HydroBox
ActiveSummary
HydroBox has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.75M and a net result of €205k. Equity is growing by ~40.8% per year across the filed fiscal years. Its solvency ranks better than 69% of 1936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25▲+25
Solvency87=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 3.54 against 8.9 in 2023; short-term debt: 14.4% and cash: 0% of total assets), and 38.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.7%
Return on assets
4.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-10-2025, 78 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
78 d late
2023
70 d late
2022
32 d late
2021
11 d early
2020
94 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€2.75M▲ 44.4%
2023 · €1.91M
2019: €632k
2020: €570k▼ -9.8% vs 2019lowest in 6 years
2021: €760k▲ +33.3% vs 2020
2022: €1.76M▲ +132% vs 2021
2023: €1.91M▲ +8.1% vs 2022
2024: €2.75M▲ +44.4% vs 2023highest in 6 years
2019 → 2024
Total assets
€4.46M▲ 43.9%
2023 · €3.10M
2019: €742klowest in 6 years
2020: €868k▲ +17.0% vs 2019
2021: €1.65M▲ +90.4% vs 2020
2022: €3.07M▲ +86.0% vs 2021
2023: €3.10M▲ +0.8% vs 2022
2024: €4.46M▲ +43.9% vs 2023highest in 6 years
2019 → 2024
Net result
€205k
2023 · €-459k
2019: €-68k
2020: €-62k▲ +9.4% vs 2019
2021: €-235k▼ -281% vs 2020
2022: €-322k▼ -36.9% vs 2021
2023: €-459k▼ -42.7% vs 2022lowest in 6 years
2024: €205k▲ +145% vs 2023highest in 6 years
2019 → 2024
Working capital
€1.63M▲ 13.3%
2023 · €1.44M
2019: €619k
2020: €479k▼ -22.6% vs 2019lowest in 6 years
2021: €988k▲ +106% vs 2020
2022: €2.33M▲ +136% vs 2021highest in 6 years
2023: €1.44M▼ -38.2% vs 2022
2024: €1.63M▲ +13.3% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€570k-€760k▲ 33.3%€1.76M▲ 132%€1.91M▲ 8.1%€2.75M▲ 44.4%
2020: €570klowest in 5 years
2021: €760k▲ +33.3% vs 2020
2022: €1.76M▲ +132% vs 2021
2023: €1.91M▲ +8.1% vs 2022
2024: €2.75M▲ +44.4% vs 2023highest in 5 years
Operating result€-58k-€-213k▼ 266%€-282k▼ 32.4%€-389k▼ 38.0%€-442k▼ 13.6%
2020: €-58khighest in 5 years
2021: €-213k▼ -266% vs 2020
2022: €-282k▼ -32.4% vs 2021
2023: €-389k▼ -38.0% vs 2022
2024: €-442k▼ -13.6% vs 2023lowest in 5 years
Net result€-62k-€-235k▼ 281%€-322k▼ 36.9%€-459k▼ 42.7%€205k
2020: €-62k
2021: €-235k▼ -281% vs 2020
2022: €-322k▼ -36.9% vs 2021
2023: €-459k▼ -42.7% vs 2022lowest in 5 years
2024: €205k▲ +145% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €442k in 2024 against €389k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.39M
Fixed assets
€2.11M ▲ 51.7%
Current assets
€2.27M ▲ 40.2%
Equity and liabilities €4.46M
Equity
€2.75M ▲ 44.4%
Debt
€1.70M ▲ 43.0%
Debt's share of the balance-sheet total falls from 38.5% to 38.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-387k▼
2023 · €-347k
Cash flow
€260k▲
2023 · €-417k
Current ratio
3.54▼
2023 · 8.90
Debt to equity
0.62▼
2023 · 0.63
ROE
7.5%▲
2023 · -24.1%
ROA
4.6%▲
2023 · -14.8%
Interest coverage
-3.99▲
2023 · -4.91
Debt ≤ 1 year
€642k▲
2023 · €182k
Debt > 1 year
€1.00M=
2023 · €1.00M
Staff costs
€0▼
2023 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.10M€4.46M▲
Formation expenses20€85k€72k▼
Fixed assets21/28€1.39M€2.11M▲
Intangible fixed assets21€16k€12k▼
Tangible fixed assets22/27€59k€83k▲
Plant, machinery and equipment23€50k€37k▼
Furniture and vehicles24€9k€46k▲
Financial fixed assets28€1.32M€2.02M▲
Current assets29/58€1.62M€2.27M▲
Amounts receivable within one year40/41€1.57M€2.02M▲
Trade receivables40€169k€111k▼
Other amounts receivable41€1.40M€1.91M▲
Cash at bank and in hand54/58€49k€1k▼
Deferred charges and accrued income490/1€0€247k▲
Equity and liabilities
Total equity and liabilities10/49€3.10M€4.46M▲
Equity10/15€1.91M€2.75M▲
Contributions10/11€2.95M€2.95M=
Capital10€655k€655k=
Issued capital100€655k€655k=
Outside capital11€2.29M€2.29M=
Share premium1100/10€2.29M€2.29M=
Profit (loss) carried forward14€-1.24M€-1.04M▲
Investment grants15€202k€843k▲
Amounts payable17/49€1.19M€1.70M▲
