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HR CE GROUP

Active
Private limited company (pre-2019)founded 2019active for 7 yearsOude Haachtsesteenweg 59, 1831 Machelen (Brab.), Belgium71 active companies are registered at this addressKBO/BCE: BE 0718.999.434
Summary

The computed 12-month bankruptcy probability of HR CE GROUP is 7.4% (elevated). The annual accounts of HR CE GROUP for financial year 2024 show a net loss of 96% of the equity at the start of that year. The 2024 annual accounts show equity of €1,055 and a net result of -€11,726. Equity is shrinking by about 18% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 11% of 35,978 sector peers (NACE 43, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
€26,878total assets 2024
Equity
€1,055
Loss
-€11,726
Financial health
31 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
7.4%
Structure
Accounts 73 days overdue0 of 1 deed read
Why 31raises risk1 financial year not filed after the legal deadline; latest accounts 70 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 09-10-2025)Liquidity: current ratio 1.04lowers riskSize: total assets €26,878Show the evidence

Checked score

Score 2024
31 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 5% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Weak
Solvency 29-34
equity 3.9% of total assets
Liquidity 0-18
short-term debt 96.1%
Profitability 0=
return on assets -43.6%
Bankruptcy probability, 12 months
7.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,550 companies, NACE 43, micro)
Last 24 months 11-2024: 6.5% 12-2024: 7.5%▲ +1.0 percentage point vs 11-2024 01-2025: 10.1%▲ +2.6 percentage points vs 12-2024 02-2025: 10.1%● unchanged vs 01-2025 03-2025: 10.6%▲ +0.5 percentage points vs 02-2025 04-2025: 9.9%▼ -0.7 percentage points vs 03-2025 05-2025: 9.9%● unchanged vs 04-2025 06-2025: 9.8%▼ -0.1 percentage points vs 05-2025 07-2025: 9.8%● unchanged vs 06-2025 08-2025: 11.8%▲ +2.0 percentage points vs 07-2025highest value 09-2025: 11.7%▼ -0.1 percentage points vs 08-2025 10-2025: 9.9%▼ -1.8 percentage points vs 09-2025 11-2025: 5.2%▼ -4.7 percentage points vs 10-2025 12-2025: 5.2%● unchanged vs 11-2025 01-2026: 5.2%● unchanged vs 12-2025 02-2026: 5.2%● unchanged vs 01-2026 03-2026: 5.2%● unchanged vs 02-2026 04-2026: 5.2%● unchanged vs 03-2026 05-2026: 5.1%▼ -0.1 percentage points vs 04-2026 06-2026: 5.0%▼ -0.1 percentage points vs 05-2026 07-2026: 4.8%▼ -0.2 percentage points vs 06-2026lowest value 08-2026: 5.5%▲ +0.7 percentage points vs 07-2026 09-2026: 5.6%▲ +0.1 percentage points vs 08-2026 10-2026: 7.4%▲ +1.8 percentage points vs 09-2026
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.04, compared with 1.6 in 2023; short-term debt: 96.1% of total assets), and 96.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 10% on solvency, 1% on liquidity, 4% on profitability and 4% on growth.

The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Eight signals.
lowers riskraises riskneutral
raises risk · 1 financial year not filed after the legal deadline; latest accounts 70 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 09-10-2025)
NBB · annual accounts
lowers risk · Size: total assets €26,878
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.04
NBB · annual accounts
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 2024
Net result per financial year
192021222324
2019 to 2024 · latest year -€11,726
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 35978 sector peers (2024).
NBB · sector comparison
Position among 35978 sector peers
Solvency
better than 11%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 73 days later.
NBB · 6 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline12-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filings
Deviation from the deadline
2025
not filed
2024
70 days late
2023
415 days late
2022
70 days late
2021
2 days early
2020
82 days early
2019
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 73 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Weakest financial yearnet -€17,203

Key points

  • Caution: Among the weakest 10% on equitysector median €58,303 · 35,995 companies €1,055 View
  • Caution: Accounts not fileddeadline was 31-07-2026 73 days late View
  • Caution: 2 loss-making years in a rowloss financial year 2024 -€11,726 View

By topic

Financials

Financial year
2024
Total assets
€26,878
Loss
-€11,726
Solvency
3.9%
Total assets▼ 16.9%
Net result
20192024
Go to Financials

Timeline

Events
9
Since
2020
  1. 09-10-2023Annual accounts filed
  2. 31-12-2022Back to profit
  3. 29-07-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
General electrical installation workNACE 43211
Founded
22-01-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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