Equity
-€1.1m
Debts exceed assets in financial year 2025.
Han Communication
Lifetime
6 annual accounts with figures on one time axispeak €299,883 (2021)
-€21,447▲ €51,561
lowest -€632,553 (2020)
-€118,703▲ €44,804
peak -€613,953 (2020)
-€1.1m▼ €118,703
€1.2m▲ 7.4%
Board2 names since 2018
1 directorBOLLE Philippe
Owners
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from -€73,008 to -€21,447Loss of €118,703Equity from -€966,341 to -€1.1m
Key points
from the 2025 annual accountsLosses
-€466,356 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€1.2m 1,556% of the balance sheet
Financial debts 2%Suppliers 0%Taxes and wages 1%Other 96%
Of this, €1.1m falls due within a year.
Turnover not published (micro format)
Checked score
50
Fair
Financially stronger than 10% of micro companies in architecture and engineering (NACE 71)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,830 companies (NACE 71, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025
05-2025: 1.4%▲ +0.4 percentage points vs 04-2025
06-2025: 0.9%▼ -0.5 percentage points vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.8%▼ -0.1 percentage points vs 01-2026lowest value
03-2026: 1.8%▲ +1.0 percentage point vs 02-2026
04-2026: 1.9%▲ +0.1 percentage points vs 03-2026
05-2026: 2.5%▲ +0.6 percentage points vs 04-2026highest value
06-2026: 2.4%▼ -0.1 percentage points vs 05-2026
07-2026: 2.4%● unchanged vs 06-2026
08-2026: 2.4%● unchanged vs 07-2026
09-2026: 2.4%● unchanged vs 08-2026
10-2026: 2.4%● unchanged vs 09-2026
11-2026: 2.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Negative equity -€1.1m
Loss of €118,703, the second in a row (financial year 2025)
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
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 71, micro). It does better than 3% of them on solvency, 7% on liquidity, 4% on profitability and 26% 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 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 6,008 companies had the same profile as Han Communication has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Han Communication itself: 2.4% within 12 months.
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 6,008 companies, not a prediction for Han Communication. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.02 (0.03 in 2024), below 1. Cash is 13.1% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€1.1m
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 30-04-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
1 day early
2023
on the day
2022
1 day late
2021
2 days early
2020
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average on the deadline day. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end08-11-2026 today30-04-2027 deadline
Recent changes
Registered office moved from Fraire to Walcourt
New registered office: Rue des Bergeries 25 à 5650 Walcourt · Previous registered office: Rue du Moulin, 18A à 5650 Fraire · Board meeting of 12-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0716695287
Change of role: BOLLE Philippe, from manager to director
Director discharge: BOLLE Philippe · Gazette deed
New manager
Philippe Bolle appointed, Bipho resigned · Permanent representative: Philippe Bolle · Director discharge: Bipho · General meeting of 14-10-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Han Communication Walcourt | €74,542 | -€21,447 | -1455.6% | - |
| MaxCec Mons | €72,782 | -€10,221 | 33.9% | - |
| HANNA CONSULTING SERVICES Berchem-Sainte-Agathe | €82,958 | -€3,466 | 91.9% | - |
| STENITRAM Brussels | €84,560 | -€14,907 | -6.0% | - |
| RAIL SUPPORT SERVICES Ranst | €66,190 | -€4,102 | 85.8% | - |
| ICS Ingenieur Conseils Stabilité Fleurus | €82,847 | -€767 | 39.0% | - |
| ENGINEERING COLLECTIVE Kasterlee | €90,664 | -€10,552 | -2.3% | - |
These companies have the same main activity as Han Communication: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €66,200 and €90,700, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 20-12-2018Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 30-09-2025
- Establishment unit
- 2.283.234.7955650 Walcourt, since 04-01-2019
- Financial year end
- 30 September
- Peppol
- Reachable since 05-01-2026
Annual accounts to 30-09-2025
- €74,542▼ 34.4%
- Employeeson 30-09-2025
- 1=
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on Han Communication
Han Communication files the micro format. That format states no turnover. The gross margin fell from -€1,999 in 2020 to -€21,447 in 2025.
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 Han Communication
- What is the company number of Han Communication?
- The company number of Han Communication is 0716.695.287. The VAT number is the same number with BE in front: BE 0716.695.287.
- Where is Han Communication based?
- The registered office is at Rue des Bergeries 25, 5650 Walcourt.Company details
- What does Han Communication do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of Han Communication?
- Han Communication is a private limited company (BV).
- When was Han Communication founded?
- Han Communication was founded on 20-12-2018.
- Is Han Communication still active?
- Yes, Han Communication is an active enterprise in the KBO register.
- How many employees does Han Communication have?
- Han Communication had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Han Communication fall under?
- In its 30-09-2025 annual accounts, Han Communication states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Han Communication?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is Han Communication profitable?
- In financial year 2025, Han Communication made a loss of €118,703.
- Where can I find the annual accounts of Han Communication?
- Han Communication filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Han Communication due?
- Han Communication must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.