H&V
ActiveSummary
H&V has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54k and a net result of €14k. Equity is growing by ~64% per year across the filed fiscal years. Its solvency ranks better than 52% of 2318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-22
Solvency54▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.98 in 2024; short-term debt: 59.8% and cash: 22.2% of total assets), and 70.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.5%
Return on assets
7.7%
Age of the figures
9 mo
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
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 27-07-2026, 4 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
4 d early
2024
49 d early
2023
27 d early
2022
6 d early
2021
2 d early
2020
31 d late
2019
83 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€54k▲ 35.4%
2024 · €40k
2019: €-18k
2020: €-48k▼ -165% vs 2019lowest in 7 years
2021: €-23k▲ +53.0% vs 2020
2022: €-27k▼ -18.0% vs 2021
2023: €3k▲ +112% vs 2022
2024: €40k▲ +1187% vs 2023
2025: €54k▲ +35.4% vs 2024highest in 7 years
2019 → 2025
Total assets
€183k▲ 36.5%
2024 · €134k
2019: €178k
2020: €199k▲ +12.0% vs 2019
2021: €221k▲ +11.1% vs 2020highest in 7 years
2022: €167k▼ -24.4% vs 2021
2023: €126k▼ -24.9% vs 2022lowest in 7 years
2024: €134k▲ +6.6% vs 2023
2025: €183k▲ +36.5% vs 2024
2019 → 2025
Net result
€14k▼ 61.6%
2024 · €37k
2019: €-28k
2020: €-30k▼ -6.4% vs 2019lowest in 7 years
2021: €26k▲ +185% vs 2020
2022: €-4k▼ -116% vs 2021
2023: €30k▲ +832% vs 2022
2024: €37k▲ +23.3% vs 2023highest in 7 years
2025: €14k▼ -61.6% vs 2024
2019 → 2025
Working capital
€-61k▼ 4,565%
2024 · €-1k
2019: €-97k
2020: €-139k▼ -44.5% vs 2019lowest in 7 years
2021: €-99k▲ +29.1% vs 2020
2022: €-86k▲ +13.2% vs 2021
2023: €-32k▲ +62.6% vs 2022
2024: €-1k▲ +95.9% vs 2023highest in 7 years
2025: €-61k▼ -4565% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-23k-€-27k▼ 18.0%€3k€40k▲ 1,187%€54k▲ 35.4%
2021: €-23k
2022: €-27k▼ -18.0% vs 2021lowest in 5 years
2023: €3k▲ +112% vs 2022
2024: €40k▲ +1187% vs 2023
2025: €54k▲ +35.4% vs 2024highest in 5 years
Operating result€27k-€-2k€32k€42k▲ 29.8%€23k▼ 44.8%
2021: €27k
2022: €-2k▼ -109% vs 2021lowest in 5 years
2023: €32k▲ +1477% vs 2022
2024: €42k▲ +29.8% vs 2023highest in 5 years
2025: €23k▼ -44.8% vs 2024
Net result€26k-€-4k€30k€37k▲ 23.3%€14k▼ 61.6%
2021: €26k
2022: €-4k▼ -116% vs 2021lowest in 5 years
2023: €30k▲ +832% vs 2022
2024: €37k▲ +23.3% vs 2023highest in 5 years
2025: €14k▼ -61.6% vs 2024
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 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€134k ▲ 62.3%
Current assets
€48k ▼ 5.3%
Equity and liabilities €183k
Equity
€54k ▲ 35.4%
Debt
€129k ▲ 37.0%
Debt's share of the balance-sheet total rises from 70.3% to 70.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57k▼
2024 · €66k
Cash flow
€48k▼
2024 · €61k
Current ratio
0.44▼
2024 · 0.98
Debt to equity
2.39▲
2024 · 2.37
ROE
26.1%▼
2024 · 92.2%
ROA
7.7%▼
2024 · 27.4%
Interest coverage
16.33▼
2024 · 16.86
Debt ≤ 1 year
€109k▲
2024 · €52k
Debt > 1 year
€20k▼
2024 · €42k
Income taxes
€6k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€134k€183k▲
Fixed assets21/28€83k€134k▲
Tangible fixed assets22/27€83k€134k▲
Plant, machinery and equipment23€81k€63k▼
Furniture and vehicles24€2k€68k▲
Other tangible fixed assets26-€3k
Current assets29/58€51k€48k▼
Amounts receivable within one year40/41€15k€8k▼
Other amounts receivable41€15k€8k▼
Cash at bank and in hand54/58€36k€41k▲
Equity and liabilities
Total equity and liabilities10/49€134k€183k▲
Equity10/15€40k€54k▲
Contributions10/11€10k€10k=
Reserves13€30k€44k▲
Distributable reserves133€30k€44k▲
Amounts payable17/49€94k€129k▲
Amounts payable after more than one year17€42k€20k▼
Financial debts170/4€42k€20k▼
Amounts payable within one year42/48€52k€109k▲
Current portion of amounts payable after more than one year42€29k€22k▼
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45-€89
Remuneration and social security454/9-€89
Other amounts payable47/48€21k€81k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€34k▲
Other operating charges640/8€612€3k▲
Gross operating margin9900€67k€59k▼
Operating profit (loss)9901€42k€23k▼
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€38k€20k▼
Income taxes67/77€1k€6k▲
Profit (loss) for the period9904€37k€14k▼
Profit (loss) for the period to be appropriated9905€37k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€14k▼
