Summary
HLVC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €520k and a net result of €-216k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 5547 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
6 d late
2023
on the day
2022
3 d late
2021
26 d early
2020
4 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€520k▲ 3,346%
2024 · €15k
Net result
€-216k▲ 78.6%
2024 · €-1.01M
Total assets
€1.12M▲ 48.0%
2024 · €757k
Solvency
46.5%▲ 44.5pp
2024 · 2.0%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38k▲ 323%€60k▲ 61.1%€15k▼ 75.1%€-38k€16k
Net result€30k▲ 492%€58k▲ 93.8%€30k▼ 48.7%€-1.01M€-216k▲ 78.6%
Equity€310k▲ 463%€569k▲ 83.4%€1.02M▲ 80.0%€15k▼ 98.5%€520k▲ 3,346%
Total assets€560k▲ 164%€903k▲ 61.3%€1.72M▲ 90.7%€757k▼ 56.1%€1.12M▲ 48.0%
Debt€250k▲ 59.5%€335k▲ 33.8%€699k▲ 109%€742k▲ 6.1%€599k▼ 19.2%
Working capital€324k▲ 491%€365k▲ 12.5%€953k▲ 161%€-50k€-66k▼ 31.6%
Solvency55.3%▲ 29.4pp62.9%▲ 7.6pp59.4%▼ 3.5pp2.0%▼ 57.4pp46.5%▲ 44.5pp
Staff (FTE)0.72▲ 186%1.2▼ 40.0%0▼ 100%
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 returns to profit in 2025: €16k after a loss of €38k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€786k ▲ 140%
Current assets
€333k ▼ 22.3%
Equity and liabilities €1.12M
Equity
€520k ▲ 3,346%
Debt
€599k ▼ 19.2%
Debt's share of the balance-sheet total falls from 98.0% to 53.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
-41.4%
ROA
-19.2%▲
2024 · -133.3%
Debt ≤ 1 year
€399k▼
2024 · €479k
Debt > 1 year
€200k▼
2024 · €261k
Income taxes
€0▼
2024 · €7k
Staff costs
€169▼
2024 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €423 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €33k | €88k | €55k | €169 | ▼ 99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3k | €12k | €12k | €10k | ▼ 13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €172k | - |
| Other operating charges640/8 | - | €270 | €544 | €1k | €6k | ▲ 328% |
| Non-recurring operating charges66A | - | - | - | €4k | €0 | ▼ 100% |
| Gross operating margin9900 | €38k | €97k | €116k | €35k | €204k | ▲ 491% |
| Operating profit (loss)9901 | €38k | €60k | €15k | €-38k | €16k | ▲ 142% |
| Financial income75/76B | - | €22k | €29k | €35k | €45k | ▲ 26.5% |
| Recurring financial income75 | - | €22k | €29k | €35k | €45k | ▲ 26.5% |
| Financial charges65/66B | - | €6k | €10k | €998k | €276k | ▼ 72.4% |
| Recurring financial charges65 | €8k | €6k | €10k | €998k | €31k | ▼ 96.9% |
| Non-recurring financial charges66B | - | - | - | - | €245k | - |
| Profit (loss) for the period before taxes9903 | €30k | €77k | €34k | €-1.00M | €-216k | ▲ 78.5% |
| Income taxes67/77 | - | €18k | €5k | €7k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €30k | €58k | €30k | €-1.01M | €-216k | ▲ 78.6% |
| Profit (loss) for the period to be appropriated9905 | €30k | €58k | €30k | €-1.01M | €-216k | ▲ 78.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €560k | €903k | €1.72M | €757k | €1.12M | ▲ 48.0% |
| Fixed assets21/28 | €155k | €379k | €340k | €328k | €786k | ▲ 140% |
| Tangible fixed assets22/27 | - | €64k | €55k | €42k | €31k | ▼ 24.4% |
| Plant, machinery and equipment23 | - | €47k | €43k | €35k | €28k | ▼ 19.8% |
| Furniture and vehicles24 | - | €17k | €12k | €7k | €4k | ▼ 47.1% |
| Financial fixed assets28 | €155k | €315k | €284k | €286k | €755k | ▲ 164% |
| Current assets29/58 | €405k | €525k | €1.38M | €429k | €333k | ▼ 22.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €15k | - |
| Other amounts receivable291 | - | - | - | - | €15k | - |
| Amounts receivable within one year40/41 | €357k | €482k | €1.16M | €340k | €203k | ▼ 40.3% |
| Trade receivables40 | - | €243k | €367k | €227k | €88k | ▼ 61.3% |
| Other amounts receivable41 | - | €240k | €797k | €113k | €115k | ▲ 2.1% |
