ACTIVE

WEST LOGISTICS

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Financial year 2025 · closed on 31/12/2025

Net result

1,3 M €

+118.0% YoY

Gross margin

1,2 M €

-39.4% YoY

Equity

30,3 M €

+2.4% YoY

Workforce

0,0 ETP

-100.0% YoY

What does WEST LOGISTICS do?

WEST LOGISTICS is a Public limited company incorporated in 1997. Its registered office is in Laakdal.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.620.228

Incorporation

08/10/1997

Legal form

Public limited company

Registered office

Kanaalweg 17
2430 Laakdal · FlandreSee on map

Contributed capital

28 802 586,73 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Joint committees (3)

140
14003
226

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,2 M €	-39.4%	2 M €	-36.5%	3,2 M €	-4.0%	3,3 M €	-5.3%	3,5 M €	-11.4%	4 M €	-13.0%	4,6 M €		–		–		–		–		–		–		–		–		–		–
EBITDA	1,2 M €	+2341%	48,9 k €	-97.1%	1,7 M €	-7.7%	1,8 M €	-12.0%	2,1 M €	-17.0%	2,5 M €	-7.7%	2,7 M €	+34.6%	2 M €	-57.7%	4,7 M €	+4.1%	4,6 M €	-2.6%	4,7 M €	+175%	1,7 M €	-64.4%	4,8 M €	-14.3%	5,6 M €	+37.6%	4,1 M €	-32.1%	6 M €	-2.0%	6,1 M €
Operating result	1,2 M €	+2655%	43,3 k €	-97.4%	1,7 M €	-6.7%	1,8 M €	-9.2%	2 M €	+19.1%	1,7 M €	+9.5%	1,5 M €	+246%	436,9 k €	-84.0%	2,7 M €	-4.5%	2,9 M €	-15.9%	3,4 M €	+738%	406,1 k €	-88.4%	3,5 M €	-18.2%	4,3 M €	+116%	2 M €	-56.3%	4,5 M €	-8.2%	4,9 M €
Net result	1,3 M €	+118%	574,4 k €	+5.3%	545,7 k €	+298%	137,1 k €	-62.9%	369,8 k €	+1463%	23,7 k €	+109%	-260,2 k €	+82.8%	-1,5 M €	-1069%	155,6 k €	-84.3%	991,4 k €	-51.1%	2 M €	+249%	-1,4 M €	-148%	2,8 M €	-80.7%	14,7 M €	+878%	-1,9 M €	-415%	599,4 k €	-68.9%	1,9 M €
Balance sheet
Equity	30,3 M €	+2.4%	29,6 M €	+0.2%	29,5 M €	+1.4%	29,1 M €	+379%	6,1 M €	+6.5%	5,7 M €	+6.0%	5,4 M €	+26.9%	4,2 M €	-49.0%	8,3 M €	+1.9%	8,2 M €	-0.1%	8,2 M €	+35.2%	6 M €	-37.4%	9,7 M €	-30.1%	13,8 M €	+1696%	-865,7 k €	-185%	1 M €	+17.1%	871,7 k €
Total assets	30,4 M €	+2.2%	29,7 M €	-3.9%	30,9 M €	-49.8%	61,5 M €	+30.8%	47 M €	-8.1%	51,1 M €	-10.5%	57,1 M €	-11.6%	64,6 M €	-2.7%	66,4 M €	-2.7%	68,3 M €	-6.8%	73,2 M €	+78.7%	41 M €	-9.4%	45,2 M €	-12.2%	51,5 M €	-34.1%	78,2 M €	+86.9%	41,8 M €	+16.9%	35,8 M €
Cash	0 €	0.0%	0 €	0.0%	0 €	-100.0%	954,8 €	-13.2%	1,1 k €	-58.4%	2,6 k €	-22.3%	3,4 k €	+5.3%	3,2 k €	+152%	1,3 k €	-36.0%	2 k €	+6.4%	1,9 k €	+84.1%	1 k €	-38.9%	1,7 k €	-23.8%	2,2 k €	+73.3%	1,3 k €	-99.7%	454,8 k €	+20866%	2,2 k €
Debts	57,8 k €	-47.3%	109,7 k €	-91.9%	1,3 M €	-95.8%	32,4 M €	-20.9%	40,9 M €	-9.9%	45,4 M €	-12.2%	51,7 M €	-14.3%	60,3 M €	+4.0%	58 M €	-3.2%	59,9 M €	-7.5%	64,8 M €	+87.3%	34,6 M €	-2.1%	35,3 M €	-5.4%	37,3 M €	-52.0%	77,7 M €	+91.9%	40,5 M €	+16.6%	34,7 M €
Other
Workforce	0,0 ETP	-100%	7,0 ETP	-77.8%	31,6 ETP	-6.5%	33,8 ETP	-1.2%	34,2 ETP	-6.6%	36,6 ETP	-7.8%	39,7 ETP	-8.1%	43,2 ETP	+3.1%	41,9 ETP	+1.7%	41,2 ETP	+19.4%	34,5 ETP	-2.0%	35,2 ETP	-5.1%	37,1 ETP	-2.4%	38,0 ETP	-2.6%	39,0 ETP	+1.0%	38,6 ETP	-9.6%	42,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 27 ended

