HRLV
ActiveSummary
HRLV has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.6m and a net result of €2.1m. Equity is growing by ~19.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+26
Solvency91▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650,000 at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.64 in 2024; short-term debt: 4.5% and cash: 0.4% of total assets), and 33.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
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
66.3%
Return on assets
14.4%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
27 d late
2024
16 d early
2023
47 d early
2022
11 d early
2021
17 d late
2020
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 2 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.1m▲ 277%
2024 · €550,699
Working capital
-€591,018▼ 54.9%
2024 · -€381,534
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€652▲ 92.9%-€944▼ 44.8%-€1,045▼ 10.7%-€1,053▼ 0.7%-€4,944▼ 370%
Net result€697,161▼ 30.9%€1.0m▲ 44.7%€1.3m▲ 24.6%€550,699▼ 56.2%€2.1m▲ 277%
Equity€4.7m▲ 17.4%€5.7m▲ 21.4%€7.0m▲ 22.0%€7.5m▲ 7.9%€9.6m▲ 27.6%
Total assets€13.1m▼ 0.2%€14.4m▲ 9.6%€13.6m▼ 5.3%€13.8m▲ 1.0%€14.5m▲ 5.1%
Debt€8.4m▼ 7.9%€8.7m▲ 3.1%€6.7m▼ 23.2%€6.3m▼ 6.2%€4.9m▼ 22.1%
Working capital-€869,231€284,816-€469,814-€381,534▲ 18.8%-€591,018▼ 54.9%
Staff (FTE)000
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,944 in 2025 against €1,053 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.5m
Fixed assets
€14.4m ▲ 10.0%
Current assets
€64,550 ▼ 90.5%
Equity and liabilities €14.5m
Equity
€9.6m ▲ 27.6%
Debt
€4.9m ▼ 22.1%
Debt's share of the balance-sheet total falls from 45.4% to 33.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.10▼
2024 · 0.64
Debt to equity
0.51▼
2024 · 0.83
ROE
21.6%▲
2024 · 7.3%
ROA
14.4%▲
2024 · 4.0%
Debt ≤ 1 year
€655,569▼
2024 · €1.1m
Debt > 1 year
€4.1m▼
2024 · €5.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €348 | €868 | €960 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | -€304 | -€76 | -€85 | -€85 | -€3,946 | ▼ 4,537% |
| Operating profit (loss)9901 | -€652 | -€944 | -€1,045 | -€1,053 | -€4,944 | ▼ 370% |
| Financial income75/76B | €820,000 | €1.3m | €1.5m | €800,262 | €2.2m | ▲ 180% |
| Recurring financial income75 | €820,000 | €1.3m | €1.5m | €800,262 | €2.2m | ▲ 180% |
| Financial charges65/66B | €122,187 | €289,988 | €270,827 | €248,510 | €157,195 | ▼ 36.7% |
| Recurring financial charges65 | €122,187 | €289,988 | €270,827 | €248,510 | €157,195 | ▼ 36.7% |
| Profit (loss) for the period before taxes9903 | €697,161 | €1.0m | €1.3m | €550,699 | €2.1m | ▲ 277% |
| Profit (loss) for the period9904 | €697,161 | €1.0m | €1.3m | €550,699 | €2.1m | ▲ 277% |
| Profit (loss) for the period to be appropriated9905 | €697,161 | €1.0m | €1.3m | €550,699 | €2.1m | ▲ 277% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.1m | €14.4m | €13.6m | €13.8m | €14.5m | ▲ 5.1% |
| Fixed assets21/28 | €13.1m | €13.1m | €13.1m | €13.1m | €14.4m | ▲ 10.0% |
| Financial fixed assets28 | €13.1m | €13.1m | €13.1m | €13.1m | €14.4m | ▲ 10.0% |
| Current assets29/58 | €35,769 | €1.3m | €543,623 | €682,005 | €64,550 | ▼ 90.5% |
| Amounts receivable within one year40/41 | - | €1.3m | €528,817 | €529,079 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €1.3m | €528,817 | €529,079 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €35,769 | €2,231 | €14,806 | €152,926 | €64,550 | ▼ 57.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.1m | €14.4m | €13.6m | €13.8m | €14.5m | ▲ 5.1% |
| Equity10/15 | €4.7m | €5.7m | €7.0m | €7.5m | €9.6m | ▲ 27.6% |
| Contributions10/11 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Capital10 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Issued capital100 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Profit (loss) carried forward14 | €1.7m | €2.7m | €4.0m | €4.5m | €6.6m | ▲ 45.9% |
| Amounts payable17/49 | €8.4m | €8.7m | €6.7m | €6.3m | €4.9m | ▼ 22.1% |
| Amounts payable after more than one year17 | €7.4m | €7.4m | €5.6m | €5.0m | €4.1m | ▼ 18.2% |
| Other amounts payable178/9 | €7.4m | €7.4m | €5.6m | €5.0m | €4.1m | ▼ 18.2% |
| Amounts payable within one year42/48 | €905,000 | €1.0m | €1.0m | €1.1m | €655,569 | ▼ 38.4% |
| Taxes, remuneration and social security45 | - | €17,415 | €13,437 | €13,539 | €5,569 | ▼ 58.9% |
| Taxes450/3 | - | €17,415 | €13,437 | €13,539 | €5,569 | ▼ 58.9% |
| Other amounts payable47/48 | €905,000 | €1.0m | €1.0m | €1.1m | €650,000 | ▼ 38.1% |
| Accrued charges and deferred income492/3 | €123,986 | €268,965 | €57,390 | €244,971 | €171,270 | ▼ 30.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €697,161 | €1.0m | €1.3m | €550,699 | €2.1m | ▲ 277% |
| Operating cash flow (approximation) | €697,161 | €1.0m | €1.3m | €550,699 | €2.1m | ▲ 277% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1.3m | - |
| Change in cash | - | -€33,538 | €12,575 | €138,120 | -€88,376 | ▼ 164% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Highest result since 2020net €2.1m ▲277%
Net result €2.1m, the highest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €550,699 ▼56.2%
Net result drops to €550,699, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 32current ratio 1.28
Current ratio from 0.04 to 1.28.
31-12
Financial
Equity above €5mEq €5.7m ▲21.4%
3 profitable years in a row build equity to €5.7m.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Oupeye · 1 establishment unit since 2019
Ground area
4,298 m²
Building footprint
1,362 m²
Volume, LiDAR
8,158 m³
2 parcels, Flanders, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HRLV
since 20192.300.199.404
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057B0007/00N002 | Flanders | 2,737 m² | 1 · 1,190 m² | 9.2 m · 2 fl. |
| 62049B0771/00T000 | Wallonia | 1,562 m² | 1 · 172 m² | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of HRLV and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded31-12-2019
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.