H & C
ActiveSummary
H & C has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €568,028 and a net result of €32,604. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 3.14 against 1.31 in 2024; short-term debt: 5.4% and cash: 6.1% of total assets), and 11.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.2%
Return on assets
5.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
65 d early
2023
55 d early
2022
33 d early
2021
59 d early
2020
30 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 7 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€568,028▲ 6.1%
2024 · €535,425
Total assets
€644,144▼ 3.5%
2024 · €667,509
Net result
€32,604▼ 18.7%
2024 · €40,116
Working capital
€74,685▲ 229%
2024 · €22,728
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€51,422▲ 19.5%€82,147▲ 59.8%€71,736▼ 12.7%€60,414▼ 15.8%€52,880▼ 12.5%
Net result€23,424within the sector's middle half▼ 62.7%€63,893above the sector's middle half▲ 173%€44,382above the sector's middle half▼ 30.5%€40,116above the sector's middle half▼ 9.6%€32,604above the sector's middle half▼ 18.7%
Equity€387,034above the sector's middle half▲ 6.4%€450,927above the sector's middle half▲ 16.5%€495,309above the sector's middle half▲ 9.8%€535,425above the sector's middle half▲ 8.1%€568,028above the sector's middle half▲ 6.1%
Total assets€587,133above the sector's middle half▼ 8.4%€645,348above the sector's middle half▲ 9.9%€634,636above the sector's middle half▼ 1.7%€667,509above the sector's middle half▲ 5.2%€644,144above the sector's middle half▼ 3.5%
Debt€200,099▼ 27.8%€194,421▼ 2.8%€139,327▼ 28.3%€132,084▼ 5.2%€76,116▼ 42.4%
Working capital-€78,630below the sector's middle half▼ 139%-€80,484below the sector's middle half▼ 2.4%-€29,613below the sector's middle half▲ 63.2%€22,728within the sector's middle half€74,685within the sector's middle half▲ 229%
Solvency65.9%within the sector's middle half▲ 9.2pp69.9%above the sector's middle half▲ 4.0pp78.0%above the sector's middle half▲ 8.2pp80.2%above the sector's middle half▲ 2.2pp88.2%above the sector's middle half▲ 8.0pp
Current ratio0.39below the sector's middle half▼ 0.340.47below the sector's middle half▲ 0.070.55below the sector's middle half▲ 0.081.31within the sector's middle half▲ 0.763.14within the sector's middle half▲ 1.83
Return on assets (ROA)4.0%within the sector's middle half▼ 5.8pp9.9%within the sector's middle half▲ 5.9pp7.0%within the sector's middle half▼ 2.9pp6.0%within the sector's middle half▼ 1.0pp5.1%within the sector's middle half▼ 0.9pp
Staff (FTE)2=2=2=2=1▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €644,144
Fixed assets
€534,584 ▼ 6.5%
Current assets
€109,560 ▲ 14.2%
Equity and liabilities €644,144
Equity
€568,028 ▲ 6.1%
Debt
€76,116 ▼ 42.4%
Debt's share of the balance-sheet total falls from 19.8% to 11.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88,770▼
2024 · €95,154
Cash flow
€68,494▼
2024 · €74,856
Debt to equity
0.13▼
2024 · 0.25
ROE
5.7%▼
2024 · 7.5%
Interest coverage
14.15▼
2024 · 26.69
Debt ≤ 1 year
€34,876▼
2024 · €73,176
Debt > 1 year
€41,061▼
2024 · €57,789
Income taxes
€14,004▼
2024 · €17,341
Staff costs
€85,478▼
2024 · €244,953
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €197,339 | €200,045 | €241,077 | €244,953 | €85,478 | ▼ 65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,204 | €39,458 | €40,136 | €34,740 | €35,890 | ▲ 3.3% |
| Other operating charges640/8 | €4,385 | €4,555 | €1,882 | €3,071 | €7,212 | ▲ 135% |
| Gross operating margin9900 | €290,351 | €326,205 | €354,832 | €343,178 | €181,460 | ▼ 47.1% |
| Operating profit (loss)9901 | €51,422 | €82,147 | €71,736 | €60,414 | €52,880 | ▼ 12.5% |
| Financial income75/76B | €3,763 | €9,552 | €770 | €609 | €0 | ▼ 100% |
| Recurring financial income75 | €3,763 | €691 | €770 | €609 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | €8,861 | €0 | - | - | - |
| Financial charges65/66B | €10,109 | €7,791 | €6,353 | €3,566 | €6,273 | ▲ 75.9% |
| Recurring financial charges65 | €10,109 | €7,791 | €6,353 | €3,566 | €6,273 | ▲ 75.9% |
| Profit (loss) for the period before taxes9903 | €45,077 | €83,909 | €66,154 | €57,457 | €46,607 | ▼ 18.9% |
| Income taxes67/77 | €21,653 | €20,016 | €21,772 | €17,341 | €14,004 | ▼ 19.2% |
| Profit (loss) for the period9904 | €23,424 | €63,893 | €44,382 | €40,116 | €32,604 | ▼ 18.7% |
