H Logistics
Open bankruptcyA bankruptcy procedure is open for H Logistics according to publications in the Belgian State Gazette; curator: ANTHONY HOUTHOOFD.
Summary
The file additionally contains 3 judicial reorganisation notices. The 2025 annual accounts show equity of €13k and a net result of €-10k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-10k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4654 sector peers (2025).
NBB · sector comparisonPosition among 4654 sector peers
Solvency
better than 18%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
31 d late
2023
67 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€541k
EBIT margin
0.1%
Net result
€-10k▼ 97.2%
2024 · €-5k
2023: €23khighest in 3 years
2024: €-5k▼ -121% vs 2023
2025: €-10k▼ -97.2% vs 2024lowest in 3 years
2023 → 2025
Working capital
€-92k▼ 87.1%
2024 · €-49k
2023: €-9khighest in 3 years
2024: €-49k▼ -456% vs 2023
2025: €-92k▼ -87.1% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€541k
Equity€27k-€22k▼ 18.0%€13k▼ 43.4%
2023: €27khighest in 3 years
2024: €22k▼ -18.0% vs 2023
2025: €13k▼ -43.4% vs 2024lowest in 3 years
Operating result€31k-€-334€783
2023: €31khighest in 3 years
2024: €-334▼ -101% vs 2023lowest in 3 years
2025: €783▲ +334% vs 2024
Net result€23k-€-5k€-10k▼ 97.2%
2023: €23khighest in 3 years
2024: €-5k▼ -121% vs 2023
2025: €-10k▼ -97.2% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €783 after a loss of €334 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €295k
Fixed assets
€129k ▲ 41.4%
Current assets
€166k ▲ 85.4%
Equity and liabilities €295k
Equity
€13k ▼ 43.4%
Debt
€283k ▲ 78.1%
Debt's share of the balance-sheet total rises from 87.7% to 95.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€55k▲
2024 · €29k
Cash flow
€44k▲
2024 · €25k
Current ratio
0.64▼
2024 · 0.64
Debt to equity
22.54▲
2024 · 7.16
ROE
-76.7%▼
2024 · -22.0%
ROA
-3.3%▼
2024 · -2.7%
Interest coverage
5.27▼
2024 · 7.59
Debt ≤ 1 year
€259k▲
2024 · €139k
Debt > 1 year
€24k▲
2024 · €20k
Income taxes
€68▼
2024 · €704
Staff costs
€177k▲
2024 · €153k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€181k€295k▲
Fixed assets21/28€91k€129k▲
Tangible fixed assets22/27€81k€119k▲
Plant, machinery and equipment23€928€309▼
Furniture and vehicles24€28k€22k▼
Leasing and similar rights25€52k€96k▲
Financial fixed assets28€10k€10k=
Current assets29/58€90k€166k▲
Amounts receivable within one year40/41€86k€149k▲
Trade receivables40€86k€78k▼
Other amounts receivable41-€72k
Current investments50/53-€5k
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1-€8k
Equity and liabilities
Total equity and liabilities10/49€181k€295k▲
Equity10/15€22k€13k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€18k€9k▼
Amounts payable17/49€159k€283k▲
Amounts payable after more than one year17€20k€24k▲
Financial debts170/4€20k€24k▲
Amounts payable within one year42/48€139k€259k▲
Current portion of amounts payable after more than one year42€26k€64k▲
Trade debts44€8k€88k▲
Suppliers440/4€8k€88k▲
Taxes, remuneration and social security45€105k€107k▲
Taxes450/3€63k€56k▼
Remuneration and social security454/9€42k€51k▲
Income statement
Code20242025
Turnover70-€541k
Goods, raw materials, services and sundry goods60/61-€294k
Remuneration, social security and pensions62€153k€177k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€54k▲
Other operating charges640/8€5k€25k▲
Non-recurring operating charges66A€65-
Gross operating margin9900€187k€257k▲
Operating profit (loss)9901€-334€783▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€4k€10k▲
Recurring financial charges65€4k€10k▲
Profit (loss) for the period before taxes9903€-4k€-10k▼
Income taxes67/77€704€68▼
Profit (loss) for the period9904€-5k€-10k▼
Profit (loss) for the period to be appropriated9905€-5k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€9k▼
Profit (loss) brought forward from the previous period14P€23k€18k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | - | - | €541k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €294k | - |
