ACTIVE

DLS

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Financial year 2025 · closed on 31/12/2025
Net result
15,8 k €
-68.9% YoY
Gross margin
3,5 M €
+24.8% YoY
Equity
360,1 k €
+4.6% YoY
Workforce
39,7 ETP
-2.9% YoY

What does DLS do?

DLS is a Public limited company incorporated in 1992. Its main activity is: Freight transport by road. Its registered office is in Bruxelles. It employs on average 39,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0448.828.205
Incorporation
04/12/1992
Legal form
Public limited company
Registered office
Cantersteen 47
1000 Bruxelles · BruxellesSee on map
Contributed capital
508 181,73 €
Latest accounts
31/12/2025
Average workforce
39,7 ETP
Activities (NACE)
49410Freight transport by road· main49410Freight transport by road70200Management consultancy activities70220Business and other management consultancy activities52250Support activities for transportation52290Other transportation support activities+2
Joint committees (3)
  • 140,03
  • 14003
  • 226
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 19 financial years

2025202420232022202120202019201820172016201520132012201120102009200820072006
Income statement
Gross margin3,5 M €2,8 M €2,9 M €2,5 M €2,7 M €2,7 M €3,1 M €3,2 M €2,2 M €1,3 M €1,5 M €––-1,6 k €-2,1 k €-702,7 €-932,3 €-1,2 k €5,9 k €
EBITDA199,7 k €209,6 k €394,6 k €295,6 k €325,5 k €347,6 k €376,7 k €427,5 k €314,8 k €-14,7 k €226,1 k €–-221,7 €-2,1 k €-2,5 k €-1,1 k €-1,4 k €-1,6 k €5,6 k €
Operating result45,7 k €77,2 k €213,6 k €113,2 k €107 k €-35,8 k €30,1 k €156,7 k €197,9 k €-45,9 k €65,6 k €–-221,7 €155,3 k €-2,5 k €-1,1 k €-1,4 k €2,5 k €-156 k €
Net result15,8 k €50,7 k €186,2 k €96,5 k €35,9 k €-62,4 k €-103,2 €87,7 k €151,5 k €-63,7 k €20,5 k €–-221,7 €155,3 k €-2,4 k €-1,1 k €-1,4 k €2,4 k €-156,2 k €
Balance sheet
Equity360,1 k €344,3 k €293,6 k €107,4 k €10,9 k €-25 k €37,4 k €37,5 k €-50,1 k €-201,7 k €-137,9 k €-158,5 k €-158,5 k €-158,2 k €-313,5 k €-311,1 k €-310 k €-308,6 k €-311 k €
Total assets1,2 M €1,3 M €1,2 M €1,2 M €992,3 k €1,6 M €1,8 M €2 M €1,4 M €685,7 k €624,9 k €176,5 k €176,5 k €183,5 k €28,2 k €30,2 k €31,3 k €33,5 k €32,2 k €
Cash10,1 k €9,5 k €11,3 k €36 k €65,4 k €44 k €31,5 k €64,8 k €60,7 k €38,5 k €24,8 k €––6,6 k €291,7 €341 €179,4 €11,5 k €415,7 €
Debts818,5 k €902,4 k €904,7 k €1 M €974,9 k €1,6 M €1,8 M €1,9 M €1,4 M €884 k €762,8 k €334,9 k €334,9 k €341,7 k €341,7 k €341,3 k €341,3 k €342,1 k €343,2 k €
Other
Workforce39,7 ETP40,9 ETP42,3 ETP41,2 ETP40,6 ETP41,0 ETP46,4 ETP48,5 ETP36,9 ETP29,9 ETP16,0 ETP––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

Cécile Dandoy

Managing director · since 22 novembre 2013

Active
Xavier Dandoy

Managing director · since 22 novembre 2013

Active

Ended mandates

Kristoff Sel

Managing director · since 02 janvier 2012 · until 02 janvier 2018

Ended
Liesbeth Beullens

Director · since 02 janvier 2012 · until 02 janvier 2018

Ended
Jean-Pierre Sturbois

Managing director · since 16 mai 2009 · until 21 mai 2015

Ended
Yves Sturbois

Director · since 16 mai 2009 · until 21 mai 2015

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year31/12/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year15 months12 months12 months12 months12 months12 months
Filing date30/07/202625/04/202526/04/202428/04/202329/04/202229/04/2021
General meeting30/06/202628/03/202522/04/202414/04/202327/04/202226/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202630/07/2026FrenchPDF
Abridged model30/09/202428/03/202525/04/2025FrenchPDF
Abridged model30/09/202322/04/202426/04/2024FrenchPDF
Abridged model30/09/202214/04/202328/04/2023FrenchPDF
Abridged model30/09/202127/04/202229/04/2022FrenchPDF
Abridged model30/09/202026/03/202129/04/2021FrenchPDF
Abridged model30/09/201927/03/202030/04/2020FrenchPDF
Abridged model30/09/201829/03/201918/06/2019FrenchPDF
Abridged model30/09/201730/03/201827/04/2018FrenchPDF
Abridged model30/09/201631/03/201728/04/2017FrenchPDF
Abridged model30/09/201525/03/201631/03/2016FrenchPDF
Abridged model31/12/201315/05/201426/06/2014FrenchPDF
Abridged model31/12/201216/05/201321/10/2013DutchPDF
Abridged model31/12/201118/05/201202/07/2012DutchPDF
Abridged model31/12/201019/05/201131/08/2011FrenchPDF
Abridged model31/12/200920/05/201030/08/2010FrenchPDF
Abridged model31/12/200821/05/200926/08/2009FrenchPDF
Abridged model31/12/200715/05/200806/06/2008FrenchPDF
Abridged model31/12/200618/05/200701/08/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 12 ended

Active mandates

Cécile Dandoy

Managing director · since 22 novembre 2013

Active
Xavier Dandoy

Managing director · since 22 novembre 2013

Active

Ended mandates

Kristoff Sel

Managing director · since 02 janvier 2012 · until 02 janvier 2018

Ended
Liesbeth Beullens

Director · since 02 janvier 2012 · until 02 janvier 2018

Ended
Jean-Pierre Sturbois

Managing director · since 16 mai 2009 · until 21 mai 2015

Ended
Yves Sturbois

Director · since 16 mai 2009 · until 21 mai 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other04/12/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Other08/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Registered office24/03/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates05/08/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/02/2014
    DENOMINATION - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Mandates31/01/2014
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office24/05/2012
    SIEGE SOCIAL
    PDF
  • Mandates17/04/2012
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 202515,8 k €↓
  2. 2024
    Annual accounts 202450,7 k €↓
  3. 2023
    Annual accounts 2023186,2 k €↑
  4. 2022
    Annual accounts 202296,5 k €↑
  5. 2021
    Annual accounts 202135,9 k €↑
  6. 2020
    Annual accounts 2020-62,4 k €↓
  7. 2019
    Annual accounts 2019-103,2 €↓
  8. 2018
    Annual accounts 201887,7 k €↓
  9. 2017
    Annual accounts 2017151,5 k €↑
  10. 2016
    Annual accounts 2016-63,7 k €↓
  11. 2015
    Annual accounts 201520,5 k €↑
  12. 2013
    Annual accounts 2013
  13. 2013
    Name changeDLS
  14. 2012
    Annual accounts 2012-221,7 €↓
  15. 2011
    Annual accounts 2011155,3 k €↑
  16. 2010
    Annual accounts 2010-2,4 k €↓
  17. 2009
    Annual accounts 2009-1,1 k €↑
  18. 2008
    Annual accounts 2008-1,4 k €↓
  19. 2007
    Annual accounts 20072,4 k €↑
  20. 2006
    Annual accounts 2006-156,2 k €
  21. 2006
    Name changeCOGEFISTEN
  22. 04/12/1992
    IncorporationPublic limited company