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HAY GROUP

Active
Private limited companyfounded 2022active for 3 yearsKerkstraat 4, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0793.601.441
Summary

The computed 12-month bankruptcy probability of HAY GROUP is 11.0% (high). The 2024 annual accounts show equity of €9,400 and a net result of €11,247. Its solvency ranks better than 16% of 9,839 sector peers (NACE 41, financial year 2024). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
HAY GROUPActiveChecked score 32/100
Risk analysis ReportCompare

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€124,776total assets 2024
Equity
€9,400
Profit
€11,247
Turnover not published (micro format)
Financial health
32 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
11.0%
Structure
2025 accounts not filed, 85 days past the deadline3 of 5 deeds summarised
Why 32raises risk1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 97 days late; 2 of the last 3 lateFigures for financial year 2024 (filed 07-11-2025)Sector: Construction of residential and non-residential buildings (NACE 41)Show the evidence

Checked score

Score 2024
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 49% of its sector peers (NACE 41, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 33+10
equity 7.5% of total assets
Liquidity 24+2
short-term debt 77.7% · cash 12.9%
Profitability 80+72
return on assets 9.0%
Bankruptcy probability, 12 months
11.0% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,433 companies, NACE 41, micro)
Last 24 months 11-2024: 12.6% 12-2024: 12.6%● unchanged vs 11-2024 01-2025: 12.6%● unchanged vs 12-2024 02-2025: 12.6%● unchanged vs 01-2025 03-2025: 12.6%● unchanged vs 02-2025 04-2025: 12.6%● unchanged vs 03-2025 05-2025: 12.6%● unchanged vs 04-2025 06-2025: 13.0%▲ +0.4 percentage points vs 05-2025 07-2025: 12.8%▼ -0.2 percentage points vs 06-2025 08-2025: 13.3%▲ +0.5 percentage points vs 07-2025 09-2025: 13.3%● unchanged vs 08-2025 10-2025: 15.7%▲ +2.4 percentage points vs 09-2025highest value 11-2025: 14.8%▼ -0.9 percentage points vs 10-2025 12-2025: 7.9%▼ -6.9 percentage points vs 11-2025 01-2026: 7.8%▼ -0.1 percentage points vs 12-2025 02-2026: 7.9%▲ +0.1 percentage points vs 01-2026 03-2026: 6.2%▼ -1.7 percentage points vs 02-2026 04-2026: 6.2%● unchanged vs 03-2026 05-2026: 6.2%● unchanged vs 04-2026 06-2026: 6.2%● unchanged vs 05-2026 07-2026: 5.8%▼ -0.4 percentage points vs 06-2026lowest value 08-2026: 6.2%▲ +0.4 percentage points vs 07-2026 09-2026: 6.5%▲ +0.3 percentage points vs 08-2026 10-2026: 11.0%▲ +4.5 percentage points vs 09-2026
No publishable credit limit; credit only on tighter terms
Liquidity insufficient (current ratio 0.93, compared with 0.56 in 2023, below 1; short-term debt: 77.7% and cash: 12.9% of total assets), and 92.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 16% on solvency, 19% on liquidity, 61% on profitability and 99% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises risk
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 97 days late; 2 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 07-11-2025)
NBB · annual accounts
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9839 sector peers (2024).
NBB · sector comparison
Position among 9839 sector peers
Solvency
better than 16%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 85 days later.
NBB · 2 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline24-10-2026 today
raises risk · 2024 accounts filed 97 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-11-2025, 97 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
97 days late
2023
303 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 200 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Resignation: Vardan Adamyan (director)Appointment: Matthias Goublomme (director) ·…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Caution: 2025 accounts not fileddeadline was 31-07-2026 85 days past the deadline View
  • Caution: Among the weakest 17% on solvencysector median 42.3% · 9,839 companies 7.5% View
  • Caution: Board changedlatest change 05-10-2026 · 1 in office 1 joined · 1 left View

By topic

Financials

Financial year
2024
Total assets
€124,776
Profit
€11,247
Solvency
7.5%
Total assets▲ 55.6%
Net result
20232024
Go to Financials

Timeline

Events
6
Since
2024
  1. 18-04-2025Resignation: Simona Siaudvytyte (manager)
  2. 31-12-2024Back to profit
  3. 16-02-2024Registered office
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of residential buildingsNACE 41001
Founded
15-11-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about HAY GROUP

What is the company number of HAY GROUP?
0793.601.441. In Belgium the VAT number is the company number with BE in front: BE 0793.601.441.
Where is HAY GROUP based?
The registered office is at Kerkstraat 4, 9830 Sint-Martens-Latem.Company details
What does HAY GROUP do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of HAY GROUP?
Private limited company (BV).
When was HAY GROUP founded?
On 15-11-2022.
Is HAY GROUP still active?
Yes, HAY GROUP is an active enterprise in the KBO register.
What is the turnover of HAY GROUP?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is HAY GROUP profitable?
In financial year 2024, HAY GROUP made a profit of €11,247.
Where can I find the annual accounts of HAY GROUP?
HAY GROUP filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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