Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Exchange Logistics Services from Laakdal, company number BE0553495658, closed financial year 2025 with a result of € -144,484 after tax. For that financial year Exchange Logistics Services recorded a gross margin of € -20,388 and equity of € 329,153. Compared with financial year 2024, the result moved from € -79,607 to € -144,484. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 329,153
▼ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -144,484
▼ 81 % more loss than in 2024
Profit after tax over the fiscal year.
€ 35,831
▼ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 59,153.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 50,203
▲ 9% vs 2024
€ 50,200 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.
€ 53,220
▼ 30% vs 2024
Of which on lease € 1,999.
Debts at end 2025
€ 489,110
▼ 15% vs 2024
€ 52,822 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 80,006
▲ € 66,861 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,853
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 235,115 | € 159,248 | € 47,948 | € -20,388 | ▼ € 68,336 |
| Profit after taxes | € 107,865 | € -34,688 | € -79,607 | € -144,484 | ▼ € 64,877 |
| Equity | € 587,933 | € 553,244 | € 473,637 | € 329,153 | ▼ 31% |
| Total debts | € 1,375,655 | € 1,857,124 | € 1,812,165 | € 1,770,575 | ▼ 2% |
| Cash | € 161,547 | € 272,000 | € 99,210 | € 35,831 | ▼ 64% |
| Land & buildings | - | € 101,766 | € 372,401 | € 375,560 | ▲ 1% |
| Retained profit | € 317,933 | € 283,244 | € 203,637 | € 59,153 | ▼ 71% |
| Bank debt | € 37,785 | € 365,897 | € 574,696 | € 489,110 | ▼ 15% |
| Balance sheet total | € 2,095,671 | € 2,410,368 | € 2,285,802 | € 2,099,728 | ▼ 8% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of Exchange Logistics Services, 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 Exchange Logistics Services?
What happened at Exchange Logistics Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 144,484. filed late Source: NBB ↗
- New establishment in Laakdal. KBO
- Els Meynen became a director. NBB
- Ivo Meynen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 107,865 profit in 2022 to € 144,484 loss in 2025.
Paid € 161,775 in corporate taxes since 2022.
Best year ever: 2022, with € 107,865 profit.
On average € 47,900 of value added per employee in 2024.
Management
Behind Exchange Logistics Services are Els Meynen and Ivo Meynen.
Directors
According to the 2025 annual accounts
Els Meynen
Director
since 2014
Ivo Meynen
Director
since 2014
Establishments
Establishment units
Physical locations of this company
Oude Geelsebaan 96
2431 Laakdal
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
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0553.495.658
- VAT number
- BE 0553.495.658
- Registered office
- Oude Geelsebaan 96, 2431 Laakdal
- Names & denominations
- Exchange Logistics Services · E.L.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 May 2014
- Peppol
- Active · Active since 6 Oct 2025
- Contact
- els-garden.be
- Activities · NACE
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