HALV · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

HALV has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96k and a net result of €42k. Equity is growing by ~77.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	28-05-2026	64 d early	2026-00128031
31-12-2024	31-07-2025	12-08-2025	12 d late	2025-00374478
31-12-2023	31-07-2024	30-08-2024	30 d late	2024-00427590

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Timeline

What happened to this company, by date

State Gazette, CBE and NBB in one series

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

All 4 NBB filing 3 State Gazette act 1

2026

28-05-2026 NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

12-08-2025 NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-08-2024 NBB filing Annual accounts filed

fiscal year 2023 · micro schema

11-03-2024 State Gazette act Registered-office change

No further detail in the source.

Financials

TurnoverNot published (micro schema)

EBIT marginNot published (micro schema)

Net result€42k-4.1%

Working capital€96k+77.6%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 28-05-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~77.7%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€77k

+35.3% 23-25

Net profit

€42k

-4.1% 23-25

Cash flow

€43k

-4.0% 23-25

Total assets

€112k

+56.6% 23-25

Equity

€96k

+75.3% 23-25

Working capital

€96k

+77.6% 23-25

Income taxes

€12k

-3.1% 23-25

Dividends

€859

- 23-25

Show 9 other metrics

Debt

€16k

-4.0% 23-25

Debt ≤ 1y

€16k

-4.0% 23-25

Current ratio

6.90

+64.7% 23-25

Quick ratio

6.90

+64.7% 23-25

Solvency

85.5%

+11.9% 23-25

Debt / equity

0.17

-45.2% 23-25

ROE

43.9%

-45.3% 23-25

ROA

37.5%

-38.7% 23-25

Interest coverage

3.45

-99.7% 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro schema
Revenue	-
EBITDA	€77k
Net profit	€42k
Cash flow	€43k
Staff costs	-
Income taxes	€12k
Dividends	€859
Total assets	€112k
Equity	€96k
Debt	€16k
of which ≤ 1y	€16k
of which > 1y	-
Working capital	€96k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	6.90
Quick ratio	6.90
Working capital ratio	85.3%
Solvency	85.5%
Debt / equity	0.17
Long-term debt ratio	-
Interest coverage	3.45
Gross margin	-
Net margin	-
ROA	37.5%
ROE	43.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €263 · 0.2% Current assets €112k · 99.8%

Equity & liabilities

Equity €96k · 85.5% Debt €16k · 14.5%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€112k
Fixed assets	21/28	€263
Tangible fixed assets	22/27	€263
Current assets	29/58	€112k
Amounts receivable within one year	40/41	€1k
Cash & bank	54/58	€107k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€112k
Equity	10/15	€96k
Contributions / capital	10/11	€2k
Reserves	13	€90k
Accumulated profits (losses)	14	€4k
Amounts payable	17/49	€16k
Amounts payable within one year	42/48	€16k
Trade debts payable within one year	44	€3k
Income statement
Gross operating margin	9900	€77k
Operating result	9901	€76k
Financial charges	65	€22k
Result before taxes	9903	€54k
Income taxes	67/77	€12k
Net result for the period	9904	€42k
Result to be appropriated	9905	€42k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

93 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

HALV

Kestelstraat 105, 9880 AalterActiviteiten van huisartspraktijken

since 20232.345.269.067

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,061 m²

Buildings1

Building footprint128 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)