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HUBERT COURCELLES

Active Private limited companyfounded 2001active for 24 yearsOratiumstraat 5, 7700 MouscronKBO/BCE: BE 0476.150.828
HUBERT COURCELLES
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Overview

Lifetime

20 annual accounts with figures on one time axis, 24 filings since 2002
peak €429,497 (2025)
€429,497▲ 49.4%
peak €197,623 (2025)
€197,623▲ 211%
peak €292,700 (2025)
€292,700▲ 19.4%
€242,050▲ 80.8%
peak 3.5 FTE (2019)
-not published
Board2 names since 2012
1 directorHC MANAGEMENT
Documentsfilings and deeds
21-09-202652 days late
2025micro format
Gross margin from €287,395 to €429,497Result from €63,527 to €197,6232 managers resigning, 1 director reappointed 13-02Equity from €245,077 to €292,700Debts from €133,892 to €242,050Investments €68,326

Key points

from the 2025 annual accounts

Equity

€292,700 ▲ 19.4%

HUBERT COURCELLES has made a profit in every financial year since 2006.

Result

€197,623 ▲ 211%
€63,5002024€198,0002025

The result rose in 2025 from €63,527 to €197,623.

Debts

€242,050 ▲ 80.8%
Other debts
+90,000
Taxes and wages
+18,053
Financial debts
+14,332
The rest
-14,227

Debts rose by €108,158 in 2025.

Investments

€65,546 2.9 × depreciation
20212022202320242025

Green is investment, beige is depreciation. Machinery stands 140.2% higher than in 2024.

Staff

4 employees on 31-12-2025
212023022024222025

In 2025, 2 people joined and 2 left.

Filings

24 annual accounts since 2002
AprilJune31 JulyOctober20102020

Three of the last ten came late. The 2025 accounts came latest: 52 days after the end of the period.

Checked score

94
Excellent
Financially stronger than 74% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.2%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.1%▼ -0.1 percentage points vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

80-10equity 54.7% of total assets
80-5short-term debt 42.2% · cash 41.5%
100+10return on assets 37.0%

Score breakdown

raises risk
Last filed accounts filed 52 days late; 1 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 2.01, cash €221,734
Equity €292,700 (54.7% of total assets)
Calculation

The band follows from the bankruptcy probability. 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). It does better than 60% of them on solvency, 78% on liquidity, 92% on profitability and 67% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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

Comparable companies, two years later

In July 2024, 31,368 companies had the same profile as HUBERT COURCELLES has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of HUBERT COURCELLES itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 31,368 companies, not a prediction for HUBERT COURCELLES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €25,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.01 (2.61 in 2024), above the usual 1.5. Short-term debt is 42.2% and cash 41.5% of total assets. 45.3% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 2.01, cash €221,734
NBB · annual accounts
raises risk · Last filed accounts filed 52 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Equity €292,700 (54.7% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · 2025 accounts filed 52 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 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 · 10 filings
Deviation from the deadline
2025
52 days late
2024
20 days early
2023
29 days early
2022
10 days late
2021
30 days late
2020
32 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 August (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

HM
HC MANAGEMENT
Director, Hubert COURCELLES, since 05-02-2025
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0476150828
2 managers resigning, 1 director reappointed Resignations: Hubert COURCELLES (statutory manager) and HC MANAGEMENT (manager) · Reappointment: HC MANAGEMENT · Permanent representative: Hubert COURCELLES · General meeting of 05-02-2025 · Gazette deed
First establishment Slachthuisstraat 37, Mouscron
Incorporation published on 06-12-2001 · Gazette deed
All 33 events

Comparable companies

same main activity, similar in size and age
Company
HUBERT COURCELLES Mouscron €534,750 €429,497 54.7% -
D ET B ELEC La Louvière €567,330 €386,447 61.5% -
HOCETEC Mons €496,769 €370,545 18.4% 9.3
MAISON DEMEULEMEESTER Ath €601,654 €419,511 31.8% 5.8
DELIMO Moorslede €536,127 €403,183 50.2% 4.1
BELGIAN SPRINKLER MAINTENANCE SERVICES Beringen €544,320 €415,040 79.9% -
A & T ENERGY Hamme (Vl.) €485,617 €379,420 22.5% -

These companies have the same main activity as HUBERT COURCELLES: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €486,000 and €602,000, founded between 1998 and 2004.

