HANSWAL
ActiveSummary
HANSWAL has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30.9m and a net result of €11.6m. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 95% of 315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+20
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 45.54 against 16.46 in 2024; short-term debt: 1.9% and cash: 0.3% of total assets), and 2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
98%
Return on assets
36.7%
Age of the figures
9 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
77 d early
2023
23 d early
2022
54 d early
2021
37 d early
2020
12 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by equity in West Flanders, Employment activities sector#2 company by total assets in Wevelgem, Administrative and support services sector#4 oldest company in West Flanders, Employment activities sector
Equity
€30.9m▲ 61.3%
2024 · €19.1m
Total assets
€31.5m▲ 56.7%
2024 · €20.1m
Net result
€11.6m▲ 554%
2024 · €1.8m
Working capital
€26.0m▲ 82.7%
2024 · €14.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment activities, 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
Line20212022202320242025
Operating result€1.2m▲ 386%€1.5m▲ 27.0%€2.4m▲ 56.8%€1.9m▼ 20.1%€2.3m▲ 18.0%
Net result€1.0mabove the sector's middle half▲ 199%€1.3mabove the sector's middle half▲ 26.5%€2.2mabove the sector's middle half▲ 68.2%€1.8mabove the sector's middle half▼ 19.9%€11.6mabove the sector's middle half▲ 554%
Equity€19.2mabove the sector's middle half▲ 4.3%€20.4mabove the sector's middle half▲ 6.2%€18.8mabove the sector's middle half▼ 7.8%€19.1mabove the sector's middle half▲ 1.7%€30.9mabove the sector's middle half▲ 61.3%
Total assets€22.1mabove the sector's middle half▼ 2.4%€22.0mabove the sector's middle half▼ 0.6%€20.2mabove the sector's middle half▼ 8.1%€20.1mabove the sector's middle half▼ 0.5%€31.5mabove the sector's middle half▲ 56.7%
Debt€2.8m▼ 31.8%€1.5m▼ 46.4%€1.3m▼ 12.7%€919,996▼ 30.9%€584,176▼ 36.5%
Working capital€15.4m▼ 3.0%€15.7m▲ 2.0%€14.0m▼ 10.7%€14.2m▲ 1.7%€26.0m▲ 82.7%
Solvency86.9%above the sector's middle half▲ 5.6pp92.8%above the sector's middle half▲ 6.0pp93.1%above the sector's middle half▲ 0.3pp95.2%above the sector's middle half▲ 2.0pp98.0%above the sector's middle half▲ 2.8pp
Staff (FTE)8.6within the sector's middle half▲ 3.6%7.9within the sector's middle half▼ 8.1%8.8within the sector's middle half▲ 11.4%8.7within the sector's middle half▼ 1.1%9within the sector's middle half▲ 3.4%
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31.5m
Fixed assets
€4.9m ▼ 0.4%
Current assets
€26.6m ▲ 75.5%
Equity and liabilities €31.5m
Equity
€30.9m ▲ 61.3%
Provisions
€46,268 ▼ 7.2%
Debt
€584,176 ▼ 36.5%
Debt's share of the balance-sheet total falls from 4.6% to 1.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.4m▲
2024 · €2.0m
Cash flow
€11.6m▲
2024 · €1.8m
Current ratio
45.54▲
2024 · 16.46
Debt to equity
0.02▼
2024 · 0.05
ROE
37.5%▲
2024 · 9.2%
ROA
36.7%▲
2024 · 8.8%
Interest coverage
42.43▼
2024 · 2281.68
Debt ≤ 1 year
€583,418▼
2024 · €919,860
Income taxes
€680,788▲
2024 · €639,626
Staff costs
€804,529▲
2024 · €760,511
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 31,324 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €9,826 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €627,105 | €637,581 | €691,593 | €760,511 | €804,529 | ▲ 5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,796 | €35,405 | €49,129 | €59,224 | €71,735 | ▲ 21.1% |
