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 31 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Ghent-Hulsdonk Warehousing from Brecht, company number BE0439457411, closed financial year 2025 with a result of € 162,916 after tax. For that financial year Ghent-Hulsdonk Warehousing recorded a gross margin of € 1.2 million and equity of € 25.8 million. Compared with financial year 2024, the result moved from € 164,996 to € 162,916. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 3, 2026.
€ 25.8 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 162,916
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 113,963
▲ € 105,812 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 824,000
▼ 20% vs 2024
Of which on lease € 824,000.
Debts at end 2025
€ 8.1 million
▼ 9% vs 2024
€ 1.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.1 million
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,943
▼ 44% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 850,912 | € 1,275,154 | € 1,139,039 | € 1,209,403 | ▲ 6% |
| Profit after taxes | € -57,980 | € 162,688 | € 164,996 | € 162,916 | ▼ 1% |
| Equity | € 2,024,804 | € 26,494,984 | € 26,659,979 | € 25,822,896 | ▼ 3% |
| Total debts | € 11,359,979 | € 10,283,628 | € 10,828,750 | € 10,221,234 | ▼ 6% |
| Cash | € 164,235 | € 71,428 | € 8,151 | € 113,963 | ▲ € 105,812 |
| Land & buildings | € 9,736,685 | € 33,042,000 | € 32,766,495 | € 32,206,541 | ▼ 2% |
| Retained profit | € 1,776,910 | € 2,555,813 | € 2,720,808 | € 1,883,725 | ▼ 31% |
| Dividend | € 0 | € 0 | € 0 | € 1,000,000 | |
| Bank debt | € 9,986,183 | € 9,040,812 | € 8,880,267 | € 8,085,112 | ▼ 9% |
| Balance sheet total | € 13,718,022 | € 36,981,972 | € 37,658,197 | € 36,179,703 | ▼ 4% |
Key figures of Ghent-Hulsdonk Warehousing, fiscal years 2021 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 Ghent-Hulsdonk Warehousing?
What happened at Ghent-Hulsdonk Warehousing in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 162,916 (▼ 1% vs 2024). filed late Source: NBB ↗
- Groep Bolckmans Invest BV became a director. NBB
- New establishment in Brecht. KBO
- Start of the company according to the CBE. KBO
In short
From € 57,980 loss in 2021 to € 162,916 profit in 2025.
Paid € 189,125 in corporate taxes since 2021.
Best year ever: 2024, with € 164,996 profit.
Paid out € 1 million in dividends to the owners in total.
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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 stake of Groep Bolckmans Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Ghent-Hulsdonk WarehousingBehind Ghent-Hulsdonk Warehousing is Groep Bolckmans Invest BV. The shares are held by Groep Bolckmans Invest (100%).
Directors
According to the 2025 annual accounts
Director · represented by Ronny Bolckmans
Also active at: Tissages Bruggeman, IMMO VERGO, Groep Bolckmans Green, CAPELLA, Groep Bolckmans Warehouses Development, Groep Bolckmans Warehouses, Groep Bolckmans Retail
since 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vaartdijk 15/4
2960 Brecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Tissages Bruggeman same network
€ -52,548 gross margin · 2025
IMMO VERGO same network
€ -188,283 gross margin · 2025
Groep Bolckmans Green same network
€ 799,223 gross margin · 2025
CAPELLA same network
€ 1.2 million gross margin · 2025
Groep Bolckmans Warehouses Development same network
€ -83,999 gross margin · 2025
+7 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
- 0439.457.411
- VAT number
- BE 0439.457.411
- Registered office
- Vaartdijk 15/4, 2960 Brecht
- Names & denominations
- Ghent-Hulsdonk Warehousing · G.H.W.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 1989
- Peppol
- Active · Active since 20 Aug 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen