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Q-Logistics

Active
Public limited companyfounded 201115 yrs activeMoortelstraat 21A, 9160 Lokeren, BelgiumKBO/BCE: BE 0838.016.157
Summary

Q-Logistics has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of -€247,595. Equity is growing by ~37.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 876 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability10▼-69
Solvency70▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 2.39 in 2024; short-term debt: 36.5% and cash: 0% of total assets), and 55.2% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
44.8%
Return on assets
-8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
16 d early
2024
on the day
2023
1 d early
2022
17 d late
2021
12 d early
2020
31 d late
2019
91 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Q-Logistics was incorporated on 20 July 2011 by Q-group and VANDORS, with a starting capital of EUR 120,000.12 In 2022 the capital was increased 2 times, most recently to EUR 2 million.34 AVATOIR DE CHIMAY was merged into the company in 2022.4 The board currently has 5 members; QGROUP has served longest, since 2021.5 Total assets rose from EUR 2.1 million in 2022 to EUR 3.1 million in 2025 and headcount from 27.3 to 24.6 full-time equivalents.6

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 02-08-2011
  3. 3Belgian State Gazette, 03-06-2022
  4. 4Belgian State Gazette, 29-08-2022
  5. 5Belgian State Gazette, 08-11-2021
  6. 6National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€247,595
2024 · €273,614
Working capital
€119,350▼ 91.0%
2024 · €1.3m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€177,108▲ 54.1%-€6,266€254,538€264,764▲ 4.0%-€232,606
Net result€165,200above the sector's middle half▲ 105%-€45,137below the sector's middle half€248,647above the sector's middle half€273,614above the sector's middle half▲ 10.0%-€247,595below the sector's middle half
Equity€189,143within the sector's middle half▲ 0.1%€1.1mabove the sector's middle half▲ 492%€1.4mabove the sector's middle half▲ 22.2%€1.6mabove the sector's middle half▲ 20.0%€1.4mwithin the sector's middle half▼ 15.1%
Total assets€2.2mabove the sector's middle half▲ 92.6%€2.1mwithin the sector's middle half▼ 4.9%€2.4mabove the sector's middle half▲ 12.9%€3.4mabove the sector's middle half▲ 39.7%€3.1mwithin the sector's middle half▼ 7.5%
Debt€2.1m▲ 111%€1.0m▼ 50.7%€1.0m▲ 2.7%€1.7m▲ 65.6%€1.7m▼ 0.2%
Working capital-€92,228below the sector's middle half▲ 40.4%€928,569above the sector's middle half€1.2mabove the sector's middle half▲ 30.4%€1.3mabove the sector's middle half▲ 9.0%€119,350within the sector's middle half▼ 91.0%
Solvency8.4%below the sector's middle half▼ 7.8pp52.5%within the sector's middle half▲ 44.0pp56.8%within the sector's middle half▲ 4.3pp48.8%within the sector's middle half▼ 8.0pp44.8%within the sector's middle half▼ 4.0pp
Current ratio0.95below the sector's middle half▲ 0.121.98within the sector's middle half▲ 1.032.20within the sector's middle half▲ 0.222.39within the sector's middle half▲ 0.191.10within the sector's middle half▼ 1.29
Return on assets (ROA)7.4%within the sector's middle half▲ 0.5pp-2.1%below the sector's middle half▼ 9.5pp10.3%above the sector's middle half▲ 12.4pp8.1%within the sector's middle half▼ 2.2pp-8.0%below the sector's middle half▼ 16.1pp
Staff (FTE)27.2above the sector's middle half▼ 15.8%27.3above the sector's middle half▲ 0.4%30.2above the sector's middle half▲ 10.6%29.4above the sector's middle half▼ 2.6%24.6within the sector's middle half▼ 16.3%
above within below the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2022 Equity +492% on 2021. Merger absorbing AVATOIR DE CHIMAY, effective 01-01-2022. Capital increase of €619,200 (Official Gazette 29-08-2022).
Result per fiscal year
Operating resultNet result
