H-MANAGEMENT
ActiveH-MANAGEMENT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.46M and a net result of €-59k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 62% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability35▼-35
Solvency71▼-16
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 4.97 against 15.13 in 2023; short-term debt: 12.4% and cash: 4.3% of total assets), but 54% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
46%
Return on assets
-0.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
36 d early
2022
21 d early
2021
38 d early
2020
22 d early
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€3.46M▼ 1.7%
2023 · €3.52M
2018: €-433k
2019: €-311k
2020: €-236k
2021: €-450k
2022: €-436k
2023: €3.52M
2018 → 2024
Total assets
€7.52M▲ 32.8%
2023 · €5.66M
2018: €3.69M
2019: €3.56M
2020: €3.71M
2021: €3.43M
2022: €3.45M
2023: €5.66M
2018 → 2024
Net result
€-59k
2023 · €74k
2018: €55k
2019: €122k
2020: €75k
2021: €-214k
2022: €2k
2023: €74k
2018 → 2024
Working capital
€3.71M▲ 51.6%
2023 · €2.45M
2018: €-479k
2019: €-5k
2020: €134k
2021: €-144k
2022: €855
2023: €2.45M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-236k-€-450k▼ 90.7%€-436k▲ 3.1%€3.52M€3.46M▼ 1.7%
Operating result€68k-€-209k€3k€114k▲ 3,210%€68k▼ 40.4%
Net result€75k-€-214k€2k€74k▲ 4,760%€-59k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.52M
Fixed assets
€2.88M▼ 5.4%
Current assets
€4.64M▲ 77.2%
Equity and liabilities €7.52M
Equity
€3.46M▼ 1.7%
Debt
€4.06M▲ 89.5%
The debt ratio rises from 37.9% to 54.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€260k▼
2023 · €302k
Cash flow
€132k▼
2023 · €263k
Solvency
46.0%▼
2023 · 62.1%
Current ratio
4.97▼
2023 · 15.13
Quick ratio
0.35▼
2023 · 2.72
Debt / equity
1.17▲
2023 · 0.61
ROE
-1.7%▼
2023 · 2.1%
ROA
-0.8%▼
2023 · 1.3%
Interest coverage
2.05▼
2023 · 7.26
Debt
€4.06M▲
2023 · €2.14M
Debt ≤ 1 year
€934k▲
2023 · €173k
Debt > 1 year
€2.96M▲
2023 · €1.93M
Income taxes
€381▼
2023 · €406
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€5.66M€7.52M▲
Fixed assets21/28€3.04M€2.88M▼
Tangible fixed assets22/27€3.04M€2.88M▼
Land and buildings22€2.88M€2.76M▼
Plant, machinery and equipment23€108k€90k▼
Furniture and vehicles24-€23k
Leasing and similar rights25€56k-
Financial fixed assets28€333€333=
Current assets29/58€2.62M€4.64M▲
Stocks and contracts in progress3€2.15M€4.32M▲
Stocks30/36€2.15M€4.32M▲
Amounts receivable within one year40/41€2k€1k▼
Trade receivables40€2k€998▼
Other amounts receivable41€19€19=
Cash at bank and in hand54/58€448k€323k▼
Deferred charges and accrued income490/1€21k€5k▼
Equity and liabilities
Total equity and liabilities10/49€5.66M€7.52M▲
Equity10/15€3.52M€3.46M▼
Contributions10/11€3.90M€3.90M=
Capital10€3.90M€3.90M=
Issued capital100€3.90M€3.90M=
Reserves13€102k€102k=
Distributable reserves133€102k€102k=
Profit (loss) carried forward14€-483k€-543k▼
Amounts payable17/49€2.14M€4.06M▲
Amounts payable after more than one year17€1.93M€2.96M▲
Financial debts170/4-€1.50M
Other amounts payable178/9€1.93M€1.46M▼
Amounts payable within one year42/48€173k€934k▲
Current portion of amounts payable after more than one year42€23k-
Trade debts44€94k€93k▼
Suppliers440/4€94k€93k▼
Advances received on contracts in progress46-€673k
Taxes, remuneration and social security45€20k€140k▲
Taxes450/3€20k€140k▲
Other amounts payable47/48€36k€28k▼
Accrued charges and deferred income492/3€41k€170k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€189k€192k▲
Other operating charges640/8€58k€64k▲
Gross operating margin9900€360k€323k▼
Operating profit (loss)9901€114k€68k▼
Financial income75/76B€2k€3▼
Recurring financial income75€2k€3▼
Financial charges65/66B€42k€127k▲
Recurring financial charges65€42k€127k▲
Profit (loss) for the period before taxes9903€74k€-59k▼
Income taxes67/77€406€381▼
Profit (loss) for the period9904€74k€-59k▼
Profit (loss) for the period to be appropriated9905€74k€-59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-483k€-543k▼
Profit (loss) brought forward from the previous period14P€-557k€-483k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 15current ratio 15.13
Current ratio from 1.00 to 15.13; short-term debt falls from €363k to €173k.
31-12
Financial
Equity above €2MEq €3.52M
2 profitable years in a row build equity to €3.52M.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-214k ▼387%
Net result drops to €-214k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €122k ▲121%
Operating result €122k, net result €122k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
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.
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, Olen · 1 establishment unit since 2007
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.
Industrielaan 152250 OlenGround area
2.1 ha
Building footprint
1.3 ha
Volume, LiDAR
106,129 m³
Parcel 13029F0431/00S000, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Industrielaan 15, 2250 Olen
since 20072.167.519.636
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029F0431/00S000 | Flanders | 2.1 ha | 1 · 1.3 ha | 13.6 m · 3 fl. |
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.
Similar companies · same sector, comparable size
DW INVEST
BE 0881.225.994
Sint-Jans-Molenbeek · Eq €3.45M
VDVC INVEST
BE 0822.765.678
Ledegem · Eq €3.45M
FLEX GROUP
BE 0893.899.441
Tessenderlo-Ham · Eq €3.47M
EXTEND
BE 0442.867.554
Schilde · Eq €3.48M
WANDA
BE 0478.621.556
Aarschot · Eq €3.48M
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 2,120 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-12-2007
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
64300Financial service activities, except insurance and pension funding
64310Financial service activities, except insurance and pension funding
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
70220Business consulting
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.