Official details

Source: KBO
Status
Active since 22-11-2001Normal situation
Activity
General electrical installation workNACE 43211and 1 other
Joint committee
149.01Electricians: installation and distribution · annual accounts 2023
Establishment unit
2.098.691.5057700 Mouscron, since 24-12-2001
Financial year end
31 December
Peppol
Reachable since 24-11-2025
Company details

Annual accounts 2025

€429,497▲ 49.4%
≈ €940,000estimated
€197,623▲ 211%
€292,700▲ 19.4%
€534,750▲ 41.1%
Employeeson 31-12-2025
4=
Filing
Filed on 21-09-2026
Financials

Insights on HUBERT COURCELLES

HUBERT COURCELLES files the micro format. That format states no turnover. The gross margin rose from €80,205 in 2006 to €429,497 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 21-09-2026, 52 days late
€429,497
▲ 49.4%
€220,806
▲ 222%
€243,226
▲ 158%
€220,043
▲ 146%
54.7%
▼ 9.9 percentage points
2.01
▼ 0.60

The turnover shown is an estimate from the gross margin.

Turnover ≈ €940,000. Estimated: probably between €820,000 and €1.2m.

Balance sheet

balance sheet total €534,750 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

54.7%

Higher than 59% of 35,125 companies in 2025.

2.01

Higher than 55% of 34,499 companies in 2025.

37.0%

Higher than 91% of 34,700 companies in 2025.

HUBERT COURCELLES Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

€52,475

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, 2 people joined and 2 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 534,750378,969475,978437,288580,561530,316408,112474,347411,338274,532265,940256,034291,787410,063774,128288,069221,728247,782146,022149,338
20 -------000----------
21/28 81,37835,47252,64380,07269,50172,67756,63973,52971,24632,34041,88338,51554,12072,44786,02669,51189,23476,98860,17971,165
21 -------000----------
22/27 78,51935,39252,56479,99369,42172,59756,56073,45071,16732,26141,79338,42654,03172,35885,93769,42289,14576,89960,09071,076
22 1,5761,8502,2993,1524,0041,9104,5227,36110,26913,17816,18919,27019,14322,74726,35129,95531,28633,88337,47640,051
23 16,8657,0224,5862,5893335619558252615226578855077961,0213,5325,1286,3007,0234,339
24 60,07726,51945,67974,25263,43170,12651,08365,26560,63618,56124,94818,27034,38048,81558,56535,93552,73136,71615,59026,686
26 -------000----------
27 ---01,653--000----------
28 2,85979797979797979797989898989898989898989
29/58 453,372343,498423,334357,216511,060457,639351,472400,818340,092242,191224,058217,519237,667337,615688,102218,558132,494170,79485,84378,173
29 -------0------------
290 -------000----------
291 -------000----------
3 16,00016,00017,46368,24060,41342,73810,00010,00010,00010,0008,5368,2339,31316,208109,56611,8879,23410,55511,22910,951
30/36 16,00016,00017,46368,24060,41342,73810,00010,00010,00010,0008,5368,2339,31316,208109,56611,8879,23410,55511,22910,951
37 -------000----------
40/41 215,082154,980156,822135,884122,998119,39777,43067,470182,13580,74955,04469,28367,123113,930120,55368,51571,22469,06660,72644,809
40 109,519111,067143,293121,03290,08198,59466,85058,539149,70880,71951,69469,18548,98484,425119,10048,66352,29961,46460,38631,973
41 105,56243,91313,52914,85232,91720,80210,5808,93132,427313,3509818,13929,5051,45319,85218,9257,60233912,836
50/53 -------124,19089,1400----------
54/58 221,734171,731248,279152,340326,875295,042262,779197,68355,111149,138157,313138,428159,883206,239456,85796,03951,13178,19013,63422,159
490/1 5577877707527734631,2641,4743,7062,3043,1641,5741,3481,2381,12742,11690612,983254254
Balance sheet: equity and liabilities
10/49 534,750378,969475,978437,288580,561530,316408,112474,347411,338274,532265,940256,034291,787410,063774,128288,069221,728247,782146,022149,338
10/15 292,700245,077241,550202,185156,055135,053137,833137,818141,102140,906140,849136,397132,290131,38299,024137,895120,26993,70991,13182,720
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------12,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
11 -------000----------
1100/10 -------000----------
12 -------000----------
13 286,500238,877235,350195,985149,855128,853131,633131,618134,902134,70630,30229,15728,11927,01927,01927,01927,01927,01927,01927,019
130/1 1,8601,8601,8601,8601,8601,860-0------------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
1311 1,8601,8601,8601,8601,8601,860--------------
1312 -------000----------
1319 -------000----------
132 -----025,15925,15928,65528,49228,44227,29726,25925,15925,15925,15925,15925,15925,15925,159
133 284,640237,017233,490194,125147,995126,993104,614104,599104,387104,355----------
14 00000--000104,347100,79497,42397,31564,655103,22585,29758,36155,29646,399
15 -------000-2465488491,1501,4511,7522,1302,6163,102
19 -------0------------
16 -------0---1272824375927479021,0971,3471,597
160/5 -------000----------
160 -------000----------
161 -------000----------
162 -------000----------
163 -------000----------
164/5 -------000----------
168 -------000-1272824375927479021,0971,3471,597
17/49 242,050133,892234,428235,103424,505395,264270,278336,529270,236133,626125,092119,510159,215278,243674,512149,427100,557152,97653,54465,021
17 16,4972,16511,11724,98017,6547,10519,96332,64529,90810,20215,1514,80113,26215,34823,70919,58029,56029,26226,23835,221
170/4 16,4972,16511,11724,98017,6547,10519,96332,64529,90810,20215,1514,80113,26215,34823,70919,58029,56029,26226,23835,221
175 -------000----------
176 -------000----------
178/9 -------000----------
42/48 225,399131,623223,311210,123406,847388,158250,316303,884240,328122,184109,941114,709145,953260,537205,71574,09061,99752,69027,30729,801
42 8,2068,95213,86313,65214,53912,85712,68317,66411,2674,9489,6518,46113,61810,16114,55011,7809,7117,0878,9838,770
43 -------0------------
430/8 -------000----------
439 -------000----------
44 33,46946,99976,69929,59476,28053,35920,80845,91346,31665,56039,68724,13636,25333,46555,50955,38046,59219,43311,4289,472
440/4 33,46946,99976,69929,59476,28053,35920,80845,91346,31665,56039,68724,13636,25333,46555,50955,38046,59219,43311,4289,472
441 -------000----------
46 500500-----000---4,800---234--
45 33,22415,17111,21233,30720,30719,97919,84719,44214,1557,83110,60316,07710,76426,08565,0836,9295,6948,9364,9295,772
450/3 14,5602,333023,5076,2206,8495,7526,7194,8941,2861,5686,1551,04613,62857,1606781,9443,4782,5301,083
454/9 18,66412,83811,2129,80014,08713,13014,09512,7239,2616,5459,0359,9229,71812,4577,9246,2513,7495,4582,3994,689
47/48 150,00060,000121,537133,570295,721301,964196,978220,864168,58943,84550,00066,03585,318186,02770,572--17,0001,9665,787
492/3 154105-05--001,239---2,358445,08955,7579,00071,023--
Income statement
70 --------00----------
76A --01,77639-04,80000545-3,940-5001,2001,791--2,852
9900 429,497287,395366,045355,034256,688285,563247,664261,498220,805108,505169,781163,147148,112337,553216,898112,932130,373108,48186,29680,205
60/61 --------00----------
62 183,662191,283180,554154,961143,852133,544140,199125,36994,34470,76597,06099,23999,50596,98174,19260,25962,17655,29643,27538,502
630 22,42025,76533,24432,12630,34929,04433,03730,05822,27610,71515,13420,98421,29432,25538,49529,57927,76420,10517,27519,178
631/4 461------000--------6,935-
635/8 -------000----------
640/8 2,1481,8711,9881,9471,6912,7532,1322,6654,6245862,1672,5061,9151,8134,7505012,4641,2111,0741,223
649 -------000----------
66A ---02,721--000----------
9901 220,80668,476150,258165,99978,075120,22372,296103,40699,56126,43855,42140,41725,398206,50599,46122,59237,96831,86917,73821,301
75/76B 5672788836,3152,0022246543131615544,7591,4836371,5491,0353,6173,7461,6622,993
75 5672788836,3152,0022246543131615544,7591,4836371,5491,0353,6173,7461,6622,993
76B -------000----------
65/66B 6532,8713,2262,6015,8196701,5482,2412,7312,1521,7052,6264,9686,9343,8531,4471,7592,6892,3732,906
65 6532,8713,2262,6015,8196701,5482,2412,7312,1521,7052,6264,9686,9343,8531,4471,7592,6892,3732,906
66B -------000----------
9903 220,72065,883147,915169,71474,258119,55570,994101,21997,14324,44754,81542,55025,853200,20897,65623,38041,61732,92617,02724,240
67/77 23,0972,35628,55123,5852,3554,0852,4993,2533,49702432974917,70336,3815,60814,87410,1128,3805,677
9904 197,62363,527119,365146,12971,903115,46968,49597,96693,64624,44754,69942,40825,959182,66061,43017,92726,93723,0648,89719,515
789 ----025,15903,49700----------
689 -------0164491,1451,0381,100-------
9905 197,62363,527119,365146,12971,903140,62868,495101,46293,48224,39853,55341,37024,858182,66061,43017,92726,93723,0648,89719,515
Appropriation of the result
9906 197,62363,527119,365146,12971,903140,62868,495101,46293,482128,745154,347138,794122,173247,315164,655103,22585,29778,36155,29647,639
791/2 -------000----------
691/2 47,6233,52739,36546,12921,00322,3781521232104,355---------1,240
691 -------000----------
6920 -------000---------1,240
6921 47,6233,52739,36546,12921,00322,3781521232104,355----------
694/7 150,00060,00080,000100,00050,900118,25068,480101,25093,45024,39050,00038,00024,750150,000100,000--20,000--
694 -------000----100,000--20,000--
695 150,00060,00080,000100,00050,900118,25068,480101,25093,45024,39050,00038,00024,750150,000------
696 -------000----------
Social balance sheet
9087 3.53.93.33333.53.33.32.42.832.933332.321.8
Hours worked1013 5,4885,8885,3044,8284,6844,4165,3805,2644,7842,9263,9914,9424,4994,3424,3724,0733,9053,2603,4022,948
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 21-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 52 days after the deadline. Filed on 21 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00519926.

