HReal
ActiveHReal has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €334k and a net result of €148k. Equity is growing by ~67.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 31487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 8.52 against 2.36 in 2024), and 17.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
82.9%
Return on assets
36.7%
Age of the figures
8 mo
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
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 03-07-2026, 28 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
28 d early
2024
40 d early
2023
56 d early
2022
48 d early
2021
6 d early
2020
49 d early
2019
34 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€334k▲ 79.2%
2024 · €186k
2019: €14k
2020: €14k
2021: €90k
2022: €89k
2023: €122k
2024: €186k
2019 → 2025
Total assets
€402k▲ 18.4%
2024 · €340k
2019: €103k
2020: €100k
2021: €136k
2022: €253k
2023: €300k
2024: €340k
2019 → 2025
Net result
€148k▲ 5.8%
2024 · €139k
2019: €59k
2020: €50k
2021: €75k
2022: €90k
2023: €126k
2024: €139k
2019 → 2025
Working capital
€333k▲ 88.7%
2024 · €176k
2019: €14k
2020: €14k
2021: €90k
2022: €89k
2023: €106k
2024: €176k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€90k-€89k▼ 0.2%€122k▲ 36.2%€186k▲ 52.8%€334k▲ 79.2%
Operating result€96k-€116k▲ 20.4%€165k▲ 43.0%€183k▲ 10.9%€195k▲ 6.2%
Net result€75k-€90k▲ 19.2%€126k▲ 40.5%€139k▲ 10.5%€148k▲ 5.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 6% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402k
Fixed assets
€26k▼ 25.5%
Current assets
€377k▲ 23.4%
Equity and liabilities €402k
Equity
€334k▲ 79.2%
Debt
€69k▼ 55.3%
The debt ratio falls from 45.2% to 17.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€203k▲
2024 · €192k
Cash flow
€156k▲
2024 · €148k
Solvency
82.9%▲
2024 · 54.8%
Current ratio
8.52▲
2024 · 2.36
Quick ratio
8.52▲
2024 · 2.36
Debt / equity
0.21▼
2024 · 0.82
ROE
44.2%▼
2024 · 74.8%
ROA
36.7%▼
2024 · 41.0%
Interest coverage
76.38▲
2024 · 61.26
Debt
€69k▼
2024 · €154k
Debt ≤ 1 year
€44k▼
2024 · €129k
Debt > 1 year
€24k=
2024 · €24k
Income taxes
€44k▲
2024 · €41k
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€340k€402k▲
Fixed assets21/28€34k€26k▼
Tangible fixed assets22/27€34k€26k▼
Leasing and similar rights25€34k€26k▼
Current assets29/58€305k€377k▲
Cash at bank and in hand54/58€303k€374k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€340k€402k▲
Equity10/15€186k€334k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€166k€313k▲
Amounts payable17/49€154k€69k▼
Amounts payable after more than one year17€24k€24k=
Financial debts170/4€24k€24k=
Amounts payable within one year42/48€129k€44k▼
Current portion of amounts payable after more than one year42€7k-
Trade debts44€6k€6k▼
Suppliers440/4€6k€6k▼
Taxes, remuneration and social security45€51k€38k▼
Taxes450/3€51k€38k▼
Other amounts payable47/48€65k€681▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Other operating charges640/8€1k€959▼
Gross operating margin9900€193k€204k▲
Operating profit (loss)9901€183k€195k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€180k€192k▲
Income taxes67/77€41k€44k▲
Profit (loss) for the period9904€139k€148k▲
Profit (loss) for the period to be appropriated9905€139k€148k▲
Appropriation of the result
Profit (loss) to be appropriated9906€241k€313k▲
Profit (loss) brought forward from the previous period14P€101k€166k▲
Profit to be distributed694/7€75k-
Return on contributions (dividend)694€75k-
The notes to these accounts (5 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €148k ▲5.8%
Operating result €195k, net result €148k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 8.52
Current ratio from 2.36 to 8.52; short-term debt falls from €129k to €44k.
31-12
Financial
Equity above €200kEq €334k ▲79.2%
7 profitable years in a row build equity to €334k.
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €186k ▲52.8%
6 profitable years in a row build equity to €186k.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €122k ▲36.2%
5 profitable years in a row build equity to €122k.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 2.94
Current ratio from 1.17 to 2.94; short-term debt falls from €86k to €46k.
12-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €50k ▼16.1%
Net result drops to €50k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2018
Ground area
132 m²
Building footprint
76 m²
Volume, LiDAR
840 m³
Parcel 21816C0024/00G000, Brussels · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HReal
since 20182.278.207.920
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0024/00G000 | Brussels | 132 m² | 1 · 76 m² | 15.1 m · 4 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.
Similar companies · same sector, comparable size
Biotilia
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MATTS
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HIGHLINGTON
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EXTERIUM
BE 0763.405.341
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PT CONSULTING
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Of 82,201 companies in sector 70200 we hold annual accounts for 52,400. 37,392 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.