HB Solutions
ActiveSummary
The computed 12-month bankruptcy probability of HB Solutions is 1.7% (moderate). The 2025 annual accounts show equity of €417k and a net result of €259k. Equity is growing by ~106.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 1316 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+18
Solvency64▲+19
Growth78=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.22 in 2024; short-term debt: 51.7% and cash: 18.2% of total assets), and 60.7% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
39.3%
Return on assets
24.4%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
22 d early
2024
35 d early
2023
35 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€417k▲ 164%
2024 · €158k
Total assets
€1.06M▲ 32.7%
2024 · €801k
Net result
€259k▲ 235%
2024 · €77k
Working capital
€251k▲ 99.1%
2024 · €126k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€90k-€105k▲ 16.4%€370k▲ 253%
Net result€61k-€77k▲ 27.4%€259k▲ 235%
Equity€81k-€158k▲ 95.9%€417k▲ 164%
Total assets€523k-€801k▲ 53.1%€1.06M▲ 32.7%
Debt€442k-€642k▲ 45.2%€645k▲ 0.4%
Working capital€-14k-€126k€251k▲ 99.1%
Staff (FTE)0.8-1.3▲ 62.5%1.6▲ 23.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 253% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€263k ▲ 161%
Current assets
€800k ▲ 14.2%
Equity and liabilities €1.06M
Equity
€417k ▲ 164%
Debt
€645k ▲ 0.4%
Debt's share of the balance-sheet total falls from 80.2% to 60.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€425k▲
2024 · €153k
Cash flow
€314k▲
2024 · €126k
Current ratio
1.46▲
2024 · 1.22
Quick ratio
1.24▲
2024 · 1.06
Debt to equity
1.55▼
2024 · 4.06
ROE
62.1%▲
2024 · 49.0%
ROA
24.4%▲
2024 · 9.7%
Interest coverage
18.53▼
2024 · 21.65
Debt ≤ 1 year
€549k▼
2024 · €574k
Debt > 1 year
€96k▲
2024 · €68k
Income taxes
€88k▲
2024 · €20k
Staff costs
€62k▲
2024 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €34k | - |
| Remuneration, social security and pensions62 | €19k | €44k | €62k | ▲ 40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43k | €48k | €55k | ▲ 12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €20k | €16k | ▼ 19.8% |
| Other operating charges640/8 | €6k | €7k | €22k | ▲ 210% |
| Non-recurring operating charges66A | - | - | €864 | - |
| Gross operating margin9900 | €158k | €224k | €525k | ▲ 134% |
| Operating profit (loss)9901 | €90k | €105k | €370k | ▲ 253% |
| Financial income75/76B | €39 | €13 | €38 | ▲ 186% |
| Recurring financial income75 | €39 | €13 | €38 | ▲ 186% |
| Financial charges65/66B | €7k | €7k | €23k | ▲ 224% |
| Recurring financial charges65 | €7k | €7k | €23k | ▲ 224% |
| Profit (loss) for the period before taxes9903 | €83k | €98k | €347k | ▲ 255% |
| Income taxes67/77 | €22k | €20k | €88k | ▲ 335% |
| Profit (loss) for the period9904 | €61k | €77k | €259k | ▲ 235% |
| Profit (loss) for the period to be appropriated9905 | €61k | €77k | €259k | ▲ 235% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €523k | €801k | €1.06M | ▲ 32.7% |
| Fixed assets21/28 | €128k | €101k | €263k | ▲ 161% |
| Tangible fixed assets22/27 | €117k | €90k | €253k | ▲ 179% |
| Plant, machinery and equipment23 | €50k | €51k | €57k | ▲ 12.9% |
| Furniture and vehicles24 | €68k | €40k | €155k | ▲ 291% |
| Leasing and similar rights25 | - | - | €41k | - |
| Financial fixed assets28 | €11k | €11k | €11k | = |
| Current assets29/58 | €396k | €700k | €800k | ▲ 14.2% |
| Stocks and contracts in progress3 | €77k | €93k | €120k | ▲ 29.2% |
| Stocks30/36 | €77k | €93k | €120k | ▲ 29.2% |
| Amounts receivable within one year40/41 | €261k | €523k | €481k | ▼ 8.1% |
| Trade receivables40 | €261k | €510k | €479k | ▼ 6.2% |
| Other amounts receivable41 | - | €13k | €2k | ▼ 83.0% |
| Cash at bank and in hand54/58 | €52k | €80k | €194k | ▲ 142% |
| Deferred charges and accrued income490/1 | €6k | €4k | €5k | ▲ 35.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €523k | €801k | €1.06M | ▲ 32.7% |
| Equity10/15 | €81k | €158k | €417k | ▲ 164% |
| Contributions10/11 | €20k | €20k | €20k | = |
| Reserves13 | €61k | €138k | €397k | ▲ 187% |
| Distributable reserves133 | €61k | €138k | €397k | ▲ 187% |
| Amounts payable17/49 | €442k | €642k | €645k | ▲ 0.4% |
| Amounts payable after more than one year17 | €32k | €68k | €96k | ▲ 40.5% |
| Financial debts170/4 | €32k | €68k | €96k | ▲ 40.5% |
| Amounts payable within one year42/48 | €410k | €574k | €549k | ▼ 4.4% |
| Current portion of amounts payable after more than one year42 | €13k | €14k | €33k | ▲ 135% |
| Trade debts44 | €109k | €290k | €140k | ▼ 51.7% |
| Suppliers440/4 | €109k | €290k | €140k | ▼ 51.7% |
| Advances received on contracts in progress46 | €830 | - | - | - |
| Taxes, remuneration and social security45 | €62k | €23k | €133k | ▲ 489% |
| Taxes450/3 | €51k | €20k | €128k | ▲ 532% |
| Remuneration and social security454/9 | €11k | €2k | €5k | ▲ 120% |
| Other amounts payable47/48 | €225k | €248k | €243k | ▼ 1.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €77k | €259k | ▲ 235% |
| + Depreciation and write-downs630 | €43k | €48k | €55k | ▲ 12.9% |
| Operating cash flow (approximation) | €104k | €126k | €314k | ▲ 149% |
| Investment in fixed assets (approximation) | - | €-22k | €-217k | ▼ 897% |
| Change in cash | - | €28k | €113k | ▲ 302% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €259k ▲235%
Operating result €370k, net result €259k, both a record.
31-12
Financial
Equity above €200kEq €417k ▲164%
3 profitable years in a row build equity to €417k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €158k ▲95.9%
2 profitable years in a row build equity to €158k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Lokeren · 1 establishment unit since 2022
Ground area
4,511 m²
Building footprint
1,538 m²
Parcel 46382B1338/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
HB Solutions
since 20222.335.351.610
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1338/00C000 | Flanders | 4,511 m² | 1 · 1,538 m² | - |
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.
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Of 3,718 companies in sector 33120 we hold annual accounts for 1,344. 970 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
Founded12-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
33190
46620Wholesale of machine tools
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46720Wholesale of motor vehicle parts and accessories
95220
Scores and ratios are computed by Checked and are not a credit decision.