ACTIVE

VG LOGISTICS

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Financial year 2025 · closed on 31/12/2025

Net result

166,2 k €

-38.3% YoY

Gross margin

2,7 M €

+0.5% YoY

Equity

2,4 M €

+7.4% YoY

Workforce

27,3 ETP

-1.8% YoY

What does VG LOGISTICS do?

VG LOGISTICS is a Private limited company incorporated in 2008. Its main activity is: Freight transport by road. Its registered office is in Aalst. It employs on average 27,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0807.683.069

Incorporation

10/11/2008

Legal form

Private limited company

Registered office

Moorselbaan 448
9300 Aalst · FlandreSee on map

Contributed capital

135 000,00 €

Latest accounts

31/12/2025

Average workforce

27,3 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 52249Cargo handling 52249Cargo handling 49410Freight transport by road 49410Freight transport by road+2

Joint committees (4)

140
14003
226
2260

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	2,7 M €	+0.5%	2,7 M €	-1.7%	2,7 M €	+15.5%	2,3 M €	+8.3%	2,2 M €	+10.1%	2 M €	-5.1%	2,1 M €	+3.0%	2 M €	+12.8%	1,8 M €	+29.5%	1,4 M €	+14.0%	1,2 M €	+15.1%	1 M €	+13.0%	928,2 k €	+12.2%	827,3 k €	+236%	246,4 k €	+231%	74,4 k €
EBITDA	751,4 k €	-7.6%	813,2 k €	-9.8%	902 k €	+14.5%	787,6 k €	+3.9%	758,3 k €	+9.8%	690,3 k €	-19.2%	854,9 k €	+5.1%	813,1 k €	+24.6%	652,6 k €	+35.5%	481,7 k €	+55.7%	309,3 k €	+17.7%	262,8 k €	+89.3%	138,8 k €	-8.1%	151,1 k €	-29.9%	215,5 k €	+256%	60,6 k €
Operating result	242 k €	-30.3%	347,2 k €	-40.8%	586,6 k €	+0.7%	582,3 k €	+11.6%	521,8 k €	+33.0%	392,3 k €	-1.2%	397,1 k €	+75.9%	225,8 k €	+1.9%	221,7 k €	+87.3%	118,3 k €	+43.5%	82,5 k €	-36.3%	129,4 k €	+518%	20,9 k €	-50.6%	42,4 k €	-51.5%	87,3 k €	+506%	-21,5 k €
Net result	166,2 k €	-38.3%	269,6 k €	-38.9%	440,9 k €	+14.6%	384,9 k €	+3.1%	373,2 k €	+39.5%	267,5 k €	-0.7%	269,4 k €	+71.8%	156,8 k €	+22.6%	127,9 k €	+99.6%	64,1 k €	-25.2%	85,7 k €	+12.5%	76,1 k €	+887%	7,7 k €	-88.3%	65,9 k €	-24.5%	87,3 k €	+367%	-32,8 k €
Balance sheet
Equity	2,4 M €	+7.4%	2,2 M €	+6.1%	2,1 M €	+17.5%	1,8 M €	+14.1%	1,6 M €	+31.1%	1,2 M €	+21.0%	991,8 k €	+37.3%	722,4 k €	+27.7%	565,7 k €	+29.2%	437,7 k €	+17.2%	373,6 k €	+29.8%	287,9 k €	+25.8%	228,8 k €	+3.5%	221,1 k €	+42.5%	155,2 k €	+129%	67,8 k €
Total assets	3,6 M €	+1.6%	3,6 M €	+3.1%	3,5 M €	+14.0%	3 M €	+16.9%	2,6 M €	+14.5%	2,3 M €	-4.9%	2,4 M €	+10.0%	2,2 M €	+21.9%	1,8 M €	+25.9%	1,4 M €	+24.7%	1,1 M €	+32.3%	857,3 k €	+22.1%	702,2 k €	+12.3%	625,1 k €	-10.2%	696,3 k €	+32.4%	526 k €
Cash	483,7 k €	-9.1%	532,4 k €	-38.9%	871,7 k €	+11.4%	782,6 k €	+10.7%	707,2 k €	-6.7%	757,9 k €	-39.0%	1,2 M €	+42.5%	872,4 k €	+42.9%	610,5 k €	+59.0%	383,9 k €	+28.4%	298,9 k €	+79.3%	166,6 k €	+98.0%	84,2 k €	-17.7%	102,3 k €	+119%	46,7 k €	+1317%	3,3 k €
Debts	1,2 M €	-8.0%	1,3 M €	-1.5%	1,4 M €	+9.2%	1,2 M €	+21.3%	1 M €	-4.4%	1,1 M €	-23.1%	1,4 M €	-3.2%	1,4 M €	+18.7%	1,2 M €	+24.3%	976,9 k €	+28.5%	760,3 k €	+33.5%	569,4 k €	+20.3%	473,2 k €	+17.2%	403,8 k €	-25.4%	541,2 k €	+18.1%	458,1 k €
Other
Workforce	27,3 ETP	-1.8%	27,8 ETP	+3.3%	26,9 ETP	+5.5%	25,5 ETP	+5.8%	24,1 ETP	-6.2%	25,7 ETP	+13.2%	22,7 ETP	+9.1%	20,8 ETP	+14.3%	18,2 ETP	+23.8%	14,7 ETP	0.0%	14,7 ETP	+9.7%	13,4 ETP	+1.5%	13,2 ETP	+1.5%	13,0 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 9 ended

