HW IMMO
ActiveHW IMMO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19k and a net result of €-6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 19348 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability27▲+26
Solvency34=
Growth65▲+20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.59 in 2023; short-term debt: 55% and cash: 6.6% of total assets), and 91.2% of the assets are financed with debt.
Credit advice for your own amount and term
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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
8.8%
Return on assets
-2.8%
Age of the figures
21 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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 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
not confirmed
2024
89 d late
2023
53 d late
2022
68 d late
2021
69 d late
2020
153 d late
2019
142 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€229k▲ 14.5%
2023 · €200k
2018: €206k
2019: €277k
2020: €195k
2021: €226k
2022: €271k
2023: €200k
2018 → 2024
EBIT margin
0.2%▲ 15.3pp
2023 · -15.1%
2018: -3.3%
2019: 21.6%
2020: -4.5%
2021: 4.0%
2022: 21.2%
2023: -15.1%
2018 → 2024
Net result
€-6k▲ 84.1%
2023 · €-38k
2018: €-17k
2019: €54k
2020: €-13k
2021: €6k
2022: €52k
2023: €-38k
2018 → 2024
Working capital
€-83k▼ 20.9%
2023 · €-68k
2018: €-102k
2019: €-52k
2020: €-58k
2021: €-62k
2022: €-18k
2023: €-68k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€195k-€226k▲ 15.8%€271k▲ 19.8%€200k▼ 26.2%€229k▲ 14.5%
Equity€4k-€11k▲ 148%€63k▲ 483%€25k▼ 60.2%€19k▼ 24.0%
Operating result€-9k-€9k€57k▲ 538%€-30k€404
Net result€-13k-€6k€52k▲ 710%€-38k€-6k▲ 84.1%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €404 after a loss of €30k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €217k
Fixed assets
€180k▼ 4.6%
Current assets
€37k▼ 62.4%
Equity and liabilities €217k
Equity
€19k▼ 24.0%
Debt
€198k▼ 24.2%
The debt ratio stays at 91.2%.
Key figures and ratios
EBITDA
€7k▲
2023 · €-22k
Cash flow
€702▲
2023 · €-30k
Solvency
8.8%▲
2023 · 8.7%
Current ratio
0.31▼
2023 · 0.59
Quick ratio
0.31▼
2023 · 0.59
Debt / equity
10.41▼
2023 · 10.44
ROE
-31.6%▲
2023 · -151.1%
ROA
-2.8%▲
2023 · -13.2%
Interest coverage
1.11▲
2023 · -3.61
Debt
€198k▼
2023 · €261k
Debt ≤ 1 year
€119k▼
2023 · €166k
Debt > 1 year
€79k▼
2023 · €96k
Staff costs
€46k▼
2023 · €54k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€286k€217k▼
Fixed assets21/28€189k€180k▼
Tangible fixed assets22/27€189k€180k▼
Land and buildings22€186k€179k▼
Furniture and vehicles24€3k€829▼
Financial fixed assets28€310€310=
Current assets29/58€97k€37k▼
Amounts receivable within one year40/41€19k€22k▲
Trade receivables40€19k€2k▼
Other amounts receivable41-€20k
Cash at bank and in hand54/58€78k€14k▼
Equity and liabilities
Total equity and liabilities10/49€286k€217k▼
Equity10/15€25k€19k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€5k€-1k▼
Amounts payable17/49€261k€198k▼
Amounts payable after more than one year17€96k€79k▼
Financial debts170/4€96k€79k▼
Amounts payable within one year42/48€166k€119k▼
Current portion of amounts payable after more than one year42€16k€17k▲
Trade debts44€13k€3k▼
Suppliers440/4€13k€3k▼
Advances received on contracts in progress46-€4k
Taxes, remuneration and social security45€14k€21k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9€10k€16k▲
Other amounts payable47/48€123k€74k▼
Income statement
Code20232024
Turnover70€200k€229k▲
Goods, raw materials, services and sundry goods60/61€165k€172k▲
Remuneration, social security and pensions62€54k€46k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A-€179
Gross operating margin9900€34k€57k▲
Operating profit (loss)9901€-30k€404▲
Financial income75/76B€87-
Recurring financial income75€87-
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€-36k€-6k▲
Income taxes67/77€2k-
Profit (loss) for the period9904€-38k€-6k▲
Profit (loss) for the period to be appropriated9905€-38k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-1k▼
Profit (loss) brought forward from the previous period14P€42k€5k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 89 days late
2024
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 53 days late
2023
31-12
Financial
Weakest financial yearnet €-38k ▼173%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
2022
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 69 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 153 days late
2020
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 142 days late
2019
31-12
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 92 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
24-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 55 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Ganshoren · 1 establishment unit since 2011
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.
Keizer Karellaan 1011083 GanshorenGround area
173 m²
Building footprint
215 m²
Volume, LiDAR
2,243 m³
2 parcels, Brussels · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CENTURY 21-ACTION
since 20112.203.810.306
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0451/00M004 | Brussels | 102 m² | 1 · 102 m² | 15.2 m · 2 fl. |
| 21392B0093/00W005 | Brussels | 71 m² | 1 · 113 m² | 18.5 m · 5 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.
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EJR INVEST
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KLEYSINVEST
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Of 11,751 companies in sector 68310 we hold annual accounts for 6,908. 3,867 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-08-2011
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 13 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.