TITRES-SERVICES HEDWIGE

Active

Private limited companyfounded 200817 yrs activeVital Riethuisenlaan 84, 1083 Ganshoren, BelgiumKBO/BCE: BE 0807.011.096

TITRES-SERVICES HEDWIGE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €112k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 1190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

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Checked score

Score 2025

65 / 100

Healthy▼ -3 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency24▲+2

Growth52=

Stability100

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.38 against 1.3 in 2024), and 94.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

5.9%

Return on assets

27.8%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1190 sector peers (2025).

NBB · sector comparison

Position among 1190 sector peers

Solvency

better than 11%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

22 d early

2024

15 d early

2023

19 d early

2022

11 d early

2021

29 d late

2020

89 d late

2019

28 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€112k▼ 3.3%

2024 · €116k

2018: €218k 2019: €280k 2020: €224k 2021: €140k 2022: €91k 2023: €137k 2024: €116k

2018 → 2025

Working capital

€111k▲ 23.9%

2024 · €90k

2018: €-32k 2019: €57k 2020: €136k 2021: €284k 2022: €137k 2023: €56k 2024: €90k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€281k-€22k▼ 92.1%€24k▲ 8.5%€25k▲ 2.5%€24k▼ 4.9%

Operating result€193k-€124k▼ 35.6%€194k▲ 55.9%€168k▼ 13.2%€160k▼ 4.9%

Net result€140k-€91k▼ 35.2%€137k▲ 50.5%€116k▼ 15.6%€112k▼ 3.3%

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 5% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €402k

99.9%

Fixed assets €323=

Current assets €402k▲ 2.6%

Equity and liabilities €402k

94.1%

Equity €24k▼ 4.9%

Debt €378k▲ 3.1%

The debt ratio rises from 93.7% to 94.1%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€160k▼

2024 · €168k

Cash flow

€112k▼

2024 · €116k

Solvency

5.9%▼

2024 · 6.3%

Current ratio

1.38▲

2024 · 1.30

Quick ratio

1.38▲

2024 · 1.30

Debt / equity

16.00▲

2024 · 14.76

ROE

472.7%▲

2024 · 464.9%

ROA

27.8%▼

2024 · 29.5%

Interest coverage

37.39▲

2024 · 32.27

Debt

€378k▲

2024 · €367k

Debt ≤ 1 year

€291k▼

2024 · €302k

Income taxes

€44k▼

2024 · €47k

Staff costs

€2.00M▼

2024 · €2.08M

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

Assets

Total assets20/58€392k€402k▲

Fixed assets21/28€323€323=

Intangible fixed assets21€0-

Financial fixed assets28€323€323=

Current assets29/58€391k€402k▲

Amounts receivable within one year40/41€236k€304k▲

Trade receivables40€197k€273k▲

Other amounts receivable41€39k€31k▼

Cash at bank and in hand54/58€154k€97k▼

Deferred charges and accrued income490/1€690€690=

Equity and liabilities

Total equity and liabilities10/49€392k€402k▲

Equity10/15€25k€24k▼

Contributions10/11€20k€20k=

Reserves13€2k€2k=

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€3k€2k▼

Amounts payable17/49€367k€378k▲

Amounts payable within one year42/48€302k€291k▼

Current portion of amounts payable after more than one year42€86k€54k▼

Trade debts44€2k€8k▲

Suppliers440/4€2k€8k▲

Taxes, remuneration and social security45€153k€199k▲

Taxes450/3€4k€9k▲

Remuneration and social security454/9€149k€190k▲

Other amounts payable47/48€61k€30k▼

Accrued charges and deferred income492/3€65k€88k▲

Income statement Code20242025

Remuneration, social security and pensions62€2.08M€2.00M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€180€0▼

Other operating charges640/8€886€2k▲

Gross operating margin9900€2.25M€2.16M▼

Operating profit (loss)9901€168k€160k▼

Financial income75/76B€0€17▲

Recurring financial income75€0€17▲

Financial charges65/66B€5k€4k▼

Recurring financial charges65€5k€4k▼

Profit (loss) for the period before taxes9903€163k€156k▼

Income taxes67/77€47k€44k▼

Profit (loss) for the period9904€116k€112k▼

Profit (loss) for the period to be appropriated9905€116k€112k▼

Appropriation of the result

Profit (loss) to be appropriated9906€118k€115k▼

Profit (loss) brought forward from the previous period14P€2k€3k▲

Profit to be distributed694/7€115k€113k▼

Return on contributions (dividend)694€115k€113k▼

Social balance

Average headcount (FTE)908767.165.9▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

09-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

16-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

12-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

20-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Weakest financial yearnet €91k ▼35.2%

Net result drops to €91k, the lowest in the series; recovery starts the following year.

29-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 29 days late

2021

31-12

Financial Equity above €200kEq €281k ▲99.5%

4 profitable years in a row build equity to €281k.

28-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 89 days late

2020

31-12

Financial Equity above €100kEq €141k ▲145%

3 profitable years in a row build equity to €141k.

28-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 28 days late

2019

31-12

Financial Highest result since 2018net €280k ▲28.5%

Operating result €412k, net result €280k, both a record.

28-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

10-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 41 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2020

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

30-06-2020 Resigned as Manager

Location & real-estate footprint

Registered office, Ganshoren · 1 establishment unit since 2008

establishment The establishment unit on the map

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.

Vital Riethuisenlaan 841083 Ganshoren

Ground area

408 m²

Building footprint

373 m²

Volume, LiDAR