Equity
hbits paid out €23,364 in dividends in a year with a loss of €38,613.
hbits paid out €23,364 in dividends in a year with a loss of €38,613.
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts rose by €262,161 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Short-term debts fell from €61,112 to €42,568.
Lower net result than 95% of companies in computer programming and consultancy. Sector median €28,568 · 21,211 companies.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 32% of them on solvency, 96% on liquidity, 13% on profitability and 24% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,440 companies had the same profile as hbits has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of hbits itself is lower: < 0.1% within 12 months. It rests on far more data about hbits than the profile alone.
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,440 companies, not a prediction for hbits. 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.
Liquidity is ample, with a current ratio of 15.12 (7.23 in 2024), above the usual 1.5. Short-term debt is 6.6% and cash 88.9% of total assets. However, 65.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| hbits Etterbeek | €645,251 | €91,344 | 34.6% | - |
| SQUARE VALLEY Beringen | €601,695 | €88,943 | 33.4% | - |
| CODOX Scherpenheuvel-Zichem | €702,695 | €90,459 | 27.9% | - |
| SQIT Steenokkerzeel | €671,762 | €94,237 | 46.5% | - |
| PITCHDRIVE Antwerp | €685,973 | €108,141 | 65.1% | 2 |
| Mpacts Lievegem | €555,773 | €94,923 | 92.2% | - |
| NUMBERS Wellen | €664,748 | €76,685 | 33.7% | - |
These companies have the same main activity as hbits: computer programming (NACE 62100). They are comparable in size and age: total assets between €556,000 and €703,000, founded between 2018 and 2019.
hbits files the micro format. That format states no turnover. The gross margin rose from €90,489 in 2019 to €91,344 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 30% of 21,205 companies in 2025.
Higher than 93% of 20,568 companies in 2025.
Higher than 12% of 20,743 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
645,251 | 445,067 | 573,767 | 542,670 | 503,073 | 188,421 | 33,124 | |
21/28 |
1,774 | 3,215 | 8,676 | 14,496 | 8,080 | 6,284 | - | |
22/27 |
1,774 | 3,215 | 8,676 | 14,496 | 8,080 | 6,284 | - | |
24 |
1,774 | 3,215 | 8,676 | 14,496 | 8,080 | 6,284 | - | |
29/58 |
643,477 | 441,852 | 565,090 | 528,174 | 494,992 | 182,137 | 33,124 | |
3 |
- | 34,070 | - | - | 14,612 | 39,550 | 19,750 | |
37 |
- | 34,070 | - | - | 14,612 | 39,550 | 19,750 | |
40/41 |
66,704 | 67,042 | 48,455 | 46,328 | 140,981 | 2,622 | 3,720 | |
40 |
1,500 | 5,000 | - | - | 140,981 | - | - | |
41 |
65,204 | 62,042 | 48,455 | 46,328 | - | 2,622 | 3,720 | |
54/58 |
573,337 | 337,750 | 515,287 | 481,025 | 338,322 | 139,005 | 8,373 | |
490/1 |
3,437 | 2,991 | 1,348 | 821 | 1,078 | 960 | 1,282 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
645,251 | 445,067 | 573,767 | 542,670 | 503,073 | 188,421 | 33,124 | |
10/15 |
223,139 | 285,116 | 319,866 | 401,969 | 347,701 | 142,680 | 16,912 | |
10/11 |
6,525 | 6,525 | 6,525 | 6,525 | 6,525 | 6,525 | 6,525 | |
10 |
- | - | - | 6,525 | 6,525 | - | - | |
100 |
- | - | - | 19,125 | 19,125 | 19,125 | 19,125 | |
101 |
- | - | - | 12,600 | 12,600 | 12,600 | 12,600 | |
13 |
372,036 | 395,400 | 395,400 | 395,400 | 341,000 | 136,000 | 10,300 | |
