HF CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of HF CONCEPT is 1.6% (moderate). The 2024 annual accounts show equity of €195,380 and a net result of -€533. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 27% of 6131 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+5
Solvency48=
Growth68=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.84 against 0.84 in 2023; short-term debt: 77.3% and cash: 10.6% of total assets), and 77.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.7%
Return on assets
-0.1%
Age of the figures
21 mo
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 →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
92 d late
2022
50 d late
2021
136 d late
2020
124 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 97 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€1.2m▲ 37.4%
2019 · €856,365
EBIT margin
4.8%▼ 1.3pp
2019 · 6.1%
Net result
-€533
2023 · €10,820
Working capital
-€107,225▼ 3.4%
2023 · -€103,694
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1.2m▲ 37.4%
Operating result€56,685▲ 8.8%€21,619▼ 61.9%€20,091▼ 7.1%€44,855▲ 123%€28,847▼ 35.7%
Net result€50,062within the sector's middle half▼ 2.3%-€2,457below the sector's middle half€8,148below the sector's middle half€10,820within the sector's middle half▲ 32.8%-€533below the sector's middle half
EBIT margin4.8%▼ 1.3pp
Equity€179,402within the sector's middle half▲ 38.7%€176,945below the sector's middle half▼ 1.4%€185,093below the sector's middle half▲ 4.6%€195,913below the sector's middle half▲ 5.8%€195,380below the sector's middle half▼ 0.3%
Total assets€462,885below the sector's middle half▼ 2.5%€728,334below the sector's middle half▲ 57.3%€1.2mwithin the sector's middle half▲ 61.9%€838,981below the sector's middle half▼ 28.9%€859,179below the sector's middle half▲ 2.4%
Debt€283,483▼ 18.0%€551,389▲ 94.5%€994,373▲ 80.3%€643,068▼ 35.3%€663,799▲ 3.2%
Working capital€161,435within the sector's middle half▲ 65.6%€141,160within the sector's middle half▼ 12.6%-€107,058below the sector's middle half-€103,694below the sector's middle half▲ 3.1%-€107,225below the sector's middle half▼ 3.4%
Solvency38.8%within the sector's middle half▲ 11.5pp24.3%within the sector's middle half▼ 14.5pp15.7%below the sector's middle half▼ 8.6pp23.4%within the sector's middle half▲ 7.7pp22.7%within the sector's middle half▼ 0.6pp
Current ratio1.57within the sector's middle half▲ 0.291.26within the sector's middle half▼ 0.310.89below the sector's middle half▼ 0.360.84below the sector's middle half▼ 0.050.84below the sector's middle half=
Return on assets (ROA)10.8%above the sector's middle half=-0.3%below the sector's middle half▼ 11.2pp0.7%below the sector's middle half▲ 1.0pp1.3%within the sector's middle half▲ 0.6pp-0.1%below the sector's middle half▼ 1.4pp
Staff (FTE)1.3below the sector's middle half▼ 48.0%2.9below the sector's middle half▲ 123%2.5below the sector's middle half▼ 13.8%2.2below the sector's middle half▼ 12.0%2.5below the sector's middle half▲ 13.6%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €859,179
Fixed assets
€302,605 ▲ 1.0%
Current assets
€556,574 ▲ 3.2%
Equity and liabilities €859,179
Equity
€195,380 ▼ 0.3%
Debt
€663,799 ▲ 3.2%
Debt's share of the balance-sheet total rises from 76.6% to 77.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€52,111▼
2023 · €64,638
Cash flow
€22,732▼
2023 · €30,602
Quick ratio
0.31▲
2023 · 0.25
Debt to equity
3.40▲
2023 · 3.28
ROE
-0.3%▼
2023 · 5.5%
Interest coverage
10.91▲
2023 · 5.23
Debt ≤ 1 year
€663,799▲
2023 · €643,068
Income taxes
€24,623▲
2023 · €21,723
Staff costs
€52,168▼
2023 · €62,247
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,165 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.6%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,165 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.2m | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €73,002 | €74,147 | €62,247 | €52,168 | ▼ 16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,892 | €12,571 | €9,019 | €19,782 | €23,265 | ▲ 17.6% |
| Other operating charges640/8 | - | €2,454 | €18,687 | €47,147 | €11,724 | ▼ 75.1% |
| Gross operating margin9900 | €93,306 | €109,646 | €121,943 | €174,032 | €116,003 | ▼ 33.3% |
| Operating profit (loss)9901 | €56,685 | €21,619 | €20,091 | €44,855 | €28,847 | ▼ 35.7% |
| Financial income75/76B | - | €9 | €27 | €47 | €19 | ▼ 60.4% |
| Recurring financial income75 | €12 | €9 | €27 | €47 | €19 | ▼ 60.4% |
| Financial charges65/66B | - | €724 | €628 | €12,360 | €4,775 | ▼ 61.4% |
| Recurring financial charges65 | €1,429 | €724 | €628 | €12,360 | €4,775 | ▼ 61.4% |
| Profit (loss) for the period before taxes9903 | €55,267 | €20,905 | €19,490 | €32,542 | €24,091 | ▼ 26.0% |
| Income taxes67/77 | €5,206 | €23,362 | €11,342 | €21,723 | €24,623 | ▲ 13.4% |
| Profit (loss) for the period9904 | €50,062 | -€2,457 | €8,148 | €10,820 | -€533 | ▼ 105% |
| Profit (loss) for the period to be appropriated9905 | €50,062 | -€2,457 | €8,148 | €10,820 | -€533 | ▼ 105% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €462,885 | €728,334 | €1.2m | €838,981 | €859,179 | ▲ 2.4% |
