HELD HOLZ
ActiveSummary
HELD HOLZ has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €511k and a net result of €32k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-3
Solvency80▲+1
Growth68=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.92 in 2024; short-term debt: 45.1% and cash: 7% of total assets), and 45.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
54.9%
Return on assets
3.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
29 d late
2023
68 d late
2022
32 d late
2021
31 d late
2020
25 d late
2019
60 d late
← 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
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.42M▲ 202%
2021 · €469k
2018: €650k
2019: €475k▼ -26.9% vs 2018
2020: €225k▼ -52.7% vs 2019lowest in 5 years
2021: €469k▲ +108% vs 2020
2022: €1.42M▲ +202% vs 2021highest in 5 years
2018 → 2022
EBIT margin
7.0%▼ 2.8pp
2021 · 9.8%
2018: 12.4%
2019: 17.2%▲ +39.0% vs 2018highest in 5 years
2020: 3.3%▼ -80.6% vs 2019lowest in 5 years
2021: 9.8%▲ +193% vs 2020
2022: 7.0%▼ -28.2% vs 2021
2018 → 2022
Net result
€32k▼ 4.9%
2024 · €34k
2018: €64khighest in 8 years
2019: €50k▼ -21.4% vs 2018
2020: €2k▼ -96.7% vs 2019lowest in 8 years
2021: €30k▲ +1729% vs 2020
2022: €63k▲ +107% vs 2021
2023: €19k▼ -69.8% vs 2022
2024: €34k▲ +78.2% vs 2023
2025: €32k▼ -4.9% vs 2024
2018 → 2025
Working capital
€-91k▼ 162%
2024 · €-35k
2018: €-136k
2019: €-183k▼ -34.9% vs 2018lowest in 8 years
2020: €-144k▲ +21.3% vs 2019
2021: €-116k▲ +19.5% vs 2020
2022: €-73k▲ +37.3% vs 2021
2023: €-180k▼ -148% vs 2022
2024: €-35k▲ +80.9% vs 2023highest in 8 years
2025: €-91k▼ -162% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€469k-€1.42M▲ 202%
2021: €469k
2022: €1.42M▲ +202% vs 2021
Equity€364k-€426k▲ 17.2%€445k▲ 4.4%€479k▲ 7.6%€511k▲ 6.7%
2021: €364klowest in 5 years
2022: €426k▲ +17.2% vs 2021
2023: €445k▲ +4.4% vs 2022
2024: €479k▲ +7.6% vs 2023
2025: €511k▲ +6.7% vs 2024highest in 5 years
Operating result€46k-€100k▲ 117%€42k▼ 57.8%€64k▲ 53.1%€62k▼ 3.6%
2021: €46k
2022: €100k▲ +117% vs 2021highest in 5 years
2023: €42k▼ -57.8% vs 2022lowest in 5 years
2024: €64k▲ +53.1% vs 2023
2025: €62k▼ -3.6% vs 2024
Net result€30k-€63k▲ 107%€19k▼ 69.8%€34k▲ 78.2%€32k▼ 4.9%
2021: €30k
2022: €63k▲ +107% vs 2021highest in 5 years
2023: €19k▼ -69.8% vs 2022lowest in 5 years
2024: €34k▲ +78.2% vs 2023
2025: €32k▼ -4.9% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €930k
Fixed assets
€601k ▲ 17.1%
Current assets
€329k ▼ 13.5%
Equity and liabilities €930k
Equity
€511k ▲ 6.7%
Debt
€419k ▲ 1.1%
Debt's share of the balance-sheet total falls from 46.4% to 45.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€120k▲
2024 · €114k
Cash flow
€90k▲
2024 · €84k
Current ratio
0.78▼
2024 · 0.92
Quick ratio
0.52▼
2024 · 0.77
Debt to equity
0.82▼
2024 · 0.87
ROE
6.3%▼
2024 · 7.0%
ROA
3.4%▼
2024 · 3.8%
Interest coverage
5.66▼
2024 · 5.94
Debt ≤ 1 year
€419k▲
2024 · €414k
Income taxes
€9k▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€893k€930k▲
Fixed assets21/28€513k€601k▲
Tangible fixed assets22/27€513k€601k▲
Land and buildings22€432k€537k▲
Plant, machinery and equipment23€68k€55k▼
Furniture and vehicles24€13k€9k▼
Financial fixed assets28€500€500=
Current assets29/58€380k€329k▼
Stocks and contracts in progress3€61k€109k▲
Stocks30/36€61k€109k▲
Amounts receivable within one year40/41€261k€150k▼
