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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Warehouse from Zedelgem, company number BE0649971363, closed financial year 2025 with a result of € -2.7 million after tax. For that financial year Warehouse recorded revenue of € 29.5 million and equity of € -2.6 million. Compared with financial year 2024, the result moved from € -57,132 to € -2.7 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 July 24, 2026.
€ -2.6 million
▼ € 2.7 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.7 million
▼ 4624 % more loss than in 2024
Profit after tax over the fiscal year.
€ 9,241
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.6 million.
People and assets in 2025
30.1
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▲ 33% vs 2024
€ 82,900 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.
€ 27,571
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.9 million
▲ 11% vs 2024
Loans from banks and other lenders, long and short.
€ 4.1 million
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 51 days on average.
€ 286,560
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 24,850,765 | € 29,509,558 | ▲ 19% |
| Gross margin | € 1,649,061 | € 2,036,853 | - | - | |
| Profit after taxes | € 21,260 | € 48,785 | € -57,132 | € -2,698,680 | ▼ € 2.6 million |
| Equity | € 156,050 | € 204,836 | € 147,704 | € -2,550,976 | ▼ € 2.7 million |
| Total debts | € 4,919,810 | € 5,440,518 | € 5,365,239 | € 7,235,906 | ▲ 35% |
| Cash | € 3,268 | € 13,304 | € 14,843 | € 9,241 | ▼ 38% |
| Retained profit | € 137,450 | € 186,236 | € 129,104 | € -2,569,576 | ▼ € 2.7 million |
| Bank debt | € 1,399,469 | € 1,218,411 | € 1,689,675 | € 1,881,414 | ▲ 11% |
| Balance sheet total | € 5,075,861 | € 5,645,354 | € 5,512,943 | € 4,684,930 | ▼ 15% |
| Employees (FTE) | 24.7 | 29.3 | 29.9 | 30.1 | ▲ 0.2 |
Key figures of Warehouse, 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 Warehouse?
What happened at Warehouse in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.7 million. Source: NBB ↗
- MANAGEMENT DE RUDDER BV stepped down as director. NBB
- New establishment in Vilvoorde. KBO
- New establishment in Kuurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,260 profit in 2022 to € 2.7 million loss in 2025.
Paid € 86,135 in corporate taxes since 2022.
Best year ever: 2023, with € 48,785 profit.
On average € 69,500 of value added per employee in 2023.
Management
The stake of MANAGEMENT DE RUDDER, AUGERE, G-FORCE.BE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WarehouseBehind Warehouse are SG WORX BV and G-FORCE.BE BV. The shares are held by MANAGEMENT DE RUDDER (99%), AUGERE (50%) and G-FORCE.BE (50%).
Directors
According to the 2025 annual accounts
Director · represented by Stijn GHEERAERT
Also active at: GHEERAERT TRANSPORT, VERVOERONDERNEMING MARCEL LAMBERTS EN ZONEN, Gheeraert Garage, Transport De Rudder, Gheeraert Distribution
Director · represented by Peter GHEERAERT
Also active at: VERVOERONDERNEMING MARCEL LAMBERTS EN ZONEN, GHEERAERT PROPERTY, Transport De Rudder, Gheeraert Distribution, Trans-Form, GHEERAERT SHARED SERVICES, Gheeraert Express
Director · represented by Ignace DE RUDDER
Also active at: VERVOERONDERNEMING MARCEL LAMBERTS EN ZONEN, DESARENT, Transport De Rudder, FRUY IMMO, Mortierhoek, M-EXPRESS
· until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Autobaan 10
8210 Zedelgem
Noordlaan 33
8520 Kuurne
Active since 16 March 2016
Buyssestraat (Cyriel) 1
1800 Vilvoorde
Active since 1 January 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →GHEERAERT TRANSPORT same network
€ 19.9 million revenue · 2025
VERVOERONDERNEMING MARCEL LAMBERTS EN ZONEN same network
€ 1.2 million gross margin · 2025
Gheeraert Garage same network
€ 1.2 million gross margin · 2025
Transport De Rudder same network
€ 3.4 million gross margin · 2025
Gheeraert Distribution same network
€ 4 million gross margin · 2025
+5 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
- 0649.971.363
- VAT number
- BE 0649.971.363
- Registered office
- Autobaan 10, 8210 Zedelgem
- Names & denominations
- Warehouse · De Rudder - Logistic & Distribution
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 March 2016
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Opslag
Goederenvervoer over de weg
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Holdings
Adviesbureaus op het gebied van public relations en communicatie
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering