Result
€57,828 €57,828
Back in profit in 2025, after a loss of €386,053 in 2024.
H en A
Lifetime
19 annual accounts with figures on one time axis, 34 filings since 1992peak €693,731 (2015)
€188,087▲ 141%
lowest -€503,803 (2020)
€57,828▲ €443,881
peak €2.6m (2011)
€1.6m▲ 3.6%
€643,642▼ 27.2%
Board2 names since 2021
2 directorsAnne VERBAET and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
30-03-20261 days before the deadline
2025micro format
Gross margin from €78,063 to €188,087Back to profit: €57,828Registered office moved from Boortmeerbeek to Keerbergen 25-09Debts from €884,236 to €643,642Cash from €20,278 to €31,475
Key points
from the 2025 annual accountsTurnover
≈ €470,000 estimated
The accounts state no turnover.
Filings
34 annual accounts since 1992
Four of the last ten came late. The 2022 accounts came latest: 229 days after the end of the period.
At the same address
9 companies
Subsidiaries
-€177,173
Subsidiary with negative equity. De Lork · loss of €47,304 in 2025.
Group
3 companies controlled
Heads a group.
Checked score
92
Excellent
Financially stronger than 61% of small companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.5%▲ +0.1 percentage points vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.6%▲ +0.1 percentage points vs 02-2025
04-2025: 1.1%▲ +0.5 percentage points vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 0.5%▼ -0.6 percentage points vs 08-2025
10-2025: 1.1%▲ +0.6 percentage points vs 09-2025
11-2025: 1.2%▲ +0.1 percentage points vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.3%▲ +0.1 percentage points vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.4%▲ +0.1 percentage points vs 02-2026highest value
04-2026: 0.1%▼ -1.3 percentage points vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Size: total assets €2.3m
Figures for financial year 2025 (filed on 31-03-2026)
Equity €1.6m (71.9% of total assets)
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 (no NACE code, small). It does better than 61% of them on solvency, 40% on liquidity, 79% on profitability and 64% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-08-2025.
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, 14,766 companies had the same profile as H en A has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of H en A itself: 0.2% within 12 months.
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 14,766 companies, not a prediction for H en A. 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
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.93 (1.86 in 2024), above the usual 1.5. Short-term debt is 13.2% and cash 1.4% of total assets. 28.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 30-03-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
on the day
2023
2 days late
2022
229 days late
2021
5 days late
2020
12 days late
2019
33 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 31 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-08-2026 is due by 31-03-2027. Nothing is late today. The company usually files around 3 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
31-08-2026 year end06-11-2026 today31-03-2027 deadline
Board and ownership
VH
VERBAET Herman
Director
- Anne VERBAET 99.99%annual accounts 31-08-2022
- Herman VERBAET 0.01%annual accounts 31-08-2022
Shares in 3 companies, including H & A INVEST and De Lork
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0444965922
Registered office moved from Boortmeerbeek to Keerbergen
New registered office: Valkeniersdreef 5, appt 20 te 3140 Keerbergen · Previous registered office: Lisdoddeweg 8, 3191 Boortmeerbeek, België · Reappointment: Anne VERBAET (managing director) · Gazette deed
Registered office moved from Boortmeerbeek to Keerbergen
New registered office: Haachtsebaan 135, 3140 Keerbergen · Previous registered office: Lisdoddeweg 8, 3191 Boortmeerbeek, België · General meeting of 01-07-2023 · Gazette deed
Merger: H & A takes over H & A Invest
The company holds all the shares of H & A Invest · The company holds all the shares of H & A Development · General meeting of 20-06-2022 · Gazette deed
Official details
Source: KBO- Status
- Active since 02-09-1991Normal situation
- Registered office
- 12 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- “Het schrijven van theaterstukken, film- en T.V.-scenario's, boeken, brochures enz... die onder de naam…” (deed in Dutch)From the articles, 6 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.054.290.3483140 Keerbergen, since 26-09-1991
- Financial year end
- 31 August
- Peppol
- Reachable since 13-11-2025
Annual accounts to 31-08-2025
- €2.3m▼ 7.4%
- Filing
- Filed on 30-03-2026, 1 day before the end of the filing period
Companies linked to H en A
Subsidiaries and holdings
- CULIVENT65%
Insights on H en A
H en A files the micro format. That format states no turnover. The gross margin fell from €401,948 in 2007 to €188,087 in 2025.
In September 2025, the Official Gazette published the appointment of Anne VERBAET as managing director.
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 H en A
- What is the company number of H en A?
- The company number of H en A is 0444.965.922. The VAT number is the same number with BE in front: BE 0444.965.922.
- Where is H en A based?
- The registered office is at Valkeniersdreef 5, 3140 Keerbergen.Company details
- What is the legal form of H en A?
- H en A is a public limited company (NV).
- When was H en A founded?
- H en A was founded on 02-09-1991.
- Is H en A still active?
- Yes, H en A is an active enterprise in the KBO register.
- What is the turnover of H en A?
- The turnover in financial year 2025 is ≈ €470,000. This figure is estimated from the gross margin of €188,087 and 2,211 comparable companies of the same size. It probably lies between €310,000 and €730,000. It is a rough estimate.Financials
- Is H en A profitable?
- In financial year 2025, H en A made a profit of €57,828.
- Where can I find the annual accounts of H en A?
- H en A filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of H en A due?
- H en A must file the annual accounts for financial year 2026 by 31-03-2027.Timeline
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