ACTIVE

HORECA LOGISTIC SERVICE

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Financial year 2025 · Closed on 31/12/2025

Net result1 M €-9,7 %over 1 year

Revenue68,4 M €+9,3 %over 1 year

Equity19,5 M €+4,1 %over 1 year

Workforce159,5 ETP-0,9 %over 1 year

Identity

Source · BCE/KBO

HORECA LOGISTIC SERVICE is a Public limited company incorporated in 1983. Its main activity is: Wholesale of beverages. Its registered office is in Ternat. It employs on average 159,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0424.179.218
Incorporation: 01/07/1983
Legal form: Public limited company
Registered office: Industrielaan 16-20
1740 Ternat · FlandreSee on map
Contributed capital: 4 638 993,09 €
Latest accounts: 31/12/2025
Average workforce: 159,5 ETP

Activities (NACE)

46349Wholesale of beverages· main 46349Wholesale of beverages 51340Air transport 47252Retail sale of beverages in specialised stores 47252Retail sale of beverages in specialised stores 52250Support activities for transportation

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	68,4 M €	+9.3%	62,6 M €	+6.7%	58,7 M €	+10.9%	52,9 M €	+74.6%	30,3 M €
EBITDA	3 M €	+5.2%	2,8 M €	+44.7%	2 M €	-20.5%	2,5 M €	+203%	817,8 k €
Operating result	1,3 M €	-9.5%	1,5 M €	+193%	502,4 k €	-67.4%	1,5 M €	+374%	-562,1 k €
Net result	1 M €	-9.7%	1,1 M €	+155%	450,7 k €	-69.8%	1,5 M €	+354%	-587,9 k €
Balance sheet
Equity	19,5 M €	+4.1%	18,7 M €	+4.9%	17,8 M €	+1.1%	17,7 M €	+5.3%	16,8 M €
Total assets	37,4 M €	+11.7%	33,5 M €	+10.7%	30,2 M €	+3.2%	29,3 M €	+12.3%	26,1 M €
Cash	3,8 M €	-32.5%	5,7 M €	+69.0%	3,3 M €	-13.5%	3,9 M €	+12.4%	3,4 M €
Debts	17,8 M €	+21.1%	14,7 M €	+19.0%	12,4 M €	+6.4%	11,6 M €	+25.3%	9,3 M €
Other
Workforce	159,5 ETP	-0.9%	161,0 ETP	+1.3%	159,0 ETP	+7.6%	147,8 ETP	+4.6%	141,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BEVERAGES MANAGEMENT CONSULTANTS0424.993.622Represented by Michel Haelterman	Managing director26/06/2017 → 13/06/2028
SADIMAT0402.034.217Represented by Paul Haelterman	Director03/09/2012 → 13/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BEVERAGES CONSULTANT SERVICES0417.338.738Represented by MICHEL HAELTERMAN	Managing director21/09/2016 → 2017 accounts
CITY DRINKS NV0421.718.782Represented by Michel Haelterman	Managing director10/06/2014 → 2016 accounts

Other companies at this address

Industrielaan 16-20 1740 Ternat

Company	CBE no.
ASBEEK● Active	0442.177.765
BELGIAN IMPORT BEVERAGE COMPANY● Active	0446.856.036
BEVERAGES CONSULTANT SERVICES● Active	0417.338.738
BEVERAGES MANAGEMENT CONSULTANTS● Active	0424.993.622
CARLSBERG IMPORTERS● Active	0452.144.516
DAMANI MANAGEMENT● Active	0402.856.044
DRINKS DELIVERY● Active	0460.913.019
H-BEVERAGES● Active	1033.143.733
H-PROPERTIES● Active	1033.143.634
IMMOBILIERE DE RESTAURANTS ET CAFES● Active	0438.931.532
IMMOBILIERE DU EATMARKET● Active	0686.764.750
IMPORTED PREMIUM BEVERAGES● Active	0458.490.393
MANAGEM● Active	0562.803.995
OENANI● Active	0741.388.915
PRADO - PRODUITS ALIMENTAIRES D'ORIGINE● Active	0415.525.432
TAO FAMILY● Active	0440.140.171
TRANSPORT MANAGEMENT SERVICES● Active	0414.940.462
VALUABLE SAVOURS COMPANY● Active	0405.299.454

