HUMPELEX
ActiveSummary
HUMPELEX has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.4m and a net result of €464,456. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 1740 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 3.99 against 4.66 in 2023; short-term debt: 22.1% and cash: 66.8% of total assets), and 24.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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 2024Solvency, return and age of the figures
Solvency
75.1%
Return on assets
14.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 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
not confirmed
2024
76 d late
2023
68 d late
2022
379 d late
2021
325 d late
2020
184 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 192 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€464,456▲ 17.1%
2023 · €396,542
Working capital
€2.1m▲ 16.2%
2023 · €1.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€392,963▲ 89.3%€593,733▲ 51.1%€609,659▲ 2.7%€598,170▼ 1.9%€704,339▲ 17.7%
Net result€194,167above the sector's middle half▲ 40.3%€397,093above the sector's middle half▲ 105%€403,363above the sector's middle half▲ 1.6%€396,542above the sector's middle half▼ 1.7%€464,456above the sector's middle half▲ 17.1%
Equity€1.0mabove the sector's middle half▲ 23.9%€1.4mabove the sector's middle half▲ 39.5%€1.8mabove the sector's middle half▲ 28.8%€2.2mabove the sector's middle half▲ 22.0%€2.4mabove the sector's middle half▲ 9.0%
Total assets€1.5mabove the sector's middle half▲ 15.6%€1.9mwithin the sector's middle half▲ 30.8%€2.4mwithin the sector's middle half▲ 23.8%€2.7mabove the sector's middle half▲ 15.0%€3.2mabove the sector's middle half▲ 17.6%
Debt€454,644▲ 0.7%€507,192▲ 11.6%€558,532▲ 10.1%€516,741▼ 7.5%€795,298▲ 53.9%
Working capital€749,893▲ 26.1%€1.2m▲ 58.8%€1.5m▲ 27.1%€1.8m▲ 19.9%€2.1m▲ 16.2%
Solvency68.9%within the sector's middle half▲ 4.6pp73.4%above the sector's middle half▲ 4.6pp76.4%above the sector's middle half▲ 2.9pp81.0%above the sector's middle half▲ 4.6pp75.1%above the sector's middle half▼ 5.9pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Net result +105% on 2020. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 18% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.2m
Fixed assets
€381,595 ▼ 6.7%
Current assets
€2.8m ▲ 21.9%
Equity and liabilities €3.2m
Equity
€2.4m ▲ 9.0%
Debt
€795,298 ▲ 53.9%
Debt's share of the balance-sheet total rises from 19.0% to 24.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€731,614▲
2023 · €628,899
Cash flow
€491,731▲
2023 · €427,271
Current ratio
3.99▼
2023 · 4.66
Debt to equity
0.33▲
2023 · 0.23
ROE
19.3%▲
2023 · 18.0%
ROA
14.5%▼
2023 · 14.6%
Interest coverage
101.65▲
2023 · 63.98
Debt ≤ 1 year
€706,489▲
2023 · €495,423
Income taxes
€234,195▲
2023 · €195,688
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,792 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,514 | €22,514 | €24,678 | €30,729 | €27,274 | ▼ 11.2% |
| Other operating charges640/8 | - | €3,833 | €5,821 | €4,028 | €3,635 | ▼ 9.8% |
| Gross operating margin9900 | €419,205 | €620,080 | €640,159 | €632,927 | €735,249 | ▲ 16.2% |
| Operating profit (loss)9901 | €392,963 | €593,733 | €609,659 | €598,170 | €704,339 | ▲ 17.7% |
| Financial income75/76B | - | €3,437 | €1,647 | €3,890 | €1,509 | ▼ 61.2% |
| Recurring financial income75 | €8,924 | €3,437 | €1,647 | €3,890 | €1,509 | ▼ 61.2% |
| Financial charges65/66B | - | €5,629 | €8,272 | €9,829 | €7,198 | ▼ 26.8% |
| Recurring financial charges65 | €85,746 | €5,629 | €8,272 | €9,829 | €7,198 | ▼ 26.8% |
| Profit (loss) for the period before taxes9903 | €316,141 | €591,541 | €603,035 | €592,230 | €698,651 | ▲ 18.0% |
| Income taxes67/77 | €121,973 | €194,448 | €199,671 | €195,688 | €234,195 | ▲ 19.7% |
| Profit (loss) for the period9904 | €194,167 | €397,093 | €403,363 | €396,542 | €464,456 | ▲ 17.1% |
| Profit (loss) for the period to be appropriated9905 | €194,167 | €397,093 | €403,363 | €396,542 | €464,456 | ▲ 17.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.9m | €2.4m | €2.7m | €3.2m | ▲ 17.6% |
| Fixed assets21/28 | €354,646 | €332,132 | €352,417 | €408,870 | €381,595 | ▼ 6.7% |
| Tangible fixed assets22/27 | €353,551 | €331,037 | €351,212 | €406,695 | €379,420 | ▼ 6.7% |
| Land and buildings22 | - | €314,347 | €300,178 | €286,010 | €271,842 | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €229 | €42,803 | €120,684 | €107,578 | ▼ 10.9% |
| Furniture and vehicles24 | - | €16,462 | €8,231 | - | - | - |
| Financial fixed assets28 | €1,095 | €1,095 | €1,205 | €2,175 | €2,175 | = |
