ACTIVE

GLS Belgium Distribution

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Financial year 2025 · Closed on 31/03/2025

Net result6,2 M €+58,4 %over 1 year
Revenue77,3 M €+1,2 %over 1 year
Equity47,2 M €+15,1 %over 1 year
Workforce236,7 ETP-1,3 %over 1 year

Identity

Source · BCE/KBO

GLS Belgium Distribution is a Public limited company incorporated in 2006. Its main activity is: Freight transport by road. Its registered office is in Drogenbos. It employs on average 236,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0883.914.874
Incorporation
03/10/2006
Legal form
Public limited company
Registered office
Boulevard de l'Humanité 233
1620 Drogenbos · FlandreSee on map
Contributed capital
3 613 416,00 €
Latest accounts
31/03/2025
Average workforce
236,7 ETP
Joint committees (2)
  • 140
  • 226
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 27 filings

Trend over 14 financial years

20252024202320222021
Income statement
Revenue77,3 M €76,5 M €80,2 M €81,5 M €76,9 M €
EBITDA7,7 M €5,6 M €8 M €9,6 M €7,2 M €
Operating result7 M €4,8 M €7,2 M €8,9 M €6,7 M €
Net result6,2 M €3,9 M €5,5 M €6,6 M €5,1 M €
Balance sheet
Equity47,2 M €41 M €37,1 M €31,6 M €25 M €
Total assets65 M €58,7 M €53,4 M €47,5 M €42,4 M €
Cash2,9 M €30,1 M €22,6 M €16,6 M €13,5 M €
Debts15,9 M €16,5 M €15,3 M €15 M €16,4 M €
Other
Workforce236,7 ETP239,7 ETP244,7 ETP243,3 ETP242,0 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 31/03/2025

2 active · 22 ended

Active mandates

Achim Dunnwald

Director · since 20 juillet 2024 · until 11 septembre 2029

Active
Luc De Schrijver

Managing director · since 12 septembre 2023 · until 11 septembre 2029

Active

Ended mandates

Vervoort Finance

Director · since 01 août 2020 · until 13 avril 2023 · 0846.915.512

Represented by David Vervoort

Ended
Vervoort Finance

Director · since 01 août 2020 · until 08 septembre 2026 · 0846.915.512

Represented by David Vervoort

Ended
Eberhard Fritze

Director · since 24 juin 2020 · until 01 avril 2023

Ended
Eberhard Fritze

Director · since 24 juin 2020 · until 08 septembre 2026

Ended

Other companies at this address

Boulevard de l'Humanité 233 1620 Drogenbos
CompanyCBE no.
Deelvereniging van mede-eigenaars "Gebouw A" van "Drogenbos Techno Center", Humaniteitslaan 233● Active
0651.640.456
Deelvereniging van mede-eigenaars "Gebouw D" van "Drogenbos Techno Center", Humaniteitslaan 233,1620 Drogenbos● Active
0651.640.852
EUROPEAN SECURITY CONCEPT● Active
0823.170.110
GENERAL LOGISTICS SYSTEMS BELGIUM● Active
0479.101.608
Mostovi Balkana VZW● Active
1033.730.384
PAUSE K’FE● Active
0748.390.236
PRAEVENTIS BELGIUM● Active
0654.815.227

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/09/202530/09/202427/09/202303/11/202229/10/202126/10/2020
General meeting23/09/202524/09/202426/09/202328/09/202228/09/202128/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 27 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202523/09/202524/09/2025DutchPDF
Full model31/03/202424/09/202430/09/2024DutchPDF
Full model31/03/202326/09/202327/09/2023DutchPDF
Full model31/03/202228/09/202203/11/2022DutchPDF
Full model31/03/202128/09/202129/10/2021DutchPDF
Full model31/03/202028/09/202026/10/2020DutchPDF
Full model31/03/201927/09/201921/10/2019DutchPDF
Full model31/03/201824/09/201811/10/2018DutchPDF
Full model31/03/201720/09/201721/09/2017DutchPDF
Full model31/03/201613/09/201621/09/2016DutchPDF
Full model31/03/201525/09/201502/10/2015DutchPDF
Full model31/03/201415/09/201416/09/2014DutchPDF
Full model31/03/201415/09/201416/09/2014FrenchPDF
Full model31/03/201309/09/201317/09/2013DutchPDF
Full model31/03/201309/09/201317/09/2013FrenchPDF
Full model31/03/201229/06/201205/07/2012DutchPDF
Full model31/03/201229/06/201204/07/2012FrenchPDF
Full model31/03/201126/09/201127/09/2011DutchPDF
Full model31/03/201126/09/201127/09/2011FrenchPDF
Full model31/03/201007/07/201025/08/2010DutchPDF
Full model31/03/201007/07/201025/08/2010FrenchPDF
Full model31/03/200923/09/200924/09/2009DutchPDF
Full model31/03/200923/09/200924/09/2009FrenchPDF
Full model31/03/200830/09/200814/10/2008DutchPDF

View all 27 filings

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 31/03/2025

2 active · 22 ended

Active mandates

Achim Dunnwald

Director · since 20 juillet 2024 · until 11 septembre 2029

Active
Luc De Schrijver

Managing director · since 12 septembre 2023 · until 11 septembre 2029

Active

Ended mandates

Vervoort Finance

Director · since 01 août 2020 · until 13 avril 2023 · 0846.915.512

Represented by David Vervoort

Ended
Vervoort Finance

Director · since 01 août 2020 · until 08 septembre 2026 · 0846.915.512

Represented by David Vervoort

Ended
Eberhard Fritze

Director · since 24 juin 2020 · until 01 avril 2023

Ended
Eberhard Fritze

Director · since 24 juin 2020 · until 08 septembre 2026

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates15/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/05/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/11/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/11/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/10/2020
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 23/09/2025
    nominationDeloitte Bedrijfsrevisoren/Réviseurs d'Entreprises BV/SRL — commissaris
  2. 2025
    Annual accounts 20256,2 M €↑
  3. 24/09/2024
    reconductionMelissa Carton — commissaris
  4. 20/07/2024
    nominationAchim Dünnwald — bestuurder
  5. 2024
    Annual accounts 20243,9 M €↓
  6. 28/06/2023
    reconductionLuc De Schrijver — enige bestuurder
  7. 2023
    Annual accounts 20235,5 M €↓
  8. 2022
    Annual accounts 20226,6 M €↑
  9. 2021
    Annual accounts 20215,1 M €↑
  10. 2020
    Annual accounts 20204,4 M €↑
  11. 2019
    Annual accounts 20194,2 M €↑
  12. 2018
    Annual accounts 20183,3 M €↑
  13. 2017
    Annual accounts 20172,4 M €↓
  14. 2016
    Annual accounts 20162,9 M €↑
  15. 2014
    Annual accounts 20142,2 M €↓
  16. 2013
    Annual accounts 20132,9 M €↑
  17. 2012
    Annual accounts 20122,9 M €↑
  18. 2011
    Annual accounts 2011-909,8 k €
  19. 03/10/2006
    IncorporationPublic limited company