Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GARWIG LOGISTICS from Houthulst, company number BE0827893218, closed financial year 2025 with a result of € -23,849 after tax. For that financial year GARWIG LOGISTICS recorded revenue of € 6.3 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 164,798 to € -23,849. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 1.5 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,849
▼ still € 164,798 profit in 2024
Profit after tax over the fiscal year.
€ 162,501
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.5 million.
People and assets in 2025
0
▼ 43.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.7 million
▲ 7% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4 million
▼ 9% vs 2024
Of which on lease € 3.6 million.
Debts at end 2025
€ 3.1 million
▼ 16% vs 2024
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 534,862
▲ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 73 days on average.
€ 316,290
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,873,101 | € 5,937,035 | € 6,100,829 | € 6,348,767 | ▲ 4% |
| Profit after taxes | € 220,208 | € 218,342 | € 164,798 | € -23,849 | ▼ € 188,647 |
| Equity | € 1,128,733 | € 1,347,075 | € 1,511,873 | € 1,488,024 | ▼ 2% |
| Total debts | € 3,229,666 | € 3,443,131 | € 4,416,213 | € 3,993,364 | ▼ 10% |
| Cash | € 341,652 | € 269,716 | € 215,533 | € 162,501 | ▼ 25% |
| Retained profit | € 1,108,733 | € 1,327,075 | € 1,491,873 | € 1,468,024 | ▼ 2% |
| Bank debt | € 2,411,246 | € 2,735,622 | € 3,717,480 | € 3,138,250 | ▼ 16% |
| Balance sheet total | € 4,358,399 | € 4,790,206 | € 5,928,085 | € 5,481,388 | ▼ 8% |
| Employees (FTE) | 42.4 | 42.1 | 43.8 | 0 | ▼ 43.8 |
Key figures of GARWIG 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 GARWIG LOGISTICS?
What happened at GARWIG LOGISTICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,849 (▼ € 188,647 vs 2024). filed late Source: NBB ↗
- New establishment in Houthulst. KBO
- Start of the company according to the CBE. KBO
In short
From € 220,208 profit in 2022 to € 23,849 loss in 2025.
Paid € 225,783 in corporate taxes since 2022.
Best year ever: 2022, with € 220,208 profit.
Pays suppliers within 73 days on average.
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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 GARWIG LOGISTICS are Steven GARWIG and Xavier GARWIG. The same people are also behind GARWIG. Xavier GARWIG is also behind GST RECYCLING.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Poelkapellestraat 18
8650 Houthulst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0827.893.218
- VAT number
- BE 0827.893.218
- Registered office
- Poelkapellestraat 18, 8650 Houthulst
- Names & denominations
- GARWIG LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2010
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
Goederenvervoer over de weg
Overige vrachtbehandeling, exclusief in zeehavens
Logistieke diensten
Overige vervoerondersteunende activiteiten