HCL LOGISTICS

Active

Public limited companyfounded 200719 yrs activeBedrijvenzone Machelen-Cargo 738/1, 1830 Machelen (Brab.), BelgiumKBO/BCE: BE 0886.045.312

Summary

The computed 12-month bankruptcy probability of HCL LOGISTICS is 2.7% (moderate). The 2025 annual accounts show equity of €33,066 and a net result of -€26,067. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 846 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

HCL LOGISTICSActiveChecked score 49/100

Risk analysis Report Compare

Activity

Warehousing and support activities for transportation

NACE 52230Logistics services NACE 52250NACE 52290

1 site

Size

€7.9mturnover 2025

Staff: 8.9 FTE
Equity: €33,066
Loss: -€26,067

Financial health

49 Fair Checked score 2025

Bankruptcy chance 12 m: 2.7%

Structure

Parent: ECUHOLD · 99.99%
Board: 1 member

Accounts 78 d early1 of 22 deeds read

Why 49- Equity €33,066 (2.0% of total assets)- 1 change of registered office in 24 months- Sector Warehousing and support activities for transportation (NACE 52)+ Founded in 2007Show the evidence

Checked score

Score 2025

49 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 16% of its sector peers (NACE 52, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 27-1

equity 2.0% of total assets

Liquidity 8-34

short-term debt 87.6% · cash 5.1%

Profitability 27-38

return on assets -1.6%

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (2,281 companies)

Last 24 months 11-2024: 0.7%lowest value 12-2024: 0.7%● 0.0% vs 11-2024lowest value 01-2025: 0.7%● 0.0% vs 12-2024lowest value 02-2025: 0.7%● 0.0% vs 01-2025lowest value 03-2025: 0.7%● 0.0% vs 02-2025lowest value 04-2025: 0.7%● 0.0% vs 03-2025lowest value 05-2025: 0.7%▲ +6.8% vs 04-2025 06-2025: 0.7%● 0.0% vs 05-2025 07-2025: 0.7%▲ +4.7% vs 06-2025 08-2025: 0.9%▲ +22.8% vs 07-2025 09-2025: 2.0%▲ +115% vs 08-2025 10-2025: 2.0%● 0.0% vs 09-2025 11-2025: 2.0%● 0.0% vs 10-2025 12-2025: 2.0%● 0.0% vs 11-2025 01-2026: 2.0%● 0.0% vs 12-2025 02-2026: 2.0%● 0.0% vs 01-2026 03-2026: 2.0%▲ +1.5% vs 02-2026 04-2026: 2.0%● 0.0% vs 03-2026 05-2026: 2.0%▲ +2.6% vs 04-2026 06-2026: 2.0%● 0.0% vs 05-2026 07-2026: 2.1%▲ +4.9% vs 06-2026 08-2026: 2.5%▲ +17.3% vs 07-2026 09-2026: 2.5%▼ -0.6% vs 08-2026 10-2026: 2.7%▲ +8.8% vs 09-2026highest value

Equity €33,066 (2.0% of total assets) raises the probability
1 change of registered office in 24 months raises the probability
Sector Warehousing and support activities for transportation (NACE 52) raises the probability
Founded in 2007 lowers the probability for this profile

Credit up to €1,500 at 30 days acceptable

Liquidity tight (current ratio 1.11 against 1.06 in 2024; short-term debt: 87.6% and cash: 5.1% of total assets), and 98% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 52, micro). Better than this share of them on solvency 14%, liquidity 7%, profitability 19%, growth against the median 25%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

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

−lowers risk+raises risk○neutral

Equity €33,066 (2.0% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Sector Warehousing and support activities for transportation (NACE 52)

In the bankruptcy model this factor raises the probability.

KBO

Founded in 2007

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 846 sector peers (2025).

NBB · sector comparison

Position among 846 sector peers

Solvency

better than 11%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-08-2025, 78 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

78 d early

2024

98 d early

2023

109 d early

2022

104 d early

2021

121 d early

2020

44 d early

2019

51 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 86 days before 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 (2)

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close04-10-2026 today31-10-2026 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

04-08-26 Resignation: Saleem Mohamed Nazir Mohamedhusein (non-statutory…Appointment: Stephen Dunn (non-statutory director)…
14-08-25 Annual accounts filedfiscal year 2025 · full…
25-07-24 Annual accounts filedfiscal year 2024 · full…

Key points

Caution: From profit to loss in 2025after €217,188 in 2024 -€26,067 View
Caution: Among the weakest 11% on equitysector median €1.6m · 838 companies €33,066 View
Caution: Board changedlatest change 15-05-2026 · 1 in office 1 joined · 1 left View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Controlled by ECUHOLDknown shareholders 100% 99.99% View