Amounts payable after more than one year17€1.00M€1.00M=
Financial debts170/4€1.00M€1.00M=
Amounts payable within one year42/48€182k€642k▲
Current portion of amounts payable after more than one year42-€205k
Financial debts43€722€0▼
Credit institutions430/8€722€0▼
Other loans439€0-
Trade debts44€134k€365k▲
Suppliers440/4€134k€365k▲
Taxes, remuneration and social security45€13k€12k▼
Taxes450/3€13k€12k▼
Other amounts payable47/48€35k€60k▲
Accrued charges and deferred income492/3€7k€60k▲
Income statement
Code20232024
Remuneration, social security and pensions62€21k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€55k▲
Other operating charges640/8€1k€8k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€-324k€-380k▼
Operating profit (loss)9901€-389k€-442k▼
Financial income75/76B€673€744k▲
Recurring financial income75€673€44k▲
Non-recurring financial income76B-€700k
Financial charges65/66B€71k€97k▲
Recurring financial charges65€71k€97k▲
Profit (loss) for the period before taxes9903€-459k€205k▲
Profit (loss) for the period9904€-459k€205k▲
Profit (loss) for the period to be appropriated9905€-459k€205k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.24M€-1.04M▲
Profit (loss) brought forward from the previous period14P€-782k€-1.24M▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €21k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €24k | €20k | €42k | €55k | ▲ 29.6% |
| Other operating charges640/8 | - | €4k | €881 | €1k | €8k | ▲ 427% |
| Non-recurring operating charges66A | - | - | €36k | €0 | - | - |
| Gross operating margin9900 | €-42k | €-185k | €-226k | €-324k | €-380k | ▼ 17.1% |
| Operating profit (loss)9901 | €-58k | €-213k | €-282k | €-389k | €-442k | ▼ 13.6% |
| Financial income75/76B | - | €195 | €2 | €673 | €744k | ▲ 110,576% |
| Recurring financial income75 | €445 | €195 | €2 | €673 | €44k | ▲ 6,512% |
| Non-recurring financial income76B | - | - | - | - | €700k | - |
| Financial charges65/66B | - | €22k | €40k | €71k | €97k | ▲ 37.6% |
| Recurring financial charges65 | €4k | €22k | €40k | €71k | €97k | ▲ 37.6% |
| Profit (loss) for the period before taxes9903 | €-62k | €-235k | €-322k | €-459k | €205k | ▲ 145% |
| Profit (loss) for the period9904 | €-62k | €-235k | €-322k | €-459k | €205k | ▲ 145% |
| Profit (loss) for the period to be appropriated9905 | €-62k | €-235k | €-322k | €-459k | €205k | ▲ 145% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €868k | €1.65M | €3.07M | €3.10M | €4.46M | ▲ 43.9% |
| Formation expenses20 | €4k | €6k | €86k | €85k | €72k | ▼ 15.2% |
| Fixed assets21/28 | €87k | €127k | €386k | €1.39M | €2.11M | ▲ 51.7% |
| Intangible fixed assets21 | - | - | €8k | €16k | €12k | ▼ 23.9% |
| Tangible fixed assets22/27 | €73k | €109k | €61k | €59k | €83k | ▲ 41.6% |
| Plant, machinery and equipment23 | - | €96k | €51k | €50k | €37k | ▼ 25.9% |
| Furniture and vehicles24 | - | €13k | €10k | €9k | €46k | ▲ 416% |
| Financial fixed assets28 | €14k | €18k | €318k | €1.32M | €2.02M | ▲ 53.1% |
| Current assets29/58 | €777k | €1.52M | €2.60M | €1.62M | €2.27M | ▲ 40.2% |
| Stocks and contracts in progress3 | €314k | €279k | €0 | - | - | - |
| Contracts in progress37 | - | €279k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €453k | €1.06M | €2.26M | €1.57M | €2.02M | ▲ 28.8% |
| Trade receivables40 | - | €314k | €399k | €169k | €111k | ▼ 34.5% |
| Other amounts receivable41 | - | €743k | €1.86M | €1.40M | €1.91M | ▲ 36.4% |
| Cash at bank and in hand54/58 | €924 | €177k | €239k | €49k | €1k | ▼ 97.6% |
| Deferred charges and accrued income490/1 | - | €7k | €109k | €0 | €247k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €868k | €1.65M | €3.07M | €3.10M | €4.46M | ▲ 43.9% |
| Equity10/15 | €570k | €760k | €1.76M | €1.91M | €2.75M | ▲ 44.4% |
| Contributions10/11 | €700k | €1.13M | €2.35M | €2.95M | €2.95M | = |
| Capital10 | - | €473k | €607k | €655k | €655k | = |
| Issued capital100 | - | €473k | €607k | €655k | €655k | = |
