Hiveswitch
ActiveSummary
Hiveswitch has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €45k and a net result of €16k. Equity is growing by ~65% per year across the filed fiscal years. Its solvency ranks better than 59% of 399 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency100▲+11
Growth78=
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 4.06 against 2.71 in 2025; short-term debt: 24% and cash: 52.9% of total assets), and 24% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
76%
Return on assets
27.2%
Age of the figures
3 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 22-09-2026, 131 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2026
131 d early
2025
24 d early
2024
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-06-2027 close31-01-2028 deadline
Financials · fiscal year 2026, micro schema
Equity
€45k▲ 55.8%
2025 · €29k
2024: €7klowest in 3 years
2025: €29k▲ +288% vs 2024
2026: €45k▲ +55.8% vs 2025highest in 3 years
2024 → 2026
Total assets
€59k▲ 30.4%
2025 · €45k
2024: €15klowest in 3 years
2025: €45k▲ +195% vs 2024
2026: €59k▲ +30.4% vs 2025highest in 3 years
2024 → 2026
Net result
€16k▼ 24.8%
2025 · €21k
2024: €2klowest in 3 years
2025: €21k▲ +777% vs 2024highest in 3 years
2026: €16k▼ -24.8% vs 2025
2024 → 2026
Working capital
€43k▲ 61.2%
2025 · €27k
2024: €8klowest in 3 years
2025: €27k▲ +229% vs 2024
2026: €43k▲ +61.2% vs 2025highest in 3 years
2024 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202420252026Trend
Equity€7k-€29k▲ 288%€45k▲ 55.8%
2024: €7klowest in 3 years
2025: €29k▲ +288% vs 2024
2026: €45k▲ +55.8% vs 2025highest in 3 years
Operating result€4k-€30k▲ 707%€23k▼ 23.8%
2024: €4klowest in 3 years
2025: €30k▲ +707% vs 2024highest in 3 years
2026: €23k▼ -23.8% vs 2025
Net result€2k-€21k▲ 777%€16k▼ 24.8%
2024: €2klowest in 3 years
2025: €21k▲ +777% vs 2024highest in 3 years
2026: €16k▼ -24.8% vs 2025
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 24% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €59k
Fixed assets
€1k ▼ 44.3%
Current assets
€58k ▲ 35.0%
Equity and liabilities €59k
Equity
€45k ▲ 55.8%
Debt
€14k ▼ 13.9%
Debt's share of the balance-sheet total falls from 36.4% to 24.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2025 · €31k
Cash flow
€17k▼
2025 · €22k
Current ratio
4.06▲
2025 · 2.71
Debt to equity
0.32▼
2025 · 0.57
ROE
35.8%▼
2025 · 74.2%
ROA
27.2%▼
2025 · 47.2%
Interest coverage
37.04▼
2025 · 702.20
Debt ≤ 1 year
€14k▼
2025 · €16k
Income taxes
€7k▼
2025 · €9k
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 · 2026 against 2025 · 38 lines
Balance sheet
Code20252026
Assets
Total assets20/58€45k€59k▲
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Furniture and vehicles24€3k€1k▼
Current assets29/58€43k€58k▲
Amounts receivable within one year40/41€6k€3k▼
Trade receivables40€6k€3k▼
Current investments50/53-€23k
Cash at bank and in hand54/58€37k€31k▼
Deferred charges and accrued income490/1-€109
Equity and liabilities
Total equity and liabilities10/49€45k€59k▲
Equity10/15€29k€45k▲
Contributions10/11€5k€5k=
Reserves13€24k€40k▲
Distributable reserves133€24k€40k▲
Amounts payable17/49€16k€14k▼
Amounts payable within one year42/48€16k€14k▼
Trade debts44€780€530▼
Suppliers440/4€780€530▼
Taxes, remuneration and social security45€11k€10k▼
Taxes450/3€11k€10k▼
Other amounts payable47/48€3k€4k▲
Accrued charges and deferred income492/3€750-
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€863€1k▲
Other operating charges640/8€64€67▲
Gross operating margin9900€31k€24k▼
Operating profit (loss)9901€30k€23k▼
Financial income75/76B€1€553▲
Recurring financial income75€1€553▲
Financial charges65/66B€45€659▲
Recurring financial charges65€45€659▲
Profit (loss) for the period before taxes9903€30k€23k▼
