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HG SOLUTION

Active
Private limited companyfounded 2024active for 1 yearde Villegaslaan 5, 1083 Ganshoren, BelgiumKBO/BCE: BE 1016.597.909
Summary

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

Activity
Other retail sale of food
NACE 47279Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110
1 site
Size
€96,691total assets 2025
Equity
€21,767
Profit
€18,917
Turnover not published (micro format)
Financial health
50 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.4%
Structure
2025 accounts filed 56 days late
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

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 51% of its sector peers (NACE 47, micro)
Financial strength
Average
Solvency 48
equity 22.5% of total assets
Liquidity 30
short-term debt 59.0% · cash 8.3%
Profitability 93
return on assets 19.6%
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,248 companies, NACE 47, micro)
Last 24 months 12-2025: 1.9%lowest value 01-2026: 1.9%● unchanged vs 12-2025lowest value 02-2026: 2.0%▲ +0.1 percentage points vs 01-2026 03-2026: 2.3%▲ +0.3 percentage points vs 02-2026 04-2026: 2.4%▲ +0.1 percentage points vs 03-2026 05-2026: 2.7%▲ +0.3 percentage points vs 04-2026 06-2026: 2.7%● unchanged vs 05-2026 07-2026: 3.0%▲ +0.3 percentage points vs 06-2026 08-2026: 3.0%● unchanged vs 07-2026 09-2026: 2.9%▼ -0.1 percentage points vs 08-2026 10-2026: 3.4%▲ +0.5 percentage points vs 09-2026highest value
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.58, above the usual 1.5; short-term debt: 59% and cash: 8.3% of total assets), but 77.5% of the assets are financed with debt and provisions.
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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
raises risk
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: total assets €96,691
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Last filed accounts filed 56 days late; 1 of the last 3 late
NBB · filings
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · 2025 accounts filed 56 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 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 · 1 filing
Deviation from the deadline
2025
56 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Appointment: FOADJO Charly Pascal (director)Share transfer
  3. 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.

Equity
€21,767
Total assets
€96,691
Net result
€18,917
Working capital
€33,239

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €96,691
Fixed assets €6,400
Current assets €90,291
Equity and liabilities €96,691
Equity €21,767
Debt €74,924
Debt finances 77.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€27,404
Cash flow
€21,647
Current ratio
1.58
Debt to equity
3.44
ROE
86.9%
ROA
19.6%
Interest coverage
25.25
Debt ≤ 1 year
€57,051
Debt > 1 year
€17,872
Income taxes
€6,306

Peer companies

Historical observation

Of 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
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

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%.

The companies in ten equal groups, from lowest to highest expected share.
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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
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
Income statement Code2025
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
Appropriation of the result
Profit (loss) to be appropriated9906€18,917

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
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
Line2025
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
Line2025
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.

Download as CSV

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

Of the 2,441 active companies whose main activity is other retail sale of food (NACE 47279), figures are known for 948. 713 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2025
HAPPI TCHOKOTHE Georges Armand
Director (not named in the articles) · since 27-11-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

2 people since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
HAPPI TCHOKOTHE Georges Armand
  • Director (not named in the articles), from 27-11-2024 to date
FOADJO Charly Pascal
  • Director (not named in the articles), from 27-11-2024 to 16-01-2025
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 27-11-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 27-11-2024 Incorporation · €2,850 · 100 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

HG SOLUTION was incorporated on 25 November 2024 as a private limited company by two natural persons, with a starting capital of €2,850.12 Since 2024, HAPPI TCHOKOTHE Georges Armand has served as director of the company.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 27-11-2024
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
25-09
NBB filing Annual accounts filed
financial year 2025 · micro format · 56 days late
2025
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)
2024
27-11
Gazette deed Incorporation
Appointments: 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)
Gazette deedNBB filing
3 of 3 deeds read

