HANGAR 19
ActiveSummary
The annual accounts of HANGAR 19 for fiscal year 2026 show a net loss of 74% of the equity at the start of that year. The 2026 annual accounts show equity of €15k and a net result of €-42k. Equity is shrinking by ~15.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2029. Its solvency ranks better than 12% of 97 sector peers (fiscal year 2026). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability12▲+1
Solvency27▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.03 against 0.02 in 2025; short-term debt: 96.8% and cash: 2.6% of total assets), and 98.1% 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 →
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 · 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 2026Solvency, return and age of the figures
Solvency
1.9%
Return on assets
-5.2%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year €-42k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 97 sector peers (2026).
NBB · sector comparisonPosition among 97 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 09-06-2026, 83 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
83 d early
2025
31 d early
2024
95 d early
2023
38 d early
2022
68 d early
2021
62 d early
2020
56 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 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-01-2027 close31-08-2027 deadline
Financials · fiscal year 2026, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-42k▼ 28.2%
2025 · €-33k
2019: €188
2020: €-1k
2021: €-1k
2022: €-1k
2023: €-46k
2024: €-13k
2025: €-33k
2019 → 2026
Working capital
€-762k▼ 76.8%
2025 · €-431k
2020: €151k
2022: €149k
2023: €-177k
2024: €-230k
2025: €-431k
2020 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€149k-€104k▼ 30.6%€91k▼ 12.5%€58k▼ 36.4%€15k▼ 73.5%
Operating result€-1k-€-46k▼ 4,050%€-13k▲ 71.6%€-31k▼ 136%€-32k▼ 3.6%
Net result€-1k-€-46k▼ 3,999%€-13k▲ 71.5%€-33k▼ 154%€-42k▼ 28.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €32k in 2026 against €31k in 2025; the loss grows.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €813k
Fixed assets
€788k ▲ 60.2%
Current assets
€25k ▲ 159%
Equity and liabilities €813k
Equity
€15k ▼ 73.5%
Debt
€798k ▲ 79.7%
Debt's share of the balance-sheet total rises from 88.5% to 98.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-31k▼
2025 · €-19k
Cash flow
€-41k▼
2025 · €-21k
Current ratio
0.03▲
2025 · 0.02
Debt to equity
52.30▲
2025 · 7.71
ROE
-277.4%▼
2025 · -57.3%
ROA
-5.2%▲
2025 · -6.6%
Interest coverage
-2.84▲
2025 · -5.59
Debt ≤ 1 year
€787k▲
2025 · €441k
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 · 2026 against 2025 · 35 lines
Balance sheet
Code20252026
Assets
Total assets20/58€502k€813k▲
Fixed assets21/28€492k€788k▲
Tangible fixed assets22/27€492k€788k▲
Land and buildings22€492k€491k▼
Assets under construction and advance payments27-€297k
Current assets29/58€10k€25k▲
Amounts receivable within one year40/41€179€4k▲
Other amounts receivable41€179€4k▲
Cash at bank and in hand54/58€9k€21k▲
Equity and liabilities
Total equity and liabilities10/49€502k€813k▲
Equity10/15€58k€15k▼
Contributions10/11€25k€25k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€30k€-12k▼
Amounts payable17/49€444k€798k▲
Amounts payable within one year42/48€441k€787k▲
Trade debts44€2k€63▼
Suppliers440/4€2k€63▼
Other amounts payable47/48€439k€787k▲
Accrued charges and deferred income492/3€3k€11k▲
Income statement
Code20252026
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€1k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€-16k€-28k▼
Operating profit (loss)9901€-31k€-32k▼
Financial income75/76B€831€55▼
Recurring financial income75€831€55▼
Financial charges65/66B€3k€11k▲
Recurring financial charges65€3k€11k▲
Profit (loss) for the period before taxes9903€-33k€-42k▼
Profit (loss) for the period9904€-33k€-42k▼
Profit (loss) for the period to be appropriated9905€-33k€-42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€-12k▼
Profit (loss) brought forward from the previous period14P€63k€30k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-01
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Liège · 1 establishment unit since 2005
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.
Rue Saint-Adalbert 184000 LiègeGround area
463 m²
Building footprint
80 m²
Volume, LiDAR
943 m³
Parcel 62803A1162/00A000, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HANGAR 19
since 20052.145.639.010
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1162/00A000 | Wallonia | 463 m² | 1 · 80 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BOLERO AMG
BE 0654.769.497
Hamme (Vl.) · Eq €15,254
JOFA
BE 0447.046.373
Hemiksem · Eq €15,274
AGRI - MAXIME
BE 0444.406.389
Engis · Eq €15,206
SHREDTECH
BE 0879.427.734
Peer · Eq €15,196
FREDESA
BE 0792.874.931
Sint-Martens-Latem · Eq €15,173
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 1,922 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2005
Fiscal year end31-01
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.