Equity
€490,686 ▼ 9.6%
HF4 paid out €53,948 in dividends. That is 2,909% of the 2025 profit.
HF4
Lifetime
2 annual accounts with figures on one time axispeak €142,928 (2024)
€121,238▼ 15.2%
peak €40,286 (2024)
€1,854▼ 95.4%
peak €542,779 (2024)
€490,686▼ 9.6%
€472,811▲ 86.1%
Board2 names since 2023
2 directorsFRINGS Chantal Huberte Claire Marie Jeanne and 1 other
Documentsfilings and deeds
31-03-202630 days before the deadline
2025micro format
Gross margin from €142,928 to €121,238Result from €40,286 to €1,854Dividend €53,948Debts from €254,108 to €472,811Investments €196,008
Key points
from the 2025 annual accountsTurnover
≈ €220,000 estimated
The micro format states no turnover.
Debts
€472,811 ▲ 86.1%
Debts rose by €218,703 in 2025.
Investments
€210,408 3.4 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 13.7% higher than in 2024.
Liquidity
1.53 was 0.96 in 2024
Short-term debts fell from €133,785 to €107,158.
Restructuring
2
2 restructurings since 2023. Latest: branch taken over from CIM.
Checked score
94
Excellent
Financially stronger than 53% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.9%▲ +0.1 percentage points vs 01-2025
03-2025: 1.0%▲ +0.1 percentage points vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025highest value
05-2025: 0.1%▼ -0.9 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
lowers risk
Size: total assets €981,298
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 31-03-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 64% of them on solvency, 78% on liquidity, 43% on profitability and 28% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 501 companies had the same profile as HF4 has now. Each dot stands for 2 companies, two years later.
96.2%
were still trading
3.0%
stopped another way
0.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HF4 itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 501 companies, not a prediction for HF4. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.53 (0.96 in 2024), above the usual 1.5. Short-term debt is 10.9% and cash 14.1% of total assets. 50% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
30 days early
2024
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 16 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Board and ownership
- FRINGS Chantal Huberte 150 sharesdeed of 14-09-2026
- DUBOIS Maxime Hubert 150 sharesdeed of 14-09-2026
- DUBOIS Nicolas Hubert 150 sharesdeed of 14-09-2026
Recent changes
Demerger: CIM splits off to HF4
FRINGS Chantal Huberte holds 150 shares · DUBOIS Maxime Hubert holds 150 shares · DUBOIS Nicolas Hubert holds 150 shares · General meeting of 01-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0804662510
Demerger: CIM splits off to HF4
FRINGS Chantal Huberte holds 150 shares · DUBOIS Maxime Hubert holds 150 shares · DUBOIS Nicolas Hubert holds 150 shares · General meeting of 18-12-2023 · Gazette deed
Incorporation
Founding capital of €3,000, 750 shares · Founders: FRINGS Chantal Huberte Claire Marie Jeanne, DUBOIS Maxime Hubert Jacques Caroline Tanguy, DUBOIS Nicolas Hubert Jacques Martine Marie and 2 others · Appointments: DUBOIS Baudouin Max François Marie Gaëtan (director) and FRINGS Chantal Huberte Claire Marie Jeanne (director) · published on 10-08-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HF4 Uccle | €1.0m | €121,238 | 50.0% | - |
| brusselsconstruct Ixelles | €1.0m | €146,101 | 1.6% | - |
| Van Hemelen Projects Merksplas | €0.9m | €116,643 | 8.9% | - |
| WOLF44 Puurs-Sint-Amands | €1.2m | €147,738 | 14.5% | - |
| IMMO DAKIR Verviers | €1.0m | €169,375 | 13.1% | - |
| PCI Invest Aalst | €1.1m | €107,050 | 0.9% | - |
| KADE 9000 Ghent | €1.0m | €132,241 | 9.2% | - |
These companies have the same main activity as HF4: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €914,000 and €1.2m, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 08-08-2023Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.348.753.7431180 Uccle, since 08-08-2023
- Financial year end
- 30 September
- Peppol
- Reachable since 12-12-2025
Annual accounts to 30-09-2025
- €981,298▲ 20.8%
- Filing
- Filed on 31-03-2026, 30 days before the end of the filing period
Insights on HF4
HF4 has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €490,686 and a net result of €1,854.
Its solvency ranks better than 66% of 17,190 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HF4
- What is the company number of HF4?
- The company number of HF4 is 0804.662.510. The VAT number is the same number with BE in front: BE 0804.662.510.
- Where is HF4 based?
- The registered office is at Gabriellestraat 27, 1180 Uccle.Company details
- What does HF4 do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of HF4?
- HF4 is a private limited company (BV).
- When was HF4 founded?
- HF4 was founded on 08-08-2023.
- Is HF4 still active?
- Yes, HF4 is an active enterprise in the KBO register.
- What is the turnover of HF4?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €121,238 and 49 comparable companies (NACE 681). It probably lies between €160,000 and €400,000.Financials
- Is HF4 profitable?
- In financial year 2025, HF4 made a profit of €1,854.
- Where can I find the annual accounts of HF4?
- HF4 filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HF4 due?
- HF4 must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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