HoA
ActiveHoA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220k and a net result of €-12k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 79% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-44
Solvency94▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 3.2 against 2.92 in 2024; short-term debt: 28.5% and cash: 24.9% of total assets), and 31.4% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
70 d late
2023
28 d late
2022
31 d late
2021
2 d early
2020
30 d late
2019
31 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€220k▼ 5.4%
2024 · €233k
2018: €95k
2019: €116k
2020: €175k
2021: €187k
2022: €214k
2023: €223k
2024: €233k
2018 → 2025
Total assets
€321k▼ 9.9%
2024 · €356k
2018: €226k
2019: €275k
2020: €309k
2021: €306k
2022: €348k
2023: €358k
2024: €356k
2018 → 2025
Net result
€-12k
2024 · €10k
2018: €27k
2019: €22k
2020: €60k
2021: €13k
2022: €28k
2023: €9k
2024: €10k
2018 → 2025
Working capital
€202k▼ 5.2%
2024 · €213k
2018: €136k
2019: €150k
2020: €211k
2021: €230k
2022: €259k
2023: €200k
2024: €213k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€187k-€214k▲ 14.5%€223k▲ 4.3%€233k▲ 4.4%€220k▼ 5.4%
Operating result€16k-€34k▲ 116%€14k▼ 59.0%€16k▲ 13.9%€-13k
Net result€13k-€28k▲ 120%€9k▼ 67.5%€10k▲ 11.1%€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €16k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €321k
Fixed assets
€28k▼ 14.7%
Current assets
€293k▼ 9.4%
Equity and liabilities €321k
Equity
€220k▼ 5.4%
Provisions
€241▼ 36.3%
Debt
€101k▼ 18.2%
The debt ratio falls from 34.6% to 31.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-5k▼
2024 · €28k
Cash flow
€-4k▼
2024 · €22k
Solvency
68.6%▲
2024 · 65.3%
Current ratio
3.20▲
2024 · 2.92
Quick ratio
1.23▲
2024 · 1.04
Debt / equity
0.46▼
2024 · 0.53
ROE
-5.6%▼
2024 · 4.4%
ROA
-3.8%▼
2024 · 2.9%
Interest coverage
-1.18▼
2024 · 4.24
Debt
€101k▼
2024 · €123k
Debt ≤ 1 year
€91k▼
2024 · €111k
Income taxes
€0▼
2024 · €4k
Staff costs
€106k▼
2024 · €106k
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€356k€321k▼
Fixed assets21/28€33k€28k▼
Tangible fixed assets22/27€29k€24k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€3k€3k▼
Other tangible fixed assets26€23k€20k▼
Financial fixed assets28€4k€4k=
Current assets29/58€323k€293k▼
Stocks and contracts in progress3€209k€180k▼
Stocks30/36€209k€180k▼
Amounts receivable within one year40/41€47k€32k▼
Trade receivables40€45k€22k▼
Other amounts receivable41€2k€10k▲
Cash at bank and in hand54/58€67k€80k▲
Deferred charges and accrued income490/1€434€244▼
Equity and liabilities
Total equity and liabilities10/49€356k€321k▼
Equity10/15€233k€220k▼
Contributions10/11€20k€20k=
Reserves13€211k€199k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€211k€199k▼
Investment grants15€1k€723▼
Provisions and deferred taxes16€378€241▼
Deferred taxes168€378€241▼
Amounts payable17/49€123k€101k▼
Amounts payable within one year42/48€111k€91k▼
Trade debts44€29k€22k▼
Suppliers440/4€29k€22k▼
Taxes, remuneration and social security45€29k€23k▼
Taxes450/3€12k€7k▼
Remuneration and social security454/9€17k€16k▼
Other amounts payable47/48€53k€47k▼
Accrued charges and deferred income492/3€12k€9k▼
Income statement
Code20242025
Remuneration, social security and pensions62€106k€106k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€8k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€15k▲
Other operating charges640/8€412€436▲
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€141k€116k▼
Operating profit (loss)9901€16k€-13k▼
Financial income75/76B€5k€5k▲
Recurring financial income75€5k€5k▲
Financial charges65/66B€7k€4k▼
Recurring financial charges65€7k€4k▼
Profit (loss) for the period before taxes9903€14k€-12k▼
Transfer from deferred taxes780€137€0▼
Income taxes67/77€4k€0▼
Profit (loss) for the period9904€10k€-12k▼
Profit (loss) for the period to be appropriated9905€10k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-12k▼
Transfer from equity791/2-€12k
Transfer to equity691/2€10k€0▼
To other reserves6921€10k€0▼
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-12k ▼221%
Net result drops to €-12k, the lowest in the series.
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €200kEq €214k ▲14.5%
5 profitable years in a row build equity to €214k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €60k ▲165%
Operating result €82k, net result €60k, both a record.
31-12
Financial
Equity above €150kEq €175k ▲50.3%
3 profitable years in a row build equity to €175k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €116k ▲22.5%
2 profitable years in a row build equity to €116k.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2012
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.
Rommelaerelaan 491020 BrusselGround area
253 m²
Building footprint
153 m²
Volume, LiDAR
1,216 m³
Parcel 21816H0109/00H011, Brussels · tallest building 29.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rommelaerelaan 49, 1020 Brussel
since 20122.213.063.611
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816H0109/00H011 | Brussels | 253 m² | 1 · 153 m² | 29.8 m · 3 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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FIETSEN ADRIAENSENS
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ThaSiLu
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Halen · Eq €216k
Of 1,467 companies in sector 47632 we hold annual accounts for 733. 637 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-08-2012
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
70200Business and other management consultancy
70220Business consulting
85699Other educational support services
90031Arts creation and performing arts activities
90032Arts creation and performing arts activities
90111Literary creation
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.