| Outside capital11 | - | €652k | €1.74M | €2.29M | €2.29M | = |
| Share premium1100/10 | - | €652k | €1.74M | €2.29M | €2.29M | = |
| Profit (loss) carried forward14 | €-130k | €-365k | €-687k | €-1.24M | €-1.04M | ▲ 16.5% |
| Investment grants15 | - | - | €100k | €202k | €843k | ▲ 317% |
| Amounts payable17/49 | €298k | €893k | €1.31M | €1.19M | €1.70M | ▲ 43.0% |
| Amounts payable after more than one year17 | €0 | €355k | €1.00M | €1.00M | €1.00M | = |
| Financial debts170/4 | - | €355k | €1.00M | €1.00M | €1.00M | = |
| Amounts payable within one year42/48 | €298k | €532k | €274k | €182k | €642k | ▲ 253% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | €205k | - |
| Financial debts43 | - | €400k | €146k | €722 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €0 | €2k | €722 | €0 | ▼ 100% |
| Other loans439 | - | €400k | €144k | €0 | - | - |
| Trade debts44 | €259k | €132k | €128k | €134k | €365k | ▲ 173% |
| Suppliers440/4 | - | €132k | €128k | €134k | €365k | ▲ 173% |
| Taxes, remuneration and social security45 | - | - | - | €13k | €12k | ▼ 4.8% |
| Taxes450/3 | - | - | - | €13k | €12k | ▼ 4.8% |
| Other amounts payable47/48 | - | - | - | €35k | €60k | ▲ 72.4% |
| Accrued charges and deferred income492/3 | - | €5k | €34k | €7k | €60k | ▲ 747% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-62k | €-235k | €-322k | €-459k | €205k | ▲ 145% |
| + Depreciation and write-downs630 | €16k | €24k | €20k | €42k | €55k | ▲ 29.6% |
| Operating cash flow (approximation) | €-46k | €-211k | €-302k | €-417k | €260k | ▲ 162% |
| Investment in fixed assets (approximation) | - | €-64k | €-279k | €-1.05M | €-776k | ▲ 26.1% |
| Change in cash | - | €176k | €62k | €-190k | €-48k | ▲ 74.8% |
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
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 78 days late
2024
31-12
Financial
Back to profitnet €205k
Net result €205k after 5 loss-making years.
31-12
Financial
Equity above €2MEq €2.75M ▲44.4%
Equity rises from €1.91M to €2.75M.
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 70 days late
2023
31-12
Financial
Weakest financial yearnet €-459k
Net result drops to €-459k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 9.50
Current ratio from 2.86 to 9.50; short-term debt falls from €532k to €274k.
31-12
Financial
Equity above €1MEq €1.76M ▲132%
Equity rises from €760k to €1.76M.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 94 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 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, Brussel · 2 establishment units since 2019
Ground area
1.7 ha
Building footprint
6,052 m²
Volume, LiDAR
60,774 m³
2 parcels, Brussels, Flanders · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
61
companies at this address
See who is registered here
2 establishment units
HydroBox
since 20192.286.235.560
HydroBox
since 20202.323.077.744
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35384A0089/00R039 | Flanders | 8,300 m² | 1 · 195 m² | 1.5 m |
| 21815D0297/00G004 | Brussels | 8,221 m² | 1 · 5,857 m² | 15.0 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.
Public money · subsidies and aid
Federal government
2023 · 1 entry · 104,789 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2023 | FOD Buitenlandse Zaken | 1 | 104,789 EUR |
Budget allocations
Steun aan het export in het raam van het OESO Verdrag aangaande export kredieten met de hulp van financiële instrumenten van commerciële of concessionele aard (cf. art. 2.14.6 en 2.14.15 van de wetsbepalingen)
Recognitions · licences · registrations
Legal Entity Identifier
984500B2A8CE7F8B3690
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 1,921 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
Founded06-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
27110Manufacture of electrical equipment
28990Manufacture of machinery and equipment not elsewhere classified
Scores and ratios are computed by Checked and are not a credit decision.