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HUIZINGE

Active
Private limited companyfounded 2001active for 25 yearsGraanmarkt(Kor) 20, 8500 Kortrijk, BelgiumKBO/BCE: BE 0474.038.109
Summary

HUIZINGE has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €707,755 and a net result of €76,923. Equity is growing by about 8% per year across the filed financial years. Its solvency ranks better than 71% of 11,189 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (62 days) Filed on 1 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00539562.

Equity
€707,755▲ 12.2%
2024 · €630,832
Total assets
€1.2m▲ 48.4%
2024 · €818,806
Net result
€76,923▲ 11×
2024 · €6,799
Working capital
€399,514▼ 45.1%
2024 · €727,362
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result returns to profit in 2025: €84,761 after a loss of €27,282 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.08m 2025 Net result€0.08m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.02m-€0.1m▲ 428%€0.2m▲ 85.8%€0.2m▼ 4.2%€0.2m▲ 33.6%€0.1m▼ 51.0%-€0.03m€0.08m
Net result€0.01m-€0.09m▲ 809%€0.2mabove the sector's middle half▲ 77.8%€0.2mabove the sector's middle half▼ 6.0%€0.2mabove the sector's middle half▲ 52.8%€0.1mwithin the sector's middle half▼ 56.8%€0.007mwithin the sector's middle half▼ 93.3%€0.08mwithin the sector's middle half▲ 11×
Equity€0.4m-€0.4m▲ 4.6%€0.5mwithin the sector's middle half▲ 16.2%€0.6mwithin the sector's middle half▲ 20.4%€0.6mwithin the sector's middle half▲ 11.0%€0.6mwithin the sector's middle half▲ 0.4%€0.6mwithin the sector's middle half▲ 1.1%€0.7mwithin the sector's middle half▲ 12.2%
Total assets€0.8m-€0.7m▼ 14.6%€0.8mwithin the sector's middle half▲ 14.1%€0.9mwithin the sector's middle half▲ 18.6%€1.0mwithin the sector's middle half▲ 9.9%€1.0mwithin the sector's middle half▼ 2.3%€0.8mwithin the sector's middle half▼ 16.2%€1.2mwithin the sector's middle half▲ 48.4%
Debt€0.3m-€0.1m▼ 52.4%€0.2m▲ 25.0%€0.2m▲ 31.9%€0.2m▲ 14.4%€0.2m▼ 11.0%€0.04m▼ 82.0%€0.4m▲ 881%
Working capital€0.5m-€0.5m▲ 5.6%€0.6mabove the sector's middle half▲ 13.8%€0.7mabove the sector's middle half▲ 12.3%€0.7mabove the sector's middle half▲ 11.7%€0.7mabove the sector's middle half▼ 2.1%€0.7mabove the sector's middle half▲ 1.5%€0.4mabove the sector's middle half▼ 45.1%
Solvency48.6%-59.6%▲ 10.9pp60.6%within the sector's middle half▲ 1.1pp61.5%within the sector's middle half▲ 0.9pp62.2%above the sector's middle half▲ 0.6pp63.8%above the sector's middle half▲ 1.7pp77.0%above the sector's middle half▲ 13.2pp58.2%within the sector's middle half▼ 18.8pp
Current ratio2.92-5.26▲ 2.344.88above the sector's middle half▼ 0.384.30above the sector's middle half▼ 0.584.23above the sector's middle half▼ 0.084.55above the sector's middle half▲ 0.3221.04above the sector's middle half▲ 16.495.16above the sector's middle half▼ 15.88
Return on assets (ROA)1.3%-13.8%▲ 12.5pp21.5%above the sector's middle half▲ 7.7pp17.0%above the sector's middle half▼ 4.5pp23.7%above the sector's middle half▲ 6.6pp10.5%above the sector's middle half▼ 13.2pp0.8%within the sector's middle half▼ 9.6pp6.3%above the sector's middle half▲ 5.5pp
Staff (FTE)0.7-0.5▼ 28.6%0.7below the sector's middle half▲ 40.0%0.4below the sector's middle half▼ 42.9%1within the sector's middle half▲ 150%1within the sector's middle half=1.3within the sector's middle half▲ 30.0%0.3within the sector's middle half▼ 76.9%
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets €719,924 ▲ 13×
Current assets €495,448 ▼ 35.1%
Equity and liabilities €1.2m
Equity €707,755 ▲ 12.2%
Provisions €151,682 =
Debt €355,934 ▲ 881%
Debt's share of the balance-sheet total rises from 4.4% to 29.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€116,088▲
2024 · -€9,496
Cash flow
€108,251▲
2024 · €24,585
Debt to equity
0.50▲
2024 · 0.06
ROE
10.9%▲
2024 · 1.1%
Interest coverage
60.55▲
2024 · -12.13
Debt ≤ 1 year
€95,934▲
2024 · €36,292
Debt > 1 year
€260,000
Income taxes
€11,901▲
2024 · €10,160
Staff costs
€15,619▼
2024 · €57,237
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.

