Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Hucar is 0.2% (very low). The 2025 annual accounts show equity of €395k and a net result of €390k. Its solvency ranks better than 23% of 514 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Signals
1 signal · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 514 sector peers (2025).
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 02-06-2026 | 59 d early | 2026-00133440 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsYoung company
Founded in 2025, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.2%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€390k
Working capital€449k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 02-06-2026 with the NBB · fiscal year 2025 · verkort
Sector comparison
Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.4% | 46.0% | |
| Net result | €390k | €54k | |
| Equity | €395k | €216k | |
| Gross operating margin | €571k | €97k | |
| Total assets | €2.27M | €811k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | - |
| Net profit | €390k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €179k |
| Dividends | - |
| Total assets | €2.27M |
| Equity | €395k |
| Debt | €1.87M |
| of which ≤ 1y | €1.82M |
| of which > 1y | - |
| Working capital | €449k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.25 |
| Quick ratio | 1.25 |
| Working capital ratio | 19.8% |
| Solvency | 17.4% |
| Debt / equity | 4.73 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 17.2% |
| ROE | 98.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.27M |
| Current assets | 29/58 | €2.27M |
| Amounts receivable within one year | 40/41 | €2.07M |
| Investments | 50/53 | €145k |
| Cash & bank | 54/58 | €56k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.27M |
| Equity | 10/15 | €395k |
| Contributions / capital | 10/11 | €5k |
| Reserves | 13 | €390k |
| Amounts payable | 17/49 | €1.87M |
| Amounts payable within one year | 42/48 | €1.82M |
| Trade debts payable within one year | 44 | €5k |
| Income statement | ||
| Gross operating margin | 9900 | €571k |
| Operating result | 9901 | €571k |
| Financial income | 75 | €73k |
| Financial charges | 65 | €74k |
| Result before taxes | 9903 | €570k |
| Income taxes | 67/77 | €179k |
| Net result for the period | 9904 | €390k |
| Result to be appropriated | 9905 | €390k |
Ratios computed by Checked.
Health barometer
FY 2025 · computed60
/ 100
Healthy
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Structure & network
Connections & network
2 connected companiesGroup structure
We sit on their board · 1 location
→
We sit on their board · 1 location
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
2 partiesHucarBE 1018.371.524
controls
Where this company holds controlthis company sits on their board2
1 location
1 location
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationHucar
since 20252.369.239.846
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area877 m²
Buildings1
Building footprint466 m²
Volume (LiDAR)13,558 m³
Tallest building33.9 m · ±10 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1207/00C006 | Flanders | 877 m² | 1 · 466 m² | 33.9 m · 10 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
2 acts Address history · 1
19-05-2025
Registered-office move
All acts · 2
updated 1 year ago
2025
19-05-2025 Registered office moved within Antwerpen
- Frankrijklei 5, 2000 Antwerpen, België → Rubenslei 8-2018 Antwerpen
31-03-2025 Act object · Notarial deed · General meeting · Statute amendment
- Act object: STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN), ONTSLAGEN, BENOEMINGEN · MANUCHAR GROUP
- Publication: 31/03/2025 · MANUCHAR GROUP
- Filing: 27-03-2025 · MANUCHAR GROUP
- Notarial deed: 14/03/2025 · MANUCHAR GROUP
- General meeting: 14/03/2025 · MANUCHAR GROUP
- Statute amendment: Vervanging van 'executief comité' door 'Management Board' in artikelen 13, 15 en 17; aanvullingen in artikel 15; aanpassing vierde paragraaf artikel 13; vervanging artikel 16. · MANUCHAR GROUP
- Officer resignation: role: bestuurder, end_date: 2025-04-01 · HUYBRECHS Philippe Louis Marie-Claire
- Officer resignation: role: bestuurder, end_date: 2025-04-01 · MAAS Anthony Gerald Suzanne Berthe
- Officer resignation: role: gedelegeerd bestuurder, end_date: 2025-04-01 · MAAS Anthony Gerald Suzanne Berthe
- Officer appointment: role: bestuurder, term: onbepaalde duur, start_date: 2025-04-01 · HUCAR
- Permanent representative · PASQUALINI Laurent Armando Franco
- Officer appointment: role: bestuurder, term: onbepaalde duur, start_date: 2025-04-01 · GUTO
- Permanent representative · BEERNAERT Sofie
- Permanent representative · DE RAEYMAEKER Matthias Maria Jacques Michel
- Board meeting: 11/03/2025 · MANUCHAR GROUP
- Officer resignation: role: leden van het executief comité, end_date: 2025-03-14 · MANUCHAR GROUP
- Officer appointment: role: lid Management Board, start_date: 2025-03-14 · HUCAR
- Officer appointment: role: lid Management Board, start_date: 2025-03-14 · MATTHIAS DE RAEYMAEKER
- Officer appointment: role: lid Management Board, start_date: 2025-03-14 · GET2BLUE
- Permanent representative · de Winne Inge
- Officer appointment: role: lid Management Board, start_date: 2025-03-14 · GUTO
- Officer appointment: role: lid Management Board, start_date: 2025-03-14 · Van Loock Stefan
- Officer appointment: role: lid Management Board, start_date: 2025-03-14 · STE MANAGEMENT
- Permanent representative · Tektas Sabri
- Officer appointment: role: lid Management Board, start_date: 2025-03-14 · Schommer André
- Officer appointment: role: lid Management Board, start_date: 2025-03-14 · NEXUM
- Permanent representative · De Voecht Ben
- Officer appointment: role: lid Management Board, start_date: 2025-03-14 · INTEGRITY LEGAL & COMPLIANCE SERVICES
- Permanent representative · Cunha Rodrigo
- Mandate compensation: onbezoldigd · HUCAR
- Mandate compensation: onbezoldigd · GUTO
Summary:
Act object · Notarial deed · General meeting · Statute amendment
Analysis
Financial profile
4 of 5 axes measured64
/ 100
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
60
Profitability
100
Solvency
28
Growth
-
Stability
67
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 15,464 of the 82,039 companies in this sector. 9,925 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200
Primary activity highlighted.
Names & trade names
| Legal nameNL | Hucar |
Registered office
Rubenslei 8
2018 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.