Financials
- Financial year
- 2025
- Total assets
- €441,899
- Profit
- €35,039
- Solvency
- -8.5%
Total assets▲ 202%
Net result
20182025
HVG IMMO
ActiveSummary
HVG IMMO has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€37,348) and a net result of €35,039. Equity is shrinking by about 26% per year across the filed financial years. Its solvency ranks better than 26% of 198 sector peers (NACE 14, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Activity
Manufacture of wearing apparel
NACE 14291
1 site
Size
€441,899total assets 2025
- Equity
- -€37,348
- Profit
- €35,039
Turnover not published (abbreviated or micro format)
Structure
- HVG managementDirector · permanent representative Benny VAN HEULE
2025 accounts 50 days early3 of 4 deeds summarised
Why 56raises riskCapped at 59: negative equityNegative equity -€37,3481 of the last 3 latelowers riskSize: total assets €441,899Founded in 1994Show the evidence
Checked score
Score 2025
56
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 50% of its sector peers (NACE 14, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
17+17
equity -8.5% of total assets
Liquidity
36+31
short-term debt 33.2% · cash 0.8%
Profitability
58+58
return on assets 7.9%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%lowest value
12-2024: 0.4%● unchanged vs 11-2024lowest value
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.5%▲ +0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.3 percentage points vs 07-2025
09-2025: 1.2%▲ +0.3 percentage points vs 08-2025
10-2025: 3.8%▲ +2.6 percentage points vs 09-2025highest value
11-2025: 3.8%● unchanged vs 10-2025highest value
12-2025: 3.8%● unchanged vs 11-2025highest value
01-2026: 2.0%▼ -1.8 percentage points vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 1.9%▼ -0.1 percentage points vs 02-2026
04-2026: 1.9%● unchanged vs 03-2026
05-2026: 1.9%● unchanged vs 04-2026
06-2026: 1.9%● unchanged vs 05-2026
07-2026: 0.5%▼ -1.4 percentage points vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.05, compared with 0.14 in 2024, below 1; short-term debt: 33.2% and cash: 0.8% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 14, micro): better than 24% on solvency, 41% on liquidity, 52% on profitability and 84% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 days early
2024
31 days late
2023
29 days late
2022
30 days late
2021
48 days early
2020
152 days late
2019
115 days 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 37 days after the deadline; the sector median (NACE 14) for financial year 2024 is 6 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 filed years within 78 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €35,039
- NameName change · Purpose change…
Key points
By topic
Board & ownership
- Board
- 1 member
- HVG managementDirector
Timeline
- Events
- 37
- Since
- 1996
- Next accounts
- by 31-07-2027
- 31-08-2025Annual accounts filed
- 23-05-2025Resignations: Sibylle DE CLERCQ (director) and Bénédicte…
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of wearing apparelNACE 14291
- Founded
- 21-12-1994
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 32
- Who signs
- Each director alone
- Annual meeting
- First Saturday of June at 15:00
- Purpose
- “1/Het beheren van handel in eigen onroerend goed: woningen voor niet bewoning bestemde…” (deed in Dutch)
Key facts about HVG IMMO
- What is the company number of HVG IMMO?
- 0454.023.445. In Belgium the VAT number is the company number with BE in front: BE 0454.023.445.
- Where is HVG IMMO based?
- The registered office is at Venecoweg 3, 9810 Nazareth-De Pinte.Company details
- What does HVG IMMO do?
- According to the KBO register, the main activity is manufacture of wearing apparel (NACE 14291).
- What is the legal form of HVG IMMO?
- Private limited company (BV).
- When was HVG IMMO founded?
- On 21-12-1994.
- Is HVG IMMO still active?
- Yes, HVG IMMO is an active enterprise in the KBO register.
- How many employees does HVG IMMO have?
- On average 0.9 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of HVG IMMO?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is HVG IMMO profitable?
- In financial year 2025, HVG IMMO made a profit of €35,039.
- Where can I find the annual accounts of HVG IMMO?
- HVG IMMO filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HVG IMMO due?
- By 31-07-2027, for financial year 2026.Timeline
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