The transport company Eurosped Belgium (ESB) has once again been declared insolvent. This is the second such ruling in recent years – initially, the court declared bankruptcy in March 2022, and now, in September 2025, it has again confirmed the company’s insolvency.
Founded in 2006, the company quickly gained a strong market position – in 2015, it was even recognised as the fastest-growing transport company in Belgium. Challenges began after 2018 when its founder Rik Vanlessen died in a tragic accident. Taken over by new owner Pascal Delcour, the company tried to remain in the market, but persistent payment issues, legal proceedings, and the loss of clients ultimately dashed hopes for stable operation.
According to reports from Belgian media, Eurosped Belgium employed 77 people. Today, the company site in Sint-Truiden is empty, with operations completely shut down.
A wave of bankruptcies in Belgian transport
The fall of Eurosped Belgium is not an isolated incident. In August 2025, a court in Antwerp declared five companies under Group De Wolf insolvent, employing about a hundred workers. Despite attempts at restructuring and expanding activities to include parcel transport and warehouse logistics, the group could not maintain its market presence.
A few weeks earlier, Supreme Transport from Wommelgem also declared bankruptcy. Once seen as a model of dynamic growth, its fleet of 60 vehicles and investments worth over 2 million euros were insufficient to survive the worsening economic climate.
Statistics paint a grim picture
According to Belgium’s statistical office Statbel, in 2024, there were 724 bankruptcies announced in the transport and warehousing sector. This represents an 11.7% increase over the previous record year of 2023, which saw 648 bankruptcies.
These data indicate that the Belgian TSL sector is in deep crisis, evidenced not only by spectacular large company failures but also by the increasingly frequent bankruptcies of medium and smaller enterprises.
What lies ahead for the Belgian transport market?
Experts note that the situation for carriers and freight forwarders in Belgium remains exceptionally difficult. High operating costs, a lack of stable contracts, and unfavourable economic conditions mean many companies are teetering on the brink of insolvency.
Eurosped Belgium, which once attempted to recover from bankruptcy, has now permanently ceased operations. For the Belgian market, this signals that more companies may not survive the coming months if market conditions do not improve.
