HNH
ActiveSummary
HNH has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €349k and a net result of €178k. Equity is growing by ~53.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+3
Solvency46▼-1
Growth85▲+7
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.24 in 2024; short-term debt: 68.3% and cash: 12.9% of total assets), and 79% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
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
21%
Return on assets
10.7%
Age of the figures
9 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 →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
18 d late
2023
68 d late
2022
122 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€27.24M▲ 35.9%
2024 · €20.04M
2024: €20.04M
2024 → 2025
EBIT margin
1.0%▲ 0.5pp
2024 · 0.4%
2024: 0.4%
2024 → 2025
Net result
€178k▲ 126%
2024 · €79k
2022: €33k
2023: €45k
2024: €79k
2022 → 2025
Working capital
€500k▲ 167%
2024 · €187k
2022: €31k
2023: €126k
2024: €187k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€20.04M€27.24M▲ 35.9%
Equity€48k-€139k▲ 193%€218k▲ 56.7%€349k▲ 60.1%
Operating result€41k-€60k▲ 44.8%€87k▲ 44.5%€263k▲ 203%
Net result€33k-€45k▲ 36.9%€79k▲ 76.7%€178k▲ 126%
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 has risen three years in a row; 2025 is 203% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.66M
Fixed assets
€28k ▼ 16.9%
Current assets
€1.64M ▲ 71.9%
Equity and liabilities €1.66M
Equity
€349k ▲ 60.1%
Debt
€1.31M ▲ 71.4%
Debt's share of the balance-sheet total rises from 77.9% to 79.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€275k▲
2024 · €92k
Cash flow
€190k▲
2024 · €84k
Current ratio
1.44▲
2024 · 1.24
Quick ratio
1.22▲
2024 · 0.79
Debt to equity
3.76▲
2024 · 3.52
ROE
51.0%▲
2024 · 36.2%
ROA
10.7%▲
2024 · 8.0%
Interest coverage
71.85▲
2024 · 65.53
Debt ≤ 1 year
€1.14M▲
2024 · €765k
Debt > 1 year
€179k
Income taxes
€81k▲
2024 · €6k
Staff costs
€29k▼
2024 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€985k€1.66M▲
Fixed assets21/28€33k€28k▼
Tangible fixed assets22/27€33k€28k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€30k€23k▼
Other tangible fixed assets26-€3k
Current assets29/58€952k€1.64M▲
Stocks and contracts in progress3€347k€249k▼
Stocks30/36€347k€249k▼
Amounts receivable within one year40/41€528k€1.17M▲
Trade receivables40€519k€1.01M▲
Other amounts receivable41€9k€163k▲
Cash at bank and in hand54/58€77k€215k▲
Deferred charges and accrued income490/1€20€512▲
Equity and liabilities
Total equity and liabilities10/49€985k€1.66M▲
Equity10/15€218k€349k▲
Contributions10/11€62k€15k▼
Reserves13-€178k
Non-distributable reserves130/1-€178k
Reserves not available under the articles1311-€178k
Profit (loss) carried forward14€156k€156k=
Amounts payable17/49€767k€1.31M▲
Amounts payable after more than one year17-€179k
Financial debts170/4-€59k
Other amounts payable178/9-€120k
Amounts payable within one year42/48€765k€1.14M▲
Current portion of amounts payable after more than one year42-€21k
Trade debts44€670k€1.01M▲
Suppliers440/4€670k€1.01M▲
Taxes, remuneration and social security45€37k€103k▲
Taxes450/3€29k€75k▲
Remuneration and social security454/9€8k€28k▲
Other amounts payable47/48€58k€240▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Turnover70€20.04M€27.24M▲
Goods, raw materials, services and sundry goods60/61€19.92M€26.98M▲
Remuneration, social security and pensions62€34k€29k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€12k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900€132k€308k▲
Operating profit (loss)9901€87k€263k▲
Financial income75/76B€5-
Recurring financial income75€5-
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€85k€259k▲
Income taxes67/77€6k€81k▲
Profit (loss) for the period9904€79k€178k▲
Profit (loss) for the period to be appropriated9905€79k€178k▲
Appropriation of the result
Profit (loss) to be appropriated9906€156k€334k▲
Profit (loss) brought forward from the previous period14P€77k€156k▲
Transfer to equity691/2-€178k
To other reserves6921-€178k
Social balance
Average headcount (FTE)9087-1.1
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2022net €178k ▲126%
Operating result €263k, net result €178k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Equity above €200kEq €218k ▲56.7%
3 profitable years in a row build equity to €218k.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Equity above €100kEq €139k ▲193%
2 profitable years in a row build equity to €139k.
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
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, Antwerpen · 1 establishment unit since 2022
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.
Engelselei 92140 AntwerpenGround area
266 m²
Building footprint
285 m²
Volume, LiDAR
1,891 m³
Parcel 11006A0122/00Y000, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HNH
since 20222.328.940.801
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11006A0122/00Y000 | Flanders | 266 m² | 1 · 285 m² | 11.4 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
Food safety, FASFC
1 siteAntwerpen2.328.940.801
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Dinant · Eq €350,766
WHISKYWAREHOUSE
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PK CASH & CARRY
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Of 1,581 companies in sector 46349 we hold annual accounts for 987. 699 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
47260Retail trade
46350Wholesale trade
46360Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.