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HALINVOLETS

Active
Private limited companyfounded 20233 yrs activeRue de Goreux 13, 4347 Fexhe-le-Haut-Clocher, BelgiumKBO/BCE: BE 0801.644.127
Summary

The computed 12-month bankruptcy probability of HALINVOLETS is 2.5% (moderate). The 2025 annual accounts show equity of €68,058 and a net result of €16,118. Equity is growing by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 82% of 28254 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability92▼-4
Solvency100▲+17
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 4.1 against 2.15 in 2024; short-term debt: 19.6% and cash: 71.1% of total assets), and 22.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2025
Solvency, return and age of the figures
Solvency
77.5%
Return on assets
18.4%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
11 d early
2024
7 d early
2023
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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 24 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 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

History

HALINVOLETS was incorporated on 10 May 2023 as a Private limited company.1 Total assets rose from EUR 69,436 in 2023 to EUR 87,836 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€68,058▲ 31.0%
2024 · €51,939
Total assets
€87,836▼ 2.6%
2024 · €90,186
Net result
€16,118▼ 17.7%
2024 · €19,591
Working capital
€53,427▲ 51.3%
2024 · €35,302
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€34,643-€31,153▼ 10.1%€25,500▼ 18.1%
Net result€24,584within the sector's middle half-€19,591within the sector's middle half▼ 20.3%€16,118within the sector's middle half▼ 17.7%
Equity€34,584within the sector's middle half-€51,939within the sector's middle half▲ 50.2%€68,058within the sector's middle half▲ 31.0%
Total assets€69,436within the sector's middle half-€90,186within the sector's middle half▲ 29.9%€87,836within the sector's middle half▼ 2.6%
Debt€34,853-€38,247▲ 9.7%€19,778▼ 48.3%
Working capital€15,725within the sector's middle half-€35,302within the sector's middle half▲ 124%€53,427within the sector's middle half▲ 51.3%
Solvency49.8%within the sector's middle half-57.6%within the sector's middle half▲ 7.8pp77.5%above the sector's middle half▲ 19.9pp
Current ratio1.70within the sector's middle half-2.15within the sector's middle half▲ 0.454.10above the sector's middle half▲ 1.95
Return on assets (ROA)35.4%above the sector's middle half-21.7%above the sector's middle half▼ 13.7pp18.4%above the sector's middle half▼ 3.4pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction 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
€0€10,000€20,000€30,000Operating result 2023: €34,643€34,643Net result 2023: €24,584€24,584Operating result 2024: €31,153€31,153Net result 2024: €19,591€19,591Operating result 2025: €25,500€25,500Net result 2025: €16,118€16,118202320242025€0€10,000€20,000€30,000Operating result 2023: €34,643€34,600Net result 2023: €24,584€24,600Operating result 2024: €31,153€31,200Net result 2024: €19,591€19,600Operating result 2025: €25,500€25,500Net result 2025: €16,118€16,100202320242025
The operating result has fallen two years in a row; 2025 is 18% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,836
Fixed assets €17,195 ▼ 28.8%
Current assets €70,641 ▲ 7.0%
Equity and liabilities €87,836
Equity €68,058 ▲ 31.0%
Debt €19,778 ▼ 48.3%
Debt's share of the balance-sheet total falls from 42.4% to 22.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€32,466▼
2024 · €38,119
Cash flow
€23,085▼
2024 · €26,557
Debt to equity
0.29▼
2024 · 0.74
ROE
23.7%▼
2024 · 37.7%
Interest coverage
20.88▲
2024 · 19.41
Debt ≤ 1 year
€17,214▼
2024 · €30,722
Debt > 1 year
€2,564▼
2024 · €7,524
Income taxes
€8,069▼
2024 · €9,660
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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 · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€90,186€87,836▼
Fixed assets21/28€24,162€17,195▼
Tangible fixed assets22/27€24,162€17,195▼
Plant, machinery and equipment23€1,810€1,334▼
Furniture and vehicles24€22,352€15,861▼
Current assets29/58€66,025€70,641▲
Amounts receivable within one year40/41€6,967€5,067▼
Trade receivables40€3,181-
Other amounts receivable41€3,786€5,067▲
Cash at bank and in hand54/58€54,645€62,433▲
Deferred charges and accrued income490/1€4,413€3,141▼
Equity and liabilities
Total equity and liabilities10/49€90,186€87,836▼
Equity10/15€51,939€68,058▲
Contributions10/11€10,000€10,000=
Reserves13€41,939€58,058▲
Distributable reserves133€41,939€58,058▲
Amounts payable17/49€38,247€19,778▼
