HVSE Services
ActiveHVSE Services has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €381k and a net result of €116k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 60% of 7039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
93
/ 100
Excellent▼ -1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency97▲+21
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.09 against 1.67 in 2024), and 46.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
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
53.6%
Return on assets
16.4%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
8 d early
2023
51 d early
2022
8 d early
2021
3 d early
2020
25 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close05-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€381k▲ 43.9%
2024 · €265k
2022: €284k
2023: €106k
2024: €265k
2022 → 2025
Total assets
€711k▲ 6.0%
2024 · €670k
2022: €397k
2023: €294k
2024: €670k
2022 → 2025
Net result
€116k▼ 43.3%
2024 · €205k
2022: €-22k
2023: €-178k
2024: €205k
2022 → 2025
Working capital
€320k▲ 35.9%
2024 · €235k
2022: €268k
2023: €88k
2024: €235k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€284k-€106k▼ 62.7%€265k▲ 150%€381k▲ 43.9%
Operating result€-14k-€-168k▼ 1,092%€258k€184k▼ 28.4%
Net result€-22k-€-178k▼ 705%€205k€116k▼ 43.3%
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 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €711k
Fixed assets
€98k▲ 16.9%
Current assets
€612k▲ 4.5%
Equity and liabilities €711k
Equity
€381k▲ 43.9%
Debt
€330k▼ 18.7%
The debt ratio falls from 60.5% to 46.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€212k▼
2024 · €278k
Cash flow
€144k▼
2024 · €226k
Solvency
53.6%▲
2024 · 39.5%
Current ratio
2.09▲
2024 · 1.67
Quick ratio
2.09▲
2024 · 1.67
Debt / equity
0.87▼
2024 · 1.53
ROE
30.5%▼
2024 · 77.4%
ROA
16.4%▼
2024 · 30.6%
Interest coverage
12.73▲
2024 · 11.07
Debt
€330k▼
2024 · €405k
Debt ≤ 1 year
€293k▼
2024 · €351k
Debt > 1 year
€37k▼
2024 · €54k
Income taxes
€54k▲
2024 · €31k
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
Total assets
20/58€670k€711k▲
Fixed assets
21/28€84k€98k▲
Tangible fixed assets
22/27€83k€85k▲
Financial fixed assets
28€1k€13k▲
Current assets
29/58€586k€612k▲
Amounts receivable within one year
40/41€300k€452k▲
Cash & bank
54/58€281k€153k▼
Total equity & liabilities
10/49€670k€711k▲
Equity
10/15€265k€381k▲
Contributions / capital
10/11€20k€20k=
Reserves
13€245k€361k▲
Amounts payable
17/49€405k€330k▼
Amounts payable after one year
17€54k€37k▼
Amounts payable within one year
42/48€351k€293k▼
Trade debts payable within one year
44€214k€209k▼
Income statement
Code20242025
Gross operating margin
9900€302k€186k▼
Operating result
9901€258k€184k▼
Financial income
75€4k€2k▼
Financial charges
65€25k€17k▼
Result before taxes
9903€236k€170k▼
Income taxes
67/77€31k€54k▲
Net result for the period
9904€205k€116k▼
Result to be appropriated
9905€205k€116k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-10
State Gazette act
Director changes
30-06
Financial
Back to profitnet €205k
Net result €205k after 2 loss-making years.
30-06
Financial
Equity above €200kEq €265k ▲150%
Equity rises from €106k to €265k.
15-01
State Gazette act
Director changes
Monique SERONVALLE
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €-178k
Net result drops to €-178k, the lowest in the series; recovery starts the following year.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
2 directors, last change in 2024
Yeliz Akkiran
CurrentNon-statutory director · since 01-10-2024
Ramazan Badurlu
CurrentNon-statutory director · since 15-01-2024
01-10-2024
Yeliz Akkiran: Appointed as Non-statutory director
01-10-2024
Ramazan Badurlu: Appointed as Non-statutory director
15-01-2024
Ramazan Badurlu: Appointed as Director
Not every act has been read: a resignation may be missing here
5 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2011
Ground area
5,585 m²
Building footprint
1,934 m²
Volume, LiDAR
1,347 m³
2 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Hvse Services
since 20112.204.481.683
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304D1198/00P024 | Flanders | 3,676 m² | 1 · 1,780 m² | 8.1 m |
| 71307H0184/00E000 | Flanders | 1,909 m² | 1 · 154 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
YPD COMPANY
BE 0718.879.866
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DE BUSSCHERE BOUW
BE 0477.003.636
Zedelgem · Eq €381k
D.und W. Steffens, A.G.
BE 0416.175.035
Eupen · Eq €381k
ELECTROSANI
BE 0700.577.451
Ternat · Eq €381k
NOEST in Hout
BE 0767.512.894
Evergem · Eq €381k
Of 29,529 companies in sector 41001 we hold annual accounts for 15,449. 10,010 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-07-2008
Fiscal year end30-06
Activities, NACEBEL
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43310Plastering work
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 2 actsNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 20-07-2026. Scores and ratios are computed by Checked and are not a credit decision.