H&H Construct
ActiveSummary
H&H Construct has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.0m and a net result of €136,286. Equity is growing by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 47% of 2098 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-3
Solvency61=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.32 in 2023; short-term debt: 52.4% and cash: 16.6% of total assets), and 64.4% of the assets are financed with debt.
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Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
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
35.6%
Return on assets
4.7%
Age of the figures
21 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 29-09-2025, 60 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
60 d late
2023
27 d late
2022
24 d late
2021
30 d late
2020
32 d late
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#3 company by total assets in Wellen, Construction sector#4 company by equity in Wellen, Construction sector
Equity
€1.0m▲ 14.2%
2023 · €902,957
Total assets
€2.9m▲ 14.9%
2023 · €2.5m
Net result
€136,286▼ 28.2%
2023 · €189,902
Working capital
€573,220▲ 48.5%
2023 · €386,058
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20202021202220232024
Operating result€32,519▼ 90.3%€184,863▲ 468%€332,591▲ 79.9%€289,545▼ 12.9%€243,822▼ 15.8%
Net result€31,911within the sector's middle half▼ 84.7%€129,361above the sector's middle half▲ 305%€235,646above the sector's middle half▲ 82.2%€189,902above the sector's middle half▼ 19.4%€136,286above the sector's middle half▼ 28.2%
Equity€348,047within the sector's middle half▲ 10.1%€477,409within the sector's middle half▲ 37.2%€713,055within the sector's middle half▲ 49.4%€902,957above the sector's middle half▲ 26.6%€1.0mabove the sector's middle half▲ 14.2%
Total assets€2.4mabove the sector's middle half▼ 15.7%€3.6mabove the sector's middle half▲ 51.9%€1.7mwithin the sector's middle half▼ 52.0%€2.5mabove the sector's middle half▲ 45.7%€2.9mabove the sector's middle half▲ 14.9%
Debt€2.0m▼ 19.2%€3.1m▲ 55.3%€982,566▼ 68.2%€1.6m▲ 61.1%€1.8m▲ 15.7%
Working capital€57,704within the sector's middle half▼ 71.8%-€2,061below the sector's middle half€240,827within the sector's middle half€386,058within the sector's middle half▲ 60.3%€573,220above the sector's middle half▲ 48.5%
Solvency14.7%below the sector's middle half▲ 3.4pp13.3%below the sector's middle half▼ 1.4pp41.2%within the sector's middle half▲ 28.0pp35.8%within the sector's middle half▼ 5.4pp35.6%within the sector's middle half▼ 0.2pp
Current ratio1.03below the sector's middle half▼ 0.061.00below the sector's middle half▼ 0.031.33within the sector's middle half▲ 0.331.32within the sector's middle half▼ 0.011.38within the sector's middle half▲ 0.06
Return on assets (ROA)1.3%within the sector's middle half▼ 6.1pp3.6%within the sector's middle half▲ 2.2pp13.6%above the sector's middle half▲ 10.0pp7.5%within the sector's middle half▼ 6.1pp4.7%within the sector's middle half▼ 2.8pp
Staff (FTE)15.6above the sector's middle half▲ 3.3%17above the sector's middle half▲ 9.0%16.9above the sector's middle half▼ 0.6%17.1above the sector's middle half▲ 1.2%16.6above the sector's middle half▼ 2.9%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
The operating result has fallen two years in a row; 2024 is 16% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.9m
Fixed assets
€806,086 ▼ 11.7%
Current assets
€2.1m ▲ 30.0%
Equity and liabilities €2.9m
Equity
€1.0m ▲ 14.2%
Provisions
€33,257 =
Debt
€1.8m ▲ 15.7%
Debt's share of the balance-sheet total rises from 62.8% to 63.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€466,936▲
2023 · €456,756
Cash flow
€359,399▲
2023 · €357,114
Quick ratio
0.88▼
2023 · 0.97
