H GROUP
ActiveH GROUP has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.99M and a net result of €358k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 4830 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability90▲+90
Solvency10▼-5
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days only on tighter terms
Liquidity short (current ratio 0.35 against 0.51 in 2023), and 84.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15.5%
Return on assets
2.8%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
7 d early
2022
7 d early
2021
58 d late
2020
2 d early
2019
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€358k
2023 · €-246k
2018: €-85k
2019: €17k
2020: €-170k
2021: €630k
2022: €-381k
2023: €-246k
2018 → 2024
Working capital
€-5.97M▼ 154%
2023 · €-2.35M
2018: €-742k
2019: €-438k
2020: €-1.16M
2021: €-135k
2022: €-2.07M
2023: €-2.35M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.11M-€955k▼ 14.2%€1.88M▲ 96.5%€1.63M▼ 13.1%€1.99M▲ 21.9%
Operating result€-204k-€926k€-421k€-284k▲ 32.6%€-213k▲ 25.0%
Net result€-170k-€630k€-381k€-246k▲ 35.5%€358k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €213k in 2024 against €284k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12.86M
Fixed assets
€9.67M▲ 66.4%
Current assets
€3.19M▲ 30.7%
Equity and liabilities €12.86M
Equity
€1.99M▲ 21.9%
Provisions
€257k▼ 1.6%
Debt
€10.61M▲ 66.9%
The debt ratio rises from 77.1% to 82.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€-109k▲
2023 · €-180k
Cash flow
€461k▲
2023 · €-143k
Solvency
15.5%▼
2023 · 19.8%
Current ratio
0.35▼
2023 · 0.51
Quick ratio
0.34▼
2023 · 0.50
Debt / equity
5.34▲
2023 · 3.90
ROE
18.0%▲
2023 · -15.1%
ROA
2.8%▲
2023 · -3.0%
Interest coverage
-4.08▲
2023 · -6.10
Debt
€10.61M▲
2023 · €6.36M
Debt ≤ 1 year
€9.15M▲
2023 · €4.79M
Debt > 1 year
€1.46M▼
2023 · €1.57M
Staff costs
€59k▼
2023 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€8.25M€12.86M▲
Fixed assets21/28€5.81M€9.67M▲
Tangible fixed assets22/27€4.15M€4.15M▼
Land and buildings22€3.92M€3.91M▼
Plant, machinery and equipment23€756€578▼
Furniture and vehicles24€210k€215k▲
Other tangible fixed assets26€22k€21k▼
Financial fixed assets28€1.66M€5.52M▲
Current assets29/58€2.44M€3.19M▲
Stocks and contracts in progress3€28k€32k▲
Stocks30/36€28k€32k▲
Amounts receivable within one year40/41€2.25M€2.34M▲
Trade receivables40€2k€33k▲
Other amounts receivable41€2.25M€2.31M▲
Current investments50/53€125k€125k=
Cash at bank and in hand54/58€31k€680k▲
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€8.25M€12.86M▲
Equity10/15€1.63M€1.99M▲
Contributions10/11€2.06M€2.06M=
Capital10€2.06M€2.06M=
Issued capital100€2.06M€2.06M=
Reserves13€783k€770k▼
Tax-exempt reserves132€783k€770k▼
Profit (loss) carried forward14€-1.22M€-846k▲
Provisions and deferred taxes16€261k€257k▼
Deferred taxes168€261k€257k▼
Amounts payable17/49€6.36M€10.61M▲
Amounts payable after more than one year17€1.57M€1.46M▼
Financial debts170/4€1.37M€1.26M▼
Other amounts payable178/9€200k€200k=
Amounts payable within one year42/48€4.79M€9.15M▲
Current portion of amounts payable after more than one year42€413k€414k▲
Trade debts44€17k€37k▲
Suppliers440/4€17k€37k▲
Taxes, remuneration and social security45€20k€13k▼
Taxes450/3€7k€13k▲
Remuneration and social security454/9€13k€35▼
Other amounts payable47/48€4.34M€8.69M▲
Accrued charges and deferred income492/3-€5k
Income statement
Code20232024
Non-recurring operating income76A€901€620▼
Remuneration, social security and pensions62€61k€59k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€103k=
Other operating charges640/8€22k€20k▼
Gross operating margin9900€-97k€-30k▲
Operating profit (loss)9901€-284k€-213k▲
Financial income75/76B€65k€593k▲
Recurring financial income75€65k€52k▼
Non-recurring financial income76B-€541k
Financial charges65/66B€31k€27k▼
Recurring financial charges65€30k€27k▼
Non-recurring financial charges66B€1k-
Profit (loss) for the period before taxes9903€-250k€354k▲
Transfer from deferred taxes780€4k€4k=
Profit (loss) for the period9904€-246k€358k▲
Transfer from tax-exempt reserves789€13k€13k=
Profit (loss) for the period to be appropriated9905€-233k€370k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.22M€-846k▲
Profit (loss) brought forward from the previous period14P€-983k€-1.22M▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 54 days late
2024
31-12
Financial
Back to profitnet €358k
Net result €358k after 2 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-381k ▼160%
Net result drops to €-381k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1MEq €1.88M ▲96.5%
Equity rises from €955k to €1.88M.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 58 days late
2021
31-12
Financial
Back to profitnet €630k
Net result €630k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
08-02-2021
Resigned as Director
08-02-2021
Resigned as Managing director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eugène Flageyplein 181050 ElseneGround area
4,093 m²
Building footprint
4,090 m²
Volume, LiDAR
95,656 m³
Parcel 21443C0149/00M000, Brussels · tallest building 46.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Eugène Flageyplein 18, 1050 Elsene
since 20082.174.037.838
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0149/00M000 | Brussels | 4,093 m² | 1 · 4,090 m² | 46.8 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
Similar companies · same sector, comparable size
SCHOLLIER-STRUBBE BOUWPROMOTIE
BE 0433.716.989
Koekelare · Eq €1.99M
ROLUMO
BE 0445.215.845
Aalter · Eq €1.99M
ROCADE
BE 0475.443.619
Temse · Eq €1.99M
Immobilier et finance
BE 0442.213.201
Brussel · Eq €2.00M
KMO-INVEST
BE 0837.274.207
Lommel · Eq €1.98M
Of 9,637 companies in sector 68121 we hold annual accounts for 7,329. 2,980 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-09-2008
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.