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

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,373 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet Code20242025
Assets
Total assets20/58€0.8m€1.2m▲
Fixed assets21/28€0.06m€0.7m▲
Tangible fixed assets22/27€0.06m€0.7m▲
Land and buildings22-€0.3m
Plant, machinery and equipment23€0.01m€0.4m▲
Furniture and vehicles24€0.04m€0.04m▲
Other tangible fixed assets26€0€0.01m▲
Financial fixed assets28€15€15=
Current assets29/58€0.8m€0.5m▼
Amounts receivable within one year40/41€0.1m€0.1m▼
Trade receivables40€0.07m€0.06m▼
Other amounts receivable41€0.06m€0.07m▲
Current investments50/53€0.6m€0▼
Cash at bank and in hand54/58€0.06m€0.4m▲
Deferred charges and accrued income490/1€0.002m€72▼
Equity and liabilities
Total equity and liabilities10/49€0.8m€1.2m▲
Equity10/15€0.6m€0.7m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.5m€0.5m=
Tax-exempt reserves132€0.2m€0.1m▼
Distributable reserves133€0.3m€0.4m▲
Profit (loss) carried forward14€0.1m€0.2m▲
Provisions and deferred taxes16€0.2m€0.2m=
Provisions for liabilities and charges160/5€0.2m€0.2m=
Pensions and similar obligations160€0.2m€0.2m=
Amounts payable17/49€0.04m€0.4m▲
Amounts payable after more than one year17-€0.3m
Financial debts170/4-€0.3m
Amounts payable within one year42/48€0.04m€0.1m▲
Current portion of amounts payable after more than one year42-€0.03m
Trade debts44€0.03m€0.02m▼
Suppliers440/4€0.03m€0.02m▼
Advances received on contracts in progress46-€0.04m
Taxes, remuneration and social security45€0.003m€0.009m▲
Taxes450/3€0.003m€0.006m▲
Remuneration and social security454/9-€0.002m
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Remuneration, social security and pensions62€0.06m€0.02m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.03m▲
Other operating charges640/8€0.003m€0.005m▲
Gross operating margin9900€0.05m€0.1m▲
Operating profit (loss)9901-€0.03m€0.08m▲
Financial income75/76B€0.05m€0.006m▼
Recurring financial income75€0.05m€0.006m▼
Financial charges65/66B€0.001m€0.002m▲
Recurring financial charges65€0.001m€0.002m▲
Profit (loss) for the period before taxes9903€0.02m€0.09m▲
Income taxes67/77€0.01m€0.01m▲
Profit (loss) for the period9904€0.007m€0.08m▲
Transfer from tax-exempt reserves789€0.03m€0.08m▲
Profit (loss) for the period to be appropriated9905€0.04m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.3m▲
Profit (loss) brought forward from the previous period14P€0.1m€0.1m▲
Transfer to equity691/2€0.03m€0.08m▲
To other reserves6921€0.03m€0.08m▲
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance sheet
Average headcount (FTE)90871.30.3▼

