Equity
€2.1m ▼ 19.3%
GDL Transport paid out €1.0m in dividends. That is 198% of the 2025 profit.
GDL Transport
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €3.0m (2014)
-not published
lowest -€243,109 (2017)
€504,730▲ 66.9%
peak €2.6m (2024)
€2.1m▼ 19.3%
€6.6m▲ 12.9%
peak 90.1 FTE (2024)
81.8 FTE▼ 9.2%
Board4 names since 2012
3 directorsGHEYSEN INGE and 2 others
Owners
100%G.D.L.
Documentsfilings and deeds
07-05-202685 days before the deadline
2025financial year
Result from €302,394 to €504,730Staff from 90.1 FTE to 81.8 FTEDividend €1.0mEquity from €2.6m to €2.1m
Key points
from the 2025 annual accountsResult
€504,730 ▲ 66.9%
The result rose in 2025 from €302,394 to €504,730.
Debts
€6.6m 76% of the balance sheet
Financial debts 31%Suppliers 46%Taxes and wages 12%Other 11%
Of this, €5.6m falls due within a year.
Investments
€1.9m 2.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 25.4% higher than in 2024.
Filings
36 annual accounts since 1990
The last five annual accounts were filed 4 to 85 days before the end of the period.
Position in the sector
€504,730
Higher net result than 84% of companies in land transport. Sector median €48,754 · 1,082 companies.
Checked score
86
Excellent
Financially stronger than 41% of medium-sized companies in land transport (NACE 49)
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: 0.5% across 275 companies (NACE 49, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.3 percentage points 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 03-2026lowest value
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
Equity €2.1m (23.9% of total assets)
lowers risk
Founded in 1990
Profit of €504,730 (financial year 2025)
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 (NACE 49, medium-sized). It does better than 40% of them on solvency, 55% on liquidity, 49% on profitability and 20% on growth.
The bankruptcy probability was computed on 06-11-2026 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, 378 companies had the same profile as GDL Transport has now. Each dot is one company, two years later.
97.4%
were still trading
2.4%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of GDL Transport itself: 0.2% within 12 months.
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 378 companies, not a prediction for GDL Transport. 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 €170,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.93 (1.08 in 2024), below 1. Short-term debt is 64.8% and cash 18% of total assets. 76.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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 07-05-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 days early
2024
20 days early
2023
35 days early
2022
4 days early
2021
54 days early
2020
38 days early
2019
43 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 40 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% 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 27 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
GI
GHEYSEN INGE
Director, since 01-01-2012
GJ
GHEYSEN JURGEN
Director, since 01-01-2012
IC
IL & CO CommV
Director, since 08-12-2017
Shares in 1 company, GDL France
Board & ownershipRecent changes
Permanent representative: Frederik Vander Donckt
Reappointment: VRC Bedrijfsrevisoren (statutory auditor) · General meeting of 30-04-2026 · Gazette deed
Appointment: VRC Bedrijfsrevisoren (statutory auditor)
General meeting of 12-12-2023 · Gazette deed
Merger: GDL TRANSPORT takes over I.S.L.
Dissolution of the company · Dissolved without liquidation on 20-07-2022 · Books and records kept by GDL TRANSPORT · General meeting of 20-07-2022 · Gazette deed
Merger proposal: GDL TRANSPORT BV takes over I.S.L. BV
Permanent representatives: Vandoorne Lieven and Vandoorne Livinus · “Het voorwerp van de overnemende vennootschap zal worden aangepast aan de activiteiten van de overgenomen…” (deed in Dutch) · The company holds 50 shares of I.S.L. BV · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GDL Transport Menen | €22.7m | 3.6% | 23.9% | 81.8 |
| TRANSPORT ROGER ROBBYNS EN Co Puurs-Sint-Amands | €17.1m | 3.3% | 20.6% | 79.9 |
| VERVOER TRANSMET Boutersem | €16.1m | 18.7% | 46.1% | 80.7 |
| MAINFREIGHT TRANSPORT BELGIUM Ostend | €13.8m | -0.2% | 3.6% | 93.3 |
| REMONDIS WEST-VLAANDEREN Ostend | €26.0m | 4.6% | 54.5% | 77.6 |
| TRANS EUROPE EXPRESS Erpe-Mere | €25.2m | 0.0% | 30.8% | 99.6 |
| DOCKX RENTAL Antwerp | €20.4m | 5.3% | 26.5% | 71.2 |
Grey: the largest companies of the sector (land transport (NACE 49)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as GDL Transport: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €7.6m and €16m, founded between 1976 and 1993.
Official details
Source: KBO- Status
- Active since 24-01-1990Normal situation
- Activity
- Freight transport by roadNACE 49410
- Joint committees
- 226White-collar workers in international trade, transport and logistics
- 140.03Road transport and logistics for third parties · annual accounts 2025
- Establishment unit
- 2.048.380.0788930 Menen, since 29-05-1990
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €8.7m▲ 2.9%
- Employeeson 31-12-2025
- 82▼ 4.7%
- Filing
- Filed on 07-05-2026, 85 days before the end of the filing period
Insights on GDL Transport
Solvency fell in 2025 from 30.5% to 23.9% because of the dividend and higher long-term debts.
G.D.L. holds all the shares.
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 GDL Transport
- What is the company number of GDL Transport?
- The company number of GDL Transport is 0440.013.576. The VAT number is the same number with BE in front: BE 0440.013.576.
- Where is GDL Transport based?
- The registered office is at Lar M40, 8930 Menen.Company details
- What does GDL Transport do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of GDL Transport?
- GDL Transport is a private limited company (BV).
- When was GDL Transport founded?
- GDL Transport was founded on 24-01-1990.
- Is GDL Transport still active?
- Yes, GDL Transport is an active enterprise in the KBO register.
- How many employees does GDL Transport have?
- GDL Transport had an average of 81.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GDL Transport fall under?
- In its 2025 annual accounts, GDL Transport states joint committees 226 (White-collar workers in international trade, transport and logistics) and 140.03 (Road transport and logistics for third parties).
- What is the turnover of GDL Transport?
- The turnover of GDL Transport was €22.7m in financial year 2025, according to the filed annual accounts.
- Is GDL Transport profitable?
- In financial year 2025, GDL Transport made a profit of €504,730.
- Where can I find the annual accounts of GDL Transport?
- GDL Transport filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GDL Transport due?
- GDL Transport must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.