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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 228.1 to 199.3.
Financials
Financial year 2024
WFS CARGO NV from Zaventem, company number BE0563910290, closed financial year 2024 with a result of € -5.6 million after tax. For that financial year WFS CARGO NV recorded revenue of € 26.1 million and equity of € -14.2 million. Compared with financial year 2023, the result moved from € -4.6 million to € -5.6 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 December 9, 2025.
€ -14.2 million
▼ € 5.6 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.6 million
▼ 22 % more loss than in 2023
Profit after tax over the fiscal year.
€ 1,744
▲ 4% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -14.7 million.
People and assets in 2024
199.3
▼ 19 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 14.9 million
▲ 4% vs 2023
€ 74,600 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.
€ 36,592
▼ 18% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 6.2 million
▲ 9% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 152 days on average.
€ 4 million
▼ 3% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 27,247,709 | € 24,572,263 | € 21,842,080 | € 26,137,651 | ▲ 20% |
| Profit after taxes | € 627,459 | € -2,103,673 | € -4,607,164 | € -5,636,386 | ▼ € 1 million |
| Equity | € -1,622,519 | € -3,726,192 | € -8,583,356 | € -14,219,742 | ▼ € 5.6 million |
| Total debts | € 11,036,215 | € 9,815,494 | € 15,940,274 | € 21,593,577 | ▲ 35% |
| Cash | € 2,229 | € 3,161 | € 1,680 | € 1,744 | ▲ 4% |
| Land & buildings | € 250,000 | € 277,794 | € 21,501 | € 15,207 | ▼ 29% |
| Retained profit | € -2,352,191 | € -4,455,864 | € -9,063,028 | € -14,699,414 | ▼ € 5.6 million |
| Balance sheet total | € 9,744,389 | € 6,384,747 | € 7,663,639 | € 7,530,138 | ▼ 2% |
| Employees (FTE) | 227.5 | 228.1 | 218.3 | 199.3 | ▼ 19 |
Key figures of WFS CARGO NV, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to WFS CARGO NV?
What happened at WFS CARGO NV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LYS Conseil SRL stepped down as director. NBB
- Richard Prince stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 5.6 million. filed late Source: NBB ↗
- LYS Conseil SRL became a director. NBB
- Patrick Minsart stepped down as director. NBB
- Richard Prince became a director. NBB
- Patrick Minsart became a director. NBB
- New establishment in Machelen (Brab.). KBO
In short
From € 627,459 profit in 2021 to € 5.6 million loss in 2024.
Paid € 298,019 in corporate taxes since 2021.
Best year ever: 2021, with € 627,459 profit.
Pays suppliers within 152 days on average.
Management
The stake of Aviapartner Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WFS CARGO NVThe shares are held by Aviapartner Holding (100%).
Directors
According to the 2024 annual accounts
Managing director · represented by Laurent Levaux
Also active at: Aviapartner Belgium, AVIAPARTNER, Aviapartner Holding, PIERRE MARCOLINI BELGIUM, AVIATION GROUND HANDLING SERVICES, AVIAPARTNER GENAV BRUSSELS, AVIAPARTNER OSTEND, ALCA INVEST
since 2025 · until 2031
Patrick Minsart
Managing director
Also active at: AVIAPARTNER LIEGE, Aviapartner Solidarity Association
since 2023 · until 2025
Richard Prince
Director
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Luchthaven Brussel Nationaal ZN
1930 Zaventem
Bedrijvenzone Machelen-Cargo 703 box PB36
1830 Machelen (Brab.)
Active since 13 October 2014
Bedrijvenzone Machelen-Cargo 712 box PB1
1830 Machelen (Brab.)
Active since 1 December 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →ABELAG HANDLING
€ 10.6 million revenue · 2024
Aeronautique 58
BRUSSELS AIRPORT HOTEL
€ 20.9 million revenue · 2025
Aviapartner Holding same network
€ 44 million revenue · 2024
International Airport Coordination Support
+4 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
- 0563.910.290
- VAT number
- BE 0563.910.290
- Registered office
- Luchthaven Brussel Nationaal ZN, 1930 Zaventem
- Names & denominations
- WFS CARGO NV
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 2014
- Peppol
- Active · Active since 29 May 2026
- Activities · NACE
Diensten in verband met de luchtvaart
Logistieke diensten
Overige vervoerondersteunende activiteiten
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Overige vrachtbehandeling, exclusief in zeehavens
Opslag
Overige zakelijke dienstverlening, neg