Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 5.9 to 4.7.
Financials
Financial year 2025
Luik Natie Forwarding from Beveren, company number BE0448793066, closed financial year 2025 with a result of € -18,364 after tax. For that financial year Luik Natie Forwarding recorded a gross margin of € 309,209 and equity of € -107,223. Compared with financial year 2024, the result moved from € -263,915 to € -18,364. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 21, 2026.
€ -107,223
▼ € 18,365 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -18,364
▲ 93 % less loss than in 2024
Profit after tax over the fiscal year.
€ 22,277
▲ 100% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -503,223.
People and assets in 2025
4.7
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 280,680
▼ 8% vs 2024
€ 59,700 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.3 million
▲ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,245
▲ 38% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,950,582 | € 11,264,927 | - | - | |
| Gross margin | - | - | € 94,506 | € 309,209 | ▲ 227% |
| Profit after taxes | € 194,058 | € 61,930 | € -263,915 | € -18,364 | ▲ € 245,551 |
| Equity | € 113,127 | € 175,057 | € -88,858 | € -107,223 | ▼ € 18,365 |
| Total debts | € 1,437,675 | € 1,133,334 | € 771,147 | € 1,895,576 | ▲ 146% |
| Cash | € 24,611 | € 42,388 | € 11,165 | € 22,277 | ▲ 100% |
| Retained profit | € -282,873 | € -220,943 | € -484,858 | € -503,223 | ▼ € 18,365 |
| Bank debt | € 418,434 | € 338,357 | € 48,395 | € 0 | ▼ 100% |
| Balance sheet total | € 1,550,801 | € 1,308,391 | € 682,289 | € 1,788,353 | ▲ 162% |
| Employees (FTE) | 7.1 | 5.9 | 5.8 | 4.7 | ▼ 1.1 |
Key figures of Luik Natie Forwarding, 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 Luik Natie Forwarding?
What happened at Luik Natie Forwarding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Chris Verhulst stepped down as director. NBB
- Folkert Pieter Bergstra stepped down as director. NBB
- Annegien Maria Kooij stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 18,364. filed late Source: NBB ↗
- Chris Verhulst became a director. NBB
- Vishal Kapoor stepped down as director. NBB
- Folkert Pieter Bergstra became a director. NBB
- SKVR BV stepped down as director. NBB
In short
From € 194,058 profit in 2022 to € 18,364 loss in 2025.
Paid € 71,657 in corporate taxes since 2022.
Best year ever: 2022, with € 194,058 profit.
On average € 65,800 of value added per employee in 2025.
Management
The shares are held by Luik Natie Storage NV (99.9%) and Credo Holding NV (0.1%).
Directors
According to the 2025 annual accounts
Chris Verhulst
Director
Also active at: Luik Natie Transport, LUIK NATIE STORAGE, LUIK NATIE COLDSTORE, CREDO HOLDING
since 2025 · until 2031
Vishal Kapoor
Director
Also active at: Luik Natie Transport, Lineage Rijkevorsel, LUIK NATIE STORAGE, LUIK NATIE COLDSTORE, Lineage BE TRS, CREDO HOLDING, Lineage Rijkevorsel Propco, Partner Logistics Holding Belgium +3 more
since 2024 · until 2025
Folkert Pieter Bergstra
Director
Also active at: Luik Natie Transport, Lineage Rijkevorsel, LUIK NATIE STORAGE, LUIK NATIE COLDSTORE, Lineage BE TRS, CREDO HOLDING, Lineage Rijkevorsel Propco, Partner Logistics Holding Belgium +3 more
since 2025 · until 2031
Director · represented by Stefaan Verhelst
Also active at: Luik Natie Transport, LUIK NATIE STORAGE, LUIK NATIE COLDSTORE, CREDO HOLDING
since 2021 · until 2025
Annegien Maria Kooij
Director
Also active at: Luik Natie Transport, Lineage Rijkevorsel, LUIK NATIE STORAGE, LUIK NATIE COLDSTORE, Lineage BE TRS, CREDO HOLDING, Lineage Rijkevorsel Propco, Partner Logistics Holding Belgium +3 more
since 2024 · until 2030
Shareholders
99.9%
0.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kruipin(KAL) zn
9130 Beveren
Kruipin(KAL) 1145
9130 Beveren
Active since 18 December 1992
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.793.066
- VAT number
- BE 0448.793.066
- Registered office
- Kruipin(KAL) zn, 9130 Beveren
- Names & denominations
- Luik Natie Forwarding
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 1992
- Peppol
- Active · Active since 12 Nov 2025
- Activities · NACE
Logistieke diensten
Expeditiekantoren
Overige vrachtbehandeling, exclusief in zeehavens
Goederenvervoer over de weg
Overige vervoerondersteunende activiteiten