Summary
H'CORP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €10.15M and a net result of €4.58M. Its solvency ranks better than 38% of 8048 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2024, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 3 filingsDeviation from the deadline
2025
24 d late
2024
29 d late
2024
146 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10.15M▲ 82.3%
2024 · €5.57M
2024: €5.57M
2025: €10.15M▲ +82.3% vs 2024
2024 → 2025
Net result
€4.58M
2024 · €-55k
2024: €-55k
2025: €4.58M▲ +8495% vs 2024
2024 → 2025
Total assets
€27.40M▲ 37.2%
2024 · €19.97M
2024: €19.97M
2025: €27.40M▲ +37.2% vs 2024
2024 → 2025
Solvency
37.1%▲ 9.2pp
2024 · 27.9%
2024: 27.9%
2025: 37.1%▲ +32.9% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€5.57M-€10.15M▲ 82.3%
2024: €5.57M
2025: €10.15M▲ +82.3% vs 2024
Operating result€-117k-€-52k▲ 55.9%
2024: €-117k
2025: €-52k▲ +55.9% vs 2024
Net result€-55k-€4.58M
2024: €-55k
2025: €4.58M▲ +8495% vs 2024
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 €52k in 2025 against €117k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.40M
Fixed assets
€19.75M ▲ 3.9%
Current assets
€7.65M ▲ 700%
Equity and liabilities €27.40M
Equity
€10.15M ▲ 82.3%
Debt
€17.25M ▲ 19.8%
Debt's share of the balance-sheet total falls from 72.1% to 62.9%. Equity and debt are higher.
Key figures and ratios
ROE
45.1%▲
2024 · -1.0%
ROA
16.7%▲
2024 · -0.3%
Debt ≤ 1 year
€3.17M▲
2024 · €1.77M
Debt > 1 year
€14.07M▲
2024 · €12.57M
Income taxes
€7k▲
2024 · €-998
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€19.97M€27.40M▲
Fixed assets21/28€19.01M€19.75M▲
Tangible fixed assets22/27€2.63M€5.14M▲
Land and buildings22€2.61M€4.50M▲
Furniture and vehicles24€27k€511k▲
Other tangible fixed assets26-€130k
Financial fixed assets28€16.38M€14.61M▼
Current assets29/58€956k€7.65M▲
Stocks and contracts in progress3€552k€3.14M▲
Stocks30/36€552k€3.14M▲
Amounts receivable within one year40/41€392k€4.46M▲
Trade receivables40€392k€1.46M▲
Other amounts receivable41-€3.01M
Cash at bank and in hand54/58€12k€44k▲
Deferred charges and accrued income490/1-€102
Equity and liabilities
Total equity and liabilities10/49€19.97M€27.40M▲
Equity10/15€5.57M€10.15M▲
Contributions10/11€6.38M€6.38M=
Reserves13€47k€47k=
Non-distributable reserves130/1€47k€47k=
Reserves not available under the articles1311€47k€47k=
Profit (loss) carried forward14€-859k€3.72M▲
Amounts payable17/49€14.40M€17.25M▲
Amounts payable after more than one year17€12.57M€14.07M▲
Financial debts170/4€12.57M€14.07M▲
Amounts payable within one year42/48€1.77M€3.17M▲
Current portion of amounts payable after more than one year42-€635k
Trade debts44€77k€1.15M▲
Suppliers440/4€77k€1.15M▲
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€3k€9k▲
Remuneration and social security454/9€156€156=
Other amounts payable47/48€1.69M€1.39M▼
Accrued charges and deferred income492/3€55k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€323k€30k▼
Other operating charges640/8€1k€7k▲
Gross operating margin9900€207k€-14k▼
Operating profit (loss)9901€-117k€-52k▲
Financial income75/76B€71k€4.75M▲
Recurring financial income75€71k€4.75M▲
Financial charges65/66B€9k€110k▲
Recurring financial charges65€9k€110k▲
Profit (loss) for the period before taxes9903€-56k€4.59M▲
Income taxes67/77€-998€7k▲
Profit (loss) for the period9904€-55k€4.58M▲
Profit (loss) for the period to be appropriated9905€-55k€4.58M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-859k€3.72M▲
Profit (loss) brought forward from the previous period14P€-805k€-859k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €323k | €30k | ▼ 90.7% |
| Other operating charges640/8 | €1k | €7k | ▲ 411% |
| Gross operating margin9900 | €207k | €-14k | ▼ 107% |
| Operating profit (loss)9901 | €-117k | €-52k | ▲ 55.9% |