Financial year Type Filed Reference Document
31-12-2025 micro format 21-09-2026 2026-00519926 PDF
31-12-2024 micro format 11-07-2025 2025-00259678 PDF
31-12-2023 full format 02-07-2024 2024-00199106 PDF
31-12-2022 micro format 10-08-2023 2023-00324480 PDF
31-12-2021 micro format 30-08-2022 2022-20349762 PDF
31-12-2020 micro format 29-06-2021 2021-27200320 PDF
31-12-2019 micro format 30-06-2020 2020-24500473 PDF
31-12-2018 micro format 04-07-2019 2019-29000117 PDF
31-12-2017 micro format 17-07-2018 2018-33800487 PDF
31-12-2016 micro format 17-07-2017 2017-32200186 PDF
31-12-2015 full format 20-07-2016 2016-33000194 PDF
31-12-2014 full format 20-08-2015 2015-43700402 PDF
31-12-2013 full format 18-07-2014 2014-32500216 PDF
31-12-2012 full format 28-08-2013 2013-47300508 PDF
31-12-2011 full format 30-08-2012 2012-46800263 PDF
31-12-2010 full format 26-08-2011 2011-43900325 PDF
31-12-2009 full format 19-07-2010 2010-31000545 PDF
31-12-2008 full format 10-07-2009 2009-38900122 PDF
31-12-2007 full format 29-08-2008 2008-67100112 PDF
31-12-2006 full format 18-07-2007 2007-41400032 PDF
31-12-2005 full format 25-08-2006 2006-69302484 PDF
31-12-2004 full format 28-09-2005 2005-75603021 PDF
31-12-2003 full format 03-11-2004 2004-78000261 PDF
31-12-2002 full format 30-09-2003 2003-72005170 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
243,22694,241183,502198,125108,424149,266105,333133,465121,83637,15470,55461,40146,692238,759137,95652,17265,73251,97435,01240,479
220,04389,292152,608178,255102,252144,513101,532128,024115,92235,16369,83263,39247,252214,91599,92547,50754,70143,16926,17238,692
68,3268,5935,81544,35055,87969,30616,14732,34161,1811,18328,2395,37913,98618,67655,0109,85643,26241,7886,2898,459
50,003-76,54895,939-174,53531,83332,26365,095142,572-94,027-8,17518,885-21,455-46,356-250,617360,81844,908-27,06064,556-8,525-
227,973211,875200,023147,092104,21369,481101,15696,93499,764120,007114,117102,81091,71477,078482,387144,46870,497118,10358,53648,372
54.7%64.7%50.7%46.2%26.9%25.5%33.8%29.1%34.3%51.3%53.0%53.3%45.3%32.0%12.8%47.9%54.2%37.8%62.4%55.4%
2.012.611.901.701.261.181.401.321.421.982.041.901.631.303.342.952.143.243.142.62
1.942.491.821.381.111.071.361.291.371.901.961.821.561.232.812.791.993.042.732.26
0.830.550.971.162.722.931.962.441.920.950.890.881.202.126.811.080.841.630.590.79
67.5%25.9%49.4%72.3%46.1%85.5%49.7%71.1%66.4%17.4%38.8%31.1%19.6%139.0%62.0%13.0%22.4%24.6%9.8%23.6%
37.0%16.8%25.1%33.4%12.4%21.8%16.8%20.7%22.8%8.9%20.6%16.6%8.9%44.5%7.9%6.2%12.1%9.3%6.1%13.1%
over 10032.8356.8876.1718.63---------------

