HC TECH
InactiveHC TECH was declared bankrupt on 19-12-2022 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 07-10-2024, published in the Belgian State Gazette on 14-10-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 11-11-2022, 103 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
103 d late
2020
90 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€35k▲ 722%
2020 · €4k
2020: €4k
2021: €35k▲ +722% vs 2020
2020 → 2021
Total assets
€202k▲ 20.8%
2020 · €167k
2020: €167k
2021: €202k▲ +20.8% vs 2020
2020 → 2021
Net result
€31k▲ 11,661%
2020 · €262
2020: €262
2021: €31k▲ +11661% vs 2020
2020 → 2021
Working capital
€24k
2020 · €-15k
2020: €-15k
2021: €24k▲ +260% vs 2020
2020 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€4k-€35k▲ 722%
2020: €4k
2021: €35k▲ +722% vs 2020
Operating result€3k-€42k▲ 1,273%
2020: €3k
2021: €42k▲ +1273% vs 2020
Net result€262-€31k▲ 11,661%
2020: €262
2021: €31k▲ +11661% vs 2020
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2021; 2021 is 1,273% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €202k
Fixed assets
€58k ▼ 25.6%
Current assets
€143k ▲ 61.9%
Equity and liabilities €202k
Equity
€35k ▲ 722%
Debt
€167k ▲ 2.4%
Debt's share of the balance-sheet total falls from 97.4% to 82.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60k▲
2020 · €13k
Cash flow
€48k▲
2020 · €10k
Current ratio
1.20▲
2020 · 0.85
Debt to equity
4.75▼
2020 · 13.86
ROE
87.8%▲
2020 · 6.1%
ROA
15.3%▲
2020 · 0.2%
Interest coverage
15.76
Debt ≤ 1 year
€119k▲
2020 · €104k
Debt > 1 year
€48k▼
2020 · €59k
Income taxes
€8k
Staff costs
€37k
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 · 2021 against 2020 · 46 lines
Balance sheet
Code20202021
Assets
Total assets20/58€167k€202k▲
Fixed assets21/28€78k€58k▼
Tangible fixed assets22/27€74k€58k▼
Plant, machinery and equipment23-€22k
Furniture and vehicles24-€8k
Leasing and similar rights25-€29k
Financial fixed assets28€4k-
Current assets29/58€88k€143k▲
Amounts receivable within one year40/41€88k€132k▲
Trade receivables40-€114k
Other amounts receivable41-€17k
Cash at bank and in hand54/58€124€12k▲
Equity and liabilities
Total equity and liabilities10/49€167k€202k▲
Equity10/15€4k€35k▲
Contributions10/11-€4k
Reserves13-€31k
Distributable reserves133-€31k
Profit (loss) carried forward14€262€262=
Amounts payable17/49€163k€167k▲
Amounts payable after more than one year17€59k€48k▼
Financial debts170/4-€48k
Amounts payable within one year42/48€104k€119k▲
Current portion of amounts payable after more than one year42-€12k
Trade debts44€65k€81k▲
Suppliers440/4-€81k
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45-€21k
Taxes450/3-€17k
Remuneration and social security454/9-€4k
Other amounts payable47/48-€3k
Income statement
Code20202021
Remuneration, social security and pensions62-€37k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€17k▲
Other operating charges640/8-€621
Gross operating margin9900€64k€97k▲
Operating profit (loss)9901€3k€42k▲
Recurring financial income75€4-
Financial charges65/66B-€4k
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€262€39k▲
Income taxes67/77-€8k
Profit (loss) for the period9904€262€31k▲
Profit (loss) for the period to be appropriated9905€262€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€31k
Profit (loss) brought forward from the previous period14P-€262
Transfer to equity691/2-€31k
To other reserves6921-€31k
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 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €37k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €17k | ▲ 71.9% |
| Other operating charges640/8 | - | €621 | - |
| Gross operating margin9900 | €64k | €97k | ▲ 51.8% |
| Operating profit (loss)9901 | €3k | €42k | ▲ 1,273% |
| Recurring financial income75 | €4 | - | - |
| Financial charges65/66B | - | €4k | - |
| Recurring financial charges65 | €3k | €4k | ▲ 34.0% |
| Profit (loss) for the period before taxes9903 | €262 | €39k | ▲ 14,627% |
| Income taxes67/77 | - | €8k | - |
| Profit (loss) for the period9904 | €262 | €31k | ▲ 11,661% |
| Profit (loss) for the period to be appropriated9905 | €262 | €31k | ▲ 11,661% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €167k | €202k | ▲ 20.8% |
| Fixed assets21/28 | €78k | €58k | ▼ 25.6% |
| Tangible fixed assets22/27 | €74k | €58k | ▼ 21.6% |
| Plant, machinery and equipment23 | - | €22k | - |
| Furniture and vehicles24 | - | €8k | - |
| Leasing and similar rights25 | - | €29k | - |
| Financial fixed assets28 | €4k | - | - |
| Current assets29/58 | €88k | €143k | ▲ 61.9% |
| Amounts receivable within one year40/41 | €88k | €132k | ▲ 49.0% |
| Trade receivables40 | - | €114k | - |
| Other amounts receivable41 | - | €17k | - |
| Cash at bank and in hand54/58 | €124 | €12k | ▲ 9,278% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €167k | €202k | ▲ 20.8% |
| Equity10/15 | €4k | €35k | ▲ 722% |
| Contributions10/11 | - | €4k | - |
| Reserves13 | - | €31k | - |
| Distributable reserves133 | - | €31k | - |
| Profit (loss) carried forward14 | €262 | €262 | = |
| Amounts payable17/49 | €163k | €167k | ▲ 2.4% |
| Amounts payable after more than one year17 | €59k | €48k | ▼ 19.5% |
| Financial debts170/4 | - | €48k | - |
| Amounts payable within one year42/48 | €104k | €119k | ▲ 14.9% |
| Current portion of amounts payable after more than one year42 | - | €12k | - |
| Trade debts44 | €65k | €81k | ▲ 25.2% |
| Suppliers440/4 | - | €81k | - |
| Advances received on contracts in progress46 | - | €1k | - |
| Taxes, remuneration and social security45 | - | €21k | - |
| Taxes450/3 | - | €17k | - |
| Remuneration and social security454/9 | - | €4k | - |
| Other amounts payable47/48 | - | €3k | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €262 | €31k | ▲ 11,661% |
| + Depreciation and write-downs630 | €10k | €17k | ▲ 71.9% |
| Operating cash flow (approximation) | €10k | €48k | ▲ 365% |
| Investment in fixed assets (approximation) | - | €3k | - |
| Change in cash | - | €12k | - |
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
2024
14-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 07-10-2024
2022
23-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 19-12-2022
11-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 103 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | PIETER WAUMAN VIJFSTRATEN 57, 9100 SINT-
NIKLAAS |
19-12-2022 → 07-10-2024 |
| Curator | LISA HEUNINCK VIJFSTRATEN 57-59, 9100 SINT-NIKLAAS- |
19-12-2022 → 07-10-2024 |