DHL FREIGHT (BELGIUM)
ActiveSummary
The annual accounts of DHL FREIGHT (BELGIUM) for fiscal year 2025 show a net loss of 96% of the equity at the start of that year. The 2025 annual accounts show equity of €6.68M and a net result of €-4.73M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 866 sector peers (fiscal year 2025). The company has been active since 1938 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-7
Solvency52▲+5
Growth38▲+2
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.48 against 1.23 in 2024; short-term debt: 62.6% and cash: 38.9% of total assets), and 73.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.6%
Return on assets
-18.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €6.68M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
73 d early
2023
58 d early
2022
55 d early
2021
73 d early
2020
54 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€90.00M▲ 2.8%
2024 · €87.51M
2018: €157.62M
2019: €153.19M
2020: €137.34M
2021: €96.25M
2022: €93.11M
2023: €80.23M
2024: €87.51M
2018 → 2025
EBIT margin
-5.2%▼ 2.6pp
2024 · -2.6%
2018: 0.5%
2019: -0.5%
2020: -2.3%
2021: -2.2%
2022: -2.4%
2023: -1.6%
2024: -2.6%
2018 → 2025
Net result
€-4.73M▼ 79.7%
2024 · €-2.63M
2018: €442k
2019: €-887k
2020: €-3.22M
2021: €-2.14M
2022: €-2.43M
2023: €-1.51M
2024: €-2.63M
2018 → 2025
Working capital
€7.54M▲ 110%
2024 · €3.58M
2018: €-1.23M
2019: €-147k
2020: €-2.34M
2021: €-1.65M
2022: €-1.45M
2023: €-57k
2024: €3.58M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€96.25M-€93.11M▼ 3.3%€80.23M▼ 13.8%€87.51M▲ 9.1%€90.00M▲ 2.8%
Equity€1.43M-€998k▼ 30.3%€1.48M▲ 48.7%€4.91M▲ 231%€6.68M▲ 36.0%
Operating result€-2.13M-€-2.26M▼ 6.4%€-1.27M▲ 44.0%€-2.28M▼ 80.1%€-4.70M▼ 106%
Net result€-2.14M-€-2.43M▼ 13.5%€-1.51M▲ 37.8%€-2.63M▼ 73.9%€-4.73M▼ 79.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4.70M in 2025 against €2.28M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25.10M
Fixed assets
€1.86M ▼ 22.6%
Current assets
€23.24M ▲ 19.3%
Equity and liabilities €25.10M
Equity
€6.68M ▲ 36.0%
Provisions
€2.72M ▲ 151%
Debt
€15.70M ▼ 1.2%
Debt's share of the balance-sheet total falls from 72.6% to 62.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-4.21M▼
2024 · €-1.57M
Cash flow
€-4.24M▼
2024 · €-1.92M
Current ratio
1.48▲
2024 · 1.23
Debt to equity
2.35▼
2024 · 3.24
ROE
-70.8%▼
2024 · -53.6%
ROA
-18.8%▼
2024 · -12.0%
Interest coverage
-298.19▼
2024 · -6.14
Debt ≤ 1 year
€15.70M▼
2024 · €15.89M
Income taxes
€11k▼
2024 · €39k
Staff costs
€19.01M▲
2024 · €17.26M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 75 lines
Balance sheet
Code20242025
Assets
Total assets20/58€21.89M€25.10M▲
Fixed assets21/28€2.41M€1.86M▼
Intangible fixed assets21€247k€154k▼
Tangible fixed assets22/27€2.11M€1.71M▼
Plant, machinery and equipment23€346k€282k▼
Furniture and vehicles24€195k€98k▼
Leasing and similar rights25€636k€588k▼
Other tangible fixed assets26€822k€717k▼
Assets under construction and advance payments27€113k€25k▼
Financial fixed assets28€51k-
Affiliated companies280/1€51k-
Participating interests280€51k-
Current assets29/58€19.48M€23.24M▲
Amounts receivable within one year40/41€12.80M€13.24M▲
Trade receivables40€12.80M€13.23M▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€6.48M€9.77M▲
Deferred charges and accrued income490/1€200k€235k▲
Equity and liabilities
Total equity and liabilities10/49€21.89M€25.10M▲
Equity10/15€4.91M€6.68M▲
Contributions10/11€7.00M€11.00M▲
Capital10€7.00M€11.00M▲
Issued capital100€7.00M€11.00M▲
Outside capital11€5k€5k=
Share premium1100/10€5k€5k=
Reserves13€550k€550k=
Non-distributable reserves130/1€550k€550k=
Legal reserve130€546k€546k=
Other1319€3k€3k=
Profit (loss) carried forward14€-2.64M€-4.88M▼
Provisions and deferred taxes16€1.08M€2.72M▲
Provisions for liabilities and charges160/5€1.08M€2.72M▲
Pensions and similar obligations160€29k€14k▼
Other liabilities and charges164/5€1.05M€2.71M▲
Amounts payable17/49€15.89M€15.70M▼
Amounts payable within one year42/48€15.89M€15.70M▼
Trade debts44€11.57M€12.06M▲
Suppliers440/4€11.57M€12.06M▲
