HV CONSULT
ActiveSummary
HV CONSULT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,388 and a net result of €91,209. Equity is growing by ~40.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+77
Solvency34▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.88 in 2024; short-term debt: 73.8% and cash: 1.5% of total assets), and 91.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
8.7%
Return on assets
10.7%
Age of the figures
10 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 30-06-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
7 d early
2023
8 d early
2022
30 d early
2021
36 d early
2020
27 d early
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 14 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today30-11-2026 close30-06-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€74,388
2024 · -€16,822
Total assets
€855,562▲ 6.1%
2024 · €806,086
Net result
€91,209
2024 · -€90,031
Working capital
-€16,174▲ 78.4%
2024 · -€74,933
Trend over the years
In euros
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,336▲ 0.8%€79,574▲ 191%€87,972▲ 10.6%-€79,167€101,296
Net result€27,211▲ 0.9%€75,092▲ 176%€51,624▼ 31.3%-€90,031€91,209
Equity-€75,034▲ 26.6%€21,586€73,210▲ 239%-€16,822€74,388
Total assets€312,580▲ 39.6%€616,766▲ 97.3%€684,080▲ 10.9%€806,086▲ 17.8%€855,562▲ 6.1%
Debt€387,615▲ 18.9%€595,180▲ 53.5%€610,870▲ 2.6%€822,908▲ 34.7%€781,174▼ 5.1%
Working capital-€86,252▲ 26.4%-€225,889▼ 162%-€170,522▲ 24.5%-€74,933▲ 56.1%-€16,174▲ 78.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €101,296 after a loss of €79,167 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €855,562
Fixed assets
€240,000 =
Current assets
€615,562 ▲ 8.7%
Equity and liabilities €855,562
Equity
€74,388
Debt
€781,174
Debt finances 91.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€101,296▲
2024 · -€75,435
Cash flow
€91,209▲
2024 · -€86,299
Current ratio
0.97▲
2024 · 0.88
Debt to equity
10.50
ROE
122.6%
ROA
10.7%▲
2024 · -11.2%
Interest coverage
10.50▲
2024 · -6.94
Debt ≤ 1 year
€631,736▼
2024 · €641,019
Debt > 1 year
€149,438▼
2024 · €181,888
Income taxes
€441▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 496 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.2%
went bankrupt
3.2%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 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 496 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,743 | €3,743 | €3,743 | €3,732 | €0 | ▼ 100% |
| Other operating charges640/8 | €15,764 | €25,527 | €16,199 | €203,619 | €18,932 | ▼ 90.7% |
| Gross operating margin9900 | €46,843 | €108,843 | €107,913 | €128,184 | €120,228 | ▼ 6.2% |
| Operating profit (loss)9901 | €27,336 | €79,574 | €87,972 | -€79,167 | €101,296 | ▲ 228% |
| Financial income75/76B | €7 | €42 | €0 | - | - | - |
| Recurring financial income75 | €7 | €42 | €0 | - | - | - |
| Financial charges65/66B | €132 | €171 | €17,562 | €10,864 | €9,645 | ▼ 11.2% |
| Recurring financial charges65 | €132 | €171 | €17,562 | €10,864 | €9,645 | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | €27,211 | €79,445 | €70,410 | -€90,031 | €91,651 | ▲ 202% |
| Income taxes67/77 | - | €4,354 | €18,785 | €0 | €441 | - |
| Profit (loss) for the period9904 | €27,211 | €75,092 | €51,624 | -€90,031 | €91,209 | ▲ 201% |
| Profit (loss) for the period to be appropriated9905 | €27,211 | €75,092 | €51,624 | -€90,031 | €91,209 | ▲ 201% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €312,580 | €616,766 | €684,080 | €806,086 | €855,562 | ▲ 6.1% |
