Active BE 0768.384.807Private limited companyOpen bankruptcy

H4 GROUP

Pegasuslaan 5 ·1831 Machelen (Brab.), Belgium· 5 yrs active

Sector: Road freight transport (49410)

Conclusion Checked

A bankruptcy procedure is open for H4 GROUP according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €230k and a net result of €220k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€230k
Net result	€220k
Staff (FTE)	1
Active	5 yrs

Snowflake analysis 5 axes · computed by Checked

48 / 100

Mixed profile: strong on solvency, weaker on stability.

Health 34

Profitability 74

Solvency 84

Growth 50

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2022 · computed

34 / 100 Weak

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 09-01-2025 with the NBB · fiscal year 2023 · micro

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	€2.45M
EBITDA	€259k
Net profit	€220k
Cash flow	€255k
Staff costs	€42k
Income taxes	-
Dividends	-
Total assets	€572k
Equity	€230k
Debt	€342k
of which ≤ 1y	€158k
of which > 1y	€184k
Working capital	€200k
Employees (FTE)	1.0

Ratios (computed)

	2022
Current ratio	2.27
Quick ratio	2.27
Working capital ratio	35.0%
Solvency	40.3%
Debt / equity	1.48
Long-term debt ratio	0.80
Interest coverage	75.10
Gross margin	20.0%
Net margin	9.0%
ROA	38.5%
ROE	95.7%
EBITDA margin	10.6%
Days sales outstanding	33d
Days payable outstanding	0d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €213k · 37.3% Current assets €358k · 62.7%

Equity & liabilities

Equity €230k · 40.3% Debt €342k · 59.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€572k
Fixed assets	21/28	€213k
Tangible fixed assets	22/27	€194k
Financial fixed assets	28	€20k
Current assets	29/58	€358k
Amounts receivable within one year	40/41	€356k
Cash & bank	54/58	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€572k
Equity	10/15	€230k
Contributions / capital	10/11	€10k
Accumulated profits (losses)	14	€220k
Amounts payable	17/49	€342k
Amounts payable after one year	17	€184k
Amounts payable within one year	42/48	€158k
Trade debts payable within one year	44	€1k
Income statement
Turnover	70	€2.45M
Gross operating margin	9900	€489k
Operating result	9901	€224k
Financial charges	65	€3k
Result before taxes	9903	€220k
Net result for the period	9904	€220k
Result to be appropriated	9905	€220k

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	Gerry VERSCHUREN BLEEKSTRAAT 11/003, 2800 MECHELEN ↔ Also on 213 other cases	22-04-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	Road freight transport(49410)
Legal form	Private limited company(610)
Incorporation	12-05-2021
Status	Active
Postal code	1831
First BS signal	29-04-2025
Latest BS signal	29-04-2025

Company structure, linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

H4 GROUP

Pegasuslaan 5, 1831 Machelen (Brab.)Personenvervoer over de weg zonder dienstregeling

since 20212.320.524.961

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

29-04-2025

Bankruptcy Opening

Ondernemingsrechtbank Brussel · H4 GROUP BV PEGASUS- LAAN 5, 1831- MACHELEN · event 22-04-2025

12-03-2025

State Gazette act Capital & shares

09-01-2025

NBB filing Annual accounts filed

fiscal year 2023 · micro

2024

11-01-2024

NBB filing Annual accounts filed

fiscal year 2022 · micro

2023

27-10-2023

State Gazette act Capital & shares

2022

26-10-2022

State Gazette act Registered-office change

28-03-2022

State Gazette act Capital & shares

Lifecycle & Insolvency Signals 1 events

29-04-2025

Bankruptcy Opening

Date: 22-04-2025 · Ondernemingsrechtbank Brussel · H4 GROUP BV PEGASUS- LAAN 5, 1831- MACHELEN · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad, acts 4 acts

Capital history · 3

12-03-2025

Capital change

27-10-2023

Capital change

28-03-2022

Capital change

Address history · 1

26-10-2022

Registered-office move

All acts · 4 updated 1 year ago

2025

12-03-2025 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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  "act_meta": {
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    "filing_date": "2025-03-05",
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  "decision": {
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    "act_date": "2025-03-05",
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    "underlying_resolution_date": "2025-02-25"
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  "bedrijfsrevisor": null,
  "subject_company": {
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    "legal_form": "BESLOTEN VENNOTSCHAP",
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  "shareholders_after": [
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      "role": null,
      "n_shares": 100,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "ESER RENETA NAYDENOVA",
      "role": null,
      "n_shares": 0,
      "share_class": null
    }
  ],
  "share_classes_after": []
}

2023

27-10-2023 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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          "n_shares_subscribed": 60,
          "contribution_amount_eur": null
        },
        {
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          "kind": "person",
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          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
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          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
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      "not_yet_called_eur": null,
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      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
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  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-10-27",
    "filing_date": "2023-10-19",
    "act_kind_objet": "Onderwerp akte:"
  },
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    "act_date": "2023-10-19",
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    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0768.384.807",
    "name_full": "H4 GROUP BV",
    "legal_form": "B.V.",
    "is_foreign_registered": false
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  "publication_proxy": {
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      "share_class": null
    },
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      "pct": null,
      "kind": "person",
      "name": "ESER RENETA NAYDENOVA",
      "role": "aandeelhouder",
      "n_shares": 40,
      "share_class": null
    }
  ],
  "share_classes_after": []
}

2022

26-10-2022 Registered office moved from DROGENBOS to MACHELEN Registered-office change

GOLDEN HOPESTRAAT 13, 1620 DROGENBOS → PEGASUSLAAN 5 TE 1831 MACHELEN

Original publication ↗

Technical details

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        "region": "vlaams_gewest",
        "street": "PEGASUSLAAN",
        "country": "BE",
        "postcode": "1831",
        "box_number": null,
        "street_number": "5",
        "locality_suffix": null
      },
      "old_address": {
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        "city": "DROGENBOS",
        "region": "vlaams_gewest",
        "street": "GOLDEN HOPESTRAAT",
        "country": "BE",
        "postcode": "1620",
        "box_number": null,
        "street_number": "13",
        "locality_suffix": null
      },
      "effective_date": "2022-09-16",
      "evidence_quote": "",
      "region_changed": false,
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      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
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  "notary": {
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  },
  "act_meta": {
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    "filing_date": "2022-10-18",
    "act_kind_objet": "Onderwerp akte:"
  },
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    "org_rep_person_name": null,
    "person_role_at_subject": "BESTUURDER"
  },
  "co_filed_documents": []
}

28-03-2022 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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          "share_class": null,
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Company registry (CBE) Crossroads Bank

Activities

Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Exploitatie van taxi's49320Diensten voor personenvervoer op aanvraag per voertuig met chauffeur49330Logistieke diensten52250Overige vervoerondersteunende activiteiten52290

Primary activity highlighted.

Names & trade names

Legal nameNL

H4 GROUP

Registered office

Pegasuslaan 5

1831 Machelen (Brab.), Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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