Tailormade Logistics Westerlo
ActiveThe computed 12-month bankruptcy probability of Tailormade Logistics Westerlo is 1.9% (moderate). The 2025 annual accounts show equity of €4.07M and a net result of €1.09M. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 864 sector peers (fiscal year 2025). The company has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-2
Solvency56▼-15
Growth62▲+16
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.82 in 2024; short-term debt: 65.4% and cash: 1.7% of total assets), and 68.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.3%
Return on assets
8.4%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
on the day
2022
29 d late
2021
5 d early
2020
2 d early
2019
46 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€23.80M▼ 2.4%
2024 · €24.38M
2022: €24.49M
2023: €29.58M
2024: €24.38M
2022 → 2025
EBIT margin
7.5%▲ 1.3pp
2024 · 6.2%
2022: 3.6%
2023: 8.8%
2024: 6.2%
2022 → 2025
Net result
€1.09M▲ 3.3%
2024 · €1.05M
2018: €1.06M
2019: €1.71M
2021: €2.11M
2022: €664k
2023: €1.95M
2024: €1.05M
2018 → 2025
Working capital
€3.25M▼ 9.0%
2024 · €3.58M
2018: €1.02M
2019: €-475k
2021: €1.32M
2022: €292k
2023: €2.35M
2024: €3.58M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€24.49M€29.58M▲ 20.8%€24.38M▼ 17.6%€23.80M▼ 2.4%
Equity€2.08M-€1.55M▼ 25.2%€3.48M▲ 124%€4.50M▲ 29.4%€4.07M▼ 9.6%
Operating result€2.76M-€870k▼ 68.5%€2.61M▲ 199%€1.52M▼ 41.6%€1.79M▲ 17.7%
Net result€2.11M-€664k▼ 68.5%€1.95M▲ 194%€1.05M▼ 46.0%€1.09M▲ 3.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.01M
Fixed assets
€1.25M▼ 29.5%
Current assets
€11.76M▲ 47.7%
Equity and liabilities €13.01M
Equity
€4.07M▼ 9.6%
Debt
€8.94M▲ 70.9%
The debt ratio rises from 53.8% to 68.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2.30M=
2024 · €2.30M
Cash flow
€1.60M▼
2024 · €1.83M
Solvency
31.3%▼
2024 · 46.2%
Current ratio
1.38▼
2024 · 1.82
Quick ratio
1.38▼
2024 · 1.82
Debt / equity
2.20▲
2024 · 1.16
ROE
26.8%▲
2024 · 23.4%
ROA
8.4%▼
2024 · 10.8%
Interest coverage
8.02▼
2024 · 20.38
Debt
€8.94M▲
2024 · €5.23M
Debt ≤ 1 year
€8.50M▲
2024 · €4.38M
Debt > 1 year
€414k▼
2024 · €817k
Income taxes
€429k▲
2024 · €405k
Staff costs
€7.67M▼
2024 · €8.38M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9.73M€13.01M▲
Fixed assets21/28€1.77M€1.25M▼
Intangible fixed assets21€1k€0▼
Tangible fixed assets22/27€1.75M€1.24M▼
Plant, machinery and equipment23€189k€139k▼
Furniture and vehicles24€194k€129k▼
Leasing and similar rights25€1.33M€933k▼
Other tangible fixed assets26€45k€40k▼
Financial fixed assets28€11k€5k▼
Other financial fixed assets284/8€11k€5k▼
Amounts receivable and cash guarantees285/8€11k€5k▼
Current assets29/58€7.96M€11.76M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€7.47M€11.33M▲
Trade receivables40€7.10M€1.92M▼
Other amounts receivable41€365k€9.41M▲
Cash at bank and in hand54/58€191k€215k▲
Deferred charges and accrued income490/1€303k€216k▼
Equity and liabilities
Total equity and liabilities10/49€9.73M€13.01M▲
Equity10/15€4.50M€4.07M▼
Contributions10/11€1.02M€1.02M=
Capital10€1.02M€1.02M=
Issued capital100€1.02M€1.02M=
Reserves13€3.45M€3.04M▼
Non-distributable reserves130/1€221k€221k=
Legal reserve130€221k€221k=
Tax-exempt reserves132€29k€29k=
Distributable reserves133€3.20M€2.79M▼
Investment grants15€32k€13k▼
Amounts payable17/49€5.23M€8.94M▲
Amounts payable after more than one year17€817k€414k▼
Financial debts170/4€817k€414k▼
Leasing and similar obligations172€817k€414k▼
Amounts payable within one year42/48€4.38M€8.50M▲
Current portion of amounts payable after more than one year42€424k€403k▼
Financial debts43€0€169k▲
Credit institutions430/8€0€169k▲
Trade debts44€2.52M€2.85M▲
Suppliers440/4€2.52M€2.85M▲
Taxes, remuneration and social security45€964k€1.41M▲
Taxes450/3€222k€579k▲
