Hangar K
ActiveSummary
Hangar K has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €5k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 15% of 2692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▼-9
Solvency27▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.42 against 2.64 in 2024; short-term debt: 38.1% and cash: 6.6% of total assets), but 98.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.8%
Return on assets
0.3%
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 15% of 2692 sector peers (2025).
NBB · sector comparisonPosition among 2692 sector peers
Solvency
better than 15%
← 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 19-05-2026, 73 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
73 d early
2024
51 d early
2023
104 d late
2022
470 d late
2021
80 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€31k▲ 17.7%
2024 · €26k
2021: €78k
2022: €-4k
2023: €19k
2024: €26k
2021 → 2025
Total assets
€1.74M▼ 19.5%
2024 · €2.16M
2021: €1.07M
2022: €1.42M
2023: €3.75M
2024: €2.16M
2021 → 2025
Net result
€5k▼ 30.0%
2024 · €7k
2021: €7k
2022: €-82k
2023: €23k
2024: €7k
2021 → 2025
Working capital
€943k▼ 22.3%
2024 · €1.21M
2021: €321k
2022: €450k
2023: €2.53M
2024: €1.21M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€-4k€19k€26k▲ 33.8%€31k▲ 17.7%
Operating result€9k-€-78k€29k€23k▼ 20.1%€22k▼ 5.1%
Net result€7k-€-82k€23k€7k▼ 71.6%€5k▼ 30.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.72M
Fixed assets
€111k ▼ 37.3%
Current assets
€1.61M ▼ 17.7%
Equity and liabilities €1.74M
Equity
€31k ▲ 17.7%
Provisions
€25k
Debt
€1.69M ▼ 21.1%
Debt's share of the balance-sheet total falls from 98.8% to 96.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€99k▼
2024 · €101k
Cash flow
€82k▼
2024 · €85k
Current ratio
2.42▼
2024 · 2.64
Debt to equity
55.22▼
2024 · 82.35
ROE
15.0%▼
2024 · 25.3%
ROA
0.3%▼
2024 · 0.3%
Interest coverage
4.92▼
2024 · 6.39
Debt ≤ 1 year
€663k▼
2024 · €739k
Debt > 1 year
€365k▲
2024 · €255k
Income taxes
€353▼
2024 · €647
Staff costs
€260k▼
2024 · €294k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.16M€1.74M▼
Formation expenses20€34k€24k▼
Fixed assets21/28€176k€111k▼
Intangible fixed assets21€1k€606▼
Tangible fixed assets22/27€174k€109k▼
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€162k€100k▼
Financial fixed assets28€1k€960▼
Current assets29/58€1.95M€1.61M▼
Amounts receivable within one year40/41€1.74M€1.43M▼
Trade receivables40€1.73M€1.41M▼
Other amounts receivable41€16k€24k▲
Cash at bank and in hand54/58€188k€114k▼
Deferred charges and accrued income490/1€22k€57k▲
Equity and liabilities
Total equity and liabilities10/49€2.16M€1.74M▼
Equity10/15€26k€31k▲
Profit (loss) carried forward14€26k€31k▲
Provisions and deferred taxes16-€25k
Provisions for liabilities and charges160/5-€25k
Environmental obligations163-€25k
Amounts payable17/49€2.14M€1.69M▼
Amounts payable after more than one year17€255k€365k▲
Financial debts170/4€255k€365k▲
Amounts payable within one year42/48€739k€663k▼
Current portion of amounts payable after more than one year42€90k€140k▲
Financial debts43€0€2k▲
Other loans439€0€2k▲
Trade debts44€585k€488k▼
Suppliers440/4€585k€488k▼
Taxes, remuneration and social security45€64k€33k▼
Taxes450/3€36k€6k▼
Remuneration and social security454/9€28k€27k▼
Accrued charges and deferred income492/3€1.14M€658k▼
Income statement
Code20242025
Non-recurring operating income76A-€864
Remuneration, social security and pensions62€294k€260k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€78k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€16k€23k▲
Other operating charges640/8€1k€6k▲
Gross operating margin9900€412k€414k▲
Operating profit (loss)9901€23k€22k▼
Financial income75/76B€197€3k▲
Recurring financial income75€197€3k▲
Financial charges65/66B€16k€20k▲
Recurring financial charges65€16k€20k▲
Profit (loss) for the period before taxes9903€7k€5k▼
Income taxes67/77€647€353▼
Profit (loss) for the period9904€7k€5k▼
Profit (loss) for the period to be appropriated9905€7k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€31k▲
Profit (loss) brought forward from the previous period14P€19k€26k▲
Social balance
Average headcount (FTE)9087-3.9
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 104 days late
12-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 470 days late
2023
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.71
Current ratio from 1.73 to 3.71.
2022
31-12
Financial
Weakest financial yearnet €-82k ▼1287%
Net result drops to €-82k, the lowest in the series; recovery starts the following year.
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 80 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kortrijk · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nelson Mandelaplein(Kor) 28500 KortrijkGround area
7,707 m²
Building footprint
4,683 m²
Volume, LiDAR
35,443 m³
Parcel 34022E0450/00T006, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Nelson Mandelaplein(Kor) 2, 8500 Kortrijk
since 20182.271.095.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0450/00T006 | Flanders | 7,706 m² | 1 · 4,683 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 to 2025 · 23 entries · 5,328,919 EUR awarded · 2,746,926 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 7 | 1,634,211 EUR | 590,283 EUR |
| 2024 | 4 | 401,542 EUR | 399,435 EUR |
| 2023 | 6 | 941,584 EUR | 1,652,483 EUR |
| 2022 | 6 | 2,351,582 EUR | 104,725 EUR |
Schemes
VLAIO Netwerk werkings- en projectsubsidie
Event Flanders: projectsubsidies
Innovatieprojecten in de context van een speerpuntcluster
Subsidies voor internationaal ondernemen
Jumpstarters (prestart inclusief ondernemen)
Show 2 more
Media-initiatieven: Projectsubsidie voor een beleidsversterkend initiatief in het mediaveld (Uitgavendecreet)
Steun voor stijgende personeelskosten
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 1,244 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded28-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
94110Activities of business and employers' organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.