HP81
ActiveSummary
The computed 12-month bankruptcy probability of HP81 is 1.8% (moderate). The 2024 annual accounts show equity of €311,759 and a net result of €8,398. Equity is growing by ~45.5% per year across the filed fiscal years. Its solvency ranks better than 77% of 26049 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability42▼-58
Solvency90▼-10
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 3.1 against 6.72 in 2023; short-term debt: 32.3% and cash: 1.7% of total assets), and 34.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
39 d late
2023
21 d late
2022
63 d late
2021
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 31 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€614,271▼ 17.8%
2023 · €747,603
EBIT margin
11.0%▼ 17.4pp
2023 · 28.4%
Net result
€8,398▼ 95.5%
2023 · €188,536
Working capital
€324,415▲ 6.5%
2023 · €304,633
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€55,805-€267,134▲ 379%€747,603▲ 180%€614,271▼ 17.8%
Operating result€31,590-€84,746▲ 168%€212,179▲ 150%€67,410▼ 68.2%
Net result€31,471above the sector's middle half-€78,355above the sector's middle half▲ 149%€188,536above the sector's middle half▲ 141%€8,398within the sector's middle half▼ 95.5%
EBIT margin56.6%-31.7%▼ 24.9pp28.4%▼ 3.3pp11.0%▼ 17.4pp
Equity€36,471within the sector's middle half-€114,826within the sector's middle half▲ 215%€303,362within the sector's middle half▲ 164%€311,759above the sector's middle half▲ 2.8%
Total assets€54,280below the sector's middle half-€155,649within the sector's middle half▲ 187%€372,665below the sector's middle half▲ 139%€478,920above the sector's middle half▲ 28.5%
Debt€17,809-€40,823▲ 129%€69,303▲ 69.8%€167,161▲ 141%
Working capital€29,471within the sector's middle half-€111,326above the sector's middle half▲ 278%€304,633within the sector's middle half▲ 174%€324,415above the sector's middle half▲ 6.5%
Solvency67.2%above the sector's middle half-73.8%above the sector's middle half▲ 6.6pp81.4%above the sector's middle half▲ 7.6pp65.1%above the sector's middle half▼ 16.3pp
Current ratio2.65within the sector's middle half-3.73above the sector's middle half▲ 1.076.72above the sector's middle half▲ 3.003.10above the sector's middle half▼ 3.62
Return on assets (ROA)58.0%above the sector's middle half-50.3%above the sector's middle half▼ 7.6pp50.6%above the sector's middle half▲ 0.3pp1.8%within the sector's middle half▼ 48.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -96% on 2023. The accounts now follow the micro schema, last year the abbreviated schema.
- 2023 Turnover +180%, Net result +141% on 2022. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 68% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €478,920
Equity
€311,759 ▲ 2.8%
Debt
€167,161 ▲ 141%
Debt's share of the balance-sheet total rises from 18.6% to 34.9%. Equity and debt are higher.
Key figures and ratios
Quick ratio
2.31▼
2023 · 6.72
Debt to equity
0.54▲
2023 · 0.23
ROE
2.7%▼
2023 · 62.1%
Debt ≤ 1 year
€154,505▲
2023 · €53,232
Debt > 1 year
€12,656▼
2023 · €16,072
Income taxes
€57,757▲
2023 · €22,809
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,639 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,639 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
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €55,805 | €267,134 | €747,603 | €614,271 | ▼ 17.8% |
| Goods, raw materials, services and sundry goods60/61 | €19,878 | €175,438 | €580,591 | €539,923 | ▼ 7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,500 | €3,500 | €7,200 | - | - |
| Other operating charges640/8 | €837 | €3,450 | €1,633 | €16,313 | ▲ 899% |
| Gross operating margin9900 | €35,927 | €91,696 | €221,012 | €83,723 | ▼ 62.1% |
| Operating profit (loss)9901 | €31,590 | €84,746 | €212,179 | €67,410 | ▼ 68.2% |
| Financial charges65/66B | €119 | €97 | €834 | €1,255 | ▲ 50.5% |
| Recurring financial charges65 | €119 | €97 | €834 | €1,255 | ▲ 50.5% |