Remuneration and social security454/9€742k€832k▲
Other amounts payable47/48€470k€3.68M▲
Accrued charges and deferred income492/3€30k€19k▼
Income statement
Code20242025
Operating income70/76A€25.34M€24.84M▼
Turnover70€24.38M€23.80M▼
Other operating income74€954k€1.04M▲
Non-recurring operating income76A€13k€0▼
Operating charges60/66A€23.82M€23.05M▼
Goods for resale, raw materials and consumables60€2.97M€2.86M▼
Purchases600/8€2.97M€2.86M▼
Services and other goods61€11.08M€11.62M▲
Remuneration, social security and pensions62€8.38M€7.67M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€778k€509k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€773▼
Other operating charges640/8€551k€335k▼
Non-recurring operating charges66A€66k€61k▼
Operating profit (loss)9901€1.52M€1.79M▲
Financial income75/76B€84k€33k▼
Recurring financial income75€84k€33k▼
Income from current assets751€52k€12k▼
Other financial income752/9€32k€21k▼
Financial charges65/66B€146k€306k▲
Recurring financial charges65€146k€306k▲
Debt charges650€113k€287k▲
Other financial charges652/9€33k€19k▼
Profit (loss) for the period before taxes9903€1.46M€1.52M▲
Income taxes67/77€405k€429k▲
Taxes670/3€405k€429k▲
Profit (loss) for the period9904€1.05M€1.09M▲
Profit (loss) for the period to be appropriated9905€1.05M€1.09M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.05M€1.09M▲
Transfer from equity791/2-€411k
From reserves792-€411k
Transfer to equity691/2€1.05M€0▼
To other reserves6921€1.05M€0▼
Profit to be distributed694/7-€1.50M
Return on contributions (dividend)694-€1.50M
Social balance
Average headcount (FTE)9087159.6142.1▼
The notes to these accounts (85 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-09
State Gazette act
General meeting · DemergerGeneral meeting · Demerger · Dissolution23 facts ▸
State Gazette act
General meeting · Demerger
General meeting · Demerger · Dissolution23 facts ▸
- General meeting, 2026-07-31
- Demerger, Transcot overdraagt trucking/transport activa naar TMT, splitsing door overneming
- Demerger, Transcot overdraagt trailers naar TMR, splitsing door overneming
- Demerger, Transcot overdraagt logistieke activiteiten naar TMLW, splitsing door overneming
- Demerger, Van Hove en Co overdraagt trucking/transport activa naar TMT, splitsing door overneming
- Demerger, Van Hove en Co overdraagt vastgoed naar TMW, splitsing door overneming
- Demerger, Van Hove en Co overdraagt trailers naar TMR, splitsing door overneming
- Demerger, Van Hove en Co overdraagt logistieke/warehousing activiteiten naar TMLW, splitsing door overneming
- Dissolution, 2026-07-31
- Dissolution, 2026-07-31
- Real estate, Perceel gelegen te Eddastraat 31-B, 9042 Gent, alsook het gebouw opgericht op voorgaand perceel door Van Hove en Co, inclusief concessieovereenkomst met het Hav…
- Share issue, 11739, Transcot
- +11 further facts in this act
26-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge10 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge10 facts ▸
- General meeting, 2026-08-11
- Director resignation, Tailormade Logistics NV (bestuurder)
- Director discharge, Tailormade Logistics NV
- Director appointment, Malo Ventures NV (bestuurder)
- Permanent representative, Kelly De Dijcker
- Mandate compensation, Malo Ventures NV
- Board meeting, 2026-08-11
- Director appointment, Malo Ventures NV (gedelegeerd bestuurder)
- Director appointment, Pieter Balcaen (CEO)
- Director appointment, Kelly De Dijcker (CEO Shared Services)
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €2MEq €3.48M ▲124%
5 profitable years in a row build equity to €3.48M.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €664k ▼68.5%
Net result drops to €664k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €2.11M ▲23.3%
Operating result €2.76M, net result €2.11M, both a record.
