H & H CONSTRUCTIONS
ActiveThe file of H & H CONSTRUCTIONS contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.
Summary
The latest annual accounts of H & H CONSTRUCTIONS were filed more than 90 days after the deadline. The computed 12-month bankruptcy probability is 6.7% (elevated). The 2023 annual accounts show negative equity (-€153,393) and a net result of -€106,579. Its solvency ranks better than 5% of 33,637 sector peers (NACE 43, financial year 2023).
Financials · financial year 2023, micro format
Equity
-€153,393
Total assets
€78,486
Net result
-€106,579
Working capital
-€165,264
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
Assets €78,486
Fixed assets
€11,871
Current assets
€66,615
Equity and liabilities
Equity-€153,393
Debt€231,879
Equity is negative: debt (€231,879) exceeds the balance-sheet total (€78,486).
Key figures and ratios
EBITDA
-€94,298
Cash flow
-€103,782
Solvency
-195.4%
Current ratio
0.29
ROA
-135.8%
Interest coverage
-9.93
Debt
€231,879
Debt ≤ 1 year
€231,879
Staff costs
€61,127
No debt to equity: equity is negative, so debt divided by equity means nothing.
Annual accounts
| Line | 2023 |
|---|---|
| Remuneration, social security and pensions62 | €61,127 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,797 |
| Other operating charges640/8 | €1,086 |
| Gross operating margin9900 | -€32,085 |
| Operating profit (loss)9901 | -€97,095 |
| Financial income75/76B | €11 |
| Recurring financial income75 | €11 |
| Financial charges65/66B | €9,495 |
| Recurring financial charges65 | €9,495 |
| Profit (loss) for the period before taxes9903 | -€106,579 |
| Profit (loss) for the period9904 | -€106,579 |
| Profit (loss) for the period to be appropriated9905 | -€106,579 |
| Line | 2023 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €78,486 | |
| Fixed assets21/28 | €11,871 | |
| Tangible fixed assets22/27 | €11,841 | |
| Plant, machinery and equipment23 | €4,044 | |
| Furniture and vehicles24 | €7,797 | |
| Financial fixed assets28 | €30 | |
| Current assets29/58 | €66,615 | |
| Amounts receivable within one year40/41 | €59,368 | |
| Trade receivables40 | €45,408 | |
| Other amounts receivable41 | €13,960 | |
| Cash at bank and in hand54/58 | €7,247 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €78,486 | |
| Equity10/15 | -€153,393 | |
| Contributions10/11 | €200 | |
| Profit (loss) carried forward14 | -€153,593 | |
| Amounts payable17/49 | €231,879 | |
| Amounts payable within one year42/48 | €231,879 | |
| Trade debts44 | €75,388 | |
| Suppliers440/4 | €75,388 | |
| Taxes, remuneration and social security45 | €9,575 | |
| Taxes450/3 | €3,913 | |
| Remuneration and social security454/9 | €5,662 | |
| Other amounts payable47/48 | €146,916 | |
| Line | 2023 |
|---|---|
| Profit (loss) for the period9904 | -€106,579 |
| + Depreciation and write-downs630 | €2,797 |
| Operating cash flow (approximation) | -€103,782 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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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 the 20,002 companies in this sector, figures are known for 9,280. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €194 awarded · €122 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €122 | €122 |
| 2022 | 1 | €72 | €0 |