ACTIVE

FORLOG

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Financial year 2025 · closed on 31/12/2025

Net result

35,5 k €

+12951.0% YoY

Revenue

7,1 M €

-11.4% YoY

Equity

1,7 M €

+483.1% YoY

Workforce

8,5 ETP

-1.2% YoY

What does FORLOG do?

FORLOG is a Public limited company incorporated in 1994. Its main activity is: Cargo handling. Its registered office is in Willebroek. It employs on average 8,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.057.997

Incorporation

25/07/1994

Legal form

Public limited company

Registered office

Koningin Astridlaan 14
2830 Willebroek · FlandreSee on map

Contributed capital

1 061 500,00 €

Latest accounts

31/12/2025

Average workforce

8,5 ETP

Activities (NACE)

52249Cargo handling· main 52249Cargo handling 52250Support activities for transportation 52290Other transportation support activities 63112Data processing, hosting and related activities 63401Information service activities

Joint committees (3)

100
14003
226

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Revenue	7,1 M €	-11.4%	8 M €	+12.0%	7,1 M €	-5.3%	7,5 M €	-4.7%	7,9 M €	+24.4%	6,3 M €	-32.8%	9,4 M €	-12.5%	10,8 M €	-24.0%	14,2 M €	-14.9%	16,7 M €	-18.2%	20,4 M €	-1.6%	20,7 M €	+2.3%	20,2 M €	-29.4%	28,7 M €	+5.9%	27,1 M €	+219%	8,5 M €	-16.4%	10,1 M €		–		–
EBITDA	517,5 k €	+5.9%	488,9 k €	-19.3%	605,6 k €	-6.3%	646,4 k €	-1.2%	654,5 k €	+28.6%	508,8 k €	-35.9%	793,2 k €	+15.6%	686,1 k €	+341%	-285,1 k €	-136%	796,1 k €	+1784%	-47,3 k €	-106%	831,8 k €	+55.9%	533,5 k €	-54.5%	1,2 M €	+3.0%	1,1 M €	+44.3%	788,3 k €	-5.1%	830,6 k €	+138%	349,7 k €	-13.0%	402 k €
Operating result	125,5 k €	+175%	45,7 k €	-42.9%	80 k €	+76.3%	45,4 k €	-38.4%	73,6 k €	-37.0%	116,9 k €	-34.0%	177,2 k €	+3.6%	171 k €	+124%	-726 k €	-276%	412,9 k €	+174%	-557,5 k €	-265%	338,6 k €	+244%	98,3 k €	-80.0%	491 k €	-1.7%	499,4 k €	+71.3%	291,6 k €	-24.3%	385,3 k €	+117%	177,9 k €	-17.0%	214,5 k €
Net result	35,5 k €	+12951%	272,3 €	-99.2%	34,3 k €	+623%	4,7 k €	-61.7%	12,4 k €	-39.4%	20,4 k €	-7.4%	22 k €	-59.6%	54,6 k €	+106%	-883,4 k €	-651%	160,3 k €	+128%	-575,9 k €	-1317%	47,3 k €	+186%	-55,3 k €	-224%	44,7 k €	-63.7%	123,2 k €	+949%	11,7 k €	-81.7%	64,2 k €	+0.5%	63,9 k €	-46.1%	118,5 k €
Balance sheet
Equity	1,7 M €	+483%	293 k €	+0.1%	292,7 k €	+13.3%	258,5 k €	+1.9%	253,7 k €	+5.1%	241,4 k €	+9.2%	221 k €	+11.1%	198,9 k €	+37.8%	144,4 k €	-86.0%	1 M €	+5.5%	973,8 k €	-37.2%	1,5 M €	+3.2%	1,5 M €	+169%	557,7 k €	+8.7%	512,9 k €	+31.6%	389,8 k €	+3.1%	378 k €	+82.2%	207,5 k €	+7.2%	193,6 k €
Total assets	5 M €	+4.1%	4,8 M €	-15.4%	5,6 M €	-2.6%	5,8 M €	-14.8%	6,8 M €	-6.0%	7,2 M €	+18.8%	6,1 M €	-18.4%	7,5 M €	-8.9%	8,2 M €	-27.1%	11,2 M €	+11.1%	10,1 M €	-4.4%	10,6 M €	+2.8%	10,3 M €	+7.9%	9,5 M €	-6.2%	10,2 M €	+27.0%	8 M €	+23.9%	6,5 M €	-6.7%	6,9 M €	+108%	3,3 M €
Cash	109,1 k €	-41.3%	185,8 k €	+306%	45,8 k €	-37.7%	73,4 k €	+6.9%	68,7 k €	-58.7%	166,4 k €	+142%	68,6 k €	-8.3%	74,8 k €	-8.8%	82,1 k €	-50.9%	167,3 k €	-38.9%	273,9 k €	-46.9%	515,4 k €	-0.3%	516,9 k €	+147%	209,6 k €	-72.0%	749,3 k €	+102%	371,8 k €	+226%	113,9 k €	-55.7%	257,4 k €	-6.9%	276,4 k €
Debts	3,2 M €	-27.0%	4,4 M €	-16.6%	5,3 M €	-2.0%	5,4 M €	-14.0%	6,3 M €	-6.2%	6,7 M €	+15.7%	5,8 M €	-17.2%	7 M €	-10.8%	7,9 M €	-21.6%	10,1 M €	+12.9%	8,9 M €	+4.4%	8,6 M €	-1.1%	8,7 M €	+0.6%	8,6 M €	-8.0%	9,4 M €	+32.8%	7 M €	+19.0%	5,9 M €	-10.7%	6,6 M €	+140%	2,8 M €
Other
Workforce	8,5 ETP	-1.2%	8,6 ETP	-7.5%	9,3 ETP	-20.5%	11,7 ETP	-12.7%	13,4 ETP	-1.5%	13,6 ETP	-13.4%	15,7 ETP	-31.4%	22,9 ETP	-43.0%	40,2 ETP	-18.6%	49,4 ETP	-20.6%	62,2 ETP	+2.6%	60,6 ETP	+16.5%	52,0 ETP	+28.1%	40,6 ETP	+52.6%	26,6 ETP	+67.3%	15,9 ETP	-12.2%	18,1 ETP	+46.0%	12,4 ETP	-4.6%	13,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 34 ended

