Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TVO LOGISTICS from Herstal, company number BE0663671426, closed financial year 2025 with a result of € 13,521 after tax. For that financial year TVO LOGISTICS recorded a gross margin of € 185,921 and equity of € -101,442. Compared with financial year 2024, the result moved from € -101,341 to € 13,521. Profitable, and profit is growing. 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 May 29, 2026.
€ -101,442
▲ € 13,521 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,521
▲ still € 101,341 loss in 2024
Profit after tax over the fiscal year.
€ 730
▼ 14% 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 € -121,442.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 115,111
▲ 13% vs 2024
€ 57,600 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.
€ 6,825
▼ 85% vs 2024
Of which on lease € 6,825.
Debts at end 2025
€ 3,451
▼ 92% vs 2024
Loans from banks and other lenders, long and short.
€ 39,827
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 44,846
▼ 40% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 96,504 | € 134,657 | € 149,682 | € 185,921 | ▲ 24% |
| Profit after taxes | € -38,734 | € 3,310 | € -101,341 | € 13,521 | ▲ € 114,862 |
| Equity | € -16,933 | € -13,623 | € -114,964 | € -101,442 | ▲ € 13,521 |
| Total debts | € 243,757 | € 220,865 | € 202,181 | € 141,124 | ▼ 30% |
| Cash | € 11,731 | € 712 | € 845 | € 730 | ▼ 14% |
| Retained profit | € -36,933 | € -33,623 | € -134,964 | € -121,442 | ▲ € 13,521 |
| Bank debt | € 124,397 | € 85,371 | € 41,913 | € 3,451 | ▼ 92% |
| Balance sheet total | € 226,825 | € 207,243 | € 87,218 | € 39,682 | ▼ 55% |
| Employees (FTE) | 2 | - | 2 | 2 |
Key figures of TVO 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 TVO LOGISTICS?
What happened at TVO 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 € 13,521. Source: NBB ↗
- New establishment in Herstal. KBO
- Start of the company according to the CBE. KBO
In short
From € 38,734 loss in 2022 to € 13,521 profit in 2025.
Best year ever: 2025, with € 13,521 profit.
On average € 93,000 of value added per employee in 2025.
Management
The stake of TRAVHOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TVO LOGISTICSBehind TVO LOGISTICS is TRAVHOLDING SRL. The shares are held by TRAVHOLDING (99%).
Directors
According to the 2025 annual accounts
Director · represented by CARRIERE Joefrey
Also active at: TRAVHYDRO BELGIQUE, TRAVHYMAT, TRAVHYSTOR
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de l'Abbaye 10
4040 Herstal
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0663.671.426
- VAT number
- BE 0663.671.426
- Registered office
- Rue de l'Abbaye 10, 4040 Herstal
- Names & denominations
- TVO LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 2016
- Peppol
- Active · Active since 12 Mar 2026
- Activities · NACE
Goederenvervoer over de weg
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Overige gespecialiseerde bouwactiviteiten, neg
Verhuur en lease van vrachtwagens
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