Trade receivables40€257k€150k▼
Other amounts receivable41€4k€11▼
Cash at bank and in hand54/58€54k€65k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€893k€930k▲
Equity10/15€479k€511k▲
Contributions10/11€8k€8k=
Reserves13€116k€116k=
Non-distributable reserves130/1€0€0=
Reserves not available under the articles1311€0€0=
Tax-exempt reserves132€116k€116k=
Profit (loss) carried forward14€355k€387k▲
Amounts payable17/49€414k€419k▲
Amounts payable within one year42/48€414k€419k▲
Financial debts43€0€0=
Credit institutions430/8€0€0=
Trade debts44€149k€124k▼
Suppliers440/4€149k€124k▼
Taxes, remuneration and social security45€37k€33k▼
Taxes450/3€15k€19k▲
Remuneration and social security454/9€22k€15k▼
Other amounts payable47/48€228k€261k▲
Accrued charges and deferred income492/3€34€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€58k▲
Other operating charges640/8€67k€2k▼
Non-recurring operating charges66A€184€0▼
Gross operating margin9900€181k€123k▼
Operating profit (loss)9901€64k€62k▼
Financial income75/76B€975€570▼
Recurring financial income75€975€570▼
Financial charges65/66B€19k€21k▲
Recurring financial charges65€19k€21k▲
Non-recurring financial charges66B€90€0▼
Profit (loss) for the period before taxes9903€46k€41k▼
Income taxes67/77€12k€9k▼
Profit (loss) for the period9904€34k€32k▼
Profit (loss) for the period to be appropriated9905€34k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€355k€387k▲
Profit (loss) brought forward from the previous period14P€321k€355k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €469k | €1.42M | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €422k | €1.28M | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38k | €42k | €52k | €50k | €58k | ▲ 16.7% |
| Other operating charges640/8 | €2k | €2k | €3k | €67k | €2k | ▼ 96.3% |
| Non-recurring operating charges66A | €177 | €470 | €646 | €184 | €0 | ▼ 100% |
| Gross operating margin9900 | €86k | €144k | €97k | €181k | €123k | ▼ 32.2% |
| Operating profit (loss)9901 | €46k | €100k | €42k | €64k | €62k | ▼ 3.6% |
| Financial income75/76B | €263 | €66 | €723 | €975 | €570 | ▼ 41.5% |
| Recurring financial income75 | €263 | €66 | €723 | €975 | €570 | ▼ 41.5% |
| Financial charges65/66B | €5k | €15k | €18k | €19k | €21k | ▲ 10.0% |
| Recurring financial charges65 | €5k | €15k | €18k | €19k | €21k | ▲ 10.5% |
| Non-recurring financial charges66B | - | - | - | €90 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €41k | €85k | €25k | €46k | €41k | ▼ 10.1% |
| Income taxes67/77 | €11k | €23k | €6k | €12k | €9k | ▼ 24.4% |
| Profit (loss) for the period9904 | €30k | €63k | €19k | €34k | €32k | ▼ 4.9% |
| Profit (loss) for the period to be appropriated9905 | €30k | €63k | €19k | €34k | €32k | ▼ 4.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €637k | €685k | €900k | €893k | €930k | ▲ 4.1% |
| Fixed assets21/28 | €480k | €499k | €625k | €513k | €601k | ▲ 17.1% |
| Tangible fixed assets22/27 | €479k | €498k | €625k | €513k | €601k | ▲ 17.2% |
| Land and buildings22 | €445k | €474k | €553k | €432k | €537k | ▲ 24.4% |
| Plant, machinery and equipment23 | €6k | €4k | €60k | €68k | €55k | ▼ 18.9% |
| Furniture and vehicles24 | €27k | €20k | €12k | €13k | €9k | ▼ 34.4% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €158k | €186k | €275k | €380k | €329k | ▼ 13.5% |
