H TELECOM
ActiveSummary
The computed 12-month bankruptcy probability of H TELECOM is 1.8% (moderate). The 2025 annual accounts show equity of €73k and a net result of €9k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 83% of 4654 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+11
Solvency100▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.68 against 2.11 in 2024; short-term debt: 24.3% of total assets), and 24.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.7%
Return on assets
9.8%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 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
47 d late
2024
1 d early
2023
23 d late
2022
21 d early
2021
53 d late
2020
9 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€73k▲ 14.9%
2024 · €63k
2019: €35klowest in 7 years
2020: €51k▲ +43.2% vs 2019
2021: €65k▲ +29.3% vs 2020
2022: €72k▲ +10.1% vs 2021
2023: €63k▼ -13.0% vs 2022
2024: €63k▲ +1.2% vs 2023
2025: €73k▲ +14.9% vs 2024highest in 7 years
2019 → 2025
Total assets
€96k▼ 0.3%
2024 · €96k
2019: €68klowest in 7 years
2020: €72k▲ +5.8% vs 2019
2021: €147k▲ +103% vs 2020highest in 7 years
2022: €132k▼ -9.8% vs 2021
2023: €115k▼ -13.1% vs 2022
2024: €96k▼ -16.3% vs 2023
2025: €96k▼ -0.3% vs 2024
2019 → 2025
Net result
€9k▲ 1,191%
2024 · €731
2019: €-10klowest in 7 years
2020: €15k▲ +249% vs 2019
2021: €16k▲ +7.0% vs 2020highest in 7 years
2022: €7k▼ -59.6% vs 2021
2023: €-9k▼ -242% vs 2022
2024: €731▲ +108% vs 2023
2025: €9k▲ +1191% vs 2024
2019 → 2025
Working capital
€63k▲ 70.6%
2024 · €37k
2019: €24k
2020: €47k▲ +97.4% vs 2019
2021: €59k▲ +24.6% vs 2020
2022: €46k▼ -22.6% vs 2021
2023: €17k▼ -62.1% vs 2022lowest in 7 years
2024: €37k▲ +113% vs 2023
2025: €63k▲ +70.6% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€72k▲ 10.1%€63k▼ 13.0%€63k▲ 1.2%€73k▲ 14.9%
2021: €65k
2022: €72k▲ +10.1% vs 2021
2023: €63k▼ -13.0% vs 2022lowest in 5 years
2024: €63k▲ +1.2% vs 2023
2025: €73k▲ +14.9% vs 2024highest in 5 years
Operating result€14k-€13k▼ 11.3%€-17k€10k€10k▲ 4.8%
2021: €14khighest in 5 years
2022: €13k▼ -11.3% vs 2021
2023: €-17k▼ -236% vs 2022lowest in 5 years
2024: €10k▲ +156% vs 2023
2025: €10k▲ +4.8% vs 2024
Net result€16k-€7k▼ 59.6%€-9k€731€9k▲ 1,191%
2021: €16khighest in 5 years
2022: €7k▼ -59.6% vs 2021
2023: €-9k▼ -242% vs 2022lowest in 5 years
2024: €731▲ +108% vs 2023
2025: €9k▲ +1191% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96k
Fixed assets
€10k ▼ 62.2%
Current assets
€86k ▲ 23.3%
Equity and liabilities €96k
Equity
€73k ▲ 14.9%
Debt
€23k ▼ 29.4%
Debt's share of the balance-sheet total falls from 34.3% to 24.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▼
2024 · €37k
Cash flow
€27k▼
2024 · €28k
Current ratio
3.68▲
2024 · 2.11
Debt to equity
0.32▼
2024 · 0.52
ROE
13.0%▲
2024 · 1.2%
ROA
9.8%▲
2024 · 0.8%
Interest coverage
25.30▲
2024 · 7.92
Debt ≤ 1 year
€23k▼
2024 · €33k
Income taxes
€-410▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€96k€96k▼
Fixed assets21/28€27k€10k▼
Tangible fixed assets22/27€26k€10k▼
Plant, machinery and equipment23€248-
Furniture and vehicles24€12k€7k▼
Leasing and similar rights25€14k€3k▼
Financial fixed assets28€435€435=
Current assets29/58€70k€86k▲
Amounts receivable within one year40/41€69k€86k▲
Trade receivables40€22k€22k▲
Other amounts receivable41€47k€63k▲
Deferred charges and accrued income490/1€963€140▼
Equity and liabilities
Total equity and liabilities10/49€96k€96k▼
Equity10/15€63k€73k▲
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€43k€52k▲
Amounts payable17/49€33k€23k▼
Amounts payable within one year42/48€33k€23k▼
Current portion of amounts payable after more than one year42€8k-
Financial debts43€6k€5k▼
Credit institutions430/8€6k€5k▼
Trade debts44€14k€13k▼
Suppliers440/4€14k€13k▼
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€5k€4k▼
Remuneration and social security454/9€800€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€18k▼
Other operating charges640/8€5k€2k▼
Non-recurring operating charges66A€226€259▲
Gross operating margin9900€42k€30k▼
Operating profit (loss)9901€10k€10k▲
Financial income75/76B€18€14▼
Recurring financial income75€18€14▼
Financial charges65/66B€5k€1k▼
Recurring financial charges65€5k€1k▼
Profit (loss) for the period before taxes9903€5k€9k▲
Income taxes67/77€4k€-410▼
Profit (loss) for the period9904€731€9k▲
Profit (loss) for the period to be appropriated9905€731€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€52k▲
Profit (loss) brought forward from the previous period14P€42k€43k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €15k | €18k | €27k | €18k | ▼ 34.4% |
| Other operating charges640/8 | - | €440 | €3k | €5k | €2k | ▼ 50.5% |
