HB'Fisc
ActiveHB'Fisc has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €523k and a net result of €171k. Equity is growing by ~44.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 12685 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+3
Growth52=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 4.28 against 3.24 in 2024; short-term debt: 19.4% and cash: 5.4% of total assets), and 23.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
76.2%
Return on assets
24.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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.
NBB · 3 filingsDeviation from the deadline
2025
31 d late
2024
25 d late
2023
31 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€523k▲ 48.5%
2024 · €353k
2023: €208k
2024: €353k
2023 → 2025
Total assets
€687k▲ 41.0%
2024 · €487k
2023: €323k
2024: €487k
2023 → 2025
Net result
€171k▲ 17.8%
2024 · €145k
2023: €188k
2024: €145k
2023 → 2025
Working capital
€438k▲ 45.0%
2024 · €302k
2023: €160k
2024: €302k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€208k-€353k▲ 69.9%€523k▲ 48.5%
Operating result€246k-€187k▼ 24.0%€211k▲ 12.8%
Net result€188k-€145k▼ 22.7%€171k▲ 17.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €687k
Fixed assets
€116k▲ 129%
Current assets
€572k▲ 30.9%
Equity and liabilities €687k
Equity
€523k▲ 48.5%
Debt
€164k▲ 21.6%
The debt ratio falls from 27.6% to 23.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€226k▲
2024 · €200k
Cash flow
€186k▲
2024 · €157k
Solvency
76.2%▲
2024 · 72.4%
Current ratio
4.28▲
2024 · 3.24
Quick ratio
4.28▲
2024 · 3.24
Debt / equity
0.31▼
2024 · 0.38
ROE
32.6%▼
2024 · 41.1%
ROA
24.9%▼
2024 · 29.8%
Interest coverage
336.35▲
2024 · 280.08
Debt
€164k▲
2024 · €135k
Debt ≤ 1 year
€133k▼
2024 · €135k
Debt > 1 year
€30k
Income taxes
€50k▲
2024 · €44k
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€487k€687k▲
Fixed assets21/28€50k€116k▲
Tangible fixed assets22/27€33k€98k▲
Land and buildings22-€69k
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€31k€28k▼
Financial fixed assets28€17k€17k=
Current assets29/58€437k€572k▲
Amounts receivable within one year40/41€191k€497k▲
Trade receivables40€89k€123k▲
Other amounts receivable41€102k€374k▲
Current investments50/53€175k€25k▼
Cash at bank and in hand54/58€70k€37k▼
Deferred charges and accrued income490/1€869€12k▲
Equity and liabilities
Total equity and liabilities10/49€487k€687k▲
Equity10/15€353k€523k▲
Contributions10/11€20k€20k=
Reserves13€333k€503k▲
Distributable reserves133€333k€503k▲
Amounts payable17/49€135k€164k▲
Amounts payable after more than one year17-€30k
Financial debts170/4-€30k
Amounts payable within one year42/48€135k€133k▼
Current portion of amounts payable after more than one year42€10k€12k▲
Trade debts44€7k€12k▲
Suppliers440/4€7k€12k▲
Taxes, remuneration and social security45€118k€109k▼
Taxes450/3€118k€109k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€15k▲
Other operating charges640/8€520€2k▲
Gross operating margin9900€200k€228k▲
Operating profit (loss)9901€187k€211k▲
Financial income75/76B€3k€15k▲
Recurring financial income75€3k€15k▲
Financial charges65/66B€712€5k▲
Recurring financial charges65€712€673▼
Non-recurring financial charges66B-€5k
Profit (loss) for the period before taxes9903€189k€221k▲
Income taxes67/77€44k€50k▲
Profit (loss) for the period9904€145k€171k▲
Profit (loss) for the period to be appropriated9905€145k€171k▲
Appropriation of the result
Profit (loss) to be appropriated9906€145k€171k▲
Transfer to equity691/2€145k€171k▲
To other reserves6921€145k€171k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
23-03
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose · Orinn Vijncke
2025
31-12
Financial
Equity above €500kEq €523k ▲48.5%
3 profitable years in a row build equity to €523k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €145k ▼22.7%
Net result drops to €145k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2022
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.
Schakelstraat 58790 WaregemGround area
1,270 m²
Building footprint
179 m²
Volume, LiDAR
2,211 m³
Parcel 34040C1027/00V000, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HB'Fisc
since 20222.335.343.690
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1027/00V000 | Flanders | 1,270 m² | 1 · 179 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 48 EUR awarded · 48 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 48 EUR | 48 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,267 companies in sector 69209 we hold annual accounts for 1,098. 717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-2022
Fiscal year end31-12
Activities, NACEBEL
69202Legal and accounting activities
69209Other tax advisory services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.