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HULSHOEK

Active
Private limited companyfounded 20214 yrs activeKBO/BCE: BE 0777.914.066
Summary

HULSHOEK has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€47,009) and a net result of -€573. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 16752 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisWatch ReportCompare
HULSHOEKActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
Size
€31,150total assets 2025
Equity
-€47,009
Loss
-€573
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
1.4%
Structure
Accounts 2 d early0 of 2 deeds read
Why 54Capped at 59: negative equity- Liquidity: current ratio 60.83, cash €25, halved- Negative equity -€47,009+ Sector Real estate activities (NACE 68)+ Size: total assets €31,150Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 31% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -150.9% of total assets
Liquidity 50=
short-term debt 0.1% · cash 0.1%
Profitability 33+28
return on assets -1.8%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,530 companies)
Last 24 months 11-2024: 2.9% 12-2024: 2.9%▼ -0.6% vs 11-2024 01-2025: 2.8%▼ -1.4% vs 12-2024 02-2025: 3.3%▲ +17.0% vs 01-2025highest value 03-2025: 1.6%▼ -52.4% vs 02-2025 04-2025: 1.6%● 0.0% vs 03-2025 05-2025: 1.6%● 0.0% vs 04-2025 06-2025: 1.6%● 0.0% vs 05-2025 07-2025: 1.6%● 0.0% vs 06-2025 08-2025: 1.4%▼ -8.7% vs 07-2025 09-2025: 1.4%▲ +0.1% vs 08-2025 10-2025: 1.5%▲ +2.9% vs 09-2025 11-2025: 1.5%▲ +2.5% vs 10-2025 12-2025: 1.5%▼ -1.9% vs 11-2025 01-2026: 1.5%▲ +0.7% vs 12-2025 02-2026: 1.3%▼ -15.5% vs 01-2026lowest value 03-2026: 1.3%● 0.0% vs 02-2026lowest value 04-2026: 1.3%▲ +2.6% vs 03-2026 05-2026: 1.3%● 0.0% vs 04-2026 06-2026: 1.3%● 0.0% vs 05-2026 07-2026: 1.3%● 0.0% vs 06-2026 08-2026: 1.3%● 0.0% vs 07-2026 09-2026: 1.3%▲ +1.8% vs 08-2026 10-2026: 1.4%▲ +5.5% vs 09-2026
  • Sector Real estate activities (NACE 68) lowers the probability
  • Liquidity: current ratio 60.83, cash €25, halved raises the probability
  • Negative equity -€47,009 raises the probability
  • Size: total assets €31,150 lowers the probability for this profile
No credit on open account
Liquidity ample (current ratio 60.83 against 0.61 in 2024; short-term debt: 0.1% and cash: 0.1% of total assets), but equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 5%, liquidity 51%, profitability 28%, growth against the median 41%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Liquidity: current ratio 60.83, cash €25, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity -€47,009
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €31,150
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
232425
2023 to 2025 · latest year -€47,009
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
2 d early
2024
11 d late
2023
59 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 11 February (3 of the last 3 filed years within 48 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close05-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. General meeting · Director appointmentDirector resignation · Permanent representative
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Liquidity times 100current ratio 60.83

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€47,009 View
  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€573 View
  • Caution: Among the weakest 5% on solvencysector median 29.4% · 16,752 companies -150.9% View

By topic

Financials

Fiscal year
2025
Total assets
€31,150
Loss
-€573
Solvency
-150.9%
Go to Financials

Timeline

Events
7
Since
2024
Next accounts
by 31-01-2027
  1. 14-09-2026General meeting · Director appointment
  2. 29-01-2026Annual accounts filed
  3. 30-06-2025Liquidity times 100
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Development of residential building projectsNACE 68121
Founded
01-12-2021
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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