Active mandates

IMMOGIJS

Director · since 01 janvier 2021 · 0471.003.492

Represented by Christiane LEJUSTE

Active

Guy Van Gysegem

Director

Active

Philippe Van Gysegem

Director

Active

Ended mandates

IMMOGIJS

Director · since 01 janvier 2021 · 0471.003.492

Represented by Christiane LEJUSTE

Ended

Guy Van Gijsegem

Director

Ended

Guy Van Gijsegem

Manager

Ended

Guy Van Gysegem

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
IMMOGIJS● Active	0471.003.492
Merckx Meubelen● Active	0682.418.457

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	28/07/2026	30/07/2025	26/07/2024	12/06/2023	14/06/2022	14/06/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	10/06/2023	10/06/2022	10/06/2021
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
Abridged model	31/12/2025	30/06/2026	28/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	26/07/2024	Dutch	PDF
Abridged model	31/12/2022	10/06/2023	12/06/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	14/06/2022	Dutch	PDF
Abridged model	31/12/2020	10/06/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	10/06/2020	14/06/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	12/06/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	13/06/2018	Dutch	PDF
Abridged model	31/12/2016	10/06/2017	20/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	10/06/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	18/06/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	10/06/2013	Dutch	PDF
Abridged model	31/12/2011	31/03/2012	03/07/2012	Dutch	PDF
Abridged model	31/12/2010	31/03/2011	08/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/03/2010	11/06/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 9 ended

Active mandates

IMMOGIJS

Director · since 01 janvier 2021 · 0471.003.492

Represented by Christiane LEJUSTE

Active

Guy Van Gysegem

Director

Active

Philippe Van Gysegem

Director

Active

Ended mandates

IMMOGIJS

Director · since 01 janvier 2021 · 0471.003.492

Represented by Christiane LEJUSTE

Ended

Guy Van Gijsegem

Director

Ended

Guy Van Gijsegem

Manager

Ended

Guy Van Gysegem

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/10/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other19/11/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025166,2 k €↓
2024
Annual accounts 2024269,6 k €↓
2023
Annual accounts 2023440,9 k €↑
2022
Annual accounts 2022384,9 k €↑
2021
Annual accounts 2021373,2 k €↑
2020
Annual accounts 2020267,5 k €↓
2019
Annual accounts 2019269,4 k €↑
2018
Annual accounts 2018156,8 k €↑
2017
Annual accounts 2017127,9 k €↑
2016
Annual accounts 201664,1 k €↓
2015
Annual accounts 201585,7 k €↑
2014
Annual accounts 201476,1 k €↑
2013
Annual accounts 20137,7 k €↓
2012
Annual accounts 201265,9 k €↓
2011
Annual accounts 201187,3 k €↑
2010
Annual accounts 2010-32,8 k €
10/11/2008
IncorporationPrivate 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

VG LOGISTICS

Overview

What does VG LOGISTICS do?

Trend over 16 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