HWI
ActiveSummary
HWI has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €141k and a net result of €58k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 65% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▼-5
Solvency76▲+14
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.06 in 2023; short-term debt: 46.8% and cash: 32.1% of total assets), and 49.1% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €141k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
42 d late
2023
57 d late
2022
40 d early
2021
40 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€141k▲ 69.0%
2023 · €83k
2021: €554k
2022: €27k
2023: €83k
2021 → 2024
Total assets
€277k▲ 22.5%
2023 · €226k
2021: €593k
2022: €368k
2023: €226k
2021 → 2024
Net result
€58k▲ 1.9%
2023 · €57k
2021: €99k
2022: €52k
2023: €57k
2021 → 2024
Working capital
€-22k▲ 82.8%
2023 · €-128k
2021: €287k
2022: €-240k
2023: €-128k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€554k-€27k▼ 95.1%€83k▲ 210%€141k▲ 69.0%
Operating result€132k-€70k▼ 47.2%€76k▲ 9.8%€77k▲ 0.7%
Net result€99k-€52k▼ 47.1%€57k▲ 8.1%€58k▲ 1.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €277k
Fixed assets
€170k ▼ 22.1%
Current assets
€108k ▲ 1,127%
Equity and liabilities €277k
Equity
€141k ▲ 69.0%
Debt
€136k ▼ 4.7%
Debt's share of the balance-sheet total falls from 63.1% to 49.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82k
Cash flow
€63k
Current ratio
0.83▲
2023 · 0.06
Debt to equity
0.97▼
2023 · 1.71
ROE
40.8%▼
2023 · 67.7%
ROA
20.8%▼
2023 · 25.0%
Interest coverage
560.76
Debt ≤ 1 year
€130k▼
2023 · €136k
Income taxes
€19k▼
2023 · €20k
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 · 2024 against 2023 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€226k€277k▲
Fixed assets21/28€218k€170k▼
Tangible fixed assets22/27€51k€46k▼
Land and buildings22€36k€36k=
Furniture and vehicles24€15k€10k▼
Financial fixed assets28€167k€124k▼
Current assets29/58€9k€108k▲
Amounts receivable within one year40/41-€19k
Other amounts receivable41-€19k
Cash at bank and in hand54/58€9k€89k▲
Equity and liabilities
Total equity and liabilities10/49€226k€277k▲
Equity10/15€83k€141k▲
Contributions10/11€18k€18k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€64k€121k▲
Amounts payable17/49€143k€136k▼
Amounts payable within one year42/48€136k€130k▼
Taxes, remuneration and social security45€7k-
Taxes450/3€7k-
Other amounts payable47/48€130k€130k=
Accrued charges and deferred income492/3€6k€7k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5k
Other operating charges640/8€384€387▲
Gross operating margin9900€77k€82k▲
Operating profit (loss)9901€76k€77k▲
Financial charges65/66B€166€146▼
Recurring financial charges65€166€146▼
Profit (loss) for the period before taxes9903€76k€77k▲
Income taxes67/77€20k€19k▼
Profit (loss) for the period9904€57k€58k▲
Profit (loss) for the period to be appropriated9905€57k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€64k€121k▲
Profit (loss) brought forward from the previous period14P€7k€64k▲
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
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
31-12
Financial
Equity above €100kEq €141k ▲69%
4 profitable years in a row build equity to €141k.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €52k ▼47.1%
Net result drops to €52k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Ukkel · 1 establishment unit since 2020
Ground area
7,005 m²
Building footprint
437 m²
Volume, LiDAR
2,726 m³
2 parcels, Brussels · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
HWI
since 20202.299.930.079
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0008/00X036 | Brussels | 3,807 m² | 1 · 142 m² | 8.2 m · 2 fl. |
| 21614H0056/02E060 | Brussels | 3,198 m² | 1 · 295 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
MEBRIMMO
BE 0720.809.671
Zelzate · Eq €141,099
LUC057
BE 0453.288.918
Sint-Pieters-Woluwe · Eq €141,139
Alfra
BE 0400.367.401
Sint-Pieters-Woluwe · Eq €140,967
IMMODY
BE 0823.419.340
Soumagne · Eq €140,741
S.Z.D.
BE 0425.467.041
Antwerpen · Eq €141,507
Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,506 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
Founded27-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:office@dekeyser-associes.com
Phone:3225339960