H.Essers Liquid Bulk
ActiveSummary
H.Essers Liquid Bulk has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45.85M and a net result of €-703k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 866 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+26
Solvency96▲+7
Growth53▼-2
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 2.28 against 1.78 in 2024; short-term debt: 27.2% and cash: 0.1% of total assets), and 29.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.9%
Return on assets
-1.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-703k
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 08-07-2026, 23 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
23 d early
2024
37 d early
2023
21 d early
2022
18 d early
2021
30 d early
2020
29 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Turnover
€85.16M▲ 0.1%
2024 · €85.08M
2018: €54.89M
2019: €57.81M
2020: €59.17M
2021: €59.90M
2022: €68.40M
2023: €73.95M
2024: €85.08M
2018 → 2025
EBIT margin
0.8%▲ 5.4pp
2024 · -4.6%
2018: 5.3%
2019: 5.4%
2020: 6.0%
2021: 4.7%
2022: -0.8%
2023: -0.5%
2024: -4.6%
2018 → 2025
Net result
€-703k▲ 92.9%
2024 · €-9.90M
2018: €2.21M
2019: €2.17M
2020: €2.65M
2021: €2.03M
2022: €-546k
2023: €305k
2024: €-9.90M
2018 → 2025
Working capital
€22.44M▲ 33.7%
2024 · €16.79M
2018: €28.86M
2019: €30.73M
2020: €10.63M
2021: €11.23M
2022: €-966k
2023: €13.87M
2024: €16.79M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€59.90M-€68.40M▲ 14.2%€73.95M▲ 8.1%€85.08M▲ 15.1%€85.16M▲ 0.1%
Equity€35.46M-€26.82M▼ 24.4%€56.45M▲ 110%€46.55M▼ 17.5%€45.85M▼ 1.5%
Operating result€2.81M-€-552k€-379k▲ 31.3%€-3.92M▼ 933%€653k
Net result€2.03M-€-546k€305k€-9.90M€-703k▲ 92.9%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €653k after a loss of €3.92M in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64.67M
Fixed assets
€24.63M ▼ 28.8%
Current assets
€40.04M ▲ 4.8%
Equity and liabilities €64.67M
Equity
€45.85M ▼ 1.5%
Provisions
€140k ▼ 12.5%
Debt
€18.68M ▼ 28.4%
Debt's share of the balance-sheet total falls from 35.9% to 28.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6.54M▲
2024 · €2.56M
Cash flow
€5.19M▲
2024 · €-3.42M
Current ratio
2.28▲
2024 · 1.78
Debt to equity
0.41▼
2024 · 0.56
ROE
-1.5%▲
2024 · -21.3%
ROA
-1.1%▲
2024 · -13.6%
Interest coverage
19.74▲
2024 · 4.39
Debt ≤ 1 year
€17.60M▼
2024 · €21.42M
Debt > 1 year
€1.00M▼
2024 · €4.52M
Income taxes
€34k▼
2024 · €36k
Staff costs
€1.87M▼
2024 · €2.09M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 83 lines
Balance sheet
Code20242025
Assets
Total assets20/58€72.81M€64.67M▼
Fixed assets21/28€34.60M€24.63M▼
Intangible fixed assets21€2.74M€1.86M▼
Tangible fixed assets22/27€15.14M€11.27M▼
Land and buildings22€4.66M€4.67M▲
Plant, machinery and equipment23€50k€89k▲
Furniture and vehicles24€9.83M€6.04M▼
Leasing and similar rights25€602k€469k▼
Financial fixed assets28€16.73M€11.50M▼
Affiliated companies280/1€16.69M€11.46M▼
Participating interests280€16.69M€11.46M▼
Other financial fixed assets284/8€41k€41k=
Amounts receivable and cash guarantees285/8€41k€41k=
Current assets29/58€38.21M€40.04M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€37.30M€39.94M▲
Trade receivables40€7.33M€6.93M▼
Other amounts receivable41€29.97M€33.01M▲
Cash at bank and in hand54/58€832k€42k▼
Deferred charges and accrued income490/1€76k€54k▼
Equity and liabilities
Total equity and liabilities10/49€72.81M€64.67M▼
Equity10/15€46.55M€45.85M▼
Contributions10/11€681k€681k=
Capital10€681k€681k=
Issued capital100€681k€681k=
Reserves13€55.34M€55.28M▼
Non-distributable reserves130/1€95k€95k=
Legal reserve130€90k€90k=
Reserves not available under the articles1311€5k€5k=
Other1319€0-
Tax-exempt reserves132€550k€490k▼
Distributable reserves133€54.69M€54.69M=
Profit (loss) carried forward14€-9.47M€-10.11M▼
Provisions and deferred taxes16€160k€140k▼
Deferred taxes168€160k€140k▼
Amounts payable17/49€26.10M€18.68M▼
Amounts payable after more than one year17€4.52M€1.00M▼
Financial debts170/4€121k€0▼
Leasing and similar obligations172€121k€0▼
Other amounts payable178/9€4.40M€1.00M▼
Amounts payable within one year42/48€21.42M€17.60M▼
Current portion of amounts payable after more than one year42€679k€101k▼
Trade debts44€19.43M€17.28M▼
Suppliers440/4€19.43M€17.28M▼
Taxes, remuneration and social security45€372k€219k▼
Taxes450/3€73k€14k▼
Remuneration and social security454/9€300k€204k▼
Other amounts payable47/48€936k€0▼
Accrued charges and deferred income492/3€162k€85k▼
