Equity
€180,152 ▲ 12.7%
DH LOG has made a profit in every financial year since 2020.
DH LOG
Lifetime
6 annual accounts with figures on one time axis, 7 filings since 2019peak €1.4m (2021)
€1.0m▲ 2.2%
peak €2.3m (2021)
€20,237▲ 10.3%
peak €180,152 (2025)
€180,152▲ 12.7%
€180,143▼ 70.3%
peak 12.7 FTE (2020)
9 FTEunchanged
Board10 names since 2019
5 directorsDEMEUSE Xavier Jean M and 4 others
Owners4 names in the annual accounts
100%HEYTENS CENTRALE and 2 others
Documentsfilings and deeds
04-06-202657 days before the deadline
2025financial year
1 director reappointed, 1 statutory auditor reappointed 01-08Equity from €159,915 to €180,152Debts from €607,210 to €180,143Investments €36,285
Key points
from the 2025 annual accountsInvestments
€38,434 2.3 × depreciation
Green is investment, beige is depreciation. Machinery stands 62.3% higher than in 2024.
Staff
9 FTE from 12.7 in 2020
Between 2020 and 2025, 29% of the full-time equivalents disappeared.
Payment terms
76 days to suppliers
DH LOG pays its suppliers 39 days later than in 2024. Customers pay 34 days earlier.
At the same address
16 companies
Board
1 joined · 1 left
Board changed. Latest change 10-07-2026 · 5 in office.
Checked score
69
Healthy
Financially stronger than 54% of micro companies in warehousing and transport support (NACE 52)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 2,306 companies (NACE 52, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.9%
01-2025: 3.8%▼ -0.1 percentage points vs 12-2024
02-2025: 3.9%▲ +0.1 percentage points vs 01-2025
03-2025: 3.9%● unchanged vs 02-2025
04-2025: 3.9%● unchanged vs 03-2025
05-2025: 3.9%● unchanged vs 04-2025
06-2025: 3.9%● unchanged vs 05-2025highest value
07-2025: 1.8%▼ -2.1 percentage points vs 06-2025
08-2025: 1.8%● unchanged vs 07-2025
09-2025: 1.8%● unchanged vs 08-2025
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 1.5%▼ -0.3 percentage points vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.6%▲ +0.1 percentage points vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.5%▼ -0.1 percentage points vs 05-2026
07-2026: 0.7%▼ -0.8 percentage points vs 06-2026lowest value
08-2026: 0.7%● unchanged vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Warehousing and support activities for transportation (NACE 52)
Size: turnover €1.0m, 9 FTE, total assets €460,295
Founded in 2019
lowers risk
Liquidity: current ratio 2.26, cash €138,037
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 52, micro). It does better than 48% of them on solvency, 74% on liquidity, 38% on profitability and 57% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 5,047 companies had the same profile as DH LOG has now. Each dot stands for 13 companies, two years later.
94.0%
were still trading
3.8%
stopped another way
2.2%
went bankrupt
That fits the bankruptcy probability of DH LOG itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,448 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 5,047 companies, not a prediction for DH LOG. 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 €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.26 (1.37 in 2024), above the usual 1.5. Short-term debt is 39.1% and cash 30% of total assets. However, 60.9% of the assets are financed with debt and provisions.
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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 04-06-2026, 57 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
57 days early
2024
50 days early
2023
43 days early
2022
55 days early
2021
5 days early
2020
26 days late
2019
30 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 31 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% 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 11 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
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HEYTENS CENTRALE 100%score 95equity €8.8m (2025) · annual accounts 2025
- ARIANE SAS consolidatesannual accounts 2025
- MOSAIC BLUE consolidatesannual accounts 2025
Recent changes
New managing director
Damien BOISEL appointed, Stéphanie TORCK resigned · General meeting of 19-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0731781361
1 director reappointed, 1 statutory auditor reappointed
Xavier DEMEUSE and Deloitte Réviseurs d'Entreprises SRL (statutory auditor) · Permanent representative: Cédric BOGAERTS · General meeting of 20-05-2025 · Gazette deed
2 directors appointed, 2 resignations
Resignations: Ingrid SIKORSKI (managing director) and Marion TORCK, épouse CUVELIER (managing director) · Appointments: Maïlys RIOUAL (managing director) and Stéphanie TORCK, épouse FLEUROUX (managing director) · General meeting of 13-05-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DH LOG Wavre | €1.0m | 3.3% | 39.1% | 9 |
| Paxon Fulfilment Belgium Brussels | €0.7m | - | -20.0% | 7.4 |
| VDW LOGISTIC Ath | €1.3m | 12.7% | -18.4% | - |
| DELIVERY COMPANY Court-Saint-Etienne | - | - | 2.5% | 5 |
| MSC GLOBAL SUPPLIES BELGIUM Etterbeek | - | - | 57.3% | 8.3 |
| CROSSPORT Lochristi | - | - | -14.3% | 6.6 |
| Rhenus Automotive Brussels Genk | €2.7m | 56.0% | -472.3% | 20.5 |
Grey: the largest companies of the sector (warehousing and transport support (NACE 52)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as DH LOG: warehousing and storage (NACE 52100). They are comparable in size and age: total assets between €376,000 and €2m, founded between 2016 and 2021.
Official details
Source: KBO- Status
- Active since 01-08-2019Normal situation
- Registered office
- 17 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Warehousing and storageNACE 52100
- Joint committees
- 226White-collar workers in international trade, transport and logistics
- 140Transport and logistics · annual accounts 2021
- Establishment unit
- 2.292.289.3501300 Wavre, since 01-08-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- €460,295▼ 46.9%
- Employeeson 31-12-2025
- 9=
- Filing
- Filed on 04-06-2026, 57 days before the end of the filing period
Companies linked to DH LOG
Parent and group
Insights on DH LOG
DH LOG has existed since 2019. Turnover fell from €1.3m in 2020 to €1.0m in 2025 and staff from 12.7 to 9 full-time equivalents.
Solvency rose in 2025 from 18.4% to 39.1% because of the retained profit and lower debts.
HEYTENS CENTRALE holds all the shares. In July 2026, the Official Gazette published the appointment of Damien BOISEL 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 DH LOG
- What is the company number of DH LOG?
- The company number of DH LOG is 0731.781.361. The VAT number is the same number with BE in front: BE 0731.781.361.
- Where is DH LOG based?
- The registered office is at Avenue Lavoisier 9, 1300 Wavre.Company details
- What does DH LOG do?
- According to the KBO register, the main activity is warehousing and storage (NACE 52100).
- What is the legal form of DH LOG?
- DH LOG is a public limited company (NV).
- When was DH LOG founded?
- DH LOG was founded on 01-08-2019.
- Is DH LOG still active?
- Yes, DH LOG is an active enterprise in the KBO register.
- How many employees does DH LOG have?
- DH LOG had an average of 9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DH LOG fall under?
- In its 2021 annual accounts, DH LOG states joint committees 226 (White-collar workers in international trade, transport and logistics) and 140 (Transport and logistics).
- What is the turnover of DH LOG?
- The turnover of DH LOG was €1.0m in financial year 2025, according to the filed annual accounts.
- Is DH LOG profitable?
- In financial year 2025, DH LOG made a profit of €20,237.
- Where can I find the annual accounts of DH LOG?
- DH LOG filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DH LOG due?
- DH LOG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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