| Non-recurring operating charges66A | - | - | - | €226 | €259 | ▲ 14.3% |
| Gross operating margin9900 | €21k | €28k | €3k | €42k | €30k | ▼ 26.9% |
| Operating profit (loss)9901 | €14k | €13k | €-17k | €10k | €10k | ▲ 4.8% |
| Financial income75/76B | - | €0 | €13k | €18 | €14 | ▼ 25.6% |
| Recurring financial income75 | - | €0 | €13k | €18 | €14 | ▼ 25.6% |
| Non-recurring financial income76B | - | - | €13k | - | - | - |
| Financial charges65/66B | - | €4k | €4k | €5k | €1k | ▼ 76.2% |
| Recurring financial charges65 | €713 | €4k | €3k | €5k | €1k | ▼ 76.2% |
| Non-recurring financial charges66B | - | - | €1k | - | - | - |
| Profit (loss) for the period before taxes9903 | €19k | €9k | €-9k | €5k | €9k | ▲ 78.8% |
| Income taxes67/77 | €3k | €2k | €757 | €4k | €-410 | ▼ 109% |
| Profit (loss) for the period9904 | €16k | €7k | €-9k | €731 | €9k | ▲ 1,191% |
| Profit (loss) for the period to be appropriated9905 | €16k | €7k | €-9k | €731 | €9k | ▲ 1,191% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €147k | €132k | €115k | €96k | €96k | ▼ 0.3% |
| Fixed assets21/28 | €55k | €57k | €54k | €27k | €10k | ▼ 62.2% |
| Tangible fixed assets22/27 | €55k | €57k | €53k | €26k | €10k | ▼ 63.3% |
| Plant, machinery and equipment23 | - | €2k | €953 | €248 | - | - |
| Furniture and vehicles24 | - | €12k | €20k | €12k | €7k | ▼ 40.1% |
| Leasing and similar rights25 | - | €43k | €32k | €14k | €3k | ▼ 81.6% |
| Financial fixed assets28 | €270 | €135 | €435 | €435 | €435 | = |
| Current assets29/58 | €92k | €76k | €62k | €70k | €86k | ▲ 23.3% |
| Amounts receivable within one year40/41 | €77k | €68k | €62k | €69k | €86k | ▲ 24.8% |
| Trade receivables40 | - | €21k | €22k | €22k | €22k | ▲ 2.1% |
| Other amounts receivable41 | - | €47k | €39k | €47k | €63k | ▲ 35.4% |
| Cash at bank and in hand54/58 | €14k | €7k | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €359 | - | €963 | €140 | ▼ 85.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €147k | €132k | €115k | €96k | €96k | ▼ 0.3% |
| Equity10/15 | €65k | €72k | €63k | €63k | €73k | ▲ 14.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €45k | €51k | €42k | €43k | €52k | ▲ 22.0% |
| Amounts payable17/49 | €82k | €61k | €53k | €33k | €23k | ▼ 29.4% |
| Amounts payable after more than one year17 | €48k | €30k | €8k | - | - | - |
| Financial debts170/4 | - | €30k | €8k | - | - | - |
| Amounts payable within one year42/48 | €33k | €30k | €44k | €33k | €23k | ▼ 29.4% |
| Current portion of amounts payable after more than one year42 | - | €16k | €27k | €8k | - | - |
| Financial debts43 | - | - | €3k | €6k | €5k | ▼ 17.3% |
| Credit institutions430/8 | - | - | €3k | €6k | €5k | ▼ 17.3% |
| Trade debts44 | €9k | €11k | €12k | €14k | €13k | ▼ 3.7% |
| Suppliers440/4 | - | €11k | €12k | €14k | €13k | ▼ 3.7% |
| Taxes, remuneration and social security45 | - | €2k | €3k | €5k | €5k | ▼ 0.1% |
| Taxes450/3 | - | - | €1k | €5k | €4k | ▼ 21.5% |
| Remuneration and social security454/9 | - | €2k | €2k | €800 | €2k | ▲ 125% |
| Other amounts payable47/48 | - | €2k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €7k | €-9k | €731 | €9k | ▲ 1,191% |
| + Depreciation and write-downs630 | €3k | €15k | €18k | €27k | €18k | ▼ 34.4% |
| Operating cash flow (approximation) | €19k | €21k | €9k | €28k | €27k | ▼ 2.0% |
| Investment in fixed assets (approximation) | - | €-17k | €-15k | €0 | €-1k | - |
| Change in cash | - | €-7k | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €731
Net result €731 after one loss-making year.
23-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
2021
30-06
Financial
Highest result since 2019net €16k ▲7%
Net result €16k, the highest in the series.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
30-06
Financial
Liquidity doublescurrent ratio 4.01
Current ratio from 1.92 to 4.01; short-term debt falls from €26k to €16k.
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2015
28-01
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Vorst · 1 establishment unit since 2011
Ground area
129 m²
Building footprint
115 m²
Volume, LiDAR
1,597 m³
Parcel 21383B0042/00S004, Brussels · tallest building 23.2 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
H TELECOM
since 20112.200.143.112
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0042/00S004 | Brussels | 129 m² | 1 · 115 m² | 23.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,228 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
Founded20-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
43211General electrical installation work
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.