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 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 |
By gross margin, Q-Logistics ranks 7th of 33 companies with main activity “Goederenvervoer over de weg” in Lokeren that publish figures (fiscal year 2025).
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.
Ask about Q-Logistics the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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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.
Similar companies in Lokeren
Same main activity (Goederenvervoer over de weg), 42 active companies in Lokeren, largest first.
€ 23.2 million revenue · 2025
€ 9.3 million gross margin · 2025
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€ 4.1 million gross margin · 2025
Quatra Transport International
€ 2.9 million gross margin · 2025
€ 2.8 million gross margin · 2025
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Q-group(oprichter) 86%
- VANDORS(oprichter) 14%
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
Goederenvervoer over de weg