| Profit (loss) for the period to be appropriated9905 | €23,424 | €63,893 | €44,382 | €40,116 | €32,604 | ▼ 18.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €587,133 | €645,348 | €634,636 | €667,509 | €644,144 | ▼ 3.5% |
| Fixed assets21/28 | €536,521 | €575,175 | €598,941 | €571,605 | €534,584 | ▼ 6.5% |
| Tangible fixed assets22/27 | €286,496 | €325,150 | €348,916 | €321,605 | €284,584 | ▼ 11.5% |
| Land and buildings22 | €262,247 | €257,609 | €252,085 | €229,848 | €207,611 | ▼ 9.7% |
| Plant, machinery and equipment23 | €1,692 | €57,138 | €92,711 | €89,606 | €76,728 | ▼ 14.4% |
| Furniture and vehicles24 | €22,557 | €10,404 | €4,120 | €2,151 | €245 | ▼ 88.6% |
| Financial fixed assets28 | €250,025 | €250,025 | €250,025 | €250,000 | €250,000 | = |
| Current assets29/58 | €50,612 | €70,173 | €35,695 | €95,904 | €109,560 | ▲ 14.2% |
| Amounts receivable within one year40/41 | €12,592 | €35,661 | €13,011 | €15,082 | €63,811 | ▲ 323% |
| Trade receivables40 | €1,514 | - | - | - | €52,314 | - |
| Other amounts receivable41 | €11,078 | €35,661 | €13,011 | €15,082 | €11,497 | ▼ 23.8% |
| Cash at bank and in hand54/58 | €34,523 | €30,391 | €16,745 | €64,276 | €39,610 | ▼ 38.4% |
| Deferred charges and accrued income490/1 | €3,497 | €4,120 | €5,939 | €16,546 | €6,140 | ▼ 62.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €587,133 | €645,348 | €634,636 | €667,509 | €644,144 | ▼ 3.5% |
| Equity10/15 | €387,034 | €450,927 | €495,309 | €535,425 | €568,028 | ▲ 6.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €380,834 | €444,727 | €489,109 | €529,225 | €561,828 | ▲ 6.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €378,974 | €442,867 | €489,109 | €529,225 | €561,828 | ▲ 6.2% |
| Amounts payable17/49 | €200,099 | €194,421 | €139,327 | €132,084 | €76,116 | ▼ 42.4% |
| Amounts payable after more than one year17 | €70,857 | €43,765 | €74,019 | €57,789 | €41,061 | ▼ 28.9% |
| Financial debts170/4 | €70,857 | €43,765 | €74,019 | €57,789 | €41,061 | ▼ 28.9% |
| Amounts payable within one year42/48 | €129,242 | €150,657 | €65,308 | €73,176 | €34,876 | ▼ 52.3% |
| Current portion of amounts payable after more than one year42 | €85,386 | €81,092 | €15,746 | €16,230 | €16,729 | ▲ 3.1% |
| Financial debts43 | - | - | €1,200 | €1,000 | €1,000 | = |
| Other loans439 | - | - | €1,200 | €1,000 | €1,000 | = |
| Trade debts44 | €17,002 | €34,000 | €18,194 | €39,282 | €3,891 | ▼ 90.1% |
| Suppliers440/4 | €17,002 | €34,000 | €18,194 | €39,282 | €3,891 | ▼ 90.1% |
| Taxes, remuneration and social security45 | €26,855 | €35,564 | €30,169 | €13,606 | €13,257 | ▼ 2.6% |
| Taxes450/3 | €2,000 | €10,000 | €1,772 | €3,352 | €2,546 | ▼ 24.0% |
| Remuneration and social security454/9 | €24,855 | €25,564 | €28,397 | €10,254 | €10,710 | ▲ 4.4% |
| Other amounts payable47/48 | - | - | - | €3,059 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €1,119 | €179 | ▼ 84.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,424 | €63,893 | €44,382 | €40,116 | €32,604 | ▼ 18.7% |
| + Depreciation and write-downs630 | €37,204 | €39,458 | €40,136 | €34,740 | €35,890 | ▲ 3.3% |
| Operating cash flow (approximation) | €60,628 | €103,350 | €84,518 | €74,856 | €68,494 | ▼ 8.5% |
| Investment in fixed assets (approximation) | - | -€78,112 | -€63,902 | -€7,404 | €1,131 | ▲ 115% |
| Change in cash | - | -€4,132 | -€13,646 | €47,530 | -€24,666 | ▼ 152% |
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 3.14
Current ratio from 1.31 to 3.14; short-term debt falls from €73,176 to €34,876.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 1.31
Current ratio from 0.55 to 1.31.
31-12
Financial
Equity above €500,000Eq €535,425 ▲8.1%
7 profitable years in a row build equity to €535,425.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €63,893 ▲173%
Operating result €82,147, net result €63,893, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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, Edegem · 1 establishment unit since 2003
Ground area
2,250 m²
Parcel 11013A0317/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
H & C
since 20032.133.514.406
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0317/00C000 | Flanders | 2,250 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of H & C and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. 1,129 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860855204
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.