Hulene
ActiveHulene has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €808k and a net result of €-81k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+26
Solvency49▼-26
Growth68▲+16
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days only on tighter terms
Liquidity short (current ratio 0.83 against 2.26 in 2024), and 67.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€81k
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
31 d early
2023
55 d early
2022
59 d early
2021
18 d early
2020
26 d late
2019
26 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€178k▲ 349%
2024 · €40k
2024: €40k
2024 → 2025
EBIT margin
-24.9%▲ 104.5pp
2024 · -129.5%
2024: -129.5%
2024 → 2025
Net result
€-81k▼ 98.9%
2024 · €-41k
2018: €-5k
2019: €-10k
2020: €481k
2021: €-57k
2022: €-36k
2023: €185
2024: €-41k
2018 → 2025
Working capital
€-22k
2024 · €349k
2018: €-133k
2019: €-320k
2020: €680k
2021: €580k
2022: €551k
2023: €581k
2024: €349k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€40k€178k▲ 349%
Equity€829k-€793k▼ 4.4%€793k=€889k▲ 12.0%€808k▼ 9.1%
Operating result€-91k-€-51k▲ 44.3%€-6k▲ 87.4%€-51k▼ 703%€-44k▲ 13.5%
Net result€-57k-€-36k▲ 36.4%€185€-41k€-81k▼ 98.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44k in 2025 against €51k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.51M
Fixed assets
€2.41M▲ 10.9%
Current assets
€107k▼ 82.9%
Equity and liabilities €2.51M
Equity
€808k▼ 9.1%
Provisions
€213k▼ 5.1%
Debt
€1.49M▼ 11.2%
The debt ratio falls from 60.2% to 59.4%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€108k▲
2024 · €2k
Cash flow
€72k▲
2024 · €12k
Solvency
32.1%▲
2024 · 31.8%
Current ratio
0.83▼
2024 · 2.26
Quick ratio
0.83▼
2024 · 2.26
Debt / equity
1.85▼
2024 · 1.89
ROE
-10.0%▼
2024 · -4.6%
ROA
-3.2%▼
2024 · -1.5%
Interest coverage
2.27▲
2024 · 0.09
Debt
€1.49M▼
2024 · €1.68M
Debt ≤ 1 year
€129k▼
2024 · €276k
Debt > 1 year
€1.36M▼
2024 · €1.41M
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€2.79M€2.51M▼
Fixed assets21/28€2.17M€2.41M▲
Tangible fixed assets22/27€2.17M€2.41M▲
Land and buildings22€2.13M€2.37M▲
Plant, machinery and equipment23€36k€36k▼
Furniture and vehicles24-€3k
Current assets29/58€625k€107k▼
Amounts receivable within one year40/41€564k€2k▼
Other amounts receivable41€564k€2k▼
Cash at bank and in hand54/58€61k€97k▲
Deferred charges and accrued income490/1€163€8k▲
Equity and liabilities
Total equity and liabilities10/49€2.79M€2.51M▼
Equity10/15€889k€808k▼
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€851k€817k▼
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Tax-exempt reserves132€672k€638k▼
Distributable reserves133€159k€159k=
Profit (loss) carried forward14€-162k€-208k▼
Provisions and deferred taxes16€224k€213k▼
Deferred taxes168€224k€213k▼
Amounts payable17/49€1.68M€1.49M▼
Amounts payable after more than one year17€1.41M€1.36M▼
Financial debts170/4€1.41M€1.33M▼
Other amounts payable178/9-€30k
Amounts payable within one year42/48€276k€129k▼
Current portion of amounts payable after more than one year42€79k€77k▼
Trade debts44€195k€169▼
Suppliers440/4€195k€169▼
Advances received on contracts in progress46€2k€0▼
Taxes, remuneration and social security45€16€4k▲
Taxes450/3€16€4k▲
Other amounts payable47/48-€47k
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Turnover70€40k€178k▲
Non-recurring operating income76A€0€131k▲
Goods, raw materials, services and sundry goods60/61€31k€58k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€153k▲
Other operating charges640/8€11k€9k▼
Non-recurring operating charges66A€0€253k▲
Gross operating margin9900€12k€370k▲
Operating profit (loss)9901€-51k€-44k▲
Financial income75/76B€13k€26▼
Recurring financial income75€13k€26▼
Financial charges65/66B€18k€48k▲
Recurring financial charges65€18k€48k▲
Profit (loss) for the period before taxes9903€-57k€-92k▼
Transfer from deferred taxes780€16k€11k▼
Profit (loss) for the period9904€-41k€-81k▼
Transfer from tax-exempt reserves789€37k€34k▼
Profit (loss) for the period to be appropriated9905€-4k€-47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-162k€-208k▼
Profit (loss) brought forward from the previous period14P€-158k€-162k▼
The notes to these accounts (7 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-81k
Net result drops to €-81k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €185
Net result €185 after 2 loss-making years.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €481k
Net result €481k after 2 loss-making years.
31-12
Financial
Liquidity times 38current ratio 19.78
Current ratio from 0.52 to 19.78; short-term debt falls from €667k to €36k.
31-12
Financial
Equity above €500kEq €886k ▲119%
Equity rises from €406k to €886k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Maaseik · 1 establishment unit since 1989
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.
Weertersteenweg 1473680 MaaseikGround area
4,300 m²
Building footprint
2,240 m²
Parcel 72021A1103/00V009, Flanders. Linked by address, not a title deed.
1 establishment unit
HULENE
since 19892.045.427.617
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021A1103/00V009 | Flanders | 4,300 m² | 1 · 2,240 m² | - |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 28,732 EUR awarded · 28,732 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 25,032 EUR | 25,032 EUR |
| 2024 | 1 | 3,700 EUR | 3,700 EUR |
Schemes
Premie voor buitensporige opgravingskosten bij verplicht archeologisch onderzoek
Premie voor archeologisch vooronderzoek met ingreep in de bodem
Similar companies · same sector, comparable size
Arthus Construct
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LOGI
BE 0458.195.237
Gent · Eq €806k
AMIC
BE 0865.365.704
Oudenburg · Eq €806k
MAJA DEDECKER
BE 0893.785.219
Londerzeel · Eq €810k
GHEERAERT PROPERTY
BE 0429.991.201
Brugge · Eq €811k
Of 7,288 companies in sector 68110 we hold annual accounts for 5,354. 3,363 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-10-1989
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.