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H L

Active
Private limited companyfounded 201016 years activeVeemarkt(Kor) 28, 8500 Kortrijk, BelgiumKBO/BCE: BE 0828.776.017
Summary

H L has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128,001 and a net result of €23,916. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 33,994 sector peers (NACE 43, fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Activity
Joinery installation
NACE 43320
1 site
Size
€569,652total assets 2025
Staff
1 FTE
Equity
€128,001
Profit
€23,916
Turnover not published (abridged schema)
Financial health
65 Healthy Checked score 2025
Bankruptcy probability, 12 months
1.0%
Structure
Accounts filed 30 days late0 of 4 deeds read
Why 65- Liquidity: current ratio 2.67, cash €1,131, halved- Latest accounts 30 days late; 1 of the last 3 late- Sector Specialised construction activities (NACE 43)+ Founded in 2010Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 30% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 47-1
equity 22.5% of total assets
Liquidity 42+5
short-term debt 22.5% · cash 0.2%
Profitability 44-16
return on assets 4.2%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,513 companies)
Last 24 months 11-2024: 1.7%highest value 12-2024: 1.7%● unchanged vs 11-2024highest value 01-2025: 1.7%● unchanged vs 12-2024highest value 02-2025: 1.7%● unchanged vs 01-2025highest value 03-2025: 1.7%● unchanged vs 02-2025highest value 04-2025: 1.7%● unchanged vs 03-2025 05-2025: 1.6%▼ -0.1 percentage points vs 04-2025 06-2025: 1.6%● unchanged vs 05-2025 07-2025: 1.7%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▼ -0.9 percentage points vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.7%▼ -0.1 percentage points vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025lowest value 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.8%▲ +0.1 percentage points vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 1.3%▲ +0.5 percentage points vs 07-2026 09-2026: 1.0%▼ -0.3 percentage points vs 08-2026 10-2026: 1.0%● unchanged vs 09-2026
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.67 against 1.74 in 2024; short-term debt: 22.5% and cash: 0.2% of total assets), but 77.5% of the assets are financed with debt.
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 43, micro): better than 24% on solvency, 32% on liquidity, 21% on profitability and 43% on growth.

The bankruptcy probability was computed on 06-10-2026 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

Six signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 2.67, cash €1,131, halved
NBB · annual accounts
raises risk · Latest accounts 30 days late; 1 of the last 3 late
NBB · filings
raises risk · Sector Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 2010
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 33994 sector peers (2025).
NBB · sector comparison
Position among 33994 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 filings
Deviation from the deadline
2025
30 days late
2024
on the day
2023
31 days late
2022
30 days late
2021
31 days late
2020
30 days late
2019
91 days late
← 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 35 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Positive: 7 profitable years in a rowprofit 2025: €23,916 7 years View
  • Among the largest 20% on gross marginsector median €39,022 · 33,954 companies €118,295 View
  • Total assets 20256 fiscal years filed €569,652 View

By topic

Financials

Fiscal year
2025
Total assets
€569,652
Profit
€23,916
Solvency
22.5%
Total assets▲ 4.9%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 31-12-2023Equity above €100,000
  2. 30-08-2023Annual accounts filed
  3. 31-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
26-08-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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