HYDES
ActiveHYDES has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €14k. Equity is shrinking by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+2
Solvency53▲+9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.77 in 2024; short-term debt: 71.9% and cash: 69.8% of total assets), and 71.9% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-02-2026, 10 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 · 7 filingsDeviation from the deadline
2025
10 d late
2024
4 d late
2023
5 d late
2022
8 d late
2021
15 d late
2020
9 d late
2019
5 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▲ 43.6%
2024 · €32k
2019: €99k
2020: €156k
2021: €233k
2022: €113k
2023: €131k
2024: €32k
2019 → 2025
Total assets
€164k▼ 0.7%
2024 · €165k
2019: €130k
2020: €188k
2021: €264k
2022: €282k
2023: €164k
2024: €165k
2019 → 2025
Net result
€14k▲ 25.1%
2024 · €11k
2019: €80k
2020: €57k
2021: €78k
2022: €50k
2023: €18k
2024: €11k
2019 → 2025
Working capital
€832
2024 · €-30k
2019: €79k
2020: €135k
2021: €167k
2022: €54k
2023: €72k
2024: €-30k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€233k-€113k▼ 51.6%€131k▲ 15.9%€32k▼ 75.5%€46k▲ 43.6%
Operating result€97k-€67k▼ 31.4%€24k▼ 63.8%€18k▼ 25.6%€21k▲ 18.3%
Net result€78k-€50k▼ 36.2%€18k▼ 63.7%€11k▼ 37.8%€14k▲ 25.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164k
Fixed assets
€45k▼ 27.3%
Current assets
€119k▲ 15.4%
Equity and liabilities €164k
Equity
€46k▲ 43.6%
Debt
€118k▼ 11.4%
The debt ratio falls from 80.6% to 71.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▲
2024 · €35k
Cash flow
€32k▲
2024 · €29k
Solvency
28.1%▲
2024 · 19.4%
Current ratio
1.01▲
2024 · 0.77
Quick ratio
1.01▲
2024 · 0.77
Debt / equity
2.56▼
2024 · 4.15
ROE
30.4%▼
2024 · 34.8%
ROA
8.5%▲
2024 · 6.8%
Interest coverage
228.68▼
2024 · 294.94
Debt
€118k▼
2024 · €133k
Debt ≤ 1 year
€118k▼
2024 · €133k
Income taxes
€7k▲
2024 · €7k
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€165k€164k▼
Fixed assets21/28€62k€45k▼
Tangible fixed assets22/27€62k€45k▼
Furniture and vehicles24€29k€15k▼
Other tangible fixed assets26€34k€30k▼
Current assets29/58€103k€119k▲
Amounts receivable within one year40/41€6k€3k▼
Trade receivables40€6k-
Other amounts receivable41-€3k
Cash at bank and in hand54/58€96k€115k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€165k€164k▼
Equity10/15€32k€46k▲
Contributions10/11€19k€19k=
Reserves13€14k€28k▲
Distributable reserves133€14k€28k▲
Amounts payable17/49€133k€118k▼
Amounts payable within one year42/48€133k€118k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€4k€7k▲
Other amounts payable47/48€127k€109k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€18k▲
Other operating charges640/8€887€873▼
Gross operating margin9900€36k€40k▲
Operating profit (loss)9901€18k€21k▲
Financial charges65/66B€120€170▲
Recurring financial charges65€120€170▲
Profit (loss) for the period before taxes9903€18k€21k▲
Income taxes67/77€7k€7k▲
Profit (loss) for the period9904€11k€14k▲
Profit (loss) for the period to be appropriated9905€11k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€14k▲
Transfer from equity791/2€99k-
Transfer to equity691/2-€14k
To other reserves6921-€14k
Profit to be distributed694/7€110k-
Return on contributions (dividend)694€110k-
The notes to these accounts (5 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
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Weakest financial yearnet €11k ▼37.8%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
30-06
Financial
Liquidity doublescurrent ratio 3.22
Current ratio from 1.32 to 3.22; short-term debt falls from €169k to €33k.
08-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
15-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
30-06
Financial
Equity above €200kEq €233k ▲49.8%
3 profitable years in a row build equity to €233k.
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
30-06
Financial
Equity above €150kEq €156k ▲57.7%
2 profitable years in a row build equity to €156k.
05-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
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, Izegem · 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.
Katteboomstraat 858870 IzegemGround area
5,773 m²
Building footprint
349 m²
Volume, LiDAR
1,197 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HYDES
since 20182.274.708.101
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0822/00D000 | Flanders | 4,070 m² | 1 · 141 m² | 7.8 m |
| 36008C0353/00G000 | Flanders | 1,704 m² | 1 · 207 m² | 9.1 m · 2 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
GANTOIS
BE 0895.040.675
Poperinge · Eq €46k
TWISTER78
BE 0805.684.968
Poperinge · Eq €46k
MJS-Management
BE 0843.559.312
Mechelen · Eq €46k
Lovima
BE 0546.531.751
Staden · Eq €46k
ELFACTO
BE 1022.914.191
Tessenderlo-Ham · Eq €46k
Of 5,696 companies in sector 70100 we hold annual accounts for 3,489. 2,025 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2018
Fiscal year end30-06
Activities, NACEBEL
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.