HANLOG
ActiveSummary
The computed 12-month bankruptcy probability of HANLOG is 2.0% (moderate). The 2024 annual accounts show equity of €68,380 and a net result of €6,142. Equity is growing by ~37.2% per year across the filed fiscal years. Its solvency ranks better than 89% of 1308 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-19
Solvency100▲+25
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity ample (current ratio 7.47 against 1.78 in 2023; short-term debt: 12.9% and cash: 5.5% of total assets), and 12.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-12-2025, 140 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
140 d late
2023
120 d late
2022
120 d late
2021
6 d early
2020
51 d late
2019
116 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 90 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€68,380▲ 9.9%
2023 · €62,238
Total assets
€78,465▼ 37.6%
2023 · €125,659
Net result
€6,142▲ 324%
2023 · €1,450
Working capital
€65,267▲ 47.2%
2023 · €44,335
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€8,538▲ 48.8%€10,520▲ 23.2%€51,157▲ 386%€5,295▼ 89.7%€1,879▼ 64.5%
Net result€4,067within the sector's middle half▲ 43.7%€3,351within the sector's middle half▼ 17.6%€38,141within the sector's middle half▲ 1,038%€1,450within the sector's middle half▼ 96.2%€6,142within the sector's middle half▲ 324%
Equity€19,297within the sector's middle half▲ 26.7%€22,648within the sector's middle half▲ 17.4%€60,788within the sector's middle half▲ 168%€62,238within the sector's middle half▲ 2.4%€68,380within the sector's middle half▲ 9.9%
Total assets€137,412within the sector's middle half▲ 38.5%€274,692within the sector's middle half▲ 99.9%€151,857within the sector's middle half▼ 44.7%€125,659within the sector's middle half▼ 17.3%€78,465within the sector's middle half▼ 37.6%
Debt€118,115▲ 40.7%€252,044▲ 113%€91,069▼ 63.9%€63,421▼ 30.4%€10,085▼ 84.1%
Working capital-€29,086below the sector's middle half▼ 125%-€13,121below the sector's middle half▲ 54.9%€58,187within the sector's middle half€44,335within the sector's middle half▼ 23.8%€65,267within the sector's middle half▲ 47.2%
Solvency14.0%within the sector's middle half▼ 1.3pp8.2%below the sector's middle half▼ 5.8pp40.0%within the sector's middle half▲ 31.8pp49.5%within the sector's middle half▲ 9.5pp87.1%above the sector's middle half▲ 37.6pp
Current ratio0.53below the sector's middle half▲ 0.020.94within the sector's middle half▲ 0.411.73within the sector's middle half▲ 0.791.78within the sector's middle half▲ 0.067.47above the sector's middle half▲ 5.69
Return on assets (ROA)3.0%within the sector's middle half▲ 0.1pp1.2%within the sector's middle half▼ 1.7pp25.1%above the sector's middle half▲ 23.9pp1.2%within the sector's middle half▼ 24.0pp7.8%within the sector's middle half▲ 6.7pp
Staff (FTE)0.7below the sector's middle half2.4▲ 243%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
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 65% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €78,465
Fixed assets
€3,113 ▼ 87.4%
Current assets
€75,352 ▼ 25.4%
Equity and liabilities €78,465
Equity
€68,380 ▲ 9.9%
Debt
€10,085 ▼ 84.1%
Debt's share of the balance-sheet total falls from 50.5% to 12.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,267▼
2023 · €11,042
Cash flow
€7,529▲
2023 · €7,197
Debt to equity
0.15▼
2023 · 1.02
ROE
9.0%▲
2023 · 2.3%
Interest coverage
2.67▼
2023 · 8.63
Debt ≤ 1 year
€10,085▼
2023 · €56,701
Income taxes
€2,720▼
2023 · €5,018
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €102,195 | €11,802 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,912 | €31,380 | €2,644 | €5,747 | €1,387 | ▼ 75.9% |
| Other operating charges640/8 | - | €7,595 | €23,584 | €11,372 | €1,035 | ▼ 90.9% |
| Gross operating margin9900 | €66,827 | €151,690 | €89,188 | €22,414 | €4,302 | ▼ 80.8% |
| Operating profit (loss)9901 | €8,538 | €10,520 | €51,157 | €5,295 | €1,879 | ▼ 64.5% |
| Financial income75/76B | - | €1,978 | €3,255 | €2,453 | €8,207 | ▲ 235% |
| Recurring financial income75 | €494 | €1,978 | €3,255 | €2,453 | €3,330 | ▲ 35.8% |
| Non-recurring financial income76B | - | - | - | - | €4,877 | - |
| Financial charges65/66B | - | €6,494 | €4,774 | €1,279 | €1,224 | ▼ 4.3% |
| Recurring financial charges65 | €3,574 | €6,494 | €4,774 | €1,279 | €1,224 | ▼ 4.3% |
| Profit (loss) for the period before taxes9903 | €5,458 | €6,004 | €49,638 | €6,468 | €8,862 | ▲ 37.0% |
| Income taxes67/77 | €1,391 | €2,653 | €11,498 | €5,018 | €2,720 | ▼ 45.8% |
| Profit (loss) for the period9904 | €4,067 | €3,351 | €38,141 | €1,450 | €6,142 | ▲ 324% |
