HLF

Active

Private limited companyfounded 1979active for 46 yearsLouis Schmidtlaan 97, 1040 Etterbeek, Belgium15 active companies are registered at this addressKBO/BCE: BE 0419.902.805

Summary

HLF has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24.3m and a net result of €189,113. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 80% of 5,776 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

HLFActiveChecked score 94/100

Risk analysis Report Compare

Activity

Renting and operating of own or leased residential real estate, excluding social housing

NACE 68201

8th largest company by equity in Etterbeek, Real estate sector1 site

Size

€30.6mtotal assets 2025

Staff: 2 FTE
Equity: €24.3m
Profit: €189,113

Financial health

94 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Holdings: 2

Pierre-Jean Jacques WALLONDirector
RASSENEUR ChristineDirector

2025 accounts 47 days early1 of 8 deeds summarised

Why 94raises riskLiquidity: current ratio 19.22, cash €524,658lowers riskSize: 2 FTE, total assets €30.6mFounded in 1979Equity €24.3m (79.4% of total assets)Show the evidence

Checked score

Score 2025

94 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 55% of its sector peers (NACE 68, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 100+51

equity 79.4% of total assets

Liquidity 52+40

short-term debt 4.2% · cash 1.7%

Profitability 20+1

return on assets 0.6%

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 0.2% (26,631 companies, NACE 68, micro)

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

Credit of up to €2,250,000 on 30-day terms is acceptable

Liquidity ample (current ratio 19.22, compared with 1.32 in 2024, above the usual 1.5; short-term debt: 4.2% and cash: 1.7% of total assets), and 20.6% 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 68, micro): better than 91% on solvency, 59% on liquidity, 20% on profitability and 48% on growth.

The bankruptcy probability was computed on 29-10-2026 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

Five signals.

lowers riskraises riskneutral

Size: 2 FTE, total assets €30.6m

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

NBB · annual accounts

Liquidity: current ratio 19.22, cash €524,658

NBB · annual accounts

Founded in 1979

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

KBO

Equity €24.3m (79.4% of total assets)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

47 days early

2024

24 days early

2023

44 days early

2022

46 days early

2021

35 days late

2020

5 days early

2019

66 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 28 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 18 December (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-06-2026 year end30-10-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

15-12-2025 Annual accounts filedfinancial year 2025 · full…
30-06-2025 Liquidity more than 14 timescurrent ratio 19.22
07-01-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Caution: Result fell in 2025from €493,574 to €189,113 ▼ 61.7% View
Positive: Among the best 7% on equitysector median €946,080 · 5,777 companies €24.3m View
Heads a groupcompanies controlled 6 View
Positive: 5 profitable years in a rowprofit 2025: €189,113 5 years View
Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View
Active since 1979founded 31-10-1979 46 years View

By topic

Financials

Financial year: 2025
Total assets: €30.6m
Profit: €189,113
Solvency: 79.4%

Turnover▲ 14.0%

Net result

20212023

Go to Financials

Board & ownership

Board: 2 members

Pierre-Jean Jacques WALLONDirector
RASSENEUR ChristineDirector

Go to Board & ownership

Network & group

Subsidiaries, all levels: 6
Direct holdings: 2
Connected companies: 3

6 subsidiaries

Go to Network & group

Timeline

Events: 48
Since: 1981
Next accounts: by 31-01-2027

18-12-2023Annual accounts filed
28-11-2023Resignation: Le Baron François-Xavier de MÉVIUS (director)
16-12-2022Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Renting and operating of own or leased residential…NACE 68201
Founded: 31-10-1979
Year ends: 30-06
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 24

Purpose: “La consultation,le conseil,l’avis,l’assistance et la conciliation en toutes opérations…” (deed in French)

Go to Articles of association

Key facts about HLF

What is the company number of HLF?: 0419.902.805. In Belgium the VAT number is the company number with BE in front: BE 0419.902.805.
Where is HLF based?: The registered office is at Louis Schmidtlaan 97, 1040 Etterbeek.Company details
What does HLF do?: According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
What is the legal form of HLF?: Private limited company (BV).
When was HLF founded?: On 31-10-1979.
Is HLF still active?: Yes, HLF is an active enterprise in the KBO register.
How many employees does HLF have?: On average 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HLF?: €118,386 in financial year 2023, according to the filed annual accounts.
Is HLF profitable?: In financial year 2025, HLF made a profit of €189,113.
Where can I find the annual accounts of HLF?: HLF filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HLF due?: By 31-01-2027, for financial year 2026.Timeline