Profit (loss) brought forward from the previous period14P€-7k-
Transfer to equity691/2€30k€14k▼
To other reserves6921€30k€14k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €2k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €27k | €25k | €24k | €34k | ▲ 38.5% |
| Other operating charges640/8 | €430 | €438 | €479 | €612 | €3k | ▲ 328% |
| Gross operating margin9900 | €60k | €25k | €59k | €67k | €59k | ▼ 11.1% |
| Operating profit (loss)9901 | €27k | €-2k | €32k | €42k | €23k | ▼ 44.8% |
| Financial income75/76B | €0 | €0 | €0 | €0 | €0 | = |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €0 | = |
| Financial charges65/66B | €2k | €2k | €2k | €4k | €3k | ▼ 11.4% |
| Recurring financial charges65 | €2k | €2k | €2k | €4k | €3k | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | €26k | €-4k | €30k | €38k | €20k | ▼ 48.2% |
| Income taxes67/77 | - | - | - | €1k | €6k | ▲ 351% |
| Profit (loss) for the period9904 | €26k | €-4k | €30k | €37k | €14k | ▼ 61.6% |
| Profit (loss) for the period to be appropriated9905 | €26k | €-4k | €30k | €37k | €14k | ▼ 61.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €221k | €167k | €126k | €134k | €183k | ▲ 36.5% |
| Fixed assets21/28 | €158k | €131k | €106k | €83k | €134k | ▲ 62.3% |
| Tangible fixed assets22/27 | €158k | €131k | €106k | €83k | €134k | ▲ 62.3% |
| Plant, machinery and equipment23 | €142k | €120k | €100k | €81k | €63k | ▼ 21.8% |
| Furniture and vehicles24 | €16k | €10k | €6k | €2k | €68k | ▲ 2,971% |
| Other tangible fixed assets26 | - | - | - | - | €3k | - |
| Current assets29/58 | €63k | €37k | €19k | €51k | €48k | ▼ 5.3% |
| Amounts receivable within one year40/41 | €3k | €7k | €5k | €15k | €8k | ▼ 48.9% |
| Trade receivables40 | €1k | €5k | €5k | - | - | - |
| Other amounts receivable41 | €2k | €2k | €534 | €15k | €8k | ▼ 48.9% |
| Cash at bank and in hand54/58 | €60k | €30k | €14k | €36k | €41k | ▲ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €221k | €167k | €126k | €134k | €183k | ▲ 36.5% |
| Equity10/15 | €-23k | €-27k | €3k | €40k | €54k | ▲ 35.4% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves13 | - | - | - | €30k | €44k | ▲ 47.3% |
| Distributable reserves133 | - | - | - | €30k | €44k | ▲ 47.3% |
| Profit (loss) carried forward14 | €-33k | €-37k | €-7k | - | - | - |
| Amounts payable17/49 | €244k | €194k | €123k | €94k | €129k | ▲ 37.0% |
| Amounts payable after more than one year17 | €81k | €60k | €71k | €42k | €20k | ▼ 53.0% |
| Financial debts170/4 | €81k | €60k | €71k | €42k | €20k | ▼ 53.0% |
| Amounts payable within one year42/48 | €162k | €122k | €51k | €52k | €109k | ▲ 109% |
| Current portion of amounts payable after more than one year42 | €21k | €22k | €31k | €29k | €22k | ▼ 24.5% |
| Trade debts44 | €7k | €4k | €4k | €2k | €6k | ▲ 170% |
| Suppliers440/4 | €7k | €4k | €4k | €2k | €6k | ▲ 170% |
| Taxes, remuneration and social security45 | €384 | €48 | €145 | - | €89 | - |
| Taxes450/3 | €384 | €48 | - | - | - | - |
| Remuneration and social security454/9 | - | - | €145 | - | €89 | - |
| Other amounts payable47/48 | €134k | €96k | €16k | €21k | €81k | ▲ 289% |
| Accrued charges and deferred income492/3 | - | €12k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €-4k | €30k | €37k | €14k | ▼ 61.6% |
| + Depreciation and write-downs630 | €32k | €27k | €25k | €24k | €34k | ▲ 38.5% |
| Operating cash flow (approximation) | €58k | €23k | €54k | €61k | €48k | ▼ 21.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-929 | €-85k | ▼ 9,073% |
| Change in cash | - | €-30k | €-15k | €22k | €5k | ▼ 78.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €37k ▲23.3%
Operating result €42k, net result €37k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €26k
Net result €26k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Meise · 1 establishment unit since 2018
Ground area
6,324 m²
Building footprint
1,728 m²
Volume, LiDAR
7,294 m³
Parcel 23050D0543/00D000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
H&V
since 20182.274.149.756
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23050D0543/00D000 | Flanders | 6,323 m² | 1 · 1,728 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 1,034 companies in sector 93291 we hold annual accounts for 161. 139 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
93291Operation of fairground attractions
96220Beauty care and other beauty treatments
Scores and ratios are computed by Checked and are not a credit decision.