ACTIVE

UNITED PARCEL SERVICE BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result9,6 M €+28,3 %over 1 year

Revenue357,4 M €+6,9 %over 1 year

Equity21,4 M €-13,6 %over 1 year

Workforce670,5 ETP-3,5 %over 1 year

Identity

Source · BCE/KBO

UNITED PARCEL SERVICE BELGIUM is a Private limited company incorporated in 1986. Its registered office is in Machelen (Brab.). It employs on average 670,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0428.759.497
Incorporation: 25/03/1986
Legal form: Private limited company
Registered office: Woluwelaan 156
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital: 2 454 495,08 €
Latest accounts: 31/12/2025
Average workforce: 670,5 ETP

Joint committees (3)

140
14003
226

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	357,4 M €	+6.9%	334,2 M €	-8.2%	363,9 M €	-6.5%	389,1 M €	-0.0%	389,2 M €
EBITDA	18,5 M €	+51.6%	12,2 M €	-34.4%	18,6 M €	-17.3%	22,5 M €	+18.6%	19 M €
Operating result	14,5 M €	+41.7%	10,2 M €	-39.4%	16,9 M €	-28.9%	23,8 M €	+50.3%	15,8 M €
Net result	9,6 M €	+28.3%	7,5 M €	-37.0%	11,9 M €	-30.8%	17,2 M €	+62.4%	10,6 M €
Balance sheet
Equity	21,4 M €	-13.6%	24,7 M €	+43.6%	17,2 M €	-15.1%	20,3 M €	-75.0%	81,1 M €
Total assets	70,5 M €	+8.9%	64,7 M €	-2.6%	66,5 M €	-13.3%	76,7 M €	-40.2%	128,2 M €
Cash	8 M €	+1326821%	600 €	-100.0%	5,1 M €	-22.3%	6,6 M €	-77.2%	28,8 M €
Debts	38,9 M €	+25.8%	31 M €	-24.6%	41,1 M €	-16.0%	48,9 M €	+42.6%	34,3 M €
Other
Workforce	670,5 ETP	-3.5%	695,1 ETP	-3.4%	719,8 ETP	+0.2%	718,2 ETP	+5.6%	680,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 24 ended

Active mandates

Andrew Sleiman

Director · since 14 janvier 2026

Active

Michiel Van Veen

Director · since 01 janvier 2024

Active

Raoul Stewardson

Director · since 23 juin 2022 · until 20 novembre 2025

Active

Daniel Carrera Garcia

Director · since 01 mars 2021 · until 18 mai 2027

Active

Ended mandates

Michel VAN VEEN

Director · since 01 janvier 2024

Ended

Karl Haberkorn

Director · since 24 octobre 2023 · until 01 mars 2024

Ended

Raoul Stewardson

Director · since 23 juin 2022

Ended

Daniel Carrera

Director · since 01 mars 2021 · until 18 mai 2027

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	06/07/2026	08/07/2025	18/06/2024	20/06/2023	29/06/2022	01/07/2021
General meeting	26/06/2026	02/07/2025	14/06/2024	15/06/2023	23/06/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	06/07/2026	Dutch	PDF
Full model	31/12/2024	02/07/2025	08/07/2025	Dutch	PDF
Full model	31/12/2023	14/06/2024	18/06/2024	Dutch	PDF
Full model	31/12/2022	15/06/2023	20/06/2023	Dutch	PDF
Full model	31/12/2021	23/06/2022	29/06/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	02/07/2019	Dutch	PDF
Full model	31/12/2017	24/05/2018	22/06/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	26/08/2016	09/09/2016	Dutch	PDF
Full model	31/12/2014	29/05/2015	17/06/2015	Dutch	PDF
Full modelCorrection	31/12/2013	14/07/2014	12/01/2015	Dutch	PDF
Full model	31/12/2013	20/06/2014	06/10/2014	Dutch	PDF
Full modelCorrection	31/12/2012	12/06/2013	05/09/2013	Dutch	PDF
Full model	31/12/2012	12/06/2013	19/06/2013	Dutch	PDF
Full model	31/12/2011	14/06/2012	28/06/2012	Dutch	PDF
Full model	31/12/2010	01/06/2011	07/06/2011	Dutch	PDF
Full model	31/12/2009	18/05/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	19/05/2009	13/07/2009	Dutch	PDF
Full model	31/12/2007	20/05/2008	04/07/2008	Dutch	PDF
Full model	31/12/2006	15/05/2007	20/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 24 ended

Active mandates

Andrew Sleiman

Director · since 14 janvier 2026

Active

Michiel Van Veen

Director · since 01 janvier 2024

Active

Raoul Stewardson

Director · since 23 juin 2022 · until 20 novembre 2025

Active

Daniel Carrera Garcia

Director · since 01 mars 2021 · until 18 mai 2027

Active

Ended mandates

Michel VAN VEEN

Director · since 01 janvier 2024

Ended

Karl Haberkorn

Director · since 24 octobre 2023 · until 01 mars 2024

Ended

Raoul Stewardson

Director · since 23 juin 2022

Ended

Daniel Carrera

Director · since 01 mars 2021 · until 18 mai 2027

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates30/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/04/2024
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

14/01/2026
nominationAndrew Sleiman — bestuurder
2025
Annual accounts 20259,6 M €↑
02/07/2025
reconductionDeloitte Bedrijfrevisoren BV — commissaris
27/03/2025
nominationLien Anna T Hendrickx — bijzondere volmachten inzake HR en arbeidszaken
2024
Annual accounts 20247,5 M €↓
01/01/2024
nominationMichiel van Veen — bestuurder
2023
Annual accounts 202311,9 M €↓
23/11/2023
nominationJosé Maria Odriozola — bijzonder volmachthouder
24/10/2023
nominationKarl Haberkorn — bestuurder
2022
Annual accounts 202217,2 M €↑
23/06/2022
reconductionRaoul Stewardson — bestuurder
23/06/2022
reconductionDeloitte Bedrijfsrevisoren BV — commissaris
14/02/2022
revocationJulie Bouckaert — bijzondere bevoegdheden aangaande human resources en arbeidsrechtelijke aangelegenheden
14/02/2022
revocationRenée Aerts — bijzondere bevoegdheden aangaande human resources en arbeidsrechtelijke aangelegenheden
01/01/2022
split
2021
Annual accounts 202110,6 M €↓
2020
Annual accounts 202017,1 M €↑
2019
Annual accounts 2019-64,9 k €↓
2016
Annual accounts 201629,7 M €↑
2015
Annual accounts 20152,5 M €↓
2014
Annual accounts 20143,1 M €↓
2013
Annual accounts 201330,3 M €↑
2012
Annual accounts 2012309,2 k €↓
2011
Annual accounts 201115,7 M €↑
2010
Annual accounts 20103,3 M €↓
2009
Annual accounts 200917,8 M €↑
2008
Annual accounts 2008-2,6 M €
25/03/1986
IncorporationPrivate limited company

UNITED PARCEL SERVICE 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