HG SOLUTION
ActiveSummary
The computed 12-month bankruptcy probability of HG SOLUTION is 3.4% (moderate). The 2025 annual accounts show equity of €21,767 and a net result of €18,917. Its solvency ranks better than 41% of 22,581 sector peers (NACE 47, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €21,767
- Profit
- €18,917
Why 50raises riskFounded in 2024Size: total assets €96,691Last filed accounts filed 56 days late; 1 of the last 3 lateSector: Retail trade (NACE 47)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 38% on solvency, 27% on liquidity and 87% on profitability.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Appointment: FOADJO Charly Pascal (director)Share transfer
- Resignation: FOADJO Charly Pascal (director)Share transfer
Financials · financial year 2025, micro format
2025 annual accounts filed late (56 days) Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00528492.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.
- Micro
- under 2 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,390 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.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,730 |
| Gross operating margin9900 | €27,404 |
| Operating profit (loss)9901 | €24,673 |
| Financial income75/76B | €1,634 |
| Recurring financial income75 | €1,634 |
| Financial charges65/66B | €1,085 |
| Recurring financial charges65 | €1,085 |
| Profit (loss) for the period before taxes9903 | €25,223 |
| Income taxes67/77 | €6,306 |
| Profit (loss) for the period9904 | €18,917 |
| Profit (loss) for the period to be appropriated9905 | €18,917 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €96,691 | |
| Fixed assets21/28 | €6,400 | |
| Intangible fixed assets21 | €6,400 | |
| Current assets29/58 | €90,291 | |
| Amounts receivable within one year40/41 | €82,242 | |
| Trade receivables40 | €22,336 | |
| Other amounts receivable41 | €59,906 | |
| Cash at bank and in hand54/58 | €8,049 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €96,691 | |
| Equity10/15 | €21,767 | |
| Contributions10/11 | €2,850 | |
| Profit (loss) carried forward14 | €18,917 | |
| Amounts payable17/49 | €74,924 | |
| Amounts payable after more than one year17 | €17,872 | |
| Financial debts170/4 | €17,872 | |
| Amounts payable within one year42/48 | €57,051 | |
| Current portion of amounts payable after more than one year42 | €4,793 | |
| Trade debts44 | €38,451 | |
| Suppliers440/4 | €38,451 | |
| Taxes, remuneration and social security45 | €13,808 | |
| Taxes450/3 | €13,808 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €18,917 |
| + Depreciation and write-downs630 | €2,730 |
| Operating cash flow (approximation) | €21,647 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 25-09-2026 | 2026-00528492 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| HAPPI TCHOKOTHE Georges Armand |
|
| FOADJO Charly Pascal |
|
Owners and capital
Capital and shareholders
- HAPPI TCHOKOTHE Georges Armand to FOADJO Charly Pascal 50 shares
- FOADJO Charly Pascal to HAPPI TCHOKOTHE Georges Armand 50 shares
- HAPPI TCHOKOTHE Georges Armand 50 shares (50%) · €1,425 in cash
- FOADJO Charly Pascal 50 shares (50%) · €1,425 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 27-11-2024 Incorporation · €2,850 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-02
Gazette deed
Appointment: FOADJO Charly Pascal (director)Share transfer3 facts ▸
- General meeting, 10-01-2025
- Share transfer, HAPPI TCHOKOTHE Georges Armand → FOADJO Charly Pascal
- Director appointment, FOADJO Charly Pascal (director)
16-01
Gazette deed
Resignation: FOADJO Charly Pascal (director)Share transfer3 facts ▸
- General meeting, 03-01-2025
- Share transfer, FOADJO Charly Pascal → HAPPI TCHOKOTHE Georges Armand
- Director resignation, FOADJO Charly Pascal (director)
27-11
Gazette deed
IncorporationAppointments: HAPPI TCHOKOTHE Georges Armand (director) and FOADJO Charly Pascal (director) · Founder · Founding capital9 facts ▸
- Incorporation, “HG SOLUTION” (deed in French)
- Founder, HAPPI TCHOKOTHE Georges Armand
- Founder, FOADJO Charly Pascal
- Founding capital, €2,850
- Registered office clause, “1083 Ganshoren, Avenue Villegas, 5 boîte 3” (deed in French)
- Board rule, 2, “assemblée” (deed in French)
- Director appointment, HAPPI TCHOKOTHE Georges Armand (director (not named in the articles))
- Director appointment, FOADJO Charly Pascal (director (not named in the articles))
- Pre-incorporation commitments, “reprise, engagements,obligations et activités entrepris par comparants au nom et pour compte de la société en formation” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21392B0100/00H005 | Brussels | 128 m² | 1 · 46 m² | 24.0 m · 7 |
