Equity
€8.9m from €19.5m in 2017
Equity fell by 54% in 8 years.
HGC Hanos
Lifetime
17 annual accounts with figures on one time axis, 46 filings since 1978peak €109.1m (2025)
€109.1m▲ 5.0%
lowest -€2.6m (2009)
€3.7m▲ 0.5%
peak €19.5m (2017)
€8.9m▲ 7.9%
€13.0m▼ 2.2%
peak 267.5 FTE (2024)
260.2 FTE▼ 2.7%
Board6 names since 2019
2 directorsMARTIN Olivier Julien and 1 other
Owners5 names in the annual accounts
Documentsfilings and deeds
23-06-202635 days before the deadline
2025financial year
Permanent representatives: De Graaf Wouter and Hoezen Wilfred 03-06Dividend €3.0m
Key points
from the 2025 annual accountsChecked score
95
Excellent
Financially stronger than 63% of large companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 133 companies (NACE 46, large).
About 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 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points 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 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.3 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
3 establishment units
lowers risk
Founded in 1976
Profit of €3.7m (financial year 2025)
Size: turnover €109.1m, 260.2 FTE, total assets €21.9m
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, large). It does better than 52% of them on solvency, 50% on liquidity, 85% on profitability and 66% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 28-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 321 companies had the same profile as HGC Hanos has now. Each dot is one company, two years later.
97.5%
were still trading
2.5%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of HGC Hanos itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 321 companies, not a prediction for HGC Hanos. 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.
Credit verdict
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.36 (1.26 in 2024), below the usual 1.5. Short-term debt is 59.3% and cash 10.1% of total assets. 59.3% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 28-12-2025 was due by 28-07-2026 and was filed on 23-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
39 days early
2023
47 days early
2023
25 days early
2022
21 days early
2021
27 days early
2019
19 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 30 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 (1)
Board and ownership
AB
Admidex B.V. naar Nederlands recht
Director, since 12-01-2024
- Admidex B.V. naar Nederlands recht 100%annual accounts 28-12-2025
Recent changes
Reappointment: HLB Dodémont - Van Impe & C° (statutory auditor)
Permanent representative: Patrick Van Impe · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Het reliëf van de bodem aanmerkelijk wijzigen · Wommelgem
Permanent representatives: De Graaf Wouter and Hoezen Wilfred
Gazette deed
2 directors appointed, 1 resignation
Resignation: KROES Frederik · Appointments: Admidex B.V. (director) and MARTIN Olivier Julien (director) · Permanent representative: de Graaf Wouter · General meeting of 12-01-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HGC Hanos Wommelgem | €109.1m | 4.5% | 40.7% | 260.2 |
| Kaasimport Jan Dupont Bruges | €113.7m | -14.1% | -23.3% | 161.2 |
| BIOFRESH BELGIUM Gavere | €112.3m | 2.6% | 60.1% | 139.2 |
| Biscuit International Belgium (GHI) Ath | €50.1m | -11.6% | -88.6% | 151.4 |
| Bidfood Horeca Service Beringen | €66.6m | 4.2% | 37.0% | 127.6 |
| Ranson Harelbeke | €218.0m | 0.6% | 29.1% | 236.1 |
| BRUYERRE Charleroi | €205.6m | 4.2% | 60.6% | 327.6 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as HGC Hanos: wholesale of other food products (NACE 46389). They are comparable in size and age: total assets between €12m and €90m, founded between 1960 and 1993.
Official details
Source: KBO- Status
- Active since 13-07-1976Normal situation
- Activity
- Wholesale of other food productsNACE 46389and 4 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 28-12-2025
- Establishment units
- 2.012.978.8402160 Wommelgem, since 01-08-1976
- 2.132.786.7083500 Hasselt, since 21-08-2003and 1 other
- Financial year end
- 28 December
- Peppol
- Reachable since 21-06-2019
Annual accounts to 28-12-2025
- €21.9m▲ 1.6%
- Employeeson 28-12-2025
- 283▼ 3.7%
- Filing
- Filed on 23-06-2026, 35 days before the end of the filing period
Insights on HGC Hanos
HGC Hanos has existed since 1976. Turnover grew from €12.7m in 2006 to €109.1m in 2025 and staff from 37.4 to 260.2 full-time equivalents.
Admidex B.V. naar Nederlands recht holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HGC Hanos
- What is the company number of HGC Hanos?
- The company number of HGC Hanos is 0416.635.388. The VAT number is the same number with BE in front: BE 0416.635.388.
- Where is HGC Hanos based?
- The registered office is at Nijverheidsstraat 54, 2160 Wommelgem.Company details
- What does HGC Hanos do?
- According to the KBO register, the main activity is wholesale of other food products (NACE 46389).
- What is the legal form of HGC Hanos?
- HGC Hanos is a private limited company (BV).
- When was HGC Hanos founded?
- HGC Hanos was founded on 13-07-1976.
- Is HGC Hanos still active?
- Yes, HGC Hanos is an active enterprise in the KBO register.
- How many employees does HGC Hanos have?
- HGC Hanos had an average of 260.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HGC Hanos fall under?
- In its 28-12-2025 annual accounts, HGC Hanos states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of HGC Hanos?
- The turnover of HGC Hanos was €109.1m in financial year 2025, according to the filed annual accounts.
- Is HGC Hanos profitable?
- In financial year 2025, HGC Hanos made a profit of €3.7m.
- Where can I find the annual accounts of HGC Hanos?
- HGC Hanos filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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