HOXY
Open bankruptcyA bankruptcy procedure is open for HOXY according to publications in the Belgian State Gazette; curator: WINNY TIRMARCHE.
Summary
The 2024 annual accounts show equity of €4k and a net result of €-9k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-9k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
on the day
2022
62 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€4k▼ 69.2%
2023 · €12k
2022: €34k
2023: €12k
2022 → 2024
Total assets
€9k▼ 63.3%
2023 · €26k
2022: €40k
2023: €26k
2022 → 2024
Net result
€-9k▲ 59.7%
2023 · €-21k
2022: €-28k
2023: €-21k
2022 → 2024
Working capital
€-381
2023 · €2k
2022: €17k
2023: €2k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€34k-€12k▼ 63.2%€4k▼ 69.2%
Operating result€-28k-€-21k▲ 24.2%€-8k▲ 59.9%
Net result€-28k-€-21k▲ 23.1%€-9k▲ 59.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2024 against €21k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9k
Fixed assets
€4k ▼ 59.8%
Current assets
€5k ▼ 65.7%
Equity and liabilities €9k
Equity
€4k ▼ 69.2%
Debt
€6k ▼ 57.8%
Debt's share of the balance-sheet total rises from 51.9% to 59.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▲
2023 · €-15k
Cash flow
€-2k▲
2023 · €-15k
Current ratio
0.93▼
2023 · 1.15
Debt to equity
1.48▲
2023 · 1.08
ROE
-224.7%▼
2023 · -171.6%
ROA
-90.6%▼
2023 · -82.5%
Interest coverage
-13.45▲
2023 · -58.96
Debt ≤ 1 year
€6k▼
2023 · €13k
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 · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€26k€9k▼
Fixed assets21/28€10k€4k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€8k€2k▼
Plant, machinery and equipment23€8k€2k▼
Current assets29/58€15k€5k▼
Amounts receivable within one year40/41€7k€2k▼
Trade receivables40€7k€2k▼
Other amounts receivable41€0€90▲
Cash at bank and in hand54/58€8k€3k▼
Equity and liabilities
Total equity and liabilities10/49€26k€9k▼
Equity10/15€12k€4k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-49k€-58k▼
Amounts payable17/49€13k€6k▼
Amounts payable within one year42/48€13k€6k▼
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€433€1k▲
Taxes450/3€433€1k▲
Other amounts payable47/48€5k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€125€532▲
Gross operating margin9900€-15k€-2k▲
Operating profit (loss)9901€-21k€-8k▲
Financial income75/76B€10€17▲
Recurring financial income75€10€17▲
Financial charges65/66B€252€164▼
Recurring financial charges65€252€164▼
Profit (loss) for the period before taxes9903€-21k€-9k▲
Profit (loss) for the period9904€-21k€-9k▲
Profit (loss) for the period to be appropriated9905€-21k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-49k€-58k▼
Profit (loss) brought forward from the previous period14P€-28k€-49k▼
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
2025
24-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · HOXY NV VELDKANT- STRAAT 226, 1850 GRIMBERGEN · event 18-11-2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 62 days late
SignalNBB filing
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, Grimbergen · 2 establishment units 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.
Veldkantstraat 2261850 GrimbergenGround area
6.0 ha
Building footprint
412 m²
Volume, LiDAR
2,559 m³
3 parcels, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
HOXY
since 20222.330.802.508
Mechelsesteenweg 255, 1800 Vilvoorde
since 20222.331.570.192
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643E0006/00P000 | Flanders | 5.8 ha | 1 · 110 m² | 10.3 m · 3 fl. |
| 23042B0073/00D000 | Flanders | 1,105 m² | 1 · 158 m² | 9.9 m · 2 fl. |
| 23402D0433/00D000 | Flanders | 631 m² | 1 · 144 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WINNY TIRMARCHE A. DE COCKPLEIN 9,
1831 DIEGEM |
18-11-2025 → present |
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Of 6,728 companies in sector 93299 we hold annual accounts for 1,168. 452 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 formPublic limited company
Founded28-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.