-€400,000-€200,000€0€200,000Operating result 2021: €177,108€177,108Net result 2021: €165,200€165,200Operating result 2022: -€6,266-€6,266Net result 2022: -€45,137-€45,137Operating result 2023: €254,538€254,538Net result 2023: €248,647€248,647Operating result 2024: €264,764€264,764Net result 2024: €273,614€273,614Operating result 2025: -€232,606-€232,606Net result 2025: -€247,595-€247,59520212022202320242025-€400,000-€200,000€0€200,000Operating result 2023: €254,538€255,000Net result 2023: €248,647€249,000Operating result 2024: €264,764€265,000Net result 2024: €273,614€274,000Operating result 2025: -€232,606-€233,000Net result 2025: -€247,595-€248,000202320242025
The operating result turns negative in 2025: a loss of €232,606 after €264,764 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets €1.9m ▲ 69.4%
Current assets €1.3m ▼ 44.6%
Equity and liabilities €3.1m
Equity €1.4m ▼ 15.1%
Debt €1.7m ▼ 0.2%
Debt's share of the balance-sheet total rises from 51.2% to 55.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,365▼
2024 · €358,829
Cash flow
-€9,624▼
2024 · €367,679
Debt to equity
1.23▲
2024 · 1.05
ROE
-17.8%▼
2024 · 16.7%
Interest coverage
0.12▼
2024 · 22.32
Debt ≤ 1 year
€1.1m▲
2024 · €948,331
Debt > 1 year
€582,286▼
2024 · €775,158
Income taxes
€32▲
2024 · €0
Staff costs
€1.2m▼
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,687 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 94% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
5.4% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,687 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.4m€3.1m▼
Fixed assets21/28€1.1m€1.9m▲
Tangible fixed assets22/27€1.1m€816,901▼
Plant, machinery and equipment23€3,370€1,577▼
Furniture and vehicles24€63,004€48,520▼
Leasing and similar rights25€983,839€766,804▼
Financial fixed assets28€45,934€1.0m▲
Current assets29/58€2.3m€1.3m▼
Amounts receivable within one year40/41€2.2m€1.2m▼
Trade receivables40€753,343€909,333▲
Other amounts receivable41€1.5m€307,479▼
Cash at bank and in hand54/58€162€96▼
Deferred charges and accrued income490/1€44,238€40,261▼
Equity and liabilities
Total equity and liabilities10/49€3.4m€3.1m▼
Equity10/15€1.6m€1.4m▼
Contributions10/11€2.0m€2.0m=
Capital10€2.0m€2.0m=
Issued capital100€2.0m€2.0m=
Reserves13€12,000€12,000=
Non-distributable reserves130/1€12,000€12,000=
Legal reserve130€12,000€12,000=
Profit (loss) carried forward14-€386,377-€633,972▼
Amounts payable17/49€1.7m€1.7m▼
Amounts payable after more than one year17€775,158€582,286▼
Financial debts170/4€771,408€578,536▼
Other amounts payable178/9€3,750€3,750=
Amounts payable within one year42/48€948,331€1.1m▲
Current portion of amounts payable after more than one year42€216,934€194,596▼
Financial debts43-€280,535
Credit institutions430/8-€280,535
Trade debts44€554,497€513,356▼
Suppliers440/4€554,497€513,356▼
Taxes, remuneration and social security45€176,900€149,332▼
Taxes450/3€22,265€5,764▼
Remuneration and social security454/9€154,635€143,568▼
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Non-recurring operating income76A€20,495€8,500▼
Remuneration, social security and pensions62€1.4m€1.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€94,065€237,971▲
Other operating charges640/8€12,886€13,216▲
Non-recurring operating charges66A€25,732€2,204▼
Gross operating margin9900€1.8m€1.2m▼
Operating profit (loss)9901€264,764-€232,606▼
Financial income75/76B€24,929€29,459▲
Recurring financial income75€24,929€29,459▲
Financial charges65/66B€16,079€44,415▲
Recurring financial charges65€16,079€44,415▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€273,614-€247,563▼
Income taxes67/77€0€32▲
Profit (loss) for the period9904€273,614-€247,595▼
Profit (loss) for the period to be appropriated9905€273,614-€247,595▼
Appropriation of the result
Profit (loss) to be appropriated9906-€386,377-€633,972▼
Profit (loss) brought forward from the previous period14P-€659,991-€386,377▲
Social balance
Average headcount (FTE)908729.424.6▼

