HAPPY TRUCKS · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of HAPPY TRUCKS is 0.9% (low). The 2023 annual accounts show equity of €109k and a net result of €28k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 83% of 3026 sector peers (fiscal year 2023). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 83% of 3026 peers (2023). A comfortable equity buffer.

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 394 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Latest accounts filed on time

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-07-2024, 2 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	29-07-2024	2 d early	2024-00297143
31-12-2021	31-07-2022	20-09-2022	51 d late	2022-20432883
31-12-2020	31-07-2021	27-08-2021	27 d late	2021-56600200
31-12-2018	31-07-2019	28-08-2019	28 d late	2019-60800518
31-12-2017	31-07-2018	08-08-2018	8 d late	2018-44600103
31-12-2016	31-07-2017	17-08-2017	17 d late	2017-45200268
31-12-2015	31-07-2016	24-08-2016	24 d late	2016-48300567
31-12-2014	31-07-2015	17-08-2015	17 d late	2015-44300392
31-12-2013	31-07-2014	29-08-2014	29 d late	2014-55200126
31-12-2012	31-07-2013	18-09-2013	49 d late	2013-58500442

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2010, 15 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.9% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Higher-failure-rate sector +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€28k

Working capital€109k+6.6%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 29-07-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~6%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	69.6%	25.2%	better than 83% of 3026 sector peers
Net result	€28k	€4k	better than 78% of 3016 sector peers
Equity	€109k	€20k	better than 83% of 3037 sector peers
Gross operating margin	€33k	€18k	better than 62% of 3006 sector peers
Total assets	€156k	€102k	better than 62% of 3026 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P83

Stable position over 2020-2023 · n=977-3026

Net result P78

Stable position over 2020-2023 · n=974-3016

Equity P83

Stable position over 2020-2023 · n=981-3037

Gross operating margin P62

Stable position over 2020-2023 · n=972-3006

Describes the position versus peers, not a forecast.

EBITDA

€47k

- 18-23

Net profit

€28k

- 18-23

Cash flow

€56k

- 18-23

Total assets

€156k

+7.3% 18-23

Equity

€109k

+6.6% 18-23

Working capital

€109k

+6.6% 18-23

Income taxes

€4k

-10.2% 18-23

Debt

€47k

+9.1% 18-23

Show 7 other metrics

Debt ≤ 1y

€47k

+9.1% 18-23

Current ratio

3.29

-1.6% 18-23

Quick ratio

1.92

+3.8% 18-23

Solvency

69.6%

-0.7% 18-23

Debt / equity

0.44

+2.4% 18-23

ROE

25.9%

- 18-23

ROA

18.0%

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€28k
Cash flow	-
Staff costs	-
Income taxes	€4k
Dividends	-
Total assets	€156k
Equity	€109k
Debt	€47k
of which ≤ 1y	€47k
of which > 1y	-
Working capital	€109k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	3.29
Quick ratio	1.92
Working capital ratio	69.6%
Solvency	69.6%
Debt / equity	0.44
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	18.0%
ROE	25.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Equity & liabilities

Equity €109k · 69.6% Debt €47k · 30.4%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€156k
Current assets	29/58	€156k
Stocks & contracts in progress	3	€65k
Amounts receivable within one year	40/41	€89k
Cash & bank	54/58	€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€156k
Equity	10/15	€109k
Contributions / capital	10/11	€6k
Reserves	13	€2k
Accumulated profits (losses)	14	€101k
Amounts payable	17/49	€47k
Amounts payable within one year	42/48	€47k
Trade debts payable within one year	44	€14k
Income statement
Gross operating margin	9900	€33k
Operating result	9901	€33k
Financial income	75	€895
Financial charges	65	€1k
Result before taxes	9903	€32k
Income taxes	67/77	€4k
Net result for the period	9904	€28k
Result to be appropriated	9905	€28k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

93 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

1 location

Happy Trucks

Rue du Centre 3, 4990 LierneuxGroothandel in andere motorvoertuigen (> 3,5 ton)

since 20102.198.017.129

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area2,382 m²

Buildings2

Building footprint113 m²

Volume (LiDAR)875 m³

Tallest building10.1 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
63045E0150/00Y000	Wallonia	1,882 m²	1 · 60 m²	8.0 m · 2 fl.
62093C0147/00V003	Wallonia	499 m²	1 · 54 m²	10.1 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts

Address history · 1

24-02-2023

Registered-office move

All acts · 2 updated 2 years ago

2024

05-01-2024 Articles of association amended, translation of the articles, coordination of the articles and full restatement of the articles Statutes amendment·Pierre JOISTEN

Summary: La société conserve son objet social, qui consiste dans le commerce de gros en importation et exportation de camions, tracteurs routiers, camionnettes, véhicules automobiles tous terrains, matériels d…Notary: Pierre JOISTEN · Lierneux

Original publication ↗

2023

24-02-2023 Registered office moved from GRIVEGNEE to SAINT-NICOLAS Registered-office change