ACTIVE

DHL GLOBAL FORWARDING (BELGIUM)

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Financial year 2025 · Closed on 31/12/2025

Net result-3,6 M €-152,4 %over 1 year

Revenue444,9 M €-8,9 %over 1 year

Equity29,6 M €-26,0 %over 1 year

Workforce596,3 ETP-1,2 %over 1 year

Identity

Source · BCE/KBO

DHL GLOBAL FORWARDING (BELGIUM) is a Public limited company incorporated in 1963. Its main activity is: Freight transport by road. Its registered office is in Machelen (Brab.). It employs on average 596,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0400.615.641
Incorporation: 15/07/1963
Legal form: Public limited company
Registered office: Bedrijvenzone Machelen-Cargo 830
1830 Machelen (Brab.) · FlandreSee on map
Contributed capital: 5 055 434,66 €
Latest accounts: 31/12/2025
Average workforce: 596,3 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 52249Cargo handling 52249Cargo handling 60242Television programming and broadcasting activities 63112Data processing, hosting and related activities+3

Joint committees (2)

Signals

Solid equityGood liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	444,9 M €	-8.9%	488,6 M €	-13.8%	567,1 M €	-31.7%	830 M €	+26.6%	655,5 M €
EBITDA	-3 M €	-133%	9,1 M €	-19.8%	11,4 M €	-55.7%	25,7 M €	+132%	11,1 M €
Operating result	-3,9 M €	-147%	8,3 M €	-20.4%	10,5 M €	-57.0%	24,3 M €	+145%	9,9 M €
Net result	-3,6 M €	-152%	6,8 M €	-6.9%	7,3 M €	-59.0%	17,8 M €	+160%	6,9 M €
Balance sheet
Equity	29,6 M €	-26.0%	39,9 M €	-0.5%	40,1 M €	+22.3%	32,8 M €	+119%	15 M €
Total assets	86,7 M €	-11.3%	97,8 M €	-2.8%	100,6 M €	-23.1%	130,8 M €	+12.2%	116,6 M €
Cash	24,7 M €	+9.0%	22,7 M €	-21.2%	28,8 M €	+19.0%	24,2 M €	+387%	5 M €
Debts	54,8 M €	-1.5%	55,6 M €	-4.6%	58,3 M €	-39.3%	96 M €	-3.5%	99,4 M €
Other
Workforce	596,3 ETP	-1.2%	603,7 ETP	-2.6%	619,8 ETP	-3.8%	644,4 ETP	+6.2%	606,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 22 ended

Active mandates

Thorsten Schilling

Director · since 12 juin 2025 · until 25 mai 2028

Active

Karel Stassart

Director · since 25 mai 2023 · until 28 mai 2026

Active

Luc Jacobs

Managing director · since 25 mai 2023 · until 28 mai 2026

Active

Ended mandates

Thorsten Schilling

Director · since 01 août 2022 · until 29 mai 2025

Ended

Karel Stassart

Director · since 19 mars 2021 · until 25 mai 2023

Ended

Karel Stassart

Director · since 19 mars 2021 · until 26 mai 2023

Ended

Luc Jacobs

Managing director · since 28 mai 2020 · until 25 mai 2023

Ended

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	08/06/2026	27/06/2025	04/06/2024	06/06/2023	02/06/2022	07/06/2021
General meeting	28/05/2026	12/06/2025	30/05/2024	25/05/2023	27/05/2022	27/05/2021
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	28/05/2026	08/06/2026	Dutch	PDF
Full model	31/12/2024	12/06/2025	27/06/2025	Dutch	PDF
Full model	31/12/2023	30/05/2024	04/06/2024	Dutch	PDF
Full model	31/12/2022	25/05/2023	06/06/2023	Dutch	PDF
Full model	31/12/2021	27/05/2022	02/06/2022	Dutch	PDF
Full model	31/12/2020	27/05/2021	07/06/2021	Dutch	PDF
Full model	31/12/2019	28/05/2020	09/06/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	06/06/2019	Dutch	PDF
Full model	31/12/2017	31/05/2018	05/06/2018	Dutch	PDF
Full model	31/12/2016	26/05/2017	26/05/2017	Dutch	PDF
Full model	31/12/2015	26/05/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	28/05/2015	15/06/2015	Dutch	PDF
Full model	31/12/2013	30/05/2014	20/06/2014	Dutch	PDF
Full model	31/12/2012	30/05/2013	14/06/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	07/06/2012	Dutch	PDF
Full model	31/12/2010	26/05/2011	29/06/2011	Dutch	PDF
Full model	31/12/2009	27/05/2010	08/06/2010	Dutch	PDF
Full model	31/12/2008	28/05/2009	10/07/2009	Dutch	PDF
Full model	31/12/2007	29/05/2008	30/07/2008	Dutch	PDF
Full model	31/12/2006	31/05/2007	31/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

3 active · 22 ended

Active mandates

Thorsten Schilling

Director · since 12 juin 2025 · until 25 mai 2028

Active

Karel Stassart

Director · since 25 mai 2023 · until 28 mai 2026

Active

Luc Jacobs

Managing director · since 25 mai 2023 · until 28 mai 2026

Active

Ended mandates

Thorsten Schilling

Director · since 01 août 2022 · until 29 mai 2025

Ended

Karel Stassart

Director · since 19 mars 2021 · until 25 mai 2023

Ended

Karel Stassart

Director · since 19 mars 2021 · until 26 mai 2023

Ended

Luc Jacobs

Managing director · since 28 mai 2020 · until 25 mai 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates06/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other31/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates07/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/04/2021
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025-3,6 M €↓
12/06/2025
reconductionThorsten Schilling — bestuurder
2024
Annual accounts 20246,8 M €↓
2023
Annual accounts 20237,3 M €↓
25/05/2023
reconductionLuc Jacobs — gedelegeerd bestuurder
25/05/2023
reconductionKarel Stassart — bestuurder
25/05/2023
nominationTom Windelen — commissaris
2022
Annual accounts 202217,8 M €↑
01/08/2022
nominationThorsten SCHILLING — bestuurder
2021
Annual accounts 20216,9 M €↑
2020
Annual accounts 20202,1 M €↑
2019
Annual accounts 20191,8 M €↑
2018
Annual accounts 2018-1,9 M €↑
2017
Annual accounts 2017-3,5 M €↓
2016
Annual accounts 2016-3,2 M €↓
2015
Annual accounts 2015-2,4 M €↓
2014
Annual accounts 2014-568,3 k €↑
2013
Annual accounts 2013-1,4 M €↓
2012
Annual accounts 20122,7 M €↓
2011
Annual accounts 20114,2 M €↑
2010
Annual accounts 20104 M €↑
2009
Annual accounts 2009754,5 k €↓
2008
Annual accounts 20088,6 M €
15/07/1963
IncorporationPublic limited company

DHL GLOBAL FORWARDING (BELGIUM)

Overview

Identity

Financials

Valuation

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

Timeline