The notes to these accounts (30 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A--€2,250€20,495€8,500▼ 58.5%
Remuneration, social security and pensions62€934,710€1.1m€1.4m€1.4m€1.2m▼ 12.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146,349€152,831€105,270€94,065€237,971▲ 153%
Other operating charges640/8€30,182€23,711€37,361€12,886€13,216▲ 2.6%
Non-recurring operating charges66A€0--€25,732€2,204▼ 91.4%
Gross operating margin9900€1.3m€1.3m€1.8m€1.8m€1.2m▼ 30.5%
Operating profit (loss)9901€177,108-€6,266€254,538€264,764-€232,606▼ 188%
Financial income75/76B€7,100€0€9,460€24,929€29,459▲ 18.2%
Recurring financial income75€7,100€0€9,460€24,929€29,459▲ 18.2%
Financial charges65/66B€9,204€30,287€14,580€16,079€44,415▲ 176%
Recurring financial charges65€9,204€17,017€11,306€16,079€44,415▲ 176%
Non-recurring financial charges66B-€13,270€3,273€0--
Profit (loss) for the period before taxes9903€175,004-€36,553€249,418€273,614-€247,563▼ 190%
Income taxes67/77€9,805€8,584€771€0€32-
Profit (loss) for the period9904€165,200-€45,137€248,647€273,614-€247,595▼ 190%
Profit (loss) for the period to be appropriated9905€165,200-€45,137€248,647€273,614-€247,595▼ 190%
Line20212022202320242025Change
Assets
Total assets20/58€2.2m€2.1m€2.4m€3.4m€3.1m▼ 7.5%
Fixed assets21/28€386,869€256,400€186,546€1.1m€1.9m▲ 69.4%
Tangible fixed assets22/27€350,890€208,589€140,227€1.1m€816,901▼ 22.2%
Plant, machinery and equipment23-€22,858€10,588€3,370€1,577▼ 53.2%
Furniture and vehicles24€186,683€81,048€63,245€63,004€48,520▼ 23.0%
Leasing and similar rights25€164,207€104,683€66,395€983,839€766,804▼ 22.1%
Financial fixed assets28€35,979€47,811€46,319€45,934€1.0m▲ 2,164%
Current assets29/58€1.9m€1.9m€2.2m€2.3m€1.3m▼ 44.6%
Amounts receivable within one year40/41€1.8m€1.9m€2.2m€2.2m€1.2m▼ 45.3%
Trade receivables40€1.8m€672,700€1.3m€753,343€909,333▲ 20.7%
Other amounts receivable41€58,769€1.2m€895,272€1.5m€307,479▼ 79.1%
Cash at bank and in hand54/58€1,645€4,257€5,949€162€96▼ 40.8%
Deferred charges and accrued income490/1€12,646€11,080€29,686€44,238€40,261▼ 9.0%
Equity and liabilities
Total equity and liabilities10/49€2.2m€2.1m€2.4m€3.4m€3.1m▼ 7.5%
Equity10/15€189,143€1.1m€1.4m€1.6m€1.4m▼ 15.1%
Contributions10/11€120,000€2.0m€2.0m€2.0m€2.0m=
Capital10€120,000€2.0m€2.0m€2.0m€2.0m=
Issued capital100€120,000€2.0m€2.0m€2.0m€2.0m=
Reserves13€69,143€12,000€12,000€12,000€12,000=
Non-distributable reserves130/1€12,000€12,000€12,000€12,000€12,000=
Legal reserve130€12,000€12,000€12,000€12,000€12,000=
Distributable reserves133€57,143€0----
Profit (loss) carried forward14€0-€908,639-€659,991-€386,377-€633,972▼ 64.1%
Amounts payable17/49€2.1m€1.0m€1.0m€1.7m€1.7m▼ 0.2%
Amounts payable after more than one year17€105,498€65,733€29,608€775,158€582,286▼ 24.9%
Financial debts170/4€101,748€61,983€25,858€771,408€578,536▼ 25.0%
Other amounts payable178/9€3,750€3,750€3,750€3,750€3,750=
Amounts payable within one year42/48€1.9m€947,714€1.0m€948,331€1.1m▲ 20.0%
Current portion of amounts payable after more than one year42€44,822€39,765€36,125€216,934€194,596▼ 10.3%
Financial debts43----€280,535-
Credit institutions430/8----€280,535-
Trade debts44€512,155€736,017€743,592€554,497€513,356▼ 7.4%
Suppliers440/4€512,155€736,017€743,592€554,497€513,356▼ 7.4%
Taxes, remuneration and social security45€133,455€171,932€231,292€176,900€149,332▼ 15.6%
Taxes450/3€28,227€55,010€61,167€22,265€5,764▼ 74.1%
Remuneration and social security454/9€105,228€116,921€170,125€154,635€143,568▼ 7.2%
