HALZEBATZ
ActiveSummary
HALZEBATZ has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€349) and a net result of -€1,964. Equity is shrinking by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency20▼-35
Growth38=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9 against 1.19 in 2024; short-term debt: 105% and cash: 23.5% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-5%
Return on assets
-28.4%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€349
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
6 d early
2023
30 d early
2022
3 d early
2021
4 d late
2020
60 d early
2019
21 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 19 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€610▼ 92.2%
2019 · €7,841
EBIT margin
-352.0%▼ 193.7pp
2019 · -158.2%
Net result
-€1,964▼ 31.7%
2024 · -€1,491
Working capital
-€726
2024 · €718
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Turnover
Operating result-€575▲ 73.2%-€1,657▼ 188%-€2,099▼ 26.7%-€1,637▲ 22.0%-€2,096▼ 28.1%
Net result-€643below the sector's middle half▲ 79.5%-€1,445below the sector's middle half▼ 125%-€1,992below the sector's middle half▼ 37.8%-€1,491below the sector's middle half▲ 25.1%-€1,964below the sector's middle half▼ 31.7%
EBIT margin
Equity€6,543below the sector's middle half▼ 8.9%€5,098below the sector's middle half▼ 22.1%€3,106below the sector's middle half▼ 39.1%€1,615below the sector's middle half▼ 48.0%-€349below the sector's middle half
Total assets€8,498below the sector's middle half▲ 14.2%€6,216below the sector's middle half▼ 26.9%€6,904below the sector's middle half▲ 11.1%€5,434below the sector's middle half▼ 21.3%€6,926below the sector's middle half▲ 27.4%
Debt€1,955▲ 658%€1,118▼ 42.8%€3,798▲ 240%€3,820▲ 0.6%€7,275▲ 90.5%
Working capital€4,085within the sector's middle half▼ 42.8%€3,160within the sector's middle half▼ 22.6%€1,689within the sector's middle half▼ 46.6%€718below the sector's middle half▼ 57.5%-€726below the sector's middle half
Solvency77.0%within the sector's middle half▼ 19.5pp82.0%above the sector's middle half▲ 5.0pp45.0%within the sector's middle half▼ 37.0pp29.7%within the sector's middle half▼ 15.3pp-5.0%below the sector's middle half▼ 34.8pp
Current ratio3.09within the sector's middle half▼ 25.573.83within the sector's middle half▲ 0.741.44within the sector's middle half▼ 2.381.19within the sector's middle half▼ 0.260.90below the sector's middle half▼ 0.29
Return on assets (ROA)-7.6%below the sector's middle half▲ 34.6pp-23.3%below the sector's middle half▼ 15.7pp-28.8%below the sector's middle half▼ 5.6pp-27.4%below the sector's middle half▲ 1.4pp-28.4%below the sector's middle half▼ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,096 in 2025 against €1,637 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6,607
Fixed assets
€58 ▼ 69.9%
Current assets
€6,549 ▲ 44.3%
Key figures and ratios
EBITDA
-€1,576▼
2024 · -€1,117
Cash flow
-€1,444▼
2024 · -€971
Interest coverage
-18.24▼
2024 · -13.12
Debt ≤ 1 year
€7,275▲
2024 · €3,820
Equity ratios withheld: equity of -€349 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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%.
