Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
DSV AIR & SEA from Puurs-Sint-Amands, company number BE0480191966, closed financial year 2025 with a result of € -12.1 million after tax. For that financial year DSV AIR & SEA recorded revenue of € 246.7 million and equity of € -6.3 million. Compared with financial year 2024, the result moved from € -2.8 million to € -12.1 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ -6.3 million
▼ € 13.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12.1 million
▼ 337 % more loss than in 2024
Profit after tax over the fiscal year.
€ 911,942
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11 million.
People and assets in 2025
308.9
▲ 82.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 26.1 million
▲ 24% vs 2024
€ 84,400 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.
€ 103,125
▲ 253% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 23,975
▼ € 4.8 million vs 2024
Loans from banks and other lenders, long and short.
€ 45.9 million
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 76 days on average.
€ 9.9 million
▲ 46% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 395,697,856 | € 208,336,521 | € 218,470,536 | € 246,678,182 | ▲ 13% |
| Profit after taxes | € 13,683,308 | € -10,324,705 | € -2,766,875 | € -12,087,673 | ▼ € 9.3 million |
| Equity | € 20,235,134 | € 9,910,429 | € 7,143,554 | € -6,268,509 | ▼ € 13.4 million |
| Total debts | € 139,926,681 | € 138,175,403 | € 94,428,204 | € 104,178,705 | ▲ 10% |
| Cash | € 28,527,504 | € 47,494,761 | € 943,630 | € 911,942 | ▼ 3% |
| Retained profit | € 16,235,134 | € 5,910,429 | € 3,143,554 | € -11,017,782 | ▼ € 14.2 million |
| Bank debt | € 0 | € 54,390,517 | € 4,799,517 | € 23,975 | ▼ € 4.8 million |
| Balance sheet total | € 167,082,737 | € 153,072,246 | € 104,895,269 | € 103,593,412 | ▼ 1% |
| Employees (FTE) | 243.5 | 243.4 | 226.2 | 308.9 | ▲ 82.7 |
Key figures of DSV AIR & SEA, 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 DSV AIR & SEA?
What happened at DSV AIR & SEA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michael Ebbe stepped down as director. NBB
- Henrik Nielsen stepped down as director. NBB
- Brian Ejsing stepped down as director. NBB
- Frank Sobotka stepped down as director. NBB
- Natalie Segers stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 12.1 million. Source: NBB ↗
- New establishment in Antwerpen. KBO
- New establishment in Brugge. KBO
In short
From € 13.7 million profit in 2022 to € 12.1 million loss in 2025.
Paid € 4.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 13.7 million profit.
Pays suppliers within 76 days on average.
A new publication or filing at DSV AIR & SEA? We notify you, reason included.
Follow DSV AIR & SEADatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 Holding A/S (100%). It owns 100% of Panalpina World Transport NV itself.
Directors
According to the 2025 annual accounts
Michael Ebbe
Vice-chairman of the board
Also active at: Panalpina World Transport, DSV Air & Sea Belgium, MCI BROKERS, DSV ROAD HOLDING, AD HANDLING, ABX WORLDWIDE HOLDINGS
since 2024 · until 2030
since 2024 · until 2030
since 2024 · until 2030
Frank Sobotka
Chairman of the board
Also active at: Panalpina World Transport, DSV Air & Sea Belgium, AD HANDLING
since 2021 · until 2027
Natalie Segers
Managing director
Also active at: Panalpina World Transport, DSV Air & Sea Belgium, AD HANDLING
since 2021 · until 2027
Shareholders
DSV Air & Sea Holding A/S
100%
Participations
Establishments
Establishment units
Physical locations of this company
Schoonmansveld 40
2870 Puurs-Sint-Amands
Bedrijvenzone Machelen-Cargo 718
1830 Machelen (Brab.)
Active since 26 March 1997
Straatsburgdok-Zuidkaai 6
2030 Antwerpen
Active since 1 March 2020
Rue Saint-Exupéry 17
4460 Grâce-Hollogne
Active since 1 March 2020
Noorderlaan 147
2030 Antwerpen
Active since 1 January 2026
Kiwiweg 90
8380 Brugge
Active since 1 January 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →DSV Road same network
€ 216 million revenue · 2025
DSV BELGIE
DSV Air & Sea Belgium same network
€ 3 million revenue · 2025
MCI BROKERS same network
€ 836,876 revenue · 2025
DSV ROAD HOLDING same network
€ 89.9 million revenue · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.191.966
- VAT number
- BE 0480.191.966
- Registered office
- Schoonmansveld 40, 2870 Puurs-Sint-Amands
- Names & denominations
- DSV AIR & SEA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 May 2003
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
Logistieke diensten
Overige activiteiten i.v.m. de organisatie van het vrachtvervoer
Overige vervoerondersteunende activiteiten
Activiteiten van holdings
Opslag
Holdings