Other amounts payable47/48€1.3m€0----
Accrued charges and deferred income492/3--€0€0--
Line20212022202320242025Change
Profit (loss) for the period9904€165,200-€45,137€248,647€273,614-€247,595▼ 190%
+ Depreciation and write-downs630€146,349€152,831€105,270€94,065€237,971▲ 153%
Operating cash flow (approximation)€311,548€107,694€353,917€367,679-€9,624▼ 103%
Investment in fixed assets (approximation)--€22,362-€35,416-€1.0m-€998,663▲ 0.5%
Change in cash-€2,612€1,692-€5,786-€66▲ 98.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
21-09
State Gazette act Permanent representative: Bertus (Robert) van Ballegooijen
3 facts ▸
  • Board meeting, 31-08-2026
  • Permanent representative, Bertus (Robert) van Ballegooijen (permanent representative)
  • Board composition, Q-Group NV ((enige) bestuurder)
15-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Weakest financial yearnet -€247,595
Net result drops to -€247,595, the lowest in the series.
31-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Highest result since 2018net €273,614 ▲10%
Operating result €264,764, net result €273,614, both a record.
23-09
State Gazette act Appointment: Moore Audit BV (statutory auditor)
Permanent representatives: Aurelie Tack and Guy De Bruycker4 facts ▸
  • General meeting, 25-07-2024
  • Auditor appointment, Moore Audit BV (statutory auditor)
  • Permanent representative, Aurelie Tack
  • Permanent representative, Guy De Bruycker
30-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
15-02
State Gazette act Resignations: Q-group NV (director) and Ge & S BV (director)
Appointments: Bertus H.W. (Robert) Van Ballegooijen, Petrus H.J. (Pieter) Geraerts and 2 others · Permanent representatives: Guy De Bruycker and Gert De Bruycker · Permanent representative resignation15 facts ▸
  • General meeting, 05-12-2023
  • Director resignation, Q-group NV (director)
  • Director resignation, Ge & S BV (director)
  • Director appointment, Bertus H.W. (Robert) Van Ballegooijen (director)
  • Director appointment, Petrus H.J. (Pieter) Geraerts (director)
  • Director appointment, GDB MANAGEMENT SERVICES BV (director)
  • Director appointment, Ge & S BV (director)
  • Permanent representative, Guy De Bruycker
  • Permanent representative, Gert De Bruycker
  • Board meeting, 05-12-2023
  • Director appointment, GDB MANAGEMENT SERVICES BV (managing director)
  • Permanent representative, Guy De Bruycker
  • +3 further facts in this act
2023
31-12
Financial Back to profitnet €248,647
Net result €248,647 after one loss-making year.
17-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
31-12
Financial Liquidity doublescurrent ratio 1.98
Current ratio from 0.95 to 1.98; short-term debt falls from €1.9m to €947,714.
31-12
Financial Equity above €1mEq €1.1m ▲492%
Equity rises from €189,143 to €1.1m.
Show earlier events
29-08
State Gazette act Capital & shares · Statutes amendment · Resignations & appointments · Restructuring
Merger · Net-asset statement · Share issue11 facts ▸
  • General meeting, 15-07-2022
  • Merger, absorption, 01-01-2022
  • Net-asset statement, 31-12-2021
  • Net-asset statement, 31-12-2021
  • Share issue, 516, merger
  • Capital increase, €619.200
  • Capital increase, €1.276.675
  • Capital, €2.015.875
  • Share cancellation, 7675
  • Power of attorney, Moore LAW BV
  • Capital, €1.895.875
26-08
State Gazette act Capital & shares
Permanent representative: Guy De Bruycker · Merger2 facts ▸
