Financials
- Fiscal year
- 2024
- Total assets
- €75,269
- Profit
- €800
- Solvency
- 21.7%
Turnover▲ 287%
Net result
20182019
HZ SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of HZ SERVICES is 5.5% (elevated). The 2024 annual accounts show equity of €16,308 and a net result of €800. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 36400 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
General electrical installation work
NACE 43211
1 site
Size
€75,269total assets 2024
- Staff
- 3.1 FTE
- Equity
- €16,308
- Profit
- €800
Turnover not published (abridged schema)
Structure
Accounts 67 d overdue0 of 2 deeds read
Why 36- Figures for FY 2024 (filed 14-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 75 days late; 3 of the last 3 late- Founded in 2018- Size: total assets €75,269Show the evidence
Checked score
Score 2024
36
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 28% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
47+7
equity 21.7% of total assets
Liquidity
24+15
short-term debt 78.3% · cash 13.1%
Profitability
60+10
return on assets 1.1%
Bankruptcy probability, 12 months
5.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.2%
12-2024: 3.2%● 0.0% vs 11-2024
01-2025: 3.1%▼ -2.0% vs 12-2024
02-2025: 3.1%▼ -1.6% vs 01-2025
03-2025: 3.0%▼ -1.2% vs 02-2025
04-2025: 3.1%▲ +1.5% vs 03-2025
05-2025: 3.1%▼ -1.1% vs 04-2025
06-2025: 3.0%▼ -1.9% vs 05-2025
07-2025: 3.0%▼ -0.2% vs 06-2025
08-2025: 3.7%▲ +23.0% vs 07-2025
09-2025: 3.8%▲ +3.7% vs 08-2025
10-2025: 5.3%▲ +38.2% vs 09-2025
11-2025: 3.0%▼ -43.3% vs 10-2025
12-2025: 3.1%▲ +1.9% vs 11-2025
01-2026: 3.0%▼ -2.0% vs 12-2025
02-2026: 2.8%▼ -4.9% vs 01-2026
03-2026: 2.8%▼ -1.2% vs 02-2026
04-2026: 2.9%▲ +1.6% vs 03-2026
05-2026: 2.8%▼ -1.1% vs 04-2026
06-2026: 2.8%▼ -1.9% vs 05-2026
07-2026: 2.7%▼ -0.8% vs 06-2026lowest value
08-2026: 3.2%▲ +16.1% vs 07-2026
09-2026: 3.5%▲ +9.9% vs 08-2026
10-2026: 5.5%▲ +56.2% vs 09-2026highest value
- Figures for FY 2024 (filed 14-10-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 75 days late; 3 of the last 3 late raises the probability
- Founded in 2018 raises the probability for this profile
- Size: total assets €75,269 raises the probability for this profile
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 1.05 in 2023; short-term debt: 78.3% and cash: 13.1% of total assets), and 78.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 23%, liquidity 13%, profitability 28%, growth against the median 47%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 36400 sector peers (2024).
NBB · sector comparisonPosition among 36400 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
75 d late
2023
68 d late
2022
32 d late
2021
41 d late
2020
62 d late
2019
66 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 57 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Back to profitnet €411
Key points
By topic
Timeline
- Events
- 9
- Since
- 2019
- 14-10-2025Annual accounts filed
- 07-10-2024Annual accounts filed
- 31-12-2023Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General electrical installation workNACE 43211
- Founded
- 22-06-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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