HULLEBUSCH
ActiveHULLEBUSCH has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.43M and a net result of €553k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
93
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-49
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 3.13 against 2.77 in 2024), and 31.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
68.5%
Return on assets
7%
Age of the figures
8 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
17 d early
2023
6 d early
2022
31 d late
2021
29 d late
2020
61 d late
2019
41 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€11.50M
EBIT margin
10.8%
Net result
€553k▼ 54.1%
2024 · €1.21M
2018: €109k
2019: €221k
2020: €638k
2021: €1.24M
2022: €1.16M
2023: €1.22M
2024: €1.21M
2018 → 2025
Working capital
€4.83M▲ 11.7%
2024 · €4.32M
2018: €1.30M
2019: €1.58M
2020: €2.07M
2021: €2.92M
2022: €3.21M
2023: €3.60M
2024: €4.32M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.50M
Equity€3.44M-€4.00M▲ 16.2%€4.62M▲ 15.5%€5.23M▲ 13.1%€5.43M▲ 3.9%
Operating result€1.50M-€1.61M▲ 7.1%€1.24M▼ 23.2%€1.37M▲ 10.8%€611k▼ 55.4%
Net result€1.24M-€1.16M▼ 6.1%€1.22M▲ 5.2%€1.21M▼ 1.1%€553k▼ 54.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 55% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.93M
Fixed assets
€831k▼ 8.5%
Current assets
€7.10M▲ 5.0%
Equity and liabilities €7.93M
Equity
€5.43M▲ 3.9%
Provisions
€229k
Debt
€2.27M▼ 6.9%
The debt ratio falls from 31.8% to 28.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€757k▼
2024 · €1.54M
Cash flow
€699k▼
2024 · €1.37M
Solvency
68.5%▲
2024 · 68.2%
Current ratio
3.13▲
2024 · 2.77
Quick ratio
2.19▲
2024 · 2.01
Debt / equity
0.42▼
2024 · 0.47
ROE
10.2%▼
2024 · 23.1%
ROA
7.0%▼
2024 · 15.7%
Interest coverage
25.94▼
2024 · 60.44
Debt
€2.27M▼
2024 · €2.44M
Debt ≤ 1 year
€2.27M▼
2024 · €2.44M
Income taxes
€89k▼
2024 · €220k
Staff costs
€959k▲
2024 · €940k
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€7.67M€7.93M▲
Fixed assets21/28€908k€831k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€850k€805k▼
Land and buildings22€682k€609k▼
Plant, machinery and equipment23€18k€10k▼
Furniture and vehicles24€33k€31k▼
Leasing and similar rights25€22k€4k▼
Other tangible fixed assets26€95k€151k▲
Financial fixed assets28€58k€26k▼
Current assets29/58€6.76M€7.10M▲
Stocks and contracts in progress3€1.87M€2.13M▲
Stocks30/36€1.87M€2.13M▲
Amounts receivable within one year40/41€3.50M€3.58M▲
Trade receivables40€2.17M€2.36M▲
Other amounts receivable41€1.33M€1.22M▼
Cash at bank and in hand54/58€1.39M€1.36M▼
Deferred charges and accrued income490/1€4k€22k▲
Equity and liabilities
Total equity and liabilities10/49€7.67M€7.93M▲
Equity10/15€5.23M€5.43M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€69k€69k=
Reserves13€5.10M€5.30M▲
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€53k€53k=
Distributable reserves133€5.03M€5.23M▲
Provisions and deferred taxes16-€229k
Provisions for liabilities and charges160/5-€229k
Environmental obligations163-€229k
Amounts payable17/49€2.44M€2.27M▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€2.44M€2.27M▼
Current portion of amounts payable after more than one year42€18k€3k▼
Trade debts44€1.26M€1.34M▲
Suppliers440/4€1.26M€1.34M▲
Advances received on contracts in progress46€442k€441k▼
Taxes, remuneration and social security45€112k€138k▲
Taxes450/3€27k€24k▼
Remuneration and social security454/9€85k€115k▲
Other amounts payable47/48€600k€350k▼
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€940k€959k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€168k€146k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€20k€27k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€229k
Other operating charges640/8€34k€89k▲
Gross operating margin9900€2.53M€2.06M▼
Operating profit (loss)9901€1.37M€611k▼
Financial income75/76B€81k€60k▼
Recurring financial income75€81k€60k▼
Financial charges65/66B€25k€29k▲
Recurring financial charges65€25k€29k▲
Profit (loss) for the period before taxes9903€1.43M€642k▼
Income taxes67/77€220k€89k▼
Profit (loss) for the period9904€1.21M€553k▼
Profit (loss) for the period to be appropriated9905€1.21M€553k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.21M€553k▼
Transfer to equity691/2€606k€203k▼
To other reserves6921€606k€203k▼
Profit to be distributed694/7€600k€350k▼
Directors or managers695€600k€350k▼
Social balance
Average headcount (FTE)908715.115.9▲
The notes to these accounts (16 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €5MEq €5.23M ▲13.1%
7 profitable years in a row build equity to €5.23M.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €1.24M ▲93.7%
Net result €1.24M, the highest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Ardooie · 5 establishment units since 1986
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.
Brugsebaan 4A8850 ArdooieGround area
8.2 ha
Building footprint
4.3 ha
Volume, LiDAR
403,108 m³
6 parcels, Flanders · tallest building 15.9 m, ±3 floors. Linked by address, not a title deed.
5 establishment units
R.J.W. HULLEBUSCH
since 19862.034.408.912
Hullebusch
since 20122.209.939.023
Hullebusch
since 20122.209.939.221
HB-Classics
since 20182.274.159.951
Hullebusch
since 20262.385.846.147
6 parcels
Flanders
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007B0279/00F003 | Flanders | 6.1 ha | 1 · 3.6 ha | 15.9 m · 3 fl. |
| 36001C0942/00B000 | Flanders | 5,971 m² | 1 · 152 m² | 13.1 m · 2 fl. |
| 23070D0170/00T000 | Flanders | 5,891 m² | 1 · 2,310 m² | 7.8 m · 2 fl. |
| 36001C0975/00D002 | Flanders | 4,670 m² | 1 · 2,275 m² | 8.1 m · 2 fl. |
| 36001C0968/00D002 | Flanders | 4,668 m² | 1 · 2,396 m² | 8.7 m · 2 fl. |
| 37001D0025/00B002 | Flanders | 553 m² | 1 · 133 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 5
6 of 6 parcels 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 · 2 entries · 4,991 EUR awarded · 2,359 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,991 EUR | 2,359 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Legal Entity Identifier
549300YMO0FPYC8BXJ97
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Of 736 companies in sector 23700 we hold annual accounts for 489. 127 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1983
Fiscal year end31-12
Activities, NACEBEL
23700Cutting, shaping and finishing of stone
26700
46835Wholesale trade
43331Floor and wall tiling
43333Wallpapering and laying of floor and wall coverings in other materials
43990Other specialised construction activities
43999Specialised construction activities
45250
45433
46831Wholesale of construction materials, general range
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
Agenda
1. Lezing van de jaarrekening per 31/12/2008. 2. Goedkeuring van bovenvermeld stuk. 3. Bestemming van her resultaat. 4. Kwijting aan de bestuurders. 5. Ontslagen en benoemingen. 6. Bezoldigingen. 7. Machten. 8. Varia. (AOPC-1-9-02989/14.05)