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HKH

Active
Private limited companyfounded 2024active for 2 yearsKalkoenlaan 42, 9032 Gent, BelgiumKBO/BCE: BE 1007.421.115
Summary

The computed 12-month bankruptcy probability of HKH is 6.9% (elevated). The 2025 annual accounts show negative equity (-€20,732) and a net result of -€9,959. Its solvency ranks better than 5% of 34,040 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
€30,125total assets 2025
Equity
-€20,732
Loss
-€9,959
Turnover not published (micro format)
Financial health
32 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
6.9%
Structure
Accounts on time1 of 3 deeds read
Why 32raises riskEx-officio strike-off in the KBO1 change of registered office in 24 monthsNegative equity -€20,732lowers riskFigures for financial year 2025 (filed 30-04-2026)Show the evidence

Checked score

Score 2025
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 4% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 0=
equity -68.8% of total assets
Liquidity 11+6
short-term debt 168.8% · cash 8.4%
Profitability 0=
return on assets -33.1%
Bankruptcy probability, 12 months
6.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,550 companies, NACE 43, micro)
Last 24 months 04-2025: 1.9%lowest value 05-2025: 2.4%▲ +0.5 percentage points vs 04-2025 06-2025: 4.5%▲ +2.1 percentage points vs 05-2025 07-2025: 5.2%▲ +0.7 percentage points vs 06-2025 08-2025: 5.3%▲ +0.1 percentage points vs 07-2025 09-2025: 8.4%▲ +3.1 percentage points vs 08-2025 10-2025: 8.3%▼ -0.1 percentage points vs 09-2025 11-2025: 8.6%▲ +0.3 percentage points vs 10-2025 12-2025: 8.7%▲ +0.1 percentage points vs 11-2025 01-2026: 10.1%▲ +1.4 percentage points vs 12-2025 02-2026: 11.1%▲ +1.0 percentage point vs 01-2026 03-2026: 11.4%▲ +0.3 percentage points vs 02-2026 04-2026: 11.6%▲ +0.2 percentage points vs 03-2026highest value 05-2026: 7.2%▼ -4.4 percentage points vs 04-2026 06-2026: 7.2%● unchanged vs 05-2026 07-2026: 7.2%● unchanged vs 06-2026 08-2026: 7.2%● unchanged vs 07-2026 09-2026: 7.2%● unchanged vs 08-2026 10-2026: 6.9%▼ -0.3 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.18, compared with 0.11 in 2024; short-term debt: 168.8% and cash: 8.4% of total assets), and equity is negative.
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 43, micro): better than 3% on solvency, 6% on liquidity, 4% on profitability and 4% on growth.

The bankruptcy probability was computed on 11-10-2026 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).

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Signals

Eight signals.
lowers riskraises riskneutral
raises risk · Ex-officio strike-off in the KBO
KBO publications
lowers risk · Figures for financial year 2025 (filed 30-04-2026)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Negative equity -€20,732
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€20,732
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
on the day
2024
9 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 5 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Address struckAddress strikeout annulled
Searched, nothing found (1)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end12-10-2026 today30-04-2027 deadline
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Address strikeout annulledKBO administration
  3. Registered officeRegistered-office move

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€20,732 View
  • Caution: Among the weakest 5% on solvencysector median 46.9% · 34,040 companies -68.8% View
  • Total assets 20252 financial years filed €30,125 View

By topic

Financials

Financial year
2025
Total assets
€30,125
Loss
-€9,959
Solvency
-68.8%
Total assets▼ 20.7%
Net result
20242025
Go to Financials

Timeline

Events
5
Since
2025
Next accounts
by 30-04-2027
  1. 16-05-2025Address struck
  2. 21-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General electrical installation workNACE 43211
Founded
21-03-2024
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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