HVR ORTHO
ActiveHVR ORTHO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.16M and a net result of €225k. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 16424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▼-3
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 93.04 against 80.97 in 2024), and 1% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
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
99%
Return on assets
19.2%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
19 d late
2020
23 d late
2019
12 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.16M▲ 21.4%
2024 · €954k
2018: €198k
2019: €272k
2020: €211k
2021: €352k
2022: €541k
2023: €753k
2024: €954k
2018 → 2025
Total assets
€1.17M▲ 21.3%
2024 · €965k
2018: €213k
2019: €279k
2020: €265k
2021: €414k
2022: €648k
2023: €818k
2024: €965k
2018 → 2025
Net result
€225k▼ 8.3%
2024 · €245k
2018: €9k
2019: €74k
2020: €50k
2021: €175k
2022: €189k
2023: €212k
2024: €245k
2018 → 2025
Working capital
€1.06M▲ 28.4%
2024 · €828k
2018: €168k
2019: €250k
2020: €197k
2021: €335k
2022: €445k
2023: €665k
2024: €828k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€352k-€541k▲ 53.8%€753k▲ 39.2%€954k▲ 26.8%€1.16M▲ 21.4%
Operating result€251k-€257k▲ 2.4%€296k▲ 14.8%€341k▲ 15.5%€326k▼ 4.6%
Net result€175k-€189k▲ 7.9%€212k▲ 11.9%€245k▲ 15.7%€225k▼ 8.3%
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 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€96k▼ 23.9%
Current assets
€1.07M▲ 28.1%
Equity and liabilities €1.17M
Equity
€1.16M▲ 21.4%
Debt
€12k▲ 11.5%
The debt ratio falls from 1.1% to 1.0%: equity grows faster than debt.
Key figures and ratios
EBITDA
€362k▼
2024 · €370k
Cash flow
€261k▼
2024 · €274k
Solvency
99.0%▲
2024 · 98.9%
Current ratio
93.04▲
2024 · 80.97
Quick ratio
93.04▲
2024 · 80.97
Debt / equity
0.01▼
2024 · 0.01
ROE
19.4%▼
2024 · 25.7%
ROA
19.2%▼
2024 · 25.4%
Interest coverage
435.90▲
2024 · 387.91
Debt
€12k▲
2024 · €10k
Debt ≤ 1 year
€12k▲
2024 · €10k
Income taxes
€115k▲
2024 · €102k
Staff costs
€2k▼
2024 · €3k
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€965k€1.17M▲
Fixed assets21/28€126k€96k▼
Tangible fixed assets22/27€125k€95k▼
Plant, machinery and equipment23€1k€648▼
Furniture and vehicles24€77k€55k▼
Other tangible fixed assets26€46k€39k▼
Financial fixed assets28€1k€1k=
Current assets29/58€838k€1.07M▲
Amounts receivable within one year40/41€109k€86k▼
Trade receivables40€75k€63k▼
Other amounts receivable41€34k€23k▼
Current investments50/53€450k€403k▼
Cash at bank and in hand54/58€279k€585k▲
Deferred charges and accrued income490/1€243€643▲
Equity and liabilities
Total equity and liabilities10/49€965k€1.17M▲
Equity10/15€954k€1.16M▲
Contributions10/11€19k€19k=
Reserves13€936k€1.14M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€253k€168k▼
Distributable reserves133€681k€970k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€10k€12k▲
Amounts payable within one year42/48€10k€12k▲
Trade debts44€2k€110▼
Suppliers440/4€2k€110▼
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Remuneration and social security454/9€271€0▼
Other amounts payable47/48€6k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€3k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€36k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€376k€367k▼
Operating profit (loss)9901€341k€326k▼
Financial income75/76B€7k€15k▲
Recurring financial income75€7k€15k▲
Financial charges65/66B€954€830▼
Recurring financial charges65€954€830▼
Profit (loss) for the period before taxes9903€347k€340k▼
Income taxes67/77€102k€115k▲
Profit (loss) for the period9904€245k€225k▼
Transfer from tax-exempt reserves789-€168k
Transfer to tax-exempt reserves689€84k€84k=
Profit (loss) for the period to be appropriated9905€161k€309k▲
Appropriation of the result
Profit (loss) to be appropriated9906€161k€309k▲
Transfer from equity791/2€43k€20k▼
Transfer to equity691/2€161k€309k▲
To other reserves6921€161k€309k▲
Profit to be distributed694/7€43k€20k▼
Return on contributions (dividend)694€43k€20k▼
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Equity above €1MEq €1.16M ▲21.4%
8 profitable years in a row build equity to €1.16M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €245k ▲15.7%
Operating result €341k, net result €245k, both a record.
31-12
Financial
Liquidity times 7current ratio 80.97
Current ratio from 11.09 to 80.97; short-term debt falls from €66k to €10k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 11.09
Current ratio from 5.14 to 11.09; short-term debt falls from €107k to €66k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €500kEq €541k ▲53.8%
5 profitable years in a row build equity to €541k.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 37.10
Current ratio from 16.66 to 37.10; short-term debt falls from €11k to €7k.
31-12
Financial
Equity above €200kEq €272k ▲37.2%
2 profitable years in a row build equity to €272k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Bilzen-Hoeselt · 1 establishment unit since 2014
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.
Sint Lambertuslaan 33740 Bilzen-HoeseltGround area
300 m²
Building footprint
118 m²
Volume, LiDAR
1,157 m³
Parcel 73006H0036/00T002, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Sint Lambertuslaan 3, 3740 Bilzen-Hoeselt
since 20142.302.288.169
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006H0036/00T002 | Flanders | 299 m² | 1 · 118 m² | 13.0 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500W2HJIOJPPZLI50
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Of 6,927 companies in sector 86230 we hold annual accounts for 4,280. 2,735 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-12-2014
Fiscal year end31-12
Activities, NACEBEL
86230Dental practice
Sources
Crossroads Bank for EnterprisesNational Bank · 12 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.
Contact details
1 entryE-mail:hilde.vanrusselt@gmail.com