  • Permanent representative, Guy De Bruycker
  • Merger, inbreng in natura ingevolge de fusie
19-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
03-06
State Gazette act Restructuring
Permanent representatives: Guy De Bruycker and Gert De Bruycker · Appointment: MOORE AUDIT BV (statutory auditor) · Merger16 facts ▸
  • Merger, fusie door overneming
  • Capital, €1.895.875
  • Board composition, Q-GROUP NV (director)
  • Permanent representative, Guy De Bruycker
  • Capital, €120.000
  • Board composition, Q-GROUP NV (director)
  • Board composition, GE&S BV (director)
  • Permanent representative, Guy De Bruycker
  • Permanent representative, Gert De Bruycker
  • Share issue, 516, fusie door overneming
  • Capital increase, €619.200
  • Accounting effect, 01-01-2022
  • +4 further facts in this act
22-02
State Gazette act Resignation: Wendy Van der Biest (permanent representative)
Permanent representatives: Aurelie Tack and Guy De Bruycker3 facts ▸
  • Director resignation, Wendy Van der Biest (permanent representative)
  • Permanent representative, Aurelie Tack (permanent representative)
  • Permanent representative, Guy De Bruycker (permanent representative)
2021
08-11
State Gazette act Reappointments: QGROUP, GE & S and Moore Audit
Permanent representatives: Guy DE BRUYCKER and Gert DE BRUYCKER · Statutes amendment · Capital11 facts ▸
  • General meeting, 26-10-2021
  • General meeting, 27-08-2021
  • Director reappointment, QGROUP (director)
  • Permanent representative, Guy DE BRUYCKER
  • Director reappointment, GE & S (director)
  • Permanent representative, Gert DE BRUYCKER
  • Auditor reappointment, Moore Audit
  • Statutes amendment
  • Statutes amendment
  • Capital, €120.000
  • Power of attorney, Q-LOGISTICS
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
03-03
State Gazette act Permanent representative: Guy De Bruycker
Statutes amendment3 facts ▸
  • General meeting, 21-01-2021
  • Statutes amendment
  • Permanent representative, Guy De Bruycker
2020
31-12
Financial Back to profitnet €80,442
Net result €80,442 after one loss-making year.
31-12
Financial Equity above €150,000Eq €188,943 ▲74.1%
Equity rises from €108,501 to €188,943.
17-11
State Gazette act Resignations: ILEX ADVIES BV (director) and Luc Verhulst (permanent representative)
Appointments: GE & S BV (director) and Q-Group NV (managing director) · Permanent representatives: Gert De Bruycker, Guy De Bruycker and GDB Management Services BV · Director discharge16 facts ▸
  • General meeting, 01-10-2020
  • Director resignation, ILEX ADVIES BV (director)
  • Director resignation, Luc Verhulst (permanent representative)
  • Director resignation, ILEX ADVIES BV (managing director)
  • Director discharge, ILEX ADVIES BV
  • Director appointment, GE & S BV (director)
  • Mandate compensation, GE & S BV
  • Board meeting, 01-10-2020
  • Director appointment, Q-Group NV (managing director)
  • Board composition, Q-Group NV (gedelegeerd bestuurder, bestuurder en voorzitter van de raad van bestuur)
  • Board composition, GE & S BV (director)
  • Permanent representative, Gert De Bruycker
  • +4 further facts in this act
30-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
29-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
29-11
State Gazette act Reappointment: Moore Stephens Audit BV CVBA (statutory auditor)
Permanent representatives: Peter Verschelden and Wendy Van der Biest4 facts ▸
