H&R ARD
ActiveThe computed 12-month bankruptcy probability of H&R ARD is 1.5% (moderate). The 2025 annual accounts show equity of €2k and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 400 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency55▲+45
Growth49▼-9
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 4 filingsDeviation from the deadline
2025
6 d late
2024
65 d late
2021
26 d early
2020
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€113k▼ 0.7%
2024 · €114k
2024: €114k
2024 → 2025
EBIT margin
2.9%▲ 0.4pp
2024 · 2.5%
2024: 2.5%
2024 → 2025
Net result
€3k▼ 2.8%
2024 · €3k
2020: €607
2021: €-7k
2024: €3k
2020 → 2025
Working capital
€1k
2024 · €-2k
2020: €-4k
2021: €-3k
2024: €-2k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120242025Trend
Turnover€114k€113k▼ 0.7%
Equity€5k-€-3k€-1k▲ 57.9%€2k
Operating result€797-€-7k€3k€3k▲ 14.3%
Net result€607-€-7k€3k€3k▼ 2.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7k
Fixed assets
€862=
Current assets
€6k▼ 0.4%
Equity and liabilities €7k
Equity
€2k
Debt
€5k
Debt finances 70.3% of the balance-sheet total.
Key figures and ratios
Solvency
29.7%▲
2024 · -15.3%
Current ratio
1.25▲
2024 · 0.76
Quick ratio
1.25▲
2024 · 0.76
Debt / equity
2.36▲
2024 · -7.56
ROE
151.5%
ROA
45.1%▼
2024 · 46.2%
Debt
€5k▼
2024 · €8k
Debt ≤ 1 year
€5k▼
2024 · €8k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7k€7k▼
Fixed assets21/28€862€862=
Tangible fixed assets22/27€862€862=
Furniture and vehicles24€862€862=
Current assets29/58€6k€6k▼
Amounts receivable within one year40/41€2k€5k▲
Trade receivables40€206€5k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€4k€953▼
Equity and liabilities
Total equity and liabilities10/49€7k€7k▼
Equity10/15€-1k€2k▲
Contributions10/11€4k€4k=
Outside capital11€4k€4k=
Other1109/19€4k€4k=
Profit (loss) carried forward14€-5k€-2k▲
Amounts payable17/49€8k€5k▼
Amounts payable within one year42/48€8k€5k▼
Trade debts44€4k€77▼
Suppliers440/4€4k€77▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€4k€2k▼
Income statement
Code20242025
Turnover70€114k€113k▼
Goods, raw materials, services and sundry goods60/61€110k€109k▼
Other operating charges640/8€266€751▲
Gross operating margin9900€3k€4k▲
Operating profit (loss)9901€3k€3k▲
Financial income75/76B€500€8▼
Recurring financial income75€500€8▼
Financial charges65/66B€113€113▲
Recurring financial charges65€113€113▲
Profit (loss) for the period before taxes9903€3k€3k▼
Profit (loss) for the period9904€3k€3k▼
Profit (loss) for the period to be appropriated9905€3k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-2k▲
Profit (loss) brought forward from the previous period14P€-8k€-5k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 65 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-7k ▼1275%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
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, Lokeren · 1 establishment unit since 2020
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.
Tulpenlaan 359160 LokerenGround area
214 m²
Building footprint
90 m²
Volume, LiDAR
573 m³
Parcel 46014A0725/00Z000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CKL Group
since 20202.299.733.507
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0725/00Z000 | Flanders | 214 m² | 1 · 90 m² | 8.7 m · 2 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
GOLFINGER SA
BE 0429.378.814
Wavre · Eq €2k
INFRA-TECHNICS
BE 0775.410.377
Brussel · Eq €2k
DRIVEWAY & GARDEN DESIGN
BE 0457.307.587
Gent · Eq €2k
GAZONIA
BE 0423.006.904
Brasschaat · Eq €2k
NMN CONSTRUCT
BE 0776.701.368
Merelbeke-Melle · Eq €2k
Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 117 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2020
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
43120Site preparation
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.