Equity
€96,421 ▲ 11.5%
HANNES DENOLF has made a profit without a break since 2019.
HANNES DENOLF
Lifetime
10 annual accounts with figures on one time axispeak €35,543 (2023)
€31,958▲ 28.2%
lowest -€5,448 (2018)
€9,924▲ 114%
peak €96,421 (2025)
€96,421▲ 11.5%
€23,401▼ 6.1%
Board1 name since 2015
1 directorHannes DENOLF
Documentsfilings and deeds
05-01-202626 days before the deadline
2025micro format
Gross margin from €24,936 to €31,958Result from €4,628 to €9,924
Key points
from the 2025 annual accountsFilings
10 annual accounts since 2016
The last five annual accounts were filed 26 to 36 days before the end of the period.
Position in the sector
80.1%
Higher solvency than 85% of companies in specialised construction. Sector median 46.7% · 35,125 companies.
Checked score
93
Excellent
Financially stronger than 70% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025highest value
02-2026: 0.1%▼ -0.1 percentage points vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €120,349
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 3.43, cash €32,405
Equity €96,421 (80.1% of total assets)
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 43, micro). It does better than 90% of them on solvency, 76% on liquidity, 57% on profitability and 57% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as HANNES DENOLF has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of HANNES DENOLF itself: 0.2% 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 34,693 companies, not a prediction for HANNES DENOLF. 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
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.43 (3.45 in 2024), above the usual 1.5. Short-term debt is 19.4% and cash 26.9% of total assets. 19.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 days early
2024
36 days early
2023
36 days early
2022
28 days early
2021
34 days early
2020
32 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 28 December (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
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0633925979
Change of role: Hannes DENOLF, from manager to director
Director discharge: Hannes DENOLF · General meeting of 01-03-2023 · Gazette deed
New establishment in Tielt
Hannes Denolf BV, Vanderheerenlaan 3D
Incorporation
published on 22-07-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HANNES DENOLF Pittem | €120,349 | €31,958 | 80.1% | - |
| AR CONSTRUCT Waterloo | €120,977 | €36,523 | 64.5% | - |
| ISOBEL CONSTRUCT Brussels | €124,600 | €38,431 | 74.4% | - |
| Iso Fen Antwerp | €113,245 | €31,543 | 68.0% | - |
| MH Isolation et Immo Liège | €97,105 | €40,674 | 80.4% | - |
| NATIONALE ISOLATIE DIENST Zonhoven | €161,221 | €26,138 | 30.2% | - |
| Voegwerken Vanheel Heusden-Zolder | €135,938 | €47,400 | 73.9% | - |
These companies have the same main activity as HANNES DENOLF: insulation installation (NACE 43230). They are comparable in size and age: total assets between €97,100 and €161,000, founded between 2013 and 2017.
Official details
Source: KBO- Status
- Active since 17-07-2015Normal situation
- Activity
- Insulation installationNACE 43230and 2 others
- Establishment units
- 2.243.792.2218740 Pittem, since 17-07-2015
- 2.314.559.4618760 Tielt, since 01-01-2021
- Financial year end
- 30 June
- Peppol
- Reachable since 26-09-2025
Annual accounts to 30-06-2025
- ≈ €170,000estimated
- €120,349▲ 7.2%
- Filing
- Filed on 05-01-2026, 26 days before the end of the filing period
Insights on HANNES DENOLF
HANNES DENOLF files the micro format. That format states no turnover. The gross margin rose from €7,495 in 2016 to €31,958 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 HANNES DENOLF
- What is the company number of HANNES DENOLF?
- The company number of HANNES DENOLF is 0633.925.979. The VAT number is the same number with BE in front: BE 0633.925.979.
- Where is HANNES DENOLF based?
- The registered office is at Muizebeekstraat 25, 8740 Pittem.Company details
- What does HANNES DENOLF do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of HANNES DENOLF?
- HANNES DENOLF is a private limited company (BV).
- When was HANNES DENOLF founded?
- HANNES DENOLF was founded on 17-07-2015.
- Is HANNES DENOLF still active?
- Yes, HANNES DENOLF is an active enterprise in the KBO register.
- What is the turnover of HANNES DENOLF?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €31,958 and 119 comparable companies (NACE 432). It probably lies between €110,000 and €230,000.Financials
- Is HANNES DENOLF profitable?
- In financial year 2025, HANNES DENOLF made a profit of €9,924.
- Where can I find the annual accounts of HANNES DENOLF?
- HANNES DENOLF filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HANNES DENOLF due?
- HANNES DENOLF must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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