HULS
ActiveSummary
HULS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136k and a net result of €8k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 95% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+76
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 12.89 against 8.94 in 2024; short-term debt: 5.6% and cash: 55.2% of total assets), and 5.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
94.4%
Return on assets
5.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
19 d late
2023
19 d late
2022
18 d late
2021
26 d late
2020
17 d late
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€136k▲ 6.3%
2024 · €128k
Total assets
€144k▲ 5.7%
2024 · €136k
Net result
€8k
2024 · €-29k
Working capital
€95k▲ 44.4%
2024 · €66k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12k▼ 1.0%€25k▲ 111%€-3k€-29k▼ 812%€9k
Net result€8k▼ 18.3%€17k▲ 115%€-3k€-29k▼ 757%€8k
Equity€147k▼ 1.5%€162k▲ 10.2%€157k▼ 3.1%€128k▼ 18.4%€136k▲ 6.3%
Total assets€194k▲ 0.8%€216k▲ 11.1%€175k▼ 18.7%€136k▼ 22.2%€144k▲ 5.7%
Debt€47k▲ 8.7%€54k▲ 14.1%€18k▼ 65.9%€8k▼ 54.6%€8k▼ 3.6%
Working capital€91k▲ 46.8%€114k▲ 24.8%€60k▼ 47.5%€66k▲ 10.8%€95k▲ 44.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9k after a loss of €29k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144k
Fixed assets
€41k ▼ 34.3%
Current assets
€103k ▲ 39.1%
Equity and liabilities €144k
Equity
€136k ▲ 6.3%
Debt
€8k ▼ 3.6%
Debt's share of the balance-sheet total falls from 6.1% to 5.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2024 · €-2k
Cash flow
€29k▲
2024 · €-3k
Current ratio
12.89▲
2024 · 8.94
Quick ratio
11.60▲
2024 · 8.35
Debt to equity
0.06▼
2024 · 0.06
ROE
5.9%▲
2024 · -22.6%
ROA
5.6%▲
2024 · -21.2%
Interest coverage
211.25▲
2024 · -17.38
Debt ≤ 1 year
€8k▼
2024 · €8k
Income taxes
€1k▲
2024 · €382
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €18k | €33k | €26k | €21k | ▼ 19.3% |
| Other operating charges640/8 | €640 | €979 | €788 | €4k | €575 | ▼ 84.0% |
| Gross operating margin9900 | €36k | €44k | €30k | €1k | €31k | ▲ 2,516% |
| Operating profit (loss)9901 | €12k | €25k | €-3k | €-29k | €9k | ▲ 130% |
| Financial income75/76B | €1k | €950 | €321 | €357 | €506 | ▲ 41.7% |
| Recurring financial income75 | €1k | €950 | €321 | €357 | €506 | ▲ 41.7% |
| Financial charges65/66B | €149 | €541 | €149 | €140 | €142 | ▲ 1.6% |
| Recurring financial charges65 | €149 | €541 | €149 | €140 | €142 | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | €13k | €25k | €-3k | €-29k | €9k | ▲ 132% |
| Income taxes67/77 | €5k | €8k | €394 | €382 | €1k | ▲ 168% |
| Profit (loss) for the period9904 | €8k | €17k | €-3k | €-29k | €8k | ▲ 128% |
| Profit (loss) for the period to be appropriated9905 | €8k | €17k | €-3k | €-29k | €8k | ▲ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €194k | €216k | €175k | €136k | €144k | ▲ 5.7% |
| Fixed assets21/28 | €63k | €48k | €97k | €62k | €41k | ▼ 34.3% |
| Tangible fixed assets22/27 | €63k | €48k | €97k | €62k | €41k | ▼ 34.3% |
| Land and buildings22 | €19k | €15k | €12k | €8k | €6k | ▼ 25.1% |
| Plant, machinery and equipment23 | €488 | €348 | €4k | €3k | €2k | ▼ 38.8% |
| Furniture and vehicles24 | €44k | €33k | €82k | €52k | €33k | ▼ 35.5% |
| Current assets29/58 | €131k | €167k | €78k | €74k | €103k | ▲ 39.1% |
| Stocks and contracts in progress3 | €11k | €15k | €8k | €5k | €10k | ▲ 113% |
