HULLYNCK
ActiveHULLYNCK has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.87M and a net result of €-173k. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 59% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-1
Solvency67▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.39 in 2024; short-term debt: 22.3% and cash: 0.3% of total assets), and 57.6% 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
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
42.4%
Return on assets
-1.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-173k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
61 d late
2019
91 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€6.87M▼ 2.5%
2024 · €7.04M
2018: €9.24M
2019: €9.01M
2020: €8.67M
2021: €8.11M
2022: €7.78M
2023: €7.32M
2024: €7.04M
2018 → 2025
Total assets
€16.20M▼ 4.8%
2024 · €17.02M
2018: €17.95M
2019: €18.80M
2020: €18.06M
2021: €15.87M
2022: €15.59M
2023: €16.54M
2024: €17.02M
2018 → 2025
Net result
€-173k▲ 19.9%
2024 · €-216k
2018: €-667k
2019: €-255k
2020: €-339k
2021: €-559k
2022: €-330k
2023: €-459k
2024: €-216k
2018 → 2025
Working capital
€-2.40M▲ 7.5%
2024 · €-2.60M
2018: €-2.13M
2019: €-1.25M
2020: €-1.53M
2021: €-793k
2022: €-245k
2023: €-2.47M
2024: €-2.60M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8.11M-€7.78M▼ 4.1%€7.32M▼ 5.9%€7.04M▼ 3.8%€6.87M▼ 2.5%
Operating result€-439k-€-232k▲ 47.1%€-264k▼ 13.8%€116k€27k▼ 76.8%
Net result€-559k-€-330k▲ 41.0%€-459k▼ 39.3%€-216k▲ 52.9%€-173k▲ 19.9%
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 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.20M
Fixed assets
€15.00M▼ 2.1%
Current assets
€1.21M▼ 28.8%
Equity and liabilities €16.20M
Equity
€6.87M▼ 2.5%
Provisions
€175k▲ 0.4%
Debt
€9.16M▼ 6.5%
The debt ratio falls from 57.6% to 56.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€619k▼
2024 · €788k
Cash flow
€419k▼
2024 · €456k
Solvency
42.4%▲
2024 · 41.4%
Current ratio
0.33▼
2024 · 0.39
Quick ratio
0.31▼
2024 · 0.36
Debt / equity
1.33▼
2024 · 1.39
ROE
-2.5%▲
2024 · -3.1%
ROA
-1.1%▲
2024 · -1.3%
Interest coverage
2.25▼
2024 · 2.33
Debt
€9.16M▼
2024 · €9.80M
Debt ≤ 1 year
€3.61M▼
2024 · €4.29M
Debt > 1 year
€5.45M▲
2024 · €5.35M
Income taxes
€0▼
2024 · €12k
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€17.02M€16.20M▼
Fixed assets21/28€15.33M€15.00M▼
Tangible fixed assets22/27€13.48M€12.90M▼
Land and buildings22€10.85M€10.62M▼
Plant, machinery and equipment23€196k€176k▼
Furniture and vehicles24€152k€93k▼
Other tangible fixed assets26€2.28M€2.01M▼
Financial fixed assets28€1.85M€2.10M▲
Current assets29/58€1.69M€1.21M▼
Amounts receivable after more than one year29€865k€786k▼
Other amounts receivable291€865k€786k▼
Stocks and contracts in progress3€132k€95k▼
Stocks30/36€132k€95k▼
Amounts receivable within one year40/41€665k€279k▼
Trade receivables40€14k€11k▼
Other amounts receivable41€651k€268k▼
Cash at bank and in hand54/58€25k€45k▲
Deferred charges and accrued income490/1€5k€44▼
Equity and liabilities
Total equity and liabilities10/49€17.02M€16.20M▼
Equity10/15€7.04M€6.87M▼
Contributions10/11€3.78M€3.78M=
Revaluation surpluses12€3.31M€3.10M▼
Reserves13€2.72M€2.92M▲
Tax-exempt reserves132€522k€525k▲
Distributable reserves133€2.19M€2.40M▲
Profit (loss) carried forward14€-2.76M€-2.94M▼
Provisions and deferred taxes16€174k€175k▲
Deferred taxes168€174k€175k▲
Amounts payable17/49€9.80M€9.16M▼
Amounts payable after more than one year17€5.35M€5.45M▲
Financial debts170/4€3.06M€3.85M▲
Other amounts payable178/9€2.29M€1.60M▼
Amounts payable within one year42/48€4.29M€3.61M▼
Current portion of amounts payable after more than one year42€578k€573k▼
Financial debts43€3.51M€2.67M▼
Credit institutions430/8€3.51M€2.67M▼
Trade debts44€42k€31k▼
Suppliers440/4€42k€31k▼
Advances received on contracts in progress46€7k€0▼
Taxes, remuneration and social security45€25k€24k▼
Taxes450/3€25k€24k▼
Other amounts payable47/48€132k€310k▲
Accrued charges and deferred income492/3€164k€109k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€672k€592k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€19k€-16k▼
Other operating charges640/8€118k€79k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€924k€682k▼
Operating profit (loss)9901€116k€27k▼
Financial income75/76B€72k€75k▲
Recurring financial income75€72k€75k▲
Financial charges65/66B€338k€274k▼
Recurring financial charges65€338k€274k▼
Profit (loss) for the period before taxes9903€-150k€-172k▼
Transfer from deferred taxes780€3k€3k=
Transfer to deferred taxes680€57k€4k▼
Income taxes67/77€12k€0▼
Profit (loss) for the period9904€-216k€-173k▲
Transfer from tax-exempt reserves789€9k€9k=
Transfer to tax-exempt reserves689€170k€11k▼
Profit (loss) for the period to be appropriated9905€-377k€-175k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.76M€-2.94M▼
Profit (loss) brought forward from the previous period14P€-2.38M€-2.76M▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (23 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
26-06
State Gazette act
RestructuringMerger · Accounting effect · Power of attorney3 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Power of attorney3 facts ▸
- Merger, vereenvoudigde fusie door overneming, artikel 12:7, 2° WVV
- Accounting effect, 2026-01-01
- Power of attorney, VGD Accountants en Belastingconsulenten
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
State Gazette actNBB filing
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 1991
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.
Sint-Janstraat 1858700 TieltGround area
2,851 m²
Building footprint
848 m²
Volume, LiDAR
8,528 m³
Parcel 37302E0519/00W000, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HULLYNCK NV
since 19912.055.098.319
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302E0519/00W000 | Flanders | 2,851 m² | 1 · 848 m² | 15.2 m · 3 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.
Structure & network
Acquisitions and mergers
1 transactionTook over:WEST-BURO
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Of 11,749 companies in sector 68310 we hold annual accounts for 6,906. 1,341 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-1991
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
68321Property management for co-owned buildings (syndics)
98100Undifferentiated goods- and services-producing activities of private households for own use
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:ann@vlaemynck.be
Phone:051/79.40.70