The situation of the Belgian transport group based in Turnhout had been deteriorating for several years, and hopes of a rescue were abandoned within just a few months. Despite earlier restructuring and attempts to expand into parcel transport and logistics, the company failed to stay afloat.
Five companies declared bankruptcy
The commercial court in Antwerp declared the bankruptcy of five companies belonging to Group De Wolf: holding Group 5216 and four operational companies – Red Line Service, Transport De Wolf & Berre, Red Line Logistic Service, and Transport Bellekens. The latter was taken over by Group De Wolf in 2021.
In total, the group employed about one hundred people, with 80 full-time employees in 2023 within the logistics…