| Financial income75/76B | €71k | €4.75M | ▲ 6,604% |
| Recurring financial income75 | €71k | €4.75M | ▲ 6,604% |
| Financial charges65/66B | €9k | €110k | ▲ 1,123% |
| Recurring financial charges65 | €9k | €110k | ▲ 1,123% |
| Profit (loss) for the period before taxes9903 | €-56k | €4.59M | ▲ 8,357% |
| Income taxes67/77 | €-998 | €7k | ▲ 810% |
| Profit (loss) for the period9904 | €-55k | €4.58M | ▲ 8,495% |
| Profit (loss) for the period to be appropriated9905 | €-55k | €4.58M | ▲ 8,495% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €19.97M | €27.40M | ▲ 37.2% |
| Fixed assets21/28 | €19.01M | €19.75M | ▲ 3.9% |
| Tangible fixed assets22/27 | €2.63M | €5.14M | ▲ 95.1% |
| Land and buildings22 | €2.61M | €4.50M | ▲ 72.6% |
| Furniture and vehicles24 | €27k | €511k | ▲ 1,808% |
| Other tangible fixed assets26 | - | €130k | - |
| Financial fixed assets28 | €16.38M | €14.61M | ▼ 10.8% |
| Current assets29/58 | €956k | €7.65M | ▲ 700% |
| Stocks and contracts in progress3 | €552k | €3.14M | ▲ 469% |
| Stocks30/36 | €552k | €3.14M | ▲ 469% |
| Amounts receivable within one year40/41 | €392k | €4.46M | ▲ 1,038% |
| Trade receivables40 | €392k | €1.46M | ▲ 272% |
| Other amounts receivable41 | - | €3.01M | - |
| Cash at bank and in hand54/58 | €12k | €44k | ▲ 261% |
| Deferred charges and accrued income490/1 | - | €102 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €19.97M | €27.40M | ▲ 37.2% |
| Equity10/15 | €5.57M | €10.15M | ▲ 82.3% |
| Contributions10/11 | €6.38M | €6.38M | = |
| Reserves13 | €47k | €47k | = |
| Non-distributable reserves130/1 | €47k | €47k | = |
| Reserves not available under the articles1311 | €47k | €47k | = |
| Profit (loss) carried forward14 | €-859k | €3.72M | ▲ 533% |
| Amounts payable17/49 | €14.40M | €17.25M | ▲ 19.8% |
| Amounts payable after more than one year17 | €12.57M | €14.07M | ▲ 11.9% |
| Financial debts170/4 | €12.57M | €14.07M | ▲ 11.9% |
| Amounts payable within one year42/48 | €1.77M | €3.17M | ▲ 79.1% |
| Current portion of amounts payable after more than one year42 | - | €635k | - |
| Trade debts44 | €77k | €1.15M | ▲ 1,391% |
| Suppliers440/4 | €77k | €1.15M | ▲ 1,391% |
| Taxes, remuneration and social security45 | €3k | €9k | ▲ 189% |
| Taxes450/3 | €3k | €9k | ▲ 199% |
| Remuneration and social security454/9 | €156 | €156 | = |
| Other amounts payable47/48 | €1.69M | €1.39M | ▼ 18.2% |
| Accrued charges and deferred income492/3 | €55k | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-55k | €4.58M | ▲ 8,495% |
| + Depreciation and write-downs630 | €323k | €30k | ▼ 90.7% |
| Operating cash flow (approximation) | €268k | €4.61M | ▲ 1,621% |
| Investment in fixed assets (approximation) | - | €-767k | - |
| Change in cash | - | €32k | - |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Back to profitnet €4.58M
Net result €4.58M after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.41
Current ratio from 0.54 to 2.41.
31-12
Financial
Equity above €10MEq €10.15M ▲82.3%
Equity rises from €5.57M to €10.15M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified 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, Elsene · 1 establishment unit since 2024
Ground area
348 m²
Building footprint
160 m²
Volume, LiDAR
2,898 m³
Parcel 21444B0086/00V010, Brussels · tallest building 22.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
H-Corp
since 20242.363.392.924
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0086/00V010 | Brussels | 348 m² | 1 · 160 m² | 22.3 m · 6 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.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 6,001 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
Founded03-09-2024
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
68121Development of residential building projects
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.