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Between 2006 and 2025, 56% of the full-time equivalents disappeared.
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Between 2006 and 2025, 56% of the full-time equivalents disappeared.
The last five annual accounts were filed 7 to 16 days before the end of the period.
Higher solvency than 89% of companies in land transport. Sector median 40.0% · 1,086 companies.
In July 2024, 31,368 companies had the same profile as HATRACO has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for HATRACO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| HATRACO Wingene | €1.2m | 7.5% | 84.4% | 8 |
| ALVAR Pittem | €1.1m | 3.6% | 11.7% | 7.8 |
| TRANSCAM-Seilles Namur | €1.0m | 7.8% | 26.2% | 5.7 |
| MASSIMO STIPULANTE Soumagne | €1.1m | 19.1% | 48.1% | 4.6 |
| OROTRA Wingene | €1.2m | 53.5% | 89.3% | 7.8 |
| WESTPAILLE Oudenburg | €1.8m | 4.3% | 61.6% | 4.8 |
| VIERSTRAETE VANROBAEYS TRADING Ichtegem | €2.0m | 1.2% | 42.6% | 5.5 |
Grey: the largest companies of the sector (land transport (NACE 49)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as HATRACO: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €1m and €2.6m, founded between 1993 and 2007.
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HATRACO has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €110,326.
Equity has been stable since 2018 (±1.2% per year). Its solvency ranks better than 90% of 1,086 sector peers (NACE 49, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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