HUBRECHTS
ActiveHUBRECHTS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137k and a net result of €-216k. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-33
Solvency32▼-2
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity tight (current ratio 1.08 against 1.25 in 2024), and 78.2% 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.8%
Return on assets
-34.5%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
36 d early
2023
4 d early
2022
9 d early
2021
33 d early
2020
31 d early
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Equity
€137k▼ 61.2%
2024 · €353k
2018: €546k
2019: €558k
2020: €509k
2021: €450k
2022: €455k
2023: €329k
2024: €353k
2018 → 2025
Total assets
€627k▼ 61.8%
2024 · €1.64M
2018: €2.22M
2019: €2.18M
2020: €1.91M
2021: €1.87M
2022: €2.00M
2023: €1.69M
2024: €1.64M
2018 → 2025
Net result
€-216k
2024 · €23k
2018: €19k
2019: €11k
2020: €-48k
2021: €-59k
2022: €5k
2023: €-125k
2024: €23k
2018 → 2025
Working capital
€25k▼ 90.2%
2024 · €253k
2018: €540k
2019: €518k
2020: €495k
2021: €425k
2022: €415k
2023: €262k
2024: €253k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€450k-€455k▲ 1.0%€329k▼ 27.6%€353k▲ 7.1%€137k▼ 61.2%
Operating result€-7k-€51k€-69k€81k€-141k
Net result€-59k-€5k€-125k€23k€-216k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €141k after €81k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €627k
Fixed assets
€293k▼ 22.2%
Current assets
€334k▼ 73.6%
Equity and liabilities €627k
Equity
€137k▼ 61.2%
Debt
€490k▼ 61.9%
The debt ratio falls from 78.5% to 78.2%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-78k▼
2024 · €133k
Cash flow
€-153k▼
2024 · €76k
Solvency
21.8%▲
2024 · 21.5%
Current ratio
1.08▼
2024 · 1.25
Quick ratio
1.08▲
2024 · 0.50
Debt / equity
3.58▼
2024 · 3.65
ROE
-157.8%▼
2024 · 6.6%
ROA
-34.5%▼
2024 · 1.4%
Interest coverage
-0.98▼
2024 · 2.20
Debt
€490k▼
2024 · €1.29M
Debt ≤ 1 year
€309k▼
2024 · €1.01M
Debt > 1 year
€181k▼
2024 · €277k
Income taxes
€272▲
2024 · €241
Staff costs
€339k▲
2024 · €305k
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€1.64M€627k▼
Fixed assets21/28€377k€293k▼
Intangible fixed assets21€2k€0▼
Tangible fixed assets22/27€365k€290k▼
Land and buildings22€343k€283k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€18k€3k▼
Financial fixed assets28€9k€4k▼
Current assets29/58€1.26M€334k▼
Stocks and contracts in progress3€756k€0▼
Stocks30/36€756k€0▼
Amounts receivable within one year40/41€453k€287k▼
Trade receivables40€448k€267k▼
Other amounts receivable41€5k€21k▲
Cash at bank and in hand54/58€23k€20k▼
Deferred charges and accrued income490/1€30k€26k▼
Equity and liabilities
Total equity and liabilities10/49€1.64M€627k▼
Equity10/15€353k€137k▼
Contributions10/11€124k€124k=
Reserves13€470k€38k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€38k€38k=
Distributable reserves133€433k€0▼
Profit (loss) carried forward14€-241k€-25k▲
Amounts payable17/49€1.29M€490k▼
Amounts payable after more than one year17€277k€181k▼
Financial debts170/4€277k€181k▼
Amounts payable within one year42/48€1.01M€309k▼
Current portion of amounts payable after more than one year42€73k€77k▲
Financial debts43€363k€750▼
Credit institutions430/8€363k€750▼
Trade debts44€387k€68k▼
Suppliers440/4€387k€68k▼
Taxes, remuneration and social security45€34k€17k▼
Taxes450/3€450€3k▲
Remuneration and social security454/9€33k€14k▼
Other amounts payable47/48€152k€146k▼
Income statement
Code20242025
Non-recurring operating income76A€0€229k▲
Remuneration, social security and pensions62€305k€339k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€62k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€-106k▼
Other operating charges640/8€7k€29k▲
Non-recurring operating charges66A-€233k
Gross operating margin9900€445k€417k▼
Operating profit (loss)9901€81k€-141k▼
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€61k€80k▲
Recurring financial charges65€61k€80k▲
Profit (loss) for the period before taxes9903€24k€-216k▼
Income taxes67/77€241€272▲
Profit (loss) for the period9904€23k€-216k▼
Profit (loss) for the period to be appropriated9905€23k€-216k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-241k€-457k▼
Profit (loss) brought forward from the previous period14P€-265k€-241k▲
Transfer from equity791/2-€433k
Social balance
Average headcount (FTE)90877.15.8▼
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-216k ▼1024%
Net result drops to €-216k, the lowest in the series.
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
21-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Peer · 1 establishment unit since 1989
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.
Sparrenstraat 4b3990 PeerGround area
1,571 m²
Building footprint
398 m²
Volume, LiDAR
2,102 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HUBRECHTS
since 19892.045.127.709
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030B0914/00W003indicative | Flanders | 1,057 m² | 1 · 178 m² | 8.2 m · 2 fl. |
| 72030B0914/00K004 | Flanders | 515 m² | 1 · 219 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels 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 · 2 entries · 936 EUR awarded · 936 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 627 EUR | 627 EUR |
| 2022 | 1 | 309 EUR | 309 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
SPAPENS
BE 0429.984.568
Charleroi · Eq €133k
VAN KEERBERGHEN en ZOON
BE 0447.151.687
Sint-Genesius-Rode · Eq €144k
Chez Maître Corbeau
BE 0695.935.606
La Bruyère · Eq €129k
MAISON DAUCHOT - LEONET
BE 0428.529.370
Estinnes · Eq €129k
CORNELISSEN
BE 0453.888.239
Tielt-Winge · Eq €147k
Of 390 companies in sector 46331 we hold annual accounts for 228. 132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-08-1989
Fiscal year end31-12
Activities, NACEBEL
46331Wholesale trade
47271Retail trade
47291Retail trade
51331
82990Other business support services
47210Retail sale of fruit and vegetables
47252Retail sale of beverages, general range
47260Retail trade
52250Logistics services
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.