| Other operating charges640/8 | €29,248 | €31,711 | €156,690 | €157,573 | €102,674 | ▼ 34.8% |
| Gross operating margin9900 | €1.9m | €2.3m | €3.3m | €2.9m | €3.3m | ▲ 12.0% |
| Operating profit (loss)9901 | €1.2m | €1.5m | €2.4m | €1.9m | €2.3m | ▲ 18.0% |
| Financial income75/76B | €211,128 | €183,463 | €428,447 | €466,340 | €10.0m | ▲ 2,048% |
| Recurring financial income75 | €211,128 | €183,463 | €428,447 | €466,340 | €10.0m | ▲ 2,048% |
| Financial charges65/66B | €19,074 | €11,287 | €4,634 | €877 | €55,677 | ▲ 6,252% |
| Recurring financial charges65 | €19,074 | €11,287 | €4,634 | €877 | €55,677 | ▲ 6,252% |
| Profit (loss) for the period before taxes9903 | €1.4m | €1.7m | €2.9m | €2.4m | €12.3m | ▲ 409% |
| Transfer from deferred taxes780 | €4,133 | €4,133 | €4,133 | €3,580 | €3,580 | = |
| Income taxes67/77 | €375,547 | €409,397 | €644,259 | €639,626 | €680,788 | ▲ 6.4% |
| Profit (loss) for the period9904 | €1.0m | €1.3m | €2.2m | €1.8m | €11.6m | ▲ 554% |
| Transfer from tax-exempt reserves789 | €160,188 | €277,188 | €544,188 | €10,741 | €145,461 | ▲ 1,254% |
| Transfer to tax-exempt reserves689 | - | €294,700 | €421,000 | €178,916 | €987,562 | ▲ 452% |
| Profit (loss) for the period to be appropriated9905 | €1.2m | €1.3m | €2.3m | €1.6m | €10.7m | ▲ 570% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22.1m | €22.0m | €20.2m | €20.1m | €31.5m | ▲ 56.7% |
| Fixed assets21/28 | €4.9m | €4.9m | €4.9m | €5.0m | €4.9m | ▼ 0.4% |
| Tangible fixed assets22/27 | €3.0m | €3.0m | €3.0m | €3.1m | €3.0m | ▼ 0.7% |
| Land and buildings22 | €2.9m | €2.9m | €2.9m | €2.9m | €2.9m | ▲ 0.1% |
| Plant, machinery and equipment23 | - | - | €2,848 | €2,163 | €1,478 | ▼ 31.7% |
| Furniture and vehicles24 | €21,860 | €97,851 | €71,052 | €173,985 | €150,865 | ▼ 13.3% |
| Financial fixed assets28 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Current assets29/58 | €17.3m | €17.1m | €15.3m | €15.1m | €26.6m | ▲ 75.5% |
| Amounts receivable after more than one year29 | €7.6m | €7.0m | €6.5m | €6.0m | €5.4m | ▼ 8.9% |
| Other amounts receivable291 | €7.6m | €7.0m | €6.5m | €6.0m | €5.4m | ▼ 8.9% |
| Amounts receivable within one year40/41 | €605,974 | €635,876 | €696,634 | €1.5m | €2.4m | ▲ 63.3% |
| Trade receivables40 | €92,790 | €33,391 | €164,999 | €265,235 | €677,075 | ▲ 155% |
| Other amounts receivable41 | €513,184 | €602,486 | €531,634 | €1.2m | €1.8m | ▲ 43.6% |
| Current investments50/53 | €5.1m | €9.3m | €7.9m | €7.4m | €18.4m | ▲ 149% |
| Cash at bank and in hand54/58 | €3.9m | €123,843 | €140,057 | €152,208 | €84,443 | ▼ 44.5% |
| Deferred charges and accrued income490/1 | €10,360 | €8,294 | €103,946 | €130,881 | €198,701 | ▲ 51.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22.1m | €22.0m | €20.2m | €20.1m | €31.5m | ▲ 56.7% |
| Equity10/15 | €19.2m | €20.4m | €18.8m | €19.1m | €30.9m | ▲ 61.3% |
| Contributions10/11 | €3.7m | €3.7m | €140,000 | €140,000 | €140,000 | = |
| Capital10 | €3.7m | €3.7m | €140,000 | €140,000 | €140,000 | = |
| Issued capital100 | €3.7m | €3.7m | €140,000 | €140,000 | €140,000 | = |
| Reserves13 | €15.5m | €16.7m | €18.7m | €19.0m | €30.7m | ▲ 61.8% |
| Non-distributable reserves130/1 | €241,156 | €241,156 | €14,000 | €14,000 | €14,000 | = |
| Legal reserve130 | €241,156 | €241,156 | €14,000 | €14,000 | €14,000 | = |
| Tax-exempt reserves132 | €3.2m | €3.2m | €3.1m | €3.3m | €4.2m | ▲ 27.9% |
| Distributable reserves133 | €12.0m | €13.2m | €15.6m | €15.7m | €26.5m | ▲ 68.9% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €60,037 | €55,904 | €53,429 | €49,849 | €46,268 | ▼ 7.2% |