Income statement
Code20242025
Operating income70/76A€85.30M€87.05M▲
Turnover70€85.08M€85.16M▲
Other operating income74€191k€964k▲
Non-recurring operating income76A€30k€924k▲
Operating charges60/66A€89.22M€86.39M▼
Services and other goods61€78.66M€77.35M▼
Remuneration, social security and pensions62€2.09M€1.87M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6.48M€5.89M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-120k€386▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€1.94M€1.28M▼
Non-recurring operating charges66A€181k€0▼
Operating profit (loss)9901€-3.92M€653k▲
Financial income75/76B€1.28M€4.33M▲
Recurring financial income75€1.28M€4.33M▲
Income from financial fixed assets750-€3.40M
Income from current assets751€1.21M€832k▼
Other financial income752/9€69k€100k▲
Financial charges65/66B€7.24M€5.67M▼
Recurring financial charges65€688k€445k▼
Debt charges650€583k€331k▼
Other financial charges652/9€105k€114k▲
Non-recurring financial charges66B€6.55M€5.23M▼
Profit (loss) for the period before taxes9903€-9.88M€-689k▲
Transfer from deferred taxes780€20k€20k=
Income taxes67/77€36k€34k▼
Taxes670/3€36k€50k▲
Tax adjustments and reversals of tax provisions77€0€16k▲
Profit (loss) for the period9904€-9.90M€-703k▲
Transfer from tax-exempt reserves789€60k€60k=
Profit (loss) for the period to be appropriated9905€-9.84M€-642k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9.47M€-10.11M▼
Profit (loss) brought forward from the previous period14P€365k€-9.47M▼
Social balance
Average headcount (FTE)908724.221.4▼
The notes to these accounts (80 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
State Gazette act
Permanent representative: Ben Vandeweyer1 fact ▸
State Gazette act
Permanent representative: Ben Vandeweyer
1 fact ▸
- Permanent representative, Ben Vandeweyer
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-9.90M ▼3349%
Net result drops to €-9.90M, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €305k
Net result €305k after one loss-making year.
31-12
Financial
Equity above €50MEq €56.45M ▲110%
Equity rises from €26.82M to €56.45M.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €2.65M ▲21.9%
Operating result €3.55M, net result €2.65M, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · consolidated
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 2 establishment units since 1976
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koggenstraat 128380 BruggeGround area
9,956 m²
Building footprint
2,219 m²
Volume, LiDAR
19,466 m³
2 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
HUKTRA NV
since 19762.012.610.240
HUKTRA NV
since 20132.231.902.791
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812Q0190/00F000 | Flanders | 4,998 m² | 1 · 1,841 m² | 9.9 m · 3 fl. |
| 31812Q0190/00A000 | Flanders | 4,957 m² | 1 · 378 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 4,079 EUR awarded · 4,079 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 4,079 EUR | 4,079 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.012.610.240
Similar companies · same sector, comparable size
Veolia Environmental Services BE
BE 0428.531.449
Sint-Gillis (bij-Brussel) · Eq €46.06M
Sutrans
BE 0446.049.451
Temse · Eq €46.81M
JOST & CIE
BE 0438.199.181
Herstal · Eq €44.68M
GLS Belgium Distribution
BE 0883.914.874
Drogenbos · Eq €47.24M
JOST
BE 0405.015.580
Antwerpen · Eq €48.79M
Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 202 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-08-1976
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 61 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
2 convocationsGeneral meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-9-03690/26.05)
Ordinary general meeting
Agenda
Verslag raad van bestuur. Goedkeuring van de jaarrekening per 31/12/2005. Bestemming resultaat. Kwijting aan bestuurders. Varia. Zich richten naar de statuten. (26891) Assutrans International, naamloze vennootschap, Arthur Goemaerelei 32, 2018 Antwerpen Ondernemingsnummer 0863.470.343 Algemene vergadering op de zetel op 08/06/2006, om 11 uur. Agenda : Goedkeuring van de jaarrekening. Bestemming resultaat. Kwijting aan bestuurders. Eventuele benoemingen. Diversen. (26892) Porta & C°, naamloze vennootschap, Nieuwe Steenweg 44, 3870 Heers Ondernemingsnummer 0432.322.664 Algemene vergadering op de zetel op 20/06/2006, om 17 uur. Agenda : Verslag raad van bestuur. Goedkeuring van de jaarrekening. ...