HG Group
ActiveHG Group has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8k and a net result of €524. Equity is growing by ~28.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-50
Solvency75▼-4
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.84 against 2.07 in 2024; short-term debt: 49.6% and cash: 69.6% of total assets), and 49.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 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 · 4 filingsDeviation from the deadline
2025
3 d late
2024
4 d late
2023
on the day
2022
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€8k▲ 7.4%
2024 · €7k
2022: €3k
2023: €4k
2024: €7k
2022 → 2025
Total assets
€15k▲ 14.5%
2024 · €13k
2022: €8k
2023: €11k
2024: €13k
2022 → 2025
Net result
€524▼ 81.8%
2024 · €3k
2022: €939
2023: €1k
2024: €3k
2022 → 2025
Working capital
€6k▼ 3.2%
2024 · €7k
2022: €4k
2023: €3k
2024: €7k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€3k-€4k▲ 43.4%€7k▲ 68.4%€8k▲ 7.4%
Operating result€2k-€2k▼ 25.3%€8k▲ 406%€2k▼ 68.4%
Net result€939-€1k▲ 35.9%€3k▲ 126%€524▼ 81.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15k
Fixed assets
€1k▲ 129%
Current assets
€14k▲ 9.3%
Equity and liabilities €15k
Equity
€8k▲ 7.4%
Debt
€7k▲ 22.7%
The debt ratio rises from 46.3% to 49.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3k▼
2024 · €8k
Cash flow
€1k▼
2024 · €3k
Solvency
50.4%▼
2024 · 53.7%
Current ratio
1.84▼
2024 · 2.07
Quick ratio
1.84▼
2024 · 2.07
Debt / equity
0.98▲
2024 · 0.86
ROE
6.9%▼
2024 · 40.6%
ROA
3.5%▼
2024 · 21.8%
Interest coverage
1.51▼
2024 · 4.82
Debt
€7k▲
2024 · €6k
Debt ≤ 1 year
€7k▲
2024 · €6k
Income taxes
€-20▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€13k€15k▲
Fixed assets21/28€569€1k▲
Tangible fixed assets22/27€569€1k▲
Plant, machinery and equipment23€569€1k▲
Current assets29/58€13k€14k▲
Amounts receivable within one year40/41€11k€3k▼
Trade receivables40€9k€89▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€933€11k▲
Deferred charges and accrued income490/1€279€320▲
Equity and liabilities
Total equity and liabilities10/49€13k€15k▲
Equity10/15€7k€8k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€5k€6k▲
Amounts payable17/49€6k€7k▲
Amounts payable within one year42/48€6k€7k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€5k€5k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€3k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€467€770▲
Other operating charges640/8€562€750▲
Gross operating margin9900€9k€4k▼
Operating profit (loss)9901€8k€2k▼
Financial income75/76B€71€182▲
Recurring financial income75€71€182▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€6k€504▼
Income taxes67/77€3k€-20▼
Profit (loss) for the period9904€3k€524▼
Profit (loss) for the period to be appropriated9905€3k€524▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€6k▲
Profit (loss) brought forward from the previous period14P€2k€5k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
30-06
Financial
Weakest financial yearnet €524 ▼81.8%
Net result drops to €524, the lowest in the series.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Highest result since 2022net €3k ▲126%
Operating result €8k, net result €3k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lievegem · 1 establishment unit since 2021
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.
Verkortingsweg 59920 LievegemGround area
551 m²
Building footprint
93 m²
Volume, LiDAR
547 m³
Parcel 44452B0392/00Z000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HG Group
since 20212.311.816.044
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44452B0392/00Z000 | Flanders | 551 m² | 1 · 93 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
EE Genappe
BE 0693.779.137
Sint-Gillis (bij-Brussel) · Eq €8k
EDBR
BE 1011.133.740
Flémalle · Eq €7k
Powerstore Belgium
BE 0799.489.143
Antwerpen · Eq €8k
EE Erquelinnes
BE 0686.978.942
Sint-Gillis (bij-Brussel) · Eq €7k
Point Elec
BE 1017.240.582
Liège · Eq €9k
Of 563 companies in sector 35150 we hold annual accounts for 230. 77 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-2021
Fiscal year end30-06
Activities, NACEBEL
35150Electricity, gas, steam and air conditioning supply
35230Electricity, gas, steam and air conditioning supply
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.