Hansgrohe
ActiveSummary
Hansgrohe has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €548,248 and a net result of €1.4m. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 11% of 5113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-7
Solvency33▲+2
Growth40▼-2
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.07 in 2024; short-term debt: 86.3% and cash: 2% of total assets), and 92.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7.5%
Return on assets
19.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 5113 sector peers (2025).
NBB · sector comparisonPosition among 5113 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-04-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
120 d early
2023
71 d early
2022
97 d early
2021
1 d late
2020
66 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 72 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€39.1m▼ 9.0%
2024 · €43.0m
EBIT margin
7.7%▼ 1.4pp
2024 · 9.2%
Net result
€1.4m▼ 35.8%
2024 · €2.2m
Working capital
€458,238▼ 13.4%
2024 · €529,198
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€47.9m▲ 14.8%€49.3m▲ 2.9%€44.5m▼ 9.6%€43.0m▼ 3.4%€39.1m▼ 9.0%
Operating result€4.5m▲ 28.3%€4.8m▲ 6.2%€4.2m▼ 11.7%€3.9m▼ 7.2%€3.0m▼ 23.4%
Net result€2.4mabove the sector's middle half▲ 35.6%€2.6mabove the sector's middle half▲ 8.1%€2.3mabove the sector's middle half▼ 11.4%€2.2mabove the sector's middle half▼ 5.2%€1.4mabove the sector's middle half▼ 35.8%
EBIT margin9.5%▲ 1.0pp9.8%▲ 0.3pp9.5%▼ 0.2pp9.2%▼ 0.4pp7.7%▼ 1.4pp
Equity€548,248within the sector's middle half=€548,248within the sector's middle half=€548,248within the sector's middle half=€548,248within the sector's middle half=€548,248within the sector's middle half=
Total assets€7.6mwithin the sector's middle half▲ 0.3%€10.3mwithin the sector's middle half▲ 34.6%€8.4mwithin the sector's middle half▼ 18.6%€8.7mwithin the sector's middle half▲ 4.5%€7.3mwithin the sector's middle half▼ 16.6%
Debt€6.6m▲ 1.2%€9.4m▲ 41.1%€7.3m▼ 22.2%€7.7m▲ 5.2%€6.3m▼ 18.0%
Working capital€705,389within the sector's middle half▲ 1.6%€711,617within the sector's middle half▲ 0.9%€515,418within the sector's middle half▼ 27.6%€529,198within the sector's middle half▲ 2.7%€458,238within the sector's middle half▼ 13.4%
Solvency7.2%below the sector's middle half=5.3%below the sector's middle half▼ 1.8pp6.6%below the sector's middle half▲ 1.2pp6.3%below the sector's middle half▼ 0.3pp7.5%below the sector's middle half▲ 1.3pp
Current ratio1.11below the sector's middle half=1.08below the sector's middle half▼ 0.031.07below the sector's middle half▼ 0.011.07below the sector's middle half=1.07below the sector's middle half=
Return on assets (ROA)31.3%above the sector's middle half▲ 8.2pp25.2%above the sector's middle half▼ 6.2pp27.4%above the sector's middle half▲ 2.2pp24.9%above the sector's middle half▼ 2.5pp19.1%above the sector's middle half▼ 5.7pp
Staff (FTE)31above the sector's middle half▲ 5.4%29.1above the sector's middle half▼ 6.1%30.2above the sector's middle half▲ 3.8%30above the sector's middle half▼ 0.7%30.1above the sector's middle half▲ 0.3%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 23% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.3m
Fixed assets
€541,009 =
Current assets
€6.7m ▼ 17.7%
Equity and liabilities €7.3m
Equity
€548,248 =
Provisions
€451,000 ▼ 13.6%
Debt
€6.3m ▼ 18.0%
Debt's share of the balance-sheet total falls from 87.8% to 86.3%. Debt is lower.
