Hydromech
ActiveSummary
Hydromech has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €344,972 and a net result of €68,809. Equity is growing by ~42.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 1323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-2
Solvency78▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.75 in 2024; short-term debt: 28.4% and cash: 15.2% of total assets), and 47.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.9%
Return on assets
10.5%
Age of the figures
18 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 19-09-2025, 42 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
42 d early
2024
1 d early
2023
4 d early
2022
4 d late
2021
4 d late
2020
23 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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 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 What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€344,972▲ 24.9%
2024 · €276,164
Total assets
€652,588▲ 10.9%
2024 · €588,466
Net result
€68,809▼ 7.0%
2024 · €73,958
Working capital
-€14,079▲ 68.4%
2024 · -€44,606
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,638▲ 17.0%€40,259▼ 5.6%€82,607▲ 105%€101,836▲ 23.3%€99,999▼ 1.8%
Net result€35,069above the sector's middle half▲ 16.1%€34,078within the sector's middle half▼ 2.8%€66,720above the sector's middle half▲ 95.8%€73,958above the sector's middle half▲ 10.8%€68,809above the sector's middle half▼ 7.0%
Equity€101,408within the sector's middle half▲ 52.9%€135,485above the sector's middle half▲ 33.6%€202,206above the sector's middle half▲ 49.2%€276,164above the sector's middle half▲ 36.6%€344,972above the sector's middle half▲ 24.9%
Total assets€333,255above the sector's middle half▲ 15.5%€330,375above the sector's middle half▼ 0.9%€397,950above the sector's middle half▲ 20.5%€588,466above the sector's middle half▲ 47.9%€652,588above the sector's middle half▲ 10.9%
Debt€231,847▲ 4.4%€194,890▼ 15.9%€195,744▲ 0.4%€312,303▲ 59.5%€307,615▼ 1.5%
Working capital€73,217▲ 1,708%€103,283▲ 41.1%€166,472▲ 61.2%-€44,606-€14,079▲ 68.4%
Solvency30.4%within the sector's middle half▲ 7.4pp41.0%within the sector's middle half▲ 10.6pp50.8%within the sector's middle half▲ 9.8pp46.9%within the sector's middle half▼ 3.9pp52.9%within the sector's middle half▲ 5.9pp
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €652,588
Fixed assets
€481,474 ▲ 5.4%
Current assets
€171,114 ▲ 29.8%
Equity and liabilities €652,588
Equity
€344,972 ▲ 24.9%
Debt
€307,615 ▼ 1.5%
Debt's share of the balance-sheet total falls from 53.1% to 47.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€134,982▼
2024 · €166,345
Cash flow
€103,792▼
2024 · €138,467
Current ratio
0.92▲
2024 · 0.75
Quick ratio
0.90▲
2024 · 0.72
Debt to equity
0.89▼
2024 · 1.13
ROE
19.9%▼
2024 · 26.8%
ROA
10.5%▼
2024 · 12.6%
Interest coverage
8.58▼
2024 · 15.63
Debt ≤ 1 year
€185,193▲
2024 · €176,423
Debt > 1 year
€122,422▼
2024 · €135,879
Income taxes
€16,029▼
2024 · €18,923
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,776 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,255 | €28,010 | €8,810 | €64,509 | €34,983 | ▼ 45.8% |
| Other operating charges640/8 | - | €590 | €473 | €487 | €1,002 | ▲ 106% |
| Gross operating margin9900 | €79,435 | €68,859 | €91,890 | €166,831 | €135,985 | ▼ 18.5% |
| Operating profit (loss)9901 | €42,638 | €40,259 | €82,607 | €101,836 | €99,999 | ▼ 1.8% |
| Financial income75/76B | - | €676 | €654 | €1,684 | €566 | ▼ 66.4% |
| Recurring financial income75 | €1,241 | €676 | €654 | €1,684 | €566 | ▼ 66.4% |
| Financial charges65/66B | - | €164 | €218 | €10,639 | €15,727 | ▲ 47.8% |
| Recurring financial charges65 | €177 | €164 | €218 | €10,639 | €15,727 | ▲ 47.8% |
| Profit (loss) for the period before taxes9903 | €43,701 | €40,771 | €83,042 | €92,881 | €84,838 | ▼ 8.7% |
| Income taxes67/77 | €8,632 | €6,694 | €16,322 | €18,923 | €16,029 | ▼ 15.3% |
| Profit (loss) for the period9904 | €35,069 | €34,078 | €66,720 | €73,958 | €68,809 | ▼ 7.0% |
| Profit (loss) for the period to be appropriated9905 | €35,069 | €34,078 | €66,720 | €73,958 | €68,809 | ▼ 7.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €333,255 | €330,375 | €397,950 | €588,466 | €652,588 | ▲ 10.9% |
| Fixed assets21/28 | €28,191 | €32,202 | €35,734 | €456,649 | €481,474 | ▲ 5.4% |
| Tangible fixed assets22/27 | €28,191 | €32,202 | €35,734 | €456,649 | €481,474 | ▲ 5.4% |
| Land and buildings22 | - | - | - | €426,410 | €430,639 | ▲ 1.0% |
| Plant, machinery and equipment23 | - | €32,202 | €35,734 | €30,238 | €35,255 | ▲ 16.6% |
| Furniture and vehicles24 | - | €0 | - | - | €15,580 | - |
| Current assets29/58 | €305,064 | €298,173 | €362,217 | €131,818 | €171,114 | ▲ 29.8% |
| Stocks and contracts in progress3 | €5,000 | €5,000 | €4,700 | €4,700 | €5,000 | ▲ 6.4% |
| Stocks30/36 | - | €5,000 | €4,700 | €4,700 | €5,000 | ▲ 6.4% |
| Amounts receivable within one year40/41 | €91,829 | €63,752 | €47,463 | €76,396 | €65,003 | ▼ 14.9% |
| Trade receivables40 | - | €62,446 | €43,784 | €69,674 | €59,332 | ▼ 14.8% |
| Other amounts receivable41 | - | €1,306 | €3,678 | €6,722 | €5,672 | ▼ 15.6% |
| Current investments50/53 | - | - | €240,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €207,583 | €228,729 | €69,330 | €47,575 | €99,421 | ▲ 109% |
| Deferred charges and accrued income490/1 | - | €692 | €724 | €3,146 | €1,690 | ▼ 46.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €333,255 | €330,375 | €397,950 | €588,466 | €652,588 | ▲ 10.9% |
| Equity10/15 | €101,408 | €135,485 | €202,206 | €276,164 | €344,972 | ▲ 24.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €82,808 | €116,885 | €183,606 | €257,564 | €326,372 | ▲ 26.7% |
| Non-distributable reserves130/1 | - | €877 | €877 | €0 | - | - |
| Reserves not available under the articles1311 | - | €877 | €877 | €0 | - | - |
| Distributable reserves133 | - | €116,008 | €182,728 | €257,564 | €326,372 | ▲ 26.7% |
| Amounts payable17/49 | €231,847 | €194,890 | €195,744 | €312,303 | €307,615 | ▼ 1.5% |
| Amounts payable after more than one year17 | - | - | - | €135,879 | €122,422 | ▼ 9.9% |
| Financial debts170/4 | - | - | - | €135,879 | €122,422 | ▼ 9.9% |
| Amounts payable within one year42/48 | €231,847 | €194,890 | €195,744 | €176,423 | €185,193 | ▲ 5.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,121 | €13,457 | ▼ 4.7% |
| Trade debts44 | €20,309 | €14,822 | €18,462 | €16,227 | €20,690 | ▲ 27.5% |
| Suppliers440/4 | - | €14,822 | €18,462 | €16,227 | €20,690 | ▲ 27.5% |
| Taxes, remuneration and social security45 | - | €7,325 | €7,831 | €5,276 | €5,234 | ▼ 0.8% |
| Taxes450/3 | - | €4,091 | €4,523 | €1,915 | €1,852 | ▼ 3.3% |
| Remuneration and social security454/9 | - | €3,234 | €3,308 | €3,362 | €3,383 | ▲ 0.6% |
| Other amounts payable47/48 | - | €172,743 | €169,452 | €140,799 | €145,812 | ▲ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,069 | €34,078 | €66,720 | €73,958 | €68,809 | ▼ 7.0% |
| + Depreciation and write-downs630 | €36,255 | €28,010 | €8,810 | €64,509 | €34,983 | ▼ 45.8% |
| Operating cash flow (approximation) | €71,324 | €62,088 | €75,531 | €138,467 | €103,792 | ▼ 25.0% |
| Investment in fixed assets (approximation) | - | -€32,021 | -€12,342 | -€485,424 | -€59,808 | ▲ 87.7% |
| Change in cash | - | €21,146 | -€159,399 | -€21,755 | €51,845 | ▲ 338% |
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
Next filing, fiscal year 2026, expected by
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €73,958 ▲10.8%
Operating result €101,836, net result €73,958, both a record.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €200,000Eq €202,206 ▲49.2%
5 profitable years in a row build equity to €202,206.
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
31-03
Financial
Equity above €100,000Eq €101,408 ▲52.9%
3 profitable years in a row build equity to €101,408.
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kortemark · 2 establishment units since 2018
Ground area
1.1 ha
Building footprint
2,018 m²
Volume, LiDAR
9,233 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
Hydromech
since 20182.273.390.681
Hydromech
since 20242.364.963.730
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35006A0533/00T004 | Flanders | 1.1 ha | 1 · 1,851 m² | 7.7 m · 2 fl. |
| 32005F0197/00W000 | Flanders | 188 m² | 1 · 168 m² | 8.8 m · 2 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 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,029 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-03-2018
Fiscal year end31-03
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0691659884
Also
9925:BE0691659884
Registered
29-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.