H & A
InactiveH & A was declared bankrupt on 11-04-2024 (Ondernemingsrechtbank Gent, afdeling Oudenaarde); the bankruptcy was closed for insufficient assets by judgment of 11-12-2025, published in the Belgian State Gazette on 16-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 26-08-2021, 26 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
26 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€24,102▼ 32.8%
2019 · €35,852
Total assets
€52,884▼ 15.9%
2019 · €62,910
Net result
-€11,750▼ 7,659%
2019 · -€151
Working capital
€8,828▼ 46.7%
2019 · €16,577
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€28,401-€5,000▼ 82.4%-€11,251
Net result€17,403--€151-€11,750▼ 7,659%
Equity€36,003-€35,852▼ 0.4%€24,102▼ 32.8%
Total assets€57,523-€62,910▲ 9.4%€52,884▼ 15.9%
Debt€21,520-€27,058▲ 25.7%€28,782▲ 6.4%
Working capital€16,039-€16,577▲ 3.4%€8,828▼ 46.7%
Staff (FTE)1.62.7▲ 68.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €11,251 after €5,000 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €52,884
Fixed assets
€15,275 ▼ 20.8%
Current assets
€37,609 ▼ 13.8%
Equity and liabilities €52,884
Equity
€24,102 ▼ 32.8%
Debt
€28,782 ▲ 6.4%
Debt's share of the balance-sheet total rises from 43.0% to 54.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,251▼
2019 · €9,000
Cash flow
-€7,750▼
2019 · €3,849
Current ratio
1.31▼
2019 · 1.61
ROE
-48.7%▼
2019 · -0.4%
ROA
-22.2%▼
2019 · -0.2%
Debt ≤ 1 year
€28,782▲
2019 · €27,058
Income taxes
€0▼
2019 · €975
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,836 | €4,000 | €4,000 | = |
| Gross operating margin9900 | €34,336 | €64,018 | €22,732 | ▼ 64.5% |
| Operating profit (loss)9901 | €28,401 | €5,000 | -€11,251 | ▼ 325% |
| Recurring financial income75 | €389 | €406 | €1,780 | ▲ 338% |
| Recurring financial charges65 | €1,640 | €2,783 | €2,279 | ▼ 18.1% |
| Profit (loss) for the period before taxes9903 | €22,050 | €823 | -€11,750 | ▼ 1,528% |
| Income taxes67/77 | €4,647 | €975 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €17,403 | -€151 | -€11,750 | ▼ 7,659% |
| Profit (loss) for the period to be appropriated9905 | €17,403 | -€151 | -€11,750 | ▼ 7,659% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €57,523 | €62,910 | €52,884 | ▼ 15.9% |
| Fixed assets21/28 | €19,964 | €19,274 | €15,275 | ▼ 20.8% |
| Intangible fixed assets21 | €16,164 | €12,164 | €8,165 | ▼ 32.9% |
| Financial fixed assets28 | €3,800 | €7,110 | €7,110 | = |
| Current assets29/58 | €37,559 | €43,635 | €37,609 | ▼ 13.8% |
| Amounts receivable within one year40/41 | €17,209 | €36,752 | €31,974 | ▼ 13.0% |
| Cash at bank and in hand54/58 | €20,349 | €6,883 | €2,529 | ▼ 63.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €57,523 | €62,910 | €52,884 | ▼ 15.9% |
| Equity10/15 | €36,003 | €35,852 | €24,102 | ▼ 32.8% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €15,543 | €15,392 | €3,642 | ▼ 76.3% |
| Amounts payable17/49 | €21,520 | €27,058 | €28,782 | ▲ 6.4% |
| Amounts payable within one year42/48 | €21,520 | €27,058 | €28,782 | ▲ 6.4% |
| Trade debts44 | €7,928 | €13,646 | €23,496 | ▲ 72.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,403 | -€151 | -€11,750 | ▼ 7,659% |
| + Depreciation and write-downs630 | €3,836 | €4,000 | €4,000 | = |
| Operating cash flow (approximation) | €21,239 | €3,849 | -€7,750 | ▼ 301% |
| Investment in fixed assets (approximation) | - | -€3,310 | €0 | ▲ 100% |
| Change in cash | - | -€13,466 | -€4,355 | ▲ 67.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
16-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Oudenaarde · event 11-12-2025
2024
17-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · event 11-04-2024
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet -€11,750
Net result drops to -€11,750, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KATIE COPPENS EINESTRAAT 34, 9700 OUDENAARDE- |
11-04-2024 → 11-12-2025 |