HVSE Services
HVSE 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 remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 60% of 7039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
| Equity | €381k |
| Net result | €116k |
| Better than sector | 60% |
| Active | 18 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.6% | 43.8% | |
| Net result | €116k | €8k | |
| Equity | €381k | €49k | |
| Gross operating margin | €186k | €32k | |
| Total assets | €711k | €130k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €212k | €278k | €-162k | €-10k | €-22k |
| Net profit | €116k | €205k | €-178k | €-22k | €-47k |
| Cash flow | €144k | €226k | €-172k | €-18k | €-31k |
| Staff costs | - | - | - | - | - |
| Income taxes | €54k | €31k | €377 | €3k | €385 |
| Dividends | - | €46k | - | - | - |
| Total assets | €711k | €670k | €294k | €397k | €419k |
| Equity | €381k | €265k | €106k | €284k | €306k |
| Debt | €330k | €405k | €188k | €112k | €113k |
| of which ≤ 1y | €293k | €351k | €101k | €112k | €112k |
| of which > 1y | €37k | €54k | €87k | - | - |
| Working capital | €320k | €235k | €88k | €268k | €298k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.09 | 1.67 | 1.87 | 3.39 | 3.66 |
| Quick ratio | 2.09 | 1.67 | 1.87 | 3.39 | 3.66 |
| Working capital ratio | 45.0% | 35.1% | 29.9% | 67.6% | 71.0% |
| Solvency | 53.6% | 39.5% | 36.1% | 71.7% | 73.0% |
| Debt / equity | 0.87 | 1.53 | 1.77 | 0.40 | - |
| Long-term debt ratio | 0.10 | 0.21 | 0.82 | - | - |
| Interest coverage | 12.73 | 11.07 | -15.69 | -1.61 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 16.4% | 30.6% | -60.7% | -5.6% | -11.1% |
| ROE | 30.5% | 77.4% | -168.1% | -7.8% | -15.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €711k | €670k | €294k | €397k | €419k |
| Fixed assets | 21/28 | €98k | €84k | €105k | €16k | €10k |
| Tangible fixed assets | 22/27 | €85k | €83k | €94k | €15k | €9k |
| Financial fixed assets | 28 | €13k | €1k | €11k | €1k | €1k |
| Current assets | 29/58 | €612k | €586k | €189k | €380k | €409k |
| Amounts receivable within one year | 40/41 | €452k | €300k | €140k | €372k | €403k |
| Cash & bank | 54/58 | €153k | €281k | €43k | €5k | €2k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €711k | €670k | €294k | €397k | €419k |
| Equity | 10/15 | €381k | €265k | €106k | €284k | €306k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k | - |
| Reserves | 13 | €361k | €245k | €86k | €264k | €286k |
| Amounts payable | 17/49 | €330k | €405k | €188k | €112k | €113k |
| Amounts payable after one year | 17 | €37k | €54k | €87k | - | - |
| Amounts payable within one year | 42/48 | €293k | €351k | €101k | €112k | €112k |
| Trade debts payable within one year | 44 | €209k | €214k | €78k | €98k | €82k |
| Income statement | ||||||
| Gross operating margin | 9900 | €186k | €302k | €-155k | €327k | €-11k |
| Operating result | 9901 | €184k | €258k | €-168k | €-14k | €-38k |
| Financial income | 75 | €2k | €4k | €728 | €893 | €1k |
| Financial charges | 65 | €17k | €25k | €10k | €6k | €9k |
| Result before taxes | 9903 | €170k | €236k | €-178k | €-19k | €-46k |
| Income taxes | 67/77 | €54k | €31k | €377 | €3k | €385 |
| Net result for the period | 9904 | €116k | €205k | €-178k | €-22k | €-47k |
| Result to be appropriated | 9905 | €116k | €205k | €-178k | €-22k | €-47k |
-
Yeliz AkkiranNon-statutory directorState Gazette act 24154654 (28-10-2024)Current01-10-2024 → present
-
Ramazan BadurluNon-statutory directorState Gazette act 24154654 (28-10-2024)Current15-01-2024 → present
2 events
- 01-10-2024 Appointed· Non-statutory director
- 15-01-2024 Appointed· Director
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 22-07-2008 |
| Status | Active |
| Postal code | 3600 |
| 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. |
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
28-10-2024 2 directors appointed
- Ramazan Badurlu, Niet-statutair bestuurder
- Yeliz Akkiran, Niet-statutair bestuurder
Technical details
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"act_meta": {
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"pub_date": "2024-10-28",
"filing_date": "2024-10-18",
"act_kind_objet": "Onderwerp akte:"
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"body": "algemene_vergadering",
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"co_filed_documents": [
"de notulen van de algemene vergadering dd. 26/09/2024"
],
"corrected_publication_numac": null
}15-01-2024 BADURLU Ramazan appointed as director
- BADURLU Ramazan, Bestuurder
Technical details
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"evidence_quote": "De vergadering beslist om te benoemen als nieuwe bijkomende bestuurder voor onbepaalde duur: de heer BADURLU Ramazan",
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"notary": {
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"act_meta": {
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"body": "algemene_vergadering",
"date": "2023-12-28",
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{
"body": "algemene_vergadering",
"date": "2023-12-28",
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{
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"co_filed_documents": [
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}| Legal nameNL | HVSE Services |