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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Shrinking team NBB
FTE fell two years in a row, from 120.8 to 108.5.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GHEERAERT TRANSPORT from Zedelgem, company number BE0415561460, closed financial year 2025 with a result of € -1.4 million after tax. For that financial year GHEERAERT TRANSPORT recorded revenue of € 19.9 million and equity of € 953,117. Compared with financial year 2024, the result moved from € -387,333 to € -1.4 million. The company made a loss. The buffer shrank hard: equity is 59 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 953,117
▼ 59% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.4 million
▼ 254 % more loss than in 2024
Profit after tax over the fiscal year.
€ 256,016
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 270,815.
People and assets in 2025
108.5
▼ 6.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.1 million
▼ 6% vs 2024
€ 65,400 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.
€ 1.3 million
▼ 40% vs 2024
Of which on lease € 805,165.
Debts at end 2025
€ 2.4 million
▼ 28% vs 2024
€ 479,856 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 1.3 million
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 521,778
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 26,260,528 | € 25,266,459 | € 22,234,206 | € 19,865,031 | ▼ 11% |
| Profit after taxes | € -42,191 | € 54,313 | € -387,333 | € -1,372,351 | ▼ € 985,017 |
| Equity | € 2,658,301 | € 2,757,875 | € 2,345,042 | € 953,117 | ▼ 59% |
| Total debts | € 8,534,853 | € 7,414,099 | € 6,132,555 | € 4,658,054 | ▼ 24% |
| Cash | € 1,163,148 | € 1,275,051 | € 308,655 | € 256,016 | ▼ 17% |
| Land & buildings | € 31,370 | € 27,295 | € 23,219 | € 19,144 | ▼ 18% |
| Retained profit | € 1,976,186 | € 2,030,499 | € 1,643,165 | € 270,815 | ▼ 84% |
| Bank debt | € 4,589,557 | € 3,736,269 | € 3,382,757 | € 2,437,036 | ▼ 28% |
| Balance sheet total | € 11,195,654 | € 10,174,474 | € 8,477,596 | € 5,611,171 | ▼ 34% |
| Employees (FTE) | 126.6 | 120.8 | 114.9 | 108.5 | ▼ 6.4 |
Key figures of GHEERAERT TRANSPORT, 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 GHEERAERT TRANSPORT?
What happened at GHEERAERT TRANSPORT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SG worx BV stepped down as director. NBB
- Peter Gheeraert stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.4 million. Source: NBB ↗
- New establishment in Bornem. KBO
- Peter Gheeraert became a director. NBB
- SG worx BV became a director. NBB
- New establishment in Brugge. KBO
- New establishment in Zedelgem. KBO
In short
From € 42,191 loss in 2022 to € 1.4 million loss in 2025.
Paid € 33,830 in corporate taxes since 2022.
Best year ever: 2023, with € 54,313 profit.
Pays suppliers within 35 days on average.
Management
The stake of AUGERE, G-FORCE.BE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GHEERAERT TRANSPORTThe shares are held by AUGERE (50%) and G-FORCE.BE (50%).
Directors
According to the 2025 annual accounts
Managing director · represented by Stijn Gheeraert
Also active at: VERVOERONDERNEMING MARCEL LAMBERTS EN ZONEN, Gheeraert Garage, Transport De Rudder, Warehouse, Gheeraert Distribution
since 2022 · until 2027
Peter Gheeraert
Managing director
Also active at: TRANSPORT EN LOGISTIEK VLAANDEREN, Gheeraert Garage, G-FORCE.BE, Beauforce
since 2023 · until 2027
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Autobaan 10
8210 Zedelgem
Pathoekeweg 140
8000 Brugge
Active since 4 September 2002
Pathoekeweg 136
8000 Brugge
Active since 1 January 2021
Cesar Van Kerckhovenstraat(HIN) 117
2880 Bornem
Active since 1 January 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →VERVOERONDERNEMING MARCEL LAMBERTS EN ZONEN same network
€ 1.2 million gross margin · 2025
Gheeraert Garage same network
€ 1.2 million gross margin · 2025
Transport De Rudder same network
€ 3.4 million gross margin · 2025
Warehouse same network
€ 29.5 million revenue · 2025
Gheeraert Distribution same network
€ 4 million gross margin · 2025
+5 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
- 0415.561.460
- VAT number
- BE 0415.561.460
- Registered office
- Autobaan 10, 8210 Zedelgem
- Names & denominations
- GHEERAERT TRANSPORT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 1975
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
Goederenvervoer over de weg