H&H

Active

Private limited companyfounded 20205 yrs activeRingvaartweg-Wondelgem 1, 9032 Gent, BelgiumKBO/BCE: BE 0759.413.988

The computed 12-month bankruptcy probability of H&H is 2.5% (moderate). The 2025 annual accounts show equity of €109k and a net result of €104k. Equity is shrinking by ~23.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 14% of 1828 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

48 / 100

Fair▲ +3 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency10▲+6

Growth78▲+20

Stability94

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity short (current ratio 0.71 against 0.65 in 2024), and 92.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

7.5%

Return on assets

7.2%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 1828 sector peers (2025).

NBB · sector comparison

Position among 1828 sector peers

Solvency

better than 14%

← weakest strongest →

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

NBB · annual accounts 2025

Equity per financial year

2122232425

2021 to 2025 · latest year €109k

Latest accounts filed on time

The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 13-03-2026, 139 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

139 d early

2024

154 d early

2023

148 d early

2022

100 d early

2021

122 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

13-09-2026 today30-12-2026 close30-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€109k▲ 1,316%

2024 · €8k

2021: €89k 2022: €189k 2023: €57k 2024: €8k

2021 → 2025

Total assets

€1.44M▼ 7.2%

2024 · €1.56M

2021: €491k 2022: €941k 2023: €1.12M 2024: €1.56M

2021 → 2025

Net result

€104k▼ 6.7%

2024 · €112k

2021: €79k 2022: €102k 2023: €121k 2024: €112k

2021 → 2025

Working capital

€-162k▲ 34.4%

2024 · €-247k

2021: €3k 2022: €59k 2023: €-100k 2024: €-247k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€89k-€189k▲ 112%€57k▼ 69.6%€8k▼ 86.6%€109k▲ 1,316%

Operating result€85k-€117k▲ 38.8%€157k▲ 34.0%€158k▲ 0.3%€163k▲ 3.4%

Net result€79k-€102k▲ 29.5%€121k▲ 18.3%€112k▼ 7.4%€104k▼ 6.7%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2025 is 3% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.44M

72.9%

27.1%

Fixed assets €1.05M▼ 3.1%

Current assets €391k▼ 16.5%

Equity and liabilities €1.44M

92.5%

Equity €109k▲ 1,316%

Debt €1.34M▼ 13.7%

The debt ratio falls from 99.5% to 92.5%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€454k▲