Register details

Identification
Legal formPrivate limited company
Founded25-11-2024
Financial year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47279Other retail sale of food
49320Non-scheduled passenger transport by road
49410Freight transport by road
52250Logistics services
Contact
E-mail georges_happi@yahoo.fr
E-invoicing
Reachable via Peppol
Peppol ID 0208:1016597909
Also 9925:BE1016597909
Registered 10-02-2026

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 site
Verviersunit no. 2.367.019.437
1 permission
Authorisation · Detailhandel · since 21-08-2026

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Ganshoren · 1 establishment unit since 2025
registered office establishment The establishment unit on the map
Ground area
220 m²
Building footprint
124 m²
Building volume
1,548 m³
2 parcels, Brussels, Wallonia · tallest building 24.0 m. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Place de la Victoire 10, 4800 Verviers
Other retail sale of food
since 2025unit no. 2.367.019.437
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Cadastral parcel Region Area Buildings Height / floors
21392B0100/00H005
ProtectedMonumentRésidence BasiliqueSource ↗
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
Good to know
Both parcels match the address exactly.
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.

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)
  1. Commerce,achat,vente,import,export au sens large
  2. Achat et vente en ligne
  3. E-Commerce
  4. Développement d’un site internet,marketing et publicité
  5. L’organisation d’événements
  6. Gestion administrative
  7. Toutes activités Horeca au sens large,l’importation et l’exportation de produits alimentaires
  8. 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
  9. Toutes activités de restauration,traiteur,et commerce au sens large
  10. L’achat,vente,import,export,distribution de tous produits directement ou indirectement liés à l’alimentation générale
  11. L’organisation d’événements (banquets,spectacles et autres)
  12. 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
  13. Fournir des services de logistique et de transport
  14. L’entreprise de transport national et international de marchandises par route ou autrement
  15. L’exploitation d’activités de transport de personnes (taxis,minibus,limousine,etc.) et de sociétés de taxis
  16. Le commerce en gros et au détail,import et export,achat et vente des véhicules neufs et occasions,particuliers et autres
  17. Toutes activités de concessionnaire de véhicules neufs ou d’occasions et le passage de contrôles techniques de véhicules
  18. 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
  19. 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
  20. 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
  21. 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
  22. 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
  23. 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
  24. L’exploitation de toutes activités de librairie,de night shop,etc.
  25. Toutes activités d’exploitation de bijouterie
  26. Toutes activités de télécommunication en général,en ce compris l’exploitation de cabines téléphoniques et internet
  27. Toute activité liée à l’envoi et le retrait d’argent dans le monde

The full purpose is in the deed

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)

deed of 27-11-2024

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)

deed of 27-11-2024

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)

deed of 27-11-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Thursday of June

deed of 27-11-2024

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)

deed of 27-11-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Nominatives, Nature des actions” (deed in French)
Other provision: “Indivisibilité des titres, disposition spéciale statuts testament convention créant usufruit” (deed in French)
Other provision: “Contrôle de la société, lorsque loi exige et limites prévues” (deed in French)
Other provision: “Admission à l'assemblée générale, titulaire de titres nominatifs inscrit dans registre des titres nominatifs relatif à sa catégorie” (deed in French)
Other provision: “Séances - procès-verbaux, registre tenu au siège pour décisions assemblée générale ou actionnaire unique” (deed in French)
Other provision: “Délibérations, majorité des voix quel que soit nombre de titres représentés sauf cas loi ou statuts” (deed in French)
Other provision: “Organe d'administration, trois semaines” (deed in French)
Other provision: “Bénéfice annuel net, répartition - réserves” (deed in French)
Liquidation distribution: “Biens conservés remis pour être partagés même proportion, actif net réparti entre actionnaires en proportion de leurs actions” (deed in French)
Other provision: “Communications,sommations,assignations,significations, élection de domicile” (deed in French)
Other provision: “Tribunaux du siège, litige entre société,actionnaires,administrateurs,commissaires,liquidateurs relatifs affaires société et exécution…” (deed in French)
Other provision: “Code des sociétés et des associations, droit commun” (deed in French)
2 more provisions in the deed, see the deed of 27-11-2024

deed of 27-11-2024