Financials
- Fiscal year
- 2025
- Total assets
- €262,180
- Profit
- €734
- Solvency
- 35.9%
Total assets▼ 10.7%
Net result
20182025
HARDBOUW
ActiveSummary
HARDBOUW has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94,045 and a net result of €734. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 38% of 30651 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
What they do
Bricklaying and masonry work
NACE 43910Other construction installation NACE 43240NACE 43299
1 site
How big
€262,180total assets 2025
- Staff
- 1.5 FTE
- Equity
- €94,045
- Profit
- €734
Turnover not published (abridged schema)
Who decides
Accounts filed 56 d late0 of 18 deeds read
Why 81- Latest accounts 56 days late; 3 of the last 3 late- Sector Specialised construction activities (NACE 43)+ Founded in 2010+ Liquidity: current ratio 1.45, cash €90,365Show the evidence
Checked score
Score 2025
81
/ 100
Excellent
Probability in this band: under 0.55%
Better than 44% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
61+4
equity 35.9% of total assets
Liquidity
68+16
short-term debt 50.9% · cash 34.5%
Profitability
69+69
return on assets 0.3%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Latest accounts 56 days late; 3 of the last 3 late raises the probability
- Founded in 2010 lowers the probability for this profile
- Liquidity: current ratio 1.45, cash €90,365 lowers the probability
- Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.39 in 2024; short-term debt: 50.9% and cash: 34.5% of total assets), and 64.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 38%, liquidity 66%, profitability 36%, growth against the median 37%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
56 d late
2024
61 d late
2023
83 d late
2022
94 d late
2021
47 d late
2020
118 d late
2019
69 d late
← 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 75 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 30 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €734
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 25-09-2026Annual accounts filed
- 31-12-2025Back to profit
- 30-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Bricklaying and masonry workNACE 43910
- Founded
- 17-02-2010
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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