HV TECHNICS
ActiveThe computed 12-month bankruptcy probability of HV TECHNICS is 2.9% (moderate). The 2023 annual accounts show negative equity (€-10k) and a net result of €-14k. Equity is shrinking by ~51.6% per year across the filed fiscal years. Its solvency ranks better than 8% of 33691 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2023
Axes · tick = 2022
Profitability100▲+100
Solvency67▲+31
Growth32=
Stability100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.02 against 10.59 in 2022), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
-11.7%
Return on assets
-16.8%
Age of the figures
35 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2023Equity per financial year
1920212223
2019 to 2023 · latest year -€10k
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline12-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 12-11-2024, 196 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
196 d late
2022
33 d early
2021
2 d early
2020
42 d early
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€-10k
2022 · €4k
2019: €8k
2020: €1k
2021: €18k
2022: €4k
2019 → 2023
Total assets
€83k▼ 15.9%
2022 · €99k
2019: €34k
2020: €23k
2021: €36k
2022: €99k
2019 → 2023
Net result
€-14k▲ 1.8%
2022 · €-14k
2019: €2k
2020: €-6k
2021: €17k
2022: €-14k
2019 → 2023
Working capital
€47k▼ 39.1%
2022 · €77k
2019: €5k
2020: €-630
2021: €17k
2022: €77k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€8k-€1k▼ 81.1%€18k▲ 1,127%€4k▼ 77.3%€-10k
Operating result€2k-€-6k€19k€-14k€-11k▲ 18.6%
Net result€2k-€-6k€17k€-14k€-14k▲ 1.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2023 against €14k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €83k
Fixed assets
€21k▲ 48.9%
Current assets
€62k▼ 26.6%
Key figures and ratios
EBITDA
€-4k▲
2022 · €-8k
Cash flow
€-7k▲
2022 · €-9k
Solvency
-11.7%▼
2022 · 4.2%
Current ratio
4.02▼
2022 · 10.59
Quick ratio
2.15▼
2022 · 6.22
Debt / equity
-9.52▼
2022 · 22.64
ROE
142.8%▲
2022 · -339.6%
ROA
-16.8%▼
2022 · -14.4%
Interest coverage
-1.18▲
2022 · -6.94
Debt
€93k▼
2022 · €95k
Debt ≤ 1 year
€15k▲
2022 · €8k
Debt > 1 year
€77k▼
2022 · €87k
Income taxes
€0▼
2022 · €7
Staff costs
€0▼
2022 · €42
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€99k€83k▼
Fixed assets21/28€14k€21k▲
Tangible fixed assets22/27€13k€20k▲
Land and buildings22€8k€11k▲
Furniture and vehicles24€1k€856▼
Leasing and similar rights25€4k€0▼
Other tangible fixed assets26-€8k
Financial fixed assets28€965€965=
Current assets29/58€85k€62k▼
Stocks and contracts in progress3€35k€29k▼
Contracts in progress37€35k€29k▼
Amounts receivable within one year40/41€19k€28k▲
Trade receivables40€7k€7k▲
Other amounts receivable41€13k€22k▲
Cash at bank and in hand54/58€30k€4k▼
Deferred charges and accrued income490/1€0€678▲
Equity and liabilities
Total equity and liabilities10/49€99k€83k▼
Equity10/15€4k€-10k▼
Contributions10/11€6k€6k=
Reserves13€620€620=
Non-distributable reserves130/1€620€620=
Reserves not available under the articles1311€620€620=
Profit (loss) carried forward14€-3k€-17k▼
Amounts payable17/49€95k€93k▼
Amounts payable after more than one year17€87k€77k▼
Financial debts170/4€87k€77k▼
Amounts payable within one year42/48€8k€15k▲
Current portion of amounts payable after more than one year42€8k€9k▲
Financial debts43-€365
Credit institutions430/8-€365
Trade debts44€0€3k▲
Suppliers440/4€0€3k▲
Taxes, remuneration and social security45€0€2k▲
Taxes450/3€0-
Remuneration and social security454/9-€2k
Other amounts payable47/48€30€60▲
Income statement
Code20222023
Remuneration, social security and pensions62€42€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€1k€845▼
Gross operating margin9900€-7k€-3k▲
Operating profit (loss)9901€-14k€-11k▲
Financial income75/76B€664€676▲
Recurring financial income75€664€676▲
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€-14k€-14k▲
Income taxes67/77€7€0▼
Profit (loss) for the period9904€-14k€-14k▲
Profit (loss) for the period to be appropriated9905€-14k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-17k▼
Profit (loss) brought forward from the previous period14P€12k€-3k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 196 days late
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-14k ▼184%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity quadruplescurrent ratio 10.59
Current ratio from 2.50 to 10.59; short-term debt falls from €11k to €8k.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 2.50
Current ratio from 0.94 to 2.50.
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Rumst · 1 establishment unit since 2018
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.
Clemenshoek 132840 RumstGround area
862 m²
Building footprint
612 m²
Volume, LiDAR
2,281 m³
2 parcels, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HV TECHNICS
since 20182.279.907.695
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11019B0260/00D014 | Flanders | 446 m² | 1 · 455 m² | 9.6 m · 1 fl. |
| 11036A0270/00F003 | Flanders | 416 m² | 1 · 158 m² | 7.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0801.846.738
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GASTRO CONCEPT
BE 0685.864.531
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C-quadraat
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L.B.P.V.-ELEC
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Ans · Eq €4k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,269. 3,247 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-07-2018
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.