H & C Construct
ActiveSummary
H & C Construct has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,033 and a net result of €2,795. Equity has been growing by about 6.9% per year since 2022. Its solvency ranks better than 25% of 11,261 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-07-2020 Normal situation
- Activity
- Development of residential building projects NACE 68121and 4 others
- Establishment unit
- 2.305.457.594 8210 Zedelgem, since 15-07-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 19-12-2025
Board and ownership
- David Claeys Invest BVDirector
- Hollez Consultancy BVDirector
- David Claeys Invest50%· score 8830-06-2025 annual accounts of David Claeys Invest
- Hollez Consultancy50%2025 annual accounts of Hollez Consultancy
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €4,470
- ▲ 1.4%
- Turnover
- ≈ €19,000
- estimated
- Profit
- €2,795
- ▲ 56.4%
- Equity
- €48,033
- ▲ 6.2%
- Total assets
- €777,687
- ▲ 63.5%
Score breakdownraises riskEquity €48,033 (6.2% of total assets)lowers riskSize: total assets €777,687Sector: Real estate activities (NACE 68)Figures for financial year 2025 (filed on 13-01-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 68, micro). It does better than 27% of them on solvency, 23% on liquidity, 34% on profitability and 61% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 27 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-01-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is 1% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,289 | - | - | - | - |
| Other operating charges640/8 | €266 | €177 | €564 | €578 | ▲ 2.5% |
| Gross operating margin9900 | €25,737 | €7,488 | €4,409 | €4,470 | ▲ 1.4% |
| Operating profit (loss)9901 | €24,182 | €7,311 | €3,845 | €3,892 | ▲ 1.2% |
| Financial income75/76B | €10 | €1,077 | €175 | €505 | ▲ 188% |
| Recurring financial income75 | €10 | €1,077 | €175 | €505 | ▲ 188% |
| Financial charges65/66B | €85 | €1,003 | €1,637 | €564 | ▼ 65.5% |
| Recurring financial charges65 | €85 | €1,003 | €1,637 | €564 | ▼ 65.5% |
| Profit (loss) for the period before taxes9903 | €24,107 | €7,385 | €2,382 | €3,832 | ▲ 60.8% |
| Income taxes67/77 | €6,029 | €2,012 | €596 | €1,037 | ▲ 74.2% |
| Profit (loss) for the period9904 | €18,078 | €5,374 | €1,787 | €2,795 | ▲ 56.4% |
| Profit (loss) for the period to be appropriated9905 | €18,078 | €5,374 | €1,787 | €2,795 | ▲ 56.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €384,273 | €354,921 | €475,603 | €777,687 | ▲ 63.5% |
| Current assets29/58 | €384,273 | €354,921 | €475,603 | €777,687 | ▲ 63.5% |
| Stocks and contracts in progress3 | €137,250 | €249,250 | €416,350 | €632,036 | ▲ 51.8% |
| Stocks30/36 | €137,250 | €249,250 | €416,350 | €632,036 | ▲ 51.8% |
| Amounts receivable within one year40/41 | €28,765 | €89,260 | €3,058 | €14,269 | ▲ 367% |
| Trade receivables40 | €21,793 | €88,772 | €2,968 | €5,910 | ▲ 99.1% |
| Other amounts receivable41 | €6,971 | €488 | €89 | €8,359 | ▲ 93× |
| Cash at bank and in hand54/58 | €218,258 | €16,410 | €56,195 | €131,382 | ▲ 134% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €384,273 | €354,921 | €475,603 | €777,687 | ▲ 63.5% |
| Equity10/15 | €38,078 | €43,452 | €45,239 | €48,033 | ▲ 6.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | €23,452 | €25,239 | €28,033 | ▲ 11.1% |
| Distributable reserves133 | - | €23,452 | €25,239 | €28,033 | ▲ 11.1% |
| Profit (loss) carried forward14 | €18,078 | - | - | - | - |
| Amounts payable17/49 | €346,195 | €311,469 | €430,364 | €729,654 | ▲ 69.5% |
| Amounts payable after more than one year17 | €50,000 | €50,000 | - | €149,097 | - |
| Financial debts170/4 | €50,000 | €50,000 | - | €149,097 | - |
| Amounts payable within one year42/48 | €280,463 | €252,921 | €430,364 | €580,557 | ▲ 34.9% |
| Trade debts44 | €40,055 | €96 | €56,679 | €10,865 | ▼ 80.8% |
| Suppliers440/4 | €40,055 | €96 | €56,679 | €10,865 | ▼ 80.8% |
| Taxes, remuneration and social security45 | €20,085 | €12,502 | €20,254 | €1,195 | ▼ 94.1% |
| Taxes450/3 | €20,085 | €12,502 | €20,254 | €1,195 | ▼ 94.1% |
| Other amounts payable47/48 | €220,323 | €240,323 | €353,431 | €568,497 | ▲ 60.9% |
| Accrued charges and deferred income492/3 | €15,732 | €8,548 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,078 | €5,374 | €1,787 | €2,795 | ▲ 56.4% |
| + Depreciation and write-downs630 | €1,289 | - | - | - | - |
| Operating cash flow (approximation) | €19,367 | €5,374 | €1,787 | €2,795 | ▲ 56.4% |
| Change in cash | - | -€201,848 | €39,785 | €75,187 | ▲ 89.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,603 companies had the same profile as H & C Construct has now. Two years later, 96.1% were still going and 1.9% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of H & C Construct itself is lower: 0.1% within 12 months. It rests on far more data about H & C Construct than the profile alone.
Test of the method
The method was tested on the 497,446 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 1,603 companies, not a prediction for H & C Construct. 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.
Filings with the National Bank (4)
Board & ownership
Directors
Owners and capital
Shareholders
2 ownersOwners 2
- Equity €99,015 Profit of €580 in 2025 (profit of €2,876 in 2024) Checked score 8850%
- Equity €984,858 Profit of €2,462 in 2025 (profit of €34,747 in 2024)50%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| David Claeys Invest BV |
|
| Hollez Consultancy BV |
|
Network & group
Companies at the same address
4 other companiesConnections & network
2 current directorsThe network starts from the directors of H & C Construct. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0750.691.017
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31040C0083/00E000 | Flanders | 1,003 m² | 1 · 186 m² | 10.3 m · 2 |