Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 30.2 to 24.6.
Financials
Financial year 2025
Q-Logistics from Lokeren, company number BE0838016157, closed financial year 2025 with a result of € -247,595 after tax. For that financial year Q-Logistics recorded a gross margin of € 1.2 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 273,614 to € -247,595. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 1.4 million
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -247,595
▼ still € 273,614 profit in 2024
Profit after tax over the fiscal year.
€ 96
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -621,972.
People and assets in 2025
24.6
▼ 4.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 12% vs 2024
€ 49,700 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.
€ 815,324
▼ 22% vs 2024
Of which on lease € 766,804.
Debts at end 2025
€ 1.1 million
▲ 7% vs 2024
€ 194,596 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 513,356
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 149,332
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,288,348 | € 1,797,063 | € 1,788,425 | € 1,242,701 | ▼ 31% |
| Profit after taxes | € 165,200 | € 248,647 | € 273,614 | € -247,595 | ▼ € 521,209 |
| Equity | € 189,143 | € 1,367,884 | € 1,641,498 | € 1,393,903 | ▼ 15% |
| Total debts | € 2,054,077 | € 1,040,616 | € 1,723,489 | € 1,720,105 | |
| Cash | € 1,645 | € 5,949 | € 162 | € 96 | ▼ 41% |
| Retained profit | € 69,143 | € -647,991 | € -374,377 | € -621,972 | ▼ € 247,595 |
| Dividend | € 165,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 146,570 | € 61,983 | € 988,343 | € 1,053,667 | ▲ 7% |
| Balance sheet total | € 2,243,220 | € 2,408,500 | € 3,364,987 | € 3,114,008 | ▼ 7% |
| Employees (FTE) | 27.2 | 30.2 | 29.4 | 24.6 | ▼ 4.8 |
Key figures of Q-Logistics, fiscal years 2021 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 Q-Logistics?
What happened at Q-Logistics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Q-group NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 247,595 (▼ € 521,209 vs 2024). Source: NBB ↗
- P.H.J (Pieter) Geraerts stepped down as director. NBB
- GDB Management Services BV stepped down as director. NBB
- Q-group NV became a director. NBB
- GE&S BV stepped down as director. NBB
- B.H.W. (Robert) Van Ballegooijen stepped down as director. NBB
- P.H.J (Pieter) Geraerts became a director. NBB
In short
From € 165,200 profit in 2021 to € 247,595 loss in 2025.
Paid € 10,607 in corporate taxes since 2021.
Best year ever: 2024, with € 273,614 profit.
On average € 50,500 of value added per employee in 2025.
Management
The shares are held by Q-group NV (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Guy De Bruycker
Also active at: SALAISONS DU HAINAUT, Q-beef, De Bruycker, Q- FOOD, Q-group, Q-food Ardenne, Q-ENERGY
since 2024 · until 2026
Director · represented by Ann Biebuyck
Owns 2.3% via Q-group NV
Also active at: SALAISONS DU HAINAUT, Q-beef, Q-food Ardenne, Q-ENERGY, Slachthuis Velzeke
since 2026 · until 2032
Director · represented by Gert De Bruycker
Owns 10.4% via Q-group NV
Also active at: SALAISONS DU HAINAUT, Q-beef, De Bruycker, Q- FOOD, Q-group, Q-food Ardenne, Q-ENERGY
since 2024 · until 2026
B.H.W. (Robert) Van Ballegooijen
Director
Also active at: SALAISONS DU HAINAUT, Q-beef, Q-group, Q-ENERGY
since 2024 · until 2026
Shareholders
Q-group NV · holding of GE&S BV
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Moortelstraat 21A
9160 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0838.016.157
- VAT number
- BE 0838.016.157
- Registered office
- Moortelstraat 21A, 9160 Lokeren
- Names & denominations
- Q-Logistics
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 July 2011
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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