Key figures and ratios
EBITDA
€3.2m▼
2024 · €4.1m
Cash flow
€1.6m▼
2024 · €2.4m
Quick ratio
1.07▲
2024 · 1.07
Debt to equity
11.46▼
2024 · 13.98
ROE
254.4%▼
2024 · 396.2%
Interest coverage
377.39▼
2024 · 545.95
Debt ≤ 1 year
€6.3m▼
2024 · €7.7m
Income taxes
€573,804▼
2024 · €766,534
Staff costs
€3.5m▼
2024 · €4.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 496 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.2%
went bankrupt
3.2%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 496 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €48.6m | €49.9m | €45.2m | €44.0m | €39.3m | ▼ 10.6% |
| Turnover70 | €47.9m | €49.3m | €44.5m | €43.0m | €39.1m | ▼ 9.0% |
| Other operating income74 | €752,545 | €665,382 | €611,198 | €881,555 | €126,503 | ▼ 85.7% |
| Non-recurring operating income76A | €975 | - | €72,358 | €94,266 | €81,062 | ▼ 14.0% |
| Operating charges60/66A | €44.1m | €45.1m | €40.9m | €40.0m | €36.3m | ▼ 9.3% |
| Goods for resale, raw materials and consumables60 | €37.1m | €38.3m | €34.0m | €32.9m | €29.8m | ▼ 9.4% |
| Purchases600/8 | €37.1m | €38.3m | €34.0m | €32.9m | €29.8m | ▼ 9.4% |
| Change in stocks: decrease (increase)609 | -€1,770 | -€13,898 | -€2,583 | -€10,574 | -€6,319 | ▲ 40.2% |
| Services and other goods61 | €3.0m | €3.0m | €2.9m | €2.9m | €2.8m | ▼ 3.1% |
| Remuneration, social security and pensions62 | €3.9m | €3.7m | €3.6m | €4.0m | €3.5m | ▼ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €139,702 | €132,522 | €176,572 | €201,505 | €184,339 | ▼ 8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €15,317 | €45,315 | -€51,055 | €10,013 | -€1,139 | ▼ 111% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€52,810 | -€89,220 | €178,200 | €1,910 | -€69,350 | ▼ 3,731% |
| Other operating charges640/8 | €35,536 | €18,193 | €55,015 | €36,194 | €7,346 | ▼ 79.7% |
| Non-recurring operating charges66A | - | €540 | €3,403 | €10,405 | €5,443 | ▼ 47.7% |
| Operating profit (loss)9901 | €4.5m | €4.8m | €4.2m | €3.9m | €3.0m | ▼ 23.4% |
| Financial income75/76B | €6,815 | €790 | €94,455 | €134,585 | €84,775 | ▼ 37.0% |
| Recurring financial income75 | €6,815 | €790 | €94,455 | €134,585 | €84,775 | ▼ 37.0% |
| Income from current assets751 | €6,815 | - | - | - | - | - |
| Other financial income752/9 | - | €790 | €94,455 | €134,585 | €84,775 | ▼ 37.0% |
| Financial charges65/66B | €1.3m | €1.3m | €1.3m | €1.1m | €1.1m | ▼ 0.2% |
| Recurring financial charges65 | €1.3m | €1.3m | €1.3m | €1.1m | €1.1m | ▼ 0.2% |
| Debt charges650 | €22,359 | €10,712 | €8,988 | €7,594 | €8,494 | ▲ 11.9% |
| Other financial charges652/9 | €1.3m | €1.3m | €1.3m | €1.1m | €1.1m | ▼ 0.3% |
| Non-recurring financial charges66B | €805 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €3.2m | €3.5m | €3.1m | €2.9m | €2.0m | ▼ 33.0% |
| Income taxes67/77 | €854,884 | €932,172 | €780,441 | €766,534 | €573,804 | ▼ 25.1% |
| Taxes670/3 | €863,079 | €932,172 | €780,441 | €766,534 | €573,804 | ▼ 25.1% |
| Tax adjustments and reversals of tax provisions77 | €8,195 | - | - | - | - | - |
| Profit (loss) for the period9904 | €2.4m | €2.6m | €2.3m | €2.2m | €1.4m | ▼ 35.8% |
| Profit (loss) for the period to be appropriated9905 | €2.4m | €2.6m | €2.3m | €2.2m | €1.4m | ▼ 35.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.6m | €10.3m | €8.4m | €8.7m | €7.3m | ▼ 16.6% |
| Fixed assets21/28 | €288,349 | €192,111 | €557,920 | €540,889 | €541,009 | = |
| Intangible fixed assets21 | €1,457 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €286,892 | €192,111 | €557,920 | €540,889 | €541,009 | = |
| Plant, machinery and equipment23 | €63,361 | €39,324 | €30,980 | €21,637 | €19,945 | ▼ 7.8% |
| Furniture and vehicles24 | €75,427 | €64,639 | €71,768 | €81,538 | €67,886 | ▼ 16.7% |
| Other tangible fixed assets26 | €148,104 | €88,148 | €455,171 | €437,714 | €453,179 | ▲ 3.5% |
| Current assets29/58 | €7.3m | €10.1m | €7.8m | €8.2m | €6.7m | ▼ 17.7% |
| Stocks and contracts in progress3 | €44,958 | €39,686 | €35,571 | €16,429 | €27,364 | ▲ 66.6% |
