ACTIVE

DHL INTERNATIONAL

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Financial year 2025 · closed on 31/12/2025

Net result

10 M €

-12.2% YoY

Revenue

426,2 M €

+3.3% YoY

Equity

18,7 M €

-7.2% YoY

Workforce

753,9 ETP

-2.6% YoY

What does DHL INTERNATIONAL do?

DHL INTERNATIONAL is a Public limited company incorporated in 1969. Its registered office is in Machelen (Brab.). It employs on average 753,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.796.224

Incorporation

03/07/1969

Legal form

Public limited company

Registered office

Woluwelaan 151
1831 Machelen (Brab.) · FlandreSee on map

Contributed capital

1 166 000,00 €

Latest accounts

31/12/2025

Average workforce

753,9 ETP

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	426,2 M €	+3.3%	412,4 M €	+4.5%	394,5 M €	+0.7%	391,9 M €	+12.9%	347,3 M €	+46.0%	237,9 M €	+0.2%	237,4 M €	+4.2%	227,9 M €	+12.2%	203,1 M €	+4.8%	193,9 M €	+1.0%	191,9 M €	+0.6%	190,8 M €	+9.5%	174,3 M €	+3.1%	169 M €	+5.0%	160,9 M €	+5.9%	152 M €	-0.0%	152 M €	-18.4%	186,3 M €
EBITDA	14,9 M €	-5.2%	15,7 M €	+1.4%	15,5 M €	-6.6%	16,6 M €	+74.8%	9,5 M €	+25.4%	7,6 M €	-3.0%	7,8 M €	-7.3%	8,4 M €	+54.0%	5,5 M €	-12.6%	6,3 M €	+5.6%	5,9 M €	+12.0%	5,3 M €	+7.8%	4,9 M €	+4.7%	4,7 M €	-10.0%	5,2 M €	+5.8%	4,9 M €	-24.4%	6,5 M €	+6.8%	6,1 M €
Operating result	13,2 M €	-7.4%	14,3 M €	+10.3%	12,9 M €	-10.0%	14,4 M €	+119%	6,6 M €	+15.1%	5,7 M €	-4.7%	6 M €	+3.7%	5,8 M €	+62.4%	3,5 M €	-18.0%	4,3 M €	+6.9%	4 M €	+10.3%	3,7 M €	+17.7%	3,1 M €	+21.0%	2,6 M €	-36.1%	4 M €	+25.6%	3,2 M €	-16.2%	3,8 M €	-8.4%	4,2 M €
Net result	10 M €	-12.2%	11,3 M €	+11.0%	10,2 M €	-4.4%	10,7 M €	+154%	4,2 M €	+6.0%	4 M €	+9.9%	3,6 M €	-7.1%	3,9 M €	+125%	1,7 M €	-27.3%	2,4 M €	-9.9%	2,6 M €	+18.7%	2,2 M €	+14.5%	1,9 M €	+30.0%	1,5 M €	-21.0%	1,9 M €	-38.4%	3,1 M €	+53.0%	2 M €	-32.5%	3 M €
Balance sheet
Equity	18,7 M €	-7.2%	20,1 M €	+5.5%	19,1 M €	+6.8%	17,8 M €	+149%	7,2 M €	-20.1%	9 M €	-25.3%	12 M €	-10.4%	13,4 M €	+7.0%	12,5 M €	+16.0%	10,8 M €	+28.2%	8,4 M €	+45.6%	5,8 M €	-23.5%	7,6 M €	-0.8%	7,6 M €	-31.5%	11,1 M €	+20.4%	9,2 M €	-42.9%	16,2 M €	+14.1%	14,2 M €
Total assets	87,3 M €	+1.0%	86,4 M €	+4.3%	82,8 M €	-0.6%	83,3 M €	+5.7%	78,8 M €	+37.4%	57,3 M €	+2.1%	56,2 M €	+7.3%	52,3 M €	+8.2%	48,3 M €	+1.9%	47,4 M €	+0.5%	47,2 M €	+10.6%	42,7 M €	+9.3%	39 M €	+8.8%	35,8 M €	-10.7%	40,2 M €	-14.3%	46,9 M €	-7.7%	50,8 M €	-11.3%	57,2 M €
Cash	24,5 M €	+0.7%	24,4 M €	+21.4%	20,1 M €	-23.9%	26,4 M €	+39.2%	18,9 M €	+34.7%	14,1 M €	-22.1%	18,1 M €	-1.0%	18,2 M €	+27.9%	14,3 M €	-2.9%	14,7 M €	+23.5%	11,9 M €	+16.8%	10,2 M €	+23.4%	8,3 M €	+21.1%	6,8 M €	-37.7%	10,9 M €	-26.1%	14,8 M €	-1.3%	15 M €	-35.7%	23,3 M €
Debts	65,7 M €	+2.9%	63,9 M €	+4.0%	61,4 M €	-4.5%	64,3 M €	-8.7%	70,4 M €	+49.4%	47,1 M €	+9.7%	43 M €	+13.2%	38 M €	+8.8%	34,9 M €	-4.0%	36,4 M €	-4.6%	38,1 M €	+5.4%	36,2 M €	+18.3%	30,6 M €	+14.8%	26,6 M €	-6.5%	28,5 M €	-21.5%	36,2 M €	+17.7%	30,8 M €	-24.8%	41 M €
Other
Workforce	753,9 ETP	-2.6%	774,1 ETP	-3.2%	799,6 ETP	-3.0%	824,6 ETP	+1.7%	810,9 ETP	+12.4%	721,2 ETP	+2.5%	703,8 ETP	+1.2%	695,3 ETP	+4.7%	663,8 ETP	+3.1%	643,9 ETP	+1.4%	635,0 ETP	+5.4%	602,7 ETP	+1.7%	592,4 ETP	-2.9%	610,4 ETP	-2.8%	627,9 ETP	+0.4%	625,6 ETP	-10.0%	695,1 ETP	-15.1%	818,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 31 ended

