HTC INVESTMENT
ActiveSummary
The computed 12-month bankruptcy probability of HTC INVESTMENT is 2.4% (moderate). The 2025 annual accounts show equity of €409k and a net result of €-39k. Equity is shrinking by ~3.8% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability21▼-18
Solvency76▼-2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.12 in 2024; short-term debt: 25.2% and cash: 2% of total assets), and 49% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-39k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 d early
2024
9 d early
2023
6 d early
2022
6 d early
2021
31 d early
2020
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€409k▼ 8.7%
2024 · €448k
2020: €500k
2021: €502k▲ +0.4% vs 2020highest in 6 years
2022: €486k▼ -3.2% vs 2021
2023: €460k▼ -5.4% vs 2022
2024: €448k▼ -2.5% vs 2023
2025: €409k▼ -8.7% vs 2024lowest in 6 years
2020 → 2025
Total assets
€802k▼ 4.9%
2024 · €843k
2020: €817k
2021: €803k▼ -1.7% vs 2020
2022: €774k▼ -3.6% vs 2021
2023: €736k▼ -4.9% vs 2022lowest in 6 years
2024: €843k▲ +14.5% vs 2023highest in 6 years
2025: €802k▼ -4.9% vs 2024
2020 → 2025
Net result
€-39k▼ 235%
2024 · €-12k
2020: €-25k
2021: €2k▲ +107% vs 2020highest in 6 years
2022: €-16k▼ -1001% vs 2021
2023: €-26k▼ -63.7% vs 2022
2024: €-12k▲ +55.6% vs 2023
2025: €-39k▼ -235% vs 2024lowest in 6 years
2020 → 2025
Working capital
€-180k▼ 1.8%
2024 · €-177k
2020: €-67k
2021: €-54k▲ +19.8% vs 2020
2022: €-56k▼ -4.4% vs 2021
2023: €-52k▲ +6.9% vs 2022highest in 6 years
2024: €-177k▼ -238% vs 2023
2025: €-180k▼ -1.8% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€502k-€486k▼ 3.2%€460k▼ 5.4%€448k▼ 2.5%€409k▼ 8.7%
2021: €502khighest in 5 years
2022: €486k▼ -3.2% vs 2021
2023: €460k▼ -5.4% vs 2022
2024: €448k▼ -2.5% vs 2023
2025: €409k▼ -8.7% vs 2024lowest in 5 years
Operating result€8k-€-10k€-19k▼ 94.2%€2k€-23k
2021: €8khighest in 5 years
2022: €-10k▼ -224% vs 2021
2023: €-19k▼ -94.2% vs 2022
2024: €2k▲ +108% vs 2023
2025: €-23k▼ -1595% vs 2024lowest in 5 years
Net result€2k-€-16k€-26k▼ 63.7%€-12k▲ 55.6%€-39k▼ 235%
2021: €2khighest in 5 years
2022: €-16k▼ -1001% vs 2021
2023: €-26k▼ -63.7% vs 2022
2024: €-12k▲ +55.6% vs 2023
2025: €-39k▼ -235% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €23k after €2k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €802k
Fixed assets
€780k ▼ 4.8%
Current assets
€22k ▼ 8.9%
Equity and liabilities €802k
Equity
€409k ▼ 8.7%
Debt
€392k ▼ 0.6%
Debt's share of the balance-sheet total rises from 46.8% to 49.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▼
2024 · €35k
Cash flow
€258▼
2024 · €22k
Current ratio
0.11▼
2024 · 0.12
Debt to equity
0.96▲
2024 · 0.88
ROE
-9.5%▼
2024 · -2.6%
ROA
-4.8%▼
2024 · -1.4%
Interest coverage
1.02▼
2024 · 2.65
Debt ≤ 1 year
€202k▲
2024 · €201k
Debt > 1 year
€158k▼
2024 · €174k
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 · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€843k€802k▼
Fixed assets21/28€819k€780k▼
Tangible fixed assets22/27€819k€780k▼
Land and buildings22€678k€656k▼
Plant, machinery and equipment23€141k€124k▼
Current assets29/58€24k€22k▼
Amounts receivable within one year40/41€12k€5k▼
Trade receivables40€10k€2k▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€11k€16k▲
Deferred charges and accrued income490/1€480€483▲
Equity and liabilities
Total equity and liabilities10/49€843k€802k▼
Equity10/15€448k€409k▼
Contributions10/11€525k€525k=
Profit (loss) carried forward14€-77k€-116k▼
Amounts payable17/49€395k€392k▼
Amounts payable after more than one year17€174k€158k▼
Financial debts170/4€174k€158k▼
Amounts payable within one year42/48€201k€202k▲
Current portion of amounts payable after more than one year42€16k€16k▲
Trade debts44€83€852▲
Suppliers440/4€83€852▲
Other amounts payable47/48€185k€185k=
Accrued charges and deferred income492/3€20k€32k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€39k▲
Other operating charges640/8€5k€7k▲
Gross operating margin9900€40k€23k▼
Operating profit (loss)9901€2k€-23k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€13k€16k▲
Recurring financial charges65€13k€16k▲
Profit (loss) for the period before taxes9903€-12k€-39k▼
Profit (loss) for the period9904€-12k€-39k▼
Profit (loss) for the period to be appropriated9905€-12k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-77k€-116k▼
Profit (loss) brought forward from the previous period14P€-65k€-77k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €27k | €27k | €33k | €39k | ▲ 17.3% |
| Other operating charges640/8 | €5k | €5k | €5k | €5k | €7k | ▲ 32.4% |
| Gross operating margin9900 | €40k | €22k | €12k | €40k | €23k | ▼ 42.9% |
| Operating profit (loss)9901 | €8k | €-10k | €-19k | €2k | €-23k | ▼ 1,595% |
| Financial income75/76B | €5 | €0 | - | - | €0 | - |
| Recurring financial income75 | €5 | €0 | - | - | €0 | - |
| Financial charges65/66B | €6k | €6k | €7k | €13k | €16k | ▲ 18.1% |
| Recurring financial charges65 | €6k | €6k | €7k | €13k | €16k | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €2k | €-16k | €-26k | €-12k | €-39k | ▼ 235% |
| Profit (loss) for the period9904 | €2k | €-16k | €-26k | €-12k | €-39k | ▼ 235% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-16k | €-26k | €-12k | €-39k | ▼ 235% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €803k | €774k | €736k | €843k | €802k | ▼ 4.9% |
| Fixed assets21/28 | €780k | €754k | €727k | €819k | €780k | ▼ 4.8% |
| Tangible fixed assets22/27 | €780k | €754k | €727k | €819k | €780k | ▼ 4.8% |
| Land and buildings22 | €745k | €723k | €700k | €678k | €656k | ▼ 3.3% |
| Plant, machinery and equipment23 | €35k | €31k | €27k | €141k | €124k | ▼ 11.8% |
| Current assets29/58 | €23k | €20k | €9k | €24k | €22k | ▼ 8.9% |
| Amounts receivable within one year40/41 | €3k | €12k | €4k | €12k | €5k | ▼ 58.1% |
| Trade receivables40 | - | - | - | €10k | €2k | ▼ 78.9% |
| Other amounts receivable41 | €3k | €12k | €4k | €2k | €3k | ▲ 50.0% |
| Cash at bank and in hand54/58 | €19k | €8k | €4k | €11k | €16k | ▲ 46.4% |
| Deferred charges and accrued income490/1 | €398 | €417 | €464 | €480 | €483 | ▲ 0.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €803k | €774k | €736k | €843k | €802k | ▼ 4.9% |
| Equity10/15 | €502k | €486k | €460k | €448k | €409k | ▼ 8.7% |
| Contributions10/11 | €525k | €525k | €525k | €525k | €525k | = |
| Profit (loss) carried forward14 | €-23k | €-39k | €-65k | €-77k | €-116k | ▼ 50.4% |
| Amounts payable17/49 | €301k | €288k | €276k | €395k | €392k | ▼ 0.6% |
| Amounts payable after more than one year17 | €221k | €206k | €206k | €174k | €158k | ▼ 9.3% |
| Financial debts170/4 | €221k | €206k | €206k | €174k | €158k | ▼ 9.3% |
| Amounts payable within one year42/48 | €77k | €77k | €61k | €201k | €202k | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | €0 | €16k | €16k | ▲ 1.5% |
| Trade debts44 | €1k | €1k | €1k | €83 | €852 | ▲ 925% |
| Suppliers440/4 | €1k | €1k | €1k | €83 | €852 | ▲ 925% |
| Other amounts payable47/48 | €60k | €60k | €60k | €185k | €185k | = |
| Accrued charges and deferred income492/3 | €4k | €6k | €10k | €20k | €32k | ▲ 64.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-16k | €-26k | €-12k | €-39k | ▼ 235% |
| + Depreciation and write-downs630 | €27k | €27k | €27k | €33k | €39k | ▲ 17.3% |
| Operating cash flow (approximation) | €28k | €11k | €461 | €22k | €258 | ▼ 98.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-125k | €0 | ▲ 100% |
| Change in cash | - | €-11k | €-4k | €7k | €5k | ▼ 24.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Equity above €500kEq €502k ▲0.4%
Equity rises from €500k to €502k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Lokeren · 1 establishment unit since 2019
Ground area
1.2 ha
Building footprint
3,396 m²
Volume, LiDAR
956 m³
Parcel 46014A0419/00F000, Flanders · tallest building 16.9 m. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
HTC Investment
since 20192.292.760.888
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0419/00F000 | Flanders | 1.2 ha | 1 · 3,396 m² | 16.9 m |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2019
Fiscal year end31-12
Contact
E-mail
b.vanpuyvelde@giec.be
Scores and ratios are computed by Checked and are not a credit decision.