ACTIVE

DHL Service Logistics

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Financial year 2025 · Closed on 31/12/2025

Net result3,7 M €+65,1 %over 1 year

Revenue190,1 M €+2,7 %over 1 year

Equity32,4 M €+13,1 %over 1 year

Workforce153,8 ETP+5,3 %over 1 year

Identity

Source · BCE/KBO

DHL Service Logistics is a Public limited company incorporated in 1992. Its main activity is: Support activities for transportation. Its registered office is in Machelen (Brab.). It employs on average 153,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0447.306.293
Incorporation: 23/04/1992
Legal form: Public limited company
Registered office: De Kleetlaan 1
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital: 2 100 000,00 €
Latest accounts: 31/12/2025
Average workforce: 153,8 ETP

Activities (NACE)

52250Support activities for transportation· main 52290Other transportation support activities 74131Specialised design activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.73200Market research and public opinion polling+1

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	190,1 M €	+2.7%	185 M €	+6.0%	174,6 M €	-1.4%	177 M €	+8.6%	162,9 M €
EBITDA	8,4 M €	+47.9%	5,7 M €	+82.3%	3,1 M €	+17.9%	2,6 M €	+14.8%	2,3 M €
Operating result	5,7 M €	+64.3%	3,5 M €	+681%	442,4 k €	+216%	140 k €	+114%	-1 M €
Net result	3,7 M €	+65.1%	2,3 M €	+1728%	-139,5 k €	-158%	242,3 k €	+129%	-824 k €
Balance sheet
Equity	32,4 M €	+13.1%	28,7 M €	+8.6%	26,4 M €	-0.5%	26,5 M €	+0.9%	26,3 M €
Total assets	56,6 M €	-10.4%	63,1 M €	+8.9%	58 M €	+0.7%	57,5 M €	+7.4%	53,5 M €
Cash	2,7 M €		–		–		1,8 M €	-5.4%	1,9 M €
Debts	24 M €	-29.2%	33,9 M €	+11.1%	30,5 M €	+1.2%	30,2 M €	+15.8%	26,1 M €
Other
Workforce	153,8 ETP	+5.3%	146,1 ETP	+6.2%	137,6 ETP	+6.2%	129,6 ETP	+3.3%	125,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 38 ended

Active mandates

Carlo Godschalk

Managing director · since 16 mai 2025 · until 12 mai 2028

Active

Jacob Verhagen

Director · since 16 mai 2025 · until 12 mai 2028

Active

Alexis Sacré

Director · since 01 avril 2024 · until 14 mai 2027

Active

Ended mandates

Carlo Godschalk

Managing director · since 15 septembre 2022 · until 12 mai 2023

Ended

Carlo Godschalk

Managing director · since 15 septembre 2022 · until 08 mai 2026

Ended

Jacob Verhagen

Director · since 15 septembre 2022 · until 09 mai 2025

Ended

Jacob Verhagen

Director · since 15 septembre 2022 · until 16 mai 2025

Ended

Other companies at this address

De Kleetlaan 1 1831 Machelen (Brab.)

Company	CBE no.
DHL Employee Benefit Fund OFP● Active	0444.389.761
DHL WORLDWIDE NETWORK● Active	0431.193.902

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	10/06/2026	19/05/2025	05/06/2024	06/06/2023	02/06/2022	07/06/2021
General meeting	15/05/2026	16/05/2025	14/05/2024	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

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	15/05/2026	10/06/2026	Dutch	PDF
Full model	31/12/2024	16/05/2025	19/05/2025	Dutch	PDF
Full model	31/12/2023	14/05/2024	05/06/2024	Dutch	PDF
Full model	31/12/2022	12/05/2023	06/06/2023	Dutch	PDF
Full model	31/12/2021	13/05/2022	02/06/2022	Dutch	PDF
Full model	31/12/2020	14/05/2021	07/06/2021	Dutch	PDF
Full model	31/12/2019	18/05/2020	09/06/2020	Dutch	PDF
Full model	31/12/2018	10/05/2019	06/06/2019	Dutch	PDF
Full model	31/12/2017	11/05/2018	05/06/2018	Dutch	PDF
Full model	31/12/2016	12/05/2017	30/05/2017	Dutch	PDF
Full model	31/12/2015	13/05/2016	15/06/2016	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	25/05/2012	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	13/06/2008	17/06/2008	Dutch	PDF
Full model	31/12/2006	11/05/2007	04/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 38 ended

Active mandates

Carlo Godschalk

Managing director · since 16 mai 2025 · until 12 mai 2028

Active

Jacob Verhagen

Director · since 16 mai 2025 · until 12 mai 2028

Active

Alexis Sacré

Director · since 01 avril 2024 · until 14 mai 2027

Active

Ended mandates

Carlo Godschalk

Managing director · since 15 septembre 2022 · until 12 mai 2023

Ended

Carlo Godschalk

Managing director · since 15 septembre 2022 · until 08 mai 2026

Ended

Jacob Verhagen

Director · since 15 septembre 2022 · until 09 mai 2025

Ended

Jacob Verhagen

Director · since 15 septembre 2022 · until 16 mai 2025

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates06/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other03/09/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates07/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other05/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates07/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2021
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 20253,7 M €↑
16/05/2025
reconductionJacobus (Jacob) Verhagen — bestuurder
16/05/2025
reconductionCornelis (Carlo) Godschalk — bestuurder
21/04/2025
nominationCarlo Godschalk — gedelegeerd bestuurder
2025
Name changeDHL SERVICE LOGISTICS
2024
Annual accounts 20242,3 M €↑
01/04/2024
nominationAlexis Sacré — bestuurder
2023
Annual accounts 2023-139,5 k €↓
12/05/2023
reconductionCarlo Godschalk — bestuurder
12/05/2023
reconductionKristof Verelst — bestuurder
12/05/2023
nominationDeloitte Bedrijfsrevisoren BV — commissaris
2022
Annual accounts 2022242,3 k €↑
15/09/2022
nominationJacob Verhagen — bestuurder
15/09/2022
nominationCarlo Godschalk — gedelegeerd bestuurder
2021
Annual accounts 2021-824 k €↑
2021
Name changeDHL WORLDWIDE EXPRESS LOGISTICS
2020
Annual accounts 2020-1,3 M €↓
2019
Annual accounts 2019688,4 k €↓
2018
Annual accounts 20181,2 M €↑
2017
Annual accounts 2017-708,8 k €↓
2016
Annual accounts 20161,1 M €↓
2015
Annual accounts 20151,4 M €↓
2014
Annual accounts 20141,8 M €↓
2013
Annual accounts 20135,8 M €↓
2012
Annual accounts 20126 M €↑
2011
Annual accounts 20113,4 M €↑
2010
Annual accounts 20101,2 M €↓
2009
Annual accounts 20091,7 M €↓
2008
Annual accounts 200810,5 M €↑
2006
Annual accounts 20064 M €
23/04/1992
IncorporationPublic limited company

DHL Service Logistics

Overview

Identity

Financials

Valuation

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

Timeline