| Cash at bank and in hand54/58 | €48k | €37k | €216k | €86k | €113k | ▲ 30.9% |
| Deferred charges and accrued income490/1 | - | €5k | €2k | €3k | €2k | ▼ 12.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €560k | €903k | €1.72M | €757k | €1.12M | ▲ 48.0% |
| Equity10/15 | €310k | €569k | €1.02M | €15k | €520k | ▲ 3,346% |
| Contributions10/11 | - | €525k | €950k | €950k | €906k | ▼ 4.6% |
| Revaluation surpluses12 | - | - | - | - | €721k | - |
| Reserves13 | €35k | €44k | €73k | €73k | €117k | ▲ 59.9% |
| Distributable reserves133 | - | €44k | €73k | €73k | €117k | ▲ 59.9% |
| Profit (loss) carried forward14 | - | - | - | €-1.01M | €-1.22M | ▼ 21.4% |
| Amounts payable17/49 | €250k | €335k | €699k | €742k | €599k | ▼ 19.2% |
| Amounts payable after more than one year17 | €150k | €175k | €268k | €261k | €200k | ▼ 23.3% |
| Financial debts170/4 | - | €175k | €268k | €261k | €200k | ▼ 23.3% |
| Amounts payable within one year42/48 | €81k | €160k | €430k | €479k | €399k | ▼ 16.7% |
| Current portion of amounts payable after more than one year42 | - | €37k | €37k | €38k | €41k | ▲ 10.2% |
| Trade debts44 | €71k | €102k | €239k | €313k | €229k | ▼ 26.8% |
| Suppliers440/4 | - | €102k | €239k | €313k | €229k | ▼ 26.8% |
| Taxes, remuneration and social security45 | - | €20k | €32k | €2k | €0 | ▼ 100% |
| Taxes450/3 | - | €14k | €19k | €1k | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €6k | €13k | €1k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €121k | €126k | €129k | ▲ 2.0% |
| Accrued charges and deferred income492/3 | - | - | €2k | €2k | €39 | ▼ 97.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €58k | €30k | €-1.01M | €-216k | ▲ 78.6% |
| + Depreciation and write-downs630 | - | €3k | €12k | €12k | €10k | ▼ 13.5% |
| Operating cash flow (approximation) | €30k | €61k | €42k | €-997k | €-205k | ▲ 79.4% |
| Investment in fixed assets (approximation) | - | €-227k | €27k | €311 | €-469k | ▼ 151,044% |
| Change in cash | - | €-11k | €179k | €-130k | €27k | ▲ 121% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Equity above €500kEq €520k ▲3,346%
Equity rises from €15k to €520k.
2024
06-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
31-03
Financial
Weakest financial yearnet €-1.01M
Net result drops to €-1.01M, the lowest in the series; recovery starts the following year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €1MEq €1.02M ▲80%
4 profitable years in a row build equity to €1.02M.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
31-03
Financial
Highest result since 2020net €58k ▲93.8%
Operating result €60k, net result €58k, both a record.
31-03
Financial
Equity above €500kEq €569k ▲83.4%
3 profitable years in a row build equity to €569k.
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €200kEq €310k ▲463%
2 profitable years in a row build equity to €310k.
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 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 · 1 establishment unit since 2018
Ground area
3,691 m²
Building footprint
2,255 m²
Volume, LiDAR
44,261 m³
Parcel 44803C0881/00H000, Flanders · tallest building 27.6 m, ±7 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
HLVC
since 20182.278.896.125
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0881/00H000 | Flanders | 3,691 m² | 1 · 2,255 m² | 27.6 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 2023 · 3 entries · 1,725 EUR awarded · 1,725 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 165 EUR |
| 2022 | 2 | 1,725 EUR | 1,560 EUR |
Schemes
Werkbaarheidscheque (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 13,601 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-08-2018
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
board@hlvc.be
Scores and ratios are computed by Checked and are not a credit decision.