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HBV

Active
Private limited companyfounded 20179 yrs activeDriesstraat 21, 3583 Beringen, BelgiumKBO/BCE: BE 0670.780.437
Summary

HBV has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €88k and a net result of €18k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability63▼-11
Solvency52▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.2 against 2.78 in 2023; short-term debt: 28.8% and cash: 42.8% of total assets), but 73.4% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
26.6%
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 18-08-2025, 18 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 · 8 filings
Deviation from the deadline
2025
not confirmed
2024
18 d late
2023
34 d early
2022
31 d late
2021
32 d early
2020
33 d early
2019
31 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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 2024, micro schema

Equity
€88k▲ 23.5%
2023 · €71k
2018: €30klowest in 7 years 2019: €43k▲ +45.6% vs 2018 2020: €44k▲ +0.5% vs 2019 2021: €52k▲ +18.2% vs 2020 2022: €58k▲ +11.7% vs 2021 2023: €71k▲ +24.0% vs 2022 2024: €88k▲ +23.5% vs 2023highest in 7 years
2018 → 2024
Total assets
€332k▲ 10.1%
2023 · €302k
2018: €82klowest in 7 years 2019: €226k▲ +177% vs 2018 2020: €261k▲ +15.5% vs 2019 2021: €264k▲ +0.9% vs 2020 2022: €263k▼ -0.2% vs 2021 2023: €302k▲ +14.8% vs 2022 2024: €332k▲ +10.1% vs 2023highest in 7 years
2018 → 2024
Net result
€18k▲ 27.6%
2023 · €14k
2018: €9k 2019: €14k▲ +59.1% vs 2018 2020: €231▼ -98.3% vs 2019lowest in 7 years 2021: €2k▲ +655% vs 2020 2022: €6k▲ +245% vs 2021 2023: €14k▲ +130% vs 2022 2024: €18k▲ +27.6% vs 2023highest in 7 years
2018 → 2024
Working capital
€210k▲ 19.9%
2023 · €176k
2018: €32k 2019: €4k▼ -86.5% vs 2018lowest in 7 years 2020: €126k▲ +2825% vs 2019 2021: €168k▲ +33.3% vs 2020 2022: €90k▼ -46.2% vs 2021 2023: €176k▲ +94.4% vs 2022 2024: €210k▲ +19.9% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€44k-€52k▲ 18.2%€58k▲ 11.7%€71k▲ 24.0%€88k▲ 23.5% 2020: €44klowest in 5 years 2021: €52k▲ +18.2% vs 2020 2022: €58k▲ +11.7% vs 2021 2023: €71k▲ +24.0% vs 2022 2024: €88k▲ +23.5% vs 2023highest in 5 years
Operating result€9k-€7k▼ 14.9%€11k▲ 44.1%€24k▲ 128%€33k▲ 34.1% 2020: €9k 2021: €7k▼ -14.9% vs 2020lowest in 5 years 2022: €11k▲ +44.1% vs 2021 2023: €24k▲ +128% vs 2022 2024: €33k▲ +34.1% vs 2023highest in 5 years
Net result€231-€2k▲ 655%€6k▲ 245%€14k▲ 130%€18k▲ 27.6% 2020: €231lowest in 5 years 2021: €2k▲ +655% vs 2020 2022: €6k▲ +245% vs 2021 2023: €14k▲ +130% vs 2022 2024: €18k▲ +27.6% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10k€20k€30kOperating result 2020: €9k€9kNet result 2020: €231€231Operating result 2021: €7k€7kNet result 2021: €2k€2kOperating result 2022: €11k€11kNet result 2022: €6k€6kOperating result 2023: €24k€24kNet result 2023: €14k€14kOperating result 2024: €33k€33kNet result 2024: €18k€18k20202021202220232024€0€10k€20k€30kOperating result 2022: €11k€11kNet result 2022: €6k€6kOperating result 2023: €24k€24kNet result 2023: €14k€14kOperating result 2024: €33k€33kNet result 2024: €18k€18k202220232024