Active mandates

FREENICS

Director · since 31 juillet 2024 · until 30 juillet 2030 · 0543.584.139

Represented by Frederik Salaerts

Active

Nathalie Peleman

Director · since 31 juillet 2024 · until 30 juillet 2030

Active

Philip Salaerts

Managing director · since 31 juillet 2024 · until 30 juillet 2030

Active

Ended mandates

FREENICS

Director · since 24 juin 2022 · until 24 juin 2028 · 0543.584.139

Represented by Frederik SALAERTS

Ended

FREENICS

Director · since 24 juin 2022 · 0543.584.139

Represented by Frederik SALAERTS

Ended

Nathalie PELEMAN

Director · since 24 juin 2022 · until 24 juin 2028

Ended

Nathalie PELEMAN

Director · since 24 juin 2022

Ended

At this address

Other companies at this address

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A.A.D. Speed-Colli● Active	0403.998.367
BEX TRANSPORT SERVICE● Active	0476.973.051
BOOSTER - EXPRESS● Active	0455.616.720
BRANT LOGISTIC INFORMATION TECHNOLOGY SERVICES BELGIUM● Active	0448.405.462
COLFRIDIS DISTRIBUTION● Active	0832.959.685
COLFRIDIS LOGISTICS● Active	0832.957.509
DISTRI-LOG● Active	0453.910.807
DISTRI-LOG TRANSPORT● Active	0458.197.910
MonteB● Active	0788.307.320
Vegetra● Active	0407.549.458
WEST-BEHEER● Active	0870.725.745

Annual accounts

Full financial information

	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	03/07/2026	04/07/2025	15/07/2024	20/07/2023	12/07/2022	26/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	03/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	04/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	12/07/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	26/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	16/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	11/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	18/07/2018	Dutch	PDF
Full model	31/12/2016	23/06/2017	07/07/2017	Dutch	PDF
Full model	31/12/2015	19/07/2016	06/09/2016	Dutch	PDF
Full model	31/12/2014	20/07/2015	26/08/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	29/08/2014	Dutch	PDF
Full model	31/12/2012	21/08/2013	30/08/2013	Dutch	PDF
Full model	30/06/2011	30/11/2011	06/01/2012	Dutch	PDF
Full model	31/12/2009	15/06/2010	09/07/2010	Dutch	PDF
Full model	31/12/2008	29/06/2009	14/07/2009	Dutch	PDF
Abridged model	31/12/2007	24/05/2008	29/05/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	11/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 34 ended

Active mandates

FREENICS

Director · since 31 juillet 2024 · until 30 juillet 2030 · 0543.584.139

Represented by Frederik Salaerts

Active

Nathalie Peleman

Director · since 31 juillet 2024 · until 30 juillet 2030

Active

Philip Salaerts

Managing director · since 31 juillet 2024 · until 30 juillet 2030

Active

Ended mandates

FREENICS

Director · since 24 juin 2022 · until 24 juin 2028 · 0543.584.139

Represented by Frederik SALAERTS

Ended

FREENICS

Director · since 24 juin 2022 · 0543.584.139

Represented by Frederik SALAERTS

Ended

Nathalie PELEMAN

Director · since 24 juin 2022 · until 24 juin 2028

Ended

Nathalie PELEMAN

Director · since 24 juin 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates04/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/01/2017
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/12/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/09/2013
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202535,5 k €↑
2024
Annual accounts 2024272,3 €↓
2023
Annual accounts 202334,3 k €↑
2022
Annual accounts 20224,7 k €↓
2021
Annual accounts 202112,4 k €↓
2020
Annual accounts 202020,4 k €↓
2019
Annual accounts 201922 k €↓
2018
Annual accounts 201854,6 k €↑
2017
Annual accounts 2017-883,4 k €↓
2016
Annual accounts 2016160,3 k €↑
2015
Annual accounts 2015-575,9 k €↓
2014
Annual accounts 201447,3 k €↑
2013
Annual accounts 2013-55,3 k €↓
2012
Annual accounts 201244,7 k €↓
2011
Annual accounts 2011123,2 k €↑
2009
Annual accounts 200911,7 k €↓
2008
Annual accounts 200864,2 k €↑
2007
Annual accounts 200763,9 k €↓
2006
Annual accounts 2006118,5 k €
25/07/1994
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FORLOG

Overview

What does FORLOG do?

Trend over 19 financial years

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