Sector · NACE 5225

Logistics service activities

1,246 Belgian companies whose main activity falls under NACE code 5225 have filed annual accounts. Their median solvency is 38.8% for financial year 2024.

Companies1,246
Median solvency38.8%
Median equity157,213 €
Median headcount (FTE)5.0
Founded in the last 3 years93

Sector medians

Computed by Idonis

Distribution across the sector's companies for financial year 2024: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.

Indicator1st quartileMedian3rd quartileCompanies
Solvency 15.4%38.8%66.0% 1,109
Current ratio 0.961.412.45 1,091
ROE 1.9%15.9%43.3% 953
Equity 29,735 €157,213 €904,834 € 1,116
Total assets 144,745 €607,727 €€2.37m 1,114
Net result −1,631 €21,427 €144,443 € 1,116
Headcount (avg FTE) 1.95.015.4 585

Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method

Largest companies: Logistics service activities

Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.

#Company Total assetsRevenue EquityFTEYear
1 PSA Baltics 2000 Antwerp €462.6m €1.27m €194.5m 5.0 2024
2 DSV Road Holding 2870 Puurs-Sint-Amands €324.3m €89.9m €279.2m 103.6 2025
3 DHL Aviation 1820 Steenokkerzeel €221.5m €263.9m €70.7m 1,402.6 2025
4 Ecuhold 2030 Antwerp €207.1m 4,215 € €101.4m 15.4 2026
5 DSV Road 2870 Puurs-Sint-Amands €156.2m €216.0m €98.7m 562.7 2025
6 PepsiCo Services 1930 Zaventem €133.5m €41.1m €121.6m 90.7 2024
7 Kuehne + Nagel 2600 Antwerp €128.9m €563.7m €14.2m 996.7 2025
8 Jan De Nul Dredging 9308 Aalst €125.4m €70.4m €110.9m 273.8 2025
9 SDV Transami 2000 Antwerp €113.1m — €51.3m — 2024
10 Vanheede Environment Group 1080 Molenbeek-Saint-Jean €113.1m €21.8m €42.0m 100.0 2025
11 ECS corporate 8380 Bruges €107.1m €27.0m €33.8m 145.4 2025
12 DSV AIR & SEA 2870 Puurs-Sint-Amands €103.6m €246.7m −€6.27m 308.9 2025
13 Gosselin Group 2100 Antwerp €98.7m €11.8m €47.3m 51.7 2025
14 ECS European Containers 8380 Bruges €94.5m €408.9m €14.4m 138.8 2025
15 DHL International 1831 Machelen (Brab.) €87.3m €426.2m €18.7m 753.9 2025
16 Tosca Belgium 2627 Schelle €83.8m €59.2m €32.3m 85.3 2024
17 Manuport Logistics 2030 Antwerp €82.1m €259.8m €10.8m 189.4 2025
18 Gheys Beheer 2400 Mol €74.0m €8.02m €33.8m 27.6 2025
19 United Parcel Service Belgium 1831 Machelen (Brab.) €70.5m €357.4m €21.4m 670.5 2025
20 ARC Europe 1140 Evere €67.0m €83.3m €24.5m 48.2 2025

“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.

Where are they based?

  • Antwerp618
  • Brussels-Capital138
  • Flemish Brabant106
  • East Flanders95
  • West Flanders77
  • Liège69
  • Limburg57
  • Hainaut45
  • Walloon Brabant26
  • Namur10
  • Luxembourg4

Municipalities with the most

Related sectors

← The whole Warehousing, storage and support activities for transportation sector (NACE 52)

Frequently asked questions

How many Logistics service activities companies are there in Belgium?

1,246 Belgian companies whose main activity falls under NACE code 5225 (Logistics service activities) have filed annual accounts with the National Bank.

What is the median solvency in Logistics service activities?

For financial year 2024, median solvency (equity over total assets) is 38.8%. The middle half of companies lies between 15.4% and 66.0% (1,109 companies).

What is the largest company in Logistics service activities?

By total assets, it is PSA Baltics (€462.6m, financial year 2024).

Where are Logistics service activities companies based?

The municipalities with the most: Antwerp (120), Antwerp (98), Antwerp (30).

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Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 10 Oct 2026.