HUNGENAERT
ActiveSummary
HUNGENAERT has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€141,664) and a net result of -€5,944. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.31 in 2024; cash: 94.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Return on assets
-71.6%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€141,664
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
29 d early
2023
28 d late
2022
23 d late
2021
19 d late
2020
89 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 23 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€141,664▼ 4.4%
2024 · -€135,720
Total assets
€8,301▼ 86.3%
2024 · €60,639
Net result
-€5,944
2024 · €110,466
Working capital
-€141,664▼ 4.4%
2024 · -€135,720
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€114,540▲ 24.6%-€71,006▲ 38.0%-€75,819▼ 6.8%€110,883-€5,850
Net result-€117,445below the sector's middle half▲ 22.3%-€72,127below the sector's middle half▲ 38.6%-€81,770below the sector's middle half▼ 13.4%€110,466above the sector's middle half-€5,944below the sector's middle half
Equity-€92,289below the sector's middle half-€164,417below the sector's middle half▼ 78.2%-€246,186below the sector's middle half▼ 49.7%-€135,720below the sector's middle half▲ 44.9%-€141,664below the sector's middle half▼ 4.4%
Total assets€712,770above the sector's middle half▼ 12.2%€621,919above the sector's middle half▼ 12.7%€497,961above the sector's middle half▼ 19.9%€60,639within the sector's middle half▼ 87.8%€8,301below the sector's middle half▼ 86.3%
Debt€805,059▲ 2.3%€786,336▼ 2.3%€744,148▼ 5.4%€196,359▼ 73.6%€149,966▼ 23.6%
Working capital-€449,466below the sector's middle half▼ 20.9%-€487,222below the sector's middle half▼ 8.4%-€534,534below the sector's middle half▼ 9.7%-€135,720below the sector's middle half▲ 74.6%-€141,664below the sector's middle half▼ 4.4%
Solvency-12.9%below the sector's middle half▼ 16.0pp-26.4%below the sector's middle half▼ 13.5pp-49.4%below the sector's middle half▼ 23.0pp-223.8%below the sector's middle half▼ 174.4pp
Current ratio0.44below the sector's middle half▼ 0.090.38below the sector's middle half▼ 0.060.28below the sector's middle half▼ 0.100.31below the sector's middle half▲ 0.030.06below the sector's middle half▼ 0.25
Return on assets (ROA)-16.5%below the sector's middle half▲ 2.1pp-11.6%below the sector's middle half▲ 4.9pp-16.4%below the sector's middle half▼ 4.8pp182.2%above the sector's middle half▲ 198.6pp-71.6%below the sector's middle half▼ 253.8pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,850 after €110,883 in 2024.
Key figures and ratios
Debt ≤ 1 year
€149,966▼
2024 · €196,359
A ratio outside any meaningful range has been withheld (balance sheet total €8,301, equity -€141,664).
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,621 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6,662 | - | - | - |
| Remuneration, social security and pensions62 | €111 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,119 | €34,371 | €32,266 | - | - | - |
| Other operating charges640/8 | €8,214 | €2,406 | €5,863 | €11,907 | €83 | ▼ 99.3% |
| Gross operating margin9900 | -€66,097 | -€34,228 | -€37,689 | €122,789 | -€5,767 | ▼ 105% |
| Operating profit (loss)9901 | -€114,540 | -€71,006 | -€75,819 | €110,883 | -€5,850 | ▼ 105% |
| Financial income75/76B | €41 | €39 | €2 | €185 | - | - |
| Recurring financial income75 | €41 | €39 | €2 | €185 | - | - |
| Financial charges65/66B | €1,294 | €999 | €653 | €602 | €94 | ▼ 84.3% |
| Recurring financial charges65 | €1,294 | €999 | €653 | €602 | €94 | ▼ 84.3% |
| Profit (loss) for the period before taxes9903 | -€115,793 | -€71,966 | -€76,470 | €110,466 | -€5,944 | ▼ 105% |
| Income taxes67/77 | €1,652 | €162 | €5,300 | - | - | - |
| Profit (loss) for the period9904 | -€117,445 | -€72,127 | -€81,770 | €110,466 | -€5,944 | ▼ 105% |
| Profit (loss) for the period to be appropriated9905 | -€117,445 | -€72,127 | -€81,770 | €110,466 | -€5,944 | ▼ 105% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €712,770 | €621,919 | €497,961 | €60,639 | €8,301 | ▼ 86.3% |
| Fixed assets21/28 | €357,176 | €322,805 | €288,347 | - | - | - |
| Tangible fixed assets22/27 | €354,776 | €320,405 | €285,407 | - | - | - |
| Land and buildings22 | €305,832 | €293,681 | €281,529 | - | - | - |
| Plant, machinery and equipment23 | €12,922 | €8,398 | €3,778 | - | - | - |
| Furniture and vehicles24 | €36,023 | €18,326 | €100 | - | - | - |
| Financial fixed assets28 | €2,400 | €2,400 | €2,940 | - | - | - |
