Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Panalpina World Transport from Machelen (Brab.), company number BE0406024479, closed financial year 2025 with a result of € -2.9 million after tax. For that financial year Panalpina World Transport recorded revenue of € 19.3 million and equity of € 586,089. Compared with financial year 2024, the result moved from € -474,534 to € -2.9 million. The company made a loss. The buffer shrank hard: equity is 83 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 586,089
▼ 83% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.9 million
▼ 506 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2 million
▲ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.9 million.
People and assets in 2025
37.2
▲ 5.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▲ 1% vs 2024
€ 81,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3.6 million
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 85 days on average.
€ 665,075
▲ 25% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 16,965,871 | € 16,765,319 | € 17,871,048 | € 19,341,798 | ▲ 8% |
| Profit after taxes | € -1,143,837 | € 207,093 | € -474,534 | € -2,873,844 | ▼ € 2.4 million |
| Equity | € 3,727,373 | € 3,934,466 | € 3,459,932 | € 586,089 | ▼ 83% |
| Total debts | € 3,954,358 | € 3,408,169 | € 3,543,586 | € 4,285,438 | ▲ 21% |
| Cash | € 1,729,360 | € 1,413,612 | € 1,569,285 | € 2,043,974 | ▲ 30% |
| Retained profit | € -2,728,550 | € -2,521,457 | € -2,995,990 | € -5,869,834 | ▼ € 2.9 million |
| Balance sheet total | € 9,267,365 | € 8,998,270 | € 8,560,767 | € 8,189,495 | ▼ 4% |
| Employees (FTE) | 34.5 | 32.5 | 31.9 | 37.2 | ▲ 5.3 |
Key figures of Panalpina World Transport, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Panalpina World Transport?
What happened at Panalpina World Transport in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frank Sobotka stepped down as director. NBB
- Michael Ebbe stepped down as director. NBB
- Natalie Segers stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.9 million. Source: NBB ↗
- Frank Sobotka became a director. NBB
- Michael Ebbe became a director. NBB
- Natalie Segers became a director. NBB
- New establishment in Grâce-Hollogne. KBO
In short
From € 1.1 million loss in 2022 to € 2.9 million loss in 2025.
Paid € 44,618 in corporate taxes since 2022.
Best year ever: 2023, with € 207,093 profit.
Pays suppliers within 85 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by DSV Air & Sea NV (100%). It owns 100% of AD Handling itself.
Directors
According to the 2025 annual accounts
Michael Ebbe
Vice-chairman of the board
Also active at: DSV AIR & SEA, DSV Air & Sea Belgium, MCI BROKERS, DSV ROAD HOLDING, AD HANDLING, ABX WORLDWIDE HOLDINGS
since 2022 · until 2028
Frank Sobotka
Chairman of the board
Also active at: DSV AIR & SEA, DSV Air & Sea Belgium, AD HANDLING
since 2025 · until 2031
since 2021 · until 2027
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Bedrijvenzone Machelen-Cargo 718
1830 Machelen (Brab.)
Rue Saint-Exupéry 17
4460 Grâce-Hollogne
Active since 19 January 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.024.479
- VAT number
- BE 0406.024.479
- Registered office
- Bedrijvenzone Machelen-Cargo 718, 1830 Machelen (Brab.)
- Names & denominations
- Panalpina World Transport · Panalpina
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 August 1968
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
Logistieke diensten
Expeditiekantoren
Overige vervoerondersteunende activiteiten
Goederenvervoer over de weg