2024 · €402k

Cash flow

€395k▲

2024 · €356k

Solvency

7.5%▲

2024 · 0.5%

Current ratio

0.71▲

2024 · 0.65

Quick ratio

0.71▲

2024 · 0.65

Debt / equity

12.29

ROE

96.0%

ROA

7.2%▲

2024 · 7.2%

Interest coverage

11.17▼

2024 · 11.82

Debt

€1.34M▼

2024 · €1.55M

Debt ≤ 1 year

€553k▼

2024 · €716k

Debt > 1 year

€782k▼

2024 · €832k

Income taxes

€20k▲

2024 · €16k

Staff costs

€539k▼

2024 · €547k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.56M€1.44M▼

Fixed assets21/28€1.09M€1.05M▼

Tangible fixed assets22/27€1.09M€1.05M▼

Leasing and similar rights25€1.09M€1.05M▼

Current assets29/58€468k€391k▼

Amounts receivable after more than one year29€150k€150k=

Other amounts receivable291€150k€150k=

Amounts receivable within one year40/41€305k€232k▼

Trade receivables40€85k€12k▼

Other amounts receivable41€220k€220k=

Cash at bank and in hand54/58€13k€9k▼

Equity and liabilities

Total equity and liabilities10/49€1.56M€1.44M▼

Equity10/15€8k€109k▲

Contributions10/11€2k€2k=

Reserves13-€104k

Distributable reserves133-€104k

Investment grants15€6k€2k▼

Amounts payable17/49€1.55M€1.34M▼

Amounts payable after more than one year17€832k€782k▼

Financial debts170/4€832k€782k▼

Amounts payable within one year42/48€716k€553k▼

Current portion of amounts payable after more than one year42€288k€379k▲

Trade debts44€16k€23k▲

Suppliers440/4€16k€23k▲

Taxes, remuneration and social security45€55k€52k▼

Taxes450/3€4k€321▼

Remuneration and social security454/9€52k€52k=

Other amounts payable47/48€356k€100k▼

Income statement Code20242025

Remuneration, social security and pensions62€547k€539k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€244k€290k▲

Other operating charges640/8€31k€36k▲

Gross operating margin9900€980k€1.03M▲

Operating profit (loss)9901€158k€163k▲

Financial income75/76B€4k€2k▼

Recurring financial income75€4k€2k▼

Financial charges65/66B€34k€41k▲

Recurring financial charges65€34k€41k▲

Profit (loss) for the period before taxes9903€127k€125k▼

Income taxes67/77€16k€20k▲

Profit (loss) for the period9904€112k€104k▼

Profit (loss) for the period to be appropriated9905€112k€104k▼

Appropriation of the result

Profit (loss) to be appropriated9906€112k€104k▼

Transfer from equity791/2€46k-

Transfer to equity691/2-€104k

To other reserves6921-€104k

Profit to be distributed694/7€158k-

Return on contributions (dividend)694€158k-

Social balance

Average headcount (FTE)908710.010.0=

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

Next filing, fiscal year 2026, expected by 30-07-2027

2026

13-03

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

30-12

Financial Equity above €100kEq €109k ▲1316%

5 profitable years in a row build equity to €109k.

26-02

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

04-03

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

30-12

Financial Highest result since 2021net €121k ▲18.3%

Net result €121k, the highest in the series.

21-04

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

30-12

Financial Equity above €150kEq €189k ▲112%

2 profitable years in a row build equity to €189k.

30-03

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 directors, no change since 2025

Hüseyin Duran

Director · since 01-01-2025

Current

Zeyit Duran

Director · since 01-01-2025

Current

01-01-2025 Hüseyin Duran: Appointed as Director

01-01-2025 Zeyit Duran: Appointed as Director

Location & real-estate footprint

Registered office, Gent · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Ringvaartweg-Wondelgem 19032 Gent

Ground area

1.4 ha

Building footprint

601 m²

Volume, LiDAR

38 m³

Parcel 44813S0320/00L002, Flanders · tallest building 12.6 m. Linked by address, not a title deed.

1 establishment unit

H&H

Ringvaartweg-Wondelgem 1, 9032 GentAgents in non-specialised wholesale trade

since 20202.311.232.460

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44813S0320/00L002	Flanders	1.4 ha	1 · 601 m²	12.6 m

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.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 3 entries · 7,338 EUR awarded · 7,338 EUR paid

Year	Entries	awarded	paid
2025	1	582 EUR	582 EUR
2024	1	756 EUR	756 EUR
2023	1	6,000 EUR	6,000 EUR

Schemes

Subsidies ecologisch en veilig transport (stopgezet)

1 entry · 6,000 EUR · 6,000 EUR paid · Departement Mobiliteit en Openbare Werken

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 1,338 EUR · 1,338 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

GULER TRANS

BE 0562.949.396

Schaarbeek · Eq €109k

THAWMAT

BE 0689.902.206

Anderlecht · Eq €111k

AL KHEDER

BE 0724.569.808

Sint-Jans-Molenbeek · Eq €111k

Schaarbeek · Eq €116k

Of 956 companies in sector 49310 we hold annual accounts for 478. 305 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-12-2020

Fiscal year end30-12

Activities, NACEBEL

49310Scheduled passenger transport by road

49410Freight transport by road

49320Non-scheduled passenger transport by road

49390Land transport and transport via pipelines

53200Other postal and courier activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 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.