HBR CONSTRUCT

Active

Private limited companyfounded 20233 yrs activeRozestraat 75, 9910 Aalter, BelgiumKBO/BCE: BE 0801.924.734

The computed 12-month bankruptcy probability of HBR CONSTRUCT is 2.0% (moderate). The 2025 annual accounts show equity of €195k and a net result of €53k. Its solvency ranks better than 81% of 27172 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

93 / 100

Excellent= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency100=

Growth52

Stability94

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €18k at 30 days acceptable

Liquidity ample (current ratio 3.62 against 2.0 in 2024), and 23.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

76.7%

Return on assets

20.8%

Age of the figures

8 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 2 filings

Deviation from the deadline

2025

28 d late

2024

48 d early

← before the deadline after the deadline →

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 months

Position in the running window

10-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€195k▲ 37.1%

2024 · €142k

2024: €142k

2024 → 2025

Total assets

€255k▲ 19.4%

2024 · €213k

2024: €213k

2024 → 2025

Net result

€53k▼ 60.1%

2024 · €132k

2024: €132k

2024 → 2025

Working capital

€155k▲ 120%

2024 · €71k

2024: €71k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€142k-€195k▲ 37.1%

Operating result€171k-€60k▼ 64.8%

Net result€132k-€53k▼ 60.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 65% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €255k

15.8%

84.2%

Fixed assets €40k▼ 44.2%

Current assets €214k▲ 51.7%

Equity and liabilities €255k

76.7%

23.3%

Equity €195k▲ 37.1%

Debt €59k▼ 16.3%

The debt ratio falls from 33.2% to 23.3%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€94k▼

2024 · €192k

Cash flow

€87k▼

2024 · €154k

Solvency

76.7%▲

2024 · 66.8%

Current ratio

3.62▲

2024 · 2.00

Quick ratio

3.62▲

2024 · 2.00

Debt / equity

0.30▼

2024 · 0.50

ROE

27.1%▼

2024 · 93.0%

ROA

20.8%▼

2024 · 62.1%

Interest coverage

88.36▼

2024 · 1431.32

Debt

€59k▼

2024 · €71k

Debt ≤ 1 year

€59k▼

2024 · €71k

Income taxes

€12k▼

2024 · €38k

Staff costs

€29k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€213k€255k▲

Fixed assets21/28€72k€40k▼

Tangible fixed assets22/27€72k€40k▼

Plant, machinery and equipment23€8k€1k▼

Furniture and vehicles24€64k€39k▼

Current assets29/58€141k€214k▲

Amounts receivable within one year40/41€80k€188k▲

Trade receivables40€54k€3k▼

Other amounts receivable41€27k€185k▲

Cash at bank and in hand54/58€59k€23k▼

Deferred charges and accrued income490/1€2k€3k▲

Equity and liabilities

Total equity and liabilities10/49€213k€255k▲

Equity10/15€142k€195k▲

Contributions10/11€10k€10k=

Profit (loss) carried forward14€132k€185k▲

Amounts payable17/49€71k€59k▼

Amounts payable within one year42/48€71k€59k▼

Trade debts44€18k€5k▼

Suppliers440/4€18k€5k▼

Taxes, remuneration and social security45€52k€54k▲

Taxes450/3€39k€50k▲

Remuneration and social security454/9€13k€4k▼

Accrued charges and deferred income492/3€9-

Income statement Code20242025

Remuneration, social security and pensions62-€29k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€34k▲

Other operating charges640/8€2k€2k▼

Gross operating margin9900€194k€125k▼

Operating profit (loss)9901€171k€60k▼

Financial income75/76B€214€6k▲

Recurring financial income75€214€6k▲

Financial charges65/66B€134€1k▲

Recurring financial charges65€134€1k▲

Profit (loss) for the period before taxes9903€171k€65k▼

Income taxes67/77€38k€12k▼

Profit (loss) for the period9904€132k€53k▼

Profit (loss) for the period to be appropriated9905€132k€53k▼

Appropriation of the result

Profit (loss) to be appropriated9906€132k€185k▲

Profit (loss) brought forward from the previous period14P-€132k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 28 days late

2025

31-12

Financial Equity above €150kEq €195k ▲37.1%

2 profitable years in a row build equity to €195k.

13-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 act for this company is 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, Aalter · 1 establishment unit since 2023

exact location from the address register On OpenStreetMap

Ground area

355 m²

Building footprint

156 m²

Volume, LiDAR

732 m³

Parcel 44067A0592/00H000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

HBR CONSTRUCT

Rozestraat 75, 9910 AalterGeneral electrical installation work

since 20232.345.296.484

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44067A0592/00H000	Flanders	355 m²	1 · 156 m²	10.1 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

HARACINA CONSTRUCT

BE 0837.251.639

Evere · Eq €195k

All Construction & Interior

BE 1012.527.669

Grimbergen · Eq €195k

BOUWONDERNEMING F. DE KONINCK

Of 29,529 companies in sector 41001 we hold annual accounts for 15,848. 12,033 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-05-2023

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

43211General electrical installation work

43240Other construction installation

43299Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.