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
97 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GM Logistics Parks from Etterbeek, company number BE0777858242, closed financial year 2025 with a result of € 11.9 million after tax. For that financial year GM Logistics Parks recorded a gross margin of € -132,243 and equity of € 50.6 million. Compared with financial year 2024, the result moved from € 908,996 to € 11.9 million. 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 July 1, 2026.
€ 50.6 million
▲ 87% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11.9 million
▲ € 11 million vs 2024
Profit after tax over the fiscal year.
€ 1.4 million
▼ 48% 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 € -23.7 million.
Debts at end 2025
€ 202.7 million
▲ 15% vs 2024
Loans from banks and other lenders, long and short.
€ 38,203
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 36,788
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 | € -979,790 | € -141,457 | € -149,134 | € -132,243 | ▲ € 16,891 |
| Profit after taxes | € -5,549,913 | € -30,943,662 | € 908,996 | € 11,863,071 | ▲ € 11 million |
| Equity | € 44,576,086 | € 17,142,010 | € 27,065,421 | € 50,578,492 | ▲ 87% |
| Total debts | € 146,774,654 | € 189,552,557 | € 176,331,258 | € 205,046,570 | ▲ 16% |
| Cash | € 2,075,613 | € 2,616,420 | € 2,575,423 | € 1,351,891 | ▼ 48% |
| Retained profit | € -5,549,913 | € -36,493,575 | € -35,584,579 | € -23,721,508 | ▲ € 11.9 million |
| Bank debt | € 145,726,423 | € 171,644,047 | € 175,563,810 | € 202,713,724 | ▲ 15% |
| Balance sheet total | € 191,350,740 | € 206,694,567 | € 203,396,679 | € 255,625,062 | ▲ 26% |
Key figures of GM Logistics Parks, 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 GM Logistics Parks?
What happened at GM Logistics Parks in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ARDEF BV stepped down as director. NBB
- Wail Kodoud stepped down as director. NBB
- PRODIT BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 11.9 million (▲ € 11 million vs 2024). Source: NBB ↗
- Piet Van Poppel BV stepped down as director. NBB
- ARDEF BV became a director. NBB
- Wail Kodoud became a director. NBB
- Piet Van Poppel BV became a director. NBB
In short
From € 5.5 million loss in 2022 to € 11.9 million profit in 2025.
Paid € 196,595 in corporate taxes since 2022.
Best year ever: 2025, with € 11.9 million 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
It owns 100% of MG Parc Fredericia 8 ApS, 100% of MG Parc Fredericia 7 ApS, 100% of MG Parc Fredericia 4 ApS, 100% of MG Parc Fredericia 6 ApS, 100% of MG Parc Fredericia 3 ApS and 100% of Bambus NV itself.
Directors
According to the 2025 annual accounts
Klasse A Bestuurder · represented by Arthur De Four
Also active at: CBRE Investment Management Belgium, REI Belgium Fonsny, Europe Logistics Partners Mechelen, Europe Logistics Partners Liège I, REI BELGIUM PUURS, BAMBUS, Europe Logistics Partners Willebroek II, Shopping Rive Gauche +12 more
since 2025 · until 2030
Klasse A bestuurder · represented by Pieter Van Poppel
Also active at: CBRE Investment Management Belgium, REI Belgium Fonsny, IMMO SIM, Europe Logistics Partners Liège I, REI BELGIUM PUURS, Jelo Invest, BAMBUS, Europe Logistics Partners Willebroek II +13 more
since 2021 · until 2025
Klasse B Bestuurder · represented by Ignace Tytgat
Also active at: MG CITY STATION, STASIMO, Maple Land, Celtis Julianae, ABIES ALBA, DULLE GRIET GARDEN, SASAELLA, FAGIUS +42 more
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Belliardstraat 40 box 6
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 97 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0777.858.242
- VAT number
- BE 0777.858.242
- Registered office
- Belliardstraat 40 bus 6, 1040 Etterbeek
- Names & denominations
- GM Logistics Parks
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2021
- Peppol
- Active · Active since 7 Jan 2026