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date44433
full-time43433
part-time01000
in full-time equivalents43.8433
3.53.93.333
On a permanent contract34333
Joined202--
Left221--

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€65,546€8,593€5,815€44,350€55,879
Financial fixed assets€2,780----
€22,420€25,765€33,244€32,126€30,349

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on HUBERT COURCELLES

The operating result for 2025 is over 3.2 times that of 2024 and the highest since 2006. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total rises from 35.3% to 45.3%. Equity and debt are higher.

Board & ownership

Board

1 director, last change in 2025
HC MANAGEMENT
Director, permanent representative Hubert COURCELLES
since 05-02-2025 term without a fixed end
earlier manager, until 13-02-2025
listed in the 2025 annual accounts, filed on 21-09-2026
Permanent representatives 1
Hubert COURCELLES
Permanent representative, for HC MANAGEMENT
in office according to the deed of 13-02-2025

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
HC MANAGEMENT
Director
Hubert COURCELLES
Statutory manager
BoardEarliermandate already running before its first mention
Mandates as a list
  • HC MANAGEMENT
    • Director, from 01-03-2012 to date
    • Manager, until 13-02-2025
  • Hubert COURCELLES
    • Statutory manager, until 01-03-2012

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€6,200
Source
2025 annual accounts

Articles of association

deed of 13-02-2025 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Friday of June at 20:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Dissolution pour quelque cause que ce soit, assemblée générale détermine modalités à simple majorité des voix”

Network & group

No group

HUBERT COURCELLES has no parent and no holdings in its annual accounts. HC MANAGEMENT is the only director. HUBERT COURCELLES shares no director with another company.

At the same address

Oratiumstraat 5, 7700 Mouscron · 2 other companies
HC MANAGEMENT
registered office since 29-02-2012 · founded in 2012
 total assets €780,039 (2025)
0844.056.584
UNITE COURCELLES
registered office since 01-09-2013
 founded in 2013
0537.277.753