| Fixed assets21/28 | €11,217 | €247,475 | €243,732 | €240,000 | €240,000 | = |
| Tangible fixed assets22/27 | €11,217 | €247,475 | €243,732 | €240,000 | €240,000 | = |
| Land and buildings22 | - | €240,000 | €240,000 | €240,000 | €240,000 | = |
| Other tangible fixed assets26 | €11,217 | €7,475 | €3,732 | €0 | - | - |
| Current assets29/58 | €301,363 | €369,291 | €440,348 | €566,086 | €615,562 | ▲ 8.7% |
| Amounts receivable within one year40/41 | €81,909 | €81,909 | €81,909 | €99,883 | €99,883 | = |
| Trade receivables40 | €81,909 | €81,909 | €81,909 | €99,883 | €99,883 | = |
| Cash at bank and in hand54/58 | €26,120 | €1,171 | €10,680 | €29,870 | €12,551 | ▼ 58.0% |
| Deferred charges and accrued income490/1 | €193,334 | €286,212 | €347,759 | €436,333 | €503,127 | ▲ 15.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €312,580 | €616,766 | €684,080 | €806,086 | €855,562 | ▲ 6.1% |
| Equity10/15 | -€75,034 | €21,586 | €73,210 | -€16,822 | €74,388 | ▲ 542% |
| Contributions10/11 | €7,605 | €7,605 | €7,605 | €7,605 | €7,605 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€84,640 | €11,980 | €63,605 | -€26,427 | €64,782 | ▲ 345% |
| Amounts payable17/49 | €387,615 | €595,180 | €610,870 | €822,908 | €781,174 | ▼ 5.1% |
| Amounts payable after more than one year17 | - | - | - | €181,888 | €149,438 | ▼ 17.8% |
| Financial debts170/4 | - | - | - | €181,888 | €149,438 | ▼ 17.8% |
| Amounts payable within one year42/48 | €387,615 | €595,180 | €610,870 | €641,019 | €631,736 | ▼ 1.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €30,968 | €32,450 | ▲ 4.8% |
| Financial debts43 | - | €240,000 | €240,000 | €0 | - | - |
| Credit institutions430/8 | - | €240,000 | €240,000 | €0 | - | - |
| Trade debts44 | €21,528 | €9,741 | €10,998 | €18,965 | €4,008 | ▼ 78.9% |
| Suppliers440/4 | €21,528 | €9,741 | €10,998 | €18,965 | €4,008 | ▼ 78.9% |
| Taxes, remuneration and social security45 | - | €4,354 | €18,785 | €0 | €441 | - |
| Taxes450/3 | - | €4,354 | €18,785 | €0 | €441 | - |
| Other amounts payable47/48 | €366,086 | €341,086 | €341,086 | €591,086 | €594,836 | ▲ 0.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,211 | €75,092 | €51,624 | -€90,031 | €91,209 | ▲ 201% |
| + Depreciation and write-downs630 | €3,743 | €3,743 | €3,743 | €3,732 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €30,953 | €78,834 | €55,367 | -€86,299 | €91,209 | ▲ 206% |
| Investment in fixed assets (approximation) | - | -€240,000 | €0 | €0 | €0 | - |
| Change in cash | - | -€24,949 | €9,509 | €19,190 | -€17,319 | ▼ 190% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-11
Financial
Back to profitnet €91,209
Net result €91,209 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-11
Financial
Weakest financial yearnet -€90,031
Net result drops to -€90,031, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 7 days late
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Halle · 1 establishment unit since 2000
Ground area
5,045 m²
Building footprint
1,950 m²
Volume, LiDAR
15,801 m³
2 parcels, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Edingensesteenweg 719, 1502 Halle
since 20002.131.984.774
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027M0120/00L002 | Flanders | 4,640 m² | 1 · 1,861 m² | 9.7 m · 3 fl. |
| 23043B0554/00L005 | Flanders | 404 m² | 1 · 88 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded19-07-2000
Fiscal year end30-11
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472430382
Registered
28-12-2025
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.