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H84

Active
Public limited companyfounded 20178 yrs activeRue Armand Enkart 38, 4910 Theux, BelgiumKBO/BCE: BE 0684.462.979
Summary

H84 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €378,401 and a net result of €14,609. Equity is growing by ~6.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
H84ActiveChecked score 86/100
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
€160,604turnover 2025
Equity
€378,401
Profit
€14,609
Financial health
86 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Parent
PHIMA · 99.84%
Board
1 member
Auditor: SRL HEYNEN, NYSSEN & CIEAccounts 2 d early2 of 14 deeds read
Why 86- Liquidity: current ratio 35.68, cash €6,661+ Size: turnover €160,604, total assets €389,312+ Equity €378,401 (97.2% of total assets)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Better than 50% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 97.2% of total assets
Liquidity 52-2
short-term debt 2.8% · cash 1.7%
Profitability 47-8
return on assets 3.8%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.6% 12-2024: 0.6%▲ +1.8% vs 11-2024 01-2025: 0.6%▲ +2.4% vs 12-2024 02-2025: 0.6%▲ +1.2% vs 01-2025 03-2025: 0.6%▲ +4.5% vs 02-2025 04-2025: 0.6%▲ +4.0% vs 03-2025 05-2025: 0.7%▲ +1.7% vs 04-2025highest value 06-2025: 0.6%▼ -2.1% vs 05-2025 07-2025: 0.6%▼ -1.6% vs 06-2025 08-2025: 0.4%▼ -30.3% vs 07-2025 09-2025: 0.4%● 0.0% vs 08-2025 10-2025: 0.4%● 0.0% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.4%▼ -13.4% vs 11-2025 01-2026: 0.3%▼ -13.6% vs 12-2025 02-2026: 0.3%▲ +2.7% vs 01-2026 03-2026: 0.4%▲ +7.4% vs 02-2026 04-2026: 0.4%▼ -1.6% vs 03-2026 05-2026: 0.4%▼ -0.6% vs 04-2026 06-2026: 0.4%▲ +5.3% vs 05-2026 07-2026: 0.4%▲ +3.2% vs 06-2026 08-2026: 0.3%▼ -23.3% vs 07-2026lowest value 09-2026: 0.3%● 0.0% vs 08-2026lowest value 10-2026: 0.3%● 0.0% vs 09-2026lowest value
  • Size: turnover €160,604, total assets €389,312 lowers the probability for this profile
  • Liquidity: current ratio 35.68, cash €6,661 raises the probability
  • Equity €378,401 (97.2% of total assets) lowers the probability
  • Legal form Public limited company lowers the probability
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 35.68 against 30.96 in 2024; short-term debt: 2.8% and cash: 1.7% of total assets), and 2.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 81%, liquidity 46%, profitability 35%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: turnover €160,604, total assets €389,312
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 35.68, cash €6,661
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Equity €378,401 (97.2% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
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 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
2 d early
2024
6 d early
2023
56 d early
2022
45 d early
2021
27 d early
2020
12 d early
2019
66 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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. Usually files around 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignation: ARDENNE ENGINEERING (director)Appointment: OLDICO (director) · Permanent…
  3. Reappointment: HEYNEN,NYSSEN & Cie SRL (statutory…State Gazette act

Key points

  • Caution: Board changedlatest change 18-12-2025 · 1 in office 1 joined · 1 left View
  • Caution: Turnover fell in 2025from €237,562 to €160,604 ▼ 32.4% View
  • Controlled by PHIMAultimately: IMMO 5.0 99.84% View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View

By topic

Financials

Fiscal year
2025
Turnover
€160,604
Profit
€14,609
Solvency
97.2%
Turnover▼ 32.4%
Net result
20192025
Go to Financials

Timeline

Events
14
Since
2019
Next accounts
by 31-07-2027
  1. 29-07-2026Annual accounts filed
  2. 26-06-2026Resignation: ARDENNE ENGINEERING (director)
  3. 26-06-2026Reappointment: HEYNEN,NYSSEN & Cie SRL (statutory auditor)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
07-11-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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