HearSee

Active

Private limited companyfounded 20206 yrs activeMolseweg 57, 2440 Geel, BelgiumKBO/BCE: BE 0745.362.648

The computed 12-month bankruptcy probability of HearSee is 1.9% (moderate). The 2025 annual accounts show equity of €256k and a net result of €10k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 24% of 7719 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

46 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability43▼-3

Solvency48▲+7

Growth52=

Track record100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity tight (current ratio 1.21 against 1.16 in 2024; short-term debt: 69.3% and cash: 12.3% of total assets), and 76.7% 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 43

Relative position

BE, all sectors

reference

Sector 43

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

23.3%

Return on assets

0.9%

Age of the figures

15 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 7719 sector peers (2025).

NBB · sector comparison

Position among 7719 sector peers

Solvency

better than 24%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

12 d early

2024

11 d early

2023

9 d early

2022

15 d early

2021

1 d early

← before the deadline after the 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, abbreviated schema

Equity

€256k▲ 4.1%

2024 · €246k

2021: €126k 2022: €198k 2023: €236k 2024: €246k

2021 → 2025

Total assets

€1.10M▼ 26.4%

2024 · €1.50M

2021: €1.22M 2022: €1.41M 2023: €1.43M 2024: €1.50M

2021 → 2025

Net result

€10k▲ 3.2%

2024 · €10k

2021: €32k 2022: €73k 2023: €38k 2024: €10k

2021 → 2025

Working capital

€159k▼ 12.3%

2024 · €182k

2021: €45k 2022: €110k 2023: €196k 2024: €182k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€126k-€198k▲ 57.7%€236k▲ 19.2%€246k▲ 4.2%€256k▲ 4.1%

Operating result€44k-€94k▲ 114%€63k▼ 33.7%€36k▼ 42.3%€38k▲ 5.7%

Net result€32k-€73k▲ 128%€38k▼ 47.6%€10k▼ 74.1%€10k▲ 3.2%

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

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 6% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.10M

16.3%

83.7%

Fixed assets €180k▼ 14.0%

Current assets €923k▼ 28.4%

Equity and liabilities €1.10M

23.3%

76.7%

Equity €256k▲ 4.1%

Debt €846k▼ 32.4%

The debt ratio falls from 83.6% to 76.7%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€88k▲

2024 · €73k

Cash flow

€60k▲

2024 · €47k

Solvency

23.3%▲

2024 · 16.4%

Current ratio

1.21▲

2024 · 1.16

Quick ratio

0.80▲

2024 · 0.72

Debt / equity

3.30▼

2024 · 5.08

ROE

4.0%▼

2024 · 4.0%

ROA

0.9%▲

2024 · 0.7%

Interest coverage

2.79▼

2024 · 3.13

Debt

€846k▼

2024 · €1.25M

Debt ≤ 1 year

€764k▼

2024 · €1.11M

Debt > 1 year

€82k▼

2024 · €144k

Income taxes

€10k▲

2024 · €5k

Staff costs

€1.04M▲

2024 · €621k

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€1.50M€1.10M▼

Fixed assets21/28€209k€180k▼

Intangible fixed assets21€201k€174k▼

Tangible fixed assets22/27€8k€6k▼

Plant, machinery and equipment23-€2k

Furniture and vehicles24€8k€4k▼

Current assets29/58€1.29M€923k▼

Stocks and contracts in progress3€492k€312k▼

Stocks30/36€423k€305k▼

Contracts in progress37€69k€7k▼

Amounts receivable within one year40/41€770k€477k▼

Trade receivables40€765k€461k▼

Other amounts receivable41€5k€15k▲

Cash at bank and in hand54/58€5k€135k▲

Deferred charges and accrued income490/1€22k€0▼

Equity and liabilities

Total equity and liabilities10/49€1.50M€1.10M▼

Equity10/15€246k€256k▲

Contributions10/11€94k€94k=

Reserves13€152k€162k▲

Distributable reserves133€152k€162k▲

Amounts payable17/49€1.25M€846k▼

Amounts payable after more than one year17€144k€82k▼

Financial debts170/4€144k€82k▼

Amounts payable within one year42/48€1.11M€764k▼

Current portion of amounts payable after more than one year42€64k€73k▲

Financial debts43€350k€300k▼

Credit institutions430/8€350k€300k▼

Trade debts44€328k€85k▼

Suppliers440/4€328k€85k▼

Advances received on contracts in progress46€246k€80k▼

Taxes, remuneration and social security45€114k€147k▲

Taxes450/3€8k€18k▲

Remuneration and social security454/9€106k€129k▲

Other amounts payable47/48€5k€79k▲

Income statement Code20242025

Remuneration, social security and pensions62€621k€1.04M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€50k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€60k

Other operating charges640/8€3k€6k▲

Gross operating margin9900€697k€1.19M▲

Operating profit (loss)9901€36k€38k▲

Financial income75/76B€2k€13k▲

Recurring financial income75€2k€13k▲

Financial charges65/66B€23k€32k▲

Recurring financial charges65€23k€32k▲

Profit (loss) for the period before taxes9903€15k€20k▲

Income taxes67/77€5k€10k▲

Profit (loss) for the period9904€10k€10k▲

Profit (loss) for the period to be appropriated9905€10k€10k▲

Appropriation of the result

Profit (loss) to be appropriated9906€10k€10k▲

Transfer to equity691/2€10k€10k▲

To other reserves6921€10k€10k▲

Social balance

Average headcount (FTE)90878.78.8▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

2026

19-01

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2024

19-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

29-02

Financial Weakest financial yearnet €10k ▼74.1%

Net result drops to €10k, the lowest in the series; recovery starts the following year.

2023

21-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

28-02

Financial Equity above €200kEq €236k ▲19.2%

3 profitable years in a row build equity to €236k.

2022

15-09

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

28-02

Financial Highest result since 2021net €73k ▲128%

Operating result €94k, net result €73k, both a record.

28-02

Financial Equity above €150kEq €198k ▲57.7%

2 profitable years in a row build equity to €198k.

2021

29-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

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

Directors · office · real estate

Directors

4 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, Geel · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Molseweg 572440 Geel

Ground area

3,023 m²

Building footprint

1,025 m²

Volume, LiDAR

5,151 m³

Parcel 13008I2159/00W002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

HearSee

Molseweg 57, 2440 GeelGeneral electrical installation work

since 20202.300.779.424

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13008I2159/00W002	Flanders	3,023 m²	1 · 1,025 m²	7.9 m · 2 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.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 8,446 EUR awarded · 7,440 EUR paid

Year	Entries	awarded	paid
2025	1	3,926 EUR	2,790 EUR
2024	1	939 EUR	939 EUR
2023	1	1,428 EUR	1,558 EUR
2022	1	2,153 EUR	2,153 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

4 entries · 8,446 EUR · 7,440 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

4 categories

HearSee BV44429

category P1, class 3 · category P2, class 1 · category P3, class 1 · category S1, class 1

decision 03-12-2024

Similar companies · same sector, comparable size

EUROPEAN TECHNICAL DEVELOPMENT

Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 7,860 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded12-03-2020

Fiscal year end30-06

Activities, NACEBEL

43211General electrical installation work

46431Wholesale of electrical household appliances and audio-video equipment

46500Wholesale of information and communication equipment

46520Wholesale trade

61100Wired, wireless and satellite telecommunications

61200Telecommunications

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

Website:www.hearsee.be

Enterprise