H-COOL
ActiveSummary
H-COOL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€630,588) and a net result of €347,904. Equity is shrinking by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 1223 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.01 in 2024; short-term debt: 30.3% and cash: 0.4% of total assets), and equity is negative.
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Signals
Five 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← 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
-62.1%
Return on assets
34.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1223 sector peers (2025).
NBB · sector comparisonPosition among 1223 sector peers
Solvency
better than 5%
← weakest
strongest →
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
17 d early
2023
42 d early
2022
13 d early
2021
6 d early
2020
22 d early
2019
7 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 22 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% 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 14 July (4 of the last 5 filed years within 30 days of that day).
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, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€630,588▲ 35.4%
2024 · -€976,746
Total assets
€1.0m▼ 11.3%
2024 · €1.1m
Net result
€347,904▲ 22.9%
2024 · €283,106
Working capital
-€158,523▲ 69.0%
2024 · -€511,503
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, 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-€72,606▼ 11.6%-€120,323▼ 65.7%-€139,541▼ 16.0%€342,289€378,172▲ 10.5%
Net result-€179,589below the sector's middle half▲ 4.2%-€201,429below the sector's middle half▼ 12.2%-€210,276below the sector's middle half▼ 4.4%€283,106above the sector's middle half€347,904above the sector's middle half▲ 22.9%
Equity-€841,238below the sector's middle half▼ 27.8%-€1.0mbelow the sector's middle half▼ 24.4%-€1.3mbelow the sector's middle half▼ 20.3%-€976,746below the sector's middle half▲ 22.4%-€630,588below the sector's middle half▲ 35.4%
Total assets€3.0mabove the sector's middle half▼ 15.5%€2.5mabove the sector's middle half▼ 18.0%€1.6mwithin the sector's middle half▼ 35.5%€1.1mwithin the sector's middle half▼ 28.2%€1.0mwithin the sector's middle half▼ 11.3%
Debt€3.8m▼ 8.7%€3.5m▼ 8.7%€2.8m▼ 18.9%€2.1m▼ 25.6%€1.6m▼ 22.4%
Working capital€57,044within the sector's middle half€246,680within the sector's middle half▲ 332%-€120,080below the sector's middle half-€511,503below the sector's middle half▼ 326%-€158,523below the sector's middle half▲ 69.0%
Solvency-27.9%below the sector's middle half▼ 9.5pp-42.3%below the sector's middle half▼ 14.4pp-78.9%below the sector's middle half▼ 36.6pp-85.3%below the sector's middle half▼ 6.4pp-62.1%below the sector's middle half▲ 23.2pp
Current ratio1.12within the sector's middle half▲ 0.851.89within the sector's middle half▲ 0.770.57below the sector's middle half▼ 1.320.01below the sector's middle half▼ 0.560.48below the sector's middle half▲ 0.48
Return on assets (ROA)-6.0%below the sector's middle half▼ 0.7pp-8.2%below the sector's middle half▼ 2.2pp-13.2%below the sector's middle half▼ 5.0pp24.7%above the sector's middle half▲ 37.9pp34.3%above the sector's middle half▲ 9.5pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€866,418 ▼ 24.1%
Current assets
€149,270 ▲ 5,590%
Key figures and ratios
EBITDA
€654,005▲
2024 · €635,638
Cash flow
€623,736▲
2024 · €576,455
Debt to equity
-2.61▼
2024 · -2.17
Interest coverage
20.06▲
2024 · 10.32
Debt ≤ 1 year
€307,793▼
2024 · €514,127
Debt > 1 year
€1.3m▼
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 268 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Small
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 268 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €16,127 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €521,638 | €521,643 | €510,632 | €293,349 | €275,832 | ▼ 6.0% |
| Other operating charges640/8 | €40,084 | €40,107 | €43,624 | €43,841 | €48,994 | ▲ 11.8% |
| Gross operating margin9900 | €489,116 | €441,427 | €414,716 | €679,479 | €702,999 | ▲ 3.5% |
| Operating profit (loss)9901 | -€72,606 | -€120,323 | -€139,541 | €342,289 | €378,172 | ▲ 10.5% |
| Financial income75/76B | €3,417 | €3,417 | €1,746 | €1,840 | €1,746 | ▼ 5.1% |
| Recurring financial income75 | €3,417 | €3,417 | €1,746 | €1,840 | €1,746 | ▼ 5.1% |
| Financial charges65/66B | €111,539 | €85,661 | €73,063 | €61,606 | €32,597 | ▼ 47.1% |
| Recurring financial charges65 | €111,539 | €85,661 | €73,063 | €61,606 | €32,597 | ▼ 47.1% |
| Profit (loss) for the period before taxes9903 | -€180,728 | -€202,568 | -€210,858 | €282,523 | €347,322 | ▲ 22.9% |
| Transfer from deferred taxes780 | €1,139 | €1,139 | €582 | €582 | €582 | = |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€179,589 | -€201,429 | -€210,276 | €283,106 | €347,904 | ▲ 22.9% |