| Current assets29/58 | €1.1m | €1.6m | €2.0m | €2.3m | €2.8m | ▲ 21.9% |
| Amounts receivable within one year40/41 | €31,110 | €110 | €26,613 | €80,492 | €165,192 | ▲ 105% |
| Trade receivables40 | - | €110 | €1,749 | - | €4,572 | - |
| Other amounts receivable41 | - | - | €24,863 | €80,492 | €160,620 | ▲ 99.5% |
| Current investments50/53 | €338,386 | €356,562 | €394,386 | €454,386 | €514,386 | ▲ 13.2% |
| Cash at bank and in hand54/58 | €735,831 | €1.2m | €1.6m | €1.8m | €2.1m | ▲ 20.3% |
| Deferred charges and accrued income490/1 | - | €646 | €1,372 | €1,778 | €1,947 | ▲ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.9m | €2.4m | €2.7m | €3.2m | ▲ 17.6% |
| Equity10/15 | €1.0m | €1.4m | €1.8m | €2.2m | €2.4m | ▲ 9.0% |
| Contributions10/11 | - | €105,550 | €105,550 | €105,550 | €105,550 | = |
| Reserves13 | €343,726 | €740,819 | €1.1m | €1.5m | €1.7m | ▲ 12.9% |
| Non-distributable reserves130/1 | - | €11,175 | €11,175 | - | - | - |
| Reserves not available under the articles1311 | - | €11,175 | €11,175 | - | - | - |
| Distributable reserves133 | - | €729,644 | €1.1m | €1.5m | €1.7m | ▲ 12.9% |
| Profit (loss) carried forward14 | €556,501 | €556,501 | €556,501 | €556,501 | €556,501 | = |
| Amounts payable17/49 | €454,644 | €507,192 | €558,532 | €516,741 | €795,298 | ▲ 53.9% |
| Amounts payable after more than one year17 | €90,476 | €55,100 | €22,040 | - | - | - |
| Financial debts170/4 | - | €55,100 | €22,040 | - | - | - |
| Amounts payable within one year42/48 | €355,883 | €386,941 | €498,275 | €495,423 | €706,489 | ▲ 42.6% |
| Current portion of amounts payable after more than one year42 | - | €38,131 | €35,815 | €24,795 | - | - |
| Financial debts43 | - | €223 | - | - | €194 | - |
| Credit institutions430/8 | - | €223 | - | - | €194 | - |
| Trade debts44 | €5,727 | €864 | €5,296 | €4,836 | €7,381 | ▲ 52.6% |
| Suppliers440/4 | - | €864 | €5,296 | €4,836 | €7,381 | ▲ 52.6% |
| Taxes, remuneration and social security45 | - | €338,929 | €457,164 | €465,792 | €433,754 | ▼ 6.9% |
| Taxes450/3 | - | €331,366 | €439,959 | €458,451 | €433,754 | ▼ 5.4% |
| Remuneration and social security454/9 | - | €7,562 | €17,205 | €7,341 | - | - |
| Other amounts payable47/48 | - | €8,795 | - | - | €265,160 | - |
| Accrued charges and deferred income492/3 | - | €65,150 | €38,217 | €21,318 | €88,809 | ▲ 317% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €194,167 | €397,093 | €403,363 | €396,542 | €464,456 | ▲ 17.1% |
| + Depreciation and write-downs630 | €22,514 | €22,514 | €24,678 | €30,729 | €27,274 | ▼ 11.2% |
| Operating cash flow (approximation) | €216,681 | €419,606 | €428,041 | €427,271 | €491,731 | ▲ 15.1% |
| Investment in fixed assets (approximation) | - | €0 | -€44,963 | -€87,181 | €0 | ▲ 100% |
| Change in cash | - | €484,779 | €369,367 | €184,013 | €360,259 | ▲ 95.8% |
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
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 76 days late
2024
31-12
Financial
Highest result since 2018net €464,456 ▲17.1%
Operating result €704,339, net result €464,456, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 68 days late
13-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 379 days late
2023
31-12
Financial
Equity above €2mEq €2.2m ▲22%
6 profitable years in a row build equity to €2.2m.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 325 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 184 days late
2020
31-12
Financial
Equity above €1mEq €1.0m ▲23.9%
3 profitable years in a row build equity to €1.0m.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-12
Financial
Weakest financial yearnet €138,384 ▼23%
Net result drops to €138,384, the lowest in the series; recovery starts the following year.
05-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 97 days late
2018
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 128 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
02-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 124 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Schaarbeek
Ground area
231 m²
Building footprint
108 m²
Volume, LiDAR
994 m³
Parcel 21903B0305/00N002, Brussels · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0305/00N002 | Brussels | 231 m² | 1 · 108 m² | 13.2 m · 3 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.
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,058. 2,387 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
Founded22-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899396173
Also
9925:BE0899396173
Registered
09-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.