HUBTECH
ActiveSummary
HUBTECH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €52,950 and a net result of €30,331. Equity is growing by ~38.8% per year across the filed fiscal years. Its solvency ranks better than 51% of 274 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency74▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.24 in 2023; short-term debt: 51% and cash: 58.7% of total assets), and 51% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
49%
Return on assets
28.1%
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 31-07-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
34 d early
2022
32 d early
2021
30 d late
2020
23 d early
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€52,950▲ 24.2%
2023 · €42,619
Total assets
€108,082▲ 22.1%
2023 · €88,537
Net result
€30,331▼ 35.3%
2023 · €46,897
Working capital
€27,229▲ 150%
2023 · €10,874
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€14,341€17,235▲ 20.2%€30,617▲ 77.6%€60,370▲ 97.2%€39,010▼ 35.4%
Net result€10,023€15,392▲ 53.6%€22,604▲ 46.9%€46,897▲ 107%€30,331▼ 35.3%
Equity€8,926▲ 82.0%€24,318▲ 172%€34,322▲ 41.1%€42,619▲ 24.2%€52,950▲ 24.2%
Total assets€86,378▲ 236%€51,744▼ 40.1%€82,695▲ 59.8%€88,537▲ 7.1%€108,082▲ 22.1%
Debt€77,452▲ 272%€27,427▼ 64.6%€48,373▲ 76.4%€45,918▼ 5.1%€55,132▲ 20.1%
Working capital-€14,476▼ 701%-€6,534▲ 54.9%€658€10,874▲ 1,552%€27,229▲ 150%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 35% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €108,082
Fixed assets
€25,720 ▼ 19.0%
Current assets
€82,361 ▲ 45.0%
Equity and liabilities €108,082
Equity
€52,950 ▲ 24.2%
Debt
€55,132 ▲ 20.1%
Debt's share of the balance-sheet total falls from 51.9% to 51.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45,043▼
2023 · €66,092
Cash flow
€36,364▼
2023 · €52,618
Current ratio
1.49▲
2023 · 1.24
Debt to equity
1.04▼
2023 · 1.08
ROE
57.3%▼
2023 · 110.0%
ROA
28.1%▼
2023 · 53.0%
Interest coverage
249.86▲
2023 · 96.60
Debt ≤ 1 year
€55,132▲
2023 · €45,909
Income taxes
€8,877▼
2023 · €12,789
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,952 | €7,611 | €5,690 | €5,721 | €6,033 | ▲ 5.5% |
| Other operating charges640/8 | - | €489 | €545 | €525 | €777 | ▲ 47.9% |
| Gross operating margin9900 | €18,732 | €25,336 | €36,852 | €66,617 | €45,819 | ▼ 31.2% |
| Operating profit (loss)9901 | €14,341 | €17,235 | €30,617 | €60,370 | €39,010 | ▼ 35.4% |
| Financial income75/76B | - | - | - | - | €378 | - |
| Recurring financial income75 | - | - | - | - | €378 | - |
| Financial charges65/66B | - | €787 | €569 | €684 | €180 | ▼ 73.7% |
| Recurring financial charges65 | €600 | €787 | €569 | €684 | €180 | ▼ 73.7% |
| Profit (loss) for the period before taxes9903 | €13,741 | €16,448 | €30,049 | €59,686 | €39,208 | ▼ 34.3% |
| Income taxes67/77 | €3,718 | €1,056 | €7,444 | €12,789 | €8,877 | ▼ 30.6% |
| Profit (loss) for the period9904 | €10,023 | €15,392 | €22,604 | €46,897 | €30,331 | ▼ 35.3% |
| Profit (loss) for the period to be appropriated9905 | €10,023 | €15,392 | €22,604 | €46,897 | €30,331 | ▼ 35.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86,378 | €51,744 | €82,695 | €88,537 | €108,082 | ▲ 22.1% |
| Fixed assets21/28 | €42,456 | €39,353 | €33,663 | €31,753 | €25,720 | ▼ 19.0% |
| Tangible fixed assets22/27 | €42,456 | €39,353 | €33,663 | €31,753 | €25,720 | ▼ 19.0% |
