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HANREZ STABLES

Active
Private limited company·Exploitatie van sportaccommodaties· 4 yrs active
Rue des Bruyères 10 ·4671 Blégny, Belgium
KBO/BCE: BE 0781.386.666
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age4 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of HANREZ STABLES is 0.8% (low). The 2024 annual accounts show equity of €76k and a net result of €960. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 786 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

3 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 95% of 786 peers (2024). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend
Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 11 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-08-2025, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 14-08-2025 14 d late 2025-00384678
31-12-2023 31-07-2024 07-08-2024 7 d late 2024-00335598
31-12-2022 31-07-2023 28-08-2023 28 d late 2023-00378432

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.8% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€960-95.1%
Working capital€74k+2.4%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 14-08-2025 with the NBB · fiscal year 2024 · micro
€0€20k€40k€60kOperating result 2022: €67k€67kNet result 2022: €54k€54kOperating result 2023: €25k€25kNet result 2023: €20k€20kOperating result 2024: €2k€2kNet result 2024: €960€960202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~13.7%/year over 3 fiscal years, indicative, assuming unchanged policy.
€40k€60k€80k€100k€120k2025: €86k (€80k - €92k)2026: €96k (€90k - €102k)2027: €107k (€100k - €113k)2022: €55k2023: €75k2024: €76k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 93 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 88.0% 20.2%
better than 95% of 786 sector peers
Net result €960 €2k
better than 46% of 788 sector peers
Equity €76k €18k
better than 80% of 789 sector peers
Gross operating margin €3k €24k
better than 25% of 787 sector peers
Total assets €86k €110k
better than 42% of 787 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P95
2022: P81 · n=4802023: P72 · n=6522024: P95 · n=7862022 2024
Improving position over 2022-2024 · n=480-786
Net result P46
2022: P91 · n=4812023: P73 · n=6502024: P46 · n=7882022 2024
Weakening position over 2022-2024 · n=481-788
Equity P80
2022: P75 · n=4822023: P80 · n=6532024: P80 · n=7892022 2024
Stable position over 2022-2024 · n=482-789
Gross operating margin P25
2022: P78 · n=4802023: P53 · n=6492024: P25 · n=7872022 2024
Weakening position over 2022-2024 · n=480-787
Describes the position versus peers, not a forecast.
EBITDA
€3k
-89.4% 22-24
Net profit
€960
-95.1% 22-24
Cash flow
€2k
-91.2% 22-24
Total assets
€86k
-48.8% 22-24
Equity
€76k
+1.3% 22-24
Working capital
€74k
+2.4% 22-24
Income taxes
€295
-93.9% 22-24
Debt
€10k
-88.9% 22-24
Debt ≤ 1y
€10k
-88.9% 22-24
Current ratio
8.12
+359.1% 22-24
Quick ratio
8.12
+359.1% 22-24
Solvency
88.0%
+97.9% 22-24
Debt / equity
0.14
-89.1% 22-24
ROE
1.3%
-95.2% 22-24
ROA
1.1%
-90.4% 22-24
Interest coverage
4.38
-94.2% 22-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€3k
Net profit€960
Cash flow€2k
Staff costs-
Income taxes€295
Dividends-
Total assets€86k
Equity€76k
Debt€10k
of which ≤ 1y€10k
of which > 1y-
Working capital€74k
Employees (FTE)-
Ratios (computed)
2024
Current ratio8.12
Quick ratio8.12
Working capital ratio85.5%
Solvency88.0%
Debt / equity0.14
Long-term debt ratio-
Interest coverage4.38
Gross margin-
Net margin-
ROA1.1%
ROE1.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€86k
Fixed assets 21/28€2k
Tangible fixed assets 22/27€2k
Current assets 29/58€84k
Amounts receivable within one year 40/41€3k
Cash & bank 54/58€80k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€86k
Equity 10/15€76k
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€74k
Amounts payable 17/49€10k
Amounts payable within one year 42/48€10k
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€3k
Operating result 9901€2k
Financial charges 65€604
Result before taxes 9903€1k
Income taxes 67/77€295
Net result for the period 9904€960
Result to be appropriated 9905€960
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
86 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
Blégny exact location from the address register

Establishment units

1 location
Hanrez Stables
Rue des Bruyères 10, 4671 BlégnyExploitatie van sportaccommodaties
since 20222.340.817.559
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,784 m²
Buildings1
Building footprint182 m²
Volume (LiDAR)867 m³
Tallest building6.7 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62010B0009/00C000 Wallonia 2,784 m² 1 · 182 m² 6.7 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health86Profitability6Solvency100Growth52Stability94
68 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 86
Profitability 6
Solvency 100
Growth 52
Stability 94

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Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Exploitatie van sportaccommodaties93110Exploitatie van sportaccommodaties93110Fokken van paarden en andere paardachtigen01430Fokken en houden van paarden en andere paardachtigen01430Sport- en recreatieonderwijs85510Sport- en recreatieonderwijs85510Activiteiten van paardensportclubs93127Activiteiten van paardensportclubs93127Overige sportactiviteiten, n.e.g.93199Overige sportactiviteiten, neg93199
Primary activity highlighted.
Names & trade names
Legal nameFR HANREZ STABLES
Registered office
Rue des Bruyères 10
4671 Blégny, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.