HK-Tech Projects
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 5 days after the deadline Filed on 5 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00108144.
Annual accounts 2025 filed on 05-05-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 96% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-09-2024 | 30-09-2025 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 0.2 | 1 |
| On a permanent contract | 1 | 1 |
| Joined | 1 | - |
| Left | 0 | - |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Tangible fixed assets | €25,585 | €2,616 | €47,250 |
| Intangible fixed assets | €2,169 | - | - |
| Financial fixed assets | - | €900 | - |
| Depreciation and write-downs of the year | €6,801 | €5,458 | €7,901 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,431 | €51,002 | ▲ 693% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,801 | €5,458 | €7,901 | ▲ 44.7% |
| Other operating charges640/8 | €4,222 | €2,730 | €1,856 | ▼ 32.0% |
| Gross operating margin9900 | €108,662 | €39,172 | €61,825 | ▲ 57.8% |
| Operating profit (loss)9901 | €97,638 | €24,552 | €1,066 | ▼ 95.7% |
| Financial income75/76B | €166 | €223 | €9 | ▼ 96.0% |
| Recurring financial income75 | €166 | €223 | €9 | ▼ 96.0% |
| Financial charges65/66B | €2,335 | €50 | €200 | ▲ 301% |
| Recurring financial charges65 | €2,335 | €50 | €200 | ▲ 301% |
| Profit (loss) for the period before taxes9903 | €95,469 | €24,726 | €875 | ▼ 96.5% |
| Income taxes67/77 | €25,450 | €7,411 | €1,073 | ▼ 85.5% |
| Profit (loss) for the period9904 | €70,019 | €17,314 | -€198 | - |
| Profit (loss) for the period to be appropriated9905 | €70,019 | €17,314 | -€198 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €172,929 | €179,326 | €189,883 | ▲ 5.9% |
| Fixed assets21/28 | €20,953 | €19,011 | €39,860 | ▲ 110% |
| Tangible fixed assets22/27 | €20,953 | €18,111 | €38,960 | ▲ 115% |
| Plant, machinery and equipment23 | €5,164 | €6,203 | €4,444 | ▼ 28.4% |
| Furniture and vehicles24 | €15,789 | €11,908 | €34,516 | ▲ 190% |
| Financial fixed assets28 | - | €900 | €900 | = |
| Current assets29/58 | €151,976 | €160,315 | €150,022 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €76,277 | €36,719 | €86,172 | ▲ 135% |
| Trade receivables40 | €70,944 | €34,185 | €79,162 | ▲ 132% |
| Other amounts receivable41 | €5,333 | €2,533 | €7,010 | ▲ 177% |
| Cash at bank and in hand54/58 | €73,842 | €121,269 | €61,424 | ▼ 49.3% |
| Deferred charges and accrued income490/1 | €1,857 | €2,327 | €2,426 | ▲ 4.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €172,929 | €179,326 | €189,883 | ▲ 5.9% |
| Equity10/15 | €71,019 | €88,333 | €88,135 | ▼ 0.2% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €50,000 | €67,000 | €67,000 | = |
| Distributable reserves133 | €50,000 | €67,000 | €67,000 | = |
| Profit (loss) carried forward14 | €20,019 | €20,333 | €20,135 | ▼ 1.0% |
| Amounts payable17/49 | €101,910 | €90,993 | €101,747 | ▲ 11.8% |
| Amounts payable within one year42/48 | €101,110 | €87,115 | €100,247 | ▲ 15.1% |
| Trade debts44 | €71,133 | €74,649 | €72,672 | ▼ 2.6% |
| Suppliers440/4 | €71,133 | €74,649 | €72,672 | ▼ 2.6% |
| Advances received on contracts in progress46 | - | - | €1,638 | - |
| Taxes, remuneration and social security45 | €28,450 | €10,130 | €22,869 | ▲ 126% |
| Taxes450/3 | €25,450 | €7,300 | €1,050 | ▼ 85.6% |
| Remuneration and social security454/9 | €3,000 | €2,830 | €21,819 | ▲ 671% |
| Other amounts payable47/48 | €1,527 | €2,336 | €3,069 | ▲ 31.4% |
| Accrued charges and deferred income492/3 | €800 | €3,878 | €1,500 | ▼ 61.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,019 | €17,314 | -€198 | - |
| + Depreciation and write-downs630 | €6,801 | €5,458 | €7,901 | ▲ 44.7% |
| Operating cash flow (approximation) | €76,820 | €22,773 | €7,703 | ▼ 66.2% |
| Investment in fixed assets (approximation) | - | -€3,516 | -€28,750 | ▼ 718% |
| Change in cash | - | €47,427 | -€59,845 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,145 companies had the same profile as HK-Tech Projects has now. Two years later, 91.7% were still going and 2.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HK-Tech Projects itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,145 companies, not a prediction for HK-Tech Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.