HWR
ActiveThe computed 12-month bankruptcy probability of HWR is 2.4% (moderate). The 2025 annual accounts show equity of €24k and a net result of €49k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 17% of 27319 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency24▼-76
Growth78=
Stability94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 3.88 in 2024), and 86% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 · 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14%
Return on assets
28.3%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 27319 sector peers (2025).
NBB · sector comparisonPosition among 27319 sector peers
Solvency
better than 17%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
31 d early
2024
27 d early
2023
8 d late
2022
54 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▼ 67.7%
2024 · €75k
2022: €16k
2023: €17k
2024: €75k
2022 → 2025
Total assets
€173k▲ 71.0%
2024 · €101k
2022: €81k
2023: €84k
2024: €101k
2022 → 2025
Net result
€49k▼ 16.6%
2024 · €59k
2022: €46k
2023: €33k
2024: €59k
2022 → 2025
Working capital
€24k▼ 67.9%
2024 · €75k
2022: €16k
2023: €16k
2024: €75k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€16k-€17k▲ 3.4%€75k▲ 354%€24k▼ 67.7%
Operating result€58k-€41k▼ 28.6%€74k▲ 78.7%€62k▼ 15.7%
Net result€46k-€33k▼ 29.3%€59k▲ 80.5%€49k▼ 16.6%
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 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €173k
Fixed assets
€250=
Current assets
€173k▲ 71.1%
Equity and liabilities €173k
Equity
€24k▼ 67.7%
Debt
€149k▲ 472%
The debt ratio rises from 25.7% to 86.0%: debt grows while equity shrinks.
Key figures and ratios
Solvency
14.0%▼
2024 · 74.3%
Current ratio
1.16▼
2024 · 3.88
Quick ratio
1.16▼
2024 · 3.88
Debt / equity
6.12▲
2024 · 0.35
ROE
201.2%▲
2024 · 78.0%
ROA
28.3%▼
2024 · 57.9%
Debt
€149k▲
2024 · €26k
Debt ≤ 1 year
€149k▲
2024 · €26k
Income taxes
€13k▼
2024 · €15k
Staff costs
€18k▲
2024 · €5k
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€101k€173k▲
Fixed assets21/28€250€250=
Financial fixed assets28€250€250=
Current assets29/58€101k€173k▲
Amounts receivable within one year40/41€25k€36k▲
Trade receivables40€24k€24k▼
Other amounts receivable41€374€12k▲
Cash at bank and in hand54/58€76k€133k▲
Deferred charges and accrued income490/1€189€3k▲
Equity and liabilities
Total equity and liabilities10/49€101k€173k▲
Equity10/15€75k€24k▼
Contributions10/11€5k€5k=
Reserves13€70k€19k▼
Distributable reserves133€70k€19k▼
Amounts payable17/49€26k€149k▲
Amounts payable within one year42/48€26k€149k▲
Trade debts44€878€31k▲
Suppliers440/4€878€30k▲
Bills of exchange payable441-€2k
Advances received on contracts in progress46-€998
Taxes, remuneration and social security45€24k€16k▼
Taxes450/3€24k€16k▼
Remuneration and social security454/9-€64
Other amounts payable47/48€2k€101k▲
Income statement
Code20242025
Remuneration, social security and pensions62€5k€18k▲
Other operating charges640/8€106€1k▲
Non-recurring operating charges66A€2k€460▼
Gross operating margin9900€81k€82k▲
Operating profit (loss)9901€74k€62k▼
Financial income75/76B€103€88▼
Recurring financial income75€103€88▼
Financial charges65/66B€476€568▲
Recurring financial charges65€476€568▲
Profit (loss) for the period before taxes9903€74k€62k▼
Income taxes67/77€15k€13k▼
Profit (loss) for the period9904€59k€49k▼
Profit (loss) for the period to be appropriated9905€59k€49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€49k▼
Transfer from equity791/2-€51k
Transfer to equity691/2€59k-
To other reserves6921€59k-
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €59k ▲80.5%
Operating result €74k, net result €59k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.88
Current ratio from 1.24 to 3.88; short-term debt falls from €68k to €26k.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Weakest financial yearnet €33k ▼29.3%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Mouscron · 1 establishment unit since 2022
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.
Beau-Sitestraat 527700 MouscronGround area
294 m²
Building footprint
48 m²
Volume, LiDAR
564 m³
Parcel 54432C0393/00G006, Wallonia · tallest building 12.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HWR
since 20222.326.315.564
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54432C0393/00G006 | Wallonia | 294 m² | 1 · 48 m² | 12.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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BE 0820.763.124
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TB ELECTRICS
BE 0744.669.097
Torhout · Eq €24k
Roy Van Gorp Elektriciteitswerken
BE 0672.402.614
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Desegher
BE 1017.767.253
Ieper · Eq €24k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 7,575 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2022
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
33140Repair and maintenance of electrical equipment
33200Installation of industrial machinery and equipment
43221Plumbing work
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.