H & S CONSTRUCT
ActiveH & S CONSTRUCT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €-4k. Equity is shrinking by ~17.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 10% of 26942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency1▼-2
Growth32=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.03 in 2024), and 98.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
1.3%
Return on assets
-2.7%
Age of the figures
17 mo
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€4k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 26942 sector peers (2025).
NBB · sector comparisonPosition among 26942 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
38 d early
2023
1 d early
2022
65 d late
2021
3 d late
2020
26 d late
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close08-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 67.5%
2024 · €6k
2019: €44k
2020: €43k
2021: €43k
2022: €50k
2023: €25k
2024: €6k
2019 → 2025
Total assets
€149k▼ 4.5%
2024 · €156k
2019: €338k
2020: €289k
2021: €284k
2022: €246k
2023: €197k
2024: €156k
2019 → 2025
Net result
€-4k▲ 78.0%
2024 · €-19k
2019: €37k
2020: €-730
2021: €-123
2022: €-5k
2023: €-25k
2024: €-19k
2019 → 2025
Working capital
€-145k▲ 1.1%
2024 · €-146k
2019: €-81k
2020: €-82k
2021: €-88k
2022: €-64k
2023: €-96k
2024: €-146k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€50k▲ 16.7%€25k▼ 50.5%€6k▼ 75.4%€2k▼ 67.5%
Operating result€10k-€6k▼ 42.4%€-22k€-16k▲ 24.5%€-3k▲ 79.0%
Net result€-123-€-5k▼ 3,960%€-25k▼ 405%€-19k▲ 26.2%€-4k▲ 78.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €16k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149k
Fixed assets
€147k▼ 3.7%
Current assets
€3k▼ 33.5%
Equity and liabilities €149k
Equity
€2k▼ 67.5%
Debt
€147k▼ 1.9%
The debt ratio rises from 96.1% to 98.7%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€2k▲
2024 · €-705
Cash flow
€2k▲
2024 · €-3k
Solvency
1.3%▼
2024 · 3.9%
Current ratio
0.02▼
2024 · 0.03
Quick ratio
0.02▼
2024 · 0.03
Debt / equity
74.62▲
2024 · 24.73
ROE
-207.7%▲
2024 · -306.9%
ROA
-2.7%▲
2024 · -11.9%
Interest coverage
4.30▲
2024 · -0.33
Debt
€147k▼
2024 · €150k
Debt ≤ 1 year
€147k▼
2024 · €150k
Income taxes
€132▲
2024 · €112
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€156k€149k▼
Fixed assets21/28€152k€147k▼
Tangible fixed assets22/27€152k€147k▼
Land and buildings22€146k€146k=
Plant, machinery and equipment23€758€418▼
Furniture and vehicles24€6k€204▼
Current assets29/58€4k€3k▼
Amounts receivable within one year40/41€3k€116▼
Trade receivables40€2k-
Other amounts receivable41€606€116▼
Cash at bank and in hand54/58€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€156k€149k▼
Equity10/15€6k€2k▼
Contributions10/11€20k€20k=
Reserves13€40k€40k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€38k€38k=
Profit (loss) carried forward14€-54k€-58k▼
Amounts payable17/49€150k€147k▼
Amounts payable within one year42/48€150k€147k▼
Current portion of amounts payable after more than one year42€19k-
Trade debts44€3k€995▼
Suppliers440/4€3k€995▼
Taxes, remuneration and social security45-€914
Taxes450/3-€914
Other amounts payable47/48€128k€145k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€6k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€3k€5k▲
Operating profit (loss)9901€-16k€-3k▲
Financial charges65/66B€2k€524▼
Recurring financial charges65€2k€524▼
Profit (loss) for the period before taxes9903€-19k€-4k▲
Income taxes67/77€112€132▲
Profit (loss) for the period9904€-19k€-4k▲
Profit (loss) for the period to be appropriated9905€-19k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-54k€-58k▼
Profit (loss) brought forward from the previous period14P€-35k€-54k▼
The notes to these accounts (8 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
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
04-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Eeklo · 1 establishment unit since 2008
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.
Raverschootstraat 669900 EekloGround area
862 m²
Building footprint
190 m²
Volume, LiDAR
1,244 m³
Parcel 43352E1555/00F000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kant en Klaar
since 20082.176.395.532
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352E1555/00F000 | Flanders | 861 m² | 1 · 190 m² | 10.7 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.
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GVDS
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BE 0775.799.565
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Of 9,468 companies in sector 43222 we hold annual accounts for 5,620. 680 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-09-2008
Fiscal year end31-03
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.