HURDEBISE PHILIPPE
ActiveHURDEBISE PHILIPPE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144k and a net result of €-22k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-7
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 6.82 against 7.75 in 2024), and 16.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
1 d late
2023
29 d late
2022
19 d early
2021
31 d late
2020
23 d late
2019
21 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€144k▼ 13.3%
2024 · €167k
2018: €97k
2019: €109k
2020: €130k
2021: €159k
2022: €164k
2023: €164k
2024: €167k
2018 → 2025
Total assets
€173k▼ 15.6%
2024 · €205k
2018: €224k
2019: €205k
2020: €204k
2021: €216k
2022: €213k
2023: €230k
2024: €205k
2018 → 2025
Net result
€-22k
2024 · €2k
2018: €-3k
2019: €12k
2020: €20k
2021: €30k
2022: €5k
2023: €38
2024: €2k
2018 → 2025
Working capital
€120k▼ 15.3%
2024 · €141k
2018: €89k
2019: €98k
2020: €123k
2021: €144k
2022: €147k
2023: €136k
2024: €141k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€159k-€164k▲ 3.0%€164k=€167k▲ 1.5%€144k▼ 13.3%
Operating result€27k-€4k▼ 86.4%€-1k€2k€-22k
Net result€30k-€5k▼ 84.1%€38▼ 99.2%€2k▲ 6,205%€-22k
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 €22k after €2k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €173k
Fixed assets
€33k▼ 23.1%
Current assets
€140k▼ 13.6%
Equity and liabilities €173k
Equity
€144k▼ 13.3%
Debt
€29k▼ 25.2%
The debt ratio falls from 18.9% to 16.7%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-11k▼
2024 · €17k
Cash flow
€-11k▼
2024 · €17k
Solvency
83.3%▲
2024 · 81.1%
Current ratio
6.82▼
2024 · 7.75
Quick ratio
3.87▲
2024 · 3.77
Debt / equity
0.20▼
2024 · 0.23
ROE
-15.4%▼
2024 · 1.4%
ROA
-12.8%▼
2024 · 1.2%
Interest coverage
-8.73▼
2024 · 10.37
Debt
€29k▼
2024 · €39k
Debt ≤ 1 year
€21k▼
2024 · €21k
Debt > 1 year
€8k▼
2024 · €18k
Income taxes
€7▼
2024 · €314
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€205k€173k▼
Fixed assets21/28€43k€33k▼
Tangible fixed assets22/27€43k€33k▼
Land and buildings22€448€336▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€40k€31k▼
Current assets29/58€162k€140k▼
Stocks and contracts in progress3€83k€61k▼
Stocks30/36€83k€61k▼
Amounts receivable within one year40/41€58k€66k▲
Trade receivables40€1k€11k▲
Other amounts receivable41€57k€55k▼
Cash at bank and in hand54/58€21k€11k▼
Deferred charges and accrued income490/1€152€2k▲
Equity and liabilities
Total equity and liabilities10/49€205k€173k▼
Equity10/15€167k€144k▼
Contributions10/11€19k€19k=
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€140k€117k▼
Amounts payable17/49€39k€29k▼
Amounts payable after more than one year17€18k€8k▼
Financial debts170/4€18k€8k▼
Amounts payable within one year42/48€21k€21k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€3k€1k▼
Taxes450/3€875-
Remuneration and social security454/9€2k€1k▼
Other amounts payable47/48€5k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€11k▼
Other operating charges640/8€5k€3k▼
Gross operating margin9900€23k€-8k▼
Operating profit (loss)9901€2k€-22k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€3k€-22k▼
Income taxes67/77€314€7▼
Profit (loss) for the period9904€2k€-22k▼
Profit (loss) for the period to be appropriated9905€2k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€140k€117k▼
Profit (loss) brought forward from the previous period14P€137k€140k▲
The notes to these accounts (11 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-22k ▼1021%
Net result drops to €-22k, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Liquidity doublescurrent ratio 7.75
Current ratio from 3.79 to 7.75; short-term debt falls from €49k to €21k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €30k ▲47.6%
Operating result €27k, net result €30k, both a record.
31-12
Financial
Equity above €150kEq €159k ▲23.1%
3 profitable years in a row build equity to €159k.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-12
Financial
Equity above €100kEq €109k ▲12.8%
Equity rises from €97k to €109k.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
27-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Vielsalm · 1 establishment unit since 2002
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.
Route de Rencheux 26690 VielsalmGround area
1,576 m²
Building footprint
186 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue de la Salm 45, 6690 Vielsalm
since 20022.094.757.362
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82032E0495/00V000 | Wallonia | 1,127 m² | 1 · 76 m² | - |
| 82032E0576/00V004 | Wallonia | 449 m² | 1 · 111 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ERNESTO SLAVIERO
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Of 9,478 companies in sector 43222 we hold annual accounts for 5,625. 4,872 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-05-2002
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.