HALUCO
ActiveSummary
HALUCO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32,708 and a net result of -€15,751. Equity is shrinking by ~16% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 18% of 7564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-6
Solvency35▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.1 against 0.02 in 2024; short-term debt: 43.4% and cash: 0.3% of total assets), and 89.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.3%
Return on assets
-5%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€15,751
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7564 sector peers (2025).
NBB · sector comparisonPosition among 7564 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
5 d early
2023
1 d early
2022
2 d early
2021
16 d early
2020
38 d early
2019
69 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€32,708▼ 32.5%
2024 · €48,459
Total assets
€316,044▲ 4.8%
2024 · €301,496
Net result
-€15,751▼ 55.3%
2024 · -€10,140
Working capital
-€123,349▼ 26.1%
2024 · -€97,844
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€12,276-€6,321▲ 48.5%-€2,851▲ 54.9%€1,988-€1,709
Net result-€22,221-€18,877▲ 15.0%-€12,821▲ 32.1%-€10,140▲ 20.9%-€15,751▼ 55.3%
Equity€90,297▼ 19.7%€71,420▼ 20.9%€58,599▼ 18.0%€48,459▼ 17.3%€32,708▼ 32.5%
Total assets€278,401▼ 28.4%€353,328▲ 26.9%€310,960▼ 12.0%€301,496▼ 3.0%€316,044▲ 4.8%
Debt€188,104▼ 31.9%€281,908▲ 49.9%€252,362▼ 10.5%€253,037▲ 0.3%€283,337▲ 12.0%
Working capital-€50,593€5,688-€90,302-€97,844▼ 8.4%-€123,349▼ 26.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,709 after €1,988 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €316,044
Fixed assets
€302,242 ▲ 0.9%
Current assets
€13,802 ▲ 623%
Equity and liabilities €316,044
Equity
€32,708 ▼ 32.5%
Debt
€283,337 ▲ 12.0%
Debt's share of the balance-sheet total rises from 83.9% to 89.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11,637▼
2024 · €15,285
Cash flow
-€2,405▼
2024 · €3,158
Current ratio
0.10▲
2024 · 0.02
Debt to equity
8.66▲
2024 · 5.22
ROE
-48.2%▼
2024 · -20.9%
ROA
-5.0%▼
2024 · -3.4%
Interest coverage
0.83▼
2024 · 1.26
Debt ≤ 1 year
€137,151▲
2024 · €99,752
Debt > 1 year
€146,186▼
2024 · €153,285
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 2,448 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,750 | €8,750 | €11,688 | €13,297 | €13,346 | ▲ 0.4% |
| Other operating charges640/8 | €892 | €1,055 | €232 | €1,161 | €5,298 | ▲ 356% |
| Gross operating margin9900 | -€2,634 | €3,484 | €9,069 | €16,446 | €16,935 | ▲ 3.0% |
| Operating profit (loss)9901 | -€12,276 | -€6,321 | -€2,851 | €1,988 | -€1,709 | ▼ 186% |
| Financial income75/76B | - | - | €0 | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - | €0 | - |
| Financial charges65/66B | €9,945 | €12,556 | €9,970 | €12,127 | €14,042 | ▲ 15.8% |
| Recurring financial charges65 | €9,945 | €12,556 | €9,970 | €12,127 | €14,042 | ▲ 15.8% |
| Profit (loss) for the period before taxes9903 | -€22,221 | -€18,877 | -€12,821 | -€10,140 | -€15,751 | ▼ 55.3% |
| Profit (loss) for the period9904 | -€22,221 | -€18,877 | -€12,821 | -€10,140 | -€15,751 | ▼ 55.3% |
| Profit (loss) for the period to be appropriated9905 | -€22,221 | -€18,877 | -€12,821 | -€10,140 | -€15,751 | ▼ 55.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €278,401 | €353,328 | €310,960 | €301,496 | €316,044 | ▲ 4.8% |
| Fixed assets21/28 | €241,400 | €232,650 | €309,094 | €299,588 | €302,242 | ▲ 0.9% |
| Tangible fixed assets22/27 | €241,400 | €232,650 | €309,094 | €299,588 | €286,242 | ▼ 4.5% |
| Land and buildings22 | €136,400 | €136,400 | - | - | - | - |
| Other tangible fixed assets26 | €105,000 | €96,250 | €309,094 | €299,588 | €286,242 | ▼ 4.5% |
| Financial fixed assets28 | - | - | - | - | €16,000 | - |
| Current assets29/58 | €37,001 | €120,678 | €1,866 | €1,908 | €13,802 | ▲ 623% |
| Stocks and contracts in progress3 | - | €46,660 | - | - | - | - |
| Stocks30/36 | - | €46,660 | - | - | - | - |
