HLB
ActiveThe computed 12-month bankruptcy probability of HLB is 2.0% (moderate). The 2025 annual accounts show equity of €143k and a net result of €26k. Equity is growing by ~32% per year across the filed fiscal years. Its solvency ranks better than 82% of 27711 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-10
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 5.03 against 6.53 in 2024; short-term debt: 19.8% and cash: 2.5% of total assets), and 23.2% of the assets are financed with debt.
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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.8%
Return on assets
14.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
32 d early
2024
33 d late
2023
6 d early
2022
35 d late
2021
18 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€143k▲ 22.7%
2024 · €116k
2021: €48k
2022: €64k
2023: €81k
2024: €116k
2021 → 2025
Total assets
€186k▲ 22.1%
2024 · €152k
2021: €54k
2022: €64k
2023: €132k
2024: €152k
2021 → 2025
Net result
€26k▼ 24.3%
2024 · €35k
2021: €46k
2022: €17k
2023: €17k
2024: €35k
2021 → 2025
Working capital
€148k▲ 15.9%
2024 · €128k
2021: €47k
2022: €63k
2023: €99k
2024: €128k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€64k▲ 35.2%€81k▲ 26.3%€116k▲ 42.9%€143k▲ 22.7%
Operating result€46k-€17k▼ 62.4%€13k▼ 23.3%€61k▲ 362%€37k▼ 39.9%
Net result€46k-€17k▼ 63.2%€17k▲ 1.2%€35k▲ 106%€26k▼ 24.3%
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 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186k
Fixed assets
€272▼ 58.1%
Current assets
€185k▲ 22.4%
Equity and liabilities €186k
Equity
€143k▲ 22.7%
Debt
€43k▲ 20.1%
The debt ratio falls from 23.6% to 23.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▼
2024 · €61k
Cash flow
€27k▼
2024 · €35k
Solvency
76.8%▲
2024 · 76.4%
Current ratio
5.03▼
2024 · 6.53
Quick ratio
5.03▼
2024 · 6.53
Debt / equity
0.30▼
2024 · 0.31
ROE
18.5%▼
2024 · 30.0%
ROA
14.2%▼
2024 · 22.9%
Interest coverage
28.35▼
2024 · 30.70
Debt
€43k▲
2024 · €36k
Debt ≤ 1 year
€37k▲
2024 · €23k
Debt > 1 year
€6k▼
2024 · €13k
Income taxes
€9k▼
2024 · €24k
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€152k€186k▲
Fixed assets21/28€650€272▼
Tangible fixed assets22/27€650€272▼
Plant, machinery and equipment23€650€272▼
Current assets29/58€151k€185k▲
Amounts receivable within one year40/41€150k€181k▲
Trade receivables40€8k€3k▼
Other amounts receivable41€141k€177k▲
Cash at bank and in hand54/58€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€152k€186k▲
Equity10/15€116k€143k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€114k€141k▲
Amounts payable17/49€36k€43k▲
Amounts payable after more than one year17€13k€6k▼
Financial debts170/4€13k€6k▼
Amounts payable within one year42/48€23k€37k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€4k€12k▲
Suppliers440/4€4k€12k▲
Taxes, remuneration and social security45€13k€18k▲
Taxes450/3€13k€18k▲
Other amounts payable47/48€26€0▼
Income statement
Code20242025
Non-recurring operating income76A€61k€0▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€378€378=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€63k€38k▼
Operating profit (loss)9901€61k€37k▼
Financial income75/76B€3€0▼
Recurring financial income75€3€0▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€59k€35k▼
Income taxes67/77€24k€9k▼
Profit (loss) for the period9904€35k€26k▼
Profit (loss) for the period to be appropriated9905€35k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€114k€141k▲
Profit (loss) brought forward from the previous period14P€79k€114k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
31-03
Financial
Equity above €100kEq €116k ▲42.9%
4 profitable years in a row build equity to €116k.
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 35 days late
31-03
Financial
Weakest financial yearnet €17k ▼63.2%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity times 86current ratio 759.31
Current ratio from 8.83 to 759.31; short-term debt falls from €6k to €83.
2021
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Pelt · 1 establishment unit since 2020
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.
Volmolenstraat 343910 PeltGround area
1,115 m²
Building footprint
160 m²
Volume, LiDAR
1,105 m³
Parcel 72025B1101/00Z000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HLB
since 20202.300.707.663
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72025B1101/00Z000 | Flanders | 1,115 m² | 1 · 160 m² | 9.7 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.
Similar companies · same sector, comparable size
HS-Group
BE 0500.801.793
Gent · Eq €142k
VAN SAET HENDRIK - ELECTRICITEITSWERKEN
BE 0434.095.388
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DEVOS MIKE
BE 0889.589.572
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EFE-ENGINEERING
BE 0837.703.183
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ELECTRO-DESIGN RO & RO
BE 0463.205.484
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,648 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-2020
Fiscal year end31-03
Activities, NACEBEL
43211General electrical installation work
27110Manufacture of electrical equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.