  • General meeting, 30-06-2018
  • Auditor reappointment, Moore Stephens Audit BV CVBA
  • Permanent representative, Peter Verschelden
  • Permanent representative, Wendy Van der Biest
22-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
11-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
10-06
State Gazette act Resignation: Etienne De Bruycker (permanent representative)
Permanent representative: Guy De Bruycker · Reappointment: Q-Group BV 3V ow NV (bestuurder en voorzitter raad van bestuur)4 facts ▸
  • General meeting, 09-05-2016
  • Director resignation, Etienne De Bruycker (permanent representative)
  • Permanent representative, Guy De Bruycker
  • Director reappointment, Q-Group BV 3V ow NV (bestuurder en voorzitter raad van bestuur)
2015
13-10
State Gazette act Resignations: Moore Stephens Strategy & Operations BVBA (director and managing director) and Van Havermaet Groenweghe Bedrijfsrevisoren CVBA (statutory auditor)
Appointments: Ilex Advies BVBA (director and managing director) and Moore Stephens Audit BV ovv CVBA (statutory auditor) · Permanent representative: Luc Verhulst · Mandate compensation7 facts ▸
  • General meeting, 07-09-2015
  • Director resignation, Moore Stephens Strategy & Operations BVBA (director and managing director)
  • Director appointment, Ilex Advies BVBA (director and managing director)
  • Permanent representative, Luc Verhulst
  • Auditor resignation, Van Havermaet Groenweghe Bedrijfsrevisoren CVBA
  • Auditor appointment, Moore Stephens Audit BV ovv CVBA
  • Mandate compensation, Moore Stephens Audit BV ovv CVBA
2014
14-05
State Gazette act Appointments: Van Havermaet Groenweghe Bedrijfsrevisoren CVBA (statutory auditor) and X-Stra BVBA (statutory auditor)
Permanent representatives: Johan De Coster and Luc Verhulst · Auditor resignation6 facts ▸
  • General meeting, 17-04-2014
  • Auditor resignation, statutory auditor
  • Auditor appointment, Van Havermaet Groenweghe Bedrijfsrevisoren CVBA
  • Auditor appointment, X-Stra BVBA
  • Permanent representative, Johan De Coster
  • Permanent representative, Luc Verhulst
2013
04-09
State Gazette act Reappointment: CVBA Moore Stephens Verschelden (statutory auditor)
Permanent representatives: Peter Verschelden and Wendy Van der Biest4 facts ▸
  • General meeting, 29-05-2013
  • Auditor reappointment, CVBA Moore Stephens Verschelden (statutory auditor)
  • Permanent representative, Peter Verschelden
  • Permanent representative, Wendy Van der Biest
2011
02-08
State Gazette act Incorporation
Appointments: Q-group, X-stra and Moore Stephens Verschelden Bedrijfsrevisoren · Permanent representatives: Philemon Etienne Mariette De Bruycker and Luc Verhulst · Founding capital16 facts ▸
  • Incorporation, 07-07-2011
  • Founding capital, €120.000
  • Bank account, bijzondere rekening bij de naamloze vennootschap KBC Bank
  • Director appointment, Q-group (director)
  • Director appointment, X-stra (director)
  • Permanent representative, Philemon Etienne Mariette De Bruycker
  • Permanent representative, Luc Verhulst
  • Mandate compensation, Q-group
  • Mandate compensation, X-stra
  • Auditor appointment, Moore Stephens Verschelden Bedrijfsrevisoren (statutory auditor)
  • Power of attorney, Moore Stephens Verschelden Accountants & Belastingconsulenten
  • Director appointment, Q-group (chair of the board)
  • +4 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
16 of 17 acts read
About the unread acts

