Hullak&Hullak
ActiveHullak&Hullak has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €5k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-3
Solvency31▼-16
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.72 against 1.07 in 2024; short-term debt: 33.7% and cash: 0.9% of total assets), and 94.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
5.5%
Return on assets
0.9%
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 08-07-2026, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
23 d early
2024
57 d late
2023
142 d late
2022
242 d late
2021
29 d late
2020
31 d late
2019
69 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▼ 76.0%
2024 · €125k
2019: €16k
2020: €81k
2021: €92k
2022: €104k
2023: €105k
2024: €125k
2019 → 2025
Total assets
€540k▼ 6.2%
2024 · €576k
2019: €165k
2020: €224k
2021: €609k
2022: €578k
2023: €549k
2024: €576k
2019 → 2025
Net result
€5k▼ 74.4%
2024 · €20k
2019: €9k
2020: €65k
2021: €11k
2022: €12k
2023: €1k
2024: €20k
2019 → 2025
Working capital
€-51k
2024 · €8k
2019: €-39k
2020: €6k
2021: €14k
2022: €8k
2023: €29k
2024: €8k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€92k-€104k▲ 12.9%€105k▲ 1.1%€125k▲ 19.0%€30k▼ 76.0%
Operating result€26k-€18k▼ 31.2%€3k▼ 81.4%€3k▼ 8.4%€19k▲ 519%
Net result€11k-€12k▲ 9.5%€1k▼ 90.5%€20k▲ 1,670%€5k▼ 74.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 519% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €540k
Fixed assets
€409k▼ 11.7%
Current assets
€131k▲ 16.0%
Equity and liabilities €540k
Equity
€30k▼ 76.0%
Debt
€510k▲ 13.0%
The debt ratio rises from 78.3% to 94.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€79k▲
2024 · €67k
Cash flow
€66k▼
2024 · €84k
Solvency
5.5%▼
2024 · 21.7%
Current ratio
0.72▼
2024 · 1.07
Quick ratio
0.13▼
2024 · 0.15
Debt / equity
17.04▲
2024 · 3.62
ROE
17.1%▲
2024 · 16.0%
ROA
0.9%▼
2024 · 3.5%
Interest coverage
8.25▼
2024 · 13.21
Debt
€510k▲
2024 · €452k
Debt ≤ 1 year
€182k▲
2024 · €105k
Debt > 1 year
€328k▼
2024 · €346k
Income taxes
€4k▲
2024 · €-2k
Staff costs
€125k▲
2024 · €109k
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€576k€540k▼
Fixed assets21/28€463k€409k▼
Tangible fixed assets22/27€463k€409k▼
Land and buildings22€319k€298k▼
Plant, machinery and equipment23€15k€13k▼
Furniture and vehicles24€118k€89k▼
Other tangible fixed assets26€12k€9k▼
Financial fixed assets28-€50
Current assets29/58€113k€131k▲
Stocks and contracts in progress3€97k€107k▲
Stocks30/36€97k€107k▲
Amounts receivable within one year40/41€0€14k▲
Trade receivables40-€14k
Other amounts receivable41€0-
Current investments50/53€5k€5k=
Cash at bank and in hand54/58€11k€5k▼
Deferred charges and accrued income490/1€0€621▲
Equity and liabilities
Total equity and liabilities10/49€576k€540k▼
Equity10/15€125k€30k▼
Contributions10/11€8k€8k=
Reserves13€117k€22k▼
Distributable reserves133€117k€22k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€452k€510k▲
Amounts payable after more than one year17€346k€328k▼
Financial debts170/4€346k€328k▼
Amounts payable within one year42/48€105k€182k▲
Current portion of amounts payable after more than one year42€41k€52k▲
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€42k€60k▲
Taxes450/3€26k€41k▲
Remuneration and social security454/9€17k€19k▲
Other amounts payable47/48€18k€63k▲
Income statement
Code20242025
Remuneration, social security and pensions62€109k€125k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€61k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€179k€209k▲
Operating profit (loss)9901€3k€19k▲
Financial income75/76B€20k€123▼
Recurring financial income75€81€123▲
Non-recurring financial income76B€20k€0▼
Financial charges65/66B€5k€10k▲
Recurring financial charges65€5k€10k▲
Profit (loss) for the period before taxes9903€18k€9k▼
Income taxes67/77€-2k€4k▲
Profit (loss) for the period9904€20k€5k▼
Profit (loss) for the period to be appropriated9905€20k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€5k▼
Transfer from equity791/2-€100k
Transfer to equity691/2€20k€5k▼
To other reserves6921€20k€5k▼
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
The notes to these accounts (15 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 142 days late
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 242 days late
2023
31-12
Financial
Weakest financial yearnet €1k ▼90.5%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
2022
31-12
Financial
Equity above €100kEq €104k ▲12.9%
4 profitable years in a row build equity to €104k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2019net €65k ▲633%
Operating result €80k, net result €65k, both a record.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Nijlen · 1 establishment unit since 2019
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.
Fortstraat(Kessel) 212560 NijlenGround area
1,434 m²
Building footprint
141 m²
Volume, LiDAR
770 m³
Parcel 12018A0582/00W000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hullak&Hullak
since 20192.291.740.410
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018A0582/00W000 | Flanders | 1,434 m² | 1 · 141 m² | 9.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 207 EUR awarded · 207 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 207 EUR | 207 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DEEP GROEP
BE 0736.314.627
Wuustwezel · Eq €30k
DRAGON PRODUCTIONS
BE 0727.825.246
Liège · Eq €30k
DELIVERYVES
BE 1006.194.361
Brugge · Eq €30k
SHAHEEN INTERNATIONAL
BE 0628.607.708
Koksijde · Eq €30k
CAFFEMOBILE.BE
BE 0759.890.971
Ukkel · Eq €30k
Of 12,968 companies in sector 47120 we hold annual accounts for 2,186. 1,457 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2019
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47793Retail sale of other second-hand goods, excluding clothing
47910Retail trade
46150Agents in the wholesale of furniture, household goods and hardware
47551Retail sale of household furniture
47559Retail sale of other household articles
47591Retail trade
47599Retail trade
95240Repair and maintenance of furniture and upholstery
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.