Result
Back in profit in 2024, after a loss of €459,227 in 2023.
Back in profit in 2024, after a loss of €459,227 in 2023.
Debts rose by €513,013 in 2024.
2025 accounts not filed: deadline was 31-07-2026.
Subsidiary with negative equity. Hydrobox Kenia Limited · loss of €225,837 in 2024 · 1 other subsidiary too.
More equity than 94% of companies in architecture and engineering. Sector median €269,226 · 1,920 companies.
The dashed line is the sector median: 0.1% across 690 companies (NACE 71, small).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 71, small). It does better than 72% of them on solvency, 43% on liquidity, 16% on profitability and 90% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
In July 2024, 1,639 companies had the same profile as HydroBox has now. Each dot stands for 5 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HydroBox itself is higher: 2.8% within 12 months. It rests on far more data about HydroBox than the profile alone.
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 1,639 companies, not a prediction for HydroBox. 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.
Liquidity is ample, with a current ratio of 3.54 (8.9 in 2023), above the usual 1.5. Short-term debt is 14.4% and cash 0% of total assets. 38.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 59 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Shares in 6 companies, including Hydrobox Kenia Limited and Hydrobox Projects BV (NL)
Board & ownership| Company | ||||
|---|---|---|---|---|
| HydroBox Brussels | €4.5m | -€0.4m | 61.7% | 0 |
| DigitalHQ Sint-Martens-Latem | €5.0m | -€0.2m | 37.3% | 0 |
| SYNLOCK Jemeppe-sur-Sambre | €2.7m | -€0.04m | 30.3% | 0 |
| ASTBEL Tournai | €4.7m | -€6.8m | -183.8% | 0 |
| Selders Engineering Bredene | €1.8m | -€0.008m | 27.3% | 0 |
| dnergy Brussels | €4.4m | -€0.3m | 90.9% | 3.1 |
| Entreprise wallonne pour l'accélération de la transition énergétique Liège | €2.3m | -€0.5m | 1.7% | 1 |
These companies have the same main activity as HydroBox: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €1.8m and €5m, founded between 2013 and 2023.
HydroBox files the abbreviated format. That format states no turnover. The gross margin fell from -€42,429 in 2019 to -€379,526 in 2024.
In August 2023, the Official Gazette published the appointment of Green Crossroads as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
See how customers, suppliers and banks see your own company and what to improve first.
If something looks wrong or is missing, please tell us.