FH 23
ActiveThe computed 12-month bankruptcy probability of FH 23 is 1.8% (moderate). The 2025 annual accounts show equity of €19k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 93% of 800 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-25
Solvency100▲+19
Growth78=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 15.15 against 1.71 in 2024; short-term debt: 4.4% and cash: 2.2% of total assets), and 13.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.5%
Return on assets
46.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
21 d late
2024
33 d early
2023
31 d early
2022
28 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€19k▲ 118%
2024 · €9k
2022: €433
2023: €-2k
2024: €9k
2022 → 2025
Total assets
€22k▲ 40.9%
2024 · €16k
2022: €14k
2023: €13k
2024: €16k
2022 → 2025
Net result
€10k▼ 8.0%
2024 · €11k
2022: €-20k
2023: €-3k
2024: €11k
2022 → 2025
Working capital
€13k▲ 295%
2024 · €3k
2022: €-9k
2023: €-9k
2024: €3k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€433-€-2k€9k€19k▲ 118%
Operating result€-19k-€-1k▲ 93.0%€16k€382▼ 97.7%
Net result€-20k-€-3k▲ 85.4%€11k€10k▼ 8.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 98% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22k
Fixed assets
€7k▲ 2.2%
Current assets
€14k▲ 75.0%
Equity and liabilities €22k
Equity
€19k▲ 118%
Debt
€3k▼ 56.8%
The debt ratio falls from 44.0% to 13.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3k▼
2024 · €19k
Cash flow
€13k▼
2024 · €14k
Solvency
86.5%▲
2024 · 56.0%
Current ratio
15.15▲
2024 · 1.71
Quick ratio
11.91▲
2024 · 1.07
Debt / equity
0.16▼
2024 · 0.79
ROE
54.1%▼
2024 · 128.0%
ROA
46.8%▼
2024 · 71.6%
Interest coverage
0.57▼
2024 · 3.63
Debt
€3k▼
2024 · €7k
Debt ≤ 1 year
€952▼
2024 · €5k
Staff costs
€39k▲
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€16k€22k▲
Fixed assets21/28€7k€7k▲
Tangible fixed assets22/27€7k€7k▲
Plant, machinery and equipment23€7k€7k▲
Current assets29/58€8k€14k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€1k€11k▲
Trade receivables40€1k-
Other amounts receivable41-€11k
Cash at bank and in hand54/58€4k€472▼
Equity and liabilities
Total equity and liabilities10/49€16k€22k▲
Equity10/15€9k€19k▲
Contributions10/11€20k€20k=
Capital10€20k€20k=
Issued capital100€20k€20k=
Profit (loss) carried forward14€-11k€-1k▲
Amounts payable17/49€7k€3k▼
Amounts payable within one year42/48€5k€952▼
Trade debts44€4k-
Suppliers440/4€4k-
Taxes, remuneration and social security45€1k€952▼
Taxes450/3€1k€952▼
Other amounts payable47/48€26-
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Remuneration, social security and pensions62€27k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€392€524▲
Gross operating margin9900€47k€42k▼
Operating profit (loss)9901€16k€382▼
Financial income75/76B-€15k
Recurring financial income75-€294
Non-recurring financial income76B-€15k
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€11k€10k▼
Profit (loss) for the period9904€11k€10k▼
Profit (loss) for the period to be appropriated9905€11k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-1k▲
Profit (loss) brought forward from the previous period14P€-22k€-11k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial
Liquidity times 9current ratio 15.15
Current ratio from 1.71 to 15.15; short-term debt falls from €5k to €952.
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.71
Current ratio from 0.42 to 1.71; short-term debt falls from €16k to €5k.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Genk · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stalenstraat 833600 GenkGround area
175 m²
Building footprint
142 m²
Volume, LiDAR
1,130 m³
Parcel 71308A0902/00L002, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FH 23
since 20222.326.694.161
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71308A0902/00L002 | Flanders | 175 m² | 1 · 142 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteGenk2.326.694.161
Similar companies · same sector, comparable size
ELINAZ
BE 0801.105.083
Hasselt · Eq €19k
Cru'Taste
BE 0764.567.955
Tielt · Eq €19k
Bakkerij Mario Van Acker
BE 0700.797.977
Lochristi · Eq €20k
Le Parisien de Bruxelles
BE 1023.808.472
Anderlecht · Eq €18k
BOULANGERIE DU MOULIN D'ELLIGNIES
BE 0670.762.126
Beloeil · Eq €20k
Of 511 companies in sector 10711 we hold annual accounts for 329. 163 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-2022
Fiscal year end31-12
Activities, NACEBEL
10711Manufacture of food products
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.