Hg3
ActiveHg3 has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.67M and a net result of €343k. Equity is growing by ~43.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63=
Solvency54▲+4
Growth80▼-3
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.33 in 2024; short-term debt: 68.3% and cash: 7.3% of total assets), and 71.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.9%
Return on assets
5.9%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 28-01-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
264 d late
2023
326 d late
2022
8 d late
2021
23 d late
2020
110 d late
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close22-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, unclassified schema
Turnover
€16.13M▲ 0.3%
2024 · €16.09M
2019: €6.92M
2020: €6.84M
2021: €10.34M
2022: €11.48M
2023: €14.51M
2024: €16.09M
2019 → 2025
EBIT margin
3.2%=
2024 · 3.2%
2019: -1.1%
2020: 3.8%
2021: 3.4%
2022: 5.0%
2023: 4.8%
2024: 3.2%
2019 → 2025
Net result
€343k▲ 0.4%
2024 · €342k
2019: €-92k
2020: €172k
2021: €230k
2022: €380k
2023: €471k
2024: €342k
2019 → 2025
Working capital
€1.30M▲ 12.7%
2024 · €1.16M
2019: €-202k
2020: €43k
2021: €235k
2022: €582k
2023: €997k
2024: €1.16M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€10.34M-€11.48M▲ 11.0%€14.51M▲ 26.4%€16.09M▲ 10.9%€16.13M▲ 0.3%
Equity€326k-€706k▲ 116%€987k▲ 39.8%€1.33M▲ 34.6%€1.67M▲ 25.8%
Operating result€355k-€577k▲ 62.4%€690k▲ 19.6%€518k▼ 24.9%€515k▼ 0.6%
Net result€230k-€380k▲ 65.4%€471k▲ 23.9%€342k▼ 27.4%€343k▲ 0.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.80M
Fixed assets
€537k▼ 12.9%
Current assets
€5.26M▲ 12.5%
Equity and liabilities €5.80M
Equity
€1.67M▲ 25.8%
Debt
€4.12M▲ 4.1%
The debt ratio falls from 74.9% to 71.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€708k▲
2024 · €610k
Cash flow
€536k▲
2024 · €433k
Solvency
28.9%▲
2024 · 25.1%
Current ratio
1.33▲
2024 · 1.33
Quick ratio
1.31▲
2024 · 1.29
Debt / equity
2.47▼
2024 · 2.98
ROE
20.5%▼
2024 · 25.7%
ROA
5.9%▼
2024 · 6.5%
Interest coverage
44.32▲
2024 · 29.51
Debt
€4.12M▲
2024 · €3.96M
Debt ≤ 1 year
€3.96M▲
2024 · €3.52M
Income taxes
€145k▼
2024 · €152k
Staff costs
€2.46M▼
2024 · €2.78M
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€5.29M€5.80M▲
Fixed assets21/28€617k€537k▼
Intangible fixed assets21€158k€254k▲
Tangible fixed assets22/27€421k€243k▼
Plant, machinery and equipment23€63k€70k▲
Furniture and vehicles24€20k€32k▲
Other tangible fixed assets26€97k€86k▼
Assets under construction and advance payments27€241k€55k▼
Financial fixed assets28€37k€40k▲
Affiliated companies280/1€30k€30k=
Participating interests280€30k€30k=
Other financial fixed assets284/8€7k€10k▲
Amounts receivable and cash guarantees285/8€7k€10k▲
Current assets29/58€4.67M€5.26M▲
Stocks and contracts in progress3€152k€94k▼
Stocks30/36€152k€94k▼
Goods purchased for resale34€152k€94k▼
Amounts receivable within one year40/41€4.11M€4.71M▲
Trade receivables40€3.19M€3.66M▲
Other amounts receivable41€924k€1.05M▲
Cash at bank and in hand54/58€339k€422k▲
Deferred charges and accrued income490/1€69k€31k▼
Equity and liabilities
Total equity and liabilities10/49€5.29M€5.80M▲
Equity10/15€1.33M€1.67M▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€1.30M€1.64M▲
Amounts payable17/49€3.96M€4.12M▲
Amounts payable within one year42/48€3.52M€3.96M▲
Trade debts44€3.16M€3.79M▲
Suppliers440/4€3.16M€3.79M▲
Taxes, remuneration and social security45€359k€166k▼
Taxes450/3€111k€34k▼
Remuneration and social security454/9€248k€132k▼
Other amounts payable47/48€94€759▲
Accrued charges and deferred income492/3€443k€167k▼
Income statement
Code20242025
Operating income70/76A€16.12M€16.15M▲
Turnover70€16.09M€16.13M▲
Other operating income74€32k€20k▼
Operating charges60/66A€15.60M€15.64M▲
Goods for resale, raw materials and consumables60€10.62M€11.21M▲
Purchases600/8€10.53M€11.18M▲
Change in stocks: decrease (increase)609€86k€32k▼
Services and other goods61€2.09M€1.73M▼
Remuneration, social security and pensions62€2.78M€2.46M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€193k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€26k
Other operating charges640/8€24k€23k▼
Operating profit (loss)9901€518k€515k▼
Financial income75/76B€25k€27k▲
Recurring financial income75€25k€27k▲
Other financial income752/9€25k€27k▲
Financial charges65/66B€49k€54k▲
Recurring financial charges65€49k€54k▲
Debt charges650€21k€16k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€2k
Other financial charges652/9€29k€36k▲
Profit (loss) for the period before taxes9903€494k€488k▼
Income taxes67/77€152k€145k▼
Taxes670/3€152k€145k▼
Profit (loss) for the period9904€342k€343k▲
Profit (loss) for the period to be appropriated9905€342k€343k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.30M€1.64M▲
Profit (loss) brought forward from the previous period14P€957k€1.30M▲
Social balance
Average headcount (FTE)908727.027.0=
The notes to these accounts (54 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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 264 days late
20-01
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 326 days late
2024
31-07
Financial
Equity above €1MEq €1.33M ▲34.6%
5 profitable years in a row build equity to €1.33M.
2023
31-07
Financial
Highest result since 2019net €471k ▲23.9%
Operating result €690k, net result €471k, both a record.
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 8 days late
2022
31-07
Financial
Equity above €500kEq €706k ▲116%
3 profitable years in a row build equity to €706k.
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 23 days late
2021
31-07
Financial
Equity above €200kEq €326k ▲238%
2 profitable years in a row build equity to €326k.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 110 days late
2020
31-07
Financial
Back to profitnet €172k
Net result €172k after one loss-making year.
13-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 350 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 715 days late
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are 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, Liège · 1 establishment unit since 2015
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.
Avenue Pré-Aily 234031 LiègeGround area
8,321 m²
Building footprint
1,487 m²
Volume, LiDAR
9,807 m³
2 parcels, Wallonia · tallest building 13.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hg3
since 20152.244.466.469
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002C0005/00K010 | Wallonia | 4,675 m² | 1 · 1,300 m² | 8.3 m · 2 fl. |
| 62002C0005/00R005 | Wallonia | 3,646 m² | 1 · 187 m² | 13.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,503 companies in sector 82990 we hold annual accounts for 9,402. 3,567 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-06-2015
Fiscal year end31-07
Activities, NACEBEL
46442Wholesale trade
82990Other business support services
46851Wholesale of industrial chemicals
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:secretariat@hg3-dist.com
E-mail:fberckmans@hg3-dist.com