HRL SERVICES
ActiveHRL SERVICES has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196k and a net result of €25k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 56% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent▼ -11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-2
Solvency83▲+5
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.12 in 2024), and 38% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
62%
Return on assets
7.8%
Age of the figures
8 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
27 d early
2023
30 d late
2022
21 d early
2021
164 d late
2020
82 d late
2019
76 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€196k▼ 4.5%
2024 · €205k
2018: €76k
2019: €121k
2020: €139k
2021: €174k
2022: €190k
2023: €179k
2024: €205k
2018 → 2025
Total assets
€316k▼ 10.0%
2024 · €351k
2018: €260k
2019: €292k
2020: €303k
2021: €338k
2022: €346k
2023: €329k
2024: €351k
2018 → 2025
Net result
€25k▼ 7.7%
2024 · €27k
2018: €50k
2019: €45k
2020: €19k
2021: €34k
2022: €16k
2023: €-185
2024: €27k
2018 → 2025
Working capital
€13k▲ 76.9%
2024 · €7k
2018: €16k
2019: €20k
2020: €10k
2021: €9k
2022: €28k
2023: €9k
2024: €7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€174k-€190k▲ 9.3%€179k▼ 5.9%€205k▲ 15.0%€196k▼ 4.5%
Operating result€45k-€21k▼ 54.6%€10k▼ 50.9%€40k▲ 293%€37k▼ 6.6%
Net result€34k-€16k▼ 53.3%€-185€27k€25k▼ 7.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €316k
Fixed assets
€260k▼ 7.9%
Current assets
€56k▼ 18.4%
Equity and liabilities €316k
Equity
€196k▼ 4.5%
Debt
€120k▼ 17.6%
The debt ratio falls from 41.5% to 38.0%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€62k▲
2024 · €61k
Cash flow
€49k▲
2024 · €48k
Solvency
62.0%▲
2024 · 58.5%
Current ratio
1.29▲
2024 · 1.12
Quick ratio
1.29▲
2024 · 1.12
Debt / equity
0.61▼
2024 · 0.71
ROE
12.6%▼
2024 · 13.0%
ROA
7.8%▲
2024 · 7.6%
Interest coverage
25.94▼
2024 · 26.88
Debt
€120k▼
2024 · €146k
Debt ≤ 1 year
€43k▼
2024 · €61k
Debt > 1 year
€77k▼
2024 · €84k
Income taxes
€10k▼
2024 · €11k
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€351k€316k▼
Fixed assets21/28€283k€260k▼
Tangible fixed assets22/27€283k€260k▼
Land and buildings22€64k€58k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€3k€2k▼
Assets under construction and advance payments27€213k€198k▼
Current assets29/58€69k€56k▼
Amounts receivable within one year40/41€28k€41k▲
Trade receivables40€27k€41k▲
Other amounts receivable41€1k€54▼
Cash at bank and in hand54/58€36k€15k▼
Deferred charges and accrued income490/1€5k€0▼
Equity and liabilities
Total equity and liabilities10/49€351k€316k▼
Equity10/15€205k€196k▼
Contributions10/11€12k€12k=
Reserves13€78k€68k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€76k€66k▼
Profit (loss) carried forward14€115k€116k▲
Amounts payable17/49€146k€120k▼
Amounts payable after more than one year17€84k€77k▼
Financial debts170/4€84k€77k▼
Amounts payable within one year42/48€61k€43k▼
Current portion of amounts payable after more than one year42€8k€8k=
Trade debts44€21k€3k▼
Suppliers440/4€21k€3k▼
Taxes, remuneration and social security45€4k€22k▲
Taxes450/3€4k€22k▲
Other amounts payable47/48€29k€10k▼
Income statement
Code20242025
Non-recurring operating income76A€13k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€25k▲
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€575
Gross operating margin9900€63k€63k▲
Operating profit (loss)9901€40k€37k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€37k€35k▼
Income taxes67/77€11k€10k▼
Profit (loss) for the period9904€27k€25k▼
Profit (loss) for the period to be appropriated9905€27k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€141k€140k▼
Profit (loss) brought forward from the previous period14P€114k€115k▲
Transfer from equity791/2€0€34k▲
Transfer to equity691/2€26k€24k▼
To other reserves6921€26k€24k▼
Profit to be distributed694/7€0€34k▲
Return on contributions (dividend)694€0€34k▲
The notes to these accounts (9 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
31-12
Financial
Equity above €200kEq €205k ▲15%
Equity rises from €179k to €205k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-185 ▼101%
Net result drops to €-185, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
11-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 164 days late
2021
31-12
Financial
Equity above €150kEq €174k ▲24.8%
4 profitable years in a row build equity to €174k.
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 82 days late
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 197 days late
2019
31-12
Financial
Equity above €100kEq €121k ▲58.7%
2 profitable years in a row build equity to €121k.
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gingelom · 1 establishment unit since 2016
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.
Langstraat 183890 GingelomGround area
2,793 m²
Building footprint
1,011 m²
Parcel 71040C0177/00N000, Flanders. Linked by address, not a title deed.
1 establishment unit
HRL SERVICES
since 20162.253.187.957
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71040C0177/00N000 | Flanders | 2,792 m² | 1 · 1,011 m² | - |
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.
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 39,982 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-05-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
55202Accommodation
55203Holiday cottages, homes and apartments
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.