRABER LOGISTICS 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: profit of € 134,974 (▼ 88% 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 € 1.8 million profit in 2022 to € 134,974 profit in 2025.
Paid € 800,522 in corporate taxes since 2022.
Best year ever: 2022, with € 1.8 million profit.
Paid out € 1.9 million in dividends to the owners in total.
Management
The stake of Cube Cold Europe Belgium Bidco comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FRABER LOGISTICSThe shares are held by Cube Cold Europe Belgium Bidco (100%). It owns 100% of Transport Herve and 100% of Herve Coldstore itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2031
since 2025 · until 2030
Director · represented by Bernard Van Colenberghe
Also active at: Transport Herve, HERVE COLDSTORE, VANCO BELGIUM
since 2024 · until 2025
Rai Hardip
Managing director
Also active at: Transport Herve, HERVE COLDSTORE, NORTHFREEZE, DE NOORDRIJ, NORTRAFFIC FOOD SERVICE, NORTRAFFIC
since 2024 · until 2025
Director · represented by Frank Van Colenberghe
Also active at: Transport Herve, HERVE COLDSTORE, VANCO BELGIUM
since 2024 · until 2030
Shareholders
Participations
100%
100%
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
- 0407.851.742
- VAT number
- BE 0407.851.742
- Registered office
- Waalstraat 290, 9870 Zulte
- Names & denominations
- FRABER LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 1970
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Groothandel in groenten en fruit, muv consumptieaardappelen
Groothandel in groenten en fruit
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