HLV Group has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €35.25M and a net result of €2.97M. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 80% of 4602 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €35.25M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
69 d late
2022
41 d early
2021
47 d late
2020
16 d late
2019
38 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€389k▼ 4.0%
2023 · €405k
2018: €136k
2019: €217k
2020: €312k
2021: €317k
2022: €442k
2023: €405k
2018 → 2024
EBIT margin
19.5%▲ 1.6pp
2023 · 17.9%
2018: 23.1%
2019: 8.3%
2020: 21.6%
2021: 23.8%
2022: 19.7%
2023: 17.9%
2018 → 2024
Net result
€2.97M▲ 40.4%
2023 · €2.11M
2018: €3k
2019: €543k
2020: €241k
2021: €6k
2022: €7k
2023: €2.11M
2018 → 2024
Working capital
€-5.53M▲ 22.6%
2023 · €-7.15M
2018: €-964k
2019: €-7.22M
2020: €-7.13M
2021: €-7.94M
2022: €-8.48M
2023: €-7.15M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€312k-€317k▲ 1.8%€442k▲ 39.2%€405k▼ 8.3%€389k▼ 4.0%
Equity€30.15M-€30.16M=€30.16M=€32.28M▲ 7.0%€35.25M▲ 9.2%
Operating result€67k-€76k▲ 12.1%€87k▲ 15.2%€73k▼ 16.6%€76k▲ 4.6%
Net result€241k-€6k▼ 97.4%€7k▲ 9.9%€2.11M▲ 30,146%€2.97M▲ 40.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 5% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42.53M
Fixed assets
€41.41M▲ 3.0%
Current assets
€1.13M▲ 160%
Equity and liabilities €42.53M
Equity
€35.25M▲ 9.2%
Debt
€7.29M▼ 12.9%
The debt ratio falls from 20.6% to 17.1%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
82.9%▲
2023 · 79.4%
ROE
8.4%▲
2023 · 6.5%
ROA
7.0%▲
2023 · 5.2%
Debt
€7.29M▼
2023 · €8.37M
Debt ≤ 1 year
€6.66M▼
2023 · €7.58M
Debt > 1 year
€586k▼
2023 · €704k
Income taxes
€15k▲
2023 · €265
Staff costs
€171k▲
2023 · €167k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€40.65M€42.53M▲
Fixed assets21/28€40.22M€41.41M▲
Tangible fixed assets22/27€137k€137k=
Other tangible fixed assets26€137k€137k=
Financial fixed assets28€40.08M€41.27M▲
Affiliated companies280/1€39.83M€41.02M▲
Participating interests280€39.83M€41.02M▲
Companies linked by participating interests282/3€244k€244k=
Participating interests282€244k€244k=
Current assets29/58€434k€1.13M▲
Amounts receivable within one year40/41€424k€1.09M▲
Trade receivables40€231k€166k▼
Other amounts receivable41€193k€924k▲
Cash at bank and in hand54/58€3k€5k▲
Deferred charges and accrued income490/1€7k€33k▲
Equity and liabilities
Total equity and liabilities10/49€40.65M€42.53M▲
Equity10/15€32.28M€35.25M▲
Contributions10/11€29.34M€29.34M=
Outside capital11€29.34M€29.34M=
Other1109/19€29.34M€29.34M=
Reserves13€2.94M€5.90M▲
Distributable reserves133€2.94M€5.90M▲
Amounts payable17/49€8.37M€7.29M▼
Amounts payable after more than one year17€704k€586k▼
Financial debts170/4€704k€586k▼
Credit institutions173€354k€236k▼
Other loans174€350k€350k=
Amounts payable within one year42/48€7.58M€6.66M▼
Current portion of amounts payable after more than one year42€118k€118k=
Financial debts43€898k-
Credit institutions430/8€898k-
Trade debts44€95k€16k▼
Suppliers440/4€95k€16k▼
Taxes, remuneration and social security45€42k€62k▲
Taxes450/3€15k€40k▲
Remuneration and social security454/9€27k€22k▼
Other amounts payable47/48€6.43M€6.46M▲
Accrued charges and deferred income492/3€89k€42k▼
Income statement
Code20232024
Operating income70/76A€407k€395k▼
Turnover70€405k€389k▼
Other operating income74€2k€6k▲
Operating charges60/66A€335k€319k▼
Goods for resale, raw materials and consumables60€37k€36k▼
Purchases600/8€37k€36k▼
Services and other goods61€114k€107k▼
Remuneration, social security and pensions62€167k€171k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k-
Other operating charges640/8€5k€5k▲
Operating profit (loss)9901€73k€76k▲
Financial income75/76B€2.15M€2.96M▲
Recurring financial income75€2.15M€2.96M▲
Income from financial fixed assets750€2.15M€2.96M▲
Other financial income752/9€11€0▼
Financial charges65/66B€110k€52k▼
Recurring financial charges65€110k€52k▼
Debt charges650€108k€50k▼
Other financial charges652/9€2k€2k▲
Profit (loss) for the period before taxes9903€2.11M€2.98M▲
Income taxes67/77€265€15k▲
Taxes670/3€265€16k▲
Tax adjustments and reversals of tax provisions77-€825
Profit (loss) for the period9904€2.11M€2.97M▲
Profit (loss) for the period to be appropriated9905€2.11M€2.97M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.11M€2.97M▲
Transfer to equity691/2€2.11M€2.97M▲
To other reserves6921€2.11M€2.97M▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (41 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
08-09
State Gazette act
General meeting · DemergerGeneral meeting · Demerger · Accounting effect9 facts ▸
State Gazette act
General meeting · Demerger
General meeting · Demerger · Accounting effect9 facts ▸
- General meeting, 2026-06-18
- Demerger, 2025-06-30
- Accounting effect, 2025-07-01
- Power of attorney, Alaska Kortrijk
- Split condition, Geruisloze partiële splitsing (art. 12:8, 2° WVV); geen nieuwe aandelen uitgegeven; ruilverhouding – geen opleg in geld.
- Demerger assets, 3677100.04
- Report, 2026-05-21
- Report, 2026-06-17
- Accounting effect, Deelneming in GROVI NV verminderd met €12.827.282,76; fusie goodwill van €991.310,99 toegewezen aan deelnemingen in Haelvoet NV en Haelvoet SARL.
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €2.97M ▲40.4%
Net result €2.97M, the highest in the series.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 69 days late
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 47 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-11-2023
Resigned as Director
Location & real-estate footprint
Registered office, Ingelmunster · 1 establishment unit since 2016
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.
Meersstraat 438770 IngelmunsterGround area
6,622 m²
Building footprint
340 m²
Volume, LiDAR
1,276 m³
Parcel 36007B0205/00B000, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HLV Group
since 20162.260.033.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007B0205/00B000 | Flanders | 6,622 m² | 1 · 340 m² | 9.8 m · 1 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.
Structure & network
Acquisitions and mergers
1 transactionReceived a contribution from:GROVI
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,650 EUR awarded · 4,972 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,315 EUR | 1,588 EUR |
| 2024 | 1 | 1,772 EUR | 2,098 EUR |
| 2023 | 1 | 2,277 EUR | 1,190 EUR |
| 2022 | 1 | 1,286 EUR | 96 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 2,604 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.