Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2018 to 2025 closed with a loss. 2019 was the heaviest.
Lower solvency than 91% of companies in wholesale trade. Sector median 40.6% · 15,428 companies.
In July 2024, 6,909 companies had the same profile as HPCS has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,909 companies, not a prediction for HPCS. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| HPCS Leuven | €4,141 | -€817 | -131.2% | - |
| STUD Sint-Katelijne-Waver | €5,745 | -€1,450 | -32.2% | - |
| MAT-LAU Merchtem | €5,998 | €1,407 | -347.4% | - |
| GO BIZ Wavre | €7,169 | -€1,753 | -787.0% | - |
| "CREATIVE SYSTEM for/with IT" Namur | €14,508 | -€484 | 90.3% | - |
| OXTRA Lubbeek | €19,663 | -€12,286 | 71.8% | - |
| C3 MANAGEMENT Kraainem | €14,763 | -€11,385 | 48.2% | - |
These companies have the same main activity as HPCS: agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140). They are comparable in size and age: total assets between €5,740 and €19,700, founded between 2002 and 2018.
HPCS files the micro format. That format states no turnover. The gross margin fell from €173 in 2011 to -€817 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
4,141 | 4,266 | 4,361 | 2,596 | 2,575 | 1,770 | 2,368 | 1,988 | 2,794 | 5,411 | 3,591 | 7,166 | 6,073 | 3,569 | 4,769 | |
21/28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 210 | 476 | |
22/27 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 210 | 476 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 210 | 476 | |
29/58 |
4,141 | 4,266 | 4,361 | 2,596 | 2,575 | 1,770 | 2,368 | 1,988 | 2,794 | 5,411 | 3,591 | 7,166 | 6,073 | 3,360 | 4,292 | |
40/41 |
399 | 4,080 | 2,419 | 274 | 1,682 | 1,176 | 1,062 | 471 | 2,667 | 5,199 | 1,128 | 3,709 | 663 | 403 | 380 | |
40 |
0 | 2,717 | 1,675 | 0 | 972 | 846 | - | 98 | 980 | 3,836 | 300 | 2,960 | 22 | 110 | 309 | |
41 |
399 | 1,363 | 744 | 274 | 710 | 330 | 1,062 | 373 | 1,687 | 1,362 | 829 | 749 | 642 | 293 | 71 | |
54/58 |
3,743 | 185 | 1,942 | 2,322 | 893 | 594 | 1,306 | 1,518 | 128 | 213 | 2,463 | 3,457 | 5,410 | 2,957 | 3,913 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
4,141 | 4,266 | 4,361 | 2,596 | 2,575 | 1,770 | 2,368 | 1,988 | 2,794 | 5,411 | 3,591 | 7,166 | 6,073 | 3,569 | 4,769 | |
10/15 |
-5,435 | -4,180 | -3,938 | -3,751 | -3,358 | -2,635 | -2,164 | -834 | 90 | 3 | 2,740 | 6,567 | 5,520 | 3,091 | 4,366 | |
10/11 |
11,300 | 11,300 | 11,300 | 11,300 | 11,300 | 11,300 | 11,300 | 11,300 | 11,300 | 11,300 | 11,300 | 11,300 | 11,300 | 6,300 | 6,300 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 7,300 | 7,300 | 7,300 | 7,300 | 7,300 | 7,300 | 7,300 | 12,300 | 12,300 | |
14 |
-16,735 | -15,480 | -15,238 | -15,051 | -14,658 | -13,935 | -13,464 | -12,134 | -11,210 | -11,297 | -8,560 | -4,733 | -5,780 | -3,209 | -1,934 | |
17/49 |
9,576 | 8,446 | 8,298 | 6,347 | 5,933 | 4,405 | 4,532 | 2,823 | 2,705 | 5,408 | 852 | 599 | 553 | 478 | 403 | |
42/48 |
9,576 | 8,446 | 8,298 | 6,347 | 5,933 | 4,405 | 4,532 | 2,823 | 2,705 | 5,408 | 852 | 599 | 553 | 478 | 403 | |
44 |
1,544 | 414 | 362 | 410 | 533 | 98 | 209 | - | 29 | 3,738 | - | 40 | - | - | - | |
440/4 |
1,544 | 414 | 362 | 410 | 533 | 98 | 209 | - | 29 | 3,738 | - | 40 | - | - | - | |
47/48 |
8,032 | 8,032 | 7,937 | 5,937 | 5,399 | 4,307 | 4,323 | 2,823 | 2,676 | 1,670 | 852 | 560 | 553 | 478 | 403 | |
| Income statement | ||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 745 | 2,278 | |
9900 |
-817 | 189 | 237 | -7 | -338 | -97 | -959 | -550 | 455 | -583 | -3,480 | 1,414 | -1,996 | -641 | 173 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,386 | 2,104 | |
630 |
- | - | - | - | - | - | - | - | - | - | - | - | 210 | 267 | 1,324 | |
640/8 |
400 | 387 | 384 | 348 | 353 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 695 | |
66A |
- | - | - | - | - | - | - | - | - | 1,782 | - | - | - | - | - | |
9901 |
-1,217 | -199 | -147 | -354 | -690 | -444 | -1,307 | -898 | 107 | -2,713 | -3,827 | 1,066 | -2,553 | -1,255 | -1,845 | |
75/76B |
2 | - | - | - | - | - | - | - | - | - | 0 | 1 | 2 | 2 | 2 | |
75 |
2 | - | - | - | - | - | - | - | - | - | 0 | 1 | 2 | 2 | 2 | |
65/66B |
40 | 44 | 39 | 39 | 32 | 27 | 23 | 26 | 21 | 24 | 0 | 20 | 20 | 20 | 91 | |
65 |
40 | 44 | 39 | 39 | 32 | 27 | 23 | 26 | 21 | 24 | 0 | 20 | 20 | 20 | 91 | |
9903 |
-1,255 | -242 | -186 | -393 | -723 | -471 | -1,330 | -924 | 86 | -2,737 | -3,827 | 1,047 | -2,571 | -1,274 | -1,934 | |
67/77 |
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 1 | 0 | 0 | |
9904 |
-1,255 | -242 | -186 | -393 | -723 | -471 | -1,330 | -924 | 86 | -2,737 | -3,827 | 1,047 | -2,572 | -1,275 | -1,934 | |
9905 |
-1,255 | -242 | -186 | -393 | -723 | -471 | -1,330 | -924 | 86 | -2,737 | -3,827 | 1,047 | -2,572 | -1,275 | -1,934 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-16,735 | -15,480 | -15,238 | -15,051 | -14,658 | -13,935 | -13,464 | -12,134 | -11,210 | -11,297 | -8,560 | -4,733 | -5,780 | -3,209 | -1,934 | |
14P |
-15,480 | -15,238 | -15,051 | -14,658 | -13,935 | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00229758 | |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00300369 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00203660 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00165150 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20115529 | |
| 31-12-2020 | micro format | 21-06-2021 | 2021-22500412 | |
| 31-12-2019 | micro format | 28-07-2020 | 2020-35600160 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-39400232 | |
| 31-12-2017 | micro format | 19-06-2018 | 2018-20200149 | |
| 31-12-2016 | micro format | 17-07-2017 | 2017-31300355 | |
| 31-12-2015 | abbreviated format | 20-06-2016 | 2016-18700470 | |
| 31-12-2014 | abbreviated format | 26-06-2015 | 2015-21300202 | |
| 31-12-2013 | abbreviated format | 23-06-2014 | 2014-19400568 | |
| 31-12-2012 | abbreviated format | 24-06-2013 | 2013-19800484 | |
| 31-12-2011 | abbreviated format | 13-08-2012 | 2012-40000272 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | - | -2,343 | -989 | -522 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | -2,362 | -1,008 | -611 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 1,800 | ||
| 3,557 | -1,757 | -380 | 1,429 | 299 | -712 | -212 | 1,390 | -85 | -2,251 | -994 | -1,953 | 2,453 | -956 | - | ||
| -5,435 | -4,180 | -3,938 | -3,751 | -3,358 | -2,635 | -2,164 | -834 | 90 | 3 | 2,740 | 6,567 | 5,520 | 2,882 | 3,889 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | -81.0% | ||
| - | - | - | - | - | - | - | - | - | 0.1% | - | 91.6% | 90.9% | - | - | ||
| - | - | - | - | - | - | - | - | - | 1.00 | - | 11.96 | 10.98 | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | 0.09 | 0.10 | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | 15.9% | -46.6% | - | - | ||
| - | - | - | - | - | - | - | - | - | -50.6% | - | 14.6% | -42.3% | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 54 days | 49 days |
The ratios are withheld because a balance sheet total of €4,141 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is a loss of €1,217, larger than the loss of €199 in 2024. It is the lowest result since 2019.
Equity is negative. Debt (€9,576) exceeds the balance-sheet total (€4,141).
HPCS has no parent and no holdings in its annual accounts. is the only director. HPCS shares no director with another company.
| ALTHO
establishment since 22-08-1996 · founded in 1996 |
total assets €529,220 (2025) 0458.616.691 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Bleydenberglaan 16 registered office 3012 Leuven 52230 Warehousing and support activities for transportation | 15-10-2010 | 2.193.843.654 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24126D0203/00T003 | 535 m² | 1 · 126 m² | 10.5 m · 3 |
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