HCE Solutions
ActiveSummary
The computed 12-month bankruptcy probability of HCE Solutions is 4.8% (elevated). The 2025 annual accounts show equity of €29,830 and a net result of €5,484. Equity is growing by ~47.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 1006 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
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Signals
This company filed its last 3 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €5,000 | €3,629 | ▼ 27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15 | €715 | €1,388 | ▲ 94.2% |
| Other operating charges640/8 | €197 | €1,242 | €3,423 | ▲ 176% |
| Gross operating margin9900 | €8,487 | €29,270 | €16,537 | ▼ 43.5% |
| Operating profit (loss)9901 | €8,275 | €22,314 | €8,096 | ▼ 63.7% |
| Financial income75/76B | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | - | - |
| Financial charges65/66B | €72 | €57 | €1,044 | ▲ 1,730% |
| Recurring financial charges65 | €72 | €57 | €1,044 | ▲ 1,730% |
| Profit (loss) for the period before taxes9903 | €8,204 | €22,257 | €7,052 | ▼ 68.3% |
| Income taxes67/77 | €1,645 | €4,568 | €1,569 | ▼ 65.7% |
| Profit (loss) for the period9904 | €6,558 | €17,689 | €5,484 | ▼ 69.0% |
| Profit (loss) for the period to be appropriated9905 | €6,558 | €17,689 | €5,484 | ▼ 69.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €25,118 | €45,457 | €47,757 | ▲ 5.1% |
| Fixed assets21/28 | €2,541 | €4,456 | €4,868 | ▲ 9.2% |
| Tangible fixed assets22/27 | €2,541 | €4,456 | €3,068 | ▼ 31.1% |
| Plant, machinery and equipment23 | - | €2,427 | €1,550 | ▼ 36.1% |
| Leasing and similar rights25 | €2,541 | €2,029 | €1,518 | ▼ 25.2% |
| Financial fixed assets28 | - | - | €1,800 | - |
| Current assets29/58 | €22,577 | €41,001 | €42,889 | ▲ 4.6% |
| Amounts receivable within one year40/41 | €13,259 | €19,261 | €41,315 | ▲ 115% |
| Trade receivables40 | €10,625 | €18,146 | €36,340 | ▲ 100% |
| Other amounts receivable41 | €2,634 | €1,115 | €4,975 | ▲ 346% |
| Cash at bank and in hand54/58 | €9,318 | €21,740 | €1,574 | ▼ 92.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €25,118 | €45,457 | €47,757 | ▲ 5.1% |
| Equity10/15 | €6,658 | €24,347 | €29,830 | ▲ 22.5% |
| Contributions10/11 | €100 | €100 | €100 | = |
| Reserves13 | €6,558 | €24,247 | €29,730 | ▲ 22.6% |
| Distributable reserves133 | €6,558 | €24,247 | €29,730 | ▲ 22.6% |
| Amounts payable17/49 | €18,459 | €21,110 | €17,927 | ▼ 15.1% |
| Amounts payable within one year42/48 | €16,959 | €19,610 | €17,007 | ▼ 13.3% |
| Trade debts44 | €4,783 | €49 | €8,042 | ▲ 16,335% |
| Suppliers440/4 | €4,783 | €49 | €8,042 | ▲ 16,335% |
| Taxes, remuneration and social security45 | €10,645 | €7,913 | €6,136 | ▼ 22.5% |
| Taxes450/3 | €1,645 | €6,213 | €6,136 | ▼ 1.2% |
| Remuneration and social security454/9 | €9,000 | €1,700 | - | - |
| Other amounts payable47/48 | €1,531 | €11,648 | €2,828 | ▼ 75.7% |
| Accrued charges and deferred income492/3 | €1,500 | €1,500 | €920 | ▼ 38.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,558 | €17,689 | €5,484 | ▼ 69.0% |
| + Depreciation and write-downs630 | €15 | €715 | €1,388 | ▲ 94.2% |
| Operating cash flow (approximation) | €6,574 | €18,404 | €6,871 | ▼ 62.7% |
| Investment in fixed assets (approximation) | - | -€2,630 | -€1,800 | ▲ 31.6% |
| Change in cash | - | €12,422 | -€20,166 | ▼ 262% |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003B0036/00S004 | Flanders | 114 m² | 1 · 84 m² | 13.9 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.