Equity
€472,065 ▲ 11.5%
Hvnv has made a profit without a break since 2015.
Hvnv
Lifetime
17 annual accounts with figures on one time axispeak €216,212 (2024)
€202,360▼ 6.4%
lowest -€3,063 (2009)
€79,696▼ 23.3%
peak €472,065 (2025)
€472,065▲ 11.5%
€524,404▲ 10.9%
peak 0.3 FTE (2020)
-not published
Board1 name since 2015
1 directorVERMEULEN Hugo
Documentsfilings and deeds
24-07-20267 days before the deadline
2025micro format
Dividend €31,108
Key points
from the 2025 annual accountsFilings
17 annual accounts since 2008
Five of the last ten came late. The 2020 accounts came latest: 89 days after the end of the period.
Position in the sector
€472,065
More equity than 95% of companies in telecommunications. Sector median €36,190 · 334 companies.
Checked score
92
Excellent
Financially stronger than 46% of micro companies in telecommunications (NACE 61)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 527 companies (NACE 61, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.4 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Telecommunications (NACE 61)
lowers risk
Size: total assets €996,469
Figures for financial year 2025 (filed on 24-07-2026)
Founded in 2008
Calculation
The band follows from the bankruptcy probability. 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 61, micro). It does better than 55% of them on solvency, 35% on liquidity, 34% on profitability and 61% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as Hvnv has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of Hvnv itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for Hvnv. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.0 (2.08 in 2024), above the usual 1.5. Short-term debt is 38.8% and cash 4.5% of total assets. However, 52.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
13 days late
2023
13 days early
2022
21 days late
2021
30 days late
2020
89 days late
2019
14 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days after the deadline. In the sector (NACE 61), the median for financial year 2024 was on the deadline day, and 47% 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 13 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0896187552
Change of role: VERMEULEN Hugo, from manager to director
Legal-form conversion: from private limited company (pre-2019) to private limited company · Registered office clause: 2570 Duffel Hoogstraat 16 bus 2 · Gazette deed
Algemene Vergadering - Boekjaar
Gazette deed
Incorporation
published on 13-03-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Hvnv Duffel | €1.0m | €202,360 | 47.4% | - |
| PHONYSYS Nivelles | €1.1m | €237,567 | 61.0% | - |
| TECHTRADE Bree | €1.4m | €172,487 | 69.1% | - |
| MOSHI MOSHI Uccle | €0.7m | €246,255 | 43.5% | - |
| TOLLGRADE BELGIUM Temse | €1.4m | €314,415 | 65.7% | 1 |
| EFFORTEL Watermael-Boitsfort | €0.9m | €122,894 | 10.1% | 1 |
| KF TECHNICS Oreye | €1.0m | €135,385 | 44.0% | - |
These companies have the same main activity as Hvnv: wired, wireless and satellite telecommunications (NACE 61100). They are comparable in size and age: total assets between €735,000 and €1.4m, founded between 2004 and 2011.
Official details
Source: KBO- Status
- Active since 04-03-2008Normal situation
- Activity
- Wired, wireless and satellite telecommunicationsNACE 61100and 4 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.169.274.0492570 Duffel, since 03-03-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2025
Annual accounts 2025
- ≈ €510,000estimated
- €996,469▲ 11.2%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on Hvnv
Hvnv files the micro format. That format states no turnover. The gross margin rose from €6,445 in 2008 to €202,360 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Hvnv
- What is the company number of Hvnv?
- The company number of Hvnv is 0896.187.552. The VAT number is the same number with BE in front: BE 0896.187.552.
- Where is Hvnv based?
- The registered office is at Hoogstraat 16, 2570 Duffel.Company details
- What does Hvnv do?
- According to the KBO register, the main activity is wired, wireless and satellite telecommunications (NACE 61100).
- What is the legal form of Hvnv?
- Hvnv is a private limited company (BV).
- When was Hvnv founded?
- Hvnv was founded on 04-03-2008.
- Is Hvnv still active?
- Yes, Hvnv is an active enterprise in the KBO register.
- How many employees does Hvnv have?
- Hvnv had an average of 0.8 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does Hvnv fall under?
- In its 2024 annual accounts, Hvnv states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Hvnv?
- The turnover in financial year 2025 is ≈ €510,000. This figure is estimated from the gross margin of €202,360 and 2,205 comparable companies of the same size. It probably lies between €340,000 and €780,000. It is a rough estimate.
- Is Hvnv profitable?
- In financial year 2025, Hvnv made a profit of €79,696.
- Where can I find the annual accounts of Hvnv?
- Hvnv filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Hvnv due?
- Hvnv must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.