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HONFLEUR CONSTRUCT

Active
Private limited companyfounded 2025active for 1 yearPaul de Smet de Naeyerstraat 19, 8430 Middelkerke, BelgiumKBO/BCE: BE 1018.718.447
Summary

HONFLEUR CONSTRUCT has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,067 and a net result of €67. Its solvency ranks better than 25% of 13,582 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Financials · financial year 2025, micro format

Equity
€5,067
Total assets
€63,266
Net result
€67
Working capital
€2,304

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €63,266
Fixed assets €4,110
Current assets €59,156
Equity and liabilities €63,266
Equity €5,067
Debt €58,199
Debt finances 92.0% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€1,977
Cash flow
€938
Current ratio
1.04
Quick ratio
0.79
Debt to equity
11.48
ROE
1.3%
ROA
0.1%
Interest coverage
2.53
Debt ≤ 1 year
€56,853
Debt > 1 year
€1,346
Income taxes
€258
Staff costs
€37,800

Peer companies

Historical observation

Of the 514 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.8% went bankrupt
1.2% stopped otherwise
96% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 514 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 40 lines
Balance sheet Code2025
Assets
Total assets20/58€63,266
Fixed assets21/28€4,110
Tangible fixed assets22/27€4,110
Plant, machinery and equipment23€1,015
Furniture and vehicles24€3,095
Current assets29/58€59,156
Stocks and contracts in progress3€14,075
Stocks30/36€14,075
Amounts receivable within one year40/41€6,885
Trade receivables40€5,999
Other amounts receivable41€886
Cash at bank and in hand54/58€37,767
Deferred charges and accrued income490/1€429
Equity and liabilities
Total equity and liabilities10/49€63,266
Equity10/15€5,067
Contributions10/11€5,000
Profit (loss) carried forward14€67
Amounts payable17/49€58,199
Amounts payable after more than one year17€1,346
Financial debts170/4€1,346
Amounts payable within one year42/48€56,853
Current portion of amounts payable after more than one year42€5,104
Trade debts44€41,434
Suppliers440/4€41,434
Taxes, remuneration and social security45€10,275
Taxes450/3€1,281
Remuneration and social security454/9€8,994
Other amounts payable47/48€41
Income statement Code2025
Remuneration, social security and pensions62€37,800
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€870
Other operating charges640/8€2,642
Gross operating margin9900€42,419
Operating profit (loss)9901€1,106
Financial charges65/66B€781
Recurring financial charges65€781
Profit (loss) for the period before taxes9903€326
Income taxes67/77€258
Profit (loss) for the period9904€67
Profit (loss) for the period to be appropriated9905€67
Appropriation of the result
Profit (loss) to be appropriated9906€67

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€37,800
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€870
Other operating charges640/8€2,642
Gross operating margin9900€42,419
Operating profit (loss)9901€1,106
Financial charges65/66B€781
Recurring financial charges65€781
Profit (loss) for the period before taxes9903€326
Income taxes67/77€258
Profit (loss) for the period9904€67
Profit (loss) for the period to be appropriated9905€67
Line2025
Assets
Total assets20/58€63,266
Fixed assets21/28€4,110
Tangible fixed assets22/27€4,110
Plant, machinery and equipment23€1,015
Furniture and vehicles24€3,095
Current assets29/58€59,156
Stocks and contracts in progress3€14,075
Stocks30/36€14,075
Amounts receivable within one year40/41€6,885
Trade receivables40€5,999
Other amounts receivable41€886
Cash at bank and in hand54/58€37,767
Deferred charges and accrued income490/1€429
Equity and liabilities
Total equity and liabilities10/49€63,266
Equity10/15€5,067
Contributions10/11€5,000
Profit (loss) carried forward14€67
Amounts payable17/49€58,199
Amounts payable after more than one year17€1,346
Financial debts170/4€1,346
Amounts payable within one year42/48€56,853
Current portion of amounts payable after more than one year42€5,104
Trade debts44€41,434
Suppliers440/4€41,434
Taxes, remuneration and social security45€10,275
Taxes450/3€1,281
Remuneration and social security454/9€8,994
Other amounts payable47/48€41
Line2025
Profit (loss) for the period9904€67
+ Depreciation and write-downs630€870
Operating cash flow (approximation)€938

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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