| 63079A1416/00P002 | Wallonia | 92 m² | 1 · 78 m² | 13.1 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Commerce,achat,vente,import,export au sens large; Achat et vente en ligne; E-Commerce; Développement d’un site internet,marketing et…” (deed in French)
27 activities (deed in French)
- Commerce,achat,vente,import,export au sens large
- Achat et vente en ligne
- E-Commerce
- Développement d’un site internet,marketing et publicité
- L’organisation d’événements
- Gestion administrative
- Toutes activités Horeca au sens large,l’importation et l’exportation de produits alimentaires
- Toutes activités se rapportant,directement ou indirectement à l’installation,l’exploitation et la gestion en matière d’hôtellerie,friture,snack,salons de consommation,taverne,débits de boissons,café,service traiteur,restaurant et accueil au sens le plus large du terme
- Toutes activités de restauration,traiteur,et commerce au sens large
- L’achat,vente,import,export,distribution de tous produits directement ou indirectement liés à l’alimentation générale
- L’organisation d’événements (banquets,spectacles et autres)
- Toutes activités de messagerie,de courrier express et tous services de livraisons d'articles,produits,nourriture et marchandises de toutes sortes au sens le plus large du terme
- Fournir des services de logistique et de transport
- L’entreprise de transport national et international de marchandises par route ou autrement
- L’exploitation d’activités de transport de personnes (taxis,minibus,limousine,etc.) et de sociétés de taxis
- Le commerce en gros et au détail,import et export,achat et vente des véhicules neufs et occasions,particuliers et autres
- Toutes activités de concessionnaire de véhicules neufs ou d’occasions et le passage de contrôles techniques de véhicules
- L’exploitation de garages,de station-service,de car-wash,d’atelier d’entretien et de réparation de véhicules à moteur ou mécanisés,d’atelier de réparation,pose et remplacement de pneus,de même que l’exploitation de magasins de pièces de rechanges,d’outils et d’accessoires pour ces mêmes véhicules
- Le commerce de gros et de détail,l’importation,l’exportation,la fabrication,le conditionnement,la commercialisation,la distribution,la location,la vente sur marchés publics,commerce ambulant ou autres:de tous les produits et denrées alimentaires ainsi que tout ce qui se rapporte à l’alimentation générale,de fleurs,de fournitures de bureaux
- Le commerce de gros et de détail,l’importation,l’exportation,la fabrication,le conditionnement,la commercialisation,la distribution,la location,la vente sur marchés publics,commerce ambulant ou autres:d’articles de cadeau,de décoration,jouets ainsi que de tous produits de l’artisanat en général
- Le commerce de gros et de détail,l’importation,l’exportation,la fabrication,le conditionnement,la commercialisation,la distribution,la location,la vente sur marchés publics,commerce ambulant ou autres:de tous les articles en matière de textile et cuir et en toutes autres matières ayant trait aux industries de textiles et de la confection,du vêtement et plus généralement de l’habillement et de l’ornement,chaussures et maroquinerie en général et articles divers
- Le commerce de gros et de détail,l’importation,l’exportation,la fabrication,le conditionnement,la commercialisation,la distribution,la location,la vente sur marchés publics,commerce ambulant ou autres:d’appareils ménagers et électroménagers ainsi que de meubles au sens le plus large terme
- Vente,achat,import/export,en gros et au détail,incluant le e-commerce,de tableaux,tous articles d'arts,de décoration,de cadeaux,et tous autres articles,produits et marchandises
- L’exploitation de toutes activités de librairie,de night shop,etc.
- Toutes activités d’exploitation de bijouterie
- Toutes activités de télécommunication en général,en ce compris l’exploitation de cabines téléphoniques et internet
- Toute activité liée à l’envoi et le retrait d’argent dans le monde
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- HG SOLUTION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale ou en Région Wallonne, établir sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation durée, sans limitation durée si non indiquée” (deed in French)“Frais représentation voyages déplacements, frais généraux” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement actions, cédant” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Organe qui procède à l'émission, courrier électronique” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Thursday of June
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)