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H.Hart services

Active
Non-profit associationfounded 2008active for 18 yearsBudastraat(Kor) 30, 8500 Kortrijk, Belgium12 active companies are registered at this addressKBO/BCE: BE 0897.041.350
Summary

H.Hart services has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €524,987 and a net result of -€208,471. Equity is shrinking by about 3.8% per year across the filed financial years. Its solvency ranks better than 28% of 484 sector peers (NACE 88, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
H.Hart servicesActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Social work activities without accommodation
NACE 88101Personal service activities NACE 96910
4th largest employer in Kortrijk, Health and social work sector6 sites
Size
€9.7mturnover 2025
Staff
295.9 FTE
Equity
€524,987
Deficit
-€208,471
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
8 members
Auditor: CALLENS VANDELANOTTE2025 accounts 16 days early2 of 9 deeds summarised
Why 91raises riskLoss of €208,471 (financial year 2025)lowers riskLegal form: non-profit associationLiquidity: current ratio 1.37, cash €892,511Sector: Social work activities without accommodation (NACE 88)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 30% of its sector peers (NACE 88, large)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 59-11
equity 34.1% of total assets
Liquidity 65-7
short-term debt 65.9% · cash 58.0%
Profitability 5-49
return on assets -13.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (91 companies, NACE 88, large)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026highest value 09-2026: < 0.1%● unchanged vs 08-2026highest value 10-2026: < 0.1%● unchanged vs 09-2026highest value
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.37, compared with 1.66 in 2024, below the usual 1.5; short-term debt: 65.9% and cash: 58% of total assets), and 65.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 88, large): better than 18% on solvency, 79% on liquidity, 3% on profitability and 19% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
raises risk · Loss of €208,471 (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.37, cash €892,511
NBB · annual accounts
lowers risk · Sector: Social work activities without accommodation (NACE 88)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
16 days early
2024
35 days early
2023
26 days early
2022
13 days early
2021
17 days early
2020
3 days early
2019
9 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 17 days before the deadline; the sector median (NACE 88) for financial year 2024 is 24 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Reappointment: NV CALLENS VANDELANOTTE (statutory auditor)Gazette deed
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Caution: From profit to loss in 2025after €25,710 in 2024 -€208,471 View
  • Caution: Among the weakest 8% on net resultsector median €50,555 · 484 companies -€208,471 View
  • Flemish supportawarded from 2022 to 2025 €24.3m View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

By topic

Financials

Financial year
2025
Turnover
€9.7m
Loss
-€208,471
Solvency
34.1%
Turnover▲ 0.6%
Net result
20182025
Go to Financials

Board & ownership

Board
8 members
Auditor
CALLENS VANDELANOTTE
  • Goetinck RikChair
  • Vercruysse GeertDirector
  • ALLAERT JanDirector
  • Annemie VosDirector
  • GEMMEL Paul André Antoine AlfredDirector

and 3 other directors

Go to Board & ownership

Timeline

Events
23
Since
2009
Next accounts
by 31-07-2027
  1. 05-07-2024Annual accounts filed
  2. 18-06-2024Appointments: ALLAERT Jan, VOS Annemie and 5…
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
6
Legal form
Non-profit association
Activity
Social work activities without accommodationNACE 88101
Founded
03-04-2008
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
35
Purpose
“Gezondheids-, welzijns-, kinderopvang- en ouderenzorginitiatieven oprichten, beheren en…” (deed in Dutch)
Go to Articles of association

Key facts about H.Hart services

What is the company number of H.Hart services?
0897.041.350. In Belgium the VAT number is the company number with BE in front: BE 0897.041.350.
Where is H.Hart services based?
The registered office is at Budastraat(Kor) 30, 8500 Kortrijk.Company details
What does H.Hart services do?
According to the KBO register, the main activity is social work activities without accommodation (NACE 88101).
What is the legal form of H.Hart services?
Non-profit association (VZW).
When was H.Hart services founded?
On 03-04-2008.
Is H.Hart services still active?
Yes, H.Hart services is an active enterprise in the KBO register.
How many employees does H.Hart services have?
On average 295.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of H.Hart services?
€9.7m in financial year 2025, according to the filed annual accounts.
Is H.Hart services profitable?
In financial year 2025, H.Hart services made a loss of €208,471.
Where can I find the annual accounts of H.Hart services?
H.Hart services filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of H.Hart services due?
By 31-07-2027, for financial year 2026.Timeline

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