HLW
ActiveHLW has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €5k. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 74% of 31584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency100▲+43
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 3.89 against 1.05 in 2024; short-term debt: 21.9% and cash: 50% of total assets), and 21.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.1%
Return on assets
29%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
37 d early
2023
34 d early
2022
5 d early
2021
51 d early
2020
31 d late
2019
18 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▲ 59.2%
2024 · €8k
2018: €33k
2019: €34k
2020: €33k
2021: €34k
2022: €39k
2023: €30k
2024: €8k
2018 → 2025
Total assets
€17k▼ 35.1%
2024 · €26k
2018: €215k
2019: €201k
2020: €209k
2021: €216k
2022: €268k
2023: €47k
2024: €26k
2018 → 2025
Net result
€5k
2024 · €-21k
2018: €8k
2019: €414
2020: €-996
2021: €1k
2022: €4k
2023: €-9k
2024: €-21k
2018 → 2025
Working capital
€11k▲ 1,013%
2024 · €976
2018: €-122k
2019: €-121k
2020: €6k
2021: €10k
2022: €15k
2023: €18k
2024: €976
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€39k▲ 12.7%€30k▼ 23.1%€8k▼ 71.8%€13k▲ 59.2%
Operating result€7k-€12k▲ 74.7%€-12k€-21k▼ 71.4%€5k
Net result€1k-€4k▲ 197%€-9k€-21k▼ 139%€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €21k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16k
Fixed assets
€2k▼ 73.1%
Current assets
€15k▼ 22.8%
Equity and liabilities €17k
Equity
€13k▲ 59.2%
Debt
€4k▼ 79.1%
The debt ratio falls from 68.1% to 21.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▲
2024 · €-16k
Cash flow
€10k▲
2024 · €-17k
Solvency
78.1%▲
2024 · 31.9%
Current ratio
3.89▲
2024 · 1.05
Quick ratio
3.89▲
2024 · 1.05
Debt / equity
0.28▼
2024 · 2.14
ROE
37.2%▲
2024 · -255.0%
ROA
29.0%▲
2024 · -81.2%
Interest coverage
216.03▲
2024 · -329.58
Debt
€4k▼
2024 · €18k
Debt ≤ 1 year
€4k▼
2024 · €18k
Income taxes
€420▲
2024 · €392
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€26k€17k▼
Formation expenses20€1k€784▼
Fixed assets21/28€6k€2k▼
Tangible fixed assets22/27€6k€2k▼
Furniture and vehicles24€6k€2k▼
Current assets29/58€19k€15k▼
Amounts receivable within one year40/41€9k€5k▼
Trade receivables40€553€303▼
Other amounts receivable41€9k€5k▼
Cash at bank and in hand54/58€7k€9k▲
Deferred charges and accrued income490/1€2k€872▼
Equity and liabilities
Total equity and liabilities10/49€26k€17k▼
Equity10/15€8k€13k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€266€5k▲
Amounts payable17/49€18k€4k▼
Amounts payable within one year42/48€18k€4k▼
Trade debts44€16k€1k▼
Suppliers440/4€16k€1k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€440€547▲
Gross operating margin9900€-16k€11k▲
Operating profit (loss)9901€-21k€5k▲
Financial charges65/66B€50€48▼
Recurring financial charges65€50€48▼
Profit (loss) for the period before taxes9903€-21k€5k▲
Income taxes67/77€392€420▲
Profit (loss) for the period9904€-21k€5k▲
Profit (loss) for the period to be appropriated9905€-21k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€266€5k▲
Profit (loss) brought forward from the previous period14P€22k€266▼
The notes to these accounts (7 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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 3.89
Current ratio from 1.05 to 3.89; short-term debt falls from €18k to €4k.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
02-06
State Gazette act
General meeting · Director reappointment
Director appointment · Permanent representative
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 1.14
Current ratio from 0.27 to 1.14; short-term debt falls from €167k to €46k.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Hoeilaart · 1 establishment unit since 2007
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.
Rozelaarlaan 41560 HoeilaartGround area
1,988 m²
Building footprint
280 m²
Volume, LiDAR
1,455 m³
2 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HLW
since 20072.159.972.640
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23033C0075/00X015 | Flanders | 1,118 m² | 1 · 143 m² | 10.9 m · 2 fl. |
| 23033C0073/00Y010 | Flanders | 869 m² | 1 · 136 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared director
→
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 26,170 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-2007
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.