HARGO LOGISTICS
ActiveHARGO LOGISTICS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.89M and a net result of €1.00M. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 712 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency76▲+37
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.18 in 2024), but 60.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 52
Relative position
BE, all sectors
reference
Sector 52
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
39.9%
Return on assets
21.2%
Age of the figures
8 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
7 d early
2023
2 d early
2022
5 d early
2021
3 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.89M▲ 101%
2024 · €941k
2018: €331k
2019: €337k
2020: €347k
2021: €363k
2022: €393k
2023: €453k
2024: €941k
2018 → 2025
Total assets
€4.73M▲ 20.4%
2024 · €3.93M
2018: €2.41M
2019: €4.01M
2020: €2.70M
2021: €3.23M
2022: €4.28M
2023: €3.84M
2024: €3.93M
2018 → 2025
Net result
€1.00M▲ 105%
2024 · €487k
2018: €17k
2019: €6k
2020: €10k
2021: €17k
2022: €29k
2023: €60k
2024: €487k
2018 → 2025
Working capital
€1.35M▲ 193%
2024 · €460k
2018: €102k
2019: €79k
2020: €78k
2021: €95k
2022: €104k
2023: €154k
2024: €460k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€363k-€393k▲ 8.1%€453k▲ 15.4%€941k▲ 108%€1.89M▲ 101%
Operating result€37k-€83k▲ 121%€142k▲ 71.0%€649k▲ 358%€1.44M▲ 122%
Net result€17k-€29k▲ 74.9%€60k▲ 105%€487k▲ 708%€1.00M▲ 105%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 122% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.73M
Fixed assets
€1.31M▲ 41.9%
Current assets
€3.42M▲ 13.7%
Equity and liabilities €4.73M
Equity
€1.89M▲ 101%
Debt
€2.84M▼ 4.9%
The debt ratio falls from 76.1% to 60.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.73M▲
2024 · €950k
Cash flow
€1.29M▲
2024 · €789k
Solvency
39.9%▲
2024 · 23.9%
Current ratio
1.65▲
2024 · 1.18
Quick ratio
1.65▲
2024 · 1.18
Debt / equity
1.51▼
2024 · 3.18
ROE
53.1%▲
2024 · 51.8%
ROA
21.2%▲
2024 · 12.4%
Interest coverage
26.89▲
2024 · 15.63
Debt
€2.84M▼
2024 · €2.99M
Debt ≤ 1 year
€2.07M▼
2024 · €2.55M
Debt > 1 year
€637k▲
2024 · €444k
Income taxes
€378k▲
2024 · €110k
Staff costs
€1.48M▲
2024 · €1.32M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.93M€4.73M▲
Fixed assets21/28€926k€1.31M▲
Tangible fixed assets22/27€880k€1.27M▲
Plant, machinery and equipment23€324k€397k▲
Furniture and vehicles24€212k€137k▼
Other tangible fixed assets26€61k€104k▲
Assets under construction and advance payments27€283k€633k▲
Financial fixed assets28€46k€43k▼
Current assets29/58€3.00M€3.42M▲
Amounts receivable within one year40/41€2.62M€2.34M▼
Trade receivables40€2.46M€2.25M▼
Other amounts receivable41€152k€90k▼
Cash at bank and in hand54/58€288k€974k▲
Deferred charges and accrued income490/1€100k€104k▲
Equity and liabilities
Total equity and liabilities10/49€3.93M€4.73M▲
Equity10/15€941k€1.89M▲
Contributions10/11€26k€26k=
Reserves13€3k€908k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132-€905k
Profit (loss) carried forward14€912k€953k▲
Amounts payable17/49€2.99M€2.84M▼
Amounts payable after more than one year17€444k€637k▲
Financial debts170/4€444k€637k▲
Amounts payable within one year42/48€2.55M€2.07M▼
Current portion of amounts payable after more than one year42€613k€669k▲
Financial debts43€300k€300k=
Credit institutions430/8€300k€300k=
Trade debts44€558k€671k▲
Suppliers440/4€558k€671k▲
Taxes, remuneration and social security45€140k€206k▲
Taxes450/3€11k€58k▲
Remuneration and social security454/9€129k€148k▲
Other amounts payable47/48€934k€226k▼
Accrued charges and deferred income492/3€1k€136k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.32M€1.48M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€301k€293k▼
Other operating charges640/8€28k€25k▼
Gross operating margin9900€2.29M€3.24M▲
Operating profit (loss)9901€649k€1.44M▲
Financial income75/76B€28k€10k▼
Recurring financial income75€1k€73▼
Non-recurring financial income76B€27k€10k▼
Financial charges65/66B€80k€72k▼
Recurring financial charges65€61k€64k▲
Non-recurring financial charges66B€19k€8k▼
Profit (loss) for the period before taxes9903€597k€1.38M▲
Income taxes67/77€110k€378k▲
Profit (loss) for the period9904€487k€1.00M▲
Transfer to tax-exempt reserves689-€674k
Profit (loss) for the period to be appropriated9905€487k€328k▼
Appropriation of the result
Profit (loss) to be appropriated9906€912k€953k▲
Profit (loss) brought forward from the previous period14P€425k€626k▲
Social balance
Average headcount (FTE)9087-18.5
The notes to these accounts (14 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €1.00M ▲105%
Operating result €1.44M, net result €1.00M, both a record.
31-12
Financial
Equity above €1MEq €1.89M ▲101%
8 profitable years in a row build equity to €1.89M.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €941k ▲108%
7 profitable years in a row build equity to €941k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €6k ▼63.7%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 62 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
26-07
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.
Directors · office · real estate
Directors
8 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 2000
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.
Scheldelaan 82030 AntwerpenGround area
8.5 ha
Building footprint
3.9 ha
Volume, LiDAR
433,949 m³
2 parcels, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HARGO LOGISTICS
since 20002.099.800.075
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11814A0436/00W000 | Flanders | 7.5 ha | 1 · 3.8 ha | 15.7 m · 4 fl. |
| 11814A0453/00R000 | Flanders | 1.0 ha | 1 · 956 m² | 9.1 m · 2 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
2022 to 2025 · 4 entries · 10,598 EUR awarded · 10,402 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,752 EUR | 2,556 EUR |
| 2024 | 1 | 3,305 EUR | 3,600 EUR |
| 2023 | 1 | 3,463 EUR | 3,168 EUR |
| 2022 | 1 | 1,078 EUR | 1,078 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.099.800.075
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Of 1,029 companies in sector 52100 we hold annual accounts for 762. 502 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-1999
Fiscal year end31-12
Activities, NACEBEL
52100Warehousing and storage
52250Logistics services
52290Warehousing and support activities for transportation
63122
63406
52249Warehousing and support activities for transportation
63112
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.