Timeline

Timeline

33 events since 2001

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 52 days late
2025
Highest result from 2006 to 2025 net €197,623 ▲211% The operating result of €220,806 and the net result of €197,623 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0476150828
Annual accounts 2024 filed PDFmicro format · 20 days before the deadline
2 managers resigning, 1 director reappointedResignations: Hubert COURCELLES (statutory manager) and HC MANAGEMENT (manager) · Reappointment: HC MANAGEMENT · Permanent representative: Hubert COURCELLES · General meeting of 05-02-202510 points ▸
  • General meeting, 05-02-2025
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • Director resignation, Hubert COURCELLES (statutory manager)
  • Director resignation, HC MANAGEMENT (manager)
  • Director reappointment, HC MANAGEMENT
  • Permanent representative, Hubert COURCELLES
  • Director discharge, HC MANAGEMENT (manager)
  • Power of attorney, Benoit CLOET
  • Registered office clause, rue de l'Oratoire 5, 7700 Mouscron
  • 100 shares
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2024
Annual accounts 2023 filed PDFfull format · 29 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 10 days late
2022
Equity above €200,000 equity €202,185 ▲29.6% Equity rises from €156,055 to €202,185.
Annual accounts 2021 filed PDFmicro format · 30 days late
2021
Equity above €150,000 equity €156,055 ▲15.6% Equity rises from €135,053 to €156,055.
Annual accounts 2020 filed PDFmicro format · 32 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 31 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 27 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 14 days before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 14 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 11 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 20 days late
2014
Annual accounts 2013 filed PDFfull format · 13 days before the deadline
2013
Annual accounts 2012 filed PDFfull format · 28 days late
2012
Annual accounts 2011 filed PDFfull format · 30 days late
2011
Annual accounts 2010 filed PDFfull format · 26 days late
2010
Annual accounts 2009 filed PDFfull format · 12 days before the deadline
2009
Equity above €100,000 equity €120,269 ▲28.3% With a profit in every financial year since 2006, equity grows to €120,269.
Annual accounts 2008 filed PDFfull format · 21 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 29 days late
2007
Weakest financial year net €8,897 ▼54.4% The net result drops to €8,897, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2006 filed PDFfull format · 13 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2001
First establishment Slachthuisstraat 37, Mouscron
Incorporation published on 06-12-2001

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

HUBERT COURCELLES was incorporated on 22 November 2001.1 Total assets rose from €474,347 in 2018 to €534,750 in 2025 and headcount from 3.3 to 3.5 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0476.150.828
VAT number
BE 0476.150.828
Peppol ID
0208:0476150828
Other Peppol ID
9925:BE0476150828
Legal form
Private limited company
Status
Active, normal situation
Founded
22-11-2001
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Friday of June at 20:00
deed of 13-02-2025 (in French)
Peppol
Reachable since 24-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
HUBERT COURCELLES in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-02-2025 (in French)

Activities

NACEBEL 2025
VAT activities
43211 General electrical installation work main activity
43240 Other construction installation
Social security (RSZ) activities
43211 General electrical installation work main activity
Joint committees annual accounts 2023
JC 149.01 Electricians: installation and distribution
Codes under NACEBEL 2008
VAT activities
43211 Specialised construction activities main activity
43299 Specialised construction activities
Social security (RSZ) activities
43211 Specialised construction activities main activity
Codes under NACEBEL 2003
VAT activities
45310 main activity
45340
Social security (RSZ) activities
45310 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'installation électrique et d'enseignes lumineuses; L'entreprise de carrelage,d'étanchéité de construction,de maçonnerie et de béton,de…”
3 activities
  1. L'installation électrique et d'enseignes lumineuses
  2. L'entreprise de carrelage,d'étanchéité de construction,de maçonnerie et de béton,de travaux de démolition de construction,de vitrage,de menuiserie et de charpenterie,de plafonnerie et de cimenterie
  3. Le commerce en gros et en détail d'appareils électriques et d'articles ayant trait aux activités mentionnées ci-avant
deed of 13-02-2025 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Oratiumstraat 5 registered office 7700 Mouscron
Slachthuisstraat 37 7700 Mouscron 24-12-2001 2.098.691.505

Buildings and parcels at the addresses

Ground area
3,492 m²
Buildings
589 m²
Volume, LiDAR
2,984 m³
Tallest building
7.7 m
Buildings to scale, each on its own parcel
361 m², 5.8 m 227 m², 7.7 m 361 m², 5.8 m 227 m², 7.7 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
54007B0141/00P0001,848 m² 1 · 361 m² 5.8 m · 2
54436A0468/00C0001,644 m² 1 · 227 m² 7.7 m · 2

Recognitions

Recognised contractor

2 categories
HUBERT COURCELLES SRLapproval number 44486
  • P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 2, up to €330,000
  • P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 1, up to €162,000
decision 13-03-2025

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0476.150.828

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