HIRUNDO
ActiveThe annual accounts of HIRUNDO for fiscal year 2025 show a net loss of 53% of the equity at the start of that year. The 2025 annual accounts show equity of €58k and a net result of €-66k. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 10% of 8636 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▲+8
Solvency28▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.27 against 0.48 in 2024; short-term debt: 11.6% and cash: 0.7% of total assets), and 97% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-66k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8636 sector peers (2025).
NBB · sector comparisonPosition among 8636 sector peers
Solvency
better than 10%
← weakest
strongest →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
24 d early
2023
55 d early
2022
14 d early
2021
on the day
2020
15 d early
2019
29 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€58k▼ 53.3%
2024 · €124k
2018: €290k
2019: €290k
2020: €291k
2021: €274k
2022: €234k
2023: €211k
2024: €124k
2018 → 2025
Total assets
€1.96M▲ 6.5%
2024 · €1.84M
2018: €608k
2019: €647k
2020: €1.35M
2021: €1.34M
2022: €1.47M
2023: €1.50M
2024: €1.84M
2018 → 2025
Net result
€-66k▲ 24.0%
2024 · €-87k
2018: €22k
2019: €2k
2020: €582
2021: €-17k
2022: €-41k
2023: €-23k
2024: €-87k
2018 → 2025
Working capital
€-166k▼ 157%
2024 · €-65k
2018: €7k
2019: €-14k
2020: €-140k
2021: €-92k
2022: €-169k
2023: €-21k
2024: €-65k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€274k-€234k▼ 14.8%€211k▼ 9.7%€124k▼ 41.2%€58k▼ 53.3%
Operating result€-5k-€-26k▼ 427%€-4k▲ 85.8%€-46k▼ 1,129%€-21k▲ 53.5%
Net result€-17k-€-41k▼ 140%€-23k▲ 44.2%€-87k▼ 284%€-66k▲ 24.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €46k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.96M
Fixed assets
€1.90M▲ 6.5%
Current assets
€62k▲ 5.2%
Equity and liabilities €1.96M
Equity
€58k▼ 53.3%
Debt
€1.90M▲ 10.8%
The debt ratio rises from 93.3% to 97.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€77k▲
2024 · €40k
Cash flow
€33k▲
2024 · €-1k
Solvency
3.0%▼
2024 · 6.7%
Current ratio
0.27▼
2024 · 0.48
Quick ratio
0.27▼
2024 · 0.48
Debt / equity
32.85▲
2024 · 13.84
ROE
-114.2%▼
2024 · -70.2%
ROA
-3.4%▲
2024 · -4.7%
Interest coverage
1.69▲
2024 · 0.96
Debt
€1.90M▲
2024 · €1.72M
Debt ≤ 1 year
€228k▲
2024 · €123k
Debt > 1 year
€1.67M▲
2024 · €1.59M
Income taxes
€171▲
2024 · €142
Staff costs
€68k▲
2024 · €62k
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€1.84M€1.96M▲
Fixed assets21/28€1.78M€1.90M▲
Intangible fixed assets21€4k€6k▲
Tangible fixed assets22/27€1.68M€1.81M▲
Land and buildings22€1.53M€1.69M▲
Plant, machinery and equipment23€110k€91k▼
Furniture and vehicles24€26k€23k▼
Other tangible fixed assets26€6k€4k▼
Financial fixed assets28€101k€79k▼
Current assets29/58€59k€62k▲
Amounts receivable within one year40/41€50k€44k▼
Trade receivables40€34k€38k▲
Other amounts receivable41€16k€6k▼
Cash at bank and in hand54/58€8k€14k▲
Deferred charges and accrued income490/1€464€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.84M€1.96M▲
Equity10/15€124k€58k▼
Contributions10/11€19k€19k=
Reserves13€272k€272k=
Tax-exempt reserves132€117k€117k=
Distributable reserves133€155k€155k=
Profit (loss) carried forward14€-167k€-233k▼
Amounts payable17/49€1.72M€1.90M▲
Amounts payable after more than one year17€1.59M€1.67M▲
Financial debts170/4€1.59M€1.67M▲
Amounts payable within one year42/48€123k€228k▲
Current portion of amounts payable after more than one year42€44k€45k▲
Financial debts43€53k€83k▲
Other loans439€53k€83k▲
Trade debts44€6k€13k▲
Suppliers440/4€6k€13k▲
Taxes, remuneration and social security45€20k€19k▼
Taxes450/3€11k€9k▼
Remuneration and social security454/9€9k€10k▲
Other amounts payable47/48-€68k
Income statement
Code20242025
Remuneration, social security and pensions62€62k€68k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€99k▲
Other operating charges640/8€4k€9k▲
Non-recurring operating charges66A-€17k
Gross operating margin9900€106k€171k▲
Operating profit (loss)9901€-46k€-21k▲
Financial income75/76B€385€1k▲
Recurring financial income75€385€1k▲
Financial charges65/66B€41k€46k▲
Recurring financial charges65€41k€46k▲
Profit (loss) for the period before taxes9903€-87k€-66k▲
Income taxes67/77€142€171▲
Profit (loss) for the period9904€-87k€-66k▲
Profit (loss) for the period to be appropriated9905€-87k€-66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-167k€-233k▼
Profit (loss) brought forward from the previous period14P€-80k€-167k▼
Social balance
Average headcount (FTE)90870.80.8=
The notes to these accounts (22 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gent · 2 establishment units since 2004
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.
Adolf Lootensstraat 149031 GentGround area
4,730 m²
Building footprint
599 m²
Volume, LiDAR
911 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
HIRUNDO BVBA
since 20042.144.506.979
Kortrijksesteenweg 1121, 9051 Gent
since 20162.261.245.489
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0356/00C000 | Flanders | 2,734 m² | 1 · 155 m² | 10.7 m · 2 fl. |
| 44062B0076/00H004 | Flanders | 1,996 m² | 1 · 444 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 6,878 EUR awarded · 6,483 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,728 EUR | 1,113 EUR |
| 2024 | 1 | 396 EUR | 396 EUR |
| 2023 | 2 | 1,789 EUR | 2,009 EUR |
| 2022 | 2 | 2,965 EUR | 2,965 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 38,814 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-2004
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
82990Other business support services
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 20 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.
Contact details
2 entriesE-mail:winnewald@skynet.be
Phone:0496/50 43 43