Equity
-€1,019
Debts exceed assets in financial year 2025.
HARGOTECH
Lifetime
4 annual accounts with figures on one time axispeak €24,386 (2023)
€3,166▲ €4,728
lowest -€5,065 (2024)
€1,414▲ €6,480
peak €21,320 (2023)
-€1,019▲ €1,414
€12,483▼ 41.5%
Board3 names since 2021
2 directors and 1 other
Documentsfilings and deeds
30-10-20251 day before the deadline
2025micro format
Gross margin from -€1,562 to €3,166Back to profit: €1,414Equity from -€2,434 to -€1,019Debts from €21,327 to €12,483Cash from €2,035 to €9,312
Key points
from the 2025 annual accountsTurnover
≈ €40,000 estimated
The micro format states no turnover.
Debts
€12,483 109% of the balance sheet
Financial debts 42%Suppliers 2%Other 56%
Of this, €7,215 falls due within a year.
Liquidity
1.55 was 0.74 in 2024
Short-term debts fell from €9,085 to €7,215.
Filings
4 annual accounts 12 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Position in the sector
-8.9%
Lower solvency than 82% of companies in wholesale trade. Sector median 40.6% · 15,428 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,180 companies had the same profile as HARGOTECH has now. Each dot stands for 6 companies, two years later.
88.8%
were still trading
5.8%
stopped another way
4.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,180 companies, not a prediction for HARGOTECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 11-03-2021
Director, since 11-03-2021
- 50 sharesdeed of 15-03-2021
- 50 sharesdeed of 15-03-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0764955262
Incorporation
Founding capital of €6,000, 100 shares · Founders: and · Appointments: (director) and (director) · published on 15-03-2021 · Gazette deed
First establishment
Rue Emile Marcq 22, Genappe
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HARGOTECH Genappe | €11,464 | €3,166 | -8.9% | - |
| Bel-Mach Lochristi | €12,082 | -€3,723 | -198.7% | - |
| S.J. CONCEPT Jalhay | €28,232 | -€3,040 | -51.2% | - |
| TERRANIS Diksmuide | €11,277 | -€6,191 | 70.5% | - |
| AC INTERNATIONAL CONSULTING Hoeilaart | €35,585 | €9,915 | 11.3% | - |
| LANDBOUWMACHINES CHRISTIAN Ghent | €37,098 | €5,889 | 13.8% | - |
| MELKTECHNIK BELGIEN Saint-Vith | €25,926 | €16,801 | 74.1% | - |
These companies have the same main activity as HARGOTECH: wholesale trade (NACE 46610). They are comparable in size and age: total assets between €11,300 and €37,100, founded between 2012 and 2024.
Official details
Source: KBO- Status
- Active since 11-03-2021Normal situation
- Activity
- Wholesale tradeNACE 46610and 1 other
- Establishment unit
- 2.314.625.7771474 Genappe, since 11-03-2021
- Financial year end
- 31 March
- Peppol
- Reachable since 04-01-2026
Insights on HARGOTECH
HARGOTECH files the micro format. That format states no turnover. The gross margin rose from €3,017 in 2022 to €3,166 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HARGOTECH
- What is the company number of HARGOTECH?
- The company number of HARGOTECH is 0764.955.262. The VAT number is the same number with BE in front: BE 0764.955.262.
- Where is HARGOTECH based?
- The registered office is at Rue Emile Marcq 22, 1474 Genappe.Company details
- What does HARGOTECH do?
- According to the KBO register, the main activity is wholesale trade (NACE 46610).
- What is the legal form of HARGOTECH?
- HARGOTECH is a private limited company (BV).
- When was HARGOTECH founded?
- HARGOTECH was founded on 11-03-2021.
- Is HARGOTECH still active?
- Yes, HARGOTECH is an active enterprise in the KBO register.
- What is the turnover of HARGOTECH?
- The turnover in financial year 2025 is ≈ €40,000. This figure is estimated from the gross margin of €3,166 and 211 comparable companies (NACE 46). It probably lies between €19,000 and €98,000. It is a rough estimate.Financials
- Is HARGOTECH profitable?
- In financial year 2025, HARGOTECH made a profit of €1,414.
- Where can I find the annual accounts of HARGOTECH?
- HARGOTECH filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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