Hydro Concept
ActiveSummary
Hydro Concept has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,891 and a net result of -€3,861. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 83% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-5
Solvency100▲+9
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 4.17 against 3.4 in 2024; short-term debt: 20.3% and cash: 17.5% of total assets), and 22.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more 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 2025Solvency, return and age of the figures
Solvency
77.8%
Return on assets
-7.3%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€3,861
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-12-2025, 52 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
52 d early
2024
55 d early
2023
55 d early
2022
40 d early
2021
54 d early
2020
27 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€40,891▼ 8.6%
2024 · €44,753
Total assets
€52,563▼ 22.6%
2024 · €67,944
Net result
-€3,861▼ 109%
2024 · -€1,846
Working capital
€33,804▼ 10.5%
2024 · €37,774
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,869€973▼ 95.6%€2,276▲ 134%-€316-€3,695▼ 1,069%
Net result€17,946within the sector's middle half€652below the sector's middle half▼ 96.4%€670within the sector's middle half▲ 2.8%-€1,846below the sector's middle half-€3,861below the sector's middle half▼ 109%
Equity€45,277within the sector's middle half▼ 27.7%€45,929within the sector's middle half▲ 1.4%€46,599within the sector's middle half▲ 1.5%€44,753within the sector's middle half▼ 4.0%€40,891within the sector's middle half▼ 8.6%
Total assets€98,372within the sector's middle half▲ 5.5%€92,067within the sector's middle half▼ 6.4%€74,620within the sector's middle half▼ 19.0%€67,944within the sector's middle half▼ 8.9%€52,563below the sector's middle half▼ 22.6%
Debt€53,095▲ 73.3%€46,138▼ 13.1%€28,021▼ 39.3%€23,192▼ 17.2%€11,671▼ 49.7%
Working capital€44,211▼ 21.7%€36,787▼ 16.8%€37,043▲ 0.7%€37,774▲ 2.0%€33,804▼ 10.5%
Solvency46.0%within the sector's middle half▼ 21.1pp49.9%within the sector's middle half▲ 3.9pp62.4%within the sector's middle half▲ 12.6pp65.9%within the sector's middle half▲ 3.4pp77.8%above the sector's middle half▲ 11.9pp
Staff (FTE)1=1=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,695 in 2025 against €316 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,563
Fixed assets
€8,083 ▼ 44.0%
Current assets
€44,480 ▼ 16.9%
Equity and liabilities €52,563
Equity
€40,891 ▼ 8.6%
Debt
€11,671 ▼ 49.7%
Debt's share of the balance-sheet total falls from 34.1% to 22.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,646▼
2024 · €6,351
Cash flow
€2,480▼
2024 · €4,821
Current ratio
4.17▲
2024 · 3.40
Quick ratio
2.75▲
2024 · 2.60
Debt to equity
0.29▼
2024 · 0.52
ROE
-9.4%▼
2024 · -4.1%
ROA
-7.3%▼
2024 · -2.7%
Interest coverage
17.85▼
2024 · 43.08
Debt ≤ 1 year
€10,676▼
2024 · €15,746
Debt > 1 year
€995▼
2024 · €6,947
Income taxes
€279▼
2024 · €1,397
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,916 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €7,387 | - | €3,222 | - | - |
| Remuneration, social security and pensions62 | - | €3,296 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,130 | €6,802 | €7,689 | €6,667 | €6,341 | ▼ 4.9% |
| Other operating charges640/8 | - | €484 | €348 | €478 | €394 | ▼ 17.7% |
| Gross operating margin9900 | €30,130 | €11,555 | €10,312 | €6,829 | €3,040 | ▼ 55.5% |
| Operating profit (loss)9901 | €21,869 | €973 | €2,276 | -€316 | -€3,695 | ▼ 1,069% |
| Financial income75/76B | - | €43 | €282 | €15 | €261 | ▲ 1,682% |
| Recurring financial income75 | €321 | €43 | €282 | €15 | €261 | ▲ 1,682% |
| Financial charges65/66B | - | €197 | €272 | €147 | €148 | ▲ 0.6% |
| Recurring financial charges65 | €364 | €197 | €272 | €147 | €148 | ▲ 0.6% |
| Profit (loss) for the period before taxes9903 | €21,826 | €820 | €2,285 | -€449 | -€3,582 | ▼ 698% |
| Income taxes67/77 | €3,880 | €168 | €1,615 | €1,397 | €279 | ▼ 80.0% |
| Profit (loss) for the period9904 | €17,946 | €652 | €670 | -€1,846 | -€3,861 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | €17,946 | €652 | €670 | -€1,846 | -€3,861 | ▼ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98,372 | €92,067 | €74,620 | €67,944 | €52,563 | ▼ 22.6% |