Active mandates

Reiner Wolfs

Managing director · since 15 février 2026 · until 12 mai 2028

Active

Danny Van Himste

Managing director · since 09 mai 2025 · until 15 février 2026

Active

Derya Özer Sagkan

Director · since 09 mai 2025 · until 12 mai 2028

Active

Johan Watteeuw

Director · since 09 mai 2025 · until 12 mai 2028

Active

Ended mandates

Derya Özer Sagkan

Director · since 01 septembre 2022 · until 09 mai 2025

Ended

Alastair McCambridge

Director · since 20 mai 2019 · until 13 mai 2022

Ended

Alastair McCambridge

Director · since 20 mai 2019 · until 01 septembre 2022

Ended

Danny Van Himste

Managing director · since 20 mai 2019 · until 13 mai 2022

Ended

At this address

Other companies at this address

Company	CBE no.
BELGIAN COURIER ASSOCIATION● Active	0874.323.950

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	15/06/2026	19/05/2025	20/06/2024	06/06/2023	20/05/2022	17/06/2021
General meeting	08/05/2026	09/05/2025	12/06/2024	12/05/2023	13/05/2022	14/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	08/05/2026	15/06/2026	Dutch	PDF
Full model	31/12/2024	09/05/2025	19/05/2025	Dutch	PDF
Full model	31/12/2023	12/06/2024	20/06/2024	Dutch	PDF
Full model	31/12/2022	12/05/2023	06/06/2023	Dutch	PDF
Full model	31/12/2021	13/05/2022	20/05/2022	Dutch	PDF
Full model	31/12/2020	14/05/2021	17/06/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	29/06/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	06/06/2019	Dutch	PDF
Full model	31/12/2017	11/05/2018	15/05/2018	Dutch	PDF
Full model	31/12/2016	12/05/2017	29/05/2017	Dutch	PDF
Full model	31/12/2015	01/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	08/05/2015	16/06/2015	Dutch	PDF
Full model	31/12/2013	09/05/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	10/05/2013	24/06/2013	Dutch	PDF
Full model	31/12/2011	08/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	13/05/2011	06/06/2011	Dutch	PDF
Full model	31/12/2009	14/05/2010	01/06/2010	Dutch	PDF
Full model	31/12/2008	08/05/2009	02/06/2009	Dutch	PDF
Full model	31/12/2007	18/06/2008	30/06/2008	Dutch	PDF
Full model	31/12/2006	11/05/2007	11/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 31 ended

Active mandates

Reiner Wolfs

Managing director · since 15 février 2026 · until 12 mai 2028

Active

Danny Van Himste

Managing director · since 09 mai 2025 · until 15 février 2026

Active

Derya Özer Sagkan

Director · since 09 mai 2025 · until 12 mai 2028

Active

Johan Watteeuw

Director · since 09 mai 2025 · until 12 mai 2028

Active

Ended mandates

Derya Özer Sagkan

Director · since 01 septembre 2022 · until 09 mai 2025

Ended

Alastair McCambridge

Director · since 20 mai 2019 · until 13 mai 2022

Ended

Alastair McCambridge

Director · since 20 mai 2019 · until 01 septembre 2022

Ended

Danny Van Himste

Managing director · since 20 mai 2019 · until 13 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other27/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL
PDF
Mandates05/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2021
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

15/02/2026
nominationReiner Wolfs — bestuurder
2025
Annual accounts 202510 M €↓
09/05/2025
reconductionDanny Van Himste — bestuurder
09/05/2025
reconductionJohan Watteeuw — bestuurder
09/05/2025
reconductionDerya Özer Sagkan — bestuurder
17/04/2025
nominationDanny van Himste — gedelegeerd bestuurder
2024
Annual accounts 202411,3 M €↑
2023
Annual accounts 202310,2 M €↓
12/05/2023
nominationDeloitte Bedrijfsrevisoren BV — commissaris
2022
Annual accounts 202210,7 M €↑
01/09/2022
nominationDerya Özer Saëkan — Bestuurder
13/05/2022
reconductionDanny Van Himste — gedelegeerd bestuurder
13/05/2022
reconductionDanny Van Himste — Gedelegeerd Bestuurder
13/05/2022
reconductionJohan Watteeuw — Bestuurder
13/05/2022
reconductionAtastair McCambridge — bestuurder
2021
Annual accounts 20214,2 M €↑
2020
Annual accounts 20204 M €↑
2019
Annual accounts 20193,6 M €↓
2018
Annual accounts 20183,9 M €↑
2017
Annual accounts 20171,7 M €↓
2016
Annual accounts 20162,4 M €↓
2015
Annual accounts 20152,6 M €↑
2014
Annual accounts 20142,2 M €↑
2013
Annual accounts 20131,9 M €↑
2012
Annual accounts 20121,5 M €↓
2011
Annual accounts 20111,9 M €↓
2010
Annual accounts 20103,1 M €↑
2009
Annual accounts 20092 M €↓
2008
Annual accounts 20083 M €
03/07/1969
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

DHL INTERNATIONAL

Overview

What does DHL INTERNATIONAL do?

Trend over 18 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