Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VQ LOGISTICS from Kortrijk, company number BE0676706543, closed financial year 2025 with a result of € 89,063 after tax. For that financial year VQ LOGISTICS recorded a gross margin of € 609,571 and equity of € 157,698. Compared with financial year 2024, the result moved from € 43,022 to € 89,063. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 157,698
▲ 130% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 89,063
▲ 107% vs 2024
Profit after tax over the fiscal year.
€ 22,837
▼ 62% 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 € 151,498.
People and assets in 2025
4
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 279,707
▲ 3% vs 2024
€ 69,900 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.
€ 618,544
▲ 43% vs 2024
Of which on lease € 393,264.
Debts at end 2025
€ 497,596
▲ 51% vs 2024
€ 199,218 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 104,776
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 56,273
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 315,634 | € 304,377 | € 469,726 | € 609,571 | ▲ 30% |
| Profit after taxes | € 48,052 | € 38,217 | € 43,022 | € 89,063 | ▲ 107% |
| Equity | € 87,397 | € 125,614 | € 68,636 | € 157,698 | ▲ 130% |
| Total debts | € 96,204 | € 393,578 | € 613,027 | € 658,645 | ▲ 7% |
| Cash | € 115,665 | € 86,546 | € 59,882 | € 22,837 | ▼ 62% |
| Retained profit | € 81,197 | € 119,414 | € 62,436 | € 151,498 | ▲ 143% |
| Dividend | € 0 | € 0 | € 100,000 | € 0 | ▼ 100% |
| Bank debt | € 18,274 | € 310,000 | € 329,305 | € 497,596 | ▲ 51% |
| Balance sheet total | € 183,602 | € 519,192 | € 681,662 | € 816,343 | ▲ 20% |
| Employees (FTE) | 3 | 3.2 | 3.9 | 4 | ▲ 0.1 |
Key figures of VQ 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 VQ LOGISTICS?
What happened at VQ 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 € 89,063 (▲ 107% vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 48,052 profit in 2022 to € 89,063 profit in 2025.
Paid € 48,750 in corporate taxes since 2022.
Best year ever: 2025, with € 89,063 profit.
On average € 152,400 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of 2Fund, ARMAVO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VQ LOGISTICSBehind VQ LOGISTICS are Gomaar BV, LYVIA BV and 2Fund BV. The shares are held by 2Fund (100%) and ARMAVO (100%).
Directors
According to the 2025 annual accounts
Director · represented by Bart Cloet
Also active at: DE WAAL SOLID FOUNDATIONS, A. VYNCKE, VOTQUENNE FOUNDATIONS, STUDIEBUREEL SONDEX, LAMEIRE FUNDERINGSTECHNIEKEN, FONDILAM, ARMAVO, LAMEIRE FUTURE FOUNDATION TECHNICS +3 more
Director · represented by Yves Lameire
Also active at: DE WAAL SOLID FOUNDATIONS, A. VYNCKE, VOTQUENNE FOUNDATIONS, STUDIEBUREEL SONDEX, LAMEIRE FUNDERINGSTECHNIEKEN, FONDILAM, ARMAVO, LAMEIRE FUTURE FOUNDATION TECHNICS +3 more
Director · represented by Dirk Jonckheere
Also active at: DE WAAL SOLID FOUNDATIONS, A. VYNCKE, VOTQUENNE FOUNDATIONS, STUDIEBUREEL SONDEX, LAMEIRE FUNDERINGSTECHNIEKEN, FONDILAM, ARMAVO, LAMEIRE FUTURE FOUNDATION TECHNICS +2 more
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
President Kennedypark(Kor) 4b
8500 Kortrijk
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
- 0676.706.543
- VAT number
- BE 0676.706.543
- Registered office
- President Kennedypark(Kor) 4b, 8500 Kortrijk
- Names & denominations
- VQ LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 2017
- Peppol
- Active · Active since 25 Dec 2025
- Activities · NACE
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