| Amounts receivable within one year40/41 | €36,855 | €27,113 | €452 | €175 | €12,675 | ▲ 7,134% |
| Trade receivables40 | €30,150 | €25,932 | €452 | €175 | €12,675 | ▲ 7,134% |
| Other amounts receivable41 | €6,705 | €1,181 | - | - | - | - |
| Cash at bank and in hand54/58 | - | €46,835 | €1,268 | €1,576 | €964 | ▼ 38.9% |
| Deferred charges and accrued income490/1 | €146 | €70 | €146 | €156 | €163 | ▲ 4.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €278,401 | €353,328 | €310,960 | €301,496 | €316,044 | ▲ 4.8% |
| Equity10/15 | €90,297 | €71,420 | €58,599 | €48,459 | €32,708 | ▼ 32.5% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €91,522 | €91,522 | €91,522 | €91,522 | €91,522 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | €89,522 | €89,522 | €89,522 | €89,522 | €89,522 | = |
| Profit (loss) carried forward14 | -€21,225 | -€40,102 | -€52,923 | -€63,063 | -€78,814 | ▼ 25.0% |
| Amounts payable17/49 | €188,104 | €281,908 | €252,362 | €253,037 | €283,337 | ▲ 12.0% |
| Amounts payable after more than one year17 | €100,000 | €166,918 | €160,194 | €153,285 | €146,186 | ▼ 4.6% |
| Financial debts170/4 | - | €66,918 | €60,194 | €53,285 | €46,186 | ▼ 13.3% |
| Other amounts payable178/9 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Amounts payable within one year42/48 | €87,594 | €114,990 | €92,168 | €99,752 | €137,151 | ▲ 37.5% |
| Current portion of amounts payable after more than one year42 | - | €6,544 | €6,724 | €6,909 | €7,099 | ▲ 2.8% |
| Financial debts43 | €420 | - | - | - | - | - |
| Credit institutions430/8 | €420 | - | - | - | - | - |
| Trade debts44 | €660 | €24,515 | €8,765 | €210 | €5,018 | ▲ 2,292% |
| Suppliers440/4 | €660 | €24,515 | €8,765 | €210 | €5,018 | ▲ 2,292% |
| Taxes, remuneration and social security45 | €1,358 | €1,362 | €9,114 | €9,620 | €628 | ▼ 93.5% |
| Taxes450/3 | €1,358 | €1,362 | €9,114 | €9,620 | €628 | ▼ 93.5% |
| Other amounts payable47/48 | €85,156 | €82,569 | €67,564 | €83,013 | €124,406 | ▲ 49.9% |
| Accrued charges and deferred income492/3 | €510 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,221 | -€18,877 | -€12,821 | -€10,140 | -€15,751 | ▼ 55.3% |
| + Depreciation and write-downs630 | €8,750 | €8,750 | €11,688 | €13,297 | €13,346 | ▲ 0.4% |
| Operating cash flow (approximation) | -€13,471 | -€10,127 | -€1,133 | €3,158 | -€2,405 | ▼ 176% |
| Investment in fixed assets (approximation) | - | €0 | -€88,132 | -€3,791 | -€16,000 | ▼ 322% |
| Change in cash | - | - | -€45,567 | €309 | -€613 | ▼ 299% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity doublescurrent ratio 1.05
Current ratio from 0.42 to 1.05.
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€22,221
Net result drops to -€22,221, the lowest in the series; recovery starts the following year.
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €15,760 ▲137%
Operating result €21,026, net result €15,760, both a record.
30-09
Financial
Liquidity doublescurrent ratio 1.33
Current ratio from 0.65 to 1.33.
30-09
Financial
Equity above €100,000Eq €111,522 ▲16.5%
2 profitable years in a row build equity to €111,522.
Show earlier events
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Diksmuide · 1 establishment unit since 2005
Ground area
5,402 m²
Building footprint
308 m²
Volume, LiDAR
1,524 m³
Parcel 32472D0438/00A002, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20052.147.960.872
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32472D0438/00A002 | Flanders | 5,402 m² | 1 · 308 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,950 EUR awarded · 1,950 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,950 EUR | 1,950 EUR |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,554 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 (pre-2019)
Founded17-06-2005
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
Phone
051505484Diksmuide
Fax
051505485Diksmuide
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874534479
Also
9925:BE0874534479
Registered
17-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.