HANDARY

Active

Public limited companyfounded 200917 yrs activeKolonel Bourgstraat 127, 1140 Evere, BelgiumKBO/BCE: BE 0817.450.771

HANDARY has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €387k and a net result of €152k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

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Checked score

Score 2024

52 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability72▲+60

Solvency31▲+3

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €20k at 30 days acceptable

Liquidity short (current ratio 0.6 against 0.72 in 2023; short-term debt: 93.6% and cash: 22.8% of total assets), and 93.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 5988 sector peers (2024).

NBB · sector comparison

Position among 5988 sector peers

Solvency

better than 12%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-10-2025, 72 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

72 d late

2023

95 d late

2022

116 d late

2021

94 d late

2020

100 d late

2019

56 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€152k

2023 · €-471k

2018: €-304k 2019: €264k 2020: €-51k 2021: €-484k 2022: €89k 2023: €-471k

2018 → 2024

Working capital

€-2.30M▲ 6.9%

2023 · €-2.47M

2018: €-732k 2019: €-1.08M 2020: €-1.11M 2021: €-1.79M 2022: €-1.72M 2023: €-2.47M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€1.10M-€617k▼ 44.0%€706k▲ 14.5%€235k▼ 66.7%€387k▲ 64.7%

Operating result€-30k-€-488k▼ 1,516%€38k€-486k€149k

Net result€-51k-€-484k▼ 848%€89k€-471k€152k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €149k after a loss of €486k in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €6.20M

43.4%

56.6%

Fixed assets €2.69M▼ 1.0%

Current assets €3.51M▼ 44.7%

Equity and liabilities €6.20M

93.8%

Equity €387k▲ 64.7%

Debt €5.82M▼ 34.2%

The debt ratio falls from 97.4% to 93.8%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€471k▲

2023 · €-165k

Cash flow

€474k▲

2023 · €-151k

Solvency

6.2%▲

2023 · 2.6%

Current ratio

0.60▼

2023 · 0.72

Quick ratio

0.58▼

2023 · 0.70

Debt / equity

15.04▼

2023 · 37.63

ROE

39.3%▲

2023 · -200.7%

ROA

2.5%▲

2023 · -5.2%

Interest coverage

51.44▲

2023 · -8.74

Debt

€5.82M▼

2023 · €8.84M

Debt ≤ 1 year

€5.81M▼

2023 · €8.82M

Staff costs

€727k▼

2023 · €740k

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€9.07M€6.20M▼

Fixed assets21/28€2.72M€2.69M▼

Intangible fixed assets21-€5k

Tangible fixed assets22/27€2.71M€2.56M▼

Land and buildings22€1.76M€1.69M▼

Plant, machinery and equipment23€925k€852k▼

Furniture and vehicles24€13k€11k▼

Other tangible fixed assets26€16k€11k▼

Financial fixed assets28€7k€129k▲

Current assets29/58€6.35M€3.51M▼

Stocks and contracts in progress3€221k€166k▼

Stocks30/36€221k€166k▼

Amounts receivable within one year40/41€1.97M€1.93M▼

Trade receivables40€1.84M€1.91M▲

Other amounts receivable41€129k€21k▼

Cash at bank and in hand54/58€759k€1.42M▲

Deferred charges and accrued income490/1€3.40M-

Equity and liabilities

Total equity and liabilities10/49€9.07M€6.20M▼

Equity10/15€235k€387k▲

Contributions10/11€1.10M€1.10M=

Outside capital11€1.10M€1.10M=

Other1109/19€1.10M€1.10M=

Reserves13€65k€65k=

Non-distributable reserves130/1€20k€20k=

Reserves not available under the articles1311€20k€20k=

Tax-exempt reserves132€45k€45k=

Profit (loss) carried forward14€-930k€-778k▲

Amounts payable17/49€8.84M€5.82M▼

Amounts payable within one year42/48€8.82M€5.81M▼

Trade debts44€8.69M€5.68M▼

Suppliers440/4€8.69M€5.68M▼

Taxes, remuneration and social security45€131k€108k▼

Taxes450/3€7k€20k▲

Remuneration and social security454/9€124k€88k▼

Other amounts payable47/48-€17k

Accrued charges and deferred income492/3€17k€9k▼

Income statement Code20232024

Remuneration, social security and pensions62€740k€727k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€320k€322k▲

Other operating charges640/8€70k€84k▲

Gross operating margin9900€645k€1.28M▲

Operating profit (loss)9901€-486k€149k▲

Financial income75/76B€33k€12k▼

Recurring financial income75€33k€12k▼

Financial charges65/66B€19k€9k▼

Recurring financial charges65€19k€9k▼

Profit (loss) for the period before taxes9903€-471k€152k▲

Income taxes67/77€72-

Profit (loss) for the period9904€-471k€152k▲

Profit (loss) for the period to be appropriated9905€-471k€152k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-930k€-778k▲

Profit (loss) brought forward from the previous period14P€-459k€-930k▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 16Financial 6Filings 10

2025

11-10

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 72 days late

2024

31-12

Financial Back to profitnet €152k

Net result €152k after one loss-making year.

03-11

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 95 days late

2023

24-11

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 116 days late

2022

31-12

Financial Back to profitnet €89k

Net result €89k after 2 loss-making years.

02-11

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 94 days late

2021

31-12

Financial Weakest financial yearnet €-484k

Net result drops to €-484k, the lowest in the series; recovery starts the following year.

08-11

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 100 days late

2020

31-12

Financial Equity above €1MEq €1.10M ▲332%

Equity rises from €255k to €1.10M.

25-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 56 days late

2019

31-12

Financial Back to profitnet €264k

Net result €264k after one loss-making year.

31-12

Financial Equity above €200kEq €255k

Equity rises from €-9k to €255k.

07-11

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 99 days late

2018

19-11

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 111 days late

2017

27-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 58 days late

30-05

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 303 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

9 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, Evere · 2 establishment units since 2009

establishment approximate All 2 establishment units on the map

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.

Kolonel Bourgstraat 1271140 Evere

Ground area

1.1 ha

Building footprint

3,069 m²

Volume, LiDAR

28,897 m³

2 parcels, Brussels, Wallonia · tallest building 21.8 m, ±5 floors. Linked by address, not a title deed.

2 establishment units

HANDARY

Kolonel Bourgstraat 127, 1140 EvereWholesale trade

since 20092.181.532.968

HANDARY

Avenue du Marquis(FL) 33, 6220 FleurusManufacture of chemicals and chemical products

since 20112.199.996.721

2 parcels

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52332B0459/00G003	Wallonia	7,436 m²	1 · 1,541 m²	12.0 m · 2 fl.
21372C0123/00R000	Brussels	3,304 m²	1 · 1,528 m²	21.8 m · 5 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Fleurus2.199.996.721

2 permissions

Toelating · Fabrikant voedseladditieven · since 22-06-2017

Toelating · Verpakker levensmiddelen · since 22-06-2017

Similar companies · same sector, comparable size

TRENDY FOODS LOGISTICS

Survitec Service & Distribution

BE 0458.769.616

Antwerpen · Eq €393k

Of 1,566 companies in sector 46900 we hold annual accounts for 920. 668 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded30-07-2009

Fiscal year end31-12

Activities, NACEBEL

46851Wholesale of industrial chemicals

46900Non-specialised wholesale trade

Sources

Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.