Equity
€18.7m ▼ 7.2%
DHL INTERNATIONAL paid out €11.4m in dividends. That is 114% of the 2025 profit.
DHL INTERNATIONAL
Lifetime
18 annual accounts with figures on one time axis, 49 filings since 1977peak €426.2m (2025)
€426.2m▲ 3.3%
peak €11.3m (2024)
€10.0m▼ 12.2%
peak €20.1m (2024)
€18.7m▼ 7.2%
€65.7m▲ 2.9%
peak 824.6 FTE (2022)
753.9 FTE▼ 2.6%
Board7 names since 2018
4 directorsJohan Watteeuw and 3 others
Owners4 names in the annual accounts
100%Deutsche Post International B.V. and 1 other
Documentsfilings and deeds
15-06-202646 days before the deadline
2025financial year
3 directors reappointed 30-05Dividend €11.4m
Key points
from the 2025 annual accountsGrowth
15 years
15 years of growth in a row. Turnover 2025: €426.2m.
Debts
€65.7m 75% of the balance sheet
Suppliers 62%Taxes and wages 37%Other 1%
Filings
49 annual accounts since 1977
The last five annual accounts were filed 41 to 73 days before the end of the period.
Position in the sector
€10.0m
Higher net result than 95% of companies in postal and courier. Sector median €31,034 · 58 companies.
Public support
€5.5m awarded from 2021 to 2025
EU support, mostly Other administrative expenditure.
Checked score
88
Excellent
Financially stronger than 45% of all companies
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 5 companies (NACE 53, large).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.2%● unchanged vs 07-2026highest value
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Postal and courier activities (NACE 53)
Equity €18.7m (21.4% of total assets)
lowers risk
Liquidity: current ratio 1.22, cash €24.5m
Founded in 1969
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies). It does better than 34% of them on solvency, 49% on liquidity, 59% on profitability and 38% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 101 companies had the same profile as DHL INTERNATIONAL has now. Each dot is one company, two years later.
97.0%
were still trading
1.0%
stopped another way
2.0%
went bankrupt
The bankruptcy probability of DHL INTERNATIONAL itself is lower: 0.2% within 12 months. It rests on far more data about DHL INTERNATIONAL than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 101 companies, not a prediction for DHL INTERNATIONAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,600,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.22 (1.23 in 2024), below the usual 1.5. Short-term debt is 75.3% and cash 28.1% of total assets. 78.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 days early
2024
73 days early
2023
41 days early
2022
55 days early
2021
72 days early
2020
44 days early
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 52 days before the deadline. In the sector (NACE 53), the median for financial year 2024 was 13 days after the deadline, and 56% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Deutsche Post International B.V. 100%annual accounts 2025
- DEUTSCHE POST AG consolidatesannual accounts 2025
Recent changes
Reappointment: Deloitte Bedrijfsrevisoren B.V. (statutory auditor)
General meeting of 09-05-2025 · Gazette deed
New managing director
Reiner Wolfs appointed, Danny van Himste resigned · General meeting of 23-02-2026 · Gazette deed
3 directors reappointed
Danny Van Himste (managing director), Johan Watteeuw and Derya Özer Sagkan · General meeting of 09-05-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0406796224
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DHL INTERNATIONAL Machelen (Brab.) | €426.2m | 3.1% | 21.4% | 753.9 |
| UNITED PARCEL SERVICE BELGIUM Machelen (Brab.) | €357.4m | 4.1% | 30.3% | 670.5 |
| DPD (BELGIUM) Vilvoorde | €268.1m | -6.3% | 34.1% | 576.5 |
| FedEx Express BE Machelen (Brab.) | €420.0m | 2.2% | 32.4% | 1,197.5 |
| POSTNL PAKKETTEN BELGIE Turnhout | €199.9m | 2.6% | 43.4% | 464.9 |
| DEMATRA Nazareth-De Pinte | €52.0m | 5.3% | 16.1% | 89.4 |
| Federal Express Corporation Wilmington | €572.8m | 0.4% | 44.8% | 23.6 |
Grey: the largest companies of the sector (postal and courier (NACE 53)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as DHL INTERNATIONAL: other postal and courier activities (NACE 53200). They are comparable in size and age: total assets between €20m and €371m, founded between 1968 and 2004.
Official details
Source: KBO- Status
- Active since 03-07-1969Normal situation
- Activity
- Other postal and courier activitiesNACE 53200and 1 other
- Joint committee
- 226White-collar workers in international trade, transport and logistics · annual accounts 2025
- Establishment units
- 2.143.158.6792630 Aartselaar, since 03-07-1969
- 2.143.158.9761190 Forest, since 03-07-1969and 7 others
- Financial year end
- 31 December
- Peppol
- Reachable since 02-07-2024
Annual accounts 2025
- €87.3m▲ 1.0%
- Employeeson 31-12-2025
- 811▼ 5.6%
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on DHL INTERNATIONAL
DHL INTERNATIONAL has existed since 1969. Turnover grew from €186.3m in 2008 to €426.2m in 2025.
Turnover has grown every year since 2010.
Deutsche Post International B.V. holds all the shares. In March 2026, the Official Gazette published the appointment of Reiner Wolfs as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DHL INTERNATIONAL
- What is the company number of DHL INTERNATIONAL?
- The company number of DHL INTERNATIONAL is 0406.796.224. The VAT number is the same number with BE in front: BE 0406.796.224.
- Where is DHL INTERNATIONAL based?
- The registered office is at Woluwelaan 151, 1831 Machelen (Brab.).Company details
- What does DHL INTERNATIONAL do?
- According to the KBO register, the main activity is other postal and courier activities (NACE 53200).
- What is the legal form of DHL INTERNATIONAL?
- DHL INTERNATIONAL is a public limited company (NV).
- When was DHL INTERNATIONAL founded?
- DHL INTERNATIONAL was founded on 03-07-1969.
- Is DHL INTERNATIONAL still active?
- Yes, DHL INTERNATIONAL is an active enterprise in the KBO register.
- How many employees does DHL INTERNATIONAL have?
- DHL INTERNATIONAL had an average of 753.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DHL INTERNATIONAL fall under?
- In its 2025 annual accounts, DHL INTERNATIONAL states joint committee 226 (White-collar workers in international trade, transport and logistics).
- What is the turnover of DHL INTERNATIONAL?
- The turnover of DHL INTERNATIONAL was €426.2m in financial year 2025, according to the filed annual accounts.
- Is DHL INTERNATIONAL profitable?
- In financial year 2025, DHL INTERNATIONAL made a profit of €10.0m.
- Where can I find the annual accounts of DHL INTERNATIONAL?
- DHL INTERNATIONAL filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DHL INTERNATIONAL due?
- DHL INTERNATIONAL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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