Håndlayer
ActiveSummary
The computed 12-month bankruptcy probability of Håndlayer is 2.4% (moderate). The annual accounts of Håndlayer for fiscal year 2025 show a net loss of 63% of the equity at the start of that year. The 2025 annual accounts show equity of €8,203 and a net result of -€13,825. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 28051 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-15
Solvency26▼-3
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.93 against 1.18 in 2024; short-term debt: 27.2% and cash: 8.2% of total assets), and 98.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
1.4%
Return on assets
-2.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 28051 sector peers (2025).
NBB · sector comparisonPosition among 28051 sector peers
Solvency
better than 10%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
22 d early
2023
15 d early
2022
31 d early
2021
31 d early
2020
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€8,203▼ 62.8%
2024 · €22,027
Total assets
€566,483▼ 7.8%
2024 · €614,094
Net result
-€13,825
2024 · €8,419
Working capital
-€10,649
2024 · €26,019
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€31,069▲ 270%€11,523▼ 62.9%-€6,104€37,054€19,099▼ 48.5%
Net result€22,198▲ 260%€503▼ 97.7%-€25,262€8,419-€13,825
Equity€38,368▲ 137%€38,871▲ 1.3%€13,609▼ 65.0%€22,027▲ 61.9%€8,203▼ 62.8%
Total assets€167,735▲ 107%€659,744▲ 293%€639,739▼ 3.0%€614,094▼ 4.0%€566,483▼ 7.8%
Debt€129,366▲ 99.7%€620,873▲ 380%€626,130▲ 0.8%€592,066▼ 5.4%€558,281▼ 5.7%
Working capital-€11,602▲ 47.6%€87,360€24,978▼ 71.4%€26,019▲ 4.2%-€10,649
Staff (FTE)11=1.7▲ 70.0%2.5▲ 47.1%2.6▲ 4.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +293% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €566,483
Fixed assets
€423,222 ▼ 5.1%
Current assets
€143,261 ▼ 14.9%
Equity and liabilities €566,483
Equity
€8,203 ▼ 62.8%
Debt
€558,281 ▼ 5.7%
Debt's share of the balance-sheet total rises from 96.4% to 98.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€50,870▼
2024 · €75,182
Cash flow
€17,946▼
2024 · €46,547
Current ratio
0.93▼
2024 · 1.18
Quick ratio
0.48▼
2024 · 0.70
Debt to equity
68.06▲
2024 · 26.88
ROE
-168.5%▼
2024 · 38.2%
ROA
-2.4%▼
2024 · 1.4%
Interest coverage
1.64▼
2024 · 2.81
Debt ≤ 1 year
€153,911▲
2024 · €142,290
Debt > 1 year
€404,370▼
2024 · €449,776
Income taxes
€2,022▲
2024 · €1,892
Staff costs
€116,235▲
2024 · €107,444
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €22,152 | - |
| Remuneration, social security and pensions62 | €53,372 | €49,316 | €86,589 | €107,444 | €116,235 | ▲ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,846 | €39,935 | €42,050 | €38,128 | €31,771 | ▼ 16.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €8,000 | -€8,000 | €0 | €1,799 | - |
| Other operating charges640/8 | €2,838 | €54,277 | €35,064 | €5,163 | €4,436 | ▼ 14.1% |
| Gross operating margin9900 | €119,125 | €163,051 | €149,600 | €187,789 | €173,340 | ▼ 7.7% |
| Operating profit (loss)9901 | €31,069 | €11,523 | -€6,104 | €37,054 | €19,099 | ▼ 48.5% |
| Financial income75/76B | €54 | €124 | €490 | €40 | €53 | ▲ 30.4% |
| Recurring financial income75 | €54 | €124 | €490 | €40 | €53 | ▲ 30.4% |
| Financial charges65/66B | €2,372 | €4,207 | €19,412 | €26,784 | €30,955 | ▲ 15.6% |
| Recurring financial charges65 | €2,372 | €4,207 | €19,412 | €26,784 | €30,955 | ▲ 15.6% |
| Profit (loss) for the period before taxes9903 | €28,750 | €7,440 | -€25,026 | €10,310 | -€11,803 | ▼ 214% |
| Income taxes67/77 | €6,552 | €6,938 | €236 | €1,892 | €2,022 | ▲ 6.9% |
| Profit (loss) for the period9904 | €22,198 | €503 | -€25,262 | €8,419 | -€13,825 | ▼ 264% |
| Profit (loss) for the period to be appropriated9905 | €22,198 | €503 | -€25,262 | €8,419 | -€13,825 | ▼ 264% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €167,735 | €659,744 | €639,739 | €614,094 | €566,483 | ▼ 7.8% |
| Fixed assets21/28 | €122,053 | €498,180 | €476,239 | €445,784 | €423,222 | ▼ 5.1% |
| Intangible fixed assets21 | €2,739 | €1,770 | €802 | €0 | - | - |
| Tangible fixed assets22/27 | €116,720 | €493,655 | €475,278 | €445,624 | €423,062 | ▼ 5.1% |
| Land and buildings22 | - | €404,548 | €389,333 | €372,690 | €392,516 | ▲ 5.3% |