| Remuneration, social security and pensions62 | €4k | €153k | €177k | ▲ 16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €30k | €54k | ▲ 82.2% |
| Other operating charges640/8 | €101 | €5k | €25k | ▲ 418% |
| Non-recurring operating charges66A | - | €65 | - | - |
| Gross operating margin9900 | €39k | €187k | €257k | ▲ 37.5% |
| Operating profit (loss)9901 | €31k | €-334 | €783 | ▲ 334% |
| Financial income75/76B | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | - | - |
| Non-recurring financial income76B | €0 | - | - | - |
| Financial charges65/66B | €31 | €4k | €10k | ▲ 169% |
| Recurring financial charges65 | €31 | €4k | €10k | ▲ 169% |
| Profit (loss) for the period before taxes9903 | €31k | €-4k | €-10k | ▼ 129% |
| Income taxes67/77 | €8k | €704 | €68 | ▼ 90.4% |
| Profit (loss) for the period9904 | €23k | €-5k | €-10k | ▼ 97.2% |
| Profit (loss) for the period to be appropriated9905 | €23k | €-5k | €-10k | ▼ 97.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €62k | €181k | €295k | ▲ 63.2% |
| Fixed assets21/28 | €36k | €91k | €129k | ▲ 41.4% |
| Tangible fixed assets22/27 | €27k | €81k | €119k | ▲ 46.5% |
| Plant, machinery and equipment23 | €2k | €928 | €309 | ▼ 66.7% |
| Furniture and vehicles24 | €25k | €28k | €22k | ▼ 20.2% |
| Leasing and similar rights25 | - | €52k | €96k | ▲ 84.6% |
| Financial fixed assets28 | €9k | €10k | €10k | = |
| Current assets29/58 | €26k | €90k | €166k | ▲ 85.4% |
| Amounts receivable within one year40/41 | €16k | €86k | €149k | ▲ 72.9% |
| Trade receivables40 | €16k | €86k | €78k | ▼ 10.2% |
| Other amounts receivable41 | - | - | €72k | - |
| Current investments50/53 | - | - | €5k | - |
| Cash at bank and in hand54/58 | €10k | €3k | €4k | ▲ 15.0% |
| Deferred charges and accrued income490/1 | - | - | €8k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €62k | €181k | €295k | ▲ 63.2% |
| Equity10/15 | €27k | €22k | €13k | ▼ 43.4% |
| Contributions10/11 | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €23k | €18k | €9k | ▼ 53.0% |
| Amounts payable17/49 | €35k | €159k | €283k | ▲ 78.1% |
| Amounts payable after more than one year17 | - | €20k | €24k | ▲ 22.2% |
| Financial debts170/4 | - | €20k | €24k | ▲ 22.2% |
| Amounts payable within one year42/48 | €35k | €139k | €259k | ▲ 86.0% |
| Current portion of amounts payable after more than one year42 | - | €26k | €64k | ▲ 151% |
| Trade debts44 | €23k | €8k | €88k | ▲ 937% |
| Suppliers440/4 | €23k | €8k | €88k | ▲ 937% |
| Taxes, remuneration and social security45 | €12k | €105k | €107k | ▲ 1.7% |
| Taxes450/3 | €10k | €63k | €56k | ▼ 11.6% |
| Remuneration and social security454/9 | €2k | €42k | €51k | ▲ 21.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €-5k | €-10k | ▼ 97.2% |
| + Depreciation and write-downs630 | €4k | €30k | €54k | ▲ 82.2% |
| Operating cash flow (approximation) | €28k | €25k | €44k | ▲ 79.2% |
| Investment in fixed assets (approximation) | - | €-85k | €-92k | ▼ 8.0% |
| Change in cash | - | €-7k | €499 | ▲ 108% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
11-05
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · event 27-04-2026
20-02
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement (SME) · event 16-02-2026
17-02
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 10-02-2026
2025
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
16-12
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement (SME) · event 09-12-2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wemmel · 1 establishment unit since 2023
Ground area
71 m²
Building footprint
71 m²
Volume, LiDAR
445 m³
Parcel 22662B0282/00E000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
H Logistics
since 20232.348.702.669
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0282/00E000 | Flanders | 71 m² | 1 · 71 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANTHONY HOUTHOOFD ERNEST ALLARDSTRAAT 45,
1000 BRUSSEL 1 |
10-02-2026 → present |
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 4,253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
Scores and ratios are computed by Checked and are not a credit decision.