HB SERVICES
ActiveSummary
HB SERVICES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46,274 and a net result of €4,502. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 59% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-23
Solvency80▼-1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.08 against 2.21 in 2023; short-term debt: 36% and cash: 3.9% of total assets), and 45.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
54.8%
Return on assets
5.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-09-2025, 35 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
35 d late
2023
257 d late
2022
61 d late
2021
426 d late
2020
54 d late
2019
144 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 163 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€46,274▼ 14.3%
2023 · €54,022
Total assets
€84,435▼ 12.3%
2023 · €96,281
Net result
€4,502▲ 21.7%
2023 · €3,699
Working capital
€32,759▼ 14.8%
2023 · €38,465
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6,537▲ 37.3%-€2,056€3,600€6,062▲ 68.4%€12,395▲ 104%
Net result€4,076within the sector's middle half▲ 2.7%-€3,167below the sector's middle half€2,420within the sector's middle half€3,699within the sector's middle half▲ 52.9%€4,502within the sector's middle half▲ 21.7%
Equity€54,570within the sector's middle half▲ 8.1%€51,403within the sector's middle half▼ 5.8%€50,323within the sector's middle half▼ 2.1%€54,022within the sector's middle half▲ 7.4%€46,274within the sector's middle half▼ 14.3%
Total assets€139,968within the sector's middle half=€112,234within the sector's middle half▼ 19.8%€96,424within the sector's middle half▼ 14.1%€96,281within the sector's middle half▼ 0.1%€84,435within the sector's middle half▼ 12.3%
Debt€85,398▼ 4.6%€60,830▼ 28.8%€46,101▼ 24.2%€42,258▼ 8.3%€38,161▼ 9.7%
Working capital€38,667within the sector's middle half▼ 12.8%€35,965within the sector's middle half▼ 7.0%€36,541within the sector's middle half▲ 1.6%€38,465within the sector's middle half▲ 5.3%€32,759within the sector's middle half▼ 14.8%
Solvency39.0%within the sector's middle half▲ 2.9pp45.8%within the sector's middle half▲ 6.8pp52.2%within the sector's middle half▲ 6.4pp56.1%within the sector's middle half▲ 3.9pp54.8%within the sector's middle half▼ 1.3pp
Current ratio1.71within the sector's middle half▲ 0.211.97within the sector's middle half▲ 0.262.29within the sector's middle half▲ 0.322.21within the sector's middle half▼ 0.082.08within the sector's middle half▼ 0.13
Return on assets (ROA)2.9%within the sector's middle half▲ 0.1pp-2.8%below the sector's middle half▼ 5.7pp2.5%within the sector's middle half▲ 5.3pp3.8%within the sector's middle half▲ 1.3pp5.3%within the sector's middle half▲ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 104% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84,435
Fixed assets
€21,252 ▼ 18.3%
Current assets
€63,183 ▼ 10.1%
Equity and liabilities €84,435
Equity
€46,274 ▼ 14.3%
Debt
€38,161 ▼ 9.7%
Debt's share of the balance-sheet total rises from 43.9% to 45.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18,802▲
2023 · €13,029
Cash flow
€10,910▲
2023 · €10,666
Quick ratio
0.98▼
2023 · 1.41
Debt to equity
0.82▲
2023 · 0.78
ROE
9.7%▲
2023 · 6.8%
Interest coverage
3.09▼
2023 · 13.56
Debt ≤ 1 year
€30,424▼
2023 · €31,790
Debt > 1 year
€6,500▼
2023 · €9,736
Income taxes
€1,808▲
2023 · €1,418
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
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 higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,771 | €8,802 | €8,023 | €6,966 | €6,408 | ▼ 8.0% |
| Other operating charges640/8 | - | €474 | €1,296 | €947 | €505 | ▼ 46.6% |
| Gross operating margin9900 | €14,136 | €7,220 | €12,919 | €13,975 | €19,308 | ▲ 38.2% |
| Operating profit (loss)9901 | €6,537 | -€2,056 | €3,600 | €6,062 | €12,395 | ▲ 104% |
| Financial income75/76B | - | - | €12 | €16 | €0 | ▼ 99.8% |
| Recurring financial income75 | €165 | - | €12 | €16 | €0 | ▼ 99.8% |
| Financial charges65/66B | - | €1,111 | €953 | €961 | €6,085 | ▲ 533% |
| Recurring financial charges65 | €1,160 | €1,111 | €953 | €961 | €6,085 | ▲ 533% |
| Profit (loss) for the period before taxes9903 | €5,541 | -€3,167 | €2,660 | €5,118 | €6,310 | ▲ 23.3% |
| Income taxes67/77 | €1,465 | - | €240 | €1,418 | €1,808 | ▲ 27.5% |
| Profit (loss) for the period9904 | €4,076 | -€3,167 | €2,420 | €3,699 | €4,502 | ▲ 21.7% |
| Profit (loss) for the period to be appropriated9905 | €4,076 | -€3,167 | €2,420 | €3,699 | €4,502 | ▲ 21.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139,968 | €112,234 | €96,424 | €96,281 | €84,435 | ▼ 12.3% |
