Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Shrinking team NBB
FTE fell two years in a row, from 33.6 to 18.5.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
HARGO LOGISTICS from Antwerpen, company number BE0468835048, closed financial year 2025 with a result of € 1 million after tax. For that financial year HARGO LOGISTICS recorded a gross margin of € 3.2 million and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 432,466 to € 1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 1.9 million
▲ 113% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1 million
▲ 131% vs 2024
Profit after tax over the fiscal year.
€ 974,266
▲ 238% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.9 million.
People and assets in 2025
18.5
▼ 10.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▲ 12% vs 2024
€ 79,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 137,061
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.6 million
▲ 18% vs 2024
€ 668,536 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 671,203
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 205,635
▲ 47% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,686,266 | € 1,939,157 | € 2,294,706 | € 3,235,046 | ▲ 41% |
| Profit after taxes | € 29,401 | € 60,350 | € 432,466 | € 1,001,117 | ▲ 131% |
| Equity | € 392,801 | € 453,150 | € 885,616 | € 1,886,733 | ▲ 113% |
| Total debts | € 3,883,931 | € 3,388,202 | € 3,044,929 | € 2,843,939 | ▼ 7% |
| Cash | € 134,643 | € 112,869 | € 287,967 | € 974,266 | ▲ 238% |
| Retained profit | € 367,101 | € 427,450 | € 859,916 | € 1,861,033 | ▲ 116% |
| Bank debt | € 1,439,560 | € 1,364,720 | € 1,356,878 | € 1,605,313 | ▲ 18% |
| Balance sheet total | € 4,276,731 | € 3,841,352 | € 3,930,545 | € 4,730,672 | ▲ 20% |
| Employees (FTE) | 35.6 | 33.6 | 28.9 | 18.5 | ▼ 10.4 |
Key figures of HARGO LOGISTICS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HARGO LOGISTICS?
What happened at HARGO LOGISTICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1 million (▲ 131% vs 2024). Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,401 profit in 2022 to € 1 million profit in 2025.
Paid € 635,436 in corporate taxes since 2022.
Best year ever: 2025, with € 1 million profit.
On average € 174,900 of value added per employee in 2025.
Management
The stake of VIJFDE HAVENDOK comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HARGO LOGISTICSBehind HARGO LOGISTICS are OLIFRA BV and MICLU BV. The shares are held by VIJFDE HAVENDOK (94%).
Directors
According to the 2025 annual accounts
Administrator-manager · represented by Magali BAEKELMANS
Also active at: JAHEMAX, VIJFDE HAVENDOK, ANTWERPNATIE, VEEMNATIE, Threadline Compression, THREADLINE BELGIUM
Administrator-manager · represented by Ludo MICHIELSEN
Also active at: JAHEMAX, VIJFDE HAVENDOK, ANTWERPNATIE, THREADLINE BELGIUM
Shareholders
94%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Scheldelaan 8 box D
2030 Antwerpen
Scheldelaan 8D
2030 Antwerpen
Active since 28 September 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0468.835.048
- VAT number
- BE 0468.835.048
- Registered office
- Scheldelaan 8 bus D, 2030 Antwerpen
- Names & denominations
- HARGO LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1999
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Overige activiteiten i.v.m. de organisatie van het vrachtvervoer
Logistieke diensten
Opslag
Overige opslag
Overige vervoerondersteunende activiteiten
Overige vrachtbehandeling, exclusief in zeehavens
Overige vrachtbehandeling