31-12
Financial
Equity above €2MEq €2.08M ▲73.4%
3 profitable years in a row build equity to €2.08M.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26108375). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Kelly De Dijcker
CurrentCeo shared services · since 11-08-2026
Malo Ventures
CurrentDirector · since 11-08-2026 · Public limited company · perm. rep.: Kelly De Dijcker
Pieter Balcaen
CurrentCeo · since 11-08-2026
11-08-2026
Kelly De Dijcker: Appointed as Ceo shared services
11-08-2026
Malo Ventures: Appointed as Director
11-08-2026
Malo Ventures: Appointed as Managing director
11-08-2026
Pieter Balcaen: Appointed as Ceo
11-08-2026
TAILORMADE LOGISTICS: Resigned as Director
Location & real-estate footprint
Registered office, Westerlo · 13 establishment units since 1973
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Van Doornelaan 32260 WesterloGround area
16.9 ha
Building footprint
7.7 ha
Volume, LiDAR
581,075 m³
12 parcels, Flanders, Wallonia · tallest building 32.0 m, ±7 floors. Linked by address, not a title deed.
13 establishment units
Van Doornelaan 3, 2260 Westerlo
since 19732.038.930.003
Tailormade Logistics Westerlo-Geel
since 20202.307.081.058
GHENT TRAILER CARE
since 20262.391.572.909
TAILORMADE LOGISTICS GHLIN
since 20262.391.573.008
TAILORMADE LOGISTICS MEERHOUT
since 20262.391.573.107
TAILORMADE LOGISTICS KORTE MATE - 2
since 20262.391.573.206
Show 7 more locations
TAILORMADE LOGISTICS AUBANGE
since 20262.391.573.305
TAILORMADE LOGISTICS SKALDEN
since 20262.391.573.404
TAILORMADE LOGISTICS IZEGEM
since 20262.391.573.503
TAILORMADE LOGISTICS EVERGEM
since 20262.391.573.602
VAN HOVE EN CO
since 20262.391.573.701
TAILORMADE LOGISTICS KORTE MATE - 1
since 20262.391.573.897
TAILORMADE LOGISTICS ANTWERPEN
since 20262.391.572.810
12 parcels
Flanders
11
(91.7%)
Wallonia
1
(8.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813A0394/00C000 | Flanders | 2.9 ha | 1 · 1.5 ha | 9.8 m |
| 13039F0360/00A000 | Flanders | 2.8 ha | 1 · 2.9 ha | 32.0 m · 4 fl. |
| 44813B0120/00F002 | Flanders | 2.4 ha | 1 · 1,473 m² | 7.0 m · 2 fl. |
| 44813B0016/00V003 | Flanders | 2.1 ha | 1 · 9,050 m² | 12.4 m · 4 fl. |
| 44813A0476/00A000 | Flanders | 2.1 ha | 1 · 1.3 ha | 17.4 m · 4 fl. |
| 44813A0164/02B000 | Flanders | 1.5 ha | 1 · 1,449 m² | 6.8 m |
| 36494D0115/00E003 | Flanders | 1.3 ha | 1 · 4,725 m² | 14.2 m · 3 fl. |
| 13462C1168/04_000 | Flanders | 6,390 m² | 1 · 693 m² | 10.1 m · 3 fl. |
| 13375M1277/00M000 | Flanders | 4,348 m² | 1 · 2,032 m² | 7.9 m · 2 fl. |
| 11802B0064/00E002 | Flanders | 2,424 m² | 1 · 772 m² | 26.8 m · 7 fl. |
| 53030B0247/00S005 | Wallonia | 2,009 m² | - | - |
| 44019A1007/00_000 | Flanders | 1,780 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 11
12 of 12 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
8 connected companiesLinked via shared directors
viaPieter Balcaen · Ceo
→
viaPieter Balcaen · Gedelegeerd bestuurder / ceo
→
viaPieter Balcaen · Ceo
→
viaPieter Balcaen · Managing director
→
Show 4 more companies with a shared director
viaPieter Balcaen · Ceo
→
viaPieter Balcaen · Ceo
→
viaPieter Balcaen · Director
former→
viaPieter Balcaen · Director
former→
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
Tailormade Logistics WesterloBE 0413.676.690
Acquisitions and mergers
4 transactionsReceived a contribution from:TRANSCOT
Received a contribution from:VAN HOVE EN CO
Contributed a business line to:Transcot
Contributed a business line to:Van Hove en Co
Capital and shareholders
Capital increase of 173,468.91 EUR · 2,095 new shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 15 entries · 142,250 EUR awarded · 91,533 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 5,592 EUR | 5,116 EUR |
| 2024 | 5 | 13,142 EUR | 12,800 EUR |
| 2023 | 4 | 70,365 EUR | 20,561 EUR |
| 2022 | 3 | 53,151 EUR | 53,056 EUR |
Schemes
Subsidie vergroening mobiliteit - omschakeling naar zero-emissie en alternatieve brandstoffen
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesWesterlo2.038.930.003
Geel2.307.081.058
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Of 12,605 companies in sector 49410 we hold annual accounts for 8,195. 1,974 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-10-1973
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.