| Stocks30/36 | €9k | €15k | €3k | €5k | €10k | ▲ 113% |
| Contracts in progress37 | €3k | - | €5k | - | - | - |
| Amounts receivable within one year40/41 | €50k | €14k | €14k | €14k | €14k | ▼ 5.9% |
| Trade receivables40 | €37k | €766 | €3k | - | €4k | - |
| Other amounts receivable41 | €12k | €14k | €11k | €14k | €9k | ▼ 36.3% |
| Cash at bank and in hand54/58 | €69k | €138k | €56k | €55k | €80k | ▲ 44.2% |
| Deferred charges and accrued income490/1 | €527 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €194k | €216k | €175k | €136k | €144k | ▲ 5.7% |
| Equity10/15 | €147k | €162k | €157k | €128k | €136k | ▲ 6.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €128k | €143k | €142k | €109k | €118k | ▲ 7.4% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €127k | €142k | €140k | €108k | €116k | ▲ 7.5% |
| Profit (loss) carried forward14 | - | - | €-3k | - | - | - |
| Amounts payable17/49 | €47k | €54k | €18k | €8k | €8k | ▼ 3.6% |
| Amounts payable within one year42/48 | €40k | €54k | €18k | €8k | €8k | ▼ 3.6% |
| Trade debts44 | €10k | €37k | €5k | €6k | €5k | ▼ 15.9% |
| Suppliers440/4 | €10k | €37k | €5k | €6k | €5k | ▼ 15.9% |
| Taxes, remuneration and social security45 | €16k | €15k | €10k | €2k | €3k | ▲ 27.9% |
| Taxes450/3 | €12k | €15k | €10k | €2k | €3k | ▲ 27.9% |
| Remuneration and social security454/9 | €3k | - | - | - | - | - |
| Other amounts payable47/48 | €14k | €1k | €3k | - | - | - |
| Accrued charges and deferred income492/3 | €7k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €17k | €-3k | €-29k | €8k | ▲ 128% |
| + Depreciation and write-downs630 | €24k | €18k | €33k | €26k | €21k | ▼ 19.3% |
| Operating cash flow (approximation) | €32k | €35k | €29k | €-3k | €29k | ▲ 1,231% |
| Investment in fixed assets (approximation) | - | €-3k | €-82k | €9k | €0 | ▼ 100% |
| Change in cash | - | €69k | €-82k | €-943 | €24k | ▲ 2,687% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 8.94
Current ratio from 4.25 to 8.94; short-term debt falls from €18k to €8k.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Highest result since 2018net €17k ▲115%
Operating result €25k, net result €17k, both a record.
31-12
Financial
Equity above €150kEq €162k ▲10.2%
3 profitable years in a row build equity to €162k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
Show earlier events
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Riemst · 1 establishment unit since 2007
Ground area
3,125 m²
Building footprint
303 m²
Volume, LiDAR
1,009 m³
Parcel 73086B0346/00G000, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HULS
since 20072.160.384.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73086B0346/00G000 | Flanders | 3,125 m² | 1 · 303 m² | 8.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
RAMEN EN DEUREN BRUSSELMANS
BE 0722.935.258
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BE 0635.556.866
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SCHUERMANS DESIGNBOUW
BE 0884.873.689
Maasmechelen · Eq €136,218
REVO BV
BE 0560.756.505
Kapellen · Eq €136,223
DM INTERIOR
BE 0744.812.817
Rijkevorsel · Eq €135,991
Of 20,028 companies in sector 43320 we hold annual accounts for 9,133. 7,670 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43230Insulation installation
43240Other construction installation
43310Plastering work
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.