H&C
ActiveH&C has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65k and a net result of €-37k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 84% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-7
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 4.7 against 4.55 in 2024; short-term debt: 21.3% and cash: 1.5% of total assets), and 21.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.7%
Return on assets
-44.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-37k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
3 d early
2023
30 d late
2022
3 d early
2021
4 d early
2020
31 d late
2019
14 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€65k▼ 36.2%
2024 · €101k
2018: €123k
2019: €119k
2020: €107k
2021: €81k
2022: €98k
2023: €113k
2024: €101k
2018 → 2025
Total assets
€82k▼ 36.6%
2024 · €129k
2018: €179k
2019: €228k
2020: €222k
2021: €185k
2022: €182k
2023: €143k
2024: €129k
2018 → 2025
Net result
€-37k▼ 213%
2024 · €-12k
2018: €1k
2019: €-4k
2020: €-12k
2021: €-27k
2022: €18k
2023: €15k
2024: €-12k
2018 → 2025
Working capital
€65k▼ 35.2%
2024 · €100k
2018: €112k
2019: €94k
2020: €90k
2021: €60k
2022: €81k
2023: €105k
2024: €100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€98k▲ 22.0%€113k▲ 15.1%€101k▼ 10.4%€65k▼ 36.2%
Operating result€-26k-€18k€15k▼ 20.6%€-13k€-39k▼ 199%
Net result€-27k-€18k€15k▼ 16.4%€-12k€-37k▼ 213%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €39k in 2025 against €13k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€57▼ 96.8%
Current assets
€82k▼ 35.7%
Equity and liabilities €82k
Equity
€65k▼ 36.2%
Debt
€17k▼ 37.8%
The debt ratio falls from 21.7% to 21.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-38k▼
2024 · €-7k
Cash flow
€-35k▼
2024 · €-6k
Solvency
78.7%▲
2024 · 78.3%
Current ratio
4.70▲
2024 · 4.55
Quick ratio
4.70▲
2024 · 3.19
Debt / equity
0.27▼
2024 · 0.28
ROE
-56.8%▼
2024 · -11.6%
ROA
-44.7%▼
2024 · -9.1%
Interest coverage
-85.91▼
2024 · -14.16
Debt
€17k▼
2024 · €28k
Debt ≤ 1 year
€17k▼
2024 · €28k
Income taxes
€218▼
2024 · €376
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€129k€82k▼
Fixed assets21/28€2k€57▼
Tangible fixed assets22/27€2k€57▼
Plant, machinery and equipment23€2k€57▼
Furniture and vehicles24€116-
Current assets29/58€128k€82k▼
Stocks and contracts in progress3€38k-
Stocks30/36€38k-
Amounts receivable within one year40/41€85k€81k▼
Trade receivables40€42k€2k▼
Other amounts receivable41€43k€79k▲
Cash at bank and in hand54/58€2k€1k▼
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€129k€82k▼
Equity10/15€101k€65k▼
Contributions10/11€25k€25k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Profit (loss) carried forward14€74k€37k▼
Amounts payable17/49€28k€17k▼
Amounts payable within one year42/48€28k€17k▼
Trade debts44€14k€3k▼
Suppliers440/4€14k€3k▼
Taxes, remuneration and social security45€202€202=
Taxes450/3€202€202=
Other amounts payable47/48€14k€14k=
Income statement
Code20242025
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Other operating charges640/8€2k€570▼
Non-recurring operating charges66A-€63
Gross operating margin9900€-3k€-37k▼
Operating profit (loss)9901€-13k€-39k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€494€440▼
Recurring financial charges65€494€440▼
Profit (loss) for the period before taxes9903€-11k€-37k▼
Income taxes67/77€376€218▼
Profit (loss) for the period9904€-12k€-37k▼
Profit (loss) for the period to be appropriated9905€-12k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€74k€37k▼
Profit (loss) brought forward from the previous period14P€86k€74k▼
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.55
Current ratio from 2.03 to 4.55; short-term debt falls from €79k to €30k.
31-12
Financial
Equity above €100kEq €113k ▲15.1%
2 profitable years in a row build equity to €113k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after 3 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zwalm · 1 establishment unit since 1998
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.
Veldstraat(Munk) 329630 ZwalmGround area
1,597 m²
Building footprint
457 m²
Volume, LiDAR
2,195 m³
Parcel 45027B0461/00C000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Veldstraat(Munk) 32, 9630 Zwalm
since 19982.087.979.537
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45027B0461/00C000 | Flanders | 1,597 m² | 1 · 457 m² | 8.0 m · 2 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.
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All Services Vanbrabant
BE 0774.626.657
Herk-de-Stad · Eq €65k
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,737 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-1998
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
47552Retail sale of lighting equipment
47592Retail trade
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 27 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.