Income taxes67/77€9k€7k▼
Profit (loss) for the period9904€21k€16k▼
Profit (loss) for the period to be appropriated9905€21k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€16k▼
Transfer to equity691/2€21k€16k▼
To other reserves6921€21k€16k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €863 | €1k | ▲ 34.9% |
| Other operating charges640/8 | €422 | €64 | €67 | ▲ 5.0% |
| Gross operating margin9900 | €4k | €31k | €24k | ▼ 22.1% |
| Operating profit (loss)9901 | €4k | €30k | €23k | ▼ 23.8% |
| Financial income75/76B | - | €1 | €553 | ▲ 42,085% |
| Recurring financial income75 | - | €1 | €553 | ▲ 42,085% |
| Financial charges65/66B | €3 | €45 | €659 | ▲ 1,376% |
| Recurring financial charges65 | €3 | €45 | €659 | ▲ 1,376% |
| Profit (loss) for the period before taxes9903 | €4k | €30k | €23k | ▼ 24.0% |
| Income taxes67/77 | €1k | €9k | €7k | ▼ 22.1% |
| Profit (loss) for the period9904 | €2k | €21k | €16k | ▼ 24.8% |
| Profit (loss) for the period to be appropriated9905 | €2k | €21k | €16k | ▼ 24.8% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €15k | €45k | €59k | ▲ 30.4% |
| Fixed assets21/28 | - | €3k | €1k | ▼ 44.3% |
| Tangible fixed assets22/27 | - | €3k | €1k | ▼ 44.3% |
| Furniture and vehicles24 | - | €3k | €1k | ▼ 44.3% |
| Current assets29/58 | €15k | €43k | €58k | ▲ 35.0% |
| Amounts receivable within one year40/41 | €7k | €6k | €3k | ▼ 43.6% |
| Trade receivables40 | €7k | €6k | €3k | ▼ 43.6% |
| Current investments50/53 | - | - | €23k | - |
| Cash at bank and in hand54/58 | €8k | €37k | €31k | ▼ 15.4% |
| Deferred charges and accrued income490/1 | - | - | €109 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €15k | €45k | €59k | ▲ 30.4% |
| Equity10/15 | €7k | €29k | €45k | ▲ 55.8% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | €2k | €24k | €40k | ▲ 67.5% |
| Distributable reserves133 | €2k | €24k | €40k | ▲ 67.5% |
| Amounts payable17/49 | €8k | €16k | €14k | ▼ 13.9% |
| Amounts payable within one year42/48 | €7k | €16k | €14k | ▼ 9.8% |
| Trade debts44 | - | €780 | €530 | ▼ 32.1% |
| Suppliers440/4 | - | €780 | €530 | ▼ 32.1% |
| Taxes, remuneration and social security45 | €3k | €11k | €10k | ▼ 13.8% |
| Taxes450/3 | €3k | €11k | €10k | ▼ 13.8% |
| Other amounts payable47/48 | €4k | €3k | €4k | ▲ 8.5% |
| Accrued charges and deferred income492/3 | €762 | €750 | - | - |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €21k | €16k | ▼ 24.8% |
| + Depreciation and write-downs630 | - | €863 | €1k | ▲ 34.9% |
| Operating cash flow (approximation) | €2k | €22k | €17k | ▼ 22.5% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | €28k | €-6k | ▼ 120% |
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
Next filing, fiscal year 2027, expected by
2026
22-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2024net €21k ▲777%
Operating result €30k, net result €21k, both a record.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Herent · 1 establishment unit since 2023
Ground area
603 m²
Building footprint
137 m²
Volume, LiDAR
766 m³
Parcel 24423G0078/00R000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hiveswitch
since 20232.351.865.859
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24423G0078/00R000 | Flanders | 603 m² | 1 · 137 m² | 8.3 m · 2 fl. |
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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,511 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
Founded06-10-2023
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
46140Agents in the wholesale of industrial machinery, ships and aircraft
52230Warehousing and support activities for transportation
84220Public administration and defence; compulsory social security
Scores and ratios are computed by Checked and are not a credit decision.