| Profit (loss) for the period before taxes9903 | €31,471 | €84,649 | €211,345 | €66,155 | ▼ 68.7% |
| Income taxes67/77 | - | €6,294 | €22,809 | €57,757 | ▲ 153% |
| Profit (loss) for the period9904 | €31,471 | €78,355 | €188,536 | €8,398 | ▼ 95.5% |
| Profit (loss) for the period to be appropriated9905 | €31,471 | €78,355 | €188,536 | €8,398 | ▼ 95.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €54,280 | €155,649 | €372,665 | €478,920 | ▲ 28.5% |
| Fixed assets21/28 | €7,000 | €3,500 | €14,800 | - | - |
| Tangible fixed assets22/27 | €7,000 | €3,500 | €14,800 | - | - |
| Furniture and vehicles24 | €7,000 | €3,500 | €14,800 | - | - |
| Current assets29/58 | €47,280 | €152,149 | €357,865 | €478,920 | ▲ 33.8% |
| Stocks and contracts in progress3 | - | - | - | €121,370 | - |
| Stocks30/36 | - | - | - | €121,370 | - |
| Amounts receivable within one year40/41 | €514 | €103,871 | €275,711 | €349,552 | ▲ 26.8% |
| Trade receivables40 | - | €103,871 | €274,560 | €202,381 | ▼ 26.3% |
| Other amounts receivable41 | €514 | - | €1,152 | €147,172 | ▲ 12,679% |
| Cash at bank and in hand54/58 | €46,767 | €48,278 | €82,153 | €7,998 | ▼ 90.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €54,280 | €155,649 | €372,665 | €478,920 | ▲ 28.5% |
| Equity10/15 | €36,471 | €114,826 | €303,362 | €311,759 | ▲ 2.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €31,471 | €109,826 | €298,362 | €306,759 | ▲ 2.8% |
| Amounts payable17/49 | €17,809 | €40,823 | €69,303 | €167,161 | ▲ 141% |
| Amounts payable after more than one year17 | - | - | €16,072 | €12,656 | ▼ 21.3% |
| Financial debts170/4 | - | - | €16,072 | €12,656 | ▼ 21.3% |
| Amounts payable within one year42/48 | €17,809 | €40,823 | €53,232 | €154,505 | ▲ 190% |
| Trade debts44 | €1,166 | €7,935 | €12,103 | €130,045 | ▲ 974% |
| Suppliers440/4 | €1,166 | €7,935 | €12,103 | €130,045 | ▲ 974% |
| Taxes, remuneration and social security45 | €13,567 | €32,791 | €39,901 | €20,420 | ▼ 48.8% |
| Taxes450/3 | - | €4,229 | - | - | - |
| Remuneration and social security454/9 | €13,567 | €28,562 | €39,901 | €20,420 | ▼ 48.8% |
| Other amounts payable47/48 | €3,076 | €97 | €1,227 | €4,040 | ▲ 229% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,471 | €78,355 | €188,536 | €8,398 | ▼ 95.5% |
| + Depreciation and write-downs630 | €3,500 | €3,500 | €7,200 | - | - |
| Operating cash flow (approximation) | €34,971 | €81,855 | €195,736 | €8,398 | ▼ 95.7% |
| Investment in fixed assets (approximation) | - | €0 | -€18,500 | - | - |
| Change in cash | - | €1,511 | €33,876 | -€74,156 | ▼ 319% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
31-12
Financial
Weakest financial yearnet €8,398 ▼95.5%
Net result drops to €8,398, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
31-12
Financial
Highest result since 2021net €188,536 ▲141%
Operating result €212,179, net result €188,536, both a record.
31-12
Financial
Equity above €200,000Eq €303,362 ▲164%
3 profitable years in a row build equity to €303,362.
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
31-12
Financial
Equity above €100,000Eq €114,826 ▲215%
2 profitable years in a row build equity to €114,826.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Sint-Pieters-Leeuw · 1 establishment unit since 2020
Ground area
8,579 m²
Building footprint
2,133 m²
Volume, LiDAR
17,992 m³
2 parcels, Flanders, Wallonia · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
112
companies at this address
See who is registered here
1 establishment unit
HP81
since 20202.307.204.584
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,971 m² | 9.7 m · 3 fl. |
| 52028B0021/00S000 | Wallonia | 267 m² | 1 · 162 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,035 companies in sector 47721 we hold annual accounts for 583. 413 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753477588
Registered
27-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.