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 53 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 19.6 to 11.4.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
JR LOGISTICS from Brussel, company number BE0746923160, closed financial year 2025 with a result of € 2 million after tax. For that financial year JR LOGISTICS recorded revenue of € 9.9 million and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 12,034 to € 2 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 3.3 million
▼ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2 million
▲ € 2 million vs 2024
Profit after tax over the fiscal year.
€ 541,114
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.7 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
11.4
▼ 4.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 15% vs 2024
€ 96,200 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.
€ 172,066
▲ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.9 million
▼ 48% vs 2024
Loans from banks and other lenders, long and short.
€ 419,481
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 26 days on average.
€ 341,070
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,799,524 | € 3,614,749 | € 5,946,243 | € 9,857,848 | ▲ 66% |
| Gross margin | € 1,006,805 | - | - | - | |
| Profit after taxes | € 233,749 | € 783,071 | € 12,034 | € 1,987,700 | ▲ € 2 million |
| Equity | € 4,217,985 | € 5,001,056 | € 5,013,090 | € 3,300,790 | ▼ 34% |
| Total debts | € 7,547,416 | € 8,397,826 | € 5,541,686 | € 6,565,766 | ▲ 18% |
| Cash | € 111,653 | € 92,787 | € 622,282 | € 541,114 | ▼ 13% |
| Retained profit | € 1,217,985 | € 2,001,056 | € 2,013,090 | € 300,790 | ▼ 85% |
| Dividend | € 0 | € 0 | € 0 | € 3,700,000 | |
| Bank debt | € 6,867,980 | € 6,997,103 | € 3,650,000 | € 1,900,000 | ▼ 48% |
| Balance sheet total | € 11,765,401 | € 13,398,882 | € 10,554,776 | € 9,866,556 | ▼ 7% |
| Employees (FTE) | 9.3 | 19.6 | 15.9 | 11.4 | ▼ 4.5 |
Key figures of JR 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 JR LOGISTICS?
What happened at JR LOGISTICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FRESH HORIZON stepped down as director. NBB
- M.G.R stepped down as director. NBB
- ETIENNE DEVILERS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2 million (▲ € 2 million vs 2024). Source: NBB ↗
- RSL MANAGEMENT stepped down as director. NBB
- I CAN stepped down as director. NBB
- PAUL VERFAELLIE stepped down as director. NBB
- FRESH HORIZON became a director. NBB
In short
From € 233,749 profit in 2022 to € 2 million profit in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Best year ever: 2025, with € 2 million profit.
On average € 108,300 of value added per employee in 2022.
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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 FRESH HORIZON, Laguinda comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
JR LOGISTICSThe shares are held by FRESH HORIZON (100%) and Laguinda (11.4%). It owns 100% of JACQUES REMY & FILS and 100% of JR TRANSPORT itself.
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Managing director · represented by XAVIER VERHOESTRAETE
Also active at: Jacques Remy et Fils, FRUDEL, POSH, TERRA VERDE, VERDURA VERDE, FRUITPACKERS, IMO Vastgoed Groep, Lokkal +12 more
since 2020 · until 2026
since 2025 · until 2031
Director · represented by GUY REYNIERS
Also active at: DSP FOOD, FLORESTAN, GREENGLASS, NUTMEG, DRYPACK, DTRA, TUFRUI, WESEARCH +1 more
since 2024 · until 2030
ETIENNE DEVILERS
Director
since 2024 · until 2030
PAUL VERFAELLIE
Director
Also active at: VERANDALAND, Jacques Remy et Fils, TERRA VERDE, VERDURA VERDE, FRUITPACKERS, Frescura, DE BOELPAEP-SEVERIJNS
since 2020 · until 2026
Shareholders
100%
11.4%
Participations
100%
100%
Establishments
Establishment units
Physical locations of this company
Werkhuizenkaai 112-154
1000 Brussel
Rue des Forgerons 102
6001 Charleroi
Active since 26 September 2020
Werkhuizenkaai 112/154
1000 Brussel
Active since 2 May 2022
Rue d'Edimbourg 70
6040 Charleroi
Active since 9 November 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →ZEGHERS
€ 16.7 million revenue · 2025
CENTRAL FRUIT
€ 21.3 million revenue · 2025
AIDA
€ 422,678 gross margin · 2025
De Kortrijkse Fruithal
FRUDICOM
€ 589,440 gross margin · 2025
+9 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
- 0746.923.160
- VAT number
- BE 0746.923.160
- Registered office
- Werkhuizenkaai 112-154, 1000 Brussel
- Names & denominations
- JR LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 2020
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Opslag
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