HAZEL
ActiveSummary
HAZEL has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €87k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 2284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+1
Solvency29▼-19
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.86 in 2024; short-term debt: 50.4% and cash: 39.2% of total assets), and 95.8% of the assets are financed with debt.
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Signals
Four 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
4.2%
Return on assets
19.7%
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 17% of 2284 sector peers (2025).
NBB · sector comparisonPosition among 2284 sector peers
Solvency
better than 17%
← 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 05-06-2026, 56 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
56 d early
2024
15 d early
2023
16 d early
2022
34 d early
2021
23 d early
2020
18 d early
2019
1 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€19k▼ 81.6%
2024 · €101k
Total assets
€440k▲ 1.8%
2024 · €432k
Net result
€87k▲ 7.8%
2024 · €80k
Working capital
€18k▼ 79.8%
2024 · €91k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€100k▲ 40.5%€114k▲ 13.5%€127k▲ 11.7%€119k▼ 6.2%€115k▼ 3.6%
Net result€73k▲ 41.5%€87k▲ 18.6%€91k▲ 5.1%€80k▼ 12.0%€87k▲ 7.8%
Equity€21k▼ 74.0%€107k▲ 420%€21k▼ 80.8%€101k▲ 388%€19k▼ 81.6%
Total assets€416k▼ 6.8%€421k▲ 1.1%€454k▲ 7.8%€432k▼ 4.9%€440k▲ 1.8%
Debt€396k▲ 7.8%€314k▼ 20.8%€433k▲ 38.2%€331k▼ 23.7%€421k▲ 27.2%
Working capital€5k▼ 91.3%€98k▲ 1,710%€-7k€91k€18k▼ 79.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €440k
Fixed assets
€199k ▼ 15.0%
Current assets
€240k ▲ 21.8%
Equity and liabilities €440k
Equity
€19k ▼ 81.6%
Debt
€421k ▲ 27.2%
Debt's share of the balance-sheet total rises from 76.6% to 95.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€150k▼
2024 · €155k
Cash flow
€122k▲
2024 · €116k
Current ratio
1.08▼
2024 · 1.86
Debt to equity
22.63▲
2024 · 3.28
ROE
465.1%▲
2024 · 79.5%
ROA
19.7%▲
2024 · 18.6%
Interest coverage
28.00▲
2024 · 14.38
Debt ≤ 1 year
€222k▲
2024 · €106k
Debt > 1 year
€194k▼
2024 · €215k
Income taxes
€23k▼
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €29k | €33k | €36k | €35k | ▼ 1.4% |
| Other operating charges640/8 | €4k | €4k | €4k | €4k | €4k | ▼ 9.1% |
| Gross operating margin9900 | €134k | €147k | €164k | €159k | €154k | ▼ 3.3% |
| Operating profit (loss)9901 | €100k | €114k | €127k | €119k | €115k | ▼ 3.6% |
| Financial income75/76B | €1k | €1k | €587 | €0 | - | - |
| Recurring financial income75 | €1k | €1k | €587 | €0 | - | - |
| Financial charges65/66B | €9k | €3k | €4k | €11k | €5k | ▼ 50.2% |
| Recurring financial charges65 | €9k | €3k | €4k | €11k | €5k | ▼ 50.2% |
| Profit (loss) for the period before taxes9903 | €92k | €112k | €123k | €108k | €110k | ▲ 1.0% |
| Income taxes67/77 | €19k | €25k | €32k | €28k | €23k | ▼ 18.2% |
| Profit (loss) for the period9904 | €73k | €87k | €91k | €80k | €87k | ▲ 7.8% |
| Profit (loss) for the period to be appropriated9905 | €73k | €87k | €91k | €80k | €87k | ▲ 7.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €416k | €421k | €454k | €432k | €440k | ▲ 1.8% |
| Fixed assets21/28 | €291k | €267k | €265k | €235k | €199k | ▼ 15.0% |
| Tangible fixed assets22/27 | €291k | €266k | €265k | €234k | €199k | ▼ 15.0% |
| Land and buildings22 | €283k | €255k | €228k | €204k | €176k | ▼ 13.9% |