133 |
372,036 | 395,400 | 395,400 | 395,400 | 341,000 | 136,000 | 10,300 | |
14 |
-155,422 | -116,809 | -82,059 | 44 | 176 | 155 | 87 | |
16 |
- | - | 58,866 | - | - | - | - | |
160/5 |
- | - | 58,866 | - | - | - | - | |
164/5 |
- | - | 58,866 | - | - | - | - | |
17/49 |
422,112 | 159,952 | 195,035 | 140,701 | 155,371 | 45,741 | 16,212 | |
42/48 |
42,568 | 61,112 | 57,731 | 88,481 | 123,833 | 45,741 | 16,212 | |
44 |
25,061 | 44,510 | 34,435 | 35,623 | 58,290 | 8,109 | 184 | |
440/4 |
25,061 | 44,510 | 34,435 | 35,623 | 58,290 | 8,109 | 184 | |
45 |
17,051 | 16,258 | 22,952 | 52,857 | 65,542 | 37,632 | 16,029 | |
450/3 |
188 | - | - | 31,760 | 51,329 | 23,460 | 8,349 | |
454/9 |
16,863 | 16,258 | 22,952 | 21,097 | 14,214 | 14,172 | 7,679 | |
47/48 |
455 | 344 | 344 | - | - | - | - | |
492/3 |
379,545 | 98,840 | 137,304 | 52,220 | 31,538 | - | - | |
| Income statement | ||||||||
70/76A |
- | - | 465,381 | 495,825 | 528,231 | - | - | |
70 |
- | - | 463,266 | 504,356 | 548,345 | - | - | |
71 |
- | - | - | -14,612 | -24,938 | - | - | |
74 |
- | - | 2,115 | 6,081 | 4,824 | - | - | |
9900 |
91,344 | 30,376 | - | - | - | 209,030 | 90,489 | |
60/66A |
- | - | 547,270 | 432,370 | 294,330 | - | - | |
60 |
- | - | 304,169 | 280,162 | 182,857 | - | - | |
600/8 |
- | - | 304,169 | 280,162 | 182,857 | - | - | |
61 |
- | - | 58,685 | 49,265 | 42,684 | - | - | |
62 |
125,599 | 117,687 | 117,731 | 96,114 | 64,798 | 65,014 | 73,843 | |
630 |
3,241 | 5,461 | 7,364 | 5,879 | 3,374 | 1,213 | - | |
635/8 |
- | -58,866 | 58,866 | - | - | - | - | |
640/8 |
695 | 601 | 456 | 951 | 616 | 611 | 1,400 | |
9901 |
-38,190 | -34,508 | -81,889 | 63,455 | 233,901 | 142,192 | 15,245 | |
75/76B |
15 | 5 | - | - | 1 | - | - | |
75 |
15 | 5 | - | - | 1 | - | - | |
752/9 |
- | - | - | - | 1 | - | - | |
65/66B |
249 | 82 | 56 | 383 | 953 | 33 | 29 | |
65 |
249 | 82 | 56 | 383 | 953 | 33 | 29 | |
652/9 |
- | - | 56 | 383 | 953 | - | - | |
9903 |
-38,424 | -34,585 | -81,946 | 63,072 | 232,949 | 142,159 | 15,217 | |
67/77 |
189 | 165 | 158 | 8,804 | 27,928 | 16,390 | 4,830 | |
670/3 |
- | - | 160 | 8,804 | 27,928 | - | - | |
77 |
- | - | 2 | - | - | - | - | |
9904 |
-38,613 | -34,750 | -82,103 | 54,268 | 205,021 | 125,769 | 10,387 | |
9905 |
-38,613 | -34,750 | -82,103 | 54,268 | 205,021 | 125,769 | 10,387 | |
| Appropriation of the result | ||||||||
9906 |
-155,422 | -116,809 | -82,059 | 54,444 | 205,176 | 125,855 | 10,387 | |
14P |
-116,809 | -82,059 | 44 | 176 | 155 | - | - | |
791/2 |
23,364 | - | - | - | - | - | - | |
691/2 |
- | - | - | 54,400 | 205,000 | 125,700 | 10,300 | |
6921 |
- | - | - | 54,400 | 205,000 | 125,700 | 10,300 | |
694/7 |
23,364 | - | - | - | - | - | - | |
694 |
23,364 | - | - | - | - | - | - | |
| Social balance sheet | ||||||||
9087 |
1.8 | 1.8 | 2 | 1.7 | 1 | 1 | 1 | |
Men (FTE)1003 |
- | - | 2 | 1.7 | 1 | - | - | |
Hours worked1013 |
3,115 | 3,126 | 3,497 | 2,888 | 1,752 | 1,810 | 1,752 | |
| Document | ||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-03-2026 | 2026-00050470 | |
| 31-12-2024 | abbreviated format | 14-07-2025 | 2025-00269817 | |
| 31-12-2023 | full format | 11-07-2024 | 2024-00248235 | |
| 31-12-2022 | full format | 16-06-2023 | 2023-00145208 | |
| 31-12-2021 | full format | 01-07-2022 | 2022-20155669 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-43000523 | |
