HUIZINGE
ActiveSummary
HUIZINGE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €631k and a net result of €7k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability20▼-62
Solvency100▲+11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 21.04 against 4.55 in 2023; short-term debt: 4.4% and cash: 7.5% of total assets), and 23% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
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
77%
Return on assets
0.8%
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 29-08-2025, 29 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
29 d late
2023
20 d late
2022
11 d early
2021
11 d early
2020
12 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€631k▲ 1.1%
2023 · €624k
2018: €383klowest in 7 years
2019: €401k▲ +4.6% vs 2018
2020: €465k▲ +16.2% vs 2019
2021: €560k▲ +20.4% vs 2020
2022: €622k▲ +11.0% vs 2021
2023: €624k▲ +0.4% vs 2022
2024: €631k▲ +1.1% vs 2023highest in 7 years
2018 → 2024
Total assets
€819k▼ 16.2%
2023 · €978k
2018: €787k
2019: €672k▼ -14.6% vs 2018lowest in 7 years
2020: €767k▲ +14.1% vs 2019
2021: €910k▲ +18.6% vs 2020
2022: €1.00M▲ +9.9% vs 2021highest in 7 years
2023: €978k▼ -2.3% vs 2022
2024: €819k▼ -16.2% vs 2023
2018 → 2024
Net result
€7k▼ 93.3%
2023 · €102k
2018: €10k
2019: €93k▲ +809% vs 2018
2020: €165k▲ +77.8% vs 2019
2021: €155k▼ -6.0% vs 2020
2022: €237k▲ +52.8% vs 2021highest in 7 years
2023: €102k▼ -56.8% vs 2022
2024: €7k▼ -93.3% vs 2023lowest in 7 years
2018 → 2024
Working capital
€727k▲ 1.5%
2023 · €717k
2018: €485klowest in 7 years
2019: €512k▲ +5.6% vs 2018
2020: €583k▲ +13.8% vs 2019
2021: €655k▲ +12.3% vs 2020
2022: €732k▲ +11.7% vs 2021highest in 7 years
2023: €717k▼ -2.1% vs 2022
2024: €727k▲ +1.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€465k-€560k▲ 20.4%€622k▲ 11.0%€624k▲ 0.4%€631k▲ 1.1%
2020: €465klowest in 5 years
2021: €560k▲ +20.4% vs 2020
2022: €622k▲ +11.0% vs 2021
2023: €624k▲ +0.4% vs 2022
2024: €631k▲ +1.1% vs 2023highest in 5 years
Operating result€183k-€175k▼ 4.2%€234k▲ 33.6%€115k▼ 51.0%€-27k
2020: €183k
2021: €175k▼ -4.2% vs 2020
2022: €234k▲ +33.6% vs 2021highest in 5 years
2023: €115k▼ -51.0% vs 2022
2024: €-27k▼ -124% vs 2023lowest in 5 years
Net result€165k-€155k▼ 6.0%€237k▲ 52.8%€102k▼ 56.8%€7k▼ 93.3%
2020: €165k
2021: €155k▼ -6.0% vs 2020
2022: €237k▲ +52.8% vs 2021highest in 5 years
2023: €102k▼ -56.8% vs 2022
2024: €7k▼ -93.3% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €27k after €115k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €819k
Fixed assets
€55k ▼ 6.8%
Current assets
€764k ▼ 16.9%
Equity and liabilities €819k
Equity
€631k ▲ 1.1%
Provisions
€152k =
Debt
€36k ▼ 82.0%
Debt's share of the balance-sheet total falls from 20.7% to 4.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-9k▼
2023 · €136k
Cash flow
€25k▼
2023 · €124k
Current ratio
21.04▲
2023 · 4.55
Debt to equity
0.06▼
2023 · 0.32
ROE
1.1%▼
2023 · 16.4%
ROA
0.8%▼
2023 · 10.5%
Interest coverage
-12.13▼
2023 · 402.38
Debt ≤ 1 year
€36k▼
2023 · €202k
Income taxes
€10k▼
2023 · €25k
Staff costs
€57k▲
2023 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€978k€819k▼
Fixed assets21/28€59k€55k▼
Tangible fixed assets22/27€59k€55k▼
Plant, machinery and equipment23€14k€13k▼
Furniture and vehicles24€44k€42k▼
Other tangible fixed assets26€2k€0▼
Financial fixed assets28€15€15=
Current assets29/58€918k€764k▼
Amounts receivable within one year40/41€118k€130k▲
Trade receivables40€90k€68k▼
Other amounts receivable41€28k€61k▲
Current investments50/53€720k€571k▼
