HVH
ActiveThe computed 12-month bankruptcy probability of HVH is 1.9% (moderate). The 2025 annual accounts show equity of €25k and a net result of €-3k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 1887 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-9
Solvency60▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.11 in 2024; short-term debt: 24.5% and cash: 1% of total assets), and 64.6% 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.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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 2025Solvency, return and age of the figures
Solvency
35.4%
Return on assets
-4.5%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
8 d early
2024
17 d early
2023
51 d early
2022
32 d early
2021
40 d early
2020
44 d early
2019
30 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▼ 11.3%
2024 · €28k
2019: €18k
2020: €22k
2021: €29k
2022: €52k
2023: €26k
2024: €28k
2019 → 2025
Total assets
€71k▲ 2.0%
2024 · €70k
2019: €47k
2020: €51k
2021: €50k
2022: €81k
2023: €103k
2024: €70k
2019 → 2025
Net result
€-3k
2024 · €2k
2019: €5k
2020: €4k
2021: €7k
2022: €23k
2023: €17k
2024: €2k
2019 → 2025
Working capital
€5k▲ 30.2%
2024 · €4k
2019: €-3k
2020: €-10k
2021: €-2k
2022: €9k
2023: €-7k
2024: €4k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€29k-€52k▲ 80.6%€26k▼ 49.3%€28k▲ 7.6%€25k▼ 11.3%
Operating result€9k-€28k▲ 200%€22k▼ 22.7%€4k▼ 82.7%€-2k
Net result€7k-€23k▲ 225%€17k▼ 27.5%€2k▼ 88.1%€-3k
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 €2k after €4k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71k
Fixed assets
€49k▲ 55.9%
Current assets
€22k▼ 41.9%
Equity and liabilities €71k
Equity
€25k▼ 11.3%
Debt
€46k▲ 11.1%
The debt ratio rises from 59.3% to 64.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10k▼
2024 · €18k
Cash flow
€9k▼
2024 · €16k
Solvency
35.4%▼
2024 · 40.7%
Current ratio
1.28▲
2024 · 1.11
Quick ratio
1.02▲
2024 · 0.74
Debt / equity
1.83▲
2024 · 1.46
ROE
-12.7%▼
2024 · 7.0%
ROA
-4.5%▼
2024 · 2.9%
Interest coverage
8.13▼
2024 · 15.83
Debt
€46k▲
2024 · €41k
Debt ≤ 1 year
€17k▼
2024 · €35k
Debt > 1 year
€28k▲
2024 · €7k
Income taxes
€0▼
2024 · €647
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€70k€71k▲
Fixed assets21/28€31k€49k▲
Intangible fixed assets21€6k€5k▼
Tangible fixed assets22/27€25k€44k▲
Plant, machinery and equipment23€9k€4k▼
Furniture and vehicles24€16k€40k▲
Current assets29/58€38k€22k▼
Stocks and contracts in progress3€13k€5k▼
Contracts in progress37€13k€5k▼
Amounts receivable within one year40/41€2k€17k▲
Trade receivables40€2k€9k▲
Other amounts receivable41-€8k
Cash at bank and in hand54/58€22k€718▼
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€70k€71k▲
Equity10/15€28k€25k▼
Contributions10/11€20k€20k=
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€0€-3k▼
Amounts payable17/49€41k€46k▲
Amounts payable after more than one year17€7k€28k▲
Financial debts170/4€7k€28k▲
Amounts payable within one year42/48€35k€17k▼
Current portion of amounts payable after more than one year42€5k€8k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€5k€5k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€20k€0▼
Accrued charges and deferred income492/3-€350
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€12k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€19k€12k▼
Operating profit (loss)9901€4k€-2k▼
Financial income75/76B-€114
Recurring financial income75-€114
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€3k€-3k▼
Income taxes67/77€647€0▼
Profit (loss) for the period9904€2k€-3k▼
Profit (loss) for the period to be appropriated9905€2k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-3k▼
Transfer from equity791/2€0-
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-3k ▼260%
Net result drops to €-3k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €23k ▲225%
Operating result €28k, net result €23k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wuustwezel · 1 establishment unit since 2019
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.
Duinenstraat (Centrum) 1502990 WuustwezelGround area
1,217 m²
Building footprint
65 m²
Volume, LiDAR
256 m³
Parcel 11682F0086/00D004, Flanders · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HVH
since 20192.283.887.269
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11682F0086/00D004 | Flanders | 1,217 m² | 1 · 65 m² | 4.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 296 EUR awarded · 296 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 296 EUR | 296 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
GLVE
BE 1005.395.003
Stekene · Eq €25k
On Site Machining
BE 0886.400.846
Aartselaar · Eq €25k
NADEX TRADING
BE 0877.208.117
Diksmuide · Eq €25k
SAVEYN
BE 0745.854.477
Evergem · Eq €25k
Crivat
BE 0787.251.604
Hoogstraten · Eq €26k
Of 3,463 companies in sector 25530 we hold annual accounts for 1,656. 822 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-2019
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.