HG STABLE

Active

Private limited companyfounded 2017active for 9 yearsChaussée de Namur 257, 1300 Wavre, BelgiumKBO/BCE: BE 0682.597.215

Summary

HG STABLE has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €272,590 and a net result of €226,135. Equity is shrinking by about 15% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 60% of 3,706 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

HG STABLEActiveChecked score 98/100

Risk analysis Report Compare

Activity

Raising of horses and other equines

NACE 01430

1 site

Size

≈ €1.1mturnover 2025, estimated

Staff: ≈ 2.2 FTE, estimated
Equity: €272,590
Profit: €226,135

Turnover estimated from the gross margin

Financial health

98 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

GODART Anne-SophieDirector
HEMERYCK RikDirector

2025 accounts 57 days early1 of 2 deeds summarised

Why 98lowers riskLiquidity: current ratio 3.45, cash €365,605Sector: Crop and animal production, hunting and related service activities (NACE 01)Size: total assets €636,872Figures for financial year 2025 (filed 10-06-2026)Show the evidence

Checked score

Score 2025

98 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 86% of its sector peers (NACE 01, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 68+31

equity 42.8% of total assets

Liquidity 94+22

short-term debt 19.5% · cash 57.4%

Profitability 100+100

return on assets 35.5%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (5,697 companies, NACE 01, micro)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.2 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026highest value 06-2026: 0.3%▼ -0.1 percentage points vs 05-2026 07-2026: < 0.1%▼ -0.3 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value

Credit of up to €25,000 on 30-day terms is acceptable

Liquidity ample (current ratio 3.45, compared with 1.47 in 2024, above the usual 1.5; short-term debt: 19.5% and cash: 57.4% of total assets), but 57.2% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro): better than 57% on solvency, 93% on liquidity, 96% on profitability and 99% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskneutral

Liquidity: current ratio 3.45, cash €365,605

NBB · annual accounts

Sector: Crop and animal production, hunting and related service activities (NACE 01)

KBO

Size: total assets €636,872

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Figures for financial year 2025 (filed 10-06-2026)

NBB · annual accounts

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €272,590

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

57 days early

2024

55 days early

2023

54 days early

2022

44 days late

2021

27 days early

2020

19 days early

2019

2 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 24 days before the deadline; the sector median (NACE 01) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 June (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

04-06-2026 Annual accounts filedfinancial year 2025 · micro…
31-12-2025 Back to profitnet €226,135
31-12-2025 Liquidity more than doubledcurrent ratio 3.45

Key points

Positive: Equity rose in 2025from €46,455 to €272,590 ▲ 487% View
Positive: Among the best 5% on net resultsector median €7,141 · 3,703 companies €226,135 View
Board2 directors in office 2 View

By topic

Financials

Financial year: 2025
Total assets: €636,872
Profit: €226,135
Solvency: 42.8%

Total assets▲ 61.3%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members

GODART Anne-SophieDirector
HEMERYCK RikDirector

Go to Board & ownership

Timeline

Events: 14
Since: 2019
Next accounts: by 31-07-2027

31-12-2025Equity above €200,000
06-06-2025Annual accounts filed
31-12-2024Weakest financial year

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Raising of horses and other equinesNACE 01430
Founded: 05-10-2017
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 35

Annual meeting: Third Friday of May at 18:00
Purpose: “À l'exploitation d'écuries pour chevaux; À la location de boxes pour chevaux ou autres…” (deed in French)

Go to Articles of association

Key facts about HG STABLE

What is the company number of HG STABLE?: 0682.597.215. In Belgium the VAT number is the company number with BE in front: BE 0682.597.215.
Where is HG STABLE based?: The registered office is at Chaussée de Namur 257, 1300 Wavre.Company details
What does HG STABLE do?: According to the KBO register, the main activity is raising of horses and other equines (NACE 01430).
What is the legal form of HG STABLE?: Private limited company (BV).
When was HG STABLE founded?: On 05-10-2017.
Is HG STABLE still active?: Yes, HG STABLE is an active enterprise in the KBO register.
How many employees does HG STABLE have?: On average 1.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of HG STABLE?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is HG STABLE profitable?: In financial year 2025, HG STABLE made a profit of €226,135.
Where can I find the annual accounts of HG STABLE?: HG STABLE filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HG STABLE due?: By 31-07-2027, for financial year 2026.Timeline