Amounts payable after more than one year17€7,524€2,564▼
Financial debts170/4€7,524€2,564▼
Amounts payable within one year42/48€30,722€17,214▼
Current portion of amounts payable after more than one year42€4,745€4,960▲
Trade debts44€4,076€2,611▼
Suppliers440/4€4,076€2,611▼
Taxes, remuneration and social security45€20,495€9,643▼
Taxes450/3€20,495€9,643▼
Other amounts payable47/48€1,407-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,966€6,966=
Other operating charges640/8€1,209€784▼
Gross operating margin9900€39,328€33,250▼
Operating profit (loss)9901€31,153€25,500▼
Financial income75/76B€62€242▲
Recurring financial income75€62€242▲
Financial charges65/66B€1,964€1,555▼
Recurring financial charges65€1,964€1,555▼
Profit (loss) for the period before taxes9903€29,251€24,187▼
Income taxes67/77€9,660€8,069▼
Profit (loss) for the period9904€19,591€16,118▼
Profit (loss) for the period to be appropriated9905€19,591€16,118▼
Appropriation of the result
Profit (loss) to be appropriated9906€19,591€16,118▼
Transfer to equity691/2€19,591€16,118▼
To the legal reserve6920-€16,118
To other reserves6921€19,591-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,704€6,966€6,966=
Other operating charges640/8€1,992€1,209€784▼ 35.2%
Gross operating margin9900€40,338€39,328€33,250▼ 15.5%
Operating profit (loss)9901€34,643€31,153€25,500▼ 18.1%
Financial income75/76B€18€62€242▲ 291%
Recurring financial income75€18€62€242▲ 291%
Financial charges65/66B€1,460€1,964€1,555▼ 20.8%
Recurring financial charges65€1,460€1,964€1,555▼ 20.8%
Profit (loss) for the period before taxes9903€33,201€29,251€24,187▼ 17.3%
Income taxes67/77€8,617€9,660€8,069▼ 16.5%
Profit (loss) for the period9904€24,584€19,591€16,118▼ 17.7%
Profit (loss) for the period to be appropriated9905€24,584€19,591€16,118▼ 17.7%
Line202320242025Change
Assets
Total assets20/58€69,436€90,186€87,836▼ 2.6%
Fixed assets21/28€31,128€24,162€17,195▼ 28.8%
Tangible fixed assets22/27€31,128€24,162€17,195▼ 28.8%
Plant, machinery and equipment23€2,286€1,810€1,334▼ 26.3%
Furniture and vehicles24€28,842€22,352€15,861▼ 29.0%
Current assets29/58€38,309€66,025€70,641▲ 7.0%
Amounts receivable within one year40/41€7,775€6,967€5,067▼ 27.3%
Trade receivables40€3,817€3,181--
Other amounts receivable41€3,958€3,786€5,067▲ 33.8%
Cash at bank and in hand54/58€27,908€54,645€62,433▲ 14.3%
Deferred charges and accrued income490/1€2,626€4,413€3,141▼ 28.8%
Equity and liabilities
Total equity and liabilities10/49€69,436€90,186€87,836▼ 2.6%
Equity10/15€34,584€51,939€68,058▲ 31.0%
Contributions10/11€10,000€10,000€10,000=
Reserves13-€41,939€58,058▲ 38.4%
Distributable reserves133-€41,939€58,058▲ 38.4%
Profit (loss) carried forward14€24,584---
Amounts payable17/49€34,853€38,247€19,778▼ 48.3%
Amounts payable after more than one year17€12,269€7,524€2,564▼ 65.9%
Financial debts170/4€12,269€7,524€2,564▼ 65.9%
Amounts payable within one year42/48€22,584€30,722€17,214▼ 44.0%
Current portion of amounts payable after more than one year42€4,537€4,745€4,960▲ 4.5%
Trade debts44€4,917€4,076€2,611▼ 35.9%
Suppliers440/4€4,917€4,076€2,611▼ 35.9%
Taxes, remuneration and social security45€8,617€20,495€9,643▼ 52.9%
Taxes450/3€8,617€20,495€9,643▼ 52.9%
Other amounts payable47/48€4,513€1,407--
Line202320242025Change
Profit (loss) for the period9904€24,584€19,591€16,118▼ 17.7%
+ Depreciation and write-downs630€3,704€6,966€6,966=
Operating cash flow (approximation)€28,287€26,557€23,085▼ 13.1%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€26,737€7,788▼ 70.9%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
20-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet €16,118 ▼17.7%
Net result drops to €16,118, the lowest in the series.
24-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Fexhe-le-Haut-Clocher · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
999 m²
Building footprint
154 m²
Volume, LiDAR
1,064 m³
Parcel 64423B0201/00Y000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HALINVOLETS
Rue de Goreux 13, 4347 Fexhe-le-Haut-ClocherSpecialised construction activities
since 20232.358.983.184
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
64423B0201/00Y000 Wallonia 999 m² 1 · 154 m² 8.7 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.

Similar companies · same sector, comparable size

Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,611 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
Founded10-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43230Insulation installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0801644127
Also 9925:BE0801644127
Registered 18-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.