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H4U

Active
Private limited companyfounded 20169 yrs activeAvenue de la Gare 33, 6720 Habay, BelgiumKBO/BCE: BE 0666.594.787
Summary

H4U has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61,876 and a net result of €143,144. Equity is shrinking by ~8.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 35% of 19372 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+32
Solvency39▲+38
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.02 in 2023; short-term debt: 48.6% and cash: 53.8% of total assets), and 85.8% of the assets are financed with debt.
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Signals

Three 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
not confirmed
2024
6 d early
2023
22 d late
2022
12 d early
2021
26 d late
2020
23 d late
2019
40 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 November 2016, H4U was incorporated.1 Total assets went from EUR 210,460 in 2018 to EUR 435,745 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€61,876
2023 · -€81,267
Total assets
€435,745▲ 27.0%
2023 · €343,182
Net result
€143,144
2023 · -€2,083
Working capital
€23,141
2023 · -€199,155
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€3,097€1,100▼ 64.5%-€13,236€673€173,556▲ 25,693%
Net result-€151within the sector's middle half▲ 99.5%-€2,396within the sector's middle half▼ 1,487%-€16,480below the sector's middle half▼ 588%-€2,083within the sector's middle half▲ 87.4%€143,144above the sector's middle half
Equity-€60,308below the sector's middle half▼ 0.3%-€62,704below the sector's middle half▼ 4.0%-€79,184below the sector's middle half▼ 26.3%-€81,267below the sector's middle half▼ 2.6%€61,876within the sector's middle half
Total assets€438,957within the sector's middle half▲ 23.8%€426,589within the sector's middle half▼ 2.8%€379,969within the sector's middle half▼ 10.9%€343,182within the sector's middle half▼ 9.7%€435,745within the sector's middle half▲ 27.0%
Debt€499,265▲ 20.4%€489,293▼ 2.0%€459,153▼ 6.2%€424,449▼ 7.6%€373,869▼ 11.9%
Working capital-€177,065below the sector's middle half▼ 12.7%-€182,625below the sector's middle half▼ 3.1%-€198,403below the sector's middle half▼ 8.6%-€199,155below the sector's middle half▼ 0.4%€23,141within the sector's middle half
Solvency-13.7%below the sector's middle half▲ 3.2pp-14.7%below the sector's middle half▼ 1.0pp-20.8%below the sector's middle half▼ 6.1pp-23.7%below the sector's middle half▼ 2.8pp14.2%within the sector's middle half▲ 37.9pp
Current ratio0.05below the sector's middle half▼ 0.030.07below the sector's middle half▲ 0.020.01below the sector's middle half▼ 0.050.02below the sector's middle half=1.11within the sector's middle half▲ 1.09
Return on assets (ROA)0.0%within the sector's middle half▲ 8.8pp-0.6%within the sector's middle half▼ 0.5pp-4.3%below the sector's middle half▼ 3.8pp-0.6%within the sector's middle half▲ 3.7pp32.9%above the sector's middle half▲ 33.5pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000Operating result 2020: €3,097€3,097Net result 2020: -€151-€151Operating result 2021: €1,100€1,100Net result 2021: -€2,396-€2,396Operating result 2022: -€13,236-€13,236Net result 2022: -€16,480-€16,480Operating result 2023: €673€673Net result 2023: -€2,083-€2,083Operating result 2024: €173,556€173,556Net result 2024: €143,144€143,14420202021202220232024-€50,000€0€50,000€100,000€150,000Operating result 2022: -€13,236-€13,200Net result 2022: -€16,480-€16,500Operating result 2023: €673€673Net result 2023: -€2,083-€2,080Operating result 2024: €173,556€174,000Net result 2024: €143,144€143,000202220232024
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 25,693% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €435,745
Fixed assets €200,810 ▼ 40.9%
Current assets €234,935 ▲ 7,136%
Equity and liabilities €435,745
Equity €61,876
Debt €373,869
Debt finances 85.8% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
€195,451▲
2023 · €37,832
Cash flow
€165,038▲
2023 · €35,076
Debt to equity
6.04▲
2023 · -5.22
ROE
231.3%
Interest coverage
73.49▲
2023 · 13.73
Debt ≤ 1 year
€211,794▲
2023 · €202,402
Debt > 1 year
€162,074▼
2023 · €222,048
Income taxes
€27,754
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€343,182€435,745▲
Fixed assets21/28€339,935€200,810▼
Tangible fixed assets22/27€339,935€200,810▼
Land and buildings22€328,048€193,400▼
Leasing and similar rights25€11,887€7,410▼
Current assets29/58€3,247€234,935▲
Cash at bank and in hand54/58€2,872€234,241▲
Deferred charges and accrued income490/1€374€694▲
Equity and liabilities
Total equity and liabilities10/49€343,182€435,745▲
Equity10/15-€81,267€61,876▲
Contributions10/11€36,000€36,000=
Reserves13-€25,876
Distributable reserves133-€25,876
Profit (loss) carried forward14-€117,267€0▲
Amounts payable17/49€424,449€373,869▼
Amounts payable after more than one year17€222,048€162,074▼
Financial debts170/4€222,048€162,074▼
Amounts payable within one year42/48€202,402€211,794▲
Current portion of amounts payable after more than one year42€39,910€25,252▼
Trade debts44€1,812€0▼
Suppliers440/4€1,812€0▼
Taxes, remuneration and social security45-€27,754
Taxes450/3-€27,754
Other amounts payable47/48€160,679€158,788▼
Income statement Code20232024
Non-recurring operating income76A€860€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37,159€21,895▼
Other operating charges640/8€2,392€2,325▼
Gross operating margin9900€40,224€197,777▲
Operating profit (loss)9901€673€173,556▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2,756€2,659▼
Recurring financial charges65€2,756€2,659▼
Profit (loss) for the period before taxes9903-€2,083€170,898▲
Income taxes67/77-€27,754
Profit (loss) for the period9904-€2,083€143,144▲
Profit (loss) for the period to be appropriated9905-€2,083€143,144▲
Appropriation of the result
Profit (loss) to be appropriated9906-€117,267€25,876▲
Profit (loss) brought forward from the previous period14P-€115,184-€117,267▼
Transfer to equity691/2-€25,876
To other reserves6921-€25,876

