Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
DFDS Belgium from Gent, company number BE0442647523, closed financial year 2025 with a result of € -8.1 million after tax. For that financial year DFDS Belgium recorded revenue of € 163.1 million and equity of € 24.3 million. Compared with financial year 2024, the result moved from € -3.2 million to € -8.1 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ 24.3 million
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8.1 million
▼ 158 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,750
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 21.4 million.
People and assets in 2025
247.4
▼ 5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 21.6 million
▲ 21% vs 2024
€ 87,100 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 million
▲ 2% vs 2024
Of which on lease € 383,021.
Debts at end 2025
€ 403,700
▼ 20% vs 2024
€ 107,286 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 29.5 million
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 72 days on average.
€ 4.3 million
▲ 76% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 159,043,466 | € 175,645,208 | € 149,716,452 | € 163,103,710 | ▲ 9% |
| Profit after taxes | € 850,316 | € 1,473,974 | € -3,152,974 | € -8,124,059 | ▼ € 5 million |
| Equity | € 33,669,793 | € 35,739,704 | € 32,529,634 | € 24,342,986 | ▼ 25% |
| Total debts | € 33,480,949 | € 35,067,692 | € 34,939,110 | € 36,594,415 | ▲ 5% |
| Cash | € 8,549 | € 2,726 | € 1,750 | € 1,750 | |
| Land & buildings | € 40,028 | - | - | - | |
| Retained profit | € 31,189,360 | € 32,663,334 | € 29,510,359 | € 21,386,300 | ▼ 28% |
| Bank debt | € 0 | € 600,850 | € 505,070 | € 403,700 | ▼ 20% |
| Balance sheet total | € 68,053,402 | € 71,891,992 | € 68,429,337 | € 61,648,830 | ▼ 10% |
| Employees (FTE) | 213.2 | 253.5 | 252.4 | 247.4 | ▼ 5 |
Key figures of DFDS 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 DFDS Belgium?
What happened at DFDS Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michael Bech stepped down as director. NBB
- Jacob Andersen stepped down as director. NBB
- Wilfried Reynaert stepped down as director. NBB
- Torben Carlsen stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 8.1 million. Source: NBB ↗
- Morgan Olausson Bernt-Olof stepped down as director. NBB
- Jacob Andersen became a director. NBB
- New establishment in Gent. KBO
In short
From € 850,316 profit in 2022 to € 8.1 million loss in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.5 million profit.
Pays suppliers within 72 days on average.
Management
Behind DFDS Belgium is Wilhelmus Van Koevorden. The shares are held by Dfds A/S (100%).
Directors
According to the 2025 annual accounts
Wilhelmus Van Koevorden
Managing director, Director
since 2020
Morgan Olausson Bernt-Olof
Director
since 2018 · until 2025
Michael Bech
Director
since 2022 · until 2031
Jacob Andersen
Director
since 2025 · until 2031
Wilfried Reynaert
Director
since 2018 · until 2031
Torben Carlsen
Director
since 2022 · until 2031
Shareholders
Dfds A/S
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Philips Landsbergiuslaan 11
9000 Gent
Bragistraat 21
9042 Gent
Active since 30 November 2022
Wijngaardveld 1
9300 Aalst
Active since 30 November 2022
Langerbruggestraat 104
9000 Gent
Active since 30 November 2022
Mai Zetterlingstraat 70
9042 Gent
Active since 30 November 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
AWS Route 53
Domain
Domain
dfds.com
Registered
1994-12-12
Registrar
Abion AB
Expires
2026-12-11
Website info
Features
Security
Network
Details
- Company number
- 0442.647.523
- VAT number
- BE 0442.647.523
- Registered office
- Philips Landsbergiuslaan 11, 9000 Gent
- Names & denominations
- DFDS Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 January 1991
- Peppol
- Active · Active since 1 Dec 2025
- Contact
- dfds.com
- Activities · NACE
Diensten in verband met vervoer over water
Binnenvaart
Vrachtbehandeling in zeehavens
Koeriers, exclusief de nationale posterijen
Handelsbemiddeling in goederen, algemeen assortiment
Goederenvervoer over binnenwateren
Opslag
Overige posterijen en koeriers
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