Hart

Active

Private limited companyfounded 20242 yrs activeMinderbroedersrui 34, 2000 Antwerpen, BelgiumKBO/BCE: BE 1004.836.460

The computed 12-month bankruptcy probability of Hart is 4.0% (elevated). The 2025 annual accounts show equity of €5k and a net result of €8k. Its solvency ranks better than 37% of 13009 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

51 / 100

Fair▲ +23 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency10▼-23

Growth78

Stability82

Bankruptcy probability, 12 months

4.0% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.12 against 0.2 in 2024), and 84.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

9 d early

2024

1 d early

← before the deadline after the deadline →

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 months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€5k

2024 · €-3k

2024: €-3k

2024 → 2025

Total assets

€31k▼ 34.7%

2024 · €48k

2024: €48k

2024 → 2025

Net result

€8k

2024 · €-5k

2024: €-5k

2024 → 2025

Working capital

€-23k▲ 43.4%

2024 · €-41k

2024: €-41k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€-3k-€5k

Operating result€-4k-€12k

Net result€-5k-€8k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €12k after a loss of €4k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €31k

89.9%

10%

Fixed assets €28k▼ 25.6%

Current assets €3k▼ 68.8%

Equity and liabilities €31k

15.4%

84.6%

Equity €5k

Debt €26k

Debt finances 84.6% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

EBITDA

€22k▲

2024 · €5k

Cash flow

€18k▲

2024 · €4k

Solvency

15.4%▲

2024 · -6.7%

Current ratio

0.12▼

2024 · 0.20

Quick ratio

0.03▼

2024 · 0.12

Debt / equity

5.50▲

2024 · -15.94

ROE

166.7%▲

2024 · 162.8%

ROA

25.6%▲

2024 · -10.9%

Interest coverage

16.71▲

2024 · 7.49

Debt

€26k▼

2024 · €51k

Debt ≤ 1 year

€26k▼

2024 · €51k

Income taxes

€3k▲

2024 · €122

Staff costs

€0▼

2024 · €130

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€48k€31k▼

Fixed assets21/28€38k€28k▼

Intangible fixed assets21€36k€27k▼

Tangible fixed assets22/27€1k€540▼

Furniture and vehicles24€1k€540▼

Financial fixed assets28€50€50=

Current assets29/58€10k€3k▼

Stocks and contracts in progress3€4k€2k▼

Stocks30/36€4k€2k▼

Amounts receivable within one year40/41€213€230▲

Other amounts receivable41€213€230▲

Cash at bank and in hand54/58€6k€586▼

Deferred charges and accrued income490/1€125€0▼

Equity and liabilities

Total equity and liabilities10/49€48k€31k▼

Equity10/15€-3k€5k▲

Contributions10/11€2k€2k=

Profit (loss) carried forward14€-5k€3k▲

Amounts payable17/49€51k€26k▼

Amounts payable within one year42/48€51k€26k▼

Trade debts44€7k€6k▼

Suppliers440/4€7k€6k▼

Taxes, remuneration and social security45€10k€9k▼

Taxes450/3€10k€9k▼

Other amounts payable47/48€33k€11k▼

Accrued charges and deferred income492/3-€110

Income statement Code20242025

Remuneration, social security and pensions62€130€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲

Other operating charges640/8€3k€5k▲

Gross operating margin9900€7k€27k▲

Operating profit (loss)9901€-4k€12k▲

Financial income75/76B€3€10▲

Recurring financial income75€3€10▲

Financial charges65/66B€633€1k▲

Recurring financial charges65€633€1k▲

Profit (loss) for the period before taxes9903€-5k€11k▲

Income taxes67/77€122€3k▲

Profit (loss) for the period9904€-5k€8k▲

Profit (loss) for the period to be appropriated9905€-5k€8k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-5k€3k▲

Profit (loss) brought forward from the previous period14P-€-5k

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

22-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

30-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

31-12-2024 Resigned as Director

Location & real-estate footprint

Registered office, Antwerpen · 1 establishment unit since 2024

establishment The establishment unit on the map

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.

Minderbroedersrui 342000 Antwerpen

Ground area

88 m²

Building footprint

88 m²

Volume, LiDAR