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 35 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FORLOG from Willebroek, company number BE0453057997, closed financial year 2025 with a result of € 35,533 after tax. For that financial year FORLOG recorded revenue of € 7.1 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 272 to € 35,533. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 1.7 million
▲ € 1.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 35,533
▲ € 35,260 vs 2024
Profit after tax over the fiscal year.
€ 109,129
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -732,963.
People and assets in 2025
8.5
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 611,692
▲ 5% vs 2024
€ 72,000 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.
€ 35,923
▲ 266% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 720,435
▲ 8% vs 2024
Loans from banks and other lenders, long and short.
€ 2 million
▼ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 127 days on average.
€ 211,954
▲ 43% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,516,390 | € 7,121,726 | € 7,977,356 | € 7,070,223 | ▼ 11% |
| Profit after taxes | € 4,736 | € 34,252 | € 272 | € 35,533 | ▲ € 35,260 |
| Equity | € 258,480 | € 292,732 | € 293,004 | € 1,708,537 | ▲ € 1.4 million |
| Total debts | € 5,531,475 | € 5,345,253 | € 4,475,335 | € 3,254,495 | ▼ 27% |
| Cash | € 73,443 | € 45,756 | € 185,822 | € 109,129 | ▼ 41% |
| Land & buildings | € 1,303,031 | € 1,190,707 | € 1,080,567 | € 2,350,093 | ▲ 117% |
| Retained profit | € -803,020 | € -768,768 | € -768,496 | € -732,963 | ▲ € 35,533 |
| Bank debt | € 746,242 | € 893,905 | € 666,273 | € 720,435 | ▲ 8% |
| Balance sheet total | € 5,789,954 | € 5,637,985 | € 4,768,339 | € 4,963,031 | ▲ 4% |
| Employees (FTE) | 11.7 | 9.3 | 8.6 | 8.5 | ▼ 0.1 |
Key figures of FORLOG, 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 FORLOG?
What happened at FORLOG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Freenics BV stepped down as director. NBB
- Philip Salaerts stepped down as director. NBB
- Nathalie Peleman stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 35,533 (▲ € 35,260 vs 2024). Source: NBB ↗
- Freenics BV became a director. NBB
- Philip Salaerts became a director. NBB
- Nathalie Peleman became a director. NBB
- New establishment in Willebroek. KBO
In short
From € 4,736 profit in 2022 to € 35,533 profit in 2025.
Paid € 3,161 in corporate taxes since 2022.
Best year ever: 2025, with € 35,533 profit.
Pays suppliers within 127 days on average.
Management
The stake of WEST-BEHEER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FORLOGThe shares are held by WEST-BEHEER (100%). It owns 100% of Vegetra itself.
Directors
According to the 2025 annual accounts
Director · represented by Frederik Salaerts
Also active at: A.A.D. Speed-Colli, BRANT LOGISTIC INFORMATION TECHNOLOGY SERVICES BELGIUM, IMMO - WEST, DISTRI-LOG, BOOSTER - EXPRESS, DISTRI-LOG TRANSPORT, MARIMMO, BEX TRANSPORT SERVICE +2 more
since 2024 · until 2030
Philip Salaerts
Managing director
Also active at: A.A.D. Speed-Colli, Vegetra, TRANSPORT MICHIELS, TRM Services, BRANT LOGISTIC INFORMATION TECHNOLOGY SERVICES BELGIUM, BOOSTER - EXPRESS, DISTRI-LOG TRANSPORT, SALINCO +3 more
since 2024 · until 2030
Nathalie Peleman
Director
Also active at: Vegetra, BRANT LOGISTIC INFORMATION TECHNOLOGY SERVICES BELGIUM, DISTRI-LOG, DISTRI-LOG TRANSPORT, COLFRIDIS LOGISTICS, COLFRIDIS DISTRIBUTION
since 2024 · until 2030
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Koningin Astridlaan 14
2830 Willebroek
Victor Dumonlaan 3
2830 Willebroek
Active since 2 January 2008
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →A.A.D. Speed-Colli same network
€ 8 million revenue · 2025
Vegetra same network
€ 2.2 million revenue · 2025
BRANT LOGISTIC INFORMATION TECHNOLOGY SERVICES BELGIUM same network
€ 2.1 million revenue · 2025
DISTRI-LOG same network
€ 131.5 million revenue · 2025
BOOSTER - EXPRESS same network
€ 1.8 million revenue · 2025
+6 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
- 0453.057.997
- VAT number
- BE 0453.057.997
- Registered office
- Koningin Astridlaan 14, 2830 Willebroek
- Names & denominations
- FORLOG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 July 1994
- Peppol
- Active · Active since 11 Nov 2025
- Activities · NACE
Logistieke diensten
Expeditiekantoren
Overige vrachtbehandeling, exclusief in zeehavens
Overige vrachtbehandeling
Overige vervoerondersteunende activiteiten