HAG Logistics
ActiveThe computed 12-month bankruptcy probability of HAG Logistics is 2.2% (moderate). The 2024 annual accounts show equity of €264k and a net result of €21k. Equity is growing by ~28.5% per year across the filed fiscal years. Its solvency ranks better than 70% of 727 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-4
Solvency78=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 1.76 in 2023; short-term debt: 34.4% and cash: 6.2% of total assets), and 46.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 53
Relative position
BE, all sectors
reference
Sector 53
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
43 d late
2022
6 d early
2021
23 d late
2020
18 d late
2019
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€264k▲ 8.6%
2023 · €243k
2018: €69k
2019: €75k
2020: €121k
2021: €145k
2022: €218k
2023: €243k
2018 → 2024
Total assets
€493k▲ 7.0%
2023 · €461k
2018: €110k
2019: €115k
2020: €169k
2021: €235k
2022: €405k
2023: €461k
2018 → 2024
Net result
€21k▼ 16.6%
2023 · €25k
2018: €29k
2019: €6k
2020: €46k
2021: €23k
2022: €73k
2023: €25k
2018 → 2024
Working capital
€190k▲ 63.2%
2023 · €117k
2018: €41k
2019: €51k
2020: €92k
2021: €107k
2022: €152k
2023: €117k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€121k-€145k▲ 19.3%€218k▲ 50.5%€243k▲ 11.4%€264k▲ 8.6%
Operating result€68k-€43k▼ 37.1%€120k▲ 180%€56k▼ 53.4%€50k▼ 11.1%
Net result€46k-€23k▼ 49.1%€73k▲ 212%€25k▼ 66.0%€21k▼ 16.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €493k
Fixed assets
€133k▼ 30.2%
Current assets
€360k▲ 33.3%
Equity and liabilities €493k
Equity
€264k▲ 8.6%
Debt
€229k▲ 5.2%
The debt ratio falls from 47.3% to 46.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€95k▲
2023 · €93k
Cash flow
€66k▲
2023 · €62k
Solvency
53.5%▲
2023 · 52.7%
Current ratio
2.12▲
2023 · 1.76
Quick ratio
2.12▲
2023 · 1.76
Debt / equity
0.87▼
2023 · 0.90
ROE
7.9%▼
2023 · 10.3%
ROA
4.2%▼
2023 · 5.4%
Interest coverage
5.72▼
2023 · 11.54
Debt
€229k▲
2023 · €218k
Debt ≤ 1 year
€170k▲
2023 · €153k
Debt > 1 year
€60k▼
2023 · €64k
Income taxes
€12k▼
2023 · €23k
Staff costs
€345k▲
2023 · €335k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€461k€493k▲
Formation expenses20€0€0=
Fixed assets21/28€191k€133k▼
Tangible fixed assets22/27€191k€133k▼
Plant, machinery and equipment23€14k€11k▼
Furniture and vehicles24€177k€122k▼
Current assets29/58€270k€360k▲
Amounts receivable after more than one year29€152k€152k=
Other amounts receivable291€152k€152k=
Amounts receivable within one year40/41€95k€68k▼
Trade receivables40€88k€54k▼
Other amounts receivable41€7k€15k▲
Cash at bank and in hand54/58€12k€31k▲
Deferred charges and accrued income490/1€11k€109k▲
Equity and liabilities
Total equity and liabilities10/49€461k€493k▲
Equity10/15€243k€264k▲
Contributions10/11€19k€19k=
Reserves13€214k€214k=
Distributable reserves133€214k€214k=
Profit (loss) carried forward14€10k€31k▲
Amounts payable17/49€218k€229k▲
Amounts payable after more than one year17€64k€60k▼
Financial debts170/4€64k€60k▼
Amounts payable within one year42/48€153k€170k▲
Current portion of amounts payable after more than one year42€26k€26k▲
Trade debts44€76k€83k▲
Suppliers440/4€76k€83k▲
Taxes, remuneration and social security45€47k€60k▲
Taxes450/3€45k€56k▲
Remuneration and social security454/9€2k€4k▲
Other amounts payable47/48€4k-
Accrued charges and deferred income492/3-€0
Income statement
Code20232024
Non-recurring operating income76A€537-
Remuneration, social security and pensions62€335k€345k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€45k▲
Other operating charges640/8€12k€25k▲
Non-recurring operating charges66A€5k€7k▲
Gross operating margin9900€445k€472k▲
Operating profit (loss)9901€56k€50k▼
Financial income75/76B€1€56▲
Recurring financial income75€1€56▲
Financial charges65/66B€8k€17k▲
Recurring financial charges65€8k€17k▲
Profit (loss) for the period before taxes9903€48k€33k▼
Income taxes67/77€23k€12k▼
Profit (loss) for the period9904€25k€21k▼
Profit (loss) for the period to be appropriated9905€25k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€31k▼
Profit (loss) brought forward from the previous period14P€10k€10k▲
Transfer to equity691/2€25k-
To other reserves6921€25k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €73k ▲212%
Operating result €120k, net result €73k, both a record.
31-12
Financial
Equity above €200kEq €218k ▲50.5%
5 profitable years in a row build equity to €218k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Equity above €100kEq €121k ▲61.2%
3 profitable years in a row build equity to €121k.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Weakest financial yearnet €6k ▼77.9%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
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.
Klappeistraat 572060 AntwerpenGround area
93 m²
Building footprint
93 m²
Volume, LiDAR
738 m³
Parcel 11805E0689/00L000, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Klappeistraat 57, 2060 Antwerpen
since 20162.254.641.274
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E0689/00L000 | Flanders | 93 m² | 1 · 93 m² | 13.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 4,917 companies in sector 53200 we hold annual accounts for 1,330. 827 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-07-2016
Fiscal year end31-12
Activities, NACEBEL
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@haglogistics.be