Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
BRUSSELS SOUTH LOGISTICS from Brussel, company number BE0778679475, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year BRUSSELS SOUTH LOGISTICS recorded a gross margin of € 2.8 million and equity of € 290,268. Compared with financial year 2024, the result moved from € -199,982 to € 1.6 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 290,268
▲ € 1.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▲ still € 199,982 loss in 2024
Profit after tax over the fiscal year.
€ 806,114
▲ 30% 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 € -4.4 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 20.2 million
▲ 7% vs 2024
Loans from banks and other lenders, long and short.
€ 75,300
▼ 89% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 58,276
▲ 41% 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 | € 673,906 | € 792,448 | € 844,355 | € 2,832,521 | ▲ 235% |
| Profit after taxes | € -4,794,842 | € -1,007,901 | € -199,982 | € 1,642,992 | ▲ € 1.8 million |
| Equity | € -144,841 | € -1,152,742 | € -1,352,724 | € 290,268 | ▲ € 1.6 million |
| Total debts | € 19,908,074 | € 19,392,252 | € 19,984,803 | € 20,691,593 | ▲ 4% |
| Cash | € 937,477 | € 692,258 | € 621,100 | € 806,114 | ▲ 30% |
| Land & buildings | € 18,400,000 | € 17,050,000 | € 17,587,587 | € 19,650,000 | ▲ 12% |
| Retained profit | € -4,794,842 | € -5,802,743 | € -6,002,725 | € -4,359,733 | ▲ € 1.6 million |
| Bank debt | € 19,311,351 | € 18,901,351 | € 18,901,351 | € 20,201,351 | ▲ 7% |
| Balance sheet total | € 19,763,233 | € 18,239,509 | € 18,632,079 | € 20,981,861 | ▲ 13% |
Key figures of BRUSSELS SOUTH 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 BRUSSELS SOUTH LOGISTICS?
What happened at BRUSSELS SOUTH 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 € 1.6 million. Source: NBB ↗
- New establishment in Brussel. KBO
- Gérard Philippson became a director. NBB
- Serge Declerck became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4.8 million loss in 2022 to € 1.6 million profit in 2025.
Best year ever: 2025, with € 1.6 million profit.
A new publication or filing at BRUSSELS SOUTH LOGISTICS? We notify you, reason included.
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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
Behind BRUSSELS SOUTH LOGISTICS are Gérard Philippson and Serge Declerck. The shares are held by ILIM EUROPEAN REAL ESTATE LUX HOLDCO (100%).
Directors
According to the 2025 annual accounts
Gérard Philippson
Director
Also active at: INNOVATIE CONSTRUCTION COMPANY, CROWN BUILDING, JAMESINVEST, LIVINGSTONE II, SLA Belgium No.1, Oeverloos, INDUSTRIAL DEVELOPMENT COMPANY, APER TB BRUGES +2 more
since 2021
Serge Declerck
Director
Also active at: CROWN BUILDING, PARIFRI, FAIR INVEST, IMMO WATER WEYDE, OGIMA INVEST, AIRPORT BORDER, ZEEMST, Financière Le Play +24 more
since 2021
Shareholders
ILIM EUROPEAN REAL ESTATE LUX HOLDCO
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
de Meeûssquare 35
1000 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0778.679.475
- VAT number
- BE 0778.679.475
- Registered office
- de Meeûssquare 35, 1000 Brussel
- Names & denominations
- BRUSSELS SOUTH LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 2021
- Peppol
- Active · Active since 2 Apr 2026
- Activities · NACE
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