HUGUES CISELET
ActiveHUGUES CISELET has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €388k and a net result of €-191k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 30% of 19351 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▼-27
Solvency34▼-19
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.65 against 2.79 in 2023; short-term debt: 36.6% and cash: 0.3% of total assets), and 91% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
9%
Return on assets
-4.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
30 d late
2022
87 d late
2021
85 d late
2020
89 d late
2019
143 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-191k
2023 · €32k
2018: €-220k
2019: €161k
2020: €303k
2021: €69k
2022: €-130k
2023: €32k
2018 → 2024
Working capital
€-554k
2023 · €1.93M
2018: €1.65M
2019: €1.74M
2020: €3.00M
2021: €1.98M
2022: €1.80M
2023: €1.93M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.79M-€1.47M▼ 18.3%€1.34M▼ 8.9%€1.37M▲ 2.4%€388k▼ 71.7%
Operating result€156k-€47k▼ 70.0%€-135k€15k€-204k
Net result€303k-€69k▼ 77.2%€-130k€32k€-191k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €204k after €15k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.33M
Fixed assets
€3.30M▲ 83.8%
Current assets
€1.03M▼ 65.8%
Equity and liabilities €4.33M
Equity
€388k▼ 71.7%
Debt
€3.94M▲ 14.4%
The debt ratio rises from 71.6% to 91.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-131k▼
2023 · €112k
Cash flow
€-118k▼
2023 · €130k
Solvency
9.0%▼
2023 · 28.4%
Current ratio
0.65▼
2023 · 2.79
Quick ratio
0.65▼
2023 · 2.79
Debt / equity
10.16▲
2023 · 2.52
ROE
-49.1%▼
2023 · 2.4%
ROA
-4.4%▼
2023 · 0.7%
Interest coverage
-2.92▼
2023 · 2.51
Debt
€3.94M▲
2023 · €3.44M
Debt ≤ 1 year
€1.59M▲
2023 · €1.08M
Debt > 1 year
€2.35M▼
2023 · €2.36M
Income taxes
€1k▲
2023 · €1k
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€4.81M€4.33M▼
Fixed assets21/28€1.79M€3.30M▲
Tangible fixed assets22/27€733k€676k▼
Land and buildings22€494k€453k▼
Furniture and vehicles24€70k€50k▼
Other tangible fixed assets26€169k€173k▲
Financial fixed assets28€1.06M€2.62M▲
Current assets29/58€3.02M€1.03M▼
Amounts receivable after more than one year29€1.76M€325k▼
Other amounts receivable291€1.76M€325k▼
Amounts receivable within one year40/41€1.11M€681k▼
Trade receivables40€18k€29k▲
Other amounts receivable41€1.10M€652k▼
Current investments50/53€10k€10k▼
Cash at bank and in hand54/58€129k€12k▼
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€4.81M€4.33M▼
Equity10/15€1.37M€388k▼
Contributions10/11€19k€19k=
Reserves13€1.45M€658k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.45M€656k▼
Profit (loss) carried forward14€-98k€-289k▼
Amounts payable17/49€3.44M€3.94M▲
Amounts payable after more than one year17€2.36M€2.35M▼
Financial debts170/4€2.36M€2.35M▼
Amounts payable within one year42/48€1.08M€1.59M▲
Current portion of amounts payable after more than one year42€42k€42k▲
Financial debts43€624-
Credit institutions430/8€624-
Trade debts44€19k€35k▲
Suppliers440/4€19k€35k▲
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€1.02M€1.50M▲
Accrued charges and deferred income492/3-€196
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98k€73k▼
Other operating charges640/8€13k€11k▼
Gross operating margin9900€125k€-120k▼
Operating profit (loss)9901€15k€-204k▼
Financial income75/76B€64k€60k▼
Recurring financial income75€64k€60k▼
Financial charges65/66B€45k€45k▲
Recurring financial charges65€45k€45k▲
Profit (loss) for the period before taxes9903€33k€-189k▼
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€32k€-191k▼
Profit (loss) for the period to be appropriated9905€32k€-191k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-98k€-289k▼
Profit (loss) brought forward from the previous period14P€-130k€-98k▲
Transfer from equity791/2-€790k
Profit to be distributed694/7-€790k
Return on contributions (dividend)694-€790k
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 85 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
31-12
Financial
Highest result since 2018net €303k ▲87.7%
Net result €303k, the highest in the series.
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 143 days late
2019
31-12
Financial
Back to profitnet €161k
Net result €161k after one loss-making year.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 71 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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, Sint-Genesius-Rode · 1 establishment unit since 2001
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.
Grote Hutsesteenweg 170B1640 Sint-Genesius-RodeGround area
6,437 m²
Building footprint
540 m²
Volume, LiDAR
3,235 m³
2 parcels, Flanders, Wallonia · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Clos des Faisans 2, 1380 Lasne
since 20012.096.900.765
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0043/00N070 | Flanders | 3,458 m² | 1 · 255 m² | 10.3 m · 2 fl. |
| 25024A0196/00P000 | Wallonia | 2,979 m² | 1 · 284 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,322 companies in sector 68110 we hold annual accounts for 5,382. 3,789 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-2001
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
70200Business and other management consultancy
70220Business consulting
73200Market research and public opinion polling
74131
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 24 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.