| Current assets29/58 | €355,594 | €299,114 | €209,614 | €60,639 | €8,301 | ▼ 86.3% |
| Stocks and contracts in progress3 | €269,918 | €230,958 | €119,367 | - | - | - |
| Stocks30/36 | €269,918 | €230,958 | €119,367 | - | - | - |
| Amounts receivable within one year40/41 | €14,128 | €3,220 | €6,690 | €366 | €438 | ▲ 19.8% |
| Trade receivables40 | €14,082 | €1,703 | €6,573 | €97 | - | - |
| Other amounts receivable41 | €46 | €1,518 | €117 | €269 | €438 | ▲ 62.9% |
| Cash at bank and in hand54/58 | €71,548 | €62,642 | €81,282 | €60,273 | €7,863 | ▼ 87.0% |
| Deferred charges and accrued income490/1 | - | €2,294 | €2,275 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €712,770 | €621,919 | €497,961 | €60,639 | €8,301 | ▼ 86.3% |
| Equity10/15 | -€92,289 | -€164,417 | -€246,186 | -€135,720 | -€141,664 | ▼ 4.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €190,337 | €190,337 | €190,337 | €190,337 | €190,337 | = |
| Non-distributable reserves130/1 | €44,160 | €44,160 | €44,160 | €44,160 | €44,160 | = |
| Reserves not available under the articles1311 | €44,160 | €44,160 | €44,160 | €44,160 | €44,160 | = |
| Distributable reserves133 | €146,177 | €146,177 | €146,177 | €146,177 | €146,177 | = |
| Profit (loss) carried forward14 | -€301,227 | -€373,354 | -€455,124 | -€344,657 | -€350,602 | ▼ 1.7% |
| Amounts payable17/49 | €805,059 | €786,336 | €744,148 | €196,359 | €149,966 | ▼ 23.6% |
| Amounts payable within one year42/48 | €805,059 | €786,336 | €744,148 | €196,359 | €149,966 | ▼ 23.6% |
| Trade debts44 | €5,931 | €1,289 | €621 | - | €2,765 | - |
| Suppliers440/4 | €5,931 | €1,289 | €621 | - | €2,765 | - |
| Taxes, remuneration and social security45 | €12,762 | €3,668 | €11,209 | €61 | €61 | = |
| Taxes450/3 | €12,762 | €3,668 | €11,209 | €61 | €61 | = |
| Other amounts payable47/48 | €786,367 | €781,379 | €732,319 | €196,298 | €147,140 | ▼ 25.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€117,445 | -€72,127 | -€81,770 | €110,466 | -€5,944 | ▼ 105% |
| + Depreciation and write-downs630 | €40,119 | €34,371 | €32,266 | - | - | - |
| Operating cash flow (approximation) | -€77,326 | -€37,756 | -€49,503 | €110,466 | -€5,944 | ▼ 105% |
| Investment in fixed assets (approximation) | - | €0 | €2,191 | - | - | - |
| Change in cash | - | -€8,905 | €18,640 | -€21,009 | -€52,410 | ▼ 149% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
12-06
State Gazette act
Appointment: Annelies Billiet (director)Resignation: Eddy Hungenaert (director) · Registered-office move · Director discharge5 facts ▸
State Gazette act
Appointment: Annelies Billiet (director)
Resignation: Eddy Hungenaert (director) · Registered-office move · Director discharge5 facts ▸
- General meeting, 30-04-2026
- Registered-office move, Izegemsestraat 77 te 8800 Roeselare
- Director appointment, Annelies Billiet (director)
- Director resignation, Eddy Hungenaert (director)
- Director discharge, Eddy Hungenaert (director)
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €110,466
Net result €110,466 after 5 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Weakest financial yearnet -€151,165
Net result drops to -€151,165, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 49 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Annelies Billiet
CurrentDirector · since 30-04-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
11 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2026
Ground area
694 m²
Building footprint
246 m²
Volume, LiDAR
2,019 m³
Parcel 36017A0331/00R000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Applied Insight
since 20262.383.643.059
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A0331/00R000 | Flanders | 694 m² | 1 · 246 m² | 10.9 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Annelies Billiet |
|
| Eddy Hungenaert |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,124 companies in this sector we hold annual accounts for 466. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded24-04-1978
Fiscal year end31-12
Activities, NACEBEL 2025
24100Manufacture of basic metals
47830Retail sale of motorcycles and motorcycle parts and accessories
85599Other education
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43350Other building finishing work
43990Other specialised construction activities
46649Wholesale of other machinery and equipment
64999Other financial services
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418250142
Also
9925:BE0418250142
Registered
13-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.