H4 GROUP
Open bankruptcyA bankruptcy procedure is open for H4 GROUP according to publications in the Belgian State Gazette; curator: Gerry VERSCHUREN. The 2023 annual accounts show equity of €433k and a net result of €202k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2023, micro schema
Turnover
€2.45M
EBIT margin
9.1%
Net result
€202k▼ 8.1%
2022 · €220k
2022: €220k
2022 → 2023
Working capital
€79k▼ 60.5%
2022 · €200k
2022: €200k
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Turnover€2.45M-
Equity€230k-€433k▲ 87.9%
Operating result€224k-€214k▼ 4.4%
Net result€220k-€202k▼ 8.1%
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 2023; 2023 is 4% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.13M
Fixed assets
€458k▲ 114%
Current assets
€671k▲ 87.3%
Equity and liabilities €1.13M
Equity
€433k▲ 87.9%
Debt
€696k▲ 104%
The debt ratio rises from 59.7% to 61.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€284k▲
2022 · €259k
Cash flow
€272k▲
2022 · €255k
Solvency
38.3%▼
2022 · 40.3%
Current ratio
1.13▼
2022 · 2.27
Quick ratio
1.13▼
2022 · 2.27
Debt / equity
1.61▲
2022 · 1.48
ROE
46.8%▼
2022 · 95.7%
ROA
17.9%▼
2022 · 38.5%
Interest coverage
24.19▼
2022 · 75.10
Debt
€696k▲
2022 · €342k
Debt ≤ 1 year
€592k▲
2022 · €158k
Debt > 1 year
€104k▼
2022 · €184k
Staff costs
€84k▲
2022 · €42k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€572k€1.13M▲
Fixed assets21/28€213k€458k▲
Intangible fixed assets21-€270k
Tangible fixed assets22/27€194k€153k▼
Furniture and vehicles24€10k€7k▼
Leasing and similar rights25€184k€146k▼
Financial fixed assets28€20k€35k▲
Current assets29/58€358k€671k▲
Amounts receivable within one year40/41€356k€511k▲
Trade receivables40€221k€348k▲
Other amounts receivable41€135k€163k▲
Cash at bank and in hand54/58€3k€157k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€572k€1.13M▲
Equity10/15€230k€433k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€220k€423k▲
Amounts payable17/49€342k€696k▲
Amounts payable after more than one year17€184k€104k▼
Financial debts170/4€184k€104k▼
Amounts payable within one year42/48€158k€592k▲
Current portion of amounts payable after more than one year42-€42k
Trade debts44€1k€98k▲
Suppliers440/4€1k€98k▲
Advances received on contracts in progress46€9k€9k=
Taxes, remuneration and social security45€148k€234k▲
Taxes450/3€148k€228k▲
Remuneration and social security454/9-€6k
Other amounts payable47/48-€210k
Income statement
Code20222023
Turnover70€2.45M-
Goods, raw materials, services and sundry goods60/61€1.96M-
Remuneration, social security and pensions62€42k€84k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€70k▲
Other operating charges640/8€188k-
Gross operating margin9900€489k€368k▼
Operating profit (loss)9901€224k€214k▼
Financial income75/76B-€342
Recurring financial income75-€342
Financial charges65/66B€3k€12k▲
Recurring financial charges65€3k€12k▲
Profit (loss) for the period before taxes9903€220k€202k▼
Profit (loss) for the period9904€220k€202k▼
Profit (loss) for the period to be appropriated9905€220k€202k▼
Appropriation of the result
Profit (loss) to be appropriated9906€220k€423k▲
Profit (loss) brought forward from the previous period14P-€220k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · H4 GROUP BV PEGASUS- LAAN 5, 1831- MACHELEN · event 22-04-2025
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 162 days late
2024
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 164 days late
SignalNBB filing
Directors · office · real estate
Directors
5 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, Machelen (Brab.) · 1 establishment unit since 2021
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.
Pegasuslaan 51831 Machelen (Brab.)Ground area
4,582 m²
Building footprint
1,166 m²
Volume, LiDAR
21,374 m³
Parcel 23015B0091/00S003, Flanders · tallest building 22.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
H4 GROUP
since 20212.320.524.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0091/00S003 | Flanders | 4,582 m² | 1 · 1,166 m² | 22.4 m · 6 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Gerry VERSCHUREN BLEEKSTRAAT 11/003,
2800 MECHELEN |
22-04-2025 → present |
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 5,420 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-05-2021
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
49320Taxi operation
49330On-demand passenger transport by chauffeured vehicle
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 2 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.
Contact details
1 entryE-mail:h4.group.srl@gmail.com