Financials
- Fiscal year
- 2025
- Total assets
- €29,424
- Profit
- €14,104
- Solvency
- 47.9%
Hydro Thermotech
ActiveSummary
Hydro Thermotech has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,104 and a net result of €14,104. Its solvency ranks better than 51% of 33926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Activity
Plumbing work
NACE 43221
1 site
Size
€29,424total assets 2025
- Equity
- €14,104
- Profit
- €14,104
Turnover not published (abridged schema)
Structure
Accounts filed 39 d late1 of 2 deeds read
Why 66- Size: total assets €29,424- Founded in 2025- 1 change of registered office in 24 months+ Liquidity: current ratio 1.92, cash €27,752Show the evidence
Checked score
Score 2025
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 72% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength
Strong
Solvency
73
equity 47.9% of total assets
Liquidity
74
short-term debt 52.1% · cash 94.3%
Profitability
100
return on assets 47.9%
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2026: 1.9%
03-2026: 1.9%● 0.0% vs 02-2026
04-2026: 1.9%▲ +2.7% vs 03-2026
05-2026: 2.3%▲ +19.0% vs 04-2026
06-2026: 2.4%▲ +5.2% vs 05-2026
07-2026: 2.7%▲ +12.0% vs 06-2026
08-2026: 5.0%▲ +83.5% vs 07-2026
09-2026: 5.2%▲ +4.3% vs 08-2026highest value
10-2026: 1.3%▼ -74.3% vs 09-2026lowest value
- Liquidity: current ratio 1.92, cash €27,752 lowers the probability
- Size: total assets €29,424 raises the probability for this profile
- Founded in 2025 raises the probability for this profile
- 1 change of registered office in 24 months raises the probability
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.92; short-term debt: 52.1% and cash: 94.3% of total assets), but 52.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 52%, liquidity 72%, profitability 93%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 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 · 1 filingDeviation from the deadline
2025
39 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
- Annual accounts filedfiscal year 2025 · micro…
- Registered officeRegistered-office move · Director in…
Key points
By topic
Timeline
- Events
- 2
- Since
- 2026
- 08-09-2026Annual accounts filed
- 01-07-2026Registered office
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Plumbing workNACE 43221
- Founded
- 29-01-2025
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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