Debt to equity
1.78▲
2023 · 1.75
ROE
13.2%▼
2023 · 21.0%
Interest coverage
6.96▼
2023 · 13.34
Debt ≤ 1 year
€1.5m▲
2023 · €1.2m
Debt > 1 year
€270,335▼
2023 · €326,469
Income taxes
€63,517▼
2023 · €92,658
Staff costs
€963,516▲
2023 · €948,783
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 14,733 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €738,802 | €855,786 | €948,783 | €963,516 | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97,957 | €127,061 | €190,191 | €167,212 | €223,114 | ▲ 33.4% |
| Other operating charges640/8 | - | €16,729 | €13,582 | €120,598 | €55,989 | ▼ 53.6% |
| Gross operating margin9900 | €838,067 | €1.1m | €1.4m | €1.5m | €1.5m | ▼ 2.6% |
| Operating profit (loss)9901 | €32,519 | €184,863 | €332,591 | €289,545 | €243,822 | ▼ 15.8% |
| Financial income75/76B | - | €29,088 | €36,152 | €27,261 | €23,030 | ▼ 15.5% |
| Recurring financial income75 | €26,665 | €29,088 | €36,152 | €27,261 | €23,030 | ▼ 15.5% |
| Financial charges65/66B | - | €34,245 | €27,500 | €34,244 | €67,049 | ▲ 95.8% |
| Recurring financial charges65 | €17,549 | €34,245 | €27,500 | €34,244 | €67,049 | ▲ 95.8% |
| Profit (loss) for the period before taxes9903 | €41,634 | €179,707 | €341,243 | €282,561 | €199,803 | ▼ 29.3% |
| Income taxes67/77 | €9,723 | €50,345 | €105,597 | €92,658 | €63,517 | ▼ 31.5% |
| Profit (loss) for the period9904 | €31,911 | €129,361 | €235,646 | €189,902 | €136,286 | ▼ 28.2% |
| Profit (loss) for the period to be appropriated9905 | €31,911 | €129,361 | €235,646 | €189,902 | €136,286 | ▼ 28.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €3.6m | €1.7m | €2.5m | €2.9m | ▲ 14.9% |
| Fixed assets21/28 | €408,865 | €722,564 | €758,098 | €912,496 | €806,086 | ▼ 11.7% |
| Tangible fixed assets22/27 | €408,428 | €722,127 | €757,525 | €891,224 | €805,951 | ▼ 9.6% |
| Land and buildings22 | - | €88,000 | €84,000 | €80,000 | €76,000 | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €328,870 | €322,541 | €271,261 | €233,335 | ▼ 14.0% |
| Furniture and vehicles24 | - | €56,286 | €187,524 | €190,439 | €151,448 | ▼ 20.5% |
| Leasing and similar rights25 | - | €248,971 | €163,461 | €307,646 | €308,398 | ▲ 0.2% |
| Other tangible fixed assets26 | - | - | - | €41,879 | €36,770 | ▼ 12.2% |
| Financial fixed assets28 | €438 | €438 | €573 | €21,272 | €135 | ▼ 99.4% |
| Current assets29/58 | €2.0m | €2.9m | €970,781 | €1.6m | €2.1m | ▲ 30.0% |
| Stocks and contracts in progress3 | €587,065 | €858,875 | €199,542 | €417,855 | €759,600 | ▲ 81.8% |
| Stocks30/36 | - | €858,875 | €190,627 | €417,855 | €738,158 | ▲ 76.7% |
| Contracts in progress37 | - | - | €8,915 | €0 | €21,442 | - |
| Amounts receivable within one year40/41 | €1.2m | €1.6m | €557,812 | €562,870 | €809,745 | ▲ 43.9% |
| Trade receivables40 | - | €246,692 | €377,874 | €238,396 | €433,768 | ▲ 82.0% |
| Other amounts receivable41 | - | €1.4m | €179,938 | €324,474 | €375,977 | ▲ 15.9% |
| Cash at bank and in hand54/58 | €45,635 | €351,050 | €176,959 | €608,917 | €480,311 | ▼ 21.1% |
| Deferred charges and accrued income490/1 | - | €60,813 | €36,468 | €17,241 | €39,849 | ▲ 131% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €3.6m | €1.7m | €2.5m | €2.9m | ▲ 14.9% |
| Equity10/15 | €348,047 | €477,409 | €713,055 | €902,957 | €1.0m | ▲ 14.2% |
| Contributions10/11 | - | €45,414 | €45,414 | €45,414 | €40,456 | ▼ 10.9% |
| Reserves13 | €307,591 | €431,995 | €667,641 | €857,543 | €990,355 | ▲ 15.5% |
| Tax-exempt reserves132 | - | €1,079 | €1,079 | €1,079 | €1,079 | = |
| Distributable reserves133 | - | €430,916 | €666,562 | €856,465 | €989,276 | ▲ 15.5% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €33,257 | €33,257 | €33,257 | €33,257 | €33,257 | = |
| Provisions for liabilities and charges160/5 | - | €33,257 | €33,257 | €33,257 | €33,257 | = |
