Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
V.B. LOGISTICS from Pelt, company number BE0433222388, closed financial year 2024 with a result of € 1.1 million after tax. For that financial year V.B. LOGISTICS recorded revenue of € 2.1 million and equity of € 1.2 million. Compared with financial year 2023, the result moved from € 1.2 million to € 1.1 million. The company is profitable. The buffer shrank hard: equity is 82 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2025.
€ 1.2 million
▼ 82% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▼ 10% vs 2023
Profit after tax over the fiscal year.
€ 65,889
▼ 96% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 6.8 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2024
€ 4.1 million
▼ 8% vs 2023
€ 415,768 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 15,601
▼ 61% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 79 days on average.
€ 695,711
▲ 57% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | € 2,161,606 | € 2,365,880 | € 2,075,838 | ▼ 12% |
| Gross margin | € 3,288,411 | - | - | - | |
| Profit after taxes | € 1,006,448 | € 778,099 | € 1,217,067 | € 1,093,657 | ▼ 10% |
| Equity | € 8,561,036 | € 9,339,135 | € 6,944,030 | € 1,237,688 | ▼ 82% |
| Total debts | € 2,359,274 | € 5,228,839 | € 5,016,507 | € 11,660,597 | ▲ 132% |
| Cash | € 587,964 | € 153,274 | € 1,842,305 | € 65,889 | ▼ 96% |
| Land & buildings | € 9,346,549 | € 8,806,365 | € 4,763,389 | € 4,342,279 | ▼ 9% |
| Retained profit | € 7,210,204 | € 7,988,302 | € 6,110,851 | € 404,508 | ▼ 93% |
| Dividend | € 0 | € 0 | € 0 | € 6,800,000 | |
| Bank debt | € 1,545,000 | € 4,838,013 | € 4,500,540 | € 4,125,270 | ▼ 8% |
| Balance sheet total | € 10,938,734 | € 14,584,074 | € 11,970,641 | € 12,907,554 | ▲ 8% |
| Employees (FTE) | 10.7 | 2.4 | 0 | - |
Key figures of V.B. LOGISTICS, 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 V.B. LOGISTICS?
What happened at V.B. LOGISTICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Avalor BV stepped down as director. NBB
- Opcore BV stepped down as director. NBB
- HERCULES INVEST NV stepped down as director. NBB
- JoWe Beheer BV stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 1.1 million (▼ 10% vs 2023). Source: NBB ↗
- Avalor BV became a director. NBB
- Opcore BV became a director. NBB
- HERCULES INVEST NV became a director. NBB
In short
From € 1 million profit in 2021 to € 1.1 million profit in 2024.
Paid € 1.5 million in corporate taxes since 2021.
Best year ever: 2023, with € 1.2 million profit.
On average € 307,300 of value added per employee in 2021.
Management
The stake of BALAK INDUSTRIES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
V.B. LOGISTICSThe shares are held by BALAK INDUSTRIES (100%).
Directors
According to the 2024 annual accounts
Managing director · represented by Michiel AVONTUUR
Also active at: BALAK INDUSTRIES, BALAK COATINGS, BARDOLINO INVEST, Construct Materials Group, HERCULES INVEST, Balak Fences, PORTOFINO GROUP
since 2022 · until 2028
Director · represented by Ronnie EERDEKENS
Also active at: BALAK INDUSTRIES, BALAK COATINGS, Balak Fences
since 2022 · until 2028
Managing director · represented by Reinier VAN LUIJT
Also active at: BALAK INDUSTRIES, BALAK COATINGS, Balak Fences
since 2022 · until 2028
Director · represented by Joost WEGINK
Also active at: BALAK INDUSTRIES, BALAK COATINGS, Balak Fences
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Europalaan 31
3900 Pelt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
DNS
OVH DNS
Domain
Domain
balak.com
Registered
1998-10-30
Registrar
OVH sas
Expires
2026-10-29
Website info
Features
Security
Details
- Company number
- 0433.222.388
- VAT number
- BE 0433.222.388
- Registered office
- Europalaan 31, 3900 Pelt
- Names & denominations
- V.B. LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1987
- Peppol
- Active · Active since 4 Jul 2025
- Contact
- balak.com [email protected] 011809900
- Activities · NACE
Coating van metalen
Oppervlaktebehandeling en bekleding van metaal
Oppervlaktebehandeling van metalen
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige technische testen en toetsen
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Technische testen en analyses
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering