Hydro-Create Inter
ActiveSummary
Hydro-Create Inter has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €196,500 and a net result of €67,099. Equity is shrinking by ~22.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 16% of 1329 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▲+49
Solvency38▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.26 against 0.22 in 2023; short-term debt: 65.1% and cash: 1% of total assets), and 86.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 1329 sector peers (2024).
NBB · sector comparisonPosition among 1329 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-12-2025, 140 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
140 d late
2023
57 d late
2022
123 d late
2021
192 d late
2020
186 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 136 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#1 company by total assets in Héron, Construction sector#1 oldest company in Héron, Construction sector#5 company by equity in Héron, Construction sector
Equity
€196,500▲ 13.3%
2023 · €173,470
Total assets
€1.5m▼ 18.3%
2023 · €1.8m
Net result
€67,099
2023 · -€168,104
Working capital
-€713,647▲ 16.4%
2023 · -€854,136
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€139,515▼ 128%-€106,427▲ 23.7%€8,215-€104,749€129,831
Net result-€264,083▼ 337%-€102,849▲ 61.1%€57,725-€168,104€67,099
Equity€448,629▼ 21.2%€331,993▼ 26.0%€341,574▲ 2.9%€173,470▼ 49.2%€196,500▲ 13.3%
Total assets€1.5m▼ 13.1%€2.1m▲ 41.2%€1.9m▼ 12.1%€1.8m▼ 2.1%€1.5m▼ 18.3%
Debt€857,293▼ 5.2%€1.6m▲ 86.9%€1.4m▼ 13.3%€1.5m▲ 10.3%€1.2m▼ 22.1%
Working capital€288,594▼ 34.7%-€652,614-€677,834▼ 3.9%-€854,136▼ 26.0%-€713,647▲ 16.4%
Staff (FTE)2.3▼ 36.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2021 Net result +61% on 2020. Cause not known from the registers.
- 2020 Net result -337% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €129,831 after a loss of €104,749 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.2m ▼ 21.3%
Current assets
€250,052 ▲ 0.9%
Equity and liabilities €1.5m
Equity
€196,500 ▲ 13.3%
Provisions
€90,774 ▼ 14.8%
Debt
€1.2m ▼ 22.1%
Debt's share of the balance-sheet total falls from 84.5% to 80.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€214,846▲
2023 · -€10,365
Cash flow
€152,114▲
2023 · -€73,721
Current ratio
0.26▲
2023 · 0.22
Quick ratio
0.10▲
2023 · 0.08
Debt to equity
6.07▼
2023 · 8.83
ROE
34.1%▲
2023 · -96.9%
ROA
4.5%▲
2023 · -9.3%
Interest coverage
3.81▲
2023 · -0.15
Debt ≤ 1 year
€963,699▼
2023 · €1.1m
Debt > 1 year
€229,480▼
2023 · €429,992
Income taxes
€66,281▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
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 4,653 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €9,963 | €125,975 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,942 | €81,099 | €92,888 | €94,383 | €85,015 | ▼ 9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | €8,508 | - |
| Other operating charges640/8 | - | €8,404 | €1,545 | €3,139 | €6,723 | ▲ 114% |
| Non-recurring operating charges66A | - | - | - | €18,358 | - | - |
| Gross operating margin9900 | -€61,712 | -€16,924 | €102,648 | €11,132 | €230,077 | ▲ 1,967% |
| Operating profit (loss)9901 | -€139,515 | -€106,427 | €8,215 | -€104,749 | €129,831 | ▲ 224% |
| Financial income75/76B | - | €22 | €0 | €2 | - | - |
| Recurring financial income75 | €9 | €22 | €0 | €2 | - | - |
| Financial charges65/66B | - | €24,867 | €42,981 | €76,637 | €56,341 | ▼ 26.5% |
| Recurring financial charges65 | €18,918 | €17,522 | €24,820 | €69,702 | €56,341 | ▼ 19.2% |
| Non-recurring financial charges66B | - | €7,345 | €18,161 | €6,934 | - | - |
| Profit (loss) for the period before taxes9903 | -€177,055 | -€131,272 | -€34,766 | -€181,383 | €73,489 | ▲ 141% |
| Transfer from deferred taxes780 | - | €28,423 | €99,296 | €13,279 | €59,891 | ▲ 351% |
| Transfer to deferred taxes680 | - | €0 | - | - | - | - |
| Income taxes67/77 | - | - | €6,805 | €0 | €66,281 | - |
| Profit (loss) for the period9904 | -€264,083 | -€102,849 | €57,725 | -€168,104 | €67,099 | ▲ 140% |
| Transfer from tax-exempt reserves789 | - | €14,636 | €51,153 | €25,777 | €15,822 | ▼ 38.6% |
| Profit (loss) for the period to be appropriated9905 | -€207,645 | -€88,213 | €108,877 | -€142,327 | €82,921 | ▲ 158% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €2.1m | €1.9m | €1.8m | €1.5m | ▼ 18.3% |
| Fixed assets21/28 | €1.0m | €1.8m | €1.6m | €1.6m | €1.2m | ▼ 21.3% |
| Tangible fixed assets22/27 | €1.0m | €1.8m | €1.6m | €1.6m | €1.2m | ▼ 21.3% |
| Land and buildings22 | - | €1.8m | €1.6m | €1.5m | €1.2m | ▼ 21.2% |
| Plant, machinery and equipment23 | - | €0 | - | - | €1,028 | - |
| Furniture and vehicles24 | - | €41,357 | €32,494 | €23,630 | €14,960 | ▼ 36.7% |
| Current assets29/58 | €444,370 | €278,580 | €261,880 | €247,729 | €250,052 | ▲ 0.9% |
| Stocks and contracts in progress3 | €189,730 | €179,730 | €170,730 | €161,230 | €154,190 | ▼ 4.4% |
