HULALEX
ActiveHULALEX has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86k and a net result of €52k. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 40% of 2267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+29
Solvency55▼-16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.75 against 1.98 in 2024; short-term debt: 38.5% and cash: 2.1% of total assets), and 70.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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 2025Solvency, return and age of the figures
Solvency
29.5%
Return on assets
17.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
22 d early
2024
41 d late
2023
27 d late
2022
28 d late
2021
11 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€86k▼ 35.7%
2024 · €134k
2021: €23k
2022: €48k
2023: €84k
2024: €134k
2021 → 2025
Total assets
€292k▲ 1.2%
2024 · €289k
2021: €228k
2022: €278k
2023: €254k
2024: €289k
2021 → 2025
Net result
€52k▲ 4.4%
2024 · €50k
2021: €-2k
2022: €50k
2023: €41k
2024: €50k
2021 → 2025
Working capital
€-28k
2024 · €39k
2021: €-6k
2022: €-9k
2023: €3k
2024: €39k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€48k▲ 106%€84k▲ 75.7%€134k▲ 59.4%€86k▼ 35.7%
Operating result€2k-€71k▲ 3,668%€104k▲ 47.3%€114k▲ 9.6%€74k▼ 34.8%
Net result€-2k-€50k€41k▼ 17.0%€50k▲ 21.2%€52k▲ 4.4%
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 falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €292k
Fixed assets
€208k▼ 1.1%
Current assets
€84k▲ 7.3%
Equity and liabilities €292k
Equity
€86k▼ 35.7%
Debt
€206k▲ 33.2%
The debt ratio rises from 53.6% to 70.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€77k▼
2024 · €118k
Cash flow
€55k▲
2024 · €54k
Solvency
29.5%▼
2024 · 46.4%
Current ratio
0.75▼
2024 · 1.98
Quick ratio
0.75▼
2024 · 1.98
Debt / equity
2.39▲
2024 · 1.15
ROE
60.5%▲
2024 · 37.3%
ROA
17.9%▲
2024 · 17.3%
Interest coverage
95.00▲
2024 · 2.63
Debt
€206k▲
2024 · €155k
Debt ≤ 1 year
€113k▲
2024 · €40k
Debt > 1 year
€93k▼
2024 · €113k
Income taxes
€21k▲
2024 · €20k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€289k€292k▲
Fixed assets21/28€210k€208k▼
Tangible fixed assets22/27€10k€8k▼
Land and buildings22-€3k
Furniture and vehicles24€10k€4k▼
Financial fixed assets28€200k€200k=
Current assets29/58€79k€84k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€46k€75k▲
Trade receivables40€13k€31k▲
Other amounts receivable41€33k€44k▲
Cash at bank and in hand54/58€31k€6k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€289k€292k▲
Equity10/15€134k€86k▼
Contributions10/11€1k€1k=
Reserves13€133k€85k▼
Distributable reserves133€133k€85k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€155k€206k▲
Amounts payable after more than one year17€113k€93k▼
Financial debts170/4€113k€93k▼
Amounts payable within one year42/48€40k€113k▲
Current portion of amounts payable after more than one year42€20k€20k=
Trade debts44€1k€12k▲
Suppliers440/4€1k€12k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€16k€77k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Non-recurring operating income76A-€9k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€978€725▼
Gross operating margin9900€119k€78k▼
Operating profit (loss)9901€114k€74k▼
Financial income75/76B€661€0▼
Recurring financial income75€661€0▼
Financial charges65/66B€45k€815▼
Recurring financial charges65€45k€815▼
Profit (loss) for the period before taxes9903€70k€73k▲
Income taxes67/77€20k€21k▲
Profit (loss) for the period9904€50k€52k▲
Profit (loss) for the period to be appropriated9905€50k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€52k▲
Transfer from equity791/2€0€100k▲
Transfer to equity691/2€50k€52k▲
To other reserves6921€50k€52k▲
Profit to be distributed694/7€0€100k▲
Return on contributions (dividend)694€0€100k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €52k ▲4.4%
Net result €52k, the highest in the series.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-12
Financial
Equity above €100kEq €134k ▲59.4%
3 profitable years in a row build equity to €134k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortrijk · 1 establishment unit since 2017
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.
Mellestraat(Heu) 3948501 KortrijkGround area
814 m²
Building footprint
184 m²
Volume, LiDAR
773 m³
Parcel 34016A0238/00M000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
L.COSTEUR
since 20172.268.952.932
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016A0238/00M000 | Flanders | 814 m² | 1 · 184 m² | 6.0 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900AP3FFBULWU7S58
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BE 0684.699.244
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Mil'Impact
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FIDEP
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Of 11,221 companies in sector 82100 we hold annual accounts for 3,511. 2,609 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2017
Fiscal year end31-12
Trade name NL
L.COSTEUR
Activities, NACEBEL
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.