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/06/2026	23/06/2025	19/06/2024	22/06/2023	22/06/2022	07/07/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	21/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	16/06/2026	19/06/2026	Dutch	PDF
Full model	31/12/2024	17/06/2025	23/06/2025	Dutch	PDF
Full model	31/12/2023	18/06/2024	19/06/2024	Dutch	PDF
Full model	31/12/2022	20/06/2023	22/06/2023	Dutch	PDF
Full model	31/12/2021	21/06/2022	22/06/2022	Dutch	PDF
Full model	31/12/2020	21/06/2021	07/07/2021	Dutch	PDF
Full model	31/12/2019	15/06/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	17/06/2019	26/06/2019	Dutch	PDF
Full model	31/12/2017	25/06/2018	26/06/2018	Dutch	PDF
Full model	31/12/2016	26/06/2017	28/06/2017	Dutch	PDF
Full model	31/12/2015	14/06/2016	15/06/2016	Dutch	PDF
Full model	31/12/2014	09/06/2015	11/06/2015	Dutch	PDF
Full model	31/12/2013	10/06/2014	16/06/2014	Dutch	PDF
Full model	31/12/2012	11/06/2013	17/06/2013	Dutch	PDF
Full model	31/12/2011	12/06/2012	20/06/2012	Dutch	PDF
Full model	31/12/2010	14/06/2011	21/06/2011	Dutch	PDF
Full model	31/12/2009	08/06/2010	14/06/2010	Dutch	PDF
Full model	31/12/2008	09/06/2009	15/06/2009	Dutch	PDF
Full model	31/12/2007	10/06/2008	23/06/2008	Dutch	PDF
Full model	31/12/2006	12/06/2007	25/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BEVERAGES MANAGEMENT CONSULTANTS0424.993.622Represented by Michel Haelterman	Managing director26/06/2017 → 13/06/2028
SADIMAT0402.034.217Represented by Paul Haelterman	Director03/09/2012 → 13/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BEVERAGES CONSULTANT SERVICES0417.338.738Represented by MICHEL HAELTERMAN	Managing director21/09/2016 → 2017 accounts
CITY DRINKS NV0421.718.782Represented by Michel Haelterman	Managing director10/06/2014 → 2016 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2017
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2016
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

SADIMAT

BEVERAGES MANAGEMENT CONSULTANTS

BEVERAGES CONSULTANT SERVICES

CITY DRINKS NV

IMMOBILIERE DE RESTAURANTS ET CAFES

IMMOBILIERE DES CHAVEES SA

IMPORTED PREMIUM BEVERAGES

HLB LEGAL SERVICES

DRINKS DELIVERY

THIERRY LANNOY

1983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

HORECA LOGISTIC SERVICEHORECA LOGISTIC SERVICE

Industrielaan 16-20, 1740 Ternat

Director

Managing director

Director

Managing director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industrielaan 16-20, 1740 TernatCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00176795

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HORECA LOGISTIC SERVICECurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00176795
HORECA LOGISTIC SERVICES	accounts 2022	Accounts 2022 · 2023-00151999
HORECA LOGISTIC SERVICE	accounts 2006 → 2021	Accounts 2021 · 2022-20085544

Events

2025
Annual accounts 20251 M €↓
2024
Annual accounts 20241,1 M €↑
2023
Annual accounts 2023450,7 k €↓
2023
Name changeHORECA LOGISTIC SERVICE
2022
Annual accounts 20221,5 M €↑
2022
Name changeHORECA LOGISTIC SERVICES
2021
Annual accounts 2021-587,9 k €↑
2020
Annual accounts 2020-1,2 M €↓
2019
Annual accounts 20191,2 M €↓
2018
Annual accounts 20181,4 M €↑
2017
Annual accounts 20171,3 M €↑
2016
Annual accounts 20161,1 M €↓
2015
Annual accounts 20152,3 M €↑
2014
Annual accounts 20142,2 M €↑
2013
Annual accounts 20131,5 M €↑
2012
Annual accounts 20121,3 M €↓
2011
Annual accounts 20111,6 M €↓
2010
Annual accounts 20101,7 M €↓
2009
Annual accounts 20092,4 M €↑
2008
Annual accounts 20081,1 M €↓
2007
Annual accounts 20071,2 M €↑
2006
Annual accounts 2006682,5 k €
01/07/1983
IncorporationPublic limited company

HORECA LOGISTIC SERVICE

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events