Result
€81,715 €81,715
Back in profit in 2025, after a loss of €22,272 in 2024.
HALL18
Lifetime
8 annual accounts with figures on one time axispeak €147,613 (2025)
€147,613▲ €157,886
lowest -€22,272 (2024)
€81,715▲ €103,987
peak €349,786 (2025)
€349,786▲ 30.5%
€1.8m▲ 428%
Board1 name since 2019
1 directorBenjamin PIRARD
Owners
Documentsfilings and deeds
17-08-202617 days late
2025abbreviated format
Gross margin from -€10,272 to €147,613Back to profit: €81,715Equity from €268,071 to €349,786Debts from €339,930 to €1.8mInvestments €1.1mCash from €109,054 to €31,646
Key points
from the 2025 annual accountsTurnover
≈ €240,000 estimated
The accounts state no turnover.
Debts
€1.8m 84% of the balance sheet
Financial debts 58%Suppliers 23%Other 18%
Of this, €748,264 falls due within a year.
Investments
€1.1m 33.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 220.0% higher than in 2024.
Liquidity
0.74 was 2.51 in 2024
Short-term debts rose from €44,083 to €748,264.
Filings
8 annual accounts 3 late
The 2025 accounts came latest: 17 days after the end of the period.
Checked score
93
Excellent
Financially stronger than 42% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.74, cash €31,646, halved
lowers risk
Size: total assets €2.1m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 22-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 18% of them on solvency, 21% on liquidity, 48% on profitability and 82% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,372 companies had the same profile as HALL18 has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HALL18 itself is lower: 0.1% within 12 months. It rests on far more data about HALL18 than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,372 companies, not a prediction for HALL18. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.74 (2.51 in 2024), below 1. Short-term debt is 34.9% and cash 1.5% of total assets. 83.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 10855 sector peers (2025).
NBB · sector comparisonPosition among 10855 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
17 days late
2024
35 days early
2023
2 days early
2022
7 days late
2021
37 days early
2020
43 days early
2019
4 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BP
Benjamin PIRARD
Director
- PLANET PADEL HOLDING 25%equity €913,202 (2025) · 2025 annual accounts of PLANET PADEL HOLDING
Shares in 1 company, PLANET PADEL ANS
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0678739484
Registered office moved within Liège
New registered office: Rue de l'académie 83/0011, 4000 Liège · Previous registered office: Boulevard de la Sauvenière 118, 4000 Liège · Registered office clause: Boulevard de la Sauvnière 118 à 4000 Liège · General meeting of 05-01-2022 · Gazette deed
Capital increase of €146,000
14,600 new shares · Contributions: MATTEZ Florence Marie (€18,000, 1,800 shares); ANDRIEN Murielle Anne (€8,500, 850 shares); PIRARD Eric Angel Christian Edmond (€8,500, 850 shares); and 4 others · General meeting of 22-06-2021 · Gazette deed
Purpose change · Amendment of the articles · Resignations & appointments
“L’exploitationdetoutessallesdesport,comprenantnotamment:lavente,l’achatetlalocationdematérielsetouvragessporti…” (deed in French) · General meeting of 30-04-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HALL18 Liège | €2.1m | €147,613 | 16.3% | - |
| HKN INVEST Wanze | €2.2m | €139,542 | 73.9% | - |
| REJU Herve | €1.9m | €120,965 | 1.1% | - |
| VAN HAREN MANAGEMENT Sprimont | €2.6m | €163,320 | 51.3% | - |
| Emax Ghent | €2.1m | €150,667 | 6.2% | - |
| YVH HOLDING Hoogstraten | €2.0m | €142,191 | 71.9% | - |
| HUNTSOLEM Beersel | €2.1m | €132,750 | 34.1% | 0 |
These companies have the same main activity as HALL18: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.9m and €2.6m, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 19-07-2017Normal situation
- Activity
- Business and other management consultancyNACE 70200and 6 others
- Establishment unit
- 2.266.334.7244000 Liège, since 19-07-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2025
Insights on HALL18
HALL18 files the abbreviated format. That format states no turnover. The gross margin rose from -€1,863 in 2018 to €147,613 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HALL18
- What is the company number of HALL18?
- The company number of HALL18 is 0678.739.484. The VAT number is the same number with BE in front: BE 0678.739.484.
- Where is HALL18 based?
- The registered office is at Rue de l'Académie 83, 4000 Liège.Company details
- What does HALL18 do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of HALL18?
- HALL18 is a private limited company (BV).
- When was HALL18 founded?
- HALL18 was founded on 19-07-2017.
- Is HALL18 still active?
- Yes, HALL18 is an active enterprise in the KBO register.
- What is the turnover of HALL18?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €147,613 and 93 comparable companies (NACE 70200). It probably lies between €190,000 and €310,000.Financials
- Is HALL18 profitable?
- In financial year 2025, HALL18 made a profit of €81,715.
- Where can I find the annual accounts of HALL18?
- HALL18 filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HALL18 due?
- HALL18 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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