| Stocks30/36 | €44,958 | €39,686 | €35,571 | €16,429 | €27,364 | ▲ 66.6% |
| Goods purchased for resale34 | €44,958 | €39,686 | €35,571 | €16,429 | €27,364 | ▲ 66.6% |
| Amounts receivable within one year40/41 | €7.0m | €9.7m | €7.4m | €7.7m | €6.5m | ▼ 15.9% |
| Trade receivables40 | €1.9m | €3.1m | €3.6m | €2.0m | €1.4m | ▼ 32.9% |
| Other amounts receivable41 | €5.1m | €6.6m | €3.8m | €5.7m | €5.1m | ▼ 9.8% |
| Cash at bank and in hand54/58 | €204,032 | €265,162 | €310,963 | €339,722 | €145,966 | ▼ 57.0% |
| Deferred charges and accrued income490/1 | €96,617 | €85,705 | €103,740 | €124,672 | €79,536 | ▼ 36.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.6m | €10.3m | €8.4m | €8.7m | €7.3m | ▼ 16.6% |
| Equity10/15 | €548,248 | €548,248 | €548,248 | €548,248 | €548,248 | = |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Non-distributable reserves130/1 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Legal reserve130 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | €273,248 | €273,248 | €273,248 | €273,248 | €273,248 | = |
| Provisions and deferred taxes16 | €445,490 | €355,480 | €525,090 | €521,840 | €451,000 | ▼ 13.6% |
| Provisions for liabilities and charges160/5 | €445,490 | €355,480 | €525,090 | €521,840 | €451,000 | ▼ 13.6% |
| Other liabilities and charges164/5 | €445,490 | €355,480 | €525,090 | €521,840 | €451,000 | ▼ 13.6% |
| Amounts payable17/49 | €6.6m | €9.4m | €7.3m | €7.7m | €6.3m | ▼ 18.0% |
| Amounts payable within one year42/48 | €6.6m | €9.4m | €7.3m | €7.7m | €6.3m | ▼ 18.0% |
| Trade debts44 | €3.2m | €5.1m | €3.8m | €4.4m | €3.9m | ▼ 9.8% |
| Suppliers440/4 | €3.2m | €5.1m | €3.8m | €4.4m | €3.9m | ▼ 9.8% |
| Advances received on contracts in progress46 | €3,844 | €3,845 | €3,845 | €0 | - | - |
| Taxes, remuneration and social security45 | €1.1m | €1.7m | €1.1m | €1.1m | €954,783 | ▼ 15.5% |
| Taxes450/3 | €63,079 | €883,691 | €555,649 | €582,590 | €476,692 | ▼ 18.2% |
| Remuneration and social security454/9 | €1.0m | €783,612 | €592,924 | €546,849 | €478,091 | ▼ 12.6% |
| Other amounts payable47/48 | €2.4m | €2.6m | €2.3m | €2.2m | €1.4m | ▼ 35.8% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.4m | €2.6m | €2.3m | €2.2m | €1.4m | ▼ 35.8% |
| + Depreciation and write-downs630 | €139,702 | €132,522 | €176,572 | €201,505 | €184,339 | ▼ 8.5% |
| Operating cash flow (approximation) | €2.5m | €2.7m | €2.5m | €2.4m | €1.6m | ▼ 33.5% |
| Investment in fixed assets (approximation) | - | -€36,284 | -€542,381 | -€184,475 | -€184,459 | = |
| Change in cash | - | €61,130 | €45,801 | €28,758 | -€193,756 | ▼ 774% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €1.4m ▼35.8%
Net result drops to €1.4m, the lowest in the series.
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €2.6m ▲8.1%
Operating result €4.8m, net result €2.6m, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 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
No directors read yet: 0 of 19 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 1990
Ground area
5.7 ha
Building footprint
2,065 m²
Volume, LiDAR
13,284 m³
Parcel 21306D0093/00K000, Brussels · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hansgrohe
since 19902.050.495.371
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0093/00K000 | Brussels | 5.7 ha | 1 · 2,064 m² | 12.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- MASCO CORPORATIONUS
- Hansgrohe SEDE
- Hansgrohe
Highest known parent: MASCO CORPORATION (United States). The sources do not say who stands above it.
Owners 1
- Hansgrohe SEDEparentSourceLEI registerconsolidated
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
894500GZQ1QFGNZGJ696
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Company details
Identification
Legal formPublic limited company
Founded20-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46836Wholesale trade
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442055427
Also
9925:BE0442055427
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.