Equity
€461,142 from €7.5m in 2015
Equity fell by 94% in 10 years.
HYDRANT REFUELLING SYSTEM
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €10.0m (2023)
-not published
lowest -€719,692 (2020)
-€302,374▼ €557,110
peak €7.5m (2015)
€461,142▼ 39.6%
€249,701▼ 88.8%
peak 14.9 FTE (2019)
-not published
Board20 names since 2011all names
3 directorsBart Kinnaert and 2 others
Owners10 names in the annual accountsall names
25.01%TUI Belgium
Documentsfilings and deeds
30-07-20261 day before the deadline
2025financial year
Loss of €302,3741 director appointed, 1 resignation, 1 reappointment 19-05Equity from €763,516 to €461,142Debts from €2.2m to €249,701Cash from €1.2m to €475,396
Key points
from the 2025 annual accountsResult
-€302,374 -€302,374
From profit to loss in 2025, after a profit of €254,736 in 2024.
Payment terms
193 days to suppliers
HYDRANT REFUELLING SYSTEM pays its suppliers 183 days later than in 2024.
Liquidity
3.21 was 1.56 in 2024
Short-term debts fell from €1.9m to €221,081.
Filings
35 annual accounts since 1991
Three of the last ten came late. The 2021 accounts came latest: 694 days after the end of the period.
Position in the sector
-€302,374
Lower net result than 91% of companies in wholesale trade. Sector median €110,308 · 6,122 companies.
Checked score
89
Excellent
Financially stronger than 44% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Loss of €302,374 (financial year 2025)
lowers risk
Liquidity: current ratio 3.21, cash €475,396, halved
Founded in 1990
Equity €461,142 (64.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 71% of them on solvency, 87% on liquidity, 6% on profitability and 12% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 929 companies had the same profile as HYDRANT REFUELLING SYSTEM has now. Each dot stands for 3 companies, two years later.
90.1%
were still trading
8.8%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of HYDRANT REFUELLING SYSTEM itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 929 companies, not a prediction for HYDRANT REFUELLING SYSTEM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.21 (1.56 in 2024), above the usual 1.5. Short-term debt is 31.1% and cash 66.9% of total assets. 35.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
2 days early
2023
106 days late
2022
368 days late
2021
694 days late
2020
150 days early
2019
58 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 137 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 November (4 of the last 5 accounts filed within 261 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Skytanking Holding GMBH 70.1%annual accounts 2024
- PRIMEFLIGHT AVIATION SERVICES consolidatesannual accounts 2024
- TUI Belgium 25.01%score 78equity €140.1m (2025) · 30-09-2025 annual accounts of TUI Belgium
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0441341882
Reappointment: KPMG Bedrijfsrevisoren (statutory auditor)
General meeting of 18-07-2025 · Gazette deed
1 director appointed, 1 resignation, 1 reappointment
Resignation: WIVABE S BV (director and chair of the board) · Permanent representative: Wim Van Besien · Reappointment: Bart Kinnaert · Board meeting of 05-05-2025 · Gazette deed
Capital decrease to €463,255
Capital from €1,735,255 to €463,255 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HYDRANT REFUELLING SYSTEM Zaventem | €710,843 | - | 64.9% | - |
| VINCENT CUIGNET Antoing | €697,758 | €130,904 | 49.5% | - |
| TRANSPORT FLAMION et FILS Aubange | €649,981 | €52,221 | 0.6% | 0 |
| NULON BENELUX Kalmthout | €648,603 | - | 91.9% | - |
| BECKERS Beringen | €826,288 | €57,320 | 17.5% | - |
| VERWORST & CIE Bonheiden | €602,428 | €122,688 | 89.4% | - |
| PETROLEUM PRODUKTEN FVP Kontich | €833,980 | €90,096 | 68.9% | - |
These companies have the same main activity as HYDRANT REFUELLING SYSTEM: wholesale of solid, liquid and gaseous fuels and related products (NACE 46810). They are comparable in size and age: total assets between €602,000 and €834,000, founded between 1988 and 1991.
Official details
Source: KBO- Status
- Active since 27-06-1990Normal situation
- Activity
- Wholesale of solid, liquid and gaseous fuels and related productsNACE 46810
- Establishment unit
- 2.049.086.3961930 Zaventem, since 09-08-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 26-03-2026
Annual accounts 2025
- €710,843▼ 76.2%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on HYDRANT REFUELLING SYSTEM
Solvency rose in 2025 from 25.5% to 64.9% because of lower debts.
Skytanking Holding GMBH holds 70.1% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HYDRANT REFUELLING SYSTEM
- What is the company number of HYDRANT REFUELLING SYSTEM?
- The company number of HYDRANT REFUELLING SYSTEM is 0441.341.882. The VAT number is the same number with BE in front: BE 0441.341.882.
- Where is HYDRANT REFUELLING SYSTEM based?
- The registered office is at Ikaroslaan 17, 1930 Zaventem.Company details
- What does HYDRANT REFUELLING SYSTEM do?
- According to the KBO register, the main activity is wholesale of solid, liquid and gaseous fuels and related products (NACE 46810).
- What is the legal form of HYDRANT REFUELLING SYSTEM?
- HYDRANT REFUELLING SYSTEM is a public limited company (NV).
- When was HYDRANT REFUELLING SYSTEM founded?
- HYDRANT REFUELLING SYSTEM was founded on 27-06-1990.
- Is HYDRANT REFUELLING SYSTEM still active?
- Yes, HYDRANT REFUELLING SYSTEM is an active enterprise in the KBO register.
- How many employees does HYDRANT REFUELLING SYSTEM have?
- HYDRANT REFUELLING SYSTEM had an average of 14.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of HYDRANT REFUELLING SYSTEM?
- The annual accounts for financial year 2025 state no turnover. In financial year 2024 turnover was €6.4m.
- Is HYDRANT REFUELLING SYSTEM profitable?
- In financial year 2025, HYDRANT REFUELLING SYSTEM made a loss of €302,374.
- Where can I find the annual accounts of HYDRANT REFUELLING SYSTEM?
- HYDRANT REFUELLING SYSTEM filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HYDRANT REFUELLING SYSTEM due?
- HYDRANT REFUELLING SYSTEM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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