Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
H & R from Houthalen-Helchteren, company number BE0898783885, closed financial year 2025 with a result of € 25,225 after tax. For that financial year H & R recorded a gross margin of € 59,820 and equity of € 140,483. Compared with financial year 2024, the result moved from € 14,897 to € 25,225. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 140,483
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,225
▲ 69% vs 2024
Profit after tax over the fiscal year.
€ 10,699
▲ € 9,086 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 833 paid out
3 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 3,042
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 74,416
▼ 24% vs 2024
€ 24,420 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 7,960
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,430
▲ 79% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 32,849 | € 33,980 | € 43,956 | € 59,820 | ▲ 36% |
| Profit after taxes | € 5,482 | € 7,864 | € 14,897 | € 25,225 | ▲ 69% |
| Equity | € 93,328 | € 101,193 | € 116,090 | € 140,483 | ▲ 21% |
| Total debts | € 156,347 | € 135,195 | € 117,174 | € 102,016 | ▼ 13% |
| Cash | € 2,891 | € 3,339 | € 1,614 | € 10,699 | ▲ € 9,086 |
| Land & buildings | € 205,065 | € 193,651 | € 182,238 | € 184,796 | ▲ 1% |
| Retained profit | € 87,128 | € 94,993 | € 109,890 | € 134,283 | ▲ 22% |
| Dividend | € 0 | € 0 | € 0 | € 833 | |
| Bank debt | € 145,666 | € 121,790 | € 98,446 | € 74,416 | ▼ 24% |
| Balance sheet total | € 249,675 | € 236,388 | € 233,264 | € 242,498 | ▲ 4% |
Key figures of H & R, 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.
What happened to H & R?
What happened at H & R in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 25,225 (▲ 69% vs 2024). Source: NBB ↗
- New establishment in Houthalen-Helchteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,482 profit in 2022 to € 25,225 profit in 2025.
Paid € 28,716 in corporate taxes since 2022.
Best year ever: 2025, with € 25,225 profit.
Paid out € 833 in dividends to the owners in total.
Management
Behind H & R is Handan Gul.
Directors
According to the 2025 annual accounts
Handan Gul
Director
Establishments
Establishment units
Physical locations of this company
Pannensman 1
3530 Houthalen-Helchteren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0898.783.885
- VAT number
- BE 0898.783.885
- Registered office
- Pannensman 1, 3530 Houthalen-Helchteren
- Names & denominations
- H & R
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 June 2008
- Peppol
- Active · Active since 24 Nov 2023