| Fixed assets21/28 | €46,679 | €39,195 | €31,526 | €26,026 | €21,252 | ▼ 18.3% |
| Tangible fixed assets22/27 | €46,679 | €39,195 | €31,526 | €26,026 | €21,252 | ▼ 18.3% |
| Land and buildings22 | - | €1,873 | €1,605 | €1,338 | €1,070 | ▼ 20.0% |
| Plant, machinery and equipment23 | - | €3,602 | €1,523 | €1,613 | €2,048 | ▲ 27.0% |
| Furniture and vehicles24 | - | €33,720 | €28,398 | €23,075 | €18,134 | ▼ 21.4% |
| Current assets29/58 | €93,289 | €73,039 | €64,898 | €70,255 | €63,183 | ▼ 10.1% |
| Stocks and contracts in progress3 | €13,734 | €27,923 | €33,079 | €25,526 | €33,506 | ▲ 31.3% |
| Stocks30/36 | - | €13,923 | €18,079 | €13,026 | €18,256 | ▲ 40.1% |
| Contracts in progress37 | - | €14,000 | €15,000 | €12,500 | €15,250 | ▲ 22.0% |
| Amounts receivable within one year40/41 | €65,320 | €36,836 | €30,116 | €44,688 | €26,367 | ▼ 41.0% |
| Trade receivables40 | - | €28,770 | €23,475 | €36,505 | €18,545 | ▼ 49.2% |
| Other amounts receivable41 | - | €8,066 | €6,641 | €8,183 | €7,822 | ▼ 4.4% |
| Cash at bank and in hand54/58 | €2,235 | €8,279 | €1,702 | €41 | €3,310 | ▲ 8,040% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139,968 | €112,234 | €96,424 | €96,281 | €84,435 | ▼ 12.3% |
| Equity10/15 | €54,570 | €51,403 | €50,323 | €54,022 | €46,274 | ▼ 14.3% |
| Contributions10/11 | €26,051 | €26,051 | €26,051 | €26,051 | €26,051 | = |
| Capital10 | - | €26,051 | €26,051 | €26,051 | €26,051 | = |
| Issued capital100 | - | €26,051 | €26,051 | €26,051 | €26,051 | = |
| Reserves13 | €28,520 | €25,353 | €24,272 | €27,972 | €20,224 | ▼ 27.7% |
| Non-distributable reserves130/1 | - | €2,605 | €2,605 | €2,605 | €2,605 | = |
| Legal reserve130 | - | €2,605 | €2,605 | €2,605 | €2,605 | = |
| Distributable reserves133 | - | €22,748 | €21,667 | €25,366 | €17,618 | ▼ 30.5% |
| Amounts payable17/49 | €85,398 | €60,830 | €46,101 | €42,258 | €38,161 | ▼ 9.7% |
| Amounts payable after more than one year17 | €30,775 | €23,409 | €17,397 | €9,736 | €6,500 | ▼ 33.2% |
| Financial debts170/4 | - | €23,409 | €17,397 | €9,736 | €6,500 | ▼ 33.2% |
| Amounts payable within one year42/48 | €54,622 | €37,074 | €28,356 | €31,790 | €30,424 | ▼ 4.3% |
| Current portion of amounts payable after more than one year42 | - | €7,367 | €7,512 | €8,198 | €3,236 | ▼ 60.5% |
| Trade debts44 | €32,585 | €27,281 | €15,475 | €12,926 | €7,110 | ▼ 45.0% |
| Suppliers440/4 | - | €27,281 | €15,475 | €12,926 | €7,110 | ▼ 45.0% |
| Taxes, remuneration and social security45 | - | €2,365 | €240 | €1,658 | €3,466 | ▲ 109% |
| Taxes450/3 | - | €2,365 | €240 | €1,658 | €3,466 | ▲ 109% |
| Other amounts payable47/48 | - | €60 | €5,129 | €9,008 | €16,611 | ▲ 84.4% |
| Accrued charges and deferred income492/3 | - | €348 | €348 | €732 | €1,237 | ▲ 69.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,076 | -€3,167 | €2,420 | €3,699 | €4,502 | ▲ 21.7% |
| + Depreciation and write-downs630 | €6,771 | €8,802 | €8,023 | €6,966 | €6,408 | ▼ 8.0% |
| Operating cash flow (approximation) | €10,846 | €5,635 | €10,442 | €10,666 | €10,910 | ▲ 2.3% |
| Investment in fixed assets (approximation) | - | -€1,318 | -€354 | -€1,466 | -€1,635 | ▼ 11.5% |
| Change in cash | - | €6,044 | -€6,577 | -€1,662 | €3,270 | ▲ 297% |
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
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
14-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 257 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 426 days late
2022
31-12
Financial
Back to profitnet €2,420
Net result €2,420 after one loss-making year.
2021
31-12
Financial
Weakest financial yearnet -€3,167
Net result drops to -€3,167, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 54 days late
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
2019
13-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 105 days late
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 470 days late
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 143 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Berlaar · 1 establishment unit since 2012
Ground area
6,133 m²
Building footprint
429 m²
Volume, LiDAR
2,153 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
HB Services
since 20122.215.918.379
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002B0688/00M000 | Flanders | 3,625 m² | 1 · 227 m² | 8.8 m · 2 fl. |
| 12002C0773/00R000 | Flanders | 2,508 m² | 1 · 202 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,509 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0508650974
Also
9925:BE0508650974
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.