| Fixed assets21/28 | €1,206 | €27,908 | €22,426 | €14,424 | €8,083 | ▼ 44.0% |
| Tangible fixed assets22/27 | €1,206 | €27,908 | €22,426 | €14,424 | €8,083 | ▼ 44.0% |
| Plant, machinery and equipment23 | - | €766 | €2,519 | €1,752 | €1,310 | ▼ 25.2% |
| Furniture and vehicles24 | - | €27,142 | €19,907 | €12,672 | €6,772 | ▼ 46.6% |
| Current assets29/58 | €97,167 | €64,160 | €52,194 | €53,521 | €44,480 | ▼ 16.9% |
| Stocks and contracts in progress3 | €3,400 | €7,526 | €9,216 | €12,556 | €15,160 | ▲ 20.7% |
| Stocks30/36 | - | €7,526 | €9,216 | €12,556 | €15,160 | ▲ 20.7% |
| Amounts receivable within one year40/41 | €26,082 | €47,141 | €18,036 | €22,659 | €19,001 | ▼ 16.1% |
| Trade receivables40 | - | €43,776 | €13,285 | €20,159 | €17,132 | ▼ 15.0% |
| Other amounts receivable41 | - | €3,365 | €4,752 | €2,499 | €1,869 | ▼ 25.2% |
| Cash at bank and in hand54/58 | €63,612 | €8,841 | €23,555 | €15,467 | €9,174 | ▼ 40.7% |
| Deferred charges and accrued income490/1 | - | €652 | €1,386 | €2,839 | €1,145 | ▼ 59.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98,372 | €92,067 | €74,620 | €67,944 | €52,563 | ▼ 22.6% |
| Equity10/15 | €45,277 | €45,929 | €46,599 | €44,753 | €40,891 | ▼ 8.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €8,110 | €8,110 | €8,110 | €8,110 | €8,110 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Profit (loss) carried forward14 | €18,567 | €19,219 | €19,889 | €18,043 | €14,181 | ▼ 21.4% |
| Amounts payable17/49 | €53,095 | €46,138 | €28,021 | €23,192 | €11,671 | ▼ 49.7% |
| Amounts payable after more than one year17 | - | €18,766 | €12,871 | €6,947 | €995 | ▼ 85.7% |
| Financial debts170/4 | - | €18,766 | €12,871 | €6,947 | €995 | ▼ 85.7% |
| Amounts payable within one year42/48 | €52,956 | €27,373 | €15,150 | €15,746 | €10,676 | ▼ 32.2% |
| Current portion of amounts payable after more than one year42 | - | €5,866 | €5,895 | €5,924 | €5,953 | ▲ 0.5% |
| Trade debts44 | €13,386 | €20,695 | €9,100 | €8,426 | €4,445 | ▼ 47.2% |
| Suppliers440/4 | - | €20,695 | €9,100 | €8,426 | €4,445 | ▼ 47.2% |
| Taxes, remuneration and social security45 | - | €812 | €155 | €1,397 | €279 | ▼ 80.0% |
| Taxes450/3 | - | €178 | €155 | €1,397 | €279 | ▼ 80.0% |
| Remuneration and social security454/9 | - | €634 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €498 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,946 | €652 | €670 | -€1,846 | -€3,861 | ▼ 109% |
| + Depreciation and write-downs630 | €5,130 | €6,802 | €7,689 | €6,667 | €6,341 | ▼ 4.9% |
| Operating cash flow (approximation) | €23,076 | €7,454 | €8,359 | €4,821 | €2,480 | ▼ 48.6% |
| Investment in fixed assets (approximation) | - | -€33,504 | -€2,208 | €1,336 | €0 | ▼ 100% |
| Change in cash | - | -€54,771 | €14,714 | -€8,088 | -€6,293 | ▲ 22.2% |
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
Next filing, fiscal year 2026, expected by
2025
10-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
07-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
07-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €17,946
Net result €17,946 after one loss-making year.
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet -€9,980
Net result drops to -€9,980, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 4 days late
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Wavre · 1 establishment unit since 2016
Ground area
1,931 m²
Building footprint
148 m²
Volume, LiDAR
962 m³
Parcel 25006B0105/00W004, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hydro Concept
since 20162.252.174.407
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006B0105/00W004 | Wallonia | 1,931 m² | 1 · 147 m² | 8.0 m · 2 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 7,043 companies in sector 43221 we hold annual accounts for 3,473. 2,902 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
Founded15-03-2016
Fiscal year end30-06
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0649926823
Also
9925:BE0649926823
Registered
16-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.