Active mandates

Alfons Moermans

Director · since 20 avril 2026 · until 15 juin 2027

Active

ATFS

Director · since 20 avril 2026 · until 15 juin 2027 · 0668.844.692

Represented by Tom Berghmans

Active

Ian Borgenon

Director · since 20 avril 2026 · until 15 juin 2027

Active

Ended mandates

ARTEMINO

Director · since 16 juin 2021 · until 15 juin 2027 · 0892.226.586

Represented by Danny Beyltiens

Ended

ARTEMINO

Director · since 16 juin 2021 · until 15 juin 2027 · 0892.226.586

Represented by Danny Beyltiens

Ended

CALDAMO

Director · since 16 juin 2021 · until 15 juin 2027 · 0878.601.947

Represented by Dirk Callaerts

Ended

CALDAMO

Director · since 16 juin 2021 · until 15 juin 2027 · 0878.601.947

Represented by Dirk Callaerts

Ended

At this address

Other companies at this address

Company	CBE no.
KATOEN NATIE KEMPEN● Active	0401.277.716
Langen Transport Belgium● Active	0698.601.027
Langen Transport Services● Active	0783.805.728
SPOELHAL● Active	0449.217.391

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	07/07/2026	01/07/2025	30/07/2024	21/08/2023	03/08/2022	30/07/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	30/06/2023	21/06/2022	15/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/06/2026	07/07/2026	Dutch	PDF
Abridged model	31/12/2024	17/06/2025	01/07/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	21/08/2023	Dutch	PDF
Abridged model	31/12/2021	21/06/2022	03/08/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	12/08/2020	Dutch	PDF
Full model	31/12/2018	18/06/2019	05/08/2019	Dutch	PDF
Full model	31/12/2017	27/04/2018	18/05/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	28/08/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	24/08/2016	Dutch	PDF
Full model	31/12/2014	16/06/2015	10/08/2015	Dutch	PDF
Full model	31/12/2013	17/06/2014	18/08/2014	Dutch	PDF
Full model	31/12/2012	18/06/2013	23/08/2013	Dutch	PDF
Full model	31/12/2011	19/06/2012	10/08/2012	Dutch	PDF
Full model	31/12/2010	21/06/2011	09/08/2011	Dutch	PDF
Full model	31/12/2009	15/06/2010	03/08/2010	Dutch	PDF
Full model	30/12/2008	16/06/2009	25/08/2009	Dutch	PDF
Full model	30/12/2007	17/06/2008	30/07/2008	Dutch	PDF
Full model	30/12/2006	19/06/2007	29/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 27 ended

Active mandates

Alfons Moermans

Director · since 20 avril 2026 · until 15 juin 2027

Active

ATFS

Director · since 20 avril 2026 · until 15 juin 2027 · 0668.844.692

Represented by Tom Berghmans

Active

Ian Borgenon

Director · since 20 avril 2026 · until 15 juin 2027

Active

Ended mandates

ARTEMINO

Director · since 16 juin 2021 · until 15 juin 2027 · 0892.226.586

Represented by Danny Beyltiens

Ended

ARTEMINO

Director · since 16 juin 2021 · until 15 juin 2027 · 0892.226.586

Represented by Danny Beyltiens

Ended

CALDAMO

Director · since 16 juin 2021 · until 15 juin 2027 · 0878.601.947

Represented by Dirk Callaerts

Ended

CALDAMO

Director · since 16 juin 2021 · until 15 juin 2027 · 0878.601.947

Represented by Dirk Callaerts

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other04/09/2026
MACHTEN '
PDF
Mandates04/06/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates06/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/12/2020
KAPITAAL - AANDELEN
PDF
Mandates12/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/12/2019
KAPITAAL - AANDELEN - DIVERSEN
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

20/04/2026
nominationATFS — bestuurder
20/04/2026
nominationAlfons Moermans — bestuurder
20/04/2026
nominationIan Borgenon — bestuurder
2025
Annual accounts 20251,3 M €↑
2024
Annual accounts 2024574,4 k €↑
2023
Annual accounts 2023545,7 k €↑
30/06/2023
reconductionRonald Van den Ecker — vaste vertegenwoordiger (commissaris)
2022
Annual accounts 2022137,1 k €↓
25/11/2022
augmentation_capital
2021
Annual accounts 2021369,8 k €↑
2020
Annual accounts 202023,7 k €↑
2019
Annual accounts 2019-260,2 k €↑
2018
Annual accounts 2018-1,5 M €↓
2016
Annual accounts 2016155,6 k €↓
2015
Annual accounts 2015991,4 k €↓
2014
Annual accounts 20142 M €↑
2013
Annual accounts 2013-1,4 M €↓
2012
Annual accounts 20122,8 M €↓
2011
Annual accounts 201114,7 M €↑
2010
Annual accounts 2010-1,9 M €↓
2009
Annual accounts 2009599,4 k €↓
2008
Annual accounts 20081,9 M €
08/10/1997
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

WEST LOGISTICS

Overview

What does WEST LOGISTICS do?

Trend over 17 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