HVcon
ActiveHVcon has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €56k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 31393 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency10▼-90
Growth58▼-20
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 19.61 in 2024), and 99.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
0.6%
Return on assets
17.4%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 31393 sector peers (2025).
NBB · sector comparisonPosition among 31393 sector peers
Solvency
better than 10%
← weakest
strongest →
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 09-03-2026, 144 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
144 d early
2024
55 d early
2023
56 d early
2022
52 d early
2021
62 d early
2020
47 d early
2019
39 d early
← 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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 99.3%
2024 · €276k
2018: €97k
2019: €131k
2020: €20k
2021: €81k
2022: €137k
2023: €202k
2024: €276k
2018 → 2025
Total assets
€325k▲ 12.4%
2024 · €289k
2018: €146k
2019: €166k
2020: €99k
2021: €146k
2022: €159k
2023: €216k
2024: €289k
2018 → 2025
Net result
€56k▼ 23.1%
2024 · €73k
2018: €35k
2019: €34k
2020: €21k
2021: €60k
2022: €76k
2023: €66k
2024: €73k
2018 → 2025
Working capital
€-22k
2024 · €247k
2018: €97k
2019: €125k
2020: €3k
2021: €68k
2022: €125k
2023: €175k
2024: €247k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€137k▲ 69.2%€202k▲ 48.0%€276k▲ 36.2%€2k▼ 99.3%
Operating result€78k-€98k▲ 24.9%€86k▼ 12.1%€95k▲ 10.7%€75k▼ 20.8%
Net result€60k-€76k▲ 26.3%€66k▼ 13.8%€73k▲ 11.7%€56k▼ 23.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €325k
Fixed assets
€40k▲ 41.5%
Current assets
€284k▲ 9.2%
Equity and liabilities €325k
Equity
€2k▼ 99.3%
Debt
€323k▲ 2,331%
The debt ratio rises from 4.6% to 99.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€86k▼
2024 · €102k
Cash flow
€67k▼
2024 · €80k
Solvency
0.6%▼
2024 · 95.4%
Current ratio
0.93▼
2024 · 19.61
Quick ratio
0.93▼
2024 · 19.61
Debt / equity
157.66▲
2024 · 0.05
ROE
2755.5%▲
2024 · 26.6%
ROA
17.4%▼
2024 · 25.4%
Interest coverage
16.04▼
2024 · 35.50
Debt
€323k▲
2024 · €13k
Debt ≤ 1 year
€306k▲
2024 · €13k
Debt > 1 year
€15k
Income taxes
€15k▼
2024 · €19k
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€289k€325k▲
Fixed assets21/28€29k€40k▲
Tangible fixed assets22/27€29k€40k▲
Plant, machinery and equipment23€2k€820▼
Furniture and vehicles24€10k€24k▲
Other tangible fixed assets26€17k€15k▼
Current assets29/58€260k€284k▲
Amounts receivable within one year40/41€40k€35k▼
Trade receivables40€39k€30k▼
Other amounts receivable41€777€5k▲
Cash at bank and in hand54/58€218k€247k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€289k€325k▲
Equity10/15€276k€2k▼
Contributions10/11€186€186=
Reserves13€275k€2k▼
Distributable reserves133€275k€2k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€13k€323k▲
Amounts payable after more than one year17-€15k
Financial debts170/4-€15k
Amounts payable within one year42/48€13k€306k▲
Current portion of amounts payable after more than one year42-€4k
Financial debts43€224€3▼
Credit institutions430/8€224€3▼
Trade debts44€97€659▲
Suppliers440/4€97€659▲
Taxes, remuneration and social security45€12k€20k▲
Taxes450/3€12k€20k▲
Other amounts payable47/48€618€281k▲
Accrued charges and deferred income492/3-€730
Income statement
Code20242025
Non-recurring operating income76A€343€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€10k▲
Other operating charges640/8€661€994▲
Non-recurring operating charges66A€426€9k▲
Gross operating margin9900€103k€95k▼
Operating profit (loss)9901€95k€75k▼
Financial income75/76B€250€2k▲
Recurring financial income75€250€2k▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€93k€72k▼
Income taxes67/77€19k€15k▼
Profit (loss) for the period9904€73k€56k▼
Profit (loss) for the period to be appropriated9905€73k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€56k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€274k
Transfer to equity691/2€73k€0▼
To other reserves6921€73k€0▼
Profit to be distributed694/7-€330k
Return on contributions (dividend)694-€330k
The notes to these accounts (9 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
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €202k ▲48%
6 profitable years in a row build equity to €202k.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €76k ▲26.3%
Operating result €98k, net result €76k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 7.67
Current ratio from 2.09 to 7.67; short-term debt falls from €62k to €19k.
31-12
Financial
Equity above €100kEq €137k ▲69.2%
5 profitable years in a row build equity to €137k.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.09
Current ratio from 1.04 to 2.09; short-term debt falls from €78k to €62k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €21k ▼39.2%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €131k ▲35.6%
2 profitable years in a row build equity to €131k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Nazareth-De Pinte · 1 establishment unit since 2016
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.
Kastanjestraat 119840 Nazareth-De PinteGround area
871 m²
Building footprint
199 m²
Volume, LiDAR
913 m³
Parcel 44012B0565/00N000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HVcon
since 20162.249.060.905
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44012B0565/00N000 | Flanders | 871 m² | 1 · 199 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 82,169 companies in sector 70200 we hold annual accounts for 52,388. 8,514 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
46190Agents in non-specialised wholesale trade
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.