Equity
-€184,111
Debts exceed assets in financial year 2025.
RESIDENCE FRERE HUGO
Lifetime
19 annual accounts with figures on one time axis, 38 filings since 1988peak €3.5m (2025)
€3.5m▲ 18.9%
lowest -€340,555 (2024)
-€70,189▲ €270,366
peak €2.0m (2011)
-€184,111▼ €70,189
€1.3m▲ 31.5%
peak 51.8 FTE (2025)
51.8 FTE▲ 4.9%
Board4 names since 2018
1 directorARGENSON GESTION FINANCE
Owners2 names in the annual accounts
Documentsfilings and deeds
13-08-202613 days late
2025financial year
Gross margin from €2.9m to €3.5mLoss of €70,189Equity from -€113,922 to -€184,111Debts from €1.0m to €1.3mCash from €194,600 to €381,219
Key points
from the 2025 annual accountsLosses
-€571,516 in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€1.3m 116% of the balance sheet
Financial debts 25%Suppliers 23%Taxes and wages 26%Other 26%
Of this, €1.3m falls due within a year.
Staff
67 employees on 31-12-2025
In 2025, 18 people joined and 16 left.
Filings
38 annual accounts since 1988
Five of the last ten came late. The 2023 accounts came latest: 31 days after the end of the period.
Position in the sector
-16.0%
Lower solvency than 90% of companies in residential care. Sector median 46.3% · 700 companies.
Checked score
53
Fair
Financially stronger than 12% of medium-sized companies in residential care (NACE 87)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 536 companies (NACE 87, medium-sized).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 1.1%▲ +0.8 percentage points vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.0%▼ -0.1 percentage points vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.1%▲ +0.1 percentage points vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.0%▼ -0.1 percentage points vs 04-2026
06-2026: 1.1%▲ +0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 1.2%● unchanged vs 07-2026
09-2026: 0.4%▼ -0.8 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€184,111
Loss of €70,189, the second in a row (financial year 2025)
lowers risk
Sector: Residential care activities (NACE 87)
Liquidity: current ratio 0.78, cash €381,219
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 87, medium-sized). It does better than 8% of them on solvency, 25% on liquidity, 10% on profitability and 4% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
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, 139 companies had the same profile as RESIDENCE FRERE HUGO has now. Each dot is one company, two years later.
95.7%
were still trading
2.2%
stopped another way
2.2%
went bankrupt
The bankruptcy probability of RESIDENCE FRERE HUGO itself is lower: 0.4% within 12 months. It rests on far more data about RESIDENCE FRERE HUGO than the profile alone.
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 139 companies, not a prediction for RESIDENCE FRERE HUGO. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.78 (0.75 in 2024), below 1. Short-term debt is 115.4% and cash 33.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€184,111
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
13 days late
2024
31 days late
2023
31 days late
2022
1 day early
2021
1 day late
2020
20 days late
2019
24 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 10 days after the deadline. In the sector (NACE 87), the median for financial year 2024 was 27 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ARGENSON GESTION FINANCE 100%score 94equity €21.5m (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0431916947
1 director appointed, 2 managers resigning
Resignations: a argef (director and manager) and Gerisco (director and manager) · Appointment: ARGENSON GESTION FINANCE (sole director) · Permanent representatives: jean-michel VOYER and Benjamin VOYER · Gazette deed
1 director appointed, 2 reappointments
Reappointments: SA ARGEF and SA GERISCO · Permanent representatives: Jean-Michel Voyer and Marie Christine Griveau · Appointment: Jean-Michel Voyer (managing director) · General meeting of 26-11-2018 · Gazette deed
First establishment
Rue de la Fenderie 15, Walcourt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RESIDENCE FRERE HUGO Walcourt | €1.1m | €3.5m | -16.0% | 51.8 |
| FINAC Liège | €1.6m | €3.4m | 4.3% | 50.4 |
| RESIDENTIE HOF TER LINDEN Evergem | €1.6m | €3.2m | 48.8% | 50.9 |
| RESIDENCE DE L'ORNE Mont-Saint-Guibert | €1.5m | €3.9m | 37.8% | 57 |
| Seniorie du Val Wanze | €0.8m | €3.0m | -113.7% | 50.5 |
| Bellefleur Aubange | €1.1m | €3.2m | 20.5% | 44.2 |
| SCOPIN Boussu | €0.8m | €3.6m | -40.5% | 55.9 |
These companies have the same main activity as RESIDENCE FRERE HUGO: residential care activities (NACE 87301). They are comparable in size and age: total assets between €777,000 and €1.6m, founded between 1984 and 1988.
Official details
Source: KBO- Status
- Active since 02-09-1987Normal situation
- Activity
- Residential care activitiesNACE 87301
- Joint committee
- 330Health institutions and services · annual accounts 2025
- Establishment unit
- 2.030.585.4295650 Walcourt, since 18-09-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- ≈ €4.3mestimated
- €1.1m▲ 27.7%
- Employeeson 31-12-2025
- 67▲ 3.1%
- Filing
- Filed on 13-08-2026
Insights on RESIDENCE FRERE HUGO
RESIDENCE FRERE HUGO has existed since 1987. The gross margin grew from €1.4m in 2007 to €3.5m in 2025 and staff from 14.8 to 51.8 full-time equivalents.
ARGENSON GESTION FINANCE 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 RESIDENCE FRERE HUGO
- What is the company number of RESIDENCE FRERE HUGO?
- The company number of RESIDENCE FRERE HUGO is 0431.916.947. The VAT number is the same number with BE in front: BE 0431.916.947.
- Where is RESIDENCE FRERE HUGO based?
- The registered office is at Rue de la Fenderie 15, 5650 Walcourt.Company details
- What does RESIDENCE FRERE HUGO do?
- According to the KBO register, the main activity is residential care activities (NACE 87301).
- What is the legal form of RESIDENCE FRERE HUGO?
- RESIDENCE FRERE HUGO is a public limited company (NV).
- When was RESIDENCE FRERE HUGO founded?
- RESIDENCE FRERE HUGO was founded on 02-09-1987.
- Is RESIDENCE FRERE HUGO still active?
- Yes, RESIDENCE FRERE HUGO is an active enterprise in the KBO register.
- How many employees does RESIDENCE FRERE HUGO have?
- RESIDENCE FRERE HUGO had an average of 51.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does RESIDENCE FRERE HUGO fall under?
- In its 2025 annual accounts, RESIDENCE FRERE HUGO states joint committee 330 (Health institutions and services).
- What is the turnover of RESIDENCE FRERE HUGO?
- The turnover in financial year 2025 is ≈ €4.3m. This figure is estimated from the gross margin of €3.5m and 44 comparable companies (NACE 87301). It probably lies between €4.0m and €4.7m.
- Is RESIDENCE FRERE HUGO profitable?
- In financial year 2025, RESIDENCE FRERE HUGO made a loss of €70,189.
- Where can I find the annual accounts of RESIDENCE FRERE HUGO?
- RESIDENCE FRERE HUGO filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RESIDENCE FRERE HUGO due?
- RESIDENCE FRERE HUGO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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