HBtec
ActiveSummary
The computed 12-month bankruptcy probability of HBtec is 2.4% (moderate). The 2025 annual accounts show equity of €11k and a net result of €10k. Equity is growing by ~600.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 27965 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
Profitability90▲+45
Solvency47▲+21
Growth78=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 0.95 in 2024; short-term debt: 77.8% and cash: 12.3% of total assets), and 77.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
22.2%
Return on assets
20.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 24%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
134 d late
2023
54 d late
← 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
€11k▲ 1,538%
2024 · €667
2023: €-992lowest in 3 years
2024: €667▲ +167% vs 2023
2025: €11k▲ +1538% vs 2024highest in 3 years
2023 → 2025
Total assets
€49k▼ 10.8%
2024 · €55k
2023: €33klowest in 3 years
2024: €55k▲ +67.5% vs 2023highest in 3 years
2025: €49k▼ -10.8% vs 2024
2023 → 2025
Net result
€10k▲ 518%
2024 · €2k
2023: €-4klowest in 3 years
2024: €2k▲ +142% vs 2023
2025: €10k▲ +518% vs 2024highest in 3 years
2023 → 2025
Working capital
€7k
2024 · €-3k
2023: €-4klowest in 3 years
2024: €-3k▲ +36.9% vs 2023
2025: €7k▲ +362% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-992-€667€11k▲ 1,538%
2023: €-992lowest in 3 years
2024: €667▲ +167% vs 2023
2025: €11k▲ +1538% vs 2024highest in 3 years
Operating result€-4k-€2k€13k▲ 656%
2023: €-4klowest in 3 years
2024: €2k▲ +143% vs 2023
2025: €13k▲ +656% vs 2024highest in 3 years
Net result€-4k-€2k€10k▲ 518%
2023: €-4klowest in 3 years
2024: €2k▲ +142% vs 2023
2025: €10k▲ +518% vs 2024highest in 3 years
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 656% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49k
Fixed assets
€4k =
Current assets
€46k ▼ 11.5%
Equity and liabilities €49k
Equity
€11k ▲ 1,538%
Debt
€38k ▼ 29.7%
Debt's share of the balance-sheet total falls from 98.8% to 77.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.19▲
2024 · 0.95
Quick ratio
1.03▲
2024 · 0.95
Debt to equity
3.51
ROE
93.9%
ROA
20.8%▲
2024 · 3.0%
Debt ≤ 1 year
€38k▼
2024 · €55k
Income taxes
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€55k€49k▼
Fixed assets21/28€4k€4k=
Financial fixed assets28€4k€4k=
Current assets29/58€52k€46k▼
Stocks and contracts in progress3-€6k
Stocks30/36-€6k
Amounts receivable within one year40/41€51k€33k▼
Trade receivables40€46k€26k▼
Other amounts receivable41€6k€7k▲
Cash at bank and in hand54/58€572€6k▲
Equity and liabilities
Total equity and liabilities10/49€55k€49k▼
Equity10/15€667€11k▲
Contributions10/11€3k€3k=
Reserves13-€10k
Distributable reserves133-€10k
Profit (loss) carried forward14€-2k€-2k=
Amounts payable17/49€55k€38k▼
Amounts payable within one year42/48€55k€38k▼
Trade debts44€48k€32k▼
Suppliers440/4€48k€32k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€6k€6k▲
Taxes450/3€6k€6k▲
Income statement
Code20242025
Other operating charges640/8€471€1k▲
Gross operating margin9900€2k€14k▲
Operating profit (loss)9901€2k€13k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€71€207▲
Recurring financial charges65€71€207▲
Profit (loss) for the period before taxes9903€2k€13k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€2k€10k▲
Profit (loss) for the period to be appropriated9905€2k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€8k▲
Profit (loss) brought forward from the previous period14P€-4k€-2k▲
Transfer to equity691/2-€10k
To other reserves6921-€10k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €698 | €471 | €1k | ▲ 194% |
| Gross operating margin9900 | €-3k | €2k | €14k | ▲ 557% |
| Operating profit (loss)9901 | €-4k | €2k | €13k | ▲ 656% |
| Financial income75/76B | €136 | €0 | €1 | - |
| Recurring financial income75 | €136 | €0 | €1 | - |
| Financial charges65/66B | €121 | €71 | €207 | ▲ 190% |
| Recurring financial charges65 | €121 | €71 | €207 | ▲ 190% |
| Profit (loss) for the period before taxes9903 | €-4k | €2k | €13k | ▲ 676% |
| Income taxes67/77 | - | - | €3k | - |
| Profit (loss) for the period9904 | €-4k | €2k | €10k | ▲ 518% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €2k | €10k | ▲ 518% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €33k | €55k | €49k | ▼ 10.8% |
| Fixed assets21/28 | €4k | €4k | €4k | = |
| Financial fixed assets28 | €4k | €4k | €4k | = |
| Current assets29/58 | €29k | €52k | €46k | ▼ 11.5% |
| Stocks and contracts in progress3 | - | - | €6k | - |
| Stocks30/36 | - | - | €6k | - |
| Amounts receivable within one year40/41 | €29k | €51k | €33k | ▼ 34.7% |
| Trade receivables40 | €27k | €46k | €26k | ▼ 43.0% |
| Other amounts receivable41 | €1k | €6k | €7k | ▲ 32.9% |
| Cash at bank and in hand54/58 | €586 | €572 | €6k | ▲ 962% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €33k | €55k | €49k | ▼ 10.8% |
| Equity10/15 | €-992 | €667 | €11k | ▲ 1,538% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | - | - | €10k | - |
| Distributable reserves133 | - | - | €10k | - |
| Profit (loss) carried forward14 | €-4k | €-2k | €-2k | = |
| Amounts payable17/49 | €34k | €55k | €38k | ▼ 29.7% |
| Amounts payable within one year42/48 | €34k | €55k | €38k | ▼ 29.7% |
| Trade debts44 | €9k | €48k | €32k | ▼ 34.0% |
| Suppliers440/4 | €9k | €48k | €32k | ▼ 34.0% |
| Advances received on contracts in progress46 | €20k | €0 | - | - |
| Taxes, remuneration and social security45 | €4k | €6k | €6k | ▲ 4.3% |
| Taxes450/3 | €4k | €6k | €6k | ▲ 4.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €2k | €10k | ▲ 518% |
| Operating cash flow (approximation) | €-4k | €2k | €10k | ▲ 518% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €-14 | €5k | ▲ 38,267% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €10k ▲518%
Operating result €13k, net result €10k, both a record.
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 134 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
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.
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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, Lebbeke · 1 establishment unit since 2022
Ground area
202 m²
Building footprint
90 m²
Volume, LiDAR
752 m³
Parcel 42011B0478/00S004, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HBwindoors
since 20222.334.770.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42011B0478/00S004 | Flanders | 202 m² | 1 · 90 m² | 12.1 m · 3 fl. |
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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesHBtec BV42344
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 5,771 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
Founded18-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
Phone
0489372511
Scores and ratios are computed by Checked and are not a credit decision.