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€16,354€27,590€35,729€57,237€15,619▼ 72.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,900€12,759€11,250€14,880€19,864€21,760€17,786€31,327▲ 76.1%
Other operating charges640/8---€2,739€2,621€3,153€3,037€5,062▲ 66.7%
Gross operating margin9900€57,306€134,267€211,945€209,062€283,998€175,278€50,778€136,769▲ 169%
Operating profit (loss)9901€18,622€98,311€182,692€175,088€233,923€114,635-€27,282€84,761-
Financial income75/76B---€10,146€13,309€13,344€45,024€5,981▼ 86.7%
Recurring financial income75€1,634€3,211€6,932€10,146€13,309€13,344€45,024€5,981▼ 86.7%
Financial charges65/66B---€564€299€339€783€1,917▲ 145%
Recurring financial charges65€322€756€964€564€299€339€783€1,917▲ 145%
Profit (loss) for the period before taxes9903€19,933€100,766€188,660€184,669€246,933€127,640€16,958€88,825▲ 424%
Income taxes67/77€9,738€8,119€23,948€29,790€10,244€25,428€10,160€11,901▲ 17.1%
Profit (loss) for the period9904€10,195€92,647€164,713€154,879€236,689€102,211€6,799€76,923▲ 11×
Transfer from tax-exempt reserves789---€0--€31,575€84,200▲ 167%
Transfer to tax-exempt reserves689---€42,100€42,100€0---
Profit (loss) for the period to be appropriated9905€4,958€119,561€167,694€112,779€194,589€102,211€38,374€161,123▲ 320%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.8m€0.7m€0.8m€0.9m€1.0m€1.0m€0.8m€1.2m▲ 48.4%
Formation expenses20€0--------
Fixed assets21/28€0.05m€0.04m€0.03m€0.06m€0.04m€0.06m€0.06m€0.7m▲ 13×
Intangible fixed assets21€0--------
Tangible fixed assets22/27€0.05m€0.04m€0.03m€0.06m€0.04m€0.06m€0.06m€0.7m▲ 13×
Land and buildings22-------€0.3m-
Plant, machinery and equipment23---€0.005m€0.004m€0.01m€0.01m€0.4m▲ 29×
Furniture and vehicles24---€0.04m€0.03m€0.04m€0.04m€0.04m▲ 4.3%
Other tangible fixed assets26---€0.02m€0.008m€0.002m€0€0.01m-
Financial fixed assets28€15€15€15€15€15€15€15€15=
Current assets29/58€0.7m€0.6m€0.7m€0.9m€1.0m€0.9m€0.8m€0.5m▼ 35.1%
Stocks and contracts in progress3€0--------
Amounts receivable within one year40/41€0.3m€0.4m€0.2m€0.6m€0.5m€0.1m€0.1m€0.1m▼ 2.8%
Trade receivables40---€0.2m€0.2m€0.09m€0.07m€0.06m▼ 17.9%
Other amounts receivable41---€0.4m€0.4m€0.03m€0.06m€0.07m▲ 14.0%
Current investments50/53€0.09m€0.2m€0.5m€0.2m€0.4m€0.7m€0.6m€0▼ 100%
Cash at bank and in hand54/58€0.3m€0.02m€0.02m€0.04m€0.005m€0.08m€0.06m€0.4m▲ 502%
Deferred charges and accrued income490/1---€0.005m€0.02m€0.002m€0.002m€72▼ 95.6%
Equity and liabilities
Total equity and liabilities10/49€0.8m€0.7m€0.8m€0.9m€1.0m€1.0m€0.8m€1.2m▲ 48.4%
Equity10/15€0.4m€0.4m€0.5m€0.6m€0.6m€0.6m€0.6m€0.7m▲ 12.2%
Contributions10/11€0.02m€0.02m-€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.4m€0.4m€0.4m€0.4m€0.5m€0.5m€0.5m€0.5m=
Tax-exempt reserves132---€0.2m€0.2m€0.2m€0.2m€0.1m▼ 41.2%
Distributable reserves133---€0.2m€0.2m€0.2m€0.3m€0.4m▲ 30.5%
Profit (loss) carried forward14€0€0.01m€0.05m€0.1m€0.1m€0.1m€0.1m€0.2m▲ 58.4%
Provisions and deferred taxes16€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Provisions for liabilities and charges160/5---€0.2m€0.2m€0.2m€0.2m€0.2m=
Pensions and similar obligations160---€0.2m€0.2m€0.2m€0.2m€0.2m=
Amounts payable17/49€0.3m€0.1m€0.2m€0.2m€0.2m€0.2m€0.04m€0.4m▲ 881%
Amounts payable after more than one year17€0------€0.3m-
Financial debts170/4-------€0.3m-
Amounts payable within one year42/48€0.3m€0.1m€0.2m€0.2m€0.2m€0.2m€0.04m€0.1m▲ 164%
Current portion of amounts payable after more than one year42-------€0.03m-
Trade debts44€0.02m€0.04m€0.04m€0.1m€0.04m€0.07m€0.03m€0.02m▼ 39.2%
Suppliers440/4---€0.1m€0.04m€0.07m€0.03m€0.02m▼ 39.2%
Advances received on contracts in progress46-------€0.04m-
Taxes, remuneration and social security45---€119€265€0.002m€0.003m€0.009m▲ 169%
Taxes450/3---€60€265€0.002m€0.003m€0.006m▲ 90.6%
Remuneration and social security454/9---€58€0--€0.002m-
Other amounts payable47/48---€0.07m€0.2m€0.1m€0--
Accrued charges and deferred income492/3-----€4€0--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€10,195€92,647€164,713€154,879€236,689€102,211€6,799€76,923▲ 11×
+ Depreciation and write-downs630€13,900€12,759€11,250€14,880€19,864€21,760€17,786€31,327▲ 76.1%
Operating cash flow (approximation)€24,095€105,406€175,963€169,759€256,553€123,971€24,585€108,251▲ 340%
Investment in fixed assets (approximation)--€3,259-€5,050-€37,759-€4,793-€39,358-€13,761-€696,100▼ 4,958%
Change in cash--€283,365-€6,728€23,834-€35,960€73,712-€17,749€308,064-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 25 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 01-10-2026 2026-00539562
31-12-2024 abbreviated format 29-08-2025 2025-00430480
31-12-2023 abbreviated format 20-08-2024 2024-00358052
31-12-2022 abbreviated format 20-07-2023 2023-00254003
31-12-2021 abbreviated format 20-07-2022 2022-20205045
31-12-2020 abbreviated format 19-07-2021 2021-37300149
31-12-2019 abbreviated format 31-08-2020 2020-48500536
31-12-2018 abbreviated format 30-08-2019 2019-59100003
31-12-2017 abbreviated format 20-07-2018 2018-36100197
31-12-2016 abbreviated format 05-07-2017 2017-29400192

Show all 25 filings

Similar companies · same sector, comparable size

Of the 11,698 active companies whose main activity is real estate agency activities (NACE 68310), figures are known for 6,953. 4,149 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €480 awarded · €480 paid
Schemes
1 entry · €480 · €480 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.