| 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 6,940 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 | €143 | €520 | €520 | €520 | €520 | = |
| Other operating charges640/8 | €348 | €348 | €433 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€84 | -€789 | -€1,145 | -€729 | -€1,176 | ▼ 61.3% |
| Operating profit (loss)9901 | -€575 | -€1,657 | -€2,099 | -€1,637 | -€2,096 | ▼ 28.1% |
| Financial income75/76B | - | €298 | €190 | €231 | €218 | ▼ 5.3% |
| Recurring financial income75 | - | €298 | €190 | €231 | €218 | ▼ 5.3% |
| Financial charges65/66B | €68 | €87 | €83 | €85 | €86 | ▲ 1.6% |
| Recurring financial charges65 | €68 | €87 | €83 | €85 | €86 | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | -€643 | -€1,445 | -€1,992 | -€1,491 | -€1,964 | ▼ 31.7% |
| Profit (loss) for the period9904 | -€643 | -€1,445 | -€1,992 | -€1,491 | -€1,964 | ▼ 31.7% |
| Profit (loss) for the period to be appropriated9905 | -€643 | -€1,445 | -€1,992 | -€1,491 | -€1,964 | ▼ 31.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,498 | €6,216 | €6,904 | €5,434 | €6,926 | ▲ 27.4% |
| Formation expenses20 | €1,859 | €1,474 | €1,089 | €704 | €319 | ▼ 54.7% |
| Fixed assets21/28 | €599 | €464 | €329 | €193 | €58 | ▼ 69.9% |
| Intangible fixed assets21 | €599 | €464 | €329 | €193 | €58 | ▼ 69.9% |
| Current assets29/58 | €6,040 | €4,278 | €5,487 | €4,537 | €6,549 | ▲ 44.3% |
| Amounts receivable within one year40/41 | €4,618 | €3,675 | €4,100 | €4,475 | €4,924 | ▲ 10.0% |
| Other amounts receivable41 | €4,618 | €3,675 | €4,100 | €4,475 | €4,924 | ▲ 10.0% |
| Cash at bank and in hand54/58 | €1,422 | €604 | €1,386 | €62 | €1,625 | ▲ 2,511% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,498 | €6,216 | €6,904 | €5,434 | €6,926 | ▲ 27.4% |
| Equity10/15 | €6,543 | €5,098 | €3,106 | €1,615 | -€349 | ▼ 122% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Financial assistance1313 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€13,917 | -€15,362 | -€17,354 | -€18,845 | -€20,809 | ▼ 10.4% |
| Amounts payable17/49 | €1,955 | €1,118 | €3,798 | €3,820 | €7,275 | ▲ 90.5% |
| Amounts payable within one year42/48 | €1,955 | €1,118 | €3,798 | €3,820 | €7,275 | ▲ 90.5% |
| Trade debts44 | €1,955 | €348 | €27 | €49 | €430 | ▲ 775% |
| Suppliers440/4 | €1,955 | €348 | €27 | €49 | €430 | ▲ 775% |
| Other amounts payable47/48 | - | €770 | €3,770 | €3,770 | €6,845 | ▲ 81.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€643 | -€1,445 | -€1,992 | -€1,491 | -€1,964 | ▼ 31.7% |
| + Depreciation and write-downs630 | €143 | €520 | €520 | €520 | €520 | = |
| Operating cash flow (approximation) | -€500 | -€925 | -€1,471 | -€971 | -€1,444 | ▼ 48.7% |
| Investment in fixed assets (approximation) | - | -€385 | -€385 | -€385 | -€385 | = |
| Change in cash | - | -€818 | €783 | -€1,324 | €1,562 | ▲ 218% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 6current ratio 28.66
Current ratio from 5.07 to 28.66; short-term debt falls from €2,525 to €258.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€14,790
Net result drops to -€14,790, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 5.07
Current ratio from 2.30 to 5.07; short-term debt falls from €18,225 to €2,525.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are 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, Paliseul · 1 establishment unit since 2009
Ground area
2,836 m²
Building footprint
311 m²
Volume, LiDAR
2,140 m³
2 parcels, Wallonia · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Dinant(WP) 969, 5100 Namur
since 20092.181.966.401
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135C0280/00A000 | Wallonia | 1,692 m² | 1 · 162 m² | 16.9 m · 4 fl. |
| 84012D0354/00M002 | Wallonia | 1,143 m² | 1 · 149 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
SPONTE SUA
BE 0526.785.917
Elsene · Eq €1,613
EI4B
BE 0606.967.602
Boechout · Eq €1,613
DHONT AUTOMOTIVE INVEST
BE 0765.939.021
Zulte · Eq €1,612
VICTOR NICHOLSON
BE 0827.602.515
Overijse · Eq €1,612
VDLPM
BE 1030.631.433
Perwez · Eq €1,618
Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 6,834 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
Founded02-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47690Retail sale of other cultural and recreation goods
85592Vocational training
E-invoicing
Reachable via Peppol
Peppol ID
0208:0818208064
Registered
06-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.