H-CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of H-CONSTRUCT is 1.7% (moderate). The annual accounts of H-CONSTRUCT for fiscal year 2025 show a net loss of 165% of total assets and of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €2,782 and a net result of -€5,506. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
9 mo
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 · 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 -€5,506
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
28 d late
2023
28 d late
2022
32 d late
2021
31 d late
2020
786 d late
2019
178 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 155 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 (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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,782▼ 66.4%
2024 · €8,288
Total assets
€3,327▼ 62.2%
2024 · €8,798
Net result
-€5,506▲ 15.5%
2024 · -€6,512
Working capital
€808▼ 77.0%
2024 · €3,514
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
Line20212022202320242025
Operating result€12,182▲ 36.0%€1,832▼ 85.0%-€3,443-€5,936▼ 72.4%-€5,389▲ 9.2%
Net result€9,607▲ 8.2%€1,349▼ 86.0%-€3,174-€6,512▼ 105%-€5,506▲ 15.5%
Equity€16,625▲ 137%€17,973▲ 8.1%€14,800▼ 17.7%€8,288▼ 44.0%€2,782▼ 66.4%
Total assets€32,859▲ 25.1%€22,153▼ 32.6%€16,900▼ 23.7%€8,798▼ 47.9%€3,327▼ 62.2%
Debt€16,234▼ 15.7%€4,180▼ 74.2%€2,100▼ 49.8%€510▼ 75.7%€545▲ 6.9%
Working capital€1,337▼ 87.8%€6,492▲ 386%€6,942▲ 6.9%€3,514▼ 49.4%€808▼ 77.0%
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 €5,389 in 2025 against €5,936 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3,327
Fixed assets
€1,974 ▼ 58.7%
Current assets
€1,353 ▼ 66.4%
Equity and liabilities €3,327
Equity
€2,782 ▼ 66.4%
Debt
€545 ▲ 6.9%
Debt's share of the balance-sheet total rises from 5.8% to 16.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,589▲
2024 · -€2,853
Cash flow
-€2,706▲
2024 · -€3,429
Interest coverage
-59.52▲
2024 · -570.52
Debt ≤ 1 year
€545▲
2024 · €510
Income taxes
€145▼
2024 · €869
Ratios withheld: a balance sheet total of €3,327 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 4,815 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,833 | €3,806 | €3,625 | €3,083 | €2,800 | ▼ 9.2% |
| Other operating charges640/8 | €1,061 | €1,114 | €500 | €2,159 | €1,227 | ▼ 43.1% |
| Gross operating margin9900 | €15,076 | €6,752 | €681 | -€694 | -€1,362 | ▼ 96.3% |
| Operating profit (loss)9901 | €12,182 | €1,832 | -€3,443 | -€5,936 | -€5,389 | ▲ 9.2% |
| Financial income75/76B | €200 | €393 | €269 | €298 | €71 | ▼ 76.0% |
| Recurring financial income75 | €200 | €393 | €269 | €298 | €71 | ▼ 76.0% |
| Financial charges65/66B | €39 | - | - | €5 | €44 | ▲ 770% |
| Recurring financial charges65 | €39 | - | - | €5 | €44 | ▲ 770% |
| Profit (loss) for the period before taxes9903 | €12,343 | €2,225 | -€3,174 | -€5,643 | -€5,361 | ▲ 5.0% |
| Income taxes67/77 | €2,736 | €876 | - | €869 | €145 | ▼ 83.4% |
| Profit (loss) for the period9904 | €9,607 | €1,349 | -€3,174 | -€6,512 | -€5,506 | ▲ 15.5% |
| Profit (loss) for the period to be appropriated9905 | €9,607 | €1,349 | -€3,174 | -€6,512 | -€5,506 | ▲ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32,859 | €22,153 | €16,900 | €8,798 | €3,327 | ▼ 62.2% |
| Fixed assets21/28 | €15,288 | €11,482 | €7,857 | €4,774 | €1,974 | ▼ 58.7% |
| Tangible fixed assets22/27 | €15,288 | €11,482 | €7,857 | €4,774 | €1,974 | ▼ 58.7% |
| Plant, machinery and equipment23 | €843 | €563 | €283 | €0 | - | - |
| Furniture and vehicles24 | €14,445 | €10,919 | €7,574 | €4,774 | €1,974 | ▼ 58.7% |
| Current assets29/58 | €17,571 | €10,672 | €9,043 | €4,024 | €1,353 | ▼ 66.4% |
| Amounts receivable within one year40/41 | €6,792 | €10,670 | €5,231 | €4,012 | €1,353 | ▼ 66.3% |
| Trade receivables40 | €6,304 | €6,304 | - | - | - | - |
| Other amounts receivable41 | €488 | €4,366 | €5,231 | €4,012 | €1,353 | ▼ 66.3% |
| Current investments50/53 | €10,779 | €2 | - | - | - | - |
| Cash at bank and in hand54/58 | - | - | €3,812 | €12 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32,859 | €22,153 | €16,900 | €8,798 | €3,327 | ▼ 62.2% |
| Equity10/15 | €16,625 | €17,973 | €14,800 | €8,288 | €2,782 | ▼ 66.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €10,425 | €11,773 | €8,600 | €2,088 | -€3,418 | ▼ 264% |
| Amounts payable17/49 | €16,234 | €4,180 | €2,100 | €510 | €545 | ▲ 6.9% |
| Amounts payable within one year42/48 | €16,234 | €4,180 | €2,100 | €510 | €545 | ▲ 6.9% |
| Trade debts44 | €1,000 | €568 | €700 | €350 | €380 | ▲ 8.6% |
| Suppliers440/4 | €1,000 | €568 | - | €350 | €380 | ▲ 8.6% |
| Bills of exchange payable441 | - | - | €700 | - | - | - |
| Taxes, remuneration and social security45 | €2,736 | €3,612 | €1,400 | €160 | €165 | ▲ 3.1% |
| Taxes450/3 | €2,736 | €3,612 | €1,400 | €160 | €165 | ▲ 3.1% |
| Other amounts payable47/48 | €12,498 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,607 | €1,349 | -€3,174 | -€6,512 | -€5,506 | ▲ 15.5% |
| + Depreciation and write-downs630 | €1,833 | €3,806 | €3,625 | €3,083 | €2,800 | ▼ 9.2% |
| Operating cash flow (approximation) | €11,440 | €5,155 | €451 | -€3,429 | -€2,706 | ▲ 21.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | -€3,800 | - | - |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€6,512
Net result drops to -€6,512, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 786 days late
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.55
Current ratio from 1.08 to 2.55; short-term debt falls from €16,234 to €4,180.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €9,607 ▲8.2%
Operating result €12,182, net result €9,607, both a record.
25-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 178 days late
2019
31-12
Financial
Back to profitnet €3,058
Net result €3,058 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Lierde · 1 establishment unit since 2015
Ground area
2,639 m²
Building footprint
328 m²
Volume, LiDAR
1,890 m³
Parcel 45050B0913/00R000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
H-CONSTRUCT
since 20152.241.526.577
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45050B0913/00R000 | Flanders | 2,639 m² | 1 · 328 m² | 9.6 m · 2 fl. |
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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded06-02-2015
Fiscal year end31-12
Contact
E-mail
heymanfrank@yahoo.comLierde
Phone
0478/485501Lierde
E-invoicing
Reachable via Peppol
Peppol ID
0208:0597752305
Registered
23-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.