Cash at bank and in hand54/58€79k€61k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€978k€819k▼
Equity10/15€624k€631k▲
Contributions10/11€19k€19k=
Reserves13€481k€481k=
Tax-exempt reserves132€236k€204k▼
Distributable reserves133€245k€276k▲
Profit (loss) carried forward14€125k€132k▲
Provisions and deferred taxes16€152k€152k=
Provisions for liabilities and charges160/5€152k€152k=
Pensions and similar obligations160€152k€152k=
Amounts payable17/49€202k€36k▼
Amounts payable within one year42/48€202k€36k▼
Trade debts44€73k€33k▼
Suppliers440/4€73k€33k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€128k€0▼
Accrued charges and deferred income492/3€4€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€36k€57k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€18k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€175k€51k▼
Operating profit (loss)9901€115k€-27k▼
Financial income75/76B€13k€45k▲
Recurring financial income75€13k€45k▲
Financial charges65/66B€339€783▲
Recurring financial charges65€339€783▲
Profit (loss) for the period before taxes9903€128k€17k▼
Income taxes67/77€25k€10k▼
Profit (loss) for the period9904€102k€7k▼
Transfer from tax-exempt reserves789-€32k
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€102k€38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€225k€163k▼
Profit (loss) brought forward from the previous period14P€123k€125k▲
Transfer to equity691/2-€32k
To other reserves6921-€32k
Profit to be distributed694/7€100k€0▼
Directors or managers695€100k€0▼
Social balance
Average headcount (FTE)90871.01.3▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €16k | €28k | €36k | €57k | ▲ 60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €15k | €20k | €22k | €18k | ▼ 18.3% |
| Other operating charges640/8 | - | €3k | €3k | €3k | €3k | ▼ 3.7% |
| Gross operating margin9900 | €212k | €209k | €284k | €175k | €51k | ▼ 71.0% |
| Operating profit (loss)9901 | €183k | €175k | €234k | €115k | €-27k | ▼ 124% |
| Financial income75/76B | - | €10k | €13k | €13k | €45k | ▲ 237% |
| Recurring financial income75 | €7k | €10k | €13k | €13k | €45k | ▲ 237% |
| Financial charges65/66B | - | €564 | €299 | €339 | €783 | ▲ 131% |
| Recurring financial charges65 | €964 | €564 | €299 | €339 | €783 | ▲ 131% |
| Profit (loss) for the period before taxes9903 | €189k | €185k | €247k | €128k | €17k | ▼ 86.7% |
| Income taxes67/77 | €24k | €30k | €10k | €25k | €10k | ▼ 60.0% |
| Profit (loss) for the period9904 | €165k | €155k | €237k | €102k | €7k | ▼ 93.3% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | €32k | - |
| Transfer to tax-exempt reserves689 | - | €42k | €42k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €168k | €113k | €195k | €102k | €38k | ▼ 62.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €767k | €910k | €1.00M | €978k | €819k | ▼ 16.2% |
| Fixed assets21/28 | €34k | €57k | €42k | €59k | €55k | ▼ 6.8% |
| Tangible fixed assets22/27 | €34k | €57k | €42k | €59k | €55k | ▼ 6.8% |
| Plant, machinery and equipment23 | - | €5k | €4k | €14k | €13k | ▼ 7.1% |
| Furniture and vehicles24 | - | €36k | €30k | €44k | €42k | ▼ 3.3% |
| Other tangible fixed assets26 | - | €16k | €8k | €2k | €0 | ▼ 100% |
| Financial fixed assets28 | €15 | €15 | €15 | €15 | €15 | = |
| Current assets29/58 | €733k | €853k | €959k | €918k | €764k | ▼ 16.9% |
| Amounts receivable within one year40/41 | €214k | €607k | €546k | €118k | €130k | ▲ 10.1% |
| Trade receivables40 | - | €235k | €175k | €90k | €68k | ▼ 23.7% |
| Other amounts receivable41 | - | €372k | €371k | €28k | €61k | ▲ 119% |