| Profit (loss) for the period to be appropriated9905 | €4,067 | €3,351 | €38,141 | €1,450 | €6,142 | ▲ 324% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137,412 | €274,692 | €151,857 | €125,659 | €78,465 | ▼ 37.6% |
| Fixed assets21/28 | €104,970 | €75,090 | €13,439 | €24,624 | €3,113 | ▼ 87.4% |
| Tangible fixed assets22/27 | €99,970 | €68,590 | €6,939 | €23,124 | €1,613 | ▼ 93.0% |
| Plant, machinery and equipment23 | - | - | €791 | €430 | €69 | ▼ 83.9% |
| Furniture and vehicles24 | - | €1,859 | €6,148 | €22,693 | €1,544 | ▼ 93.2% |
| Leasing and similar rights25 | - | €66,731 | - | - | - | - |
| Financial fixed assets28 | €5,000 | €6,500 | €6,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €32,443 | €199,602 | €138,418 | €101,036 | €75,352 | ▼ 25.4% |
| Amounts receivable within one year40/41 | €25,208 | €183,175 | €121,054 | €86,159 | €71,034 | ▼ 17.6% |
| Trade receivables40 | - | €129,901 | €79,898 | €29,167 | - | - |
| Other amounts receivable41 | - | €53,274 | €41,156 | €56,992 | €71,034 | ▲ 24.6% |
| Cash at bank and in hand54/58 | €7,235 | €16,427 | €17,364 | €14,877 | €4,318 | ▼ 71.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137,412 | €274,692 | €151,857 | €125,659 | €78,465 | ▼ 37.6% |
| Equity10/15 | €19,297 | €22,648 | €60,788 | €62,238 | €68,380 | ▲ 9.9% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €142 | €142 | €142 | €142 | €142 | = |
| Non-distributable reserves130/1 | - | €142 | - | - | - | - |
| Reserves not available under the articles1311 | - | €142 | - | - | - | - |
| Distributable reserves133 | - | - | €142 | €142 | €142 | = |
| Profit (loss) carried forward14 | €6,755 | €10,106 | €48,247 | €49,697 | €55,838 | ▲ 12.4% |
| Amounts payable17/49 | €118,115 | €252,044 | €91,069 | €63,421 | €10,085 | ▼ 84.1% |
| Amounts payable after more than one year17 | €56,586 | €39,321 | €10,838 | €6,720 | - | - |
| Financial debts170/4 | - | €39,321 | €10,838 | €6,720 | - | - |
| Amounts payable within one year42/48 | €61,529 | €212,723 | €80,231 | €56,701 | €10,085 | ▼ 82.2% |
| Current portion of amounts payable after more than one year42 | - | €42,959 | €3,850 | €4,118 | - | - |
| Trade debts44 | €15,259 | €83,714 | €52,616 | €34,470 | €750 | ▼ 97.8% |
| Suppliers440/4 | - | €83,714 | €52,616 | €34,470 | €750 | ▼ 97.8% |
| Advances received on contracts in progress46 | - | €54,546 | €605 | €605 | €605 | = |
| Taxes, remuneration and social security45 | - | €31,503 | €23,159 | €17,507 | €8,730 | ▼ 50.1% |
| Taxes450/3 | - | €21,386 | €22,891 | €17,507 | €8,730 | ▼ 50.1% |
| Remuneration and social security454/9 | - | €10,118 | €268 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,067 | €3,351 | €38,141 | €1,450 | €6,142 | ▲ 324% |
| + Depreciation and write-downs630 | €28,912 | €31,380 | €2,644 | €5,747 | €1,387 | ▼ 75.9% |
| Operating cash flow (approximation) | €32,979 | €34,730 | €40,784 | €7,197 | €7,529 | ▲ 4.6% |
| Investment in fixed assets (approximation) | - | -€1,500 | €59,007 | -€16,931 | €20,123 | ▲ 219% |
| Change in cash | - | €9,192 | €937 | -€2,487 | -€10,559 | ▼ 324% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 140 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 7.47
Current ratio from 1.78 to 7.47; short-term debt falls from €56,701 to €10,085.
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 120 days late
2023
31-12
Financial
Weakest financial yearnet €1,450 ▼96.2%
Net result drops to €1,450, the lowest in the series; recovery starts the following year.
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 120 days late
2022
31-12
Financial
Highest result since 2019net €38,141 ▲1,038%
Operating result €51,157, net result €38,141, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 116 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Wetteren · 1 establishment unit since 2018
Ground area
75 m²
Building footprint
98 m²
Volume, LiDAR
654 m³
Parcel 42302E0799/00R000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HANLOG
since 20182.281.063.084
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302E0799/00R000 | Flanders | 75 m² | 1 · 98 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,725 companies in sector 52210 we hold annual accounts for 774. 551 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52210Service activities incidental to land transportation
52249Warehousing and support activities for transportation
52250Logistics services
52260Warehousing and support activities for transportation
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0707557986
Also
9925:BE0707557986
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.