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A---€860€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,712€34,118€37,155€37,159€21,895▼ 41.1%
Other operating charges640/8-€2,848€4,372€2,392€2,325▼ 2.8%
Gross operating margin9900€31,895€38,067€28,291€40,224€197,777▲ 392%
Operating profit (loss)9901€3,097€1,100-€13,236€673€173,556▲ 25,693%
Financial income75/76B-€0--€0-
Recurring financial income75-€0--€0-
Financial charges65/66B-€3,496€3,244€2,756€2,659▼ 3.5%
Recurring financial charges65€3,248€3,496€3,244€2,756€2,659▼ 3.5%
Profit (loss) for the period before taxes9903-€151-€2,396-€16,480-€2,083€170,898▲ 8,303%
Income taxes67/77----€27,754-
Profit (loss) for the period9904-€151-€2,396-€16,480-€2,083€143,144▲ 6,970%
Profit (loss) for the period to be appropriated9905-€151-€2,396-€16,480-€2,083€143,144▲ 6,970%
Line20202021202220232024Change
Assets
Total assets20/58€438,957€426,589€379,969€343,182€435,745▲ 27.0%
Fixed assets21/28€429,955€413,157€377,094€339,935€200,810▼ 40.9%
Tangible fixed assets22/27€429,955€413,157€377,094€339,935€200,810▼ 40.9%
Land and buildings22-€392,314€360,729€328,048€193,400▼ 41.0%
Furniture and vehicles24-€0----
Leasing and similar rights25-€20,842€16,365€11,887€7,410▼ 37.7%
Assets under construction and advance payments27-€0----
Current assets29/58€9,002€13,432€2,875€3,247€234,935▲ 7,136%
Amounts receivable within one year40/41€5€860€0---
Trade receivables40-€0----
Other amounts receivable41-€860€0---
Cash at bank and in hand54/58€8,997€12,510€2,538€2,872€234,241▲ 8,055%
Deferred charges and accrued income490/1-€62€337€374€694▲ 85.4%
Equity and liabilities
Total equity and liabilities10/49€438,957€426,589€379,969€343,182€435,745▲ 27.0%
Equity10/15-€60,308-€62,704-€79,184-€81,267€61,876▲ 176%
Contributions10/11-€36,000€36,000€36,000€36,000=
Reserves13----€25,876-
Distributable reserves133----€25,876-
Profit (loss) carried forward14-€96,308-€98,704-€115,184-€117,267€0▲ 100%
Amounts payable17/49€499,265€489,293€459,153€424,449€373,869▼ 11.9%
Amounts payable after more than one year17€313,198€293,236€257,875€222,048€162,074▼ 27.0%
Financial debts170/4-€293,236€257,875€222,048€162,074▼ 27.0%
Amounts payable within one year42/48€186,067€196,057€201,278€202,402€211,794▲ 4.6%
Current portion of amounts payable after more than one year42-€41,145€40,166€39,910€25,252▼ 36.7%
Trade debts44-€251€1,642€1,812€0▼ 100%
Suppliers440/4-€251€1,642€1,812€0▼ 100%
Taxes, remuneration and social security45-€0--€27,754-
Taxes450/3-€0--€27,754-
Other amounts payable47/48-€154,661€159,470€160,679€158,788▼ 1.2%
Line20202021202220232024Change
Profit (loss) for the period9904-€151-€2,396-€16,480-€2,083€143,144▲ 6,970%
+ Depreciation and write-downs630€26,712€34,118€37,155€37,159€21,895▼ 41.1%
Operating cash flow (approximation)€26,561€31,722€20,675€35,076€165,038▲ 371%
Investment in fixed assets (approximation)--€17,320-€1,092€0€117,231-
Change in cash-€3,513-€9,972€334€231,369▲ 69,124%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
25-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €143,144
Net result €143,144 after 6 loss-making years.
31-12
Financial Liquidity times 69current ratio 1.11
Current ratio from 0.02 to 1.11.
22-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
19-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
23-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
09-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
31-12
Financial Weakest financial yearnet -€31,360
Net result drops to -€31,360, the lowest in the series; recovery starts the following year.
26-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 30 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, Habay · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
1,060 m²
Building footprint
203 m²
Volume, LiDAR
1,745 m³
2 parcels, Wallonia · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
H4U
Avenue de la Gare 22, 6720 HabayRenting and operating of own or leased residential real estate, excluding social housing
since 20172.259.813.156
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
85014A0904/00N000 Wallonia 970 m² 1 · 128 m² 12.2 m · 3 fl.
85014A0849/00H000 Wallonia 91 m² 1 · 75 m² 9.0 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 3,635 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
Founded22-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
E-mail bfoguenne@hotmail.comHabay
Phone 0496/46.38.04Habay
E-invoicing
Not found in the Peppol register

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