HN Welding
ActiveHN Welding has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €330k and a net result of €60k. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 1902 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+3
Solvency100=
Growth41▲+6
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 7.6 against 7.34 in 2024; short-term debt: 10.2% and cash: 25% of total assets), and 10.2% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
89.8%
Return on assets
16.3%
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 08-06-2026, 53 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
53 d early
2024
44 d early
2023
34 d early
2022
41 d early
2021
26 d early
2020
43 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€180k▲ 40.7%
2024 · €128k
2020: €232k
2021: €175k
2022: €113k
2023: €245k
2024: €128k
2020 → 2025
EBIT margin
53.5%▲ 25.4pp
2024 · 28.1%
2020: 57.3%
2021: 33.6%
2022: 45.5%
2023: 44.1%
2024: 28.1%
2020 → 2025
Net result
€60k▲ 129%
2024 · €26k
2020: €90k
2021: €35k
2022: €39k
2023: €79k
2024: €26k
2020 → 2025
Working capital
€248k▲ 25.2%
2024 · €198k
2020: €65k
2021: €99k
2022: €105k
2023: €190k
2024: €198k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€175k-€113k▼ 35.4%€245k▲ 116%€128k▼ 47.8%€180k▲ 40.7%
Equity€126k-€165k▲ 30.9%€244k▲ 48.1%€270k▲ 10.8%€330k▲ 22.3%
Operating result€59k-€52k▼ 12.4%€108k▲ 110%€36k▼ 66.8%€96k▲ 168%
Net result€35k-€39k▲ 10.6%€79k▲ 104%€26k▼ 66.8%€60k▲ 129%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 168% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €368k
Fixed assets
€82k▲ 14.3%
Current assets
€285k▲ 24.5%
Equity and liabilities €368k
Equity
€330k▲ 22.3%
Debt
€38k▲ 20.2%
The debt ratio falls from 10.4% to 10.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€110k▲
2024 · €51k
Cash flow
€74k▲
2024 · €41k
Solvency
89.8%▲
2024 · 89.6%
Current ratio
7.60▲
2024 · 7.34
Quick ratio
7.60▲
2024 · 7.34
Debt / equity
0.11▼
2024 · 0.12
ROE
18.2%▲
2024 · 9.7%
ROA
16.3%▲
2024 · 8.7%
Debt
€38k▲
2024 · €31k
Debt ≤ 1 year
€38k▲
2024 · €31k
Income taxes
€36k▲
2024 · €10k
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€301k€368k▲
Fixed assets21/28€72k€82k▲
Tangible fixed assets22/27€69k€80k▲
Land and buildings22€34k€33k▼
Plant, machinery and equipment23€30k€42k▲
Furniture and vehicles24€6k€4k▼
Financial fixed assets28€3k€3k=
Current assets29/58€229k€285k▲
Amounts receivable within one year40/41€181k€193k▲
Trade receivables40€41k€71k▲
Other amounts receivable41€140k€122k▼
Cash at bank and in hand54/58€48k€92k▲
Equity and liabilities
Total equity and liabilities10/49€301k€368k▲
Equity10/15€270k€330k▲
Contributions10/11€1k€1k=
Reserves13€269k€329k▲
Distributable reserves133€269k€329k▲
Amounts payable17/49€31k€38k▲
Amounts payable within one year42/48€31k€38k▲
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Taxes, remuneration and social security45€5k€12k▲
Taxes450/3€5k€12k▲
Other amounts payable47/48€23k€21k▼
Income statement
Code20242025
Turnover70€128k€180k▲
Goods, raw materials, services and sundry goods60/61€76k€69k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Other operating charges640/8€849€873▲
Gross operating margin9900€52k€111k▲
Operating profit (loss)9901€36k€96k▲
Financial income75/76B€29€11▼
Recurring financial income75€29€11▼
Financial charges65/66B€87-
Recurring financial charges65€87-
Profit (loss) for the period before taxes9903€36k€96k▲
Income taxes67/77€10k€36k▲
Profit (loss) for the period9904€26k€60k▲
Profit (loss) for the period to be appropriated9905€26k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€60k▲
Profit (loss) brought forward from the previous period14P€501-
Transfer to equity691/2€27k€60k▲
To other reserves6921€27k€60k▲
The notes to these accounts (6 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €26k ▼66.8%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €244k ▲48.1%
4 profitable years in a row build equity to €244k.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €165k ▲30.9%
3 profitable years in a row build equity to €165k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €126k ▲38.8%
2 profitable years in a row build equity to €126k.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2019
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.
Blokmeers(BEV) 69120 Beveren-Kruibeke-ZwijndrechtGround area
1,379 m²
Building footprint
229 m²
Volume, LiDAR
1,254 m³
Parcel 46003B0678/00V000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HN Welding
since 20192.289.380.934
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46003B0678/00V000 | Flanders | 1,379 m² | 1 · 229 m² | 8.5 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.
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COOLS GABRIEL
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M.K.D. COATINGS
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Metallisatie Callens
BE 1017.161.202
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Of 710 companies in sector 25510 we hold annual accounts for 409. 307 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-05-2019
Fiscal year end31-12
Activities, NACEBEL
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.