Checked.be
Active
BE 0716.858.308Private limited company
H.A.L.
Recogne,Au Buisson Martin 11 ·6800 Libramont-Chevigny, Belgium· 7 yrs active
Sector: Activities of bailiffs
(69103)
Conclusion
H.A.L. has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €90k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 12402 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €94k |
| Net result | €90k |
| Better than sector | 25% |
| Active | 7 yrs |
Financial profile
82
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
100
Solvency
45
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€8k
estimate, not credit advice
Score history
85
2021
93
2022
100
2023
83
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.26 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.26 (≥ 1.0)
+5
Profitability
ROE 96% (≥ 10%)
+10
Interest coverage
Interest coverage 21.1× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-02-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~8.7%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 69, Legal and accounting activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 26.0% | 56.7% | |
| Net result | €90k | €38k | |
| Equity | €94k | €90k | |
| Gross operating margin | €129k | €74k | |
| Total assets | €360k | €206k |
€126k
+74.1%
21-25
€90k
+75.0%
21-25
€109k
+68.3%
21-25
€360k
+12.6%
21-25
€94k
+5.2%
21-25
€39k
+2.5%
21-25
€15k
+327.5%
21-25
€85k
+104.3%
21-25
€266k
+15.4%
21-25
€149k
+65.1%
21-25
€114k
-17.3%
21-25
1.26
-11.2%
21-25
1.26
-11.2%
21-25
26.0%
-6.5%
21-25
2.84
+9.7%
21-25
96.1%
+66.3%
21-25
25.0%
+55.4%
21-25
21.11
+65.1%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €126k | €73k | €54k | €39k | €16k |
| Net profit | €90k | €51k | €36k | €23k | €41k |
| Cash flow | €109k | €65k | €45k | €32k | €50k |
| Staff costs | - | - | - | - | - |
| Income taxes | €15k | €3k | €9k | €7k | €2k |
| Dividends | €85k | €42k | - | - | - |
| Total assets | €360k | €320k | €221k | €107k | €93k |
| Equity | €94k | €89k | €113k | €77k | €55k |
| Debt | €266k | €231k | €108k | €30k | €38k |
| of which ≤ 1y | €149k | €90k | €5k | €27k | €27k |
| of which > 1y | €114k | €137k | €100k | - | €12k |
| Working capital | €39k | €38k | €86k | €66k | €44k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.26 | 1.42 | 19.93 | 3.45 | 2.64 |
| Quick ratio | 1.26 | 1.42 | 19.93 | 3.45 | 2.64 |
| Working capital ratio | 10.8% | 11.9% | 39.0% | 61.3% | 46.9% |
| Solvency | 26.0% | 27.8% | 51.2% | 72.2% | 59.0% |
| Debt / equity | 2.84 | 2.59 | 0.95 | 0.39 | 0.21 |
| Long-term debt ratio | 1.21 | 1.54 | 0.88 | - | 0.21 |
| Interest coverage | 21.11 | 12.79 | 146.83 | 192.40 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 25.0% | 16.1% | 16.2% | 21.0% | 43.6% |
| ROE | 96.1% | 57.8% | 31.5% | 29.1% | 74.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €360k | €320k | €221k | €107k | €93k |
| Fixed assets | 21/28 | €172k | €191k | €130k | €15k | €23k |
| Tangible fixed assets | 22/27 | €172k | €191k | €130k | €15k | €23k |
| Current assets | 29/58 | €188k | €128k | €91k | €92k | €70k |
| Amounts receivable within one year | 40/41 | €69k | €48k | €57k | €40k | €30k |
| Investments | 50/53 | €96k | - | - | - | - |
| Cash & bank | 54/58 | €18k | €77k | €31k | €51k | €38k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €360k | €320k | €221k | €107k | €93k |
| Equity | 10/15 | €94k | €89k | €113k | €77k | €55k |
| Contributions / capital | 10/11 | €19k | €19k | €12k | €12k | - |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €73k | €68k | €99k | €63k | €41k |
| Amounts payable | 17/49 | €266k | €231k | €108k | €30k | €38k |
| Amounts payable after one year | 17 | €114k | €137k | €100k | - | €12k |
| Amounts payable within one year | 42/48 | €149k | €90k | €5k | €27k | €27k |
| Trade debts payable within one year | 44 | - | €0 | €52 | - | - |
| Income statement | ||||||
| Gross operating margin | 9900 | €129k | €77k | €56k | €40k | €17k |
| Operating result | 9901 | €107k | €59k | €45k | €30k | €7k |
| Financial income | 75 | €4k | €1k | - | - | €442 |
| Financial charges | 65 | €6k | €6k | €371 | €205 | €313 |
| Result before taxes | 9903 | €105k | €55k | €44k | €30k | €7k |
| Income taxes | 67/77 | €15k | €3k | €9k | €7k | €2k |
| Net result for the period | 9904 | €90k | €51k | €36k | €23k | €5k |
| Result to be appropriated | 9905 | €90k | €51k | €36k | €23k | €5k |
Legal Structure
| NACE primary | Activities of bailiffs(69103) |
| Legal form | Private limited company(610) |
| Incorporation | 26-12-2018 |
| Status | Active |
| Postal code | 6800 |
Updates
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
Financial
Highest result since 2021net €90k ▲75%
Operating result €107k, net result €90k, both a record.
18-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity times 6current ratio 19.93
Current ratio from 3.45 to 19.93; short-term debt falls from €27k to €5k.
30-06
Financial
Equity above €100kEq €113k ▲46.1%
3 profitable years in a row build equity to €113k.
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
30-06
Financial
Weakest financial yearnet €23k ▼44.4%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Activities of bailiffs69103
Names & trade names
| Legal nameFR | H.A.L. |
| Trade nameFR | H.A.L. |
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