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HydroBox

Active Public limited companyfounded 2018active for 8 yearsDieudonné Lefèvrestraat 17, 1020 BrusselsKBO/BCE: BE 0712.881.506

Lifetime

6 annual accounts with figures on one time axis
peak -€42,418 (2020)
-€379,526▼ €55,338
lowest -€459,227 (2023)
€205,107▲ €664,334
peak €2.8m (2024)
€2.8m▲ 44.4%
€1.7m▲ 43.0%
peak 0 FTE (2022)
0 FTE 
Board5 names since 2019
3 directorsW2 Consult and 2 others
Owners2 names in the annual accounts
Documentsfilings and deeds
17-10-202578 days late
2024abbreviated format
Gross margin from -€324,188 to -€379,526Back to profit: €205,107Registered office moved from Molenbeek-Saint-Jean to Brussels 19-02Equity from €1.9m to €2.8mDebts from €1.2m to €1.7mInvestments €775,623

Key points

from the 2024 annual accounts

Result

€205,107 €205,107
-€459,0002023€205,0002024

Back in profit in 2024, after a loss of €459,227 in 2023.

Debts

€1.7m ▲ 43.0%
Suppliers
+0.2
Other debts
+0.03
The rest
+0.3

Debts rose by €513,013 in 2024.

Filings

6 annual accounts 98 days past the deadline
AprilJune31 JulyOctober202020222024

2025 accounts not filed: deadline was 31-07-2026.

Subsidiaries

-€593,111

Subsidiary with negative equity. Hydrobox Kenia Limited · loss of €225,837 in 2024 · 1 other subsidiary too.

Position in the sector

€2.8m

More equity than 94% of companies in architecture and engineering. Sector median €269,226 · 1,920 companies.

Turnover not published (abbreviated format)

Checked score

52
Fair
Financially stronger than 55% of small companies in architecture and engineering (NACE 71)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%

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).

Last 24 months 12-2024: 0.9% 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.8%▼ -0.1 percentage points vs 01-2025lowest value 03-2025: 1.0%▲ +0.2 percentage points vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.1%▲ +0.1 percentage points vs 05-2025 07-2025: 1.1%● unchanged vs 06-2025 08-2025: 1.6%▲ +0.5 percentage points vs 07-2025 09-2025: 2.0%▲ +0.4 percentage points vs 08-2025 10-2025: 3.3%▲ +1.3 percentage points vs 09-2025highest value 11-2025: 1.7%▼ -1.6 percentage points vs 10-2025 12-2025: 1.7%● unchanged vs 11-2025 01-2026: 1.7%● unchanged vs 12-2025 02-2026: 1.7%● unchanged vs 01-2026 03-2026: 1.1%▼ -0.6 percentage points vs 02-2026 04-2026: 1.1%● unchanged vs 03-2026 05-2026: 1.1%● unchanged vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026 07-2026: 1.0%▼ -0.1 percentage points vs 06-2026 08-2026: 1.4%▲ +0.4 percentage points vs 07-2026 09-2026: 1.8%▲ +0.4 percentage points vs 08-2026 10-2026: 2.8%▲ +1.0 percentage point vs 09-2026 11-2026: 2.8%● unchanged vs 10-2026

Financial strength
Average

87=equity 61.7% of total assets
47-5short-term debt 14.4% · cash 0.0%
25+25return on assets 4.6%

Score breakdown

raises risk
Liquidity: current ratio 3.54, cash €1,172, halved
Figures for financial year 2024 (filed on 23-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 78 days late; 3 of the last 3 accounts late
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Calculation

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).

Comparable companies, two years later

In July 2024, 1,639 companies had the same profile as HydroBox has now. Each dot stands for 5 companies, two years later.

95.5%
were still trading
3.7%
stopped another way
0.5%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet

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.

Test of the method

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit verdict

Credit of up to €140,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

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.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 3.54, cash €1,172, halved
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed on 23-10-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 78 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 98 days later.
NBB · 6 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline06-11-2026 today
raises risk · 2024 accounts filed 78 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filings
Deviation from the deadline
2025
not filed
2024
78 days late
2023
70 days late
2022
32 days late
2021
11 days early
2020
94 days late
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

GC
Managing director, Poelmans Thomas
WC
Director, WARNIER Wim, since 28-07-2022
TH
Director, since 28-07-2022

Shares in 6 companies, including Hydrobox Kenia Limited and Hydrobox Projects BV (NL)

Board & ownership

Recent changes

Registered office moved from Molenbeek-Saint-Jean to Brussels New registered office: Dieudonné Lefèvrestraat 17, 1020 Brussel · Previous registered office: Ulensstraat 86, 1080 Sint-Jans-Molenbeek · General meeting of 30-11-2023 · Gazette deed
Capital increase of €48,428.16 to €655,334.91 Capital after the increase: €655,334.91 · Contributions: Benakad (€99,000.90, 36,667 shares); DECAPMAKER Carine Marie Thérèse (€40,500, 15,000 shares); Human Capital (€50,001.30, 18,519 shares); and 7 others · Gazette deed
Resignations & appointments Appointment: Green Crossroads BV (managing director) · Resignation: GC Projects BV (director) · Permanent representative: Poelmans Thomas · Board meeting of 28-11-2022 · Gazette deed
2 directors appointed, 1 resignation Capital from €473,000.08 to €540,906.75, 308,666 new shares · Capital from €540,906.75 to €606,906.75, 100,000 new shares · Authorised capital up to €2,000,000 for 5 years · General meeting of 19-07-2022 · Gazette deed
All 19 events

Comparable companies

same main activity, similar in size and age
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.

Official details

Source: KBO
Status
Active since 06-11-2018Normal situation
Registered office
61 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 6 November 2026.
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 2 others
Establishment units
2.286.235.5601020 Brussels, since 01-08-2019
2.323.077.7448400 Ostend, since 01-08-2020
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2024

€4.5m▲ 43.9%
Filing
Filed on 17-10-2025
Financials

Insights on HydroBox

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.

Key facts about HydroBox

What is the company number of HydroBox?
The company number of HydroBox is 0712.881.506. The VAT number is the same number with BE in front: BE 0712.881.506.
Where is HydroBox based?
The registered office is at Dieudonné Lefèvrestraat 17, 1020 Brussels.Company details
What does HydroBox do?
According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
What is the legal form of HydroBox?
HydroBox is a public limited company (NV).
When was HydroBox founded?
HydroBox was founded on 06-11-2018.
Is HydroBox still active?
Yes, HydroBox is an active enterprise in the KBO register.
What is the turnover of HydroBox?
The annual accounts for financial year 2024 state no turnover. The abbreviated format does not require it.Financials
Is HydroBox profitable?
In financial year 2024, HydroBox made a profit of €205,107.
Where can I find the annual accounts of HydroBox?
HydroBox filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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