HV Building
ActiveHV Building has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €55k and a net result of €15k. Equity is growing by ~40% per year across the filed fiscal years. Its solvency ranks better than 52% of 19344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
89
/ 100
Excellent▲ +33 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+72
Solvency63▲+35
Growth78▲+26
Stability94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.2 in 2023), and 66.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
33.5%
Return on assets
9.1%
Age of the figures
20 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 30-09-2025, 61 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
19 d early
2021
26 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€55k▲ 37.5%
2023 · €40k
2021: €7k
2022: €38k
2023: €40k
2021 → 2024
Total assets
€164k▼ 21.0%
2023 · €207k
2021: €18k
2022: €80k
2023: €207k
2021 → 2024
Net result
€15k▲ 569%
2023 · €2k
2021: €4k
2022: €31k
2023: €2k
2021 → 2024
Working capital
€41k▲ 55.9%
2023 · €26k
2021: €-573
2022: €29k
2023: €26k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€7k-€38k▲ 461%€40k▲ 5.9%€55k▲ 37.5%
Operating result€5k-€42k▲ 742%€5k▼ 88.2%€24k▲ 393%
Net result€4k-€31k▲ 733%€2k▼ 92.8%€15k▲ 569%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 393% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €164k
Fixed assets
€37k▼ 23.7%
Current assets
€127k▼ 20.2%
Equity and liabilities €164k
Equity
€55k▲ 37.5%
Debt
€109k▼ 34.9%
The debt ratio falls from 80.8% to 66.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€36k▲
2023 · €12k
Cash flow
€27k▲
2023 · €10k
Solvency
33.5%▲
2023 · 19.2%
Current ratio
1.47▲
2023 · 1.20
Quick ratio
1.41▲
2023 · 0.93
Debt / equity
1.99▼
2023 · 4.20
ROE
27.3%▲
2023 · 5.6%
ROA
9.1%▲
2023 · 1.1%
Interest coverage
11.11▲
2023 · 5.92
Debt
€109k▼
2023 · €168k
Debt ≤ 1 year
€86k▼
2023 · €133k
Debt > 1 year
€22k▼
2023 · €33k
Income taxes
€6k▲
2023 · €773
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€207k€164k▼
Fixed assets21/28€48k€37k▼
Tangible fixed assets22/27€47k€35k▼
Plant, machinery and equipment23€31k€24k▼
Furniture and vehicles24€15k€11k▼
Financial fixed assets28€2k€2k=
Current assets29/58€159k€127k▼
Stocks and contracts in progress3€35k€6k▼
Stocks30/36€4k-
Contracts in progress37€31k€6k▼
Amounts receivable within one year40/41€113k€119k▲
Trade receivables40€104k€59k▼
Other amounts receivable41€9k€61k▲
Cash at bank and in hand54/58€10k€1k▼
Deferred charges and accrued income490/1€824€963▲
Equity and liabilities
Total equity and liabilities10/49€207k€164k▼
Equity10/15€40k€55k▲
Contributions10/11€3k€3k=
Reserves13€37k€52k▲
Distributable reserves133€37k€52k▲
Amounts payable17/49€168k€109k▼
Amounts payable after more than one year17€33k€22k▼
Financial debts170/4€33k€22k▼
Amounts payable within one year42/48€133k€86k▼
Current portion of amounts payable after more than one year42€11k€11k▲
Trade debts44€108k€67k▼
Suppliers440/4€108k€67k▼
Taxes, remuneration and social security45€11k€7k▼
Taxes450/3€11k€7k▼
Other amounts payable47/48€3k€805▼
Accrued charges and deferred income492/3€1k€590▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€12k▲
Other operating charges640/8€848€3k▲
Gross operating margin9900€13k€39k▲
Operating profit (loss)9901€5k€24k▲
Financial income75/76B€119€129▲
Recurring financial income75€119€129▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€3k€21k▲
Income taxes67/77€773€6k▲
Profit (loss) for the period9904€2k€15k▲
Profit (loss) for the period to be appropriated9905€2k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€15k▲
Transfer to equity691/2€2k€15k▲
To other reserves6921€2k€15k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €2k ▼92.8%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €31k ▲733%
Operating result €42k, net result €31k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brugge · 1 establishment unit since 2021
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.
Koning Albert I-laan 1628200 BruggeGround area
1,499 m²
Building footprint
637 m²
Volume, LiDAR
3,519 m³
2 parcels, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HV Building
since 20212.320.360.952
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0423/00A007 | Flanders | 1,134 m² | 1 · 331 m² | 5.6 m · 2 fl. |
| 31434C0216/00P005 | Flanders | 365 m² | 1 · 307 m² | 7.2 m · 2 fl. |
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.
Similar companies · same sector, comparable size
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MATTONI
BE 0665.578.960
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ADDON
BE 0693.958.883
Nazareth-De Pinte · Eq €55k
Herbo Invest
BE 0656.549.052
Brecht · Eq €55k
Of 7,287 companies in sector 68110 we hold annual accounts for 5,353. 3,318 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-05-2021
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
41001General construction of residential buildings
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.