| Pensions and similar obligations160 | - | €33,257 | €33,257 | €33,257 | €33,257 | = |
| Amounts payable17/49 | €2.0m | €3.1m | €982,566 | €1.6m | €1.8m | ▲ 15.7% |
| Amounts payable after more than one year17 | €85,264 | €182,883 | €249,044 | €326,469 | €270,335 | ▼ 17.2% |
| Financial debts170/4 | - | €182,883 | €249,044 | €326,469 | €270,335 | ▼ 17.2% |
| Amounts payable within one year42/48 | €1.9m | €2.9m | €729,954 | €1.2m | €1.5m | ▲ 24.2% |
| Current portion of amounts payable after more than one year42 | - | €1.2m | €335,358 | €524,957 | €801,421 | ▲ 52.7% |
| Financial debts43 | - | - | €0 | - | - | - |
| Credit institutions430/8 | - | - | €0 | - | - | - |
| Trade debts44 | €421,342 | €547,347 | €204,235 | €258,232 | €384,112 | ▲ 48.7% |
| Suppliers440/4 | - | €547,347 | €204,235 | €258,232 | €384,112 | ▲ 48.7% |
| Advances received on contracts in progress46 | - | €1.1m | €0 | €40,000 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €36,779 | €67,016 | €88,370 | €66,127 | ▼ 25.2% |
| Taxes450/3 | - | €5,317 | €34,252 | €53,013 | €20,985 | ▼ 60.4% |
| Remuneration and social security454/9 | - | €31,462 | €32,764 | €35,357 | €45,142 | ▲ 27.7% |
| Other amounts payable47/48 | - | €27,702 | €123,345 | €309,266 | €264,627 | ▼ 14.4% |
| Accrued charges and deferred income492/3 | - | €26,955 | €3,568 | €35,870 | €44,902 | ▲ 25.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,911 | €129,361 | €235,646 | €189,902 | €136,286 | ▼ 28.2% |
| + Depreciation and write-downs630 | €97,957 | €127,061 | €190,191 | €167,212 | €223,114 | ▲ 33.4% |
| Operating cash flow (approximation) | €129,869 | €256,422 | €425,837 | €357,114 | €359,399 | ▲ 0.6% |
| Investment in fixed assets (approximation) | - | -€440,760 | -€225,724 | -€321,610 | -€116,704 | ▲ 63.7% |
| Change in cash | - | €305,415 | -€174,091 | €431,959 | -€128,607 | ▼ 130% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Equity above €1mEq €1.0m ▲14.2%
7 profitable years in a row build equity to €1.0m.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
31-12
Financial
Highest result since 2018net €235,646 ▲82.2%
Net result €235,646, the highest in the series.
31-12
Financial
Equity above €500,000Eq €713,055 ▲49.4%
5 profitable years in a row build equity to €713,055.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 32 days late
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
31-12
Financial
Equity above €200,000Eq €316,136 ▲195%
2 profitable years in a row build equity to €316,136.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Wellen · 1 establishment unit since 1999
Ground area
932 m²
Building footprint
348 m²
Volume, LiDAR
2,169 m³
Parcel 73098D0834/00W000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Broekstraat 53, 3830 Wellen
since 19992.092.392.839
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73098D0834/00W000 | Flanders | 932 m² | 1 · 348 m² | 7.7 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
0.3%
According to the 2021 annual accounts of H&H Construct 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,612 EUR awarded · 1,612 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 166 EUR | 166 EUR |
| 2023 | 2 | 1,446 EUR | 1,446 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 endedBekister (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Metselaar (so)
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. 6,318 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
Founded13-08-1999
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43230Insulation installation
43310Plastering work
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466687091
Also
9925:BE0466687091
Registered
22-06-2026
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.