HVV
ActiveSummary
HVV has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-23k) and a net result of €-41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-79
Solvency0▼-42
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 1.17 in 2024; short-term debt: 131.6% and cash: 14.6% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
-31.6%
Return on assets
-56.3%
Age of the figures
15 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-23k
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 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
1 d early
2022
6 d late
2021
5 d early
2020
2 d early
2019
13 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-23k
2024 · €18k
Total assets
€73k▼ 31.5%
2024 · €106k
Net result
€-41k
2024 · €9k
Working capital
€-24k
2024 · €15k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-7k▲ 42.3%€20k€2k▼ 88.1%€11k▲ 349%€-41k
Net result€-7k▲ 41.6%€20k€2k▼ 88.9%€9k▲ 285%€-41k
Equity€-13k▼ 135%€7k€9k▲ 31.5%€18k▲ 92.3%€-23k
Total assets€16k▼ 15.4%€58k▲ 263%€71k▲ 24.0%€106k▲ 48.2%€73k▼ 31.5%
Debt€29k▲ 18.8%€51k▲ 75.0%€62k▲ 22.9%€88k▲ 41.6%€95k▲ 8.5%
Working capital€-14k▼ 61.8%€5k€8k▲ 64.2%€15k▲ 97.6%€-24k
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 €41k after €11k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73k
Fixed assets
€1k ▼ 45.2%
Current assets
€71k ▼ 31.2%
Key figures and ratios
EBITDA
€-40k▼
2024 · €13k
Cash flow
€-40k▼
2024 · €10k
Solvency
-31.6%▼
2024 · 16.9%
Current ratio
0.74▼
2024 · 1.17
Debt to equity
-4.16▼
2024 · 4.91
ROA
-56.3%▼
2024 · 8.1%
Interest coverage
-166.21▼
2024 · 61.12
Debt ≤ 1 year
€95k▲
2024 · €88k
Income taxes
€-186▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €1k | €2k | €1k | ▼ 31.9% |
| Other operating charges640/8 | - | €801 | €348 | - | €384 | - |
| Gross operating margin9900 | €-5k | €23k | €4k | €13k | €-39k | ▼ 411% |
| Operating profit (loss)9901 | €-7k | €20k | €2k | €11k | €-41k | ▼ 478% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €210 | €172 | €206 | €238 | ▲ 15.5% |
| Recurring financial charges65 | €138 | €210 | €172 | €206 | €238 | ▲ 15.5% |
| Profit (loss) for the period before taxes9903 | €-7k | €20k | €2k | €11k | €-41k | ▼ 487% |
| Income taxes67/77 | - | - | - | €2k | €-186 | ▼ 109% |
| Profit (loss) for the period9904 | €-7k | €20k | €2k | €9k | €-41k | ▼ 575% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €20k | €2k | €9k | €-41k | ▼ 575% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16k | €58k | €71k | €106k | €73k | ▼ 31.5% |
| Fixed assets21/28 | €790 | €3k | €2k | €3k | €1k | ▼ 45.2% |
| Tangible fixed assets22/27 | €790 | €3k | €2k | €3k | €1k | ▼ 45.2% |
| Plant, machinery and equipment23 | - | - | - | €1k | €823 | ▼ 24.8% |
| Furniture and vehicles24 | - | €3k | €2k | €2k | €653 | ▼ 59.2% |
| Current assets29/58 | €15k | €55k | €70k | €103k | €71k | ▼ 31.2% |
| Amounts receivable within one year40/41 | €12k | €18k | €67k | €99k | €61k | ▼ 38.8% |
| Trade receivables40 | - | €18k | €67k | €97k | €61k | ▼ 37.5% |
| Other amounts receivable41 | - | - | - | €2k | - | - |
| Cash at bank and in hand54/58 | €3k | €37k | €3k | €4k | €11k | ▲ 137% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16k | €58k | €71k | €106k | €73k | ▼ 31.5% |
| Equity10/15 | €-13k | €7k | €9k | €18k | €-23k | ▼ 228% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-32k | €-11k | €-9k | €-617 | €-41k | ▼ 6,625% |
| Amounts payable17/49 | €29k | €51k | €62k | €88k | €95k | ▲ 8.5% |
| Amounts payable within one year42/48 | €29k | €50k | €62k | €88k | €95k | ▲ 8.5% |
| Trade debts44 | €2k | €2k | €4k | €5k | €4k | ▼ 21.0% |
| Suppliers440/4 | - | €2k | €4k | €5k | €4k | ▼ 21.0% |
| Taxes, remuneration and social security45 | - | €4k | €8k | €13k | €1k | ▼ 89.5% |
| Taxes450/3 | - | €4k | €8k | €13k | €1k | ▼ 89.5% |
| Other amounts payable47/48 | - | €44k | €50k | €70k | €90k | ▲ 29.3% |
| Accrued charges and deferred income492/3 | - | €395 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €20k | €2k | €9k | €-41k | ▼ 575% |
| + Depreciation and write-downs630 | €2k | €2k | €1k | €2k | €1k | ▼ 31.9% |
| Operating cash flow (approximation) | €-5k | €22k | €3k | €10k | €-40k | ▼ 481% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-3k | €0 | ▲ 100.0% |
| Change in cash | - | €34k | €-33k | €1k | €6k | ▲ 435% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 6 days late
2022
30-06
Financial
Back to profitnet €20k
Net result €20k after 3 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 1.09
Current ratio from 0.52 to 1.09.
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 11 days late
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Elsene · 2 establishment units since 2012
Ground area
3,616 m²
Building footprint
1,941 m²
Volume, LiDAR
44,851 m³
2 parcels, Brussels · tallest building 38.1 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Other Future
since 20122.206.965.675
Other Future
since 20172.269.220.077
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0226/00W011 | Brussels | 3,529 m² | 1 · 1,878 m² | 38.1 m · 7 fl. |
| 21444B0001/00L003 | Brussels | 87 m² | 1 · 63 m² | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 12,527 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-01-2012
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
90202Performing arts by artistic ensembles
Scores and ratios are computed by Checked and are not a credit decision.