HK REAL ESTATE
ActiveSummary
The annual accounts of HK REAL ESTATE for fiscal year 2024 show a net loss of 53% of the equity at the start of that year. The 2024 annual accounts show equity of €103k and a net result of €-117k. Equity is shrinking by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 19357 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability18▼-8
Solvency30▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k 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 0.77 against 2.57 in 2023; short-term debt: 9.1% and cash: 0.5% of total assets), and 95.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
4.7%
Return on assets
-5.3%
Age of the figures
21 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-117k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-12-2025, 123 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
123 d late
2023
278 d late
2022
31 d late
2021
on the day
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-117k▼ 74.8%
2023 · €-67k
2018: €60k
2019: €-13k
2020: €-39k
2021: €-36k
2022: €379k
2023: €-67k
2018 → 2024
Working capital
€-45k
2023 · €206k
2018: €-86k
2019: €-120k
2020: €-110k
2021: €-120k
2022: €469k
2023: €206k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€159k-€129k▼ 18.8%€287k▲ 122%€220k▼ 23.3%€103k▼ 53.0%
Operating result€-866-€24k€554k▲ 2,205%€-37k€-72k▼ 95.5%
Net result€-39k-€-36k▲ 7.6%€379k€-67k€-117k▼ 74.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €72k in 2024 against €37k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.21M
Fixed assets
€2.05M ▼ 4.1%
Current assets
€155k ▼ 54.1%
Equity and liabilities €2.21M
Equity
€103k ▼ 53.0%
Provisions
€130k ▼ 6.5%
Debt
€1.97M ▼ 6.8%
Debt's share of the balance-sheet total rises from 85.5% to 89.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€42k▼
2023 · €60k
Cash flow
€-2k▼
2023 · €30k
Current ratio
0.77▼
2023 · 2.57
Debt to equity
19.10▲
2023 · 9.63
ROE
-112.9%▼
2023 · -30.3%
ROA
-5.3%▼
2023 · -2.7%
Interest coverage
0.72▼
2023 · 1.33
Debt ≤ 1 year
€200k▲
2023 · €131k
Debt > 1 year
€1.77M▼
2023 · €1.98M
Income taxes
€114▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.48M€2.21M▼
Fixed assets21/28€2.14M€2.05M▼
Tangible fixed assets22/27€2.14M€2.05M▼
Land and buildings22€2.12M€2.04M▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€14k€9k▼
Current assets29/58€337k€155k▼
Amounts receivable within one year40/41€235k€112k▼
Trade receivables40€0-
Other amounts receivable41€235k€112k▼
Current investments50/53€99k€30k▼
Cash at bank and in hand54/58€620€10k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€2.48M€2.21M▼
Equity10/15€220k€103k▼
Contributions10/11€19k€19k=
Reserves13€474k€448k▼
Tax-exempt reserves132€416k€389k▼
Distributable reserves133€58k€58k=
Profit (loss) carried forward14€-273k€-363k▼
Provisions and deferred taxes16€139k€130k▼
Deferred taxes168€139k€130k▼
Amounts payable17/49€2.12M€1.97M▼
Amounts payable after more than one year17€1.98M€1.77M▼
Financial debts170/4€1.73M€1.64M▼
Other amounts payable178/9€253k€125k▼
Amounts payable within one year42/48€131k€200k▲
Current portion of amounts payable after more than one year42€83k€94k▲
Financial debts43€7k€62k▲
Credit institutions430/8€7k€62k▲
Trade debts44€17k€21k▲
Suppliers440/4€17k€21k▲
Taxes, remuneration and social security45€0€114▲
Taxes450/3€0€114▲
Other amounts payable47/48€24k€24k▼
Accrued charges and deferred income492/3€5k€5k▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€114k▲
Other operating charges640/8€23k€16k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€83k€60k▼
Operating profit (loss)9901€-37k€-72k▼
Financial income75/76B€9k€5k▼
Recurring financial income75€9k€1k▼
Non-recurring financial income76B-€4k
Financial charges65/66B€47k€58k▲
Recurring financial charges65€45k€58k▲
Non-recurring financial charges66B€2k€603▼
Profit (loss) for the period before taxes9903€-75k€-125k▼
Transfer from deferred taxes780€8k€9k▲
Transfer to deferred taxes680€0-
Income taxes67/77€0€114▲
Profit (loss) for the period9904€-67k€-117k▼
Transfer from tax-exempt reserves789€25k€27k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€-42k€-90k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-273k€-363k▼
Profit (loss) brought forward from the previous period14P€-231k€-273k▼
Social balance
Average headcount (FTE)90870.0-
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
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 123 days late
05-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 278 days late
2024
31-12
Financial
Weakest financial yearnet €-117k
Net result drops to €-117k, the lowest in the series.
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €379k
Net result €379k after 3 loss-making years.
31-12
Financial
Liquidity times 27current ratio 5.77
Current ratio from 0.21 to 5.77; short-term debt falls from €153k to €98k.
31-12
Financial
Equity above €200kEq €287k ▲122%
Equity rises from €129k to €287k.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Charleroi · 1 establishment unit since 2014
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.
Rue de Jumet 626041 CharleroiGround area
862 m²
Building footprint
143 m²
Volume, LiDAR
1,773 m³
Parcel 52028C0035/00S005, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HERMAN REAL ESTATE CO
since 20142.233.905.248
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028C0035/00S005 | Wallonia | 862 m² | 1 · 143 m² | 14.3 m · 4 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
699400TIDZ5UPCV3DE27
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Geel · Eq €103,146
PROJECT INNOVATION
BE 0876.754.987
Diest · Eq €103,469
BAEKEN et MARDEGAN
BE 0417.224.219
La Bruyère · Eq €103,518
V.R.C.
BE 0460.177.205
Bierbeek · Eq €103,560
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,216 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:gestion.hk@outlook.com