| Land and buildings22 | - | €4,585 | €3,821 | €6,836 | €5,310 | ▼ 22.3% |
| Furniture and vehicles24 | - | €34,769 | €29,843 | €24,917 | €20,410 | ▼ 18.1% |
| Current assets29/58 | €43,922 | €12,391 | €49,031 | €56,783 | €82,361 | ▲ 45.0% |
| Amounts receivable within one year40/41 | €321 | €4,789 | €1,133 | €12,651 | €18,906 | ▲ 49.4% |
| Trade receivables40 | - | €463 | €1,083 | €12,438 | €14,781 | ▲ 18.8% |
| Other amounts receivable41 | - | €4,326 | €51 | €213 | €4,126 | ▲ 1,835% |
| Cash at bank and in hand54/58 | €43,601 | €7,602 | €47,898 | €44,133 | €63,455 | ▲ 43.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86,378 | €51,744 | €82,695 | €88,537 | €108,082 | ▲ 22.1% |
| Equity10/15 | €8,926 | €24,318 | €34,322 | €42,619 | €52,950 | ▲ 24.2% |
| Contributions10/11 | - | €6,200 | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €866 | €16,258 | €13,862 | €40,759 | €51,090 | ▲ 25.3% |
| Amounts payable17/49 | €77,452 | €27,427 | €48,373 | €45,918 | €55,132 | ▲ 20.1% |
| Amounts payable after more than one year17 | €19,049 | €8,502 | - | - | - | - |
| Financial debts170/4 | - | €8,502 | - | - | - | - |
| Amounts payable within one year42/48 | €58,398 | €18,925 | €48,373 | €45,909 | €55,132 | ▲ 20.1% |
| Current portion of amounts payable after more than one year42 | - | €10,547 | €8,502 | - | - | - |
| Trade debts44 | €23,051 | €3,048 | €1,503 | €653 | €976 | ▲ 49.5% |
| Suppliers440/4 | - | €3,048 | €1,503 | €653 | €976 | ▲ 49.5% |
| Taxes, remuneration and social security45 | - | €5,329 | €17,118 | €16,688 | €11,661 | ▼ 30.1% |
| Taxes450/3 | - | €5,329 | €17,118 | €16,688 | €11,661 | ▼ 30.1% |
| Other amounts payable47/48 | - | - | €21,250 | €28,568 | €42,494 | ▲ 48.7% |
| Accrued charges and deferred income492/3 | - | - | - | €9 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,023 | €15,392 | €22,604 | €46,897 | €30,331 | ▼ 35.3% |
| + Depreciation and write-downs630 | €3,952 | €7,611 | €5,690 | €5,721 | €6,033 | ▲ 5.5% |
| Operating cash flow (approximation) | €13,975 | €23,003 | €28,294 | €52,618 | €36,364 | ▼ 30.9% |
| Investment in fixed assets (approximation) | - | -€4,509 | €0 | -€3,811 | €0 | ▲ 100% |
| Change in cash | - | -€35,999 | €40,296 | -€3,765 | €19,323 | ▲ 613% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €46,897 ▲107%
Operating result €60,370, net result €46,897, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10,023
Net result €10,023 after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
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, Hannut · 1 establishment unit since 2015
Ground area
1,467 m²
Building footprint
55 m²
Volume, LiDAR
468 m³
Parcel 64072B0064/00H000, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HUBTECH
since 20152.242.079.873
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64072B0064/00H000 | Wallonia | 1,467 m² | 1 · 55 m² | 10.1 m · 3 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.
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Of 248 companies in sector 26110 we hold annual accounts for 182. 81 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
26110Manufacture of computer, electronic and optical products
26600Manufacture of computer, electronic and optical products
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0630746161
Registered
05-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.