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 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
VANGUARD LOGISTICS SERVICES BELGIUM from Antwerpen, company number BE0426705275, closed financial year 2024 with a result of € -171,531 after tax. For that financial year VANGUARD LOGISTICS SERVICES BELGIUM recorded revenue of € 10 million and equity of € 12.1 million. Compared with financial year 2023, the result moved from € -598,491 to € -171,531. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2025.
€ 12.1 million
▼ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -171,531
▲ 71 % less loss than in 2023
Profit after tax over the fiscal year.
€ 441
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.9 million.
People and assets in 2024
38.4
▼ 11.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▼ 15% vs 2023
€ 82,800 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.
€ 10.2 million
▼ 6% vs 2023
Of which on lease € 10.2 million.
Debts at end 2024
€ 9.9 million
▼ 9% vs 2023
€ 950,062 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 3.4 million
▼ 14% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 128 days on average.
€ 393,487
▼ 8% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 24,482,636 | € 27,533,804 | € 14,038,254 | € 10,034,006 | ▼ 29% |
| Profit after taxes | € 1,893,034 | € 1,430,504 | € -598,491 | € -171,531 | ▲ € 426,960 |
| Equity | € 11,487,460 | € 12,849,763 | € 12,251,272 | € 12,079,741 | ▼ 1% |
| Total debts | € 14,284,485 | € 13,404,872 | € 25,679,928 | € 25,466,063 | ▼ 1% |
| Cash | - | - | - | € 441 | |
| Retained profit | € -6,512,540 | € -5,150,237 | € -5,748,728 | € -5,920,259 | ▼ € 171,531 |
| Bank debt | € 5,120,343 | € 488,516 | € 10,816,646 | € 9,868,164 | ▼ 9% |
| Balance sheet total | € 25,785,244 | € 26,267,935 | € 37,933,200 | € 37,550,004 | ▼ 1% |
| Employees (FTE) | 44.5 | 49.4 | 49.5 | 38.4 | ▼ 11.1 |
Key figures of VANGUARD LOGISTICS SERVICES BELGIUM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to VANGUARD LOGISTICS SERVICES BELGIUM?
What happened at VANGUARD LOGISTICS SERVICES BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bram Ceulemans stepped down as director. NBB
- Graham Cousins stepped down as director. NBB
- Curt Martin Karlsson stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 171,531. Source: NBB ↗
- Robert de Vos stepped down as director. NBB
- Graham Cousins became a director. NBB
- Curt Martin Karlsson became a director. NBB
- Yuriy Ruzhetskyy stepped down as director. NBB
In short
From € 1.9 million profit in 2021 to € 171,531 loss in 2024.
Paid € 155,188 in corporate taxes since 2021.
Best year ever: 2021, with € 1.9 million profit.
Pays suppliers within 128 days on average.
A new publication or filing at VANGUARD LOGISTICS SERVICES BELGIUM? We notify you, reason included.
Follow VANGUARD LOGISTICS SERVICES BELGIUMDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by OTS Logistics Belgium (100%) and VLS Belgium (0%). It owns 100% of Vanguard Logistics Services BV, 100% of Confreight UK, 100% of Vanguard Logistics Services Ltd., 100% of VLS Belgium, 100% of Vanguard Insurance NV and 100% of Vanguard Logistics Services Deutschland Schiffahrt und Transport GmbH itself.
Directors
According to the 2024 annual accounts
since 2021 · until 2027
since 2024 · until 2027
since 2024 · until 2024
Jacques Van Wieringen
Director
Also active at: VANGUARD INSURANCE, VLS BELGIUM, OTS LOGISTICS BELGIUM
since 2021 · until 2024
Curt Martin Karlsson
Director
Also active at: VANGUARD INSURANCE, VLS BELGIUM, OTS LOGISTICS BELGIUM
since 2024 · until 2027
since 2023 · until 2024
since 2021 · until 2024
Shareholders
0%
Participations
Vanguard Logistics Services BV
100%
Confreight UK
100%
Vanguard Logistics Services Ltd.
100%
100%
Vanguard Logistics Services Deutschland Schiffahrt und Transport GmbH
100%
Vanguard Logistics Services France S.A.S.
100%
Freightcon International S.L.
100%
Vanguard Logistics Services (Poland) sp. z.o.o.
100%
Vanguard Logistics Services Italy Spa
100%
OTS Logistics Egypt
1%
Establishments
Establishment units
Physical locations of this company
Romeynsweel 8
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0426.705.275
- VAT number
- BE 0426.705.275
- Registered office
- Romeynsweel 8, 2030 Antwerpen
- Names & denominations
- VANGUARD LOGISTICS SERVICES BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1984
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Logistieke diensten
Expeditiekantoren
Overige activiteiten i.v.m. de organisatie van het vrachtvervoer
Overige vervoerondersteunende activiteiten