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 34% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €332k
Fixed assets €26k ▼ 5.9%
Current assets €306k ▲ 11.7%
Equity and liabilities €332k
Equity €88k ▲ 23.5%
Debt €244k ▲ 5.9%
Debt's share of the balance-sheet total falls from 76.3% to 73.4%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€44k▼
2023 · €49k
Cash flow
€29k▼
2023 · €39k
Current ratio
3.20▲
2023 · 2.78
Quick ratio
2.42▲
2023 · 2.25
Debt to equity
2.77▼
2023 · 3.23
ROE
20.0%▲
2023 · 19.4%
ROA
5.3%▲
2023 · 4.6%
Interest coverage
4.53▼
2023 · 7.11
Debt ≤ 1 year
€96k▼
2023 · €99k
Debt > 1 year
€100k▼
2023 · €105k
Income taxes
€8k▲
2023 · €7k
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 · 2024 against 2023 · 48 lines
Balance sheet Code20232024
Assets
Total assets20/58€302k€332k▲
Fixed assets21/28€28k€26k▼
Tangible fixed assets22/27€28k€20k▼
Plant, machinery and equipment23€26k€16k▼
Furniture and vehicles24€2k€5k▲
Financial fixed assets28-€6k
Current assets29/58€274k€306k▲
Stocks and contracts in progress3€52k€75k▲
Stocks30/36€52k€75k▲
Amounts receivable within one year40/41€107k€88k▼
Trade receivables40€91k€80k▼
Other amounts receivable41€16k€8k▼
Cash at bank and in hand54/58€113k€142k▲
Deferred charges and accrued income490/1€2k€966▼
Equity and liabilities
Total equity and liabilities10/49€302k€332k▲
Equity10/15€71k€88k▲
Contributions10/11€19k€19k=
Reserves13€53k€70k▲
Distributable reserves133€53k€70k▲
Amounts payable17/49€231k€244k▲
Amounts payable after more than one year17€105k€100k▼
Financial debts170/4€10k-
Other amounts payable178/9€95k€100k▲
Amounts payable within one year42/48€99k€96k▼
Current portion of amounts payable after more than one year42€13k€10k▼
Trade debts44€45k€36k▼
Suppliers440/4€45k€36k▼
Taxes, remuneration and social security45€3k€7k▲
Taxes450/3€3k€7k▲
Other amounts payable47/48€37k€42k▲
Accrued charges and deferred income492/3€27k€49k▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€11k▼
Other operating charges640/8€1k€972▼
Gross operating margin9900€50k€45k▼
Operating profit (loss)9901€24k€33k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€7k€10k▲
Recurring financial charges65€7k€10k▲
Profit (loss) for the period before taxes9903€21k€26k▲
Income taxes67/77€7k€8k▲
Profit (loss) for the period9904€14k€18k▲
Profit (loss) for the period to be appropriated9905€14k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€18k▲
Transfer to equity691/2€14k€17k▲
To other reserves6921€14k€17k▲
Profit to be distributed694/7-€900
Return on contributions (dividend)694-€900

