HBV
ActiveSummary
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 2024Solvency, 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 filingsDeviation 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)
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
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
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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| 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.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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
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
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 | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 234 EUR | 234 EUR |
| 2023 | 1 | 0 EUR | 48 EUR |
| 2022 | 1 | 336 EUR | 288 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
254900C6ST3YRR99RC82
Similar companies · same sector, comparable size
DC-TECHNIEKEN
BE 0778.955.134
Dilsen-Stokkem · Eq €89,433
MEDISSA
BE 0877.054.402
Ronse · Eq €89,892
Racine Energie
BE 0766.250.807
Theux · Eq €90,847
S.B.A.
BE 0727.913.041
Kortrijk · Eq €91,460
VANDECASTEELE FILIEP
BE 0835.000.843
Menen · Eq €91,843
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.