ACTIVE

STEF Logistics Courcelles

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Financial year 2025 · closed on 31/12/2025

Net result

-3,3 M €

-924.9% YoY

Revenue

6,2 M €

-6.3% YoY

Equity

-2,7 M €

-546.8% YoY

Workforce

51,0 ETP

-19.0% YoY

What does STEF Logistics Courcelles do?

STEF Logistics Courcelles is a Public limited company incorporated in 1997. Its registered office is in Courcelles. It employs on average 51,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.804.735

Incorporation

02/05/1997

Legal form

Public limited company

Registered office

Rue de Hainaut(CO) 40
6180 Courcelles · WallonieSee on map

Contributed capital

62 457,00 €

Latest accounts

31/12/2025

Average workforce

51,0 ETP

Joint committees (2)

Signals

Positive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 7 financial years

	2025		2024		2023		2022		2020		2017		2010
Income statement
Revenue	6,2 M €	-6.3%	6,6 M €	-22.2%	8,5 M €	-1.5%	8,7 M €	+10.9%	7,8 M €	+4.3%	7,5 M €	+13.6%	6,6 M €
EBITDA	383,6 k €	-40.0%	638,8 k €	-16.4%	763,9 k €	+82.0%	419,7 k €	-23.0%	545,4 k €	+7.3%	508,5 k €	+153%	201,2 k €
Operating result	165,3 k €	-61.3%	427,7 k €	-12.6%	489,6 k €	+227%	149,6 k €	-53.8%	324 k €	+22.6%	264,2 k €	+441%	48,8 k €
Net result	-3,3 M €	-925%	402,6 k €	+34.5%	299,3 k €	+265%	82 k €	-68.4%	259,1 k €	+144%	106 k €	+763%	12,3 k €
Balance sheet
Equity	-2,7 M €	-547%	607,4 k €	+197%	204,7 k €	-82.9%	1,2 M €	+22.2%	981,8 k €	-4.7%	1 M €	+16261%	6,3 k €
Total assets	1,9 M €	-21.4%	2,4 M €	-31.4%	3,5 M €	-3.9%	3,6 M €	+15.9%	3,1 M €	+2.3%	3,1 M €	+19.4%	2,6 M €
Cash	–		–		–		239 €	-99.9%	166,9 k €	+83344%	200 €	-100.0%	617,2 k €
Debts	1,5 M €	-18.4%	1,8 M €	-45.7%	3,3 M €	+35.0%	2,4 M €	+13.1%	2,2 M €	+5.6%	2 M €	-19.9%	2,6 M €
Other
Workforce	51,0 ETP	-19.0%	63,0 ETP	-21.9%	80,7 ETP	-5.5%	85,4 ETP	+0.4%	85,1 ETP	-5.4%	90,0 ETP	-1.1%	91,0 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 · 4 active · 9 ended

Active mandates

Bastien DREANO

Managing director · since 01 février 2024 · until 10 juin 2031

Active

Christophe GORIN

Chairman of the board of directors · since 09 juin 2020 · until 09 juin 2026

Active

Marc VETTARD

Director · since 09 juin 2020 · until 09 juin 2026

Active

Stanislas LEMOR

Director · since 09 juin 2020 · until 09 juin 2026

Active

Ended mandates

Gauthier MOREL de WESTGAVER

Managing director · since 09 juin 2020 · until 09 juin 2026

Ended

Christophe GORIN

Director · since 04 mai 2016 · until 02 juin 2020

Ended

Stanislas LEMOR

Director · since 04 mai 2016 · until 09 juin 2020

Ended

Serge CAPITAINE

Chairman of the board of directors · since 30 juin 2014 · until 09 juin 2020

Ended

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	30/06/2026	25/09/2025	15/07/2024	13/07/2023	30/08/2022	24/06/2021
General meeting	30/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	30/06/2026	French	PDF
Full model	31/12/2024	10/06/2025	25/09/2025	French	PDF
Full model	31/12/2023	11/06/2024	15/07/2024	French	PDF
Full model	31/12/2022	13/06/2023	13/07/2023	French	PDF
Full model	31/12/2021	14/06/2022	30/08/2022	French	PDF
Full model	31/12/2020	08/06/2021	24/06/2021	French	PDF
Full model	31/12/2019	09/06/2020	06/07/2020	French	PDF
Full model	31/12/2018	09/06/2019	27/06/2019	French	PDF
Full model	31/12/2017	12/06/2018	14/06/2018	French	PDF
Full model	31/12/2016	13/06/2017	16/06/2017	French	PDF
Full model	31/12/2015	14/06/2016	29/06/2016	French	PDF
Full model	31/12/2014	09/06/2015	03/07/2015	French	PDF
Full model	31/12/2013	10/06/2014	17/06/2014	French	PDF
Full model	31/12/2012	11/06/2013	27/06/2013	French	PDF
Full model	31/12/2011	12/06/2012	25/06/2012	French	PDF
Full model	31/12/2010	14/06/2011	20/10/2011	French	PDF
Full model	31/12/2009	08/06/2010	15/09/2010	French	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 · 4 active · 9 ended

Active mandates

Bastien DREANO

Managing director · since 01 février 2024 · until 10 juin 2031

Active

Christophe GORIN

Chairman of the board of directors · since 09 juin 2020 · until 09 juin 2026

Active

Marc VETTARD

Director · since 09 juin 2020 · until 09 juin 2026

Active

Stanislas LEMOR

Director · since 09 juin 2020 · until 09 juin 2026

Active

Ended mandates

Gauthier MOREL de WESTGAVER

Managing director · since 09 juin 2020 · until 09 juin 2026

Ended

Christophe GORIN

Director · since 04 mai 2016 · until 02 juin 2020

Ended

Stanislas LEMOR

Director · since 04 mai 2016 · until 09 juin 2020

Ended

Serge CAPITAINE

Chairman of the board of directors · since 30 juin 2014 · until 09 juin 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares30/06/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates15/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates08/05/2024
DEMISSIONS, NOMINATIONS
PDF
Other19/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring24/07/2023
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates13/06/2023
DEMISSIONS, NOMINATIONS
PDF
Restructuring31/05/2023
SIEGE SOCIAL - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Mandates13/03/2023
DEMISSIONS, NOMINATIONS
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 2025-3,3 M €↓
2024
Annual accounts 2024402,6 k €↑
2023
Annual accounts 2023299,3 k €↑
2022
Annual accounts 202282 k €↓
2020
Annual accounts 2020259,1 k €↑
2017
Annual accounts 2017106 k €↑
2010
Annual accounts 201012,3 k €
02/05/1997
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

STEF Logistics Courcelles

Overview

What does STEF Logistics Courcelles do?

Trend over 7 financial years

Indicative valuation

Board of directors

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