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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 80.7 to 51.
Financials
Financial year 2025
STEF Logistics Courcelles from Courcelles, company number BE0460804735, closed financial year 2025 with a result of € -3.3 million after tax. For that financial year STEF Logistics Courcelles recorded revenue of € 6.2 million and equity of € -2.7 million. Compared with financial year 2024, the result moved from € 402,614 to € -3.3 million. 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 June 30, 2026.
€ -2.7 million
▼ € 3.3 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.3 million
▼ still € 402,614 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.8 million.
People and assets in 2025
51
▼ 12 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.1 million
▼ 13% vs 2024
€ 60,500 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.
€ 488,627
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1 million
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 123 days on average.
€ 455,755
▼ 31% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,671,552 | € 8,539,981 | € 6,645,299 | € 6,229,541 | ▼ 6% |
| Profit after taxes | € 81,976 | € 299,310 | € 402,614 | € -3,321,022 | ▼ € 3.7 million |
| Equity | € 1,199,712 | € 204,745 | € 607,359 | € -2,713,664 | ▼ € 3.3 million |
| Total debts | € 2,444,870 | € 3,299,526 | € 1,790,935 | € 1,461,724 | ▼ 18% |
| Cash | € 239 | - | - | - | |
| Land & buildings | € 466,421 | € 56,542 | € 51,180 | € 45,818 | ▼ 10% |
| Retained profit | € 935,712 | € 142,288 | € 544,902 | € -2,776,121 | ▼ € 3.3 million |
| Balance sheet total | € 3,647,146 | € 3,505,635 | € 2,403,588 | € 1,888,647 | ▼ 21% |
| Employees (FTE) | 85.4 | 80.7 | 63 | 51 | ▼ 12 |
Key figures of STEF Logistics Courcelles, 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 STEF Logistics Courcelles?
What happened at STEF Logistics Courcelles in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bastien DREANO stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3.3 million (▼ € 3.7 million vs 2024). Source: NBB ↗
- Stanislas LEMOR stepped down as director. NBB
- Christophe GORIN stepped down as director. NBB
- Marc VETTARD stepped down as director. NBB
- Bastien DREANO became a director. NBB
- Stanislas LEMOR became a director. NBB
- Christophe GORIN became a director. NBB
In short
From € 81,976 profit in 2022 to € 3.3 million loss in 2025.
Paid € 262,396 in corporate taxes since 2022.
Best year ever: 2024, with € 402,614 profit.
Pays suppliers within 123 days on average.
Management
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Christophe GORIN
Chairman of the board
Also active at: STEF TRANSPORT SAINTES, STEF LOGISTICS SAINTES
since 2020 · until 2026
Bastien DREANO
Managing director
Also active at: STEF TRANSPORT SAINTES, Transwest, STEF Transport Lummen, STEF LOGISTICS SAINTES, STEF Transport Tournai, STEF Logistics Lummen, STEF Belgium SA, Cooltrans Logistics +1 more
since 2024 · until 2031
Marc VETTARD
Director
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Rue de Hainaut(CO) 40
6180 Courcelles
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.804.735
- VAT number
- BE 0460.804.735
- Registered office
- Rue de Hainaut(CO) 40, 6180 Courcelles
- Names & denominations
- STEF Logistics Courcelles · D.P.F.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 May 1997
- Peppol
- Active · Active since 17 Jul 2025
- Activities · NACE
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