| Plant, machinery and equipment23 | - | €1k | €903 | €636 | €369 | ▼ 42.0% |
| Furniture and vehicles24 | €4k | €4k | €28k | €21k | €14k | ▼ 31.8% |
| Other tangible fixed assets26 | €4k | €5k | €9k | €9k | €9k | = |
| Financial fixed assets28 | €210 | €210 | €210 | €210 | €210 | = |
| Current assets29/58 | €125k | €154k | €189k | €197k | €240k | ▲ 21.8% |
| Amounts receivable within one year40/41 | €21k | €23k | €65k | €68k | €66k | ▼ 3.4% |
| Trade receivables40 | - | €3k | €62k | €63k | €62k | ▼ 1.4% |
| Other amounts receivable41 | €21k | €20k | €3k | €5k | €4k | ▼ 27.8% |
| Cash at bank and in hand54/58 | €101k | €129k | €121k | €129k | €172k | ▲ 33.5% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | €259 | €2k | ▲ 814% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €416k | €421k | €454k | €432k | €440k | ▲ 1.8% |
| Equity10/15 | €21k | €107k | €21k | €101k | €19k | ▼ 81.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €89k | €2k | €82k | - | - |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €220 | €87k | €2k | €82k | - | - |
| Amounts payable17/49 | €396k | €314k | €433k | €331k | €421k | ▲ 27.2% |
| Amounts payable after more than one year17 | €276k | €255k | €235k | €215k | €194k | ▼ 9.5% |
| Financial debts170/4 | €276k | €255k | €235k | €215k | €194k | ▼ 9.5% |
| Amounts payable within one year42/48 | €120k | €57k | €196k | €106k | €222k | ▲ 110% |
| Current portion of amounts payable after more than one year42 | €20k | €20k | €20k | €20k | €20k | = |
| Trade debts44 | €6k | €2k | €4k | €1k | €2k | ▲ 69.1% |
| Suppliers440/4 | €6k | €2k | €4k | €1k | €2k | ▲ 69.1% |
| Advances received on contracts in progress46 | - | - | €5k | €5k | €5k | = |
| Taxes, remuneration and social security45 | €7k | €31k | €7k | - | €24k | - |
| Taxes450/3 | €7k | €29k | €7k | - | €22k | - |
| Remuneration and social security454/9 | - | €2k | - | - | €2k | - |
| Other amounts payable47/48 | €87k | €3k | €159k | €79k | €171k | ▲ 115% |
| Accrued charges and deferred income492/3 | €42 | €1k | €3k | €11k | €5k | ▼ 51.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73k | €87k | €91k | €80k | €87k | ▲ 7.8% |
| + Depreciation and write-downs630 | €29k | €29k | €33k | €36k | €35k | ▼ 1.4% |
| Operating cash flow (approximation) | €103k | €116k | €124k | €116k | €122k | ▲ 4.9% |
| Investment in fixed assets (approximation) | - | €-5k | €-32k | €-5k | €0 | ▲ 100% |
| Change in cash | - | €27k | €-8k | €8k | €43k | ▲ 411% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €101k ▲388%
7 profitable years in a row build equity to €101k.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €91k ▲5.1%
Operating result €127k, net result €91k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 2.72
Current ratio from 1.05 to 2.72; short-term debt falls from €120k to €57k.
31-12
Financial
Equity above €100kEq €107k ▲420%
5 profitable years in a row build equity to €107k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €3k ▼95.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 2016
Ground area
213 m²
Building footprint
171 m²
Volume, LiDAR
1,945 m³
Parcel 11313B1085/00A000, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HAZEL
since 20162.249.612.518
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11313B1085/00A000 | Flanders | 213 m² | 1 · 171 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,413. 5,692 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.