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€21k€25k€25k€11k▼ 55.6%
Other operating charges640/8-€837€821€1k€972▼ 4.0%
Gross operating margin9900€26k€29k€36k€50k€45k▼ 11.1%
Operating profit (loss)9901€9k€7k€11k€24k€33k▲ 34.1%
Financial income75/76B-€3k€1k€3k€3k▼ 8.5%
Recurring financial income75€2k€3k€1k€3k€3k▼ 8.5%
Financial charges65/66B-€7k€4k€7k€10k▲ 39.3%
Recurring financial charges65€10k€7k€4k€7k€10k▲ 39.3%
Profit (loss) for the period before taxes9903€231€3k€8k€21k€26k▲ 25.8%
Income taxes67/77-€1k€2k€7k€8k▲ 22.1%
Profit (loss) for the period9904€231€2k€6k€14k€18k▲ 27.6%
Profit (loss) for the period to be appropriated9905€231€2k€6k€14k€18k▲ 27.6%
Line20202021202220232024Change
Assets
Total assets20/58€261k€264k€263k€302k€332k▲ 10.1%
Fixed assets21/28€69k€55k€46k€28k€26k▼ 5.9%
Tangible fixed assets22/27€69k€55k€46k€28k€20k▼ 27.3%
Plant, machinery and equipment23-€41k€36k€26k€16k▼ 38.3%
Furniture and vehicles24-€15k€10k€2k€5k▲ 92.9%
Financial fixed assets28----€6k-
Current assets29/58€192k€208k€217k€274k€306k▲ 11.7%
Stocks and contracts in progress3€44k€37k€59k€52k€75k▲ 44.0%
Stocks30/36-€37k€59k€52k€75k▲ 44.0%
Amounts receivable within one year40/41€58k€43k€78k€107k€88k▼ 17.5%
Trade receivables40-€34k€65k€91k€80k▼ 11.3%
Other amounts receivable41-€9k€14k€16k€8k▼ 51.9%
Cash at bank and in hand54/58€90k€128k€79k€113k€142k▲ 26.1%
Deferred charges and accrued income490/1-€752€729€2k€966▼ 61.2%
Equity and liabilities
Total equity and liabilities10/49€261k€264k€263k€302k€332k▲ 10.1%
Equity10/15€44k€52k€58k€71k€88k▲ 23.5%
Contributions10/11-€19k€19k€19k€19k=
Reserves13€31k€33k€39k€53k€70k▲ 31.7%
Non-distributable reserves130/1-€2k----
Reserves not available under the articles1311-€2k----
Distributable reserves133-€31k€39k€53k€70k▲ 31.7%
Amounts payable17/49€218k€212k€206k€231k€244k▲ 5.9%
Amounts payable after more than one year17€144k€165k€74k€105k€100k▼ 5.1%
Financial debts170/4-€40k€24k€10k--
Other amounts payable178/9-€125k€50k€95k€100k▲ 5.3%
Amounts payable within one year42/48€66k€41k€127k€99k€96k▼ 3.0%
Current portion of amounts payable after more than one year42-€16k€16k€13k€10k▼ 21.9%
Financial debts43-€5k€2k---
Other loans439-€5k€2k---
Trade debts44€37k€8k€22k€45k€36k▼ 19.9%
Suppliers440/4-€8k€22k€45k€36k▼ 19.9%
Taxes, remuneration and social security45-€2k€711€3k€7k▲ 122%
Taxes450/3-€2k€711€3k€7k▲ 122%
Other amounts payable47/48-€9k€86k€37k€42k▲ 13.2%
Accrued charges and deferred income492/3-€7k€5k€27k€49k▲ 82.3%
Line20202021202220232024Change
Profit (loss) for the period9904€231€2k€6k€14k€18k▲ 27.6%
+ Depreciation and write-downs630€17k€21k€25k€25k€11k▼ 55.6%
Operating cash flow (approximation)€17k€22k€31k€39k€29k▼ 25.8%
Investment in fixed assets (approximation)-€-7k€-16k€-7k€-9k▼ 42.3%
Change in cash-€38k€-49k€34k€29k▼ 13.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
18-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial Highest result since 2018net €18k ▲27.6%
Net result €18k, the highest in the series.
27-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Weakest financial yearnet €231 ▼98.3%
Net result drops to €231, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity triplescurrent ratio 2.90
Current ratio from 1.03 to 2.90; short-term debt falls from €162k to €66k.
30-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Beringen · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
960 m²
Building footprint
184 m²
Parcel 71382C0660/00H002, Flanders. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
HBV
Driesstraat 21, 3583 BeringenRepair, maintenance and installation of machinery and equipment
since 20172.260.977.552
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71382C0660/00H002 Flanders 960 m² 1 · 184 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.

Public money · subsidies and aid

Flemish government

2022 to 2024 · 3 entries · 570 EUR awarded · 570 EUR paid
Year Entries awardedpaid
2024 1 234 EUR234 EUR
2023 1 0 EUR48 EUR
2022 1 336 EUR288 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
3 entries · 570 EUR · 570 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Legal Entity Identifier

254900C6ST3YRR99RC82
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 212 companies in sector 47527 we hold annual accounts for 146. 118 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
Founded06-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47527Retail trade
43222Installation of electric heating, air conditioning, cooling and ventilation

Scores and ratios are computed by Checked and are not a credit decision.