HONESTINE
ActiveThe computed 12-month bankruptcy probability of HONESTINE is 2.1% (moderate). The 2025 annual accounts show equity of €170k and a net result of €46k. Equity is growing by ~59.1% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 11.44 against 12.8 in 2024; short-term debt: 8.4% and cash: 33.5% of total assets), and 8.4% 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 · 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
91.6%
Return on assets
24.9%
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 28-05-2026, 64 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
64 d early
2024
72 d early
2023
124 d early
2022
6 d early
2021
3 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
Equity
€170k▲ 36.2%
2024 · €125k
2021: €28k
2022: €48k
2023: €91k
2024: €125k
2021 → 2025
Total assets
€186k▲ 37.7%
2024 · €135k
2021: €42k
2022: €60k
2023: €116k
2024: €135k
2021 → 2025
Net result
€46k▲ 37.5%
2024 · €34k
2021: €23k
2022: €20k
2023: €43k
2024: €34k
2021 → 2025
Working capital
€164k▲ 38.3%
2024 · €119k
2021: €28k
2022: €42k
2023: €86k
2024: €119k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€48k▲ 71.1%€91k▲ 90.2%€125k▲ 36.8%€170k▲ 36.2%
Operating result€32k-€28k▼ 13.1%€60k▲ 115%€48k▼ 19.9%€65k▲ 35.4%
Net result€23k-€20k▼ 13.5%€43k▲ 117%€34k▼ 22.3%€46k▲ 37.5%
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 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186k
Fixed assets
€6k▼ 3.1%
Current assets
€180k▲ 39.7%
Equity and liabilities €186k
Equity
€170k▲ 36.2%
Debt
€16k▲ 56.3%
The debt ratio rises from 7.4% to 8.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€67k▲
2024 · €49k
Cash flow
€48k▲
2024 · €35k
Solvency
91.6%▼
2024 · 92.6%
Current ratio
11.44▼
2024 · 12.80
Quick ratio
11.44▼
2024 · 12.80
Debt / equity
0.09▲
2024 · 0.08
ROE
27.2%▲
2024 · 26.9%
ROA
24.9%▼
2024 · 24.9%
Interest coverage
281.06▲
2024 · 142.64
Debt
€16k▲
2024 · €10k
Debt ≤ 1 year
€16k▲
2024 · €10k
Income taxes
€19k▲
2024 · €14k
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€135k€186k▲
Fixed assets21/28€6k€6k▼
Tangible fixed assets22/27€6k€6k▼
Furniture and vehicles24€6k€6k▼
Current assets29/58€129k€180k▲
Amounts receivable within one year40/41€19k€27k▲
Trade receivables40€19k€27k▲
Current investments50/53€90k€90k=
Cash at bank and in hand54/58€20k€62k▲
Deferred charges and accrued income490/1€164€167▲
Equity and liabilities
Total equity and liabilities10/49€135k€186k▲
Equity10/15€125k€170k▲
Contributions10/11€5k€5k=
Reserves13€120k€165k▲
Distributable reserves133€120k€165k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€10k€16k▲
Amounts payable within one year42/48€10k€16k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€6k€10k▲
Taxes450/3€4k€8k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€2k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€961€1k▲
Other operating charges640/8€658€804▲
Gross operating margin9900€50k€67k▲
Operating profit (loss)9901€48k€65k▲
Financial income75/76B€0€15▲
Recurring financial income75€0€15▲
Financial charges65/66B€345€237▼
Recurring financial charges65€345€237▼
Profit (loss) for the period before taxes9903€48k€65k▲
Income taxes67/77€14k€19k▲
Profit (loss) for the period9904€34k€46k▲
Profit (loss) for the period to be appropriated9905€34k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€46k▲
Transfer to equity691/2€34k€45k▲
To other reserves6921€34k€45k▲
Profit to be distributed694/7-€1k
Directors or managers695-€1k
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €46k ▲37.5%
Operating result €65k, net result €46k, both a record.
31-12
Financial
Equity above €150kEq €170k ▲36.2%
5 profitable years in a row build equity to €170k.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 12.80
Current ratio from 4.49 to 12.80; short-term debt falls from €25k to €10k.
31-12
Financial
Equity above €100kEq €125k ▲36.8%
4 profitable years in a row build equity to €125k.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €20k ▼13.5%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Edegem · 1 establishment unit since 2021
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.
Prins Boudewijnlaan 3902650 EdegemGround area
440 m²
Building footprint
94 m²
Volume, LiDAR
656 m³
Parcel 11013A0034/00H005, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HONESTINE
since 20212.312.081.904
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0034/00H005 | Flanders | 440 m² | 1 · 94 m² | 9.3 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2021
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.