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Generated 13-08-2026
Active BE 0886.015.816Private limited company

HYGI PANEL

Rue Georges Cosse, ZI, Nov. 4 ·5380 Fernelmont, Belgium· 19 yrs active
Sector: Vervaardiging van platen, vellen, buizen en profielen van kunststof (22210)
Conclusion Checked

The KBO register records legal situation 050 for HYGI PANEL (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €1.21M and a net result of €161k.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €1.21M
Net result €161k
Staff (FTE) 497556.8
Better than sector 67%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health24Profitability67Solvency68Growth78Stability0
47 / 100

Mixed profile: strong on growth, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24
Profitability 67
Solvency 68
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
0 / 100
Low riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Trust signals 1 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
24 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 17-07-2024 with the NBB · fiscal year 2023 · volledig
€0€50k€100k€150k€200kOperating result 2019: €31k€31kNet result 2019: €54k€54kOperating result 2020: €53k€53kNet result 2020: €83k€83kOperating result 2021: €20k€20kNet result 2021: €14k€14kOperating result 2022: €27k€27kNet result 2022: €8k€8kOperating result 2023: €190k€190kNet result 2023: €161k€161k20192020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 22 · compared across all schema types (micro, abbreviated and full combined)
Metric This company Sector median Position in the sector
Solvency 38.3% 24.2%
better than 67% of 77 sector peers
Net result €161k €20k
better than 82% of 77 sector peers
Equity €1.21M €48k
better than 82% of 77 sector peers
Gross operating margin €821k €88k
better than 89% of 67 sector peers
Staff costs €498k €217k
higher than 65% of 50 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€299k
+186.7% 18-23
Net profit
€161k
+2023.5% 18-23
Cash flow
€270k
+216.8% 18-23
Total assets
€3.17M
+109.0% 18-23
Equity
€1.21M
+602.3% 18-23
Working capital
€576k
+128.5% 18-23
Employees (FTE)
497557
-19.4% 18-23
Staff costs
€498k
-19.4% 18-23
Income taxes
€-9k
- 18-23
Debt
€1.96M
+45.6% 18-23
Debt ≤ 1y
€1.47M
+50.0% 18-23
Debt > 1y
€487k
+33.3% 18-23
Current ratio
1.39
+10.7% 18-23
Quick ratio
0.95
+47.0% 18-23
Solvency
38.3%
+236.1% 18-23
Debt / equity
1.61
-79.3% 18-23
ROE
13.3%
+202.4% 18-23
ROA
5.1%
+916.2% 18-23
Interest coverage
5.54
+96.9% 18-23
Figures by fiscal year
Fiscal year2023
Depositvolledig
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
Ratios (computed)
2023
Current ratio1.39
Quick ratio0.95
Working capital ratio18.2%
Solvency38.3%
Debt / equity1.61
Long-term debt ratio0.40
Interest coverage5.54
Gross margin-
Net margin-
ROA5.1%
ROE13.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
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
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • NAMUR INVEST SALegal entity
    Director
    State Gazette act 25021943 (12-02-2025)
    Current
    01-01-2025 → present
  • ARTLEXLegal entity
    Director· perm. rep.: Maxim Van Buggenhout
    State Gazette act 23142314 (09-11-2023)
    Current
    01-11-2023 → present
  • Raymond JONKERS
    Director
    State Gazette act 23142314 (09-11-2023)
    Current
    01-11-2023 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Vervaardiging van platen, vellen, buizen en profielen van kunststof(22210)
Legal form Private limited company(610)
Incorporation21-12-2006
StatusActive
Postal code5380
Establishment units 1 location
HYGI PANEL
Rue Georges Cosse, ZI, Nov. 4, 5380 FernelmontVervaardiging van radiatoren, stoomketels en ketels voor centrale verwarming
since 20072.158.262.668
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
12-02-2025
State Gazette act Director changes
2024
10-09-2024
State Gazette act Director changes
17-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
09-11-2023
State Gazette act Director changes
31-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
28-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
22-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
24-09-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
09-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
30-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
30-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
31-10-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
31-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Belgisch Staatsblad, acts 3 acts
All acts · 3 updated 1 year ago
2025
12-02-2025 2 directors appointed Director changes
  • NAMUR INVEST SA, Bestuurder
  • Maxim Van Buggenhout, Dagelijks bestuur
Technical details 
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  "act_meta": {
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2024
10-09-2024 2 directors appointed Director changes
  • Maxim Van Buggenhout, Gedelegeerd bestuurder
  • Lorenzo BONGIOVANNI, Gedelegeerd bestuurder
Technical details 
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        "name": "Lorenzo BONGIOVANNI",
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      "via_org": {
        "kbo": "0675.482.165",
        "name": "CRIXUS MANAGEMENT",
        "address": "avenue Mar\u00E9chal Joffre 92. boite 1 \u00E0 1190 Forest",
        "country": "BE",
        "legal_form": "sarl"
      },
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      "decharge_status": null,
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  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Li\u00E8ge",
    "is_associated": false
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  "act_meta": {
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2023
09-11-2023 3 directors appointed Director changes
  • Raymond JONKERS, Bestuurder
  • Maxim Van Buggenhout, Bestuurder
  • Maxim Van Buggenhout, Mandataire spécial
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

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Company registry (CBE) Crossroads Bank
Activities
Vervaardiging van platen, vellen, buizen en profielen van kunststof22210Vervaardiging van platen, vellen, buizen en profielen van kunststof22210Vervaardiging van platen, vellen, buizen en profielen van kunststof25210Installatie van isolatie43230Isolatiewerkzaamheden43291Schrijnwerk43320Schrijnwerk43320Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999
Primary activity highlighted.
Names & trade names
Legal nameFR HYGI PANEL
Registered office
Rue Georges Cosse, ZI, Nov. 4
5380 Fernelmont, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Comparable size · 26 of 365 companies in this sector with filed accounts
ADEBEL BE 0899.466.647 · Putte
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E.S.-PLASTICS BE 0751.736.142 · Hechtel-Eksel
COMPUTERPAPIER GYSEMBERG BE 0434.522.683 · Maasmechelen
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative