Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of HYGI PANEL is 0.9% (low). The 2023 annual accounts show equity of €1.21M and a net result of €161k. Equity is growing by ~57.4% per year across the filed fiscal years. Its solvency ranks better than 67% of 77 sector peers (fiscal year 2023). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Signals
2 signals · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
1 signalAdministrative Flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Annual accounts & ratios
Source: NBB · 2023How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 38.3% | 24.2% | |
| Net result | €161k | €20k | |
| Equity | €1.21M | €48k | |
| Gross operating margin | €821k | €88k | |
| Staff costs | €498k | €217k |
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €299k |
| Net profit | €161k |
| Cash flow | €270k |
| Staff costs | €498k |
| Income taxes | €-9k |
| Dividends | - |
| Total assets | €3.17M |
| Equity | €1.21M |
| Debt | €1.96M |
| of which ≤ 1y | €1.47M |
| of which > 1y | €487k |
| Working capital | €576k |
| Employees (FTE) | 497556.8 |
| 2023 | |
|---|---|
| Current ratio | 1.39 |
| Quick ratio | 0.95 |
| Working capital ratio | 18.2% |
| Solvency | 38.3% |
| Debt / equity | 1.61 |
| Long-term debt ratio | 0.40 |
| Interest coverage | 5.54 |
| Gross margin | - |
| Net margin | - |
| ROA | 5.1% |
| ROE | 13.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €3.17M |
| Fixed assets | 21/28 | €1.13M |
| Intangible fixed assets | 21 | €201k |
| Tangible fixed assets | 22/27 | €923k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €2.04M |
| Stocks & contracts in progress | 3 | €649k |
| Amounts receivable within one year | 40/41 | €950k |
| Investments | 50/53 | €180k |
| Cash & bank | 54/58 | €97k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.17M |
| Equity | 10/15 | €1.21M |
| Contributions / capital | 10/11 | €37k |
| Reserves | 13 | €184k |
| Accumulated profits (losses) | 14 | €168k |
| Amounts payable | 17/49 | €1.96M |
| Amounts payable after one year | 17 | €487k |
| Amounts payable within one year | 42/48 | €1.47M |
| Trade debts payable within one year | 44 | €429k |
| Income statement | ||
| Gross operating margin | 9900 | €821k |
| Operating result | 9901 | €190k |
| Financial income | 75 | €16k |
| Financial charges | 65 | €54k |
| Result before taxes | 9903 | €152k |
| Income taxes | 67/77 | €-9k |
| Net result for the period | 9904 | €161k |
| Result to be appropriated | 9905 | €161k |
Health barometer
FY 2023 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Structure & network
Locations & real estate
Establishment units
1 locationPublications
Lifecycle & Insolvency Signals
Belgisch Staatsblad · acts
3 acts12-02-2025 2 directors appointed
- NAMUR INVEST SA, Bestuurder
- Maxim Van Buggenhout, Dagelijks bestuur
10-09-2024 2 directors appointed
- Maxim Van Buggenhout, Gedelegeerd bestuurder
- Lorenzo BONGIOVANNI, Gedelegeerd bestuurder
09-11-2023 3 directors appointed
- Raymond JONKERS, Bestuurder
- Maxim Van Buggenhout, Bestuurder
- Maxim Van Buggenhout, Mandataire spécial
Analysis
Snowflake analysis
financial profile on 5 axesExceptional profile, strong across almost every axis.
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
Crossroads Bank| Legal nameFR | HYGI PANEL |