Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Handivage from Brussel, company number BE0746922368, closed financial year 2025 with a result of € -9,565 after tax. For that financial year Handivage recorded a gross margin of € -8,197 and equity of € 576. Compared with financial year 2024, the result moved from € -233 to € -9,565. The company made a loss. The buffer shrank hard: equity is 94 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 576
▼ 94% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,565
▼ 4010 % more loss than in 2024
Profit after tax over the fiscal year.
€ 441
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 76.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 66
▼ 76% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 51,192
▲ 279% vs 2024
€ 13,500 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 852
▲ € 709 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 549 | € -603 | € -713 | € -8,197 | ▼ € 7,484 |
| Profit after taxes | € 914 | € -331 | € -233 | € -9,565 | ▼ € 9,332 |
| Equity | € 10,704 | € 10,373 | € 10,140 | € 576 | ▼ 94% |
| Total debts | € 14,026 | € 13,709 | € 13,643 | € 98,052 | ▲ € 84,409 |
| Cash | € 605 | € 1,435 | € 2,245 | € 441 | ▼ 80% |
| Retained profit | € 10,204 | € 9,873 | € 9,640 | € 76 | ▼ 99% |
| Bank debt | € 13,500 | € 13,500 | € 13,500 | € 51,192 | ▲ 279% |
| Balance sheet total | € 24,730 | € 24,082 | € 23,784 | € 98,628 | ▲ € 74,844 |
By gross margin, Handivage ranks 50th of 53 companies with main activity “Overige niet-gespecialiseerde detailhandel” in Brussel that publish figures (fiscal year 2025).
Key figures of Handivage, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
Ask about Handivage the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to Handivage?
What happened at Handivage in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,565. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 914 profit in 2022 to € 9,565 loss in 2025.
Paid € 226 in corporate taxes since 2022.
Best year ever: 2022, with € 914 profit.
Management
Behind Handivage is Barut Gulhan. Barut Gulhan is also behind YUNIDI INVEST.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Abdijstraat 7
1000 Brussel
Abdijstraat 7 box GV
1000 Brussel
Active since 14 May 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0746.922.368
- VAT number
- BE 0746.922.368
- Registered office
- Abdijstraat 7, 1000 Brussel
- Names & denominations
- Handivage
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 2020
- Peppol
- Active · Active since 5 Feb 2026
- Activities · NACE
Overige niet-gespecialiseerde detailhandel
Detailhandel via postorderbedrijven of via internet