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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Shrinking team NBB
FTE fell two years in a row, from 269.3 to 239.6.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
DB CARGO BELGIUM from Antwerpen, company number BE0831406596, closed financial year 2025 with a result of € 290,905 after tax. For that financial year DB CARGO BELGIUM recorded revenue of € 52 million and equity of € 2.4 million. Compared with financial year 2024, the result moved from € 1.3 million to € 290,905. 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 July 7, 2026.
€ 2.4 million
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 290,905
▼ 78% vs 2024
Profit after tax over the fiscal year.
€ 7.3 million
▼ 25% 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 € -15.3 million.
People and assets in 2025
239.6
▼ 20.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 29.8 million
▼ 12% vs 2024
€ 124,500 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.
€ 154,961
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3.7 million
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 53 days on average.
€ 7.9 million
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 45,413,059 | € 57,213,838 | € 58,300,836 | € 51,991,956 | ▼ 11% |
| Profit after taxes | € -7,912,978 | € -135,488 | € 1,307,106 | € 290,905 | ▼ 78% |
| Equity | € -6,582,051 | € 782,461 | € 2,089,566 | € 2,380,471 | ▲ 14% |
| Total debts | € 11,989,013 | € 12,420,833 | € 14,042,508 | € 11,660,534 | ▼ 17% |
| Cash | € 221,045 | € 2,434,329 | € 9,751,632 | € 7,267,052 | ▼ 25% |
| Land & buildings | € 50,211 | € 21,379 | € 16,034 | € 10,690 | ▼ 33% |
| Retained profit | € -16,782,051 | € -16,917,539 | € -15,610,434 | € -15,319,529 | ▲ € 290,905 |
| Balance sheet total | € 5,406,962 | € 13,203,294 | € 16,972,733 | € 14,369,920 | ▼ 15% |
| Employees (FTE) | 258.8 | 269.3 | 260.2 | 239.6 | ▼ 20.6 |
Key figures of DB CARGO BELGIUM, 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 DB CARGO BELGIUM?
What happened at DB CARGO BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Torsten Gülker stepped down as director. NBB
- Stefan Kibbas stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 290,905 (▼ 78% vs 2024). Source: NBB ↗
- Torsten Gülker became a director. NBB
- Stefan Kibbas became a director. NBB
- New establishment in Brugge. KBO
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 7.9 million loss in 2022 to € 290,905 profit in 2025.
Paid € 3.1 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.3 million profit.
Pays suppliers within 53 days on average.
A new publication or filing at DB CARGO BELGIUM? 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
The shares are held by DB Cargo AG (100%).
Directors
According to the 2025 annual accounts
Stefan Kibbas
Director
since 2025 · until 2027
Torsten Gülker
Director
since 2025 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Noorderlaan 111 box 17
2030 Antwerpen
Doverlaan 7
8380 Brugge
Active since 1 September 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →ToMACH ENGINEERING
€ 2.4 million revenue · 2025
G.D.S. TRANS SERVICE
€ 825,596 gross margin · 2025
Elements Real Estate
€ -4,664 gross margin · 2024
Tilsit
€ -6,722 gross margin · 2025
Elements Real Estate II
€ -17,154 gross margin · 2024
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0831.406.596
- VAT number
- BE 0831.406.596
- Registered office
- Noorderlaan 111 bus 17, 2030 Antwerpen
- Names & denominations
- DB CARGO BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 November 2010
- Peppol
- Not registered
- Contact
- wisselvanspoor.be
- Activities · NACE
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