Financials
- Financial year
- 2025
- Total assets
- €4.6m
- Loss
- -€879,492
- Solvency
- -6.3%
Total assets▼ 65.9%
Net result
20242025
Hite Europe
ActiveSummary
The computed 12-month bankruptcy probability of Hite Europe is 3.0% (moderate). The 2025 annual accounts show negative equity (-€289,795) and a net result of -€879,492. Its solvency ranks better than 8% of 594 sector peers (NACE 33, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Installation of industrial machinery and equipment
NACE 33200Wholesale of electrical equipment, including installation materials NACE 46643
1 site
Size
€4.6mtotal assets 2025
- Staff
- 3.1 FTE
- Equity
- -€289,795
- Loss
- -€879,492
Turnover not published (abbreviated format)
Structure
- Parent
- Shanghai Hi-Tech Control System Co
- Board
- 4 members
- CHEN JianfengChair
2025 accounts filed 76 days late
Why 49raises riskLoss of €879,492 (financial year 2025)1 change of registered office in 24 monthslowers riskSize: 3.1 FTE, total assets €4.6mFigures for financial year 2025 (filed 15-10-2026)Show the evidence
Checked score
Score 2025
49
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 19% of its sector peers (NACE 33, micro)
Financial strength · tick = 2024
Weak
Solvency
19-25
equity -6.3% of total assets
Liquidity
62+18
short-term debt 6.9% · cash 9.9%
Profitability
0-74
return on assets -19.2%
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
05-2025: 3.8%
06-2025: 3.8%● unchanged vs 05-2025
07-2025: 4.0%▲ +0.2 percentage points vs 06-2025
08-2025: 0.5%▼ -3.5 percentage points vs 07-2025lowest value
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.2 percentage points vs 03-2026
05-2026: 3.1%▲ +2.4 percentage points vs 04-2026
06-2026: 3.3%▲ +0.2 percentage points vs 05-2026
07-2026: 6.1%▲ +2.8 percentage points vs 06-2026highest value
08-2026: 2.4%▼ -3.7 percentage points vs 07-2026
09-2026: 2.4%● unchanged vs 08-2026
10-2026: 3.0%▲ +0.6 percentage points vs 09-2026
No credit on open account
Liquidity ample (current ratio 14.11, compared with 1.26 in 2024, above the usual 1.5; short-term debt: 6.9% and cash: 9.9% of total assets), but equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, micro): better than 8% on solvency, 60% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€289,795
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
76 days late
2024
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 30 days after the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: Chen Jing (director)Appointment: Guo Kehao (director)
- Registered officeRegistered-office move · Power of…
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€289,795 View
- Caution: From profit to loss in 2025after €589,697 in 2024 -€879,492 View
- Caution: Among the weakest 5% on net resultsector median €43,057 · 593 companies -€879,492 View
- Caution: Latest accounts filed lateafter the legal deadline 76 days View
- Controlled by Shanghai Hi-Tech Control System… parent View
- Board changedlatest change 05-10-2026 · 4 in office 1 joined · 1 left View
By topic
Board & ownership
- Board
- 4 members
- Parent
- Shanghai Hi-Tech Control System…
- CHEN JianfengChair
- Guo KehaoDirector
- DE BIEVRE CONSULTINGDirector
- RENOWVOLTDirector
Network & group
- Connected companies
- 2
Timeline
- Events
- 10
- Since
- 2024
- Next accounts
- by 31-07-2027
- 31-12-2025Liquidity more than 11 times
- 22-07-2025Miscellaneous
- 15-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Installation of industrial machinery and equipmentNACE 33200
- Founded
- 19-04-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 14
- Annual meeting
- Second Monday of May at 10:00
Key facts about Hite Europe
- What is the company number of Hite Europe?
- 1008.567.002. In Belgium the VAT number is the company number with BE in front: BE 1008.567.002.
- Where is Hite Europe based?
- The registered office is at Spoorwegstraat 24, 8530 Harelbeke.Company details
- What does Hite Europe do?
- According to the KBO register, the main activity is installation of industrial machinery and equipment (NACE 33200).
- What is the legal form of Hite Europe?
- Private limited company (BV).
- When was Hite Europe founded?
- On 19-04-2024.
- Is Hite Europe still active?
- Yes, Hite Europe is an active enterprise in the KBO register.
- How many employees does Hite Europe have?
- On average 3.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Hite Europe?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is Hite Europe profitable?
- In financial year 2025, Hite Europe made a loss of €879,492.
- Where can I find the annual accounts of Hite Europe?
- Hite Europe filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Hite Europe due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to Hite Europe
Shareholders
- RENOWVOLT50%
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- STS SOLUTIONSZwevegem
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