HLC
ActiveHLC has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-151k) and a net result of €9k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 12% of 11257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▼-58
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 0.23 in 2024; short-term debt: 129.8% and cash: 2.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 2025Solvency, return and age of the figures
Solvency
-42.9%
Return on assets
2.5%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 11257 sector peers (2025).
NBB · sector comparisonPosition among 11257 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
on the day
2022
4 d early
2021
3 d early
2020
5 d early
2019
46 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-151k▲ 5.5%
2024 · €-160k
2019: €486k
2020: €-250k
2021: €-294k
2022: €-278k
2023: €-239k
2024: €-160k
2019 → 2025
Total assets
€353k▼ 1.5%
2024 · €358k
2019: €493k
2020: €92k
2021: €182k
2022: €203k
2023: €370k
2024: €358k
2019 → 2025
Net result
€9k▼ 88.8%
2024 · €78k
2019: €-9k
2020: €-292k
2021: €-43k
2022: €16k
2023: €39k
2024: €78k
2019 → 2025
Working capital
€-348k▲ 1.1%
2024 · €-352k
2019: €488k
2020: €-250k
2021: €-361k
2022: €-352k
2023: €-429k
2024: €-352k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-294k-€-278k▲ 5.4%€-239k▲ 14.1%€-160k▲ 32.8%€-151k▲ 5.5%
Operating result€-42k-€19k€45k▲ 142%€82k▲ 80.9%€-1k
Net result€-43k-€16k€39k▲ 146%€78k▲ 100%€9k▼ 88.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1k after €82k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353k
Fixed assets
€243k▼ 3.5%
Current assets
€110k▲ 3.4%
Key figures and ratios
EBITDA
€10k▼
2024 · €95k
Cash flow
€20k▼
2024 · €91k
Solvency
-42.9%▲
2024 · -44.7%
Current ratio
0.24▲
2024 · 0.23
Quick ratio
0.13▲
2024 · 0.10
Debt / equity
-3.33▼
2024 · -3.23
ROA
2.5%▼
2024 · 21.9%
Interest coverage
1.94▼
2024 · 27.92
Debt
€504k▼
2024 · €518k
Debt ≤ 1 year
€458k=
2024 · €458k
Debt > 1 year
€46k▼
2024 · €60k
Income taxes
€1k▲
2024 · €343
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€358k€353k▼
Fixed assets21/28€252k€243k▼
Tangible fixed assets22/27€252k€243k▼
Land and buildings22€232k€225k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€8k€6k▼
Other tangible fixed assets26€12k€11k▼
Current assets29/58€106k€110k▲
Stocks and contracts in progress3€61k€49k▼
Stocks30/36€61k€49k▼
Amounts receivable within one year40/41€16k€49k▲
Trade receivables40€15k€48k▲
Other amounts receivable41€947€694▼
Current investments50/53€185€186▲
Cash at bank and in hand54/58€26k€9k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€358k€353k▼
Equity10/15€-160k€-151k▲
Contributions10/11€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Profit (loss) carried forward14€-228k€-220k▲
Amounts payable17/49€518k€504k▼
Amounts payable after more than one year17€60k€46k▼
Financial debts170/4€60k€46k▼
Amounts payable within one year42/48€458k€458k=
Current portion of amounts payable after more than one year42€13k€14k▲
Financial debts43€434€341▼
Credit institutions430/8€434€341▼
Trade debts44€3k€25k▲
Suppliers440/4€3k€25k▲
Taxes, remuneration and social security45€7k€18k▲
Taxes450/3€7k€8k▲
Remuneration and social security454/9-€10k
Other amounts payable47/48€434k€401k▼
Income statement
Code20242025
Non-recurring operating income76A€23k€173▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€11k▼
Other operating charges640/8€18k€15k▼
Gross operating margin9900€113k€25k▼
Operating profit (loss)9901€82k€-1k▼
Financial income75/76B€41€16k▲
Recurring financial income75€41€397▲
Non-recurring financial income76B-€16k
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€79k€10k▼
Income taxes67/77€343€1k▲
Profit (loss) for the period9904€78k€9k▼
Profit (loss) for the period to be appropriated9905€78k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-228k€-220k▲
Profit (loss) brought forward from the previous period14P€-307k€-228k▲
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €78k ▲100%
Operating result €82k, net result €78k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €16k
Net result €16k after 3 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €-292k
Net result drops to €-292k, the lowest in the series; recovery starts the following year.
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
18-01
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, Ledegem · 1 establishment unit since 1986
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.
Nijverheidslaan 198880 LedegemGround area
865 m²
Building footprint
515 m²
Volume, LiDAR
2,967 m³
Parcel 36010C0733/00E000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HLC BV
since 19862.033.428.519
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010C0733/00E000 | Flanders | 865 m² | 1 · 515 m² | 6.7 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
894500QQ0FY0RBOU4253
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DELIVIN
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Of 1,050 companies in sector 46341 we hold annual accounts for 534. 323 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-1986
Fiscal year end30-06
Activities, NACEBEL
46341Wholesale of wines and spirits
63406
47120Other non-specialised retail sale
47251Retail sale of wines and spirits
47910Retail trade
51100Air transport
51210Air transport
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 39 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
1 entryPhone:0473119006