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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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
QS LOGISTICS from Brussel, company number BE0740801173, closed financial year 2025 with a result of € 198,775 after tax. For that financial year QS LOGISTICS recorded a gross margin of € 971,276 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 296,260 to € 198,775. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 26, 2026.
€ 1.1 million
▲ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 198,775
▼ 33% vs 2024
Profit after tax over the fiscal year.
€ 5,025
▼ 47% 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 € 1 million.
Debts at end 2025
€ 5.3 million
▼ 18% vs 2024
€ 604,563 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 151,817
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,752
▲ 10% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 744,205 | € 926,186 | € 1,030,571 | € 971,276 | ▼ 6% |
| Profit after taxes | € 207,685 | € 310,417 | € 296,260 | € 198,775 | ▼ 33% |
| Equity | € 291,131 | € 601,548 | € 897,808 | € 1,096,582 | ▲ 22% |
| Total debts | € 3,973,273 | € 3,425,090 | € 6,822,793 | € 5,535,320 | ▼ 19% |
| Cash | € 47,523 | € 51,817 | € 9,562 | € 5,025 | ▼ 47% |
| Land & buildings | € 3,839,825 | € 3,465,271 | € 3,090,717 | € 2,761,402 | ▼ 11% |
| Retained profit | € 229,131 | € 539,548 | € 835,808 | € 1,034,582 | ▲ 24% |
| Bank debt | € 3,703,789 | € 3,128,886 | € 6,544,261 | € 5,344,751 | ▼ 18% |
| Balance sheet total | € 4,264,404 | € 4,026,638 | € 7,720,601 | € 6,631,902 | ▼ 14% |
Key figures of QS 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 March 2027.
What happened to QS LOGISTICS?
What happened at QS LOGISTICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dan APPELSTEIN stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 198,775 (▼ 33% vs 2024). Source: NBB ↗
- Stephan JEGER stepped down as director. NBB
- Jacques APPELSTEIN stepped down as director. NBB
- Dan APPELSTEIN became a director. NBB
- Stephan JEGER became a director. NBB
- Jacques APPELSTEIN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 207,685 profit in 2022 to € 198,775 profit in 2025.
Paid € 322,609 in corporate taxes since 2022.
Best year ever: 2023, with € 310,417 profit.
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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
Directors
According to the 2025 annual accounts
Dan APPELSTEIN
Director
Also active at: BLUE STORES, FAMCO, L&L RETAIL BELGIUM, STEINCO, ALIVNOT, PP RETAIL HOLDING, ALIVSTONE
since 2022 · until 2028
Stephan JEGER
Director
Also active at: STEINCO, IMMO APPELS, A & S DISTRIBUTION, FAMCO, L&L RETAIL BELGIUM, ARTEMIS PROPERTY, OPALINE BELGIUM, ALPHASTEIN +4 more
since 2020 · until 2026
Jacques APPELSTEIN
Director
Also active at: BLUE STORES, PP RETAIL HOLDING, PP RETAIL SERVICES, PP RETAIL LOGISTICS
since 2020 · until 2025
Establishments
Establishment units
Physical locations of this company
Zaterdagplein 1
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →BLUE STORES same network
€ 54.4 million revenue · 2026
IMMO APPELS same network
€ 946,093 gross margin · 2025
A & S DISTRIBUTION same network
€ 562,313 gross margin · 2025
FAMCO same network
€ -85 gross margin · 2025
L&L RETAIL BELGIUM same network
€ 72.6 million revenue · 2026
+10 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
- 0740.801.173
- VAT number
- BE 0740.801.173
- Registered office
- Zaterdagplein 1, 1000 Brussel
- Names & denominations
- QS LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 2020
- Peppol
- Active · Active since 26 Aug 2025
- Activities · NACE
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