HGB MANAGEMENT
ActiveHGB MANAGEMENT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.04M and a net result of €4k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 31697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 40.65 against 50.98 in 2024; short-term debt: 1.7% and cash: 9.5% of total assets), and 1.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
98.1%
Return on assets
0.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d late
2023
1 d early
2022
62 d early
2021
44 d early
2020
52 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.04M▼ 10.4%
2024 · €1.16M
2018: €756k
2019: €952k
2020: €1.19M
2021: €1.37M
2022: €1.47M
2023: €1.37M
2024: €1.16M
2018 → 2025
Total assets
€1.06M▼ 10.1%
2024 · €1.18M
2018: €1.13M
2019: €1.32M
2020: €1.51M
2021: €1.48M
2022: €1.61M
2023: €1.43M
2024: €1.18M
2018 → 2025
Net result
€4k
2024 · €-17k
2018: €213k
2019: €213k
2020: €242k
2021: €291k
2022: €240k
2023: €2k
2024: €-17k
2018 → 2025
Working capital
€728k▼ 9.9%
2024 · €809k
2018: €778k
2019: €977k
2020: €1.16M
2021: €1.15M
2022: €1.18M
2023: €980k
2024: €809k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.37M-€1.47M▲ 8.0%€1.37M▼ 7.0%€1.16M▼ 15.4%€1.04M▼ 10.4%
Operating result€408k-€336k▼ 17.6%€23k▼ 93.2%€-16k€-12k▲ 26.9%
Net result€291k-€240k▼ 17.5%€2k▼ 99.1%€-17k€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €16k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€312k▼ 11.6%
Current assets
€747k▼ 9.5%
Equity and liabilities €1.06M
Equity
€1.04M▼ 10.4%
Debt
€20k▲ 12.3%
The debt ratio rises from 1.5% to 1.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€29k▲
2024 · €25k
Cash flow
€45k▲
2024 · €24k
Solvency
98.1%▼
2024 · 98.5%
Current ratio
40.65▼
2024 · 50.98
Quick ratio
40.65▼
2024 · 50.98
Debt / equity
0.02▲
2024 · 0.02
ROE
0.4%▲
2024 · -1.4%
ROA
0.4%▲
2024 · -1.4%
Interest coverage
13.78▲
2024 · 10.37
Debt
€20k▲
2024 · €18k
Debt ≤ 1 year
€18k▲
2024 · €16k
Income taxes
€3k▼
2024 · €18k
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€1.18M€1.06M▼
Fixed assets21/28€353k€312k▼
Tangible fixed assets22/27€263k€222k▼
Land and buildings22€144k€133k▼
Furniture and vehicles24€89k€63k▼
Other tangible fixed assets26€30k€26k▼
Financial fixed assets28€90k€90k=
Current assets29/58€825k€747k▼
Amounts receivable after more than one year29€245k€245k=
Other amounts receivable291€245k€245k=
Amounts receivable within one year40/41€8k€4k▼
Trade receivables40€1€0▼
Other amounts receivable41€8k€4k▼
Current investments50/53€503k€390k▼
Cash at bank and in hand54/58€44k€101k▲
Deferred charges and accrued income490/1€25k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.06M▼
Equity10/15€1.16M€1.04M▼
Contributions10/11€19k€19k=
Reserves13€1.14M€1.02M▼
Tax-exempt reserves132€105k€105k=
Distributable reserves133€1.04M€915k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€18k€20k▲
Amounts payable within one year42/48€16k€18k▲
Trade debts44€2k€476▼
Suppliers440/4€2k€476▼
Taxes, remuneration and social security45€348€345▼
Taxes450/3€348€345▼
Other amounts payable47/48€14k€18k▲
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€41k=
Other operating charges640/8€4k€3k▼
Gross operating margin9900€28k€32k▲
Operating profit (loss)9901€-16k€-12k▲
Financial income75/76B€20k€21k▲
Recurring financial income75€17k€16k▼
Non-recurring financial income76B€3k€5k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€2k▼
Non-recurring financial charges66B-€890
Profit (loss) for the period before taxes9903€2k€7k▲
Income taxes67/77€18k€3k▼
Profit (loss) for the period9904€-17k€4k▲
Transfer from tax-exempt reserves789€189k€0▼
Profit (loss) for the period to be appropriated9905€173k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€173k€4k▼
Transfer from equity791/2€194k€125k▼
Transfer to equity691/2€173k€4k▼
To other reserves6921€173k€4k▼
Profit to be distributed694/7€194k€125k▼
Return on contributions (dividend)694€194k€125k▼
The notes to these accounts (9 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial
Weakest financial yearnet €-17k ▼846%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 50.98
Current ratio from 18.07 to 50.98; short-term debt falls from €57k to €16k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €291k ▲20.3%
Operating result €408k, net result €291k, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €1MEq €1.19M ▲25.4%
3 profitable years in a row build equity to €1.19M.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Erpe-Mere · 1 establishment unit since 2008
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.
Oudenaardsesteenweg 4719420 Erpe-MereGround area
1,324 m²
Building footprint
165 m²
Volume, LiDAR
875 m³
Parcel 41040A0922/00H000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HGB MANAGEMENT
since 20082.173.978.450
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41040A0922/00H000 | Flanders | 1,324 m² | 1 · 165 m² | 7.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600Z5SSUETDMEXD37
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Of 5,700 companies in sector 70100 we hold annual accounts for 3,495. 1,892 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-2008
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.