| Profit (loss) for the period to be appropriated9905 | -€179,589 | -€201,429 | -€210,276 | €283,106 | €347,904 | ▲ 22.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €2.5m | €1.6m | €1.1m | €1.0m | ▼ 11.3% |
| Fixed assets21/28 | €2.5m | €1.9m | €1.4m | €1.1m | €866,418 | ▼ 24.1% |
| Tangible fixed assets22/27 | €2.5m | €1.9m | €1.4m | €1.1m | €866,418 | ▼ 24.1% |
| Land and buildings22 | €1.8m | €1.6m | €1.3m | €1.1m | €794,952 | ▼ 24.6% |
| Plant, machinery and equipment23 | €635,291 | €373,056 | €121,832 | €87,891 | €71,466 | ▼ 18.7% |
| Current assets29/58 | €543,243 | €524,288 | €158,559 | €2,623 | €149,270 | ▲ 5,590% |
| Amounts receivable within one year40/41 | €541,310 | €523,149 | €74,052 | - | €145,077 | - |
| Trade receivables40 | €539,946 | €498,059 | €74,052 | - | - | - |
| Other amounts receivable41 | €1,364 | €25,090 | €0 | - | €145,077 | - |
| Cash at bank and in hand54/58 | €1,933 | €1,139 | €84,507 | €2,623 | €4,193 | ▲ 59.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €2.5m | €1.6m | €1.1m | €1.0m | ▼ 11.3% |
| Equity10/15 | -€841,238 | -€1.0m | -€1.3m | -€976,746 | -€630,588 | ▲ 35.4% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Capital10 | €0 | - | - | - | - | - |
| Issued capital100 | €0 | - | - | - | - | - |
| Outside capital11 | €18,550 | €18,550 | - | - | - | - |
| Other1109/19 | €18,550 | €18,550 | - | - | - | - |
| Reserves13 | €52,198 | €52,198 | €52,198 | €52,198 | €52,198 | = |
| Non-distributable reserves130/1 | €52,198 | €52,198 | €52,198 | €52,198 | €52,198 | = |
| Legal reserve130 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €52,198 | €52,198 | €52,198 | €52,198 | €52,198 | = |
| Profit (loss) carried forward14 | -€924,134 | -€1.1m | -€1.3m | -€1.1m | -€704,829 | ▲ 33.0% |
| Investment grants15 | €12,149 | €8,732 | €6,985 | €5,239 | €3,493 | ▼ 33.3% |
| Provisions and deferred taxes16 | €4,049 | €2,910 | €2,328 | €1,746 | €1,164 | ▼ 33.3% |
| Deferred taxes168 | €4,049 | €2,910 | €2,328 | €1,746 | €1,164 | ▼ 33.3% |
| Amounts payable17/49 | €3.8m | €3.5m | €2.8m | €2.1m | €1.6m | ▼ 22.4% |
| Amounts payable after more than one year17 | €3.3m | €3.2m | €2.5m | €1.5m | €1.3m | ▼ 17.5% |
| Financial debts170/4 | €2.3m | €2.1m | €1.8m | €1.5m | €1.3m | ▼ 17.5% |
| Other amounts payable178/9 | €998,815 | €1.1m | €701,199 | - | - | - |
| Amounts payable within one year42/48 | €486,199 | €277,609 | €278,639 | €514,127 | €307,793 | ▼ 40.1% |
| Current portion of amounts payable after more than one year42 | €463,787 | €254,783 | €258,975 | €263,413 | €267,839 | ▲ 1.7% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €22,412 | €22,826 | €6,991 | €42,159 | €26,558 | ▼ 37.0% |
| Suppliers440/4 | €22,412 | €22,826 | €6,991 | €42,159 | €26,558 | ▼ 37.0% |
| Taxes, remuneration and social security45 | - | - | €12,674 | €13,021 | €13,396 | ▲ 2.9% |
| Taxes450/3 | - | - | €12,674 | €13,021 | €13,396 | ▲ 2.9% |
| Other amounts payable47/48 | - | - | - | €195,534 | - | - |
| Accrued charges and deferred income492/3 | €56,272 | €53,699 | €76,834 | €75,897 | €75,308 | ▼ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€179,589 | -€201,429 | -€210,276 | €283,106 | €347,904 | ▲ 22.9% |
| + Depreciation and write-downs630 | €521,638 | €521,643 | €510,632 | €293,349 | €275,832 | ▼ 6.0% |
| Operating cash flow (approximation) | €342,049 | €320,215 | €300,356 | €576,455 | €623,736 | ▲ 8.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€793 | €83,367 | -€81,883 | €1,570 | ▲ 102% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €347,904 ▲22.9%
Operating result €378,172, net result €347,904, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €283,106
Net result €283,106 after 6 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 1.12
Current ratio from 0.27 to 1.12; short-term debt falls from €2.2m to €486,199.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts
We know of 21 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
21 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, Sint-Katelijne-Waver · 1 establishment unit since 2007
Ground area
35.2 ha
Building footprint
3.6 ha
Volume, LiDAR
268,002 m³
2 parcels, Flanders · tallest building 17.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
H-COOL
since 20072.163.371.105
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422D0389/00F002 | Flanders | 26.7 ha | 1 · 4,679 m² | 17.6 m · 2 fl. |
| 71352D0914/00X004 | Flanders | 8.5 ha | 1 · 3.1 ha | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 ownerChain of control
- BELORTA
- BELGISCHE FRUITVEILING
- H-COOL
Highest known parent: BELORTA. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of H-COOL 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,225 companies in sector 81300 we hold annual accounts for 4,369. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
01610Support activities for crop production
70100Activities of head offices
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889504945
Registered
01-10-2025
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.