| Stocks and contracts in progress3 | €54k | €51k | €52k | €61k | €109k | ▲ 76.9% |
| Stocks30/36 | €54k | €51k | €52k | €61k | €109k | ▲ 76.9% |
| Amounts receivable within one year40/41 | €62k | €130k | €132k | €261k | €150k | ▼ 42.4% |
| Trade receivables40 | €62k | €119k | €117k | €257k | €150k | ▼ 41.5% |
| Other amounts receivable41 | €10 | €11k | €15k | €4k | €11 | ▼ 99.7% |
| Cash at bank and in hand54/58 | €38k | €2k | €87k | €54k | €65k | ▲ 20.6% |
| Deferred charges and accrued income490/1 | €3k | €3k | €4k | €4k | €5k | ▲ 22.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €637k | €685k | €900k | €893k | €930k | ▲ 4.1% |
| Equity10/15 | €364k | €426k | €445k | €479k | €511k | ▲ 6.7% |
| Contributions10/11 | €6k | €6k | €8k | €8k | €8k | = |
| Reserves13 | €118k | €118k | €116k | €116k | €116k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | €0 | €0 | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | €0 | €0 | - |
| Tax-exempt reserves132 | €116k | €116k | €116k | €116k | €116k | = |
| Profit (loss) carried forward14 | €240k | €302k | €321k | €355k | €387k | ▲ 9.0% |
| Amounts payable17/49 | €273k | €259k | €455k | €414k | €419k | ▲ 1.1% |
| Amounts payable within one year42/48 | €273k | €259k | €455k | €414k | €419k | ▲ 1.1% |
| Financial debts43 | €55k | €2k | €100k | €0 | €0 | - |
| Credit institutions430/8 | €55k | €2k | €100k | €0 | €0 | - |
| Trade debts44 | €9k | €110k | €181k | €149k | €124k | ▼ 16.7% |
| Suppliers440/4 | €9k | €110k | €181k | €149k | €124k | ▼ 16.7% |
| Taxes, remuneration and social security45 | €31k | €31k | €46k | €37k | €33k | ▼ 10.4% |
| Taxes450/3 | €31k | €28k | €31k | €15k | €19k | ▲ 23.6% |
| Remuneration and social security454/9 | - | €3k | €15k | €22k | €15k | ▼ 33.9% |
| Other amounts payable47/48 | €178k | €117k | €128k | €228k | €261k | ▲ 14.7% |
| Accrued charges and deferred income492/3 | - | - | - | €34 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €63k | €19k | €34k | €32k | ▼ 4.9% |
| + Depreciation and write-downs630 | €38k | €42k | €52k | €50k | €58k | ▲ 16.7% |
| Operating cash flow (approximation) | €68k | €104k | €71k | €84k | €90k | ▲ 8.0% |
| Investment in fixed assets (approximation) | - | €-61k | €-179k | €62k | €-146k | ▼ 334% |
| Change in cash | - | €-37k | €85k | €-33k | €11k | ▲ 133% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
31-12
Financial
Equity above €500kEq €511k ▲6.7%
8 profitable years in a row build equity to €511k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 68 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 31 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet €2k ▼96.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 56 days late
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, Büllingen · 1 establishment unit since 2009
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.
Holzheim 1764760 Büllingen1 establishment unit
HELD HOLZ
since 20092.183.139.903
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Of 856 companies in sector 46832 we hold annual accounts for 588. 456 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
Founded01-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
02200Logging
16110Sawmilling and planing of wood
Scores and ratios are computed by Checked and are not a credit decision.