HOISTING EQUIPMENT
ActiveSummary
HOISTING EQUIPMENT has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.12M and a net result of €343k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 9038 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability53▼-31
Solvency80▲+4
Growth75=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 1.89 in 2023; short-term debt: 33.6% and cash: 11.8% of total assets), and 44.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Sector 46
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 2024Solvency, return and age of the figures
Solvency
55.5%
Return on assets
6.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
30 d early
2022
39 d early
2021
5 d early
2020
30 d early
2019
126 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€15.77M▲ 69.6%
2022 · €9.30M
2018: €9.44M
2019: €11.13M
2020: €8.20M
2021: €10.66M
2022: €9.30M
2018 → 2023
EBIT margin
10.0%▲ 6.3pp
2022 · 3.6%
2018: 2.3%
2019: 5.3%
2020: -1.2%
2021: 6.4%
2022: 3.6%
2018 → 2023
Net result
€343k▼ 70.2%
2023 · €1.15M
2018: €132k
2019: €350k
2020: €-169k
2021: €377k
2022: €193k
2023: €1.15M
2018 → 2024
Working capital
€2.12M▼ 0.7%
2023 · €2.13M
2018: €729k
2019: €990k
2020: €1.24M
2021: €1.27M
2022: €1.30M
2023: €2.13M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€8.20M-€10.66M▲ 30.0%€9.30M▼ 12.8%€15.77M▲ 69.6%
Equity€2.24M-€2.21M▼ 1.0%€2.25M▲ 1.5%€3.17M▲ 41.2%€3.12M▼ 1.8%
Operating result€-99k-€686k€338k▼ 50.7%€1.57M▲ 365%€168k▼ 89.3%
Net result€-169k-€377k€193k▼ 48.8%€1.15M▲ 495%€343k▼ 70.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 89% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.62M
Fixed assets
€1.61M ▼ 5.4%
Current assets
€4.01M ▼ 11.4%
Equity and liabilities €5.62M
Equity
€3.12M ▼ 1.8%
Debt
€2.50M ▼ 18.0%
Debt's share of the balance-sheet total falls from 49.0% to 44.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€593k▼
2023 · €1.94M
Cash flow
€768k▼
2023 · €1.52M
Current ratio
2.12▲
2023 · 1.89
Quick ratio
1.43▲
2023 · 1.27
Debt to equity
0.80▼
2023 · 0.96
ROE
11.0%▼
2023 · 36.3%
ROA
6.1%▼
2023 · 18.5%
Interest coverage
-2.07▼
2023 · 41.53
Debt ≤ 1 year
€1.89M▼
2023 · €2.39M
Debt > 1 year
€609k▼
2023 · €657k
Income taxes
€140k▼
2023 · €424k
Staff costs
€2.45M▼
2023 · €2.61M
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 · 2024 against 2023 · 87 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6.22M€5.62M▼
Fixed assets21/28€1.70M€1.61M▼
Intangible fixed assets21€182€0▼
Tangible fixed assets22/27€1.70M€1.61M▼
Land and buildings22€597k€522k▼
Plant, machinery and equipment23€101k€126k▲
Furniture and vehicles24€428k€324k▼
Leasing and similar rights25€577k€639k▲
Financial fixed assets28€935€937▲
Other financial fixed assets284/8€935-
Amounts receivable and cash guarantees285/8€935-
Current assets29/58€4.52M€4.01M▼
Stocks and contracts in progress3€1.48M€1.30M▼
Stocks30/36€1.35M€1.26M▼
Goods purchased for resale34€1.35M-
Contracts in progress37€132k€34k▼
Amounts receivable within one year40/41€1.11M€962k▼
Trade receivables40€1.10M€912k▼
Other amounts receivable41€5k€50k▲
Current investments50/53€1.00M€1.05M▲
Other investments51/53€1.00M-
Cash at bank and in hand54/58€893k€664k▼
Deferred charges and accrued income490/1€39k€34k▼
Equity and liabilities
Total equity and liabilities10/49€6.22M€5.62M▼
Equity10/15€3.17M€3.12M▼
Contributions10/11€976k€976k=
Capital10€976k€976k=
Issued capital100€976k€976k=
Reserves13€245k€245k=
Non-distributable reserves130/1€100k€100k=
Legal reserve130€100k€100k=
Tax-exempt reserves132€17k€17k=
Distributable reserves133€128k€128k=
Profit (loss) carried forward14€1.95M€1.90M▼
Amounts payable17/49€3.05M€2.50M▼
Amounts payable after more than one year17€657k€609k▼
Financial debts170/4€657k€609k▼
Leasing and similar obligations172€466k-
Credit institutions173€191k-
Amounts payable within one year42/48€2.39M€1.89M▼
Current portion of amounts payable after more than one year42€217k€265k▲
Financial debts43€22k€240k▲
Credit institutions430/8€22k€240k▲
Trade debts44€648k€501k▼
Suppliers440/4€648k€501k▼
Advances received on contracts in progress46€667k€225k▼
Taxes, remuneration and social security45€826k€657k▼
Taxes450/3€194k€194k▼
Remuneration and social security454/9€633k€463k▼
Other amounts payable47/48€8k€2k▼
Accrued charges and deferred income492/3€5k€4k▼
Income statement
Code20232024
Operating income70/76A€14.85M-
Turnover70€15.77M-
Change in stocks of work in progress, finished goods and contracts in progress71€-1.21M-
Other operating income74€196k-
Non-recurring operating income76A€94k€42k▼
Operating charges60/66A€13.28M-
Goods for resale, raw materials and consumables60€8.38M-
Purchases600/8€8.38M-
Change in stocks: decrease (increase)609€775-
Services and other goods61€1.76M-
Remuneration, social security and pensions62€2.61M€2.45M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€369k€426k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-22k€-526▲
Other operating charges640/8€67k€44k▼
Non-recurring operating charges66A€111k€400k▲
Gross operating margin9900-€3.48M
Operating profit (loss)9901€1.57M€168k▼
Financial income75/76B€9k€28k▲
Recurring financial income75€9k€28k▲
Income from current assets751€5k-
Other financial income752/9€4k-
Financial charges65/66B€7k€-287k▼
Recurring financial charges65€7k€-287k▼
Debt charges650€47k-
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-111k-
Other financial charges652/9€71k-
Profit (loss) for the period before taxes9903€1.57M€483k▼
Income taxes67/77€424k€140k▼
Taxes670/3€424k-
Profit (loss) for the period9904€1.15M€343k▼
Profit (loss) for the period to be appropriated9905€1.15M€343k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.18M€2.30M▲
Profit (loss) brought forward from the previous period14P€1.03M€1.95M▲
Profit to be distributed694/7€224k€400k▲
Return on contributions (dividend)694€224k€400k▲
Social balance
Average headcount (FTE)908726.426.0▼
The notes to these accounts (35 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €1.15M ▲495%
Operating result €1.57M, net result €1.15M, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €377k
Net result €377k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-169k ▼148%
Net result drops to €-169k, the lowest in the series; recovery starts the following year.
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 126 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 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, Bornem · 1 establishment unit since 1986
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.
Woestijnstraat(BOR) 412880 BornemGround area
5,837 m²
Building footprint
2,533 m²
Parcel 12007C0497/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
Woestijnstraat(BOR) 41, 2880 Bornem
since 19862.027.820.929
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007C0497/00B000 | Flanders | 5,837 m² | 1 · 2,533 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 16,477 EUR awarded · 19,534 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,103 EUR | 4,068 EUR |
| 2024 | 1 | 2,927 EUR | 2,512 EUR |
| 2023 | 1 | 1,947 EUR | 5,454 EUR |
| 2022 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
1 categoryHOISTING EQUIPEMENT NV38702
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Of 2,506 companies in sector 46649 we hold annual accounts for 1,759. 1,081 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-03-1976
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:jan@hoisting.be
Phone:038906600