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 65 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Cargo & Logistics Real Estate from Zaventem, company number BE0700664949, closed financial year 2025 with a result of € 2.6 million after tax. For that financial year Cargo & Logistics Real Estate recorded revenue of € 16.5 million and equity of € 67,650. Compared with financial year 2024, the result moved from € 1.3 million to € 2.6 million. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 67,650
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.6 million
▲ 105% vs 2024
Profit after tax over the fiscal year.
€ 7.6 million
▲ € 7.5 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2.6 million paid out
100 % of the profit went to the shareholders, mostly to Brussels Airport Real Estate nv (100 % of the shares). That is where the money ends up.
People and assets in 2025
€ 46,997
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 148.1 million
▲ 28% vs 2024
€ 21.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 4 million
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1620 days on average.
€ 2.3 million
▲ € 1.9 million vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,610,880 | € 11,931,878 | € 12,642,273 | € 16,547,118 | ▲ 31% |
| Profit after taxes | € 945,416 | € 1,838,845 | € 1,257,719 | € 2,582,971 | ▲ 105% |
| Equity | € 67,650 | € 67,650 | € 67,650 | € 67,650 | |
| Total debts | € 161,903,487 | € 160,535,503 | € 194,982,227 | € 217,831,611 | ▲ 12% |
| Cash | € 1,610,988 | € 1,544,440 | € 130,316 | € 7,645,644 | ▲ € 7.5 million |
| Land & buildings | € 154,224,573 | € 147,488,848 | € 146,441,199 | € 188,568,764 | ▲ 29% |
| Retained profit | € 6,150 | € 6,150 | € 6,150 | € 6,150 | |
| Dividend | € 945,416 | € 1,838,845 | € 1,257,719 | € 2,582,971 | ▲ 105% |
| Bank debt | € 88,711,987 | € 89,041,934 | € 115,531,986 | € 148,090,877 | ▲ 28% |
| Balance sheet total | € 161,971,137 | € 160,603,153 | € 195,049,877 | € 217,899,261 | ▲ 12% |
Key figures of Cargo & Logistics Real Estate, 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 Cargo & Logistics Real Estate?
What happened at Cargo & Logistics Real Estate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Geert AERTS stepped down as director. NBB
- Arnaud FEIST stepped down as director. NBB
- Davy VREYS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.6 million (▲ 105% vs 2024). Source: NBB ↗
- Geert AERTS became a director. NBB
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
- Arnaud FEIST became a director. NBB
In short
From € 945,416 profit in 2022 to € 2.6 million profit in 2025.
Paid € 2.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 2.6 million profit.
Paid out € 6.6 million in dividends to the owners in total.
Management
The shares are held by Brussels Airport Real Estate nv (100%).
Directors
According to the 2025 annual accounts
since 2024 · until 2027
Arnaud FEIST
Managing director
Also active at: Vlaams Netwerk van Ondernemingen, BRUSSELS AIRPORT HOTEL, DRONEPORT, Brussels Airport Real Estate, AVIATO ACADEMY, Airport Intelligence, SkeyDrone, LIMBURG REGIONAL AIRPORT +1 more
since 2018 · until 2027
Davy VREYS
Managing director
Also active at: BRUSSELS AIRPORT HOTEL, DRONEPORT, Brussels Airport Real Estate, LIMBURG REGIONAL AIRPORT, Distributienet- Beheer Brussels Airport
since 2018 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Luchthaven Brussel Nationaal 1 M
1930 Zaventem
Luchthaven Brussel Nationaal 1 C
1930 Zaventem
Active since 6 August 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0700.664.949
- VAT number
- BE 0700.664.949
- Registered office
- Luchthaven Brussel Nationaal 1 M, 1930 Zaventem
- Names & denominations
- Cargo & Logistics Real Estate
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 August 2018
- Peppol
- Active · Active since 7 Sept 2026
- Activities · NACE
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