HUGO DE SCHUTTER
ActiveHUGO DE SCHUTTER has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €586k and a net result of €112k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+19
Solvency86▲+10
Growth72▼-1
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 1.78 in 2023; short-term debt: 38.3% and cash: 45.2% of total assets), and 38.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2024Solvency, return and age of the figures
Solvency
61.4%
Return on assets
11.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-07-2025, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d early
2023
37 d early
2022
32 d early
2021
33 d early
2020
26 d early
2019
22 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.37M▲ 5.6%
2023 · €1.30M
2018: €840k
2019: €890k
2020: €1.05M
2021: €1.22M
2022: €1.47M
2023: €1.30M
2018 → 2024
EBIT margin
10.4%▲ 8.8pp
2023 · 1.7%
2018: 2.1%
2019: 3.6%
2020: 1.1%
2021: 3.5%
2022: 3.2%
2023: 1.7%
2018 → 2024
Net result
€112k▲ 495%
2023 · €19k
2018: €9k
2019: €21k
2020: €12k
2021: €37k
2022: €43k
2023: €19k
2018 → 2024
Working capital
€469k▲ 38.6%
2023 · €338k
2018: €314k
2019: €282k
2020: €248k
2021: €256k
2022: €306k
2023: €338k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.05M-€1.22M▲ 15.7%€1.47M▲ 21.2%€1.30M▼ 12.1%€1.37M▲ 5.6%
Equity€374k-€412k▲ 10.0%€455k▲ 10.6%€474k▲ 4.1%€586k▲ 23.5%
Operating result€12k-€43k▲ 265%€47k▲ 9.9%€22k▼ 54.4%€143k▲ 560%
Net result€12k-€37k▲ 207%€43k▲ 16.0%€19k▼ 56.9%€112k▲ 495%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 560% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €954k
Fixed assets
€120k▼ 20.8%
Current assets
€834k▲ 8.1%
Equity and liabilities €954k
Equity
€586k▲ 23.5%
Debt
€369k▼ 18.0%
The debt ratio falls from 48.7% to 38.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€174k▲
2023 · €61k
Cash flow
€143k▲
2023 · €58k
Solvency
61.4%▲
2023 · 51.3%
Current ratio
2.28▲
2023 · 1.78
Quick ratio
1.98▲
2023 · 1.52
Debt / equity
0.63▼
2023 · 0.95
ROE
19.1%▲
2023 · 4.0%
ROA
11.7%▲
2023 · 2.0%
Interest coverage
112.50▲
2023 · 20.29
Debt
€369k▼
2023 · €450k
Debt ≤ 1 year
€365k▼
2023 · €434k
Income taxes
€32k▲
2023 · €-133
Staff costs
€51k▲
2023 · €48k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€924k€954k▲
Fixed assets21/28€151k€120k▼
Tangible fixed assets22/27€151k€120k▼
Land and buildings22€114k€96k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€31k€19k▼
Current assets29/58€772k€834k▲
Stocks and contracts in progress3€111k€111k=
Stocks30/36€111k€111k=
Amounts receivable within one year40/41€371k€292k▼
Trade receivables40€365k€266k▼
Other amounts receivable41€6k€26k▲
Cash at bank and in hand54/58€291k€431k▲
Equity and liabilities
Total equity and liabilities10/49€924k€954k▲
Equity10/15€474k€586k▲
Contributions10/11€62k€62k=
Reserves13€412k€524k▲
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€406k€517k▲
Amounts payable17/49€450k€369k▼
Amounts payable after more than one year17€12k-
Financial debts170/4€12k-
Amounts payable within one year42/48€434k€365k▼
Current portion of amounts payable after more than one year42€16k€8k▼
Trade debts44€321k€284k▼
Suppliers440/4€321k€284k▼
Taxes, remuneration and social security45€8k€27k▲
Taxes450/3€5k€24k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€89k€47k▼
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20232024
Turnover70€1.30M€1.37M▲
Non-recurring operating income76A€155-
Goods, raw materials, services and sundry goods60/61€1.18M€1.14M▼
Remuneration, social security and pensions62€48k€51k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€31k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€112k€229k▲
Operating profit (loss)9901€22k€143k▲
Financial income75/76B€6€3k▲
Recurring financial income75€6€3k▲
Non-recurring financial income76B€6€3k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€19k€144k▲
Income taxes67/77€-133€32k▲
Profit (loss) for the period9904€19k€112k▲
Profit (loss) for the period to be appropriated9905€19k€112k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€112k▲
Transfer to equity691/2€19k€112k▲
To other reserves6921€19k€112k▲
Social balance
Average headcount (FTE)90871.01.0=
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
2025
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €112k ▲495%
Operating result €143k, net result €112k, both a record.
31-12
Financial
Equity above €500kEq €586k ▲23.5%
7 profitable years in a row build equity to €586k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kapelle-op-den-Bos · 1 establishment unit since 1996
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.
Broekstraat 211880 Kapelle-op-den-BosGround area
156 m²
Building footprint
154 m²
Volume, LiDAR
857 m³
Parcel 23067A0284/00P000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HUGO DE SCHUTTER NV
since 19962.077.575.001
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23067A0284/00P000 | Flanders | 156 m² | 1 · 154 m² | 10.7 m · 2 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.
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Of 806 companies in sector 46610 we hold annual accounts for 566. 469 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-06-1996
Fiscal year end31-12
Activities, NACEBEL
46610Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
51880
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.