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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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
Honda Motor Europe Logistics from Gent, company number BE0418250835, closed financial year 2026 with a result of € 11.8 million after tax. For that financial year Honda Motor Europe Logistics recorded revenue of € 593.7 million and equity of € 134.8 million. Compared with financial year 2025, the result moved from € 12.3 million to € 11.8 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 15, 2026.
€ 134.8 million
▲ 3% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11.8 million
▼ 4% vs 2025
Profit after tax over the fiscal year.
€ 2.7 million
▲ 111% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 8.3 million paid out
70 % of the profit went to the shareholders, mostly to Honda Motor Europe Ltd. UK (100 % of the shares). That is where the money ends up.
People and assets in 2026
723.2
▲ 14.1 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 66.3 million
▲ 6% vs 2025
€ 91,600 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.
€ 8.6 million
▼ 6% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 121.8 million
▲ 6% vs 2025
Loans from banks and other lenders, long and short.
€ 106.7 million
▼ 6% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 78 days on average.
€ 17.5 million
▲ 17% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 608,595,449 | € 566,131,848 | € 564,277,389 | € 593,659,294 | ▲ 5% |
| Profit after taxes | € 14,085,786 | € 12,458,514 | € 12,306,613 | € 11,821,763 | ▼ 4% |
| Equity | € 121,222,588 | € 127,455,074 | € 131,146,835 | € 134,779,425 | ▲ 3% |
| Total debts | € 282,359,811 | € 248,502,720 | € 252,714,286 | € 254,839,584 | ▲ 1% |
| Cash | € 1,060,900 | € 974,837 | € 1,297,144 | € 2,731,385 | ▲ 111% |
| Land & buildings | € 39,946,324 | € 38,354,453 | € 36,339,299 | € 36,907,687 | ▲ 2% |
| Retained profit | € 80,744,588 | € 86,968,121 | € 90,659,882 | € 94,200,810 | ▲ 4% |
| Dividend | € 7,042,189 | € 6,234,982 | € 8,614,852 | € 8,280,835 | ▼ 4% |
| Bank debt | € 178,521,463 | € 137,532,626 | € 114,704,664 | € 121,776,339 | ▲ 6% |
| Balance sheet total | € 406,367,637 | € 378,319,274 | € 385,864,710 | € 391,463,977 | ▲ 1% |
| Employees (FTE) | 724.2 | 700 | 709.1 | 723.2 | ▲ 14.1 |
Key figures of Honda Motor Europe Logistics, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Honda Motor Europe Logistics?
What happened at Honda Motor Europe Logistics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Can Eroskay stepped down as director. NBB
- Hiroshi Kawaguchi stepped down as director. NBB
- Mark Rogers stepped down as director. NBB
- Erik Chabot stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 11.8 million (▼ 4% vs 2025). Source: NBB ↗
- Can Eroskay became a director. NBB
- Hiroshi Kawaguchi became a director. NBB
- Mark Rogers became a director. NBB
In short
From € 14.1 million profit in 2023 to € 11.8 million profit in 2026.
Paid € 19.8 million in corporate taxes since 2023.
Best year ever: 2023, with € 14.1 million profit.
Paid out € 30.2 million in dividends to the owners in total.
Management
The shares are held by Honda Motor Europe Ltd. UK (100%).
Directors
According to the 2026 annual accounts
Can Eroskay
Director
since 2026 · until 2027
Hiroshi Kawaguchi
Managing director
since 2026 · until 2027
Mark Rogers
Director
since 2026 · until 2027
Erik Chabot
Director
since 2026 · until 2027
Shareholders
Honda Motor Europe Ltd. UK
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Langerbruggestraat 104
9000 Gent
Wijngaardveld 1
9300 Aalst
Active since 12 December 1985
Geeraard Van den Daelelaan 40
9000 Gent
Active since 12 April 1978
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
- 0418.250.835
- VAT number
- BE 0418.250.835
- Registered office
- Langerbruggestraat 104, 9000 Gent
- Names & denominations
- Honda Motor Europe Logistics
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 April 1978
- Peppol
- Active · Active since 19 Nov 2025
- Activities · NACE
Groothandel in delen en toebehoren van motorvoertuigen
Groothandel in onderdelen en accessoires van auto's
Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen
Diensten in verband met vervoer te land
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)