| Plant, machinery and equipment23 | €29,481 | €32,237 | €22,958 | €18,877 | €15,578 | ▼ 17.5% |
| Furniture and vehicles24 | €65,306 | €35,276 | €24,399 | €20,100 | €14,968 | ▼ 25.5% |
| Other tangible fixed assets26 | €21,932 | €21,595 | €38,588 | €33,957 | €0 | ▼ 100% |
| Financial fixed assets28 | €2,595 | €2,755 | €160 | €160 | €160 | = |
| Current assets29/58 | €45,681 | €161,564 | €163,499 | €168,310 | €143,261 | ▼ 14.9% |
| Stocks and contracts in progress3 | €15,175 | €31,295 | €32,145 | €68,202 | €69,189 | ▲ 1.4% |
| Stocks30/36 | €15,175 | €31,295 | €32,145 | €68,202 | €69,189 | ▲ 1.4% |
| Amounts receivable within one year40/41 | €4,316 | €53,643 | €64,752 | €53,550 | €21,667 | ▼ 59.5% |
| Trade receivables40 | €2,868 | €50,143 | €50,645 | €49,894 | €8,408 | ▼ 83.1% |
| Other amounts receivable41 | €1,448 | €3,499 | €14,107 | €3,656 | €13,259 | ▲ 263% |
| Cash at bank and in hand54/58 | €16,106 | €74,108 | €56,196 | €39,016 | €46,230 | ▲ 18.5% |
| Deferred charges and accrued income490/1 | €10,084 | €2,518 | €10,406 | €7,541 | €6,176 | ▼ 18.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €167,735 | €659,744 | €639,739 | €614,094 | €566,483 | ▼ 7.8% |
| Equity10/15 | €38,368 | €38,871 | €13,609 | €22,027 | €8,203 | ▼ 62.8% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €28,368 | €28,871 | €3,609 | €12,027 | -€1,797 | ▼ 115% |
| Amounts payable17/49 | €129,366 | €620,873 | €626,130 | €592,066 | €558,281 | ▼ 5.7% |
| Amounts payable after more than one year17 | €72,083 | €529,892 | €487,608 | €449,776 | €404,370 | ▼ 10.1% |
| Financial debts170/4 | €72,083 | €529,892 | €388,418 | €372,350 | €404,370 | ▲ 8.6% |
| Other amounts payable178/9 | - | - | €99,191 | €77,426 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €57,283 | €74,204 | €138,521 | €142,290 | €153,911 | ▲ 8.2% |
| Current portion of amounts payable after more than one year42 | €24,598 | €37,192 | €35,474 | €46,320 | €25,954 | ▼ 44.0% |
| Financial debts43 | €10,000 | - | €35,000 | €60,000 | €62,544 | ▲ 4.2% |
| Credit institutions430/8 | €10,000 | - | €35,000 | €60,000 | €62,544 | ▲ 4.2% |
| Trade debts44 | €16,983 | €29,840 | €67,812 | €20,414 | €55,845 | ▲ 174% |
| Suppliers440/4 | €16,983 | €29,840 | €67,812 | €20,414 | €55,845 | ▲ 174% |
| Taxes, remuneration and social security45 | €1,159 | €5,111 | €236 | €15,307 | €9,569 | ▼ 37.5% |
| Taxes450/3 | €1,159 | - | €236 | €6,297 | €3,914 | ▼ 37.8% |
| Remuneration and social security454/9 | - | €5,111 | €0 | €9,010 | €5,654 | ▼ 37.2% |
| Other amounts payable47/48 | €4,542 | €2,062 | €0 | €250 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €16,777 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,198 | €503 | -€25,262 | €8,419 | -€13,825 | ▼ 264% |
| + Depreciation and write-downs630 | €31,846 | €39,935 | €42,050 | €38,128 | €31,771 | ▼ 16.7% |
| Operating cash flow (approximation) | €54,044 | €40,438 | €16,788 | €46,547 | €17,946 | ▼ 61.4% |
| Investment in fixed assets (approximation) | - | -€416,062 | -€20,109 | -€7,673 | -€9,209 | ▼ 20.0% |
| Change in cash | - | €58,002 | -€17,912 | -€17,180 | €7,214 | ▲ 142% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8,419
Net result €8,419 after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€25,262
Net result drops to -€25,262, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 2.18
Current ratio from 0.80 to 2.18.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €22,198 ▲260%
Net result €22,198, the highest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 2023
Ground area
1,381 m²
Parcel 11807G2128/00Z002, Flanders. Linked by address, not a title deed.
1 establishment unit
Håndlayer
since 20232.339.615.749
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G2128/00Z002indicative | Flanders | 1,381 m² | - | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 1,490 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
Founded24-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
Contact
Website
www.handlayer.com
Website
www.m-creations.be
E-mail
info@handlayer.com
E-mail
info@m-creations.be
Phone
+32471759027Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0752888462
Also
9925:BE0752888462
Registered
25-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.