| Current investments50/53 | €500k | €200k | €390k | €720k | €571k | ▼ 20.7% |
| Cash at bank and in hand54/58 | €18k | €41k | €5k | €79k | €61k | ▼ 22.4% |
| Deferred charges and accrued income490/1 | - | €5k | €17k | €2k | €2k | ▲ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €767k | €910k | €1.00M | €978k | €819k | ▼ 16.2% |
| Equity10/15 | €465k | €560k | €622k | €624k | €631k | ▲ 1.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €396k | €438k | €481k | €481k | €481k | = |
| Tax-exempt reserves132 | - | €194k | €236k | €236k | €204k | ▼ 13.4% |
| Distributable reserves133 | - | €245k | €245k | €245k | €276k | ▲ 12.9% |
| Profit (loss) carried forward14 | €50k | €103k | €123k | €125k | €132k | ▲ 5.4% |
| Provisions and deferred taxes16 | €152k | €152k | €152k | €152k | €152k | = |
| Provisions for liabilities and charges160/5 | - | €152k | €152k | €152k | €152k | = |
| Pensions and similar obligations160 | - | €152k | €152k | €152k | €152k | = |
| Amounts payable17/49 | €150k | €198k | €227k | €202k | €36k | ▼ 82.0% |
| Amounts payable within one year42/48 | €150k | €198k | €227k | €202k | €36k | ▼ 82.0% |
| Trade debts44 | €38k | €128k | €42k | €73k | €33k | ▼ 54.4% |
| Suppliers440/4 | - | €128k | €42k | €73k | €33k | ▼ 54.4% |
| Taxes, remuneration and social security45 | - | €119 | €265 | €2k | €3k | ▲ 83.4% |
| Taxes450/3 | - | €60 | €265 | €2k | €3k | ▲ 83.4% |
| Remuneration and social security454/9 | - | €58 | €0 | - | - | - |
| Other amounts payable47/48 | - | €70k | €185k | €128k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €4 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €165k | €155k | €237k | €102k | €7k | ▼ 93.3% |
| + Depreciation and write-downs630 | €11k | €15k | €20k | €22k | €18k | ▼ 18.3% |
| Operating cash flow (approximation) | €176k | €170k | €257k | €124k | €25k | ▼ 80.2% |
| Investment in fixed assets (approximation) | - | €-38k | €-5k | €-39k | €-14k | ▲ 65.0% |
| Change in cash | - | €24k | €-36k | €74k | €-18k | ▼ 124% |
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
2026
15-09
State Gazette act
Board meeting · Registered-office movePower of attorney4 facts ▸
State Gazette act
Board meeting · Registered-office move
Power of attorney4 facts ▸
- Board meeting, 12-06-2026
- Registered-office move, Graanmarkt 20, 8500 Kortrijk
- Power of attorney, GEVIMAR
- Power of attorney
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €7k ▼93.3%
Net result drops to €7k, the lowest in the series.
31-12
Financial
Liquidity times 5current ratio 21.04
Current ratio from 4.55 to 21.04; short-term debt falls from €202k to €36k.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €237k ▲52.8%
Operating result €234k, net result €237k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €560k ▲20.4%
4 profitable years in a row build equity to €560k.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
Show earlier events
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2001
Ground area
239 m²
Building footprint
162 m²
Volume, LiDAR
1,903 m³
Parcel 34022G0510/00C000, Flanders · tallest building 22.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HUIZINGE
since 20012.097.982.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022G0510/00C000 | Flanders | 239 m² | 1 · 162 m² | 21.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 480 EUR awarded · 480 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 480 EUR | 480 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,320 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.