| 31-12-2019 | micro format | 06-07-2020 | 2020-26400169 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| -34,949 | -29,047 | -74,525 | 69,333 | 237,275 | 143,405 | - | ||
| -35,372 | -29,289 | -74,739 | 60,146 | 208,395 | 126,982 | - | ||
| 1,800 | 0 | 1,545 | 12,294 | 5,170 | 7,497 | - | ||
| 235,586 | -177,537 | 34,262 | 142,703 | 199,317 | 130,632 | - | ||
| 600,909 | 380,741 | 507,359 | 439,694 | 371,160 | 136,396 | 16,912 | ||
| - | - | -17.7% | 12.6% | 42.7% | - | - | ||
| 34.6% | 64.1% | 55.7% | 74.1% | 69.1% | 75.7% | 51.1% | ||
| 15.12 | 7.23 | 9.79 | 5.97 | 4.00 | 3.98 | 2.04 | ||
| 15.12 | 6.67 | 9.79 | 5.97 | 3.88 | 3.12 | 0.82 | ||
| 1.89 | 0.56 | 0.61 | 0.35 | 0.45 | 0.32 | 0.96 | ||
| -17.3% | -12.2% | -25.7% | 13.5% | 59.0% | 88.1% | 61.4% | ||
| -6.0% | -7.8% | -14.3% | 10.0% | 40.8% | 66.7% | 31.4% | ||
| -140.24 | -355.79 | -1325.37 | over 100 | over 100 | - | - | ||
| - | - | 38 days | 34 days | 94 days | - | - | ||
| - | - | 35 days | 39 days | 94 days | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Source: 2023 accounts, page 16, filing 2024-00248235
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 | 1 |
| full-time | 1 | 1 | 1 | 2 | 1 |
| part-time | 1 | 1 | 1 | - | - |
| in full-time equivalents | 1.8 | 1.8 | 1.8 | 2 | 1 |
| 1.8 | 1.8 | 2 | 1.7 | 1 | |
| On a permanent contract | 2 | 2 | 2 | 2 | 1 |
| Joined | - | - | 2 | 1 | - |
| Left | - | - | 2 | 0 | - |
| Training hours | - | - | - | - | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,800 | - | €1,545 | €12,294 | €5,170 |
| €3,241 | €5,461 | €7,364 | €5,879 | €3,374 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
The operating result for 2025 is a loss of €38,190, larger than the loss of €34,508 in 2024.
Debt's share of the balance-sheet total rises from 35.9% to 65.4%. Equity is lower and debt is higher.
hbits has no parent and no holdings in its annual accounts. hbits shares no director with another company.
| WOOCLAP
registered office since 06-10-2014 · founded in 2014 |
19 FTE (2025) 0563.691.645 |
| Incubatiecentrum Arsenaal Brussel
registered office since 19-05-2006 · founded in 2005 |
2.9 FTE (2025) 0876.709.853 |
| FNRCK Invest
establishment since 12-04-2023 · founded in 2023 |
total assets €5.9m (2025) 0800.546.146 |
| Primento Digital
registered office since 13-08-2012 · founded in 2006 |
total assets €2.9m (2025) 0885.604.357 |
| TC FLOAT
registered office since 11-07-2014 · founded in 2014 |
2.5 FTE (2025) 0555.838.209 |
| KABANDY
registered office since 11-03-2016 · founded in 2016 |
4.3 FTE (2025) 0649.859.121 |
| QBIC Brussels Fund
registered office since 19-06-2012 · founded in 2012 · group QBIC Feeder Fund |
total assets €2.2m (2025) 0846.785.551 |
| ACTIVE GOLFTRAVEL
establishment since 03-08-2000 · founded in 2000 |
4.8 FTE (2025) 0471.548.276 |
| PENBOX
registered office since 28-11-2019 · founded in 2019 |
2.4 FTE (2025) 0738.549.585 |
| SynHERA
establishment since 01-10-2019 · founded in 1999 · accounts filed late |
total assets €1.5m (2024) 0465.901.193 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Witte Patersstraat 4 registered office 1040 Etterbeek | 30-10-2018 | 2.282.491.360 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21363B0348/00A002 | 3,170 m² | 1 · 2,221 m² | 12.0 m · 3 |
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