| Fixed assets21/28 | €17,967 | €35,785 | €292,151 | €299,607 | €302,605 | ▲ 1.0% |
| Intangible fixed assets21 | €2,001 | €1,323 | €645 | - | - | - |
| Tangible fixed assets22/27 | €15,667 | €7,163 | €264,206 | €272,307 | €275,305 | ▲ 1.1% |
| Land and buildings22 | - | - | €249,396 | €243,272 | €237,148 | ▼ 2.5% |
| Plant, machinery and equipment23 | - | - | €11,543 | €8,208 | €4,873 | ▼ 40.6% |
| Furniture and vehicles24 | - | €7,163 | €3,267 | €20,827 | €33,284 | ▲ 59.8% |
| Financial fixed assets28 | €300 | €27,300 | €27,300 | €27,300 | €27,300 | = |
| Current assets29/58 | €444,918 | €692,548 | €887,315 | €539,374 | €556,574 | ▲ 3.2% |
| Stocks and contracts in progress3 | €333,255 | €421,803 | €596,803 | €381,803 | €351,603 | ▼ 7.9% |
| Stocks30/36 | - | €421,803 | €596,803 | €381,803 | €351,603 | ▼ 7.9% |
| Amounts receivable within one year40/41 | €51,651 | €183,069 | €274,038 | €90,716 | €75,836 | ▼ 16.4% |
| Trade receivables40 | - | €166,456 | €273,738 | €90,716 | €75,836 | ▼ 16.4% |
| Other amounts receivable41 | - | €16,613 | €300 | - | - | - |
| Current investments50/53 | - | - | - | €28,727 | €28,727 | = |
| Cash at bank and in hand54/58 | €52,752 | €79,302 | €16,400 | €38,128 | €90,808 | ▲ 138% |
| Deferred charges and accrued income490/1 | - | €8,374 | €74 | - | €9,601 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €462,885 | €728,334 | €1.2m | €838,981 | €859,179 | ▲ 2.4% |
| Equity10/15 | €179,402 | €176,945 | €185,093 | €195,913 | €195,380 | ▼ 0.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €158,942 | €156,485 | €164,633 | €175,453 | €174,920 | ▼ 0.3% |
| Amounts payable17/49 | €283,483 | €551,389 | €994,373 | €643,068 | €663,799 | ▲ 3.2% |
| Amounts payable within one year42/48 | €283,483 | €551,389 | €994,373 | €643,068 | €663,799 | ▲ 3.2% |
| Trade debts44 | €204,635 | €239,501 | €384,706 | €50,928 | €314,398 | ▲ 517% |
| Suppliers440/4 | - | €239,501 | €384,706 | €50,928 | €314,398 | ▲ 517% |
| Advances received on contracts in progress46 | - | €87,485 | €315,644 | €265,815 | - | - |
| Taxes, remuneration and social security45 | - | €81,646 | €22,207 | €88,130 | €132,852 | ▲ 50.7% |
| Taxes450/3 | - | €7,715 | €11,132 | €61,972 | €110,159 | ▲ 77.8% |
| Remuneration and social security454/9 | - | €73,932 | €11,075 | €26,157 | €22,693 | ▼ 13.2% |
| Other amounts payable47/48 | - | €142,756 | €271,816 | €238,195 | €216,549 | ▼ 9.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,062 | -€2,457 | €8,148 | €10,820 | -€533 | ▼ 105% |
| + Depreciation and write-downs630 | €13,892 | €12,571 | €9,019 | €19,782 | €23,265 | ▲ 17.6% |
| Operating cash flow (approximation) | €63,953 | €10,114 | €17,167 | €30,602 | €22,732 | ▼ 25.7% |
| Investment in fixed assets (approximation) | - | -€30,389 | -€265,384 | -€27,238 | -€26,263 | ▲ 3.6% |
| Change in cash | - | €26,550 | -€62,902 | €21,728 | €52,680 | ▲ 142% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 92 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 92 days late
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 50 days late
2022
31-12
Financial
Back to profitnet €8,148
Net result €8,148 after one loss-making year.
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 136 days late
2021
31-12
Financial
Weakest financial yearnet -€2,457
Net result drops to -€2,457, the lowest in the series; recovery starts the following year.
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 124 days late
2020
31-12
Financial
Equity above €150,000Eq €179,402 ▲38.7%
3 profitable years in a row build equity to €179,402.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial
Highest result since 2018net €51,251 ▲136%
Net result €51,251, the highest in the series.
31-12
Financial
Equity above €100,000Eq €129,341 ▲65.6%
2 profitable years in a row build equity to €129,341.
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 35 days late
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 78 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 5 acts read
About the unread acts
We know of 5 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
5 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, Ukkel · 1 establishment unit since 2015
Ground area
8,654 m²
Building footprint
1,429 m²
Volume, LiDAR
743 m³
2 parcels, Brussels, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
446
companies at this address
See who is registered here
1 establishment unit
HF CONCEPT
since 20152.243.298.412
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,330 m² | - |
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 136 companies in sector 46641 we hold annual accounts for 86. 63 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 (pre-2019)
Founded12-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46641Wholesale trade
46649Wholesale of other machinery and equipment
Contact
E-mail
INFOCONCEPT@GMAIL.COMSint-Pieters-Leeuw
Phone
+32(2)5375137Sint-Pieters-Leeuw
E-invoicing
Reachable via Peppol
Peppol ID
0208:0631970638
Also
9925:BE0631970638
Registered
21-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.