HG & ASSOCIES

Active

Private limited companyfounded 2013active for 13 yearsAssesteenweg 200, 1742 Ternat, BelgiumKBO/BCE: BE 0508.833.690

From the official registers: KBO 9 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of HG & ASSOCIES is 7.3% (elevated). For HG & ASSOCIES, one annual filing is missing. The 2024 annual accounts show equity of €17,499 and a net result of €6,987. Equity has been growing by about 31% per year since 2020. Its solvency ranks better than 24% of 35,970 sector peers (NACE 43, financial year 2024). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.

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HG & ASSOCIESActive

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Official details

KBO

Status: Active since 02-01-2013 Normal situation
Activity: General electrical installation work NACE 43211and 3 others
Establishment unit: 2.252.414.036 1020 Brussel, since 20-05-2014
Financial year end: 30 June
Peppol: Reachable since 07-01-2026

Company details

Board and ownership

Board

GUERRA CONSTANTE Segundo HumbertoDirector

Board & ownership

Financial position

Bankruptcy probabilitywithin 12 months: 7.3%

2024 figures too old to score

Annual accounts to 30-06-2024

Gross margin: €12,515
Turnover: ≈ €100,000; estimated
Profit: €6,987
Equity: €17,499; ▲ 66.5%
Total assets: €77,198; ▲ 350%

2025 accounts not filed, 274 days past the deadline

Filed on 04-02-2025PDF

Financials

Signalsraises riskFigures for financial year 2024 (filed on 04-02-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 5 days late; 1 of the last 3 accounts lateSize: total assets €77,198Annual accounts not filed2024 accounts filed 4 days lateShow the evidence

Bankruptcy probability

No current score

Figures too old

The latest figures are for FY 2024. They are too old for a current score.

Bankruptcy probability: Elevated

Filing: One annual filing is missing

Financial strength, FY 2024 · tick: 2023

Strong

Solvency 48-38

equity 22.7% of total assets

Liquidity 52-15

short-term debt 38.0% · cash 15.8%

Profitability 80+80

return on assets 9.1%

Bankruptcy probability within 12 months

7.3% Elevated

0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)

Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 1.0%▲ +0.2 percentage points vs 01-2025 03-2025: 0.7%▼ -0.3 percentage points vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025lowest value 01-2026: 0.8%▲ +0.1 percentage points vs 12-2025 02-2026: 1.1%▲ +0.3 percentage points vs 01-2026 03-2026: 1.3%▲ +0.2 percentage points vs 02-2026 04-2026: 1.9%▲ +0.6 percentage points vs 03-2026 05-2026: 2.1%▲ +0.2 percentage points vs 04-2026 06-2026: 6.1%▲ +4.0 percentage points vs 05-2026 07-2026: 7.6%▲ +1.5 percentage points vs 06-2026 08-2026: 7.6%● unchanged vs 07-2026 09-2026: 7.9%▲ +0.3 percentage points vs 08-2026highest value 10-2026: 7.3%▼ -0.6 percentage points vs 09-2026

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Signals

Six signals.

raises risk

Figures for financial year 2024 (filed on 04-02-2025)

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

1 financial year not filed after the legal deadline; last filed accounts filed 5 days late; 1 of the last 3 accounts late

NBB · filings

Size: total assets €77,198

Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Annual accounts not filed

The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 274 days later.

NBB · 9 filings

Position against the passed deadline

30-06-2025 year end31-01-2026 deadline01-11-2026 today

2024 accounts filed 4 days late

The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 04-02-2025, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 9 filings

Deviation from the deadline

2025

not filed

2024

4 days late

2023

1 day late

2022

366 days late

2021

1368 days late

2020

78 days late

2017

35 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 309 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Comparable companies

These companies have the same main activity as HG & ASSOCIES: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €75,700 and €89,100, founded between 2011 and 2014.

Company	Total assets	Gross margin
HG & ASSOCIES Ternat	€77,198	€12,515
VAN ESPEN SERVICES Tielt-Winge	€89,090	€12,784
Smeets Technics Hasselt	€81,025	€13,193
Servilight Antwerpen	€75,722	€10,750
E&G GROUP Heusden-Zolder	€80,538	€12,260
POWER HOME Sint-Lambrechts-Woluwe	€84,523	€12,023
ELEC2LIFE Jodoigne	€87,046	€13,077

Full comparison

Documents

Key facts about HG & ASSOCIES

What is the company number of HG & ASSOCIES?: The company number of HG & ASSOCIES is 0508.833.690. The VAT number is the same number with BE in front: BE 0508.833.690.
Where is HG & ASSOCIES based?: The registered office is at Assesteenweg 200, 1742 Ternat.Company details
What does HG & ASSOCIES do?: According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of HG & ASSOCIES?: The legal form of HG & ASSOCIES is Private limited company (BV).
When was HG & ASSOCIES founded?: HG & ASSOCIES was founded on 02-01-2013.
Is HG & ASSOCIES still active?: Yes, HG & ASSOCIES is an active enterprise in the KBO register.
How many employees does HG & ASSOCIES have?: HG & ASSOCIES had an average of 1 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
What is the turnover of HG & ASSOCIES?: The turnover in financial year 2024 is ≈ €100,000. This figure is estimated from the gross margin of €12,515 and 98 comparable companies (NACE 43211). It probably lies between €68,000 and €220,000. It is a rough estimate.
Is HG & ASSOCIES profitable?: In financial year 2024, HG & ASSOCIES made a profit of €6,987.
Where can I find the annual accounts of HG & ASSOCIES?: HG & ASSOCIES filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

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Overview