Of the 17 Belgian State Gazette acts we know for this company, 16 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 directors, 1 in day-to-day management, last change in 2024

Board 5

QGROUP
Director · since 27-08-2021 · Legal entity · perm. rep.: Guy DE BRUYCKER
Current
Bertus H.W. (Robert) Van Ballegooijen
Director · since 01-01-2024
Current
GDB MANAGEMENT SERVICES
Director · since 01-01-2024 · Private limited company · perm. rep.: Guy De Bruycker
Current
Ge & S
Director · since 01-01-2024 · Private limited company · perm. rep.: Gert De Bruycker
Current
Petrus H.J. (Pieter) Geraerts
Director · since 01-01-2024
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Q- FOOD
Bestuurder en voorzitter raad van bestuur · since 01-01-2016 · Public limited company
Not recently confirmed

Day-to-day management 1

GDB MANAGEMENT SERVICES
Managing director · since 01-01-2024 · Private limited company · perm. rep.: Guy De Bruycker
Current

Permanent representatives 2

Gert De Bruycker
Permanent representative · since 01-01-2024 · for Ge & S
Current
Guy De Bruycker
Permanent representative · since 01-01-2024 · for GDB MANAGEMENT SERVICES
Current

Statutory auditor 1

Moore Audit
Statutory auditor · since 30-06-2018 · perm. rep.: Aurelie Tack
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 17 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
1.4 ha
Building footprint
3,232 m²
Volume, LiDAR
29,349 m³
Parcel 46382B1453/00B000, Flanders · tallest building 15.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Q-Logistics
Moortelstraat 21A, 9160 LokerenFreight transport by road
since 20112.202.488.730
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46382B1453/00B000 Flanders 1.4 ha 1 · 3,232 m² 15.9 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

15 people since 2011, 7 in office
Show
  • Board
  • Day-to-day management
  • Permanent representative
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Ge & S
  • Director, from 01-10-2020 to date
QGROUP
  • Director, already before 27-08-2021 to date
Bertus H.W. (Robert) Van Ballegooijen
  • Director, from 01-01-2024 to date
GDB MANAGEMENT SERVICES
  • Director, from 01-01-2024 to date
  • Managing director, from 01-01-2024 to date
Petrus H.J. (Pieter) Geraerts
  • Director, from 01-01-2024 to date
Moore Audit
  • Statutory auditor, from 30-06-2018 to date
Q- FOOD
  • Bestuurder en voorzitter raad van bestuur, already before 01-01-2016 not ended, last confirmed 10-06-2016
Q-group
  • Chair of the board, from 07-07-2011 ended, last mentioned 02-08-2011
  • Director, from 07-07-2011 to 01-01-2024
  • Managing director, from 01-10-2020 ended, last mentioned 17-11-2020
ILEX Advies
  • Director and managing director, from 01-07-2015 to 30-09-2020
  • Director and managing director, from 01-07-2015 to 30-09-2020
Luc Verhulst
  • Permanent representative, until 30-09-2020
Moore Stephens Audit BV ovv CVBA
  • Auditor, from 07-09-2015 to 30-06-2018
CVBA Van Havermaet Groenweghe Bedrijfsrevisoren
  • Auditor, from 17-04-2014 to 07-09-2015
X-Stra BVBA
  • Auditor, from 17-04-2014 to 07-09-2015
Moore Strategy & Operations
  • Director, from 07-07-2011 to 01-07-2015
  • Managing director, from 07-07-2011 to 01-07-2015
MOORE STEPHENS VERSCHELDEN CVBA
  • Statutory auditor, from 07-07-2011 to 17-04-2014
See the board, name and seat on a given date →

Articles of association

Purpose
De vennootsohap heeft tot voorwerp zowel in België als in het buitenland, in eigen naam of in naam van derden, zowel voor eigen rekening, voor rekening van derden, als voor…
Full purpose

