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HOBELEC

Active
Public limited companyfounded 198739 yrs activeZuidstraat 135-137, 1000 Brussel, BelgiumKBO/BCE: BE 0430.600.420
Summary

HOBELEC has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €143,727 and a net result of €41,270. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 89% of 2083 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability91▲+36
Solvency100▲+32
Growth53▲+6
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 4.97 against 1.74 in 2024; short-term debt: 20.1% and cash: 74% of total assets), and 20.3% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
lowers risk · 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
79.7%
Return on assets
22.9%
Age of the figures
12 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €143,727
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 d early
2024
8 d early
2023
21 d early
2022
34 d early
2021
26 d early
2020
38 d early
2019
37 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 10 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
neutral · 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

History

HOBELEC was incorporated on 26 February 1987.1 Revenue fell from EUR 552,717 in 2018 to EUR 294,794 in 2025 and headcount from 7 to 4 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€294,794▼ 38.9%
2024 · €482,552
EBIT margin
14.1%▲ 14.0pp
2024 · 0.2%
Net result
€41,270▲ 8,516%
2024 · €479
Working capital
€144,027▲ 43.0%
2024 · €100,711
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€423,866▲ 5.6%€368,698▼ 13.0%€344,051▼ 6.7%€482,552▲ 40.3%€294,794▼ 38.9%
Operating result€4,817▼ 55.9%€4,019▼ 16.6%-€46,079€921€41,698▲ 4,427%
Net result€3,636within the sector's middle half▼ 44.5%€2,509within the sector's middle half▼ 31.0%-€47,513below the sector's middle half€479below the sector's middle half€41,270within the sector's middle half▲ 8,516%
EBIT margin1.1%▼ 1.6pp1.1%=-13.4%▼ 14.5pp0.2%▲ 13.6pp14.1%▲ 14.0pp
Equity€146,982within the sector's middle half▲ 2.5%€149,491within the sector's middle half▲ 1.7%€101,978within the sector's middle half▼ 31.8%€102,457within the sector's middle half▲ 0.5%€143,727within the sector's middle half▲ 40.3%
Total assets€187,356within the sector's middle half▲ 0.2%€178,854below the sector's middle half▼ 4.5%€193,858below the sector's middle half▲ 8.4%€239,328below the sector's middle half▲ 23.5%€180,344below the sector's middle half▼ 24.6%
Debt€40,374▼ 7.4%€29,363▼ 27.3%€91,880▲ 213%€136,871▲ 49.0%€36,617▼ 73.2%
Working capital€101,149within the sector's middle half▲ 24.3%€131,055within the sector's middle half▲ 29.6%€91,887within the sector's middle half▼ 29.9%€100,711within the sector's middle half▲ 9.6%€144,027within the sector's middle half▲ 43.0%
Solvency78.5%above the sector's middle half▲ 1.8pp83.6%above the sector's middle half▲ 5.1pp52.6%within the sector's middle half▼ 31.0pp42.8%within the sector's middle half▼ 9.8pp79.7%above the sector's middle half▲ 36.9pp
Current ratio3.52above the sector's middle half▲ 0.655.46above the sector's middle half▲ 1.942.00within the sector's middle half▼ 3.461.74within the sector's middle half▼ 0.264.97above the sector's middle half▲ 3.23
Return on assets (ROA)1.9%within the sector's middle half▼ 1.6pp1.4%within the sector's middle half▼ 0.5pp-24.5%below the sector's middle half▼ 25.9pp0.2%below the sector's middle half▲ 24.7pp22.9%above the sector's middle half▲ 22.7pp
Staff (FTE)4within the sector's middle half▼ 16.7%3.9within the sector's middle half▼ 2.5%3.1below the sector's middle half▼ 20.5%3.3below the sector's middle half▲ 6.5%4below the sector's middle half▲ 21.2%
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Staff figure corrected
  • 2022 Filed: 263,438; shown: 3.9 (source: social balance report). The filed figure means under EUR 100 of staff costs per FTE.
Result per fiscal year
Operating resultNet result
