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 €33k and a net result of €-16k. 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 7500 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 €1k 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.
Credit check for your own amount and term
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 €-16k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 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 →
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
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▼ 32.5%
2024 · €48k
Total assets
€316k▲ 4.8%
2024 · €301k
Net result
€-16k▼ 55.3%
2024 · €-10k
Working capital
€-123k▼ 26.1%
2024 · €-98k
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€-12k€-6k▲ 48.5%€-3k▲ 54.9%€2k€-2k
Net result€-22k€-19k▲ 15.0%€-13k▲ 32.1%€-10k▲ 20.9%€-16k▼ 55.3%
Equity€90k▼ 19.7%€71k▼ 20.9%€59k▼ 18.0%€48k▼ 17.3%€33k▼ 32.5%
Total assets€278k▼ 28.4%€353k▲ 26.9%€311k▼ 12.0%€301k▼ 3.0%€316k▲ 4.8%
Debt€188k▼ 31.9%€282k▲ 49.9%€252k▼ 10.5%€253k▲ 0.3%€283k▲ 12.0%
Working capital€-51k€6k€-90k€-98k▼ 8.4%€-123k▼ 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 €2k after €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €316k
Fixed assets
€302k ▲ 0.9%
Current assets
€14k ▲ 623%
Equity and liabilities €316k
Equity
€33k ▼ 32.5%
Debt
€283k ▲ 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
€12k▼
2024 · €15k
Cash flow
€-2k▼
2024 · €3k
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
€137k▲
2024 · €100k
Debt > 1 year
€146k▼
2024 · €153k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €12k | €13k | €13k | ▲ 0.4% |
| Other operating charges640/8 | €892 | €1k | €232 | €1k | €5k | ▲ 356% |
| Gross operating margin9900 | €-3k | €3k | €9k | €16k | €17k | ▲ 3.0% |
| Operating profit (loss)9901 | €-12k | €-6k | €-3k | €2k | €-2k | ▼ 186% |
| Financial income75/76B | - | - | €0 | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - | €0 | - |
| Financial charges65/66B | €10k | €13k | €10k | €12k | €14k | ▲ 15.8% |
| Recurring financial charges65 | €10k | €13k | €10k | €12k | €14k | ▲ 15.8% |
| Profit (loss) for the period before taxes9903 | €-22k | €-19k | €-13k | €-10k | €-16k | ▼ 55.3% |
| Profit (loss) for the period9904 | €-22k | €-19k | €-13k | €-10k | €-16k | ▼ 55.3% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €-19k | €-13k | €-10k | €-16k | ▼ 55.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €278k | €353k | €311k | €301k | €316k | ▲ 4.8% |
| Fixed assets21/28 | €241k | €233k | €309k | €300k | €302k | ▲ 0.9% |
| Tangible fixed assets22/27 | €241k | €233k | €309k | €300k | €286k | ▼ 4.5% |
| Land and buildings22 | €136k | €136k | - | - | - | - |
| Other tangible fixed assets26 | €105k | €96k | €309k | €300k | €286k | ▼ 4.5% |
| Financial fixed assets28 | - | - | - | - | €16k | - |
| Current assets29/58 | €37k | €121k | €2k | €2k | €14k | ▲ 623% |
| Stocks and contracts in progress3 | - | €47k | - | - | - | - |
| Stocks30/36 | - | €47k | - | - | - | - |
| Amounts receivable within one year40/41 | €37k | €27k | €452 | €175 | €13k | ▲ 7,134% |
| Trade receivables40 | €30k | €26k | €452 | €175 | €13k | ▲ 7,134% |
| Other amounts receivable41 | €7k | €1k | - | - | - | - |
| Cash at bank and in hand54/58 | - | €47k | €1k | €2k | €964 | ▼ 38.9% |
| Deferred charges and accrued income490/1 | €146 | €70 | €146 | €156 | €163 | ▲ 4.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €278k | €353k | €311k | €301k | €316k | ▲ 4.8% |
| Equity10/15 | €90k | €71k | €59k | €48k | €33k | ▼ 32.5% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €92k | €92k | €92k | €92k | €92k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €90k | €90k | €90k | €90k | €90k | = |
| Profit (loss) carried forward14 | €-21k | €-40k | €-53k | €-63k | €-79k | ▼ 25.0% |
| Amounts payable17/49 | €188k | €282k | €252k | €253k | €283k | ▲ 12.0% |
| Amounts payable after more than one year17 | €100k | €167k | €160k | €153k | €146k | ▼ 4.6% |
| Financial debts170/4 | - | €67k | €60k | €53k | €46k | ▼ 13.3% |
| Other amounts payable178/9 | €100k | €100k | €100k | €100k | €100k | = |
| Amounts payable within one year42/48 | €88k | €115k | €92k | €100k | €137k | ▲ 37.5% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | €7k | €7k | ▲ 2.8% |
| Financial debts43 | €420 | - | - | - | - | - |
| Credit institutions430/8 | €420 | - | - | - | - | - |
| Trade debts44 | €660 | €25k | €9k | €210 | €5k | ▲ 2,292% |
| Suppliers440/4 | €660 | €25k | €9k | €210 | €5k | ▲ 2,292% |
| Taxes, remuneration and social security45 | €1k | €1k | €9k | €10k | €628 | ▼ 93.5% |
| Taxes450/3 | €1k | €1k | €9k | €10k | €628 | ▼ 93.5% |
| Other amounts payable47/48 | €85k | €83k | €68k | €83k | €124k | ▲ 49.9% |
| Accrued charges and deferred income492/3 | €510 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €-19k | €-13k | €-10k | €-16k | ▼ 55.3% |
| + Depreciation and write-downs630 | €9k | €9k | €12k | €13k | €13k | ▲ 0.4% |
| Operating cash flow (approximation) | €-13k | €-10k | €-1k | €3k | €-2k | ▼ 176% |
| Investment in fixed assets (approximation) | - | €0 | €-88k | €-4k | €-16k | ▼ 322% |
| Change in cash | - | - | €-46k | €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 €-22k
Net result drops to €-22k, 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 €16k ▲137%
Operating result €21k, net result €16k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 1.33
Current ratio from 0.65 to 1.33.
30-09
Financial
Equity above €100kEq €112k ▲16.5%
2 profitable years in a row build equity to €112k.
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 |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 12,549 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
Scores and ratios are computed by Checked and are not a credit decision.