De vennootsohap heeft tot voorwerp zowel in België als in het buitenland, in eigen naam of in naam van derden, zowel voor eigen rekening, voor rekening van derden, als voor gezamenlijke rekening: -het vervoer, zowel nationaal als internationaal, per spoor, te water, langs de weg en de lucht; -de verhuur van alle roerende en onroerende goederen, en meer in het bijzonder van vrachtwagens, kraanwagens, heftrucks en dergelijke meer; -de op-en overslag, alsmede het stockbeheer voor rekening van derden; -het verzekeren van distributiediensten of nog het verpakken, verzenden en conditioneren van goederen voor het cliënteel; Louter en alleen voor eigen rekening: -Het aanleggen, het oordeelkundig uitbouwen en beheren van haar onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen; de aan- en verkoop, huur en verhuur van roerende goederen, alsmede alle handelingen, die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van verbintenissen door derden aangegaan, die het genot zouden hebben van deze roerende en onroerende zaken. -Het aanleggen, het oordeelkundig uitbouwen en beheren van haar roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen. Alles in de meest uitgebreide zin genomen. De vennootschap mag haar voorwerp verwezenlijken, zo in België als in het buitenland, op alle wijzen en manieren die zij het best geschikt zou achten. De vennootschap mag alle hoegenaamde industriële, commerciële, roerende of onroerende en financiële verrichtingen uitvoeren die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp. Zij mag belangen nemen bij wijze van inbreng, fusie, inschrijving, participatie, financiële tussenkomst of op elke andere manier in alle ondernemingen of vennootschappen, die een samenhangend of gelijkaardig voorwerp hebben aan het hare of die van aard zijn, zelfs op onrechtstreekse wijze, de realisatie van haar onderneming te bevorderen. Zij kan zelfs alle medewerkings- associatie- of rationalisatiecontracten of andere tekenen dergelijke ondernemingen of vennootschappen. met Zij mag zich voor deze vennootschappen borg stellen of aval verlenen, voorschotten en krediet toestaan, hypothecaire of andere waarborgen verstrekken. Zij mag haar onroerende goederen in hypotheek en al haar andere goederen, inbegrepen haar handelsfonds, in pand geven, en mag aval verlenen voor alle leningen, kredietopeningen en andere verbintenissen zowel voor haarzelf als voor alle derden, op voorwaarde dat zij er zelf belang bij heeft. Zij kan de functie van bestuurder of vereffenaar van andere vennootschappen uitoefenen. Deze opsomming is niet beperkend noch bepalend en dient in de breedste zin uitgelegd te worden.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Q-group 100%
  2. Q-Logistics

Highest known parent: Q-group. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of Q-Logistics and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

3 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Q- FOOD
Shared corporate director
→
Q-food Ardenne
Shared corporate director
→
SALAISONS DU HAINAUT
Shared corporate director
→

Acquisitions and mergers

2 transactions
Took over:AVATOIR DE CHIMAY
merger by absorption · State Gazette act of 29-08-2022 · effective 01-01-2022
BE 0249.759.756merger by absorption · proposal · State Gazette act of 03-06-2022

Capital and shareholders

Shareholders according to the acts
At incorporation act of 02-08-2011 ↗
  • Q-group (BE 0454.859.625) 86 shares · 103,200 EUR in cash
  • VANDORS (BE 0871.580.533) 14 shares · 16,800 EUR in cash

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 29-08-2022 Capital increase of 619,200 EUR · to 739,200 EUR
  2. 29-08-2022 Capital increase of 1,276,675 EUR · to 2,015,875 EUR
  3. 03-06-2022 Capital increase of 619,200 EUR · to 739,200 EUR
  4. 08-11-2021 Capital stated in the act · 120,000 EUR · 100 shares
  5. 02-08-2011 Incorporation · 120,000 EUR · 100 shares

Public money · subsidies and aid

Flemish government

2022 to 2025 · 7 entries · 11,531 EUR awarded · 11,531 EUR paid
Year Entries awardedpaid
2025 1 1,317 EUR1,373 EUR
2024 2 2,602 EUR2,546 EUR
2023 2 144 EUR666 EUR
2022 2 7,468 EUR6,946 EUR
Schemes
2 entries · 6,678 EUR · 6,678 EUR paid · Departement Werk en Sociale Economie
4 entries · 3,098 EUR · 3,098 EUR paid · Fonds voor Innoveren en Ondernemen
1 entry · 1,755 EUR · 1,755 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site
Lokeren2.202.488.730
1 permission
Vervoer levensmiddelen onder gecontroleerde temperatuur en/of atmosfeer · since 05-12-2011

Similar companies · same sector, comparable size

Of 12,582 companies in sector 49410 we hold annual accounts for 8,203. 3,626 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded20-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:0838016157
Also 9925:BE0838016157

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.