-€50,000-€25,000€0€25,000€50,000Operating result 2021: €4,817€4,817Net result 2021: €3,636€3,636Operating result 2022: €4,019€4,019Net result 2022: €2,509€2,509Operating result 2023: -€46,079-€46,079Net result 2023: -€47,513-€47,513Operating result 2024: €921€921Net result 2024: €479€479Operating result 2025: €41,698€41,698Net result 2025: €41,270€41,27020212022202320242025-€50,000-€25,000€0€25,000€50,000Operating result 2023: -€46,079-€46,100Net result 2023: -€47,513-€47,500Operating result 2024: €921€921Net result 2024: €479€479Operating result 2025: €41,698€41,700Net result 2025: €41,270€41,300202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4,427% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €180,344
Equity €143,727 ▲ 40.3%
Debt €36,617 ▼ 73.2%
Debt's share of the balance-sheet total falls from 57.2% to 20.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€43,444▲
2024 · €9,266
Cash flow
€43,016▲
2024 · €8,824
Debt to equity
0.25▼
2024 · 1.34
ROE
28.7%▲
2024 · 0.5%
Interest coverage
101.50▲
2024 · 20.96
Debt ≤ 1 year
€36,317▼
2024 · €136,871
Staff costs
€163,741▼
2024 · €202,078
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€239,328€180,344▼
Fixed assets21/28€1,746-
Tangible fixed assets22/27€1,746-
Furniture and vehicles24€1,746-
Current assets29/58€237,582€180,344▼
Amounts receivable within one year40/41€182,312€44,479▼
Trade receivables40€133,320€39,948▼
Other amounts receivable41€48,992€4,531▼
Cash at bank and in hand54/58€52,435€133,531▲
Deferred charges and accrued income490/1€2,835€2,334▼
Equity and liabilities
Total equity and liabilities10/49€239,328€180,344▼
Equity10/15€102,457€143,727▲
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Profit (loss) carried forward14€34,257€75,527▲
Amounts payable17/49€136,871€36,617▼
Amounts payable within one year42/48€136,871€36,317▼
Trade debts44€3,317€13,438▲
Suppliers440/4€3,317€13,438▲
Taxes, remuneration and social security45€27,554€2,879▼
Taxes450/3€3,945€1,662▼
Remuneration and social security454/9€23,609€1,217▼
Other amounts payable47/48€106,000€20,000▼
Accrued charges and deferred income492/3-€300
Income statement Code20242025
Turnover70€482,552€294,794▼
Goods, raw materials, services and sundry goods60/61€280,678€90,028▼
Remuneration, social security and pensions62€202,078€163,741▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,345€1,746▼
Other operating charges640/8€838€993▲
Gross operating margin9900€212,182€208,178▼
Operating profit (loss)9901€921€41,698▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€442€428▼
Recurring financial charges65€442€428▼
Profit (loss) for the period before taxes9903€479€41,270▲
Profit (loss) for the period9904€479€41,270▲
Profit (loss) for the period to be appropriated9905€479€41,270▲
Appropriation of the result
Profit (loss) to be appropriated9906€34,257€75,527▲
Profit (loss) brought forward from the previous period14P€33,778€34,257▲
Social balance
Average headcount (FTE)90873.34.0▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€423,866€368,698€344,051€482,552€294,794▼ 38.9%
Goods, raw materials, services and sundry goods60/61€167,396€119,924€174,753€280,678€90,028▼ 67.9%
Remuneration, social security and pensions62€239,013€263,438€215,392€202,078€163,741▼ 19.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,849€8,685€8,345€8,345€1,746▼ 79.1%
Other operating charges640/8€913€751€1,263€838€993▲ 18.5%
Gross operating margin9900€260,592€276,893€178,921€212,182€208,178▼ 1.9%
Operating profit (loss)9901€4,817€4,019-€46,079€921€41,698▲ 4,427%
Financial income75/76B€64-€85€0--
Recurring financial income75€64-€85€0--
Financial charges65/66B€152€188€358€442€428▼ 3.2%
Recurring financial charges65€152€188€358€442€428▼ 3.2%
Profit (loss) for the period before taxes9903€4,729€3,831-€46,352€479€41,270▲ 8,516%
Income taxes67/77€1,093€1,322€1,161---
Profit (loss) for the period9904€3,636€2,509-€47,513€479€41,270▲ 8,516%
Profit (loss) for the period to be appropriated9905€3,636€2,509-€47,513€479€41,270▲ 8,516%
Line20212022202320242025Change
Assets
Total assets20/58€187,356€178,854€193,858€239,328€180,344▼ 24.6%
Fixed assets21/28€46,094€18,436€10,091€1,746--
Tangible fixed assets22/27€46,094€18,436€10,091€1,746--
Plant, machinery and equipment23€340€0----
Furniture and vehicles24€45,754€18,436€10,091€1,746--
Current assets29/58€141,262€160,418€183,767€237,582€180,344▼ 24.1%
Amounts receivable within one year40/41€130,410€57,083€141,260€182,312€44,479▼ 75.6%
Trade receivables40€120,000€46,778€115,320€133,320€39,948▼ 70.0%
Other amounts receivable41€10,410€10,305€25,940€48,992€4,531▼ 90.8%
Cash at bank and in hand54/58€8,362€101,041€40,058€52,435€133,531▲ 155%
Deferred charges and accrued income490/1€2,490€2,294€2,449€2,835€2,334▼ 17.7%
Equity and liabilities
Total equity and liabilities10/49€187,356€178,854€193,858€239,328€180,344▼ 24.6%
Equity10/15€146,982€149,491€101,978€102,457€143,727▲ 40.3%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€6,200€6,200€6,200€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Profit (loss) carried forward14€78,782€81,291€33,778€34,257€75,527▲ 120%
Amounts payable17/49€40,374€29,363€91,880€136,871€36,617▼ 73.2%
Amounts payable within one year42/48€40,113€29,363€91,880€136,871€36,317▼ 73.5%
Trade debts44€20,824€9,380€82,390€3,317€13,438▲ 305%
Suppliers440/4€20,824€9,380€82,390€3,317€13,438▲ 305%
Taxes, remuneration and social security45€19,289€19,983€9,490€27,554€2,879▼ 89.6%
Taxes450/3€4,497€3,998€2,982€3,945€1,662▼ 57.9%
Remuneration and social security454/9€14,792€15,985€6,508€23,609€1,217▼ 94.8%
Other amounts payable47/48---€106,000€20,000▼ 81.1%
Accrued charges and deferred income492/3€261---€300-
Line20212022202320242025Change
Profit (loss) for the period9904€3,636€2,509-€47,513€479€41,270▲ 8,516%
+ Depreciation and write-downs630€15,849€8,685€8,345€8,345€1,746▼ 79.1%
Operating cash flow (approximation)€19,485€11,194-€39,168€8,824€43,016▲ 387%
Investment in fixed assets (approximation)-€18,973€0€0--
Change in cash-€92,679-€60,983€12,377€81,096▲ 555%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
23-04
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial Highest result since 2018net €41,270 ▲8,516%
Operating result €41,698, net result €41,270, both a record.
30-09
Financial Liquidity triplescurrent ratio 4.97
Current ratio from 1.74 to 4.97; short-term debt falls from €136,871 to €36,317.
22-04
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial Back to profitnet €479
Net result €479 after one loss-making year.
09-04
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial Weakest financial yearnet -€47,513
Net result drops to -€47,513, the lowest in the series; recovery starts the following year.
27-03
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
04-04
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
23-03
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
24-03
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial Back to profitnet €3,857
Net result €3,857 after one loss-making year.
Show earlier events
25-03
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2017
30-03
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
29-03
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
8 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, Brussel · 1 establishment unit since 1987
seat establishment The establishment unit on the map
Ground area
1,192 m²
Building footprint
2,149 m²
Volume, LiDAR
45,396 m³
Parcel 21809K0067/00X000, Brussels · tallest building 30.5 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Zuidstraat 135, 1000 Brussel
NACE 4531002
since 19872.031.517.223
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21809K0067/00X000 Brussels 1,192 m² 1 · 2,149 m² 30.4 m · 7 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. HOBEFI 99.6%
  2. HOBELEC

Highest known parent: HOBEFI. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 30-09-2025 list no holdings, and no other source names one.

According to the annual accounts to 30-09-2025 of HOBELEC and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 4,094 companies in sector 43240 we hold annual accounts for 1,635. 1,350 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded26-02-1987
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0430600420
Also 9925:BE0430600420
Registered 24-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.