HARDWARE ELECTRONICS
ActiveHARDWARE ELECTRONICS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €288k and a net result of €1k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 86% of 20795 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
94
/ 100
Excellent▲ +42 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability2▲+2
Solvency100=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 9.08 against 9.0 in 2023), and 10.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
2 d late
2022
21 d late
2021
92 d late
2020
184 d late
2019
84 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€288k▲ 0.4%
2023 · €287k
2022: €295k
2023: €287k
2022 → 2024
Total assets
€323k▲ 0.3%
2023 · €322k
2022: €340k
2023: €322k
2022 → 2024
Net result
€1k
2023 · €-8k
2022: €-3k
2023: €-8k
2022 → 2024
Working capital
€283k▲ 0.6%
2023 · €282k
2022: €288k
2023: €282k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€295k-€287k▼ 2.9%€288k▲ 0.4%
Operating result€-3k-€-9k▼ 252%€-109▲ 98.8%
Net result€-3k-€-8k▼ 176%€1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €109 in 2024 against €9k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €323k
Fixed assets
€5k▼ 11.0%
Current assets
€318k▲ 0.5%
Equity and liabilities €323k
Equity
€288k▲ 0.4%
Debt
€35k▼ 0.5%
The debt ratio falls from 10.9% to 10.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€4k▲
2023 · €-5k
Cash flow
€5k▲
2023 · €-4k
Solvency
89.2%▲
2023 · 89.1%
Current ratio
9.08▲
2023 · 9.00
Quick ratio
9.07▲
2023 · 8.98
Debt / equity
0.12▼
2023 · 0.12
ROE
0.4%▲
2023 · -3.0%
ROA
0.4%▲
2023 · -2.6%
Interest coverage
27.51▲
2023 · -23.01
Debt
€35k▼
2023 · €35k
Debt ≤ 1 year
€35k▼
2023 · €35k
Income taxes
€362▼
2023 · €368
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Total assets
20/58€322k€323k▲
Fixed assets
21/28€5k€5k▼
Tangible fixed assets
22/27€5k€5k▼
Current assets
29/58€317k€318k▲
Stocks & contracts in progress
3€645€595▼
Amounts receivable within one year
40/41€7k€8k▲
Cash & bank
54/58€307k€308k▲
Total equity & liabilities
10/49€322k€323k▲
Equity
10/15€287k€288k▲
Contributions / capital
10/11€19k€19k=
Reserves
13€295k€295k=
Accumulated profits (losses)
14€-27k€-26k▲
Amounts payable
17/49€35k€35k▼
Amounts payable within one year
42/48€35k€35k▼
Trade debts payable within one year
44€2k€4k▲
Income statement
Code20232024
Gross operating margin
9900€-4k€5k▲
Operating result
9901€-9k€-109▲
Financial income
75€1k€2k▲
Financial charges
65€215€141▼
Result before taxes
9903€-8k€2k▲
Income taxes
67/77€368€362▼
Net result for the period
9904€-8k€1k▲
Result to be appropriated
9905€-8k€1k▲
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 184 days late
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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Of 16,864 companies in sector 62100 we hold annual accounts for 8,564. 6,112 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-1988
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 21-07-2026. Scores and ratios are computed by Checked and are not a credit decision.