HORECA LOGISTIC SERVICE
ActiveSummary
HORECA LOGISTIC SERVICE has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19.5m and a net result of €1.0m. Equity has been stable since 2018 (±1% per year). Its solvency ranks better than 58% of 6,172 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 01-07-1983 Normal situation
- Registered office
- 22 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Wholesale of beverages, general range NACE 46349and 1 other
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 119 Paritair Comité voor de handel in voedingswaren · annual accounts 2024
- Establishment unit
- 2.022.738.822 1740 Ternat, since 01-07-1983
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- BEVERAGES MANAGEMENT CONSULTANTSDirector · since 27-04-2023 · permanent representative HAELTERMAN Michel Albert Jacques Auguste
- SADIMATDirector · since 27-04-2023 · permanent representative HAELTERMAN Paul
- Auditor
- RSM INTERAUDIT
Shareholders
- Imported Premium Beverages NVconsolidatesannual accounts 2025
- Holdings
- Shares in 3 companies including HORECA LOGISTIC SERVICES WEST and PRADO - PRODUITS ALIMENTAIRES D'ORIGINE
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Turnover
- €68.4m
- ▲ 9.3%
- Profit
- €1.0m
- ▼ 9.7%
- Equity
- €19.5m
- ▲ 4.1%
- Total assets
- €37.4m
- ▲ 11.7%
- Employees on 31-12-2025
- 163
- ▼ 2.4%
Score breakdownlowers riskFounded in 1983Size: turnover €68.4m, 159.5 FTE, total assets €37.4mEquity €19.5m (52.1% of total assets)Legal form: public limited companyShow the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 59% of medium-sized companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency
77-4
equity 52.1% of total assets
Liquidity
44-10
short-term debt 39.9% · cash 10.2%
Profitability
61-1
return on assets 2.8%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Credit of up to €1,850,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.69 (1.81 in 2024), above the usual 1.5. Short-term debt is 39.9% and cash 10.2% of total assets. 47.9% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, medium-sized). It does better than 65% of them on solvency, 61% on liquidity, 49% on profitability and 63% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Five signals.
lowers riskneutral
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
38 days early
2023
42 days early
2022
39 days early
2021
39 days early
2020
24 days early
2019
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Positive: Largest employer in Ternat, Wholesale and retail trade sectorin the Checked rankings No. 1 View
- Positive: 5 years of growth in a rowturnover 2025: €68.4m 5 years View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Flemish supportawarded from 2023 to 2025 €222,189 View
Recent changes
- · Gazette deed Reappointment: RSM InterAudit (statutory auditor)
- · Gazette deed Capital & shares · Amendment of the articles · Resignations & appointmentsChanges of role: BEVERAGES MANAGEMENT CONSULTANTS (niet statutaire bestuurder) and SADIMAT (niet statutaire bestuurder) · Permanent representatives: HAELTERMAN Michel Albert Jacques Auguste and HAELTERMAN Paul
- · Gazette deed Appointment: RSM INTERAUDIT (statutory auditor)
Companies linked to HORECA LOGISTIC SERVICE
Comparable companies
These companies have the same main activity as HORECA LOGISTIC SERVICE: wholesale of beverages, general range (NACE 46349). They are comparable in size and age: total assets between €14m and €88m, founded between 1965 and 2005.
| Company | Total assets | Turnover |
|---|---|---|
| HORECA LOGISTIC SERVICE Ternat | €37.4m | €68.4m |
| Culligan Belgium Londerzeel | €73.2m | €45.1m |
| BRASSERIE VANUXEEM BROUWERIJ Comines-Warneton | €54.2m | €104.2m |
| SCHWEPPES SUNTORY BENELUX Hoeilaart | €87.5m | €141.6m |
| Brasserie Delsart Ramillies | €17.8m | €46.0m |
| Cofé-ô Services Namur | €14.2m | €22.8m |
| BRASSERIE MAZIERS Bouillon | €17.1m | €33.0m |
Key facts about HORECA LOGISTIC SERVICE
- What is the company number of HORECA LOGISTIC SERVICE?
- The company number of HORECA LOGISTIC SERVICE is 0424.179.218. The VAT number is the same number with BE in front: BE 0424.179.218.
- Where is HORECA LOGISTIC SERVICE based?
- The registered office is at Industrielaan 16-20, 1740 Ternat.Company details
- What does HORECA LOGISTIC SERVICE do?
- According to the KBO register, the main activity is wholesale of beverages, general range (NACE 46349).
- What is the legal form of HORECA LOGISTIC SERVICE?
- The legal form of HORECA LOGISTIC SERVICE is Public limited company (NV).
- When was HORECA LOGISTIC SERVICE founded?
- HORECA LOGISTIC SERVICE was founded on 01-07-1983.
- Is HORECA LOGISTIC SERVICE still active?
- Yes, HORECA LOGISTIC SERVICE is an active enterprise in the KBO register.
- How many employees does HORECA LOGISTIC SERVICE have?
- HORECA LOGISTIC SERVICE had an average of 159.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HORECA LOGISTIC SERVICE fall under?
- In its 2024 annual accounts, HORECA LOGISTIC SERVICE states joint committees 200 (Aanvullend Paritair Comité voor de bedienden) and 119 (Paritair Comité voor de handel in voedingswaren).
- What is the turnover of HORECA LOGISTIC SERVICE?
- The turnover of HORECA LOGISTIC SERVICE was €68.4m in financial year 2025, according to the filed annual accounts.
- Is HORECA LOGISTIC SERVICE profitable?
- In financial year 2025, HORECA LOGISTIC SERVICE made a profit of €1.0m.
- Where can I find the annual accounts of HORECA LOGISTIC SERVICE?
- HORECA LOGISTIC SERVICE filed 45 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HORECA LOGISTIC SERVICE due?
- HORECA LOGISTIC SERVICE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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