HCW
ActiveSummary
HCW has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,211 and a net result of -€667. Equity is shrinking by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 16% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
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Signals
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 1,038 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,058 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% | 1.6% |
| 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 74% 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 1,038 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €55 | €168 | €176 | €179 | €192 | ▲ 7.2% |
| Gross operating margin9900 | -€4,292 | €2,973 | -€2,362 | -€994 | -€382 | ▲ 61.6% |
| Operating profit (loss)9901 | -€4,347 | €2,805 | -€2,537 | -€1,173 | -€574 | ▲ 51.1% |
| Financial charges65/66B | €109 | €80 | €95 | €92 | €93 | ▲ 1.2% |
| Recurring financial charges65 | €109 | €80 | €95 | €92 | €93 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | -€4,456 | €2,726 | -€2,632 | -€1,265 | -€667 | ▲ 47.3% |
| Profit (loss) for the period9904 | -€4,456 | €2,726 | -€2,632 | -€1,265 | -€667 | ▲ 47.3% |
| Profit (loss) for the period to be appropriated9905 | -€4,456 | €2,726 | -€2,632 | -€1,265 | -€667 | ▲ 47.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,540 | €75,745 | €76,621 | €77,356 | €78,733 | ▲ 1.8% |
| Fixed assets21/28 | €56,000 | €56,000 | €56,000 | €56,000 | €56,000 | = |
| Tangible fixed assets22/27 | €56,000 | €56,000 | €56,000 | €56,000 | €56,000 | = |
| Furniture and vehicles24 | €56,000 | €56,000 | €56,000 | €56,000 | €56,000 | = |
| Current assets29/58 | €19,540 | €19,745 | €20,621 | €21,356 | €22,733 | ▲ 6.4% |
| Amounts receivable within one year40/41 | €17,104 | €17,901 | €18,845 | €19,726 | €20,931 | ▲ 6.1% |
| Other amounts receivable41 | €17,104 | €17,901 | €18,845 | €19,726 | €20,931 | ▲ 6.1% |
| Cash at bank and in hand54/58 | €1,095 | €352 | €422 | €425 | €679 | ▲ 59.6% |
| Deferred charges and accrued income490/1 | €1,342 | €1,491 | €1,355 | €1,205 | €1,123 | ▼ 6.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,540 | €75,745 | €76,621 | €77,356 | €78,733 | ▲ 1.8% |
| Equity10/15 | €6,049 | €8,775 | €6,143 | €4,878 | €4,211 | ▼ 13.7% |
| Contributions10/11 | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Capital10 | - | - | - | - | €6,250 | - |
| Issued capital100 | - | - | - | - | €18,600 | - |
| Uncalled capital101 | - | - | - | - | €12,350 | - |
| Outside capital11 | €6,250 | - | - | - | - | - |
| Other1109/19 | €6,250 | - | - | - | - | - |
| Reserves13 | €20,649 | €20,649 | €20,649 | €20,649 | €20,649 | = |
| Non-distributable reserves130/1 | €1,041 | €1,041 | €1,041 | €1,041 | €1,041 | = |
| Legal reserve130 | €1,041 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,041 | €1,041 | €1,041 | €1,041 | = |
| Distributable reserves133 | €19,608 | €19,608 | €19,608 | €19,608 | €19,608 | = |
| Profit (loss) carried forward14 | -€20,850 | -€18,124 | -€20,756 | -€22,021 | -€22,688 | ▼ 3.0% |
| Amounts payable17/49 | €69,491 | €66,970 | €70,478 | €72,478 | €74,522 | ▲ 2.8% |
| Amounts payable within one year42/48 | €69,491 | €66,970 | €70,478 | €72,478 | €74,522 | ▲ 2.8% |
| Trade debts44 | €348 | €667 | - | - | €1,044 | - |
| Suppliers440/4 | €348 | €667 | - | - | €1,044 | - |
| Other amounts payable47/48 | €69,144 | €66,303 | €70,478 | €72,478 | €73,478 | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,456 | €2,726 | -€2,632 | -€1,265 | -€667 | ▲ 47.3% |
| Operating cash flow (approximation) | -€4,456 | €2,726 | -€2,632 | -€1,265 | -€667 | ▲ 47.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€743 | €69 | €4 | €254 | ▲ 6,736% |
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
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0053/00F003 | Flanders | 882 m² | 1 · 226 m² | 17.7 m · 5 fl. |
Linked by address, not proof of ownership
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Identification & contact
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.