| Deferred taxes168 | €60,037 | €55,904 | €53,429 | €49,849 | €46,268 | ▼ 7.2% |
| Amounts payable17/49 | €2.8m | €1.5m | €1.3m | €919,996 | €584,176 | ▼ 36.5% |
| Amounts payable after more than one year17 | €865,682 | €123,686 | €0 | - | - | - |
| Financial debts170/4 | €865,682 | €123,686 | €0 | - | - | - |
| Amounts payable within one year42/48 | €1.9m | €1.4m | €1.3m | €919,860 | €583,418 | ▼ 36.6% |
| Current portion of amounts payable after more than one year42 | €741,996 | €680,163 | €61,853 | €0 | - | - |
| Trade debts44 | €632,821 | €356,183 | €715,222 | €669,233 | €419,863 | ▼ 37.3% |
| Suppliers440/4 | €632,821 | €356,183 | €715,222 | €669,233 | €419,863 | ▼ 37.3% |
| Advances received on contracts in progress46 | €50,000 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €223,814 | €175,328 | €253,746 | €250,627 | €163,556 | ▼ 34.7% |
| Taxes450/3 | €92,987 | €45,322 | €104,536 | €94,197 | €11,442 | ▼ 87.9% |
| Remuneration and social security454/9 | €130,827 | €130,006 | €149,210 | €156,430 | €152,114 | ▼ 2.8% |
| Other amounts payable47/48 | €250,000 | €190,000 | €300,781 | €0 | - | - |
| Accrued charges and deferred income492/3 | €83,697 | €0 | €93 | €136 | €758 | ▲ 458% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | €1.3m | €2.2m | €1.8m | €11.6m | ▲ 554% |
| + Depreciation and write-downs630 | €67,796 | €35,405 | €49,129 | €59,224 | €71,735 | ▲ 21.1% |
| Operating cash flow (approximation) | €1.1m | €1.4m | €2.3m | €1.8m | €11.6m | ▲ 537% |
| Investment in fixed assets (approximation) | - | -€89,034 | -€11,705 | -€138,998 | -€49,637 | ▲ 64.3% |
| Change in cash | - | -€3.8m | €16,214 | €12,151 | -€67,765 | ▼ 658% |
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
Next filing, fiscal year 2026, expected by
2026
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €11.6m ▲554%
Net result €11.6m, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 45.54
Current ratio from 16.46 to 45.54; short-term debt falls from €919,860 to €583,418.
31-12
Financial
Equity above €25mEq €30.9m ▲61.3%
8 profitable years in a row build equity to €30.9m.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €347,977 ▼77.5%
Net result drops to €347,977, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 9.28
Current ratio from 4.11 to 9.28; short-term debt falls from €5.3m to €1.9m.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Wevelgem · 1 establishment unit since 1988
Ground area
3.2 ha
Building footprint
1.2 ha
Volume, LiDAR
860 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HANSWAL
since 19882.037.465.501
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34029B0478/00K000 | Flanders | 3.1 ha | 1 · 1.2 ha | 1.2 m |
| 34012D0129/00L006 | Flanders | 892 m² | 1 · 105 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of HANSWAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 7,586 EUR awarded · 7,586 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,198 EUR | 5,198 EUR |
| 2024 | 1 | 501 EUR | 501 EUR |
| 2023 | 1 | 1,887 EUR | 1,887 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
87550039VJUO60DHYX88
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 42 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-03-1988
Fiscal year end31-12
Activities, NACEBEL 2025
56220Contract catering and other food service activities
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433787265
Registered
05-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.