Taxes, remuneration and social security45€4.12M€3.48M▼
Taxes450/3€424k€321k▼
Remuneration and social security454/9€3.69M€3.16M▼
Other amounts payable47/48€201k€158k▼
Income statement
Code20242025
Operating income70/76A€94.42M€97.53M▲
Turnover70€87.51M€90.00M▲
Other operating income74€6.36M€5.18M▼
Non-recurring operating income76A€552k€2.35M▲
Operating charges60/66A€96.70M€102.23M▲
Services and other goods61€77.45M€80.57M▲
Remuneration, social security and pensions62€17.26M€19.01M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€708k€487k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-71k€8k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€725k€1.64M▲
Other operating charges640/8€613k€463k▼
Non-recurring operating charges66A€4k€46k▲
Operating profit (loss)9901€-2.28M€-4.70M▼
Financial income75/76B€18k€111k▲
Recurring financial income75€18k€111k▲
Income from financial fixed assets750€123€138▲
Income from current assets751€17k€110k▲
Other financial income752/9€802€561▼
Financial charges65/66B€330k€132k▼
Recurring financial charges65€330k€82k▼
Debt charges650€256k€14k▼
Other financial charges652/9€74k€68k▼
Non-recurring financial charges66B-€50k
Profit (loss) for the period before taxes9903€-2.59M€-4.72M▼
Income taxes67/77€39k€11k▼
Taxes670/3€39k€11k▼
Profit (loss) for the period9904€-2.63M€-4.73M▼
Profit (loss) for the period to be appropriated9905€-2.63M€-4.73M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-16.64M€-7.38M▲
Profit (loss) brought forward from the previous period14P€-14.01M€-2.64M▲
Transfer from equity791/2€14.00M€2.50M▼
From contributions791€14.00M€2.50M▼
Social balance
Average headcount (FTE)9087220.4197.2▼
The notes to these accounts (87 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-4.73M
Net result drops to €-4.73M, the lowest in the series.
31-12
Financial
Equity above €5MEq €6.68M ▲36%
Equity rises from €4.91M to €6.68M.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €2MEq €4.91M ▲231%
Equity rises from €1.48M to €4.91M.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €1MEq €1.48M ▲48.7%
Equity rises from €998k to €1.48M.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2009
09-02
State Gazette act
Demerger · Board meeting
Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
33 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schelle · 5 establishment units since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brandekensweg 22627 SchelleGround area
12.2 ha
Building footprint
5.1 ha
Volume, LiDAR
288,236 m³
5 parcels, Flanders · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
5 establishment units
DHL Freight (Belgium)
since 20012.095.413.004
DHL Freight Finance
since 20022.226.369.635
DHL Freight (Belgium)
since 20072.165.177.580
DHL Freight (Belgium)
since 20112.222.750.941
DHL Freight (Belgium)
since 20152.246.746.959
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0914/00K011 | Flanders | 3.6 ha | 1 · 5,966 m² | 11.3 m · 2 fl. |
| 12007C0102/00C000 | Flanders | 3.4 ha | 1 · 2.0 ha | - |
| 12402A0152/00F000 | Flanders | 2.6 ha | 1 · 1.5 ha | 13.1 m · 4 fl. |
| 13027A0023/00F003 | Flanders | 1.4 ha | 1 · 6,076 m² | 9.6 m · 3 fl. |
| 11038C0279/00B000 | Flanders | 1.2 ha | 1 · 3,911 m² | 9.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
1 transactionSplit off to:Warehouses De Pauw Comm. VA
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 19,224 EUR awarded · 14,905 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,097 EUR | 9,097 EUR |
| 2024 | 1 | 4,319 EUR | 0 EUR |
| 2023 | 1 | 4,820 EUR | 4,820 EUR |
| 2022 | 1 | 988 EUR | 988 EUR |
Schemes
Individueel Maatwerk
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesOudsbergen2.165.177.580
Bornem2.095.413.004
Legal Entity Identifier
549300JL09IVRD1K1G28
Parcel delivery
Notified to the BIPT
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 1,434 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-11-1938
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52249Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.