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 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Safavieh European Logistic Center from Hoogstraten, company number BE0508762723, closed financial year 2025 with a result of € 20,383 after tax. For that financial year Safavieh European Logistic Center recorded a gross margin of € 639,633 and equity of € 1 million. Compared with financial year 2024, the result moved from € 105,791 to € 20,383. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ 1 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,383
▼ 81% vs 2024
Profit after tax over the fiscal year.
€ 67,150
▲ 68% 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 € 238,522.
People and assets in 2025
6.7
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 407,988
▲ 10% vs 2024
€ 60,900 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
€ 971,789
▼ 20% vs 2024
€ 247,615 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 433,760
▲ 82% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 72,866
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 547,496 | € 588,158 | € 688,973 | € 639,633 | ▼ 7% |
| Profit after taxes | € -243,650 | € -19,845 | € 105,791 | € 20,383 | ▼ 81% |
| Equity | € 906,793 | € 886,948 | € 986,739 | € 1,007,122 | ▲ 2% |
| Total debts | € 2,390,486 | € 2,127,502 | € 1,926,895 | € 1,878,820 | ▼ 2% |
| Cash | € 66,828 | € 25,565 | € 40,058 | € 67,150 | ▲ 68% |
| Land & buildings | € 2,841,782 | € 2,702,184 | € 2,564,586 | € 2,426,988 | ▼ 5% |
| Retained profit | € 138,193 | € 118,348 | € 218,139 | € 238,522 | ▲ 9% |
| Bank debt | € 1,687,915 | € 1,453,541 | € 1,214,907 | € 971,789 | ▼ 20% |
| Balance sheet total | € 3,297,279 | € 3,014,450 | € 2,913,634 | € 2,885,942 | ▼ 1% |
| Employees (FTE) | 9.5 | 7 | 6.1 | 6.7 | ▲ 0.6 |
Key figures of Safavieh European Logistic Center, 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 Safavieh European Logistic Center?
What happened at Safavieh European Logistic Center in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 20,383 (▼ 81% vs 2024). filed late Source: NBB ↗
- New establishment in Hoogstraten. KBO
- Start of the company according to the CBE. KBO
- Frank Verbauwhede became a director. NBB
In short
From € 243,651 loss in 2022 to € 20,383 profit in 2025.
Paid € 1,635 in corporate taxes since 2022.
Best year ever: 2024, with € 105,791 profit.
On average € 95,500 of value added per employee in 2025.
A new publication or filing at Safavieh European Logistic Center? We notify you, reason included.
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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
Behind Safavieh European Logistic Center is Frank Verbauwhede.
Directors
According to the 2025 annual accounts
Frank Verbauwhede
Director
since 2012
Establishments
Establishment units
Physical locations of this company
Romestraat 3
2321 Hoogstraten
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
GTT-BACKBONE GTT, US
Website info
Features
Security
Details
- Company number
- 0508.762.723
- VAT number
- BE 0508.762.723
- Registered office
- Romestraat 3, 2321 Hoogstraten
- Names & denominations
- Safavieh European Logistic Center
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 2012
- Peppol
- Active · Active since 8 Dec 2025
- Contact
- dvo.be
- Activities · NACE
Detailhandel in tapijten en andere vloerbedekking en wandbekleding
Opslag
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Groothandel in kantoor- en winkelmeubelen
Overige niet-gespecialiseerde detailhandel
Groothandel in huismeubilair
Logistieke diensten
Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren
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