| Stocks30/36 | - | €179,730 | €170,730 | €161,230 | €154,190 | ▼ 4.4% |
| Amounts receivable within one year40/41 | €96,885 | €45,663 | €35,762 | €36,308 | €31,028 | ▼ 14.5% |
| Trade receivables40 | - | €24,235 | €24,413 | €24,598 | €19,162 | ▼ 22.1% |
| Other amounts receivable41 | - | €21,429 | €11,349 | €11,711 | €11,865 | ▲ 1.3% |
| Current investments50/53 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Cash at bank and in hand54/58 | €107,360 | €3,123 | €5,319 | €127 | €14,835 | ▲ 11,572% |
| Deferred charges and accrued income490/1 | - | €64 | €69 | €64 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €2.1m | €1.9m | €1.8m | €1.5m | ▼ 18.3% |
| Equity10/15 | €448,629 | €331,993 | €341,574 | €173,470 | €196,500 | ▲ 13.3% |
| Contributions10/11 | €620,000 | €620,000 | €620,000 | €620,000 | €620,000 | = |
| Capital10 | - | €620,000 | €620,000 | €620,000 | €620,000 | = |
| Issued capital100 | - | €620,000 | €620,000 | €620,000 | €620,000 | = |
| Reserves13 | €813,522 | €785,099 | €685,803 | €660,026 | €600,135 | ▼ 9.1% |
| Non-distributable reserves130/1 | - | €55,317 | €55,317 | €55,317 | €55,317 | = |
| Legal reserve130 | - | €5,317 | €5,317 | €5,317 | €5,317 | = |
| Own shares acquired1312 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Tax-exempt reserves132 | - | €545,962 | €446,666 | €420,889 | €360,998 | ▼ 14.2% |
| Distributable reserves133 | - | €183,821 | €183,821 | €183,821 | €183,821 | = |
| Profit (loss) carried forward14 | -€984,893 | -€1.1m | -€964,229 | -€1.1m | -€1.0m | ▲ 7.5% |
| Provisions and deferred taxes16 | €185,663 | €171,028 | €119,875 | €106,596 | €90,774 | ▼ 14.8% |
| Deferred taxes168 | - | €171,028 | €119,875 | €106,596 | €90,774 | ▼ 14.8% |
| Amounts payable17/49 | €857,293 | €1.6m | €1.4m | €1.5m | €1.2m | ▼ 22.1% |
| Amounts payable after more than one year17 | €701,517 | €671,505 | €449,294 | €429,992 | €229,480 | ▼ 46.6% |
| Financial debts170/4 | - | €671,505 | €449,294 | €429,992 | €229,480 | ▼ 46.6% |
| Amounts payable within one year42/48 | €155,776 | €931,194 | €939,714 | €1.1m | €963,699 | ▼ 12.5% |
| Current portion of amounts payable after more than one year42 | - | €18,579 | €25,180 | €25,108 | €6,965 | ▼ 72.3% |
| Financial debts43 | - | €900,000 | €850,000 | €905,832 | €840,000 | ▼ 7.3% |
| Credit institutions430/8 | - | €900,000 | €850,000 | €905,832 | €840,000 | ▼ 7.3% |
| Trade debts44 | €22,772 | €12,013 | €16,766 | €89,207 | €45,556 | ▼ 48.9% |
| Suppliers440/4 | - | €12,013 | €16,766 | €89,207 | €45,556 | ▼ 48.9% |
| Taxes, remuneration and social security45 | - | €270 | €0 | - | €1,079 | - |
| Taxes450/3 | - | €270 | €0 | - | €1,079 | - |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €332 | €47,768 | €81,717 | €70,099 | ▼ 14.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€264,083 | -€102,849 | €57,725 | -€168,104 | €67,099 | ▲ 140% |
| + Depreciation and write-downs630 | €59,942 | €81,099 | €92,888 | €94,383 | €85,015 | ▼ 9.9% |
| Operating cash flow (approximation) | -€204,142 | -€21,750 | €150,612 | -€73,721 | €152,114 | ▲ 306% |
| Investment in fixed assets (approximation) | - | -€861,023 | €145,675 | -€70,000 | €248,779 | ▲ 455% |
| Change in cash | - | -€104,237 | €2,196 | -€5,191 | €14,707 | ▲ 383% |
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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 140 days late
2024
31-12
Financial
Back to profitnet €67,099
Net result €67,099 after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 192 days late
2022
31-12
Financial
Back to profitnet €57,725
Net result €57,725 after 4 loss-making years.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 186 days late
2020
31-12
Financial
Weakest financial yearnet -€264,083
Net result drops to -€264,083, the lowest in the series; recovery starts the following year.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 145 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Héron · 1 establishment unit since 1989
Ground area
2,259 m²
Building footprint
244 m²
Volume, LiDAR
1,706 m³
2 parcels, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue de la Sarthe 6, 4217 Héron
since 19892.045.736.235
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61028E0224/00C000 | Wallonia | 1,521 m² | 1 · 84 m² | 7.1 m · 2 fl. |
| 61028E0036/00F000 | Wallonia | 739 m² | 1 · 161 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 194 companies in sector 42919 we hold annual accounts for 81. 46 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-10-1989
Fiscal year end31-12
Abbreviation FR
H.C.
Activities, NACEBEL 2025
42919Civil engineering
10890Manufacture of food products
46150Agents in the wholesale of furniture, household goods and hardware
Contact
E-mail
ph.steven@hc-sa.beHéron
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438731097
Also
9925:BE0438731097
Registered
01-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.