Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
UNITED PARCEL SERVICE BELGIUM from Machelen (Brab.), company number BE0428759497, closed financial year 2025 with a result of € 9.6 million after tax. For that financial year UNITED PARCEL SERVICE BELGIUM recorded revenue of € 357.4 million and equity of € 21.4 million. Compared with financial year 2024, the result moved from € 7.5 million to € 9.6 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 21.4 million
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.6 million
▲ 28% vs 2024
Profit after tax over the fiscal year.
€ 8 million
▲ € 8 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 13 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
670.5
▼ 24.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 56 million
▲ 3% vs 2024
€ 83,500 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.
€ 5.8 million
▲ 115% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 21.5 million
▲ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 27 days on average.
€ 9.5 million
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 389,078,545 | € 363,926,995 | € 334,240,684 | € 357,392,754 | ▲ 7% |
| Profit after taxes | € 17,223,614 | € 11,927,079 | € 7,511,281 | € 9,636,943 | ▲ 28% |
| Equity | € 20,311,385 | € 17,238,464 | € 24,749,745 | € 21,386,688 | ▼ 14% |
| Total debts | € 56,373,878 | € 49,226,759 | € 39,979,560 | € 49,094,820 | ▲ 23% |
| Cash | € 6,571,896 | € 5,108,510 | € 600 | € 7,961,524 | ▲ € 8 million |
| Land & buildings | € 272,079 | € 280,694 | € 263,850 | € 247,382 | ▼ 6% |
| Retained profit | € 17,856,890 | € 14,783,969 | € 22,295,250 | € 18,932,193 | ▼ 15% |
| Dividend | € 45,000,000 | € 15,000,000 | € 0 | € 13,000,000 | |
| Bank debt | € 0 | € 213,381 | € 7,926,306 | € 0 | ▼ 100% |
| Balance sheet total | € 76,685,263 | € 66,465,224 | € 64,729,305 | € 70,481,508 | ▲ 9% |
| Employees (FTE) | 718.2 | 719.8 | 695.1 | 670.5 | ▼ 24.6 |
Key figures of UNITED PARCEL SERVICE BELGIUM, 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 UNITED PARCEL SERVICE BELGIUM?
What happened at UNITED PARCEL SERVICE BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Daniel Carrera Garcia stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9.6 million (▲ 28% vs 2024). Source: NBB ↗
- Andrew Sleiman became a director. NBB
- Raoul Stewardson stepped down as director. NBB
- Michiel Van Veen became a director. NBB
- Raoul Stewardson became a director. NBB
- Daniel Carrera Garcia became a director. NBB
- New establishment in Tournai. KBO
In short
From € 17.2 million profit in 2022 to € 9.6 million profit in 2025.
Paid € 19.6 million in corporate taxes since 2022.
Best year ever: 2022, with € 17.2 million profit.
Paid out € 73 million in dividends to the owners in total.
A new publication or filing at UNITED PARCEL SERVICE BELGIUM? We notify you, reason included.
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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
Behind UNITED PARCEL SERVICE BELGIUM are Michiel Van Veen and Andrew Sleiman. The shares are held by UPS Europe SRL (100%).
Directors
According to the 2025 annual accounts
Michiel Van Veen
Director
since 2024
Andrew Sleiman
Director
since 2026
since 2021 · until 2027
since 2022 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Woluwelaan 156
1831 Machelen (Brab.)
Dellestraat 44
3560 Lummen
Active since 18 September 2017
Rue de l'Ancienne Potence(FRY) 28
7503 Tournai
Active since 1 January 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.759.497
- VAT number
- BE 0428.759.497
- Registered office
- Woluwelaan 156, 1831 Machelen (Brab.)
- Names & denominations
- UNITED PARCEL SERVICE BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 1986
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
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