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 51 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
VBH Logistics from Hamme (Vl.), company number BE0628840706, closed financial year 2025 with a result of € 93,720 after tax. For that financial year VBH Logistics recorded a gross margin of € 233,035 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 465,816 to € 93,720. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 1.1 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 93,720
▼ 80% vs 2024
Profit after tax over the fiscal year.
€ 47,083
▼ 45% 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 € 634,097.
Debts at end 2025
€ 1.3 million
▼ 9% vs 2024
€ 132,855 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 130,062 | € 140,847 | € 19,972 | € 233,035 | ▲ € 213,063 |
| Profit after taxes | € 67,736 | € 60,598 | € 465,816 | € 93,720 | ▼ 80% |
| Equity | € 742,463 | € 803,061 | € 1,010,378 | € 1,104,097 | ▲ 9% |
| Total debts | € 572,026 | € 519,837 | € 1,521,224 | € 1,344,483 | ▼ 12% |
| Cash | € 51,059 | € 88,311 | € 85,377 | € 47,083 | ▼ 45% |
| Land & buildings | € 1,053,883 | € 1,025,067 | € 2,320,505 | € 2,260,196 | ▼ 3% |
| Retained profit | € 272,463 | € 333,061 | € 540,378 | € 634,097 | ▲ 17% |
| Dividend | € 0 | € 0 | € 258,500 | € 0 | ▼ 100% |
| Bank debt | € 571,447 | € 498,422 | € 1,474,224 | € 1,344,483 | ▼ 9% |
| Balance sheet total | € 1,314,488 | € 1,322,898 | € 2,531,602 | € 2,448,581 | ▼ 3% |
Key figures of VBH Logistics, 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 VBH Logistics?
What happened at VBH Logistics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 93,720 (▼ 80% vs 2024). Source: NBB ↗
- New establishment in Hamme (Vl.). KBO
- Start of the company according to the CBE. KBO
In short
From € 67,736 profit in 2022 to € 93,720 profit in 2025.
Paid € 74,482 in corporate taxes since 2022.
Best year ever: 2024, with € 465,816 profit.
Paid out € 258,500 in dividends to the owners in total.
Management
The stake of HERSTHOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VBH LogisticsBehind VBH Logistics are Herstholding, Romareg and Bart Malfliet. The shares are held by HERSTHOLDING (66%). It owns 20.3% of Transport L. Van Bogaert itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Kristoff Van Houte
Also active at: NV VAN HOOF, Arvum Group
Bart Malfliet
Managing director
Shareholders
66%
Participations
20.3%
Establishments
Establishment units
Physical locations of this company
Zwaarveld 62
9220 Hamme (Vl.)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0628.840.706
- VAT number
- BE 0628.840.706
- Registered office
- Zwaarveld 62, 9220 Hamme (Vl.)
- Names & denominations
- VBH Logistics
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 2015
- Peppol
- Not registered