Hydromech
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 22-06-2026 at the NBB all 8 filings
Turnover
≈ €320,000
Estimated: probably between €210,000 and €490,000
Total assets
€687,761▲ 5.4%
2025 · €652,588
Net result
€51,941▼ 24.5%
2025 · €68,809
Working capital
€23,239
2025 · -€14,079
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
€77,085
▼ 22.9%
2026
20192026
Net result
€51,941
▼ 24.5%
2026
20192026
Equity
€396,913
▲ 15.1%
2026
20192026
Total assets
€687,761
▲ 5.4%
2026
20192026
Debt
€290,848
▼ 5.5%
2026
20192026
Working capital
€23,239
2026
20192026
Solvency
57.7%
▲ 4.8pp
2026
20192026
Current ratio
1.13
▲ 0.20
2026
20192026
Return on assets (ROA)
7.6%
▼ 3.0pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€23,961-€36,431▲ 52.0%€42,638▲ 17.0%€40,259▼ 5.6%€82,607▲ 105%€101,836▲ 23.3%€99,999▼ 1.8%€77,085▼ 22.9%
Net result€17,546-€30,193▲ 72.1%€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%€51,941▼ 24.5%
Equity€36,146-€66,339▲ 83.5%€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%€396,913▲ 15.1%
Total assets€240,785-€288,509▲ 19.8%€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%€687,761▲ 5.4%
Debt€204,640-€222,170▲ 8.6%€231,847▲ 4.4%€194,890▼ 15.9%€195,744▲ 0.4%€312,303▲ 59.5%€307,615▼ 1.5%€290,848▼ 5.5%
Working capital-€62,027-€4,049€73,217within the sector's middle half▲ 18×€103,283above the sector's middle half▲ 41.1%€166,472above the sector's middle half▲ 61.2%-€44,606below the sector's middle half-€14,079below the sector's middle half▲ 68.4%€23,239
Solvency15.0%-23.0%▲ 8.0pp30.4%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▲ 5.9pp57.7%▲ 4.8pp
Current ratio0.70-1.02▲ 0.321.32within the sector's middle half▲ 0.301.53within the sector's middle half▲ 0.211.85within the sector's middle half▲ 0.320.75below the sector's middle half▼ 1.100.92below the sector's middle half▲ 0.181.13▲ 0.20
Return on assets (ROA)7.3%-10.5%▲ 3.2pp10.5%within the sector's middle half▲ 0.1pp10.3%within the sector's middle half▼ 0.2pp16.8%within the sector's middle half▲ 6.5pp12.6%within the sector's middle half▼ 4.2pp10.5%within the sector's middle half▼ 2.0pp7.6%▼ 3.0pp
above
within
below
The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 23% lower than in 2025. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €687,761
Fixed assets
€482,221 ▲ 0.2%
Current assets
€205,540 ▲ 20.1%
Equity and liabilities €687,761
Equity
€396,913 ▲ 15.1%
Debt
€290,848 ▼ 5.5%
Debt's share of the balance-sheet total falls from 47.1% to 42.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€121,797▼
2025 · €134,982
Cash flow
€96,653▼
2025 · €103,792
Quick ratio
1.10▲
2025 · 0.90
Debt to equity
0.73▼
2025 · 0.89
ROE
13.1%▼
2025 · 19.9%
Interest coverage
8.90▲
2025 · 8.58
Debt ≤ 1 year
€182,301▼
2025 · €185,193
Debt > 1 year
€108,547▼
2025 · €122,422
Income taxes
€11,996▼
2025 · €16,029
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Mortgage mandates | - | - | €150,000 | €150,000 | €150,000 |
| Carrying value of the mortgaged assets | - | - | €403,606 | €403,606 | €369,300 |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €32,021 | €12,342 | €485,424 | €59,808 | €45,459 |
| Depreciation and write-downs of the year | €28,010 | €8,810 | €64,509 | €34,983 | €44,712 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €190 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,106 | €41,527 | €36,255 | €28,010 | €8,810 | €64,509 | €34,983 | €44,712 | ▲ 27.8% |
| Other operating charges640/8 | - | - | - | €590 | €473 | €487 | €1,002 | €4,333 | ▲ 332% |
| Gross operating margin9900 | €100,589 | €78,679 | €79,435 | €68,859 | €91,890 | €166,831 | €135,985 | €126,130 | ▼ 7.2% |
| Operating profit (loss)9901 | €23,961 | €36,431 | €42,638 | €40,259 | €82,607 | €101,836 | €99,999 | €77,085 | ▼ 22.9% |
| Financial income75/76B | - | - | - | €676 | €654 | €1,684 | €566 | €532 | ▼ 5.9% |
| Recurring financial income75 | €1,616 | €1,455 | €1,241 | €676 | €654 | €1,684 | €566 | €532 | ▼ 5.9% |
| Financial charges65/66B | - | - | - | €164 | €218 | €10,639 | €15,727 | €13,681 | ▼ 13.0% |
| Recurring financial charges65 | €3,174 | €197 | €177 | €164 | €218 | €10,639 | €15,727 | €13,681 | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | €22,402 | €37,689 | €43,701 | €40,771 | €83,042 | €92,881 | €84,838 | €63,937 | ▼ 24.6% |
| Income taxes67/77 | €4,856 | €7,496 | €8,632 | €6,694 | €16,322 | €18,923 | €16,029 | €11,996 | ▼ 25.2% |
| Profit (loss) for the period9904 | €17,546 | €30,193 | €35,069 | €34,078 | €66,720 | €73,958 | €68,809 | €51,941 | ▼ 24.5% |
| Profit (loss) for the period to be appropriated9905 | €17,546 | €30,193 | €35,069 | €34,078 | €66,720 | €73,958 | €68,809 | €51,941 | ▼ 24.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €240,785 | €288,509 | €333,255 | €330,375 | €397,950 | €588,466 | €652,588 | €687,761 | ▲ 5.4% |
| Fixed assets21/28 | €98,173 | €62,290 | €28,191 | €32,202 | €35,734 | €456,649 | €481,474 | €482,221 | ▲ 0.2% |
| Tangible fixed assets22/27 | €98,173 | €62,290 | €28,191 | €32,202 | €35,734 | €456,649 | €481,474 | €482,221 | ▲ 0.2% |
| Land and buildings22 | - | - | - | - | - | €426,410 | €430,639 | €424,005 | ▼ 1.5% |
| Plant, machinery and equipment23 | - | - | - | €32,202 | €35,734 | €30,238 | €35,255 | €40,529 | ▲ 15.0% |
| Furniture and vehicles24 | - | - | - | €0 | - | - | €15,580 | €17,687 | ▲ 13.5% |
| Current assets29/58 | €142,613 | €226,218 | €305,064 | €298,173 | €362,217 | €131,818 | €171,114 | €205,540 | ▲ 20.1% |
| Stocks and contracts in progress3 | €5,000 | €5,000 | €5,000 | €5,000 | €4,700 | €4,700 | €5,000 | €5,500 | ▲ 10.0% |
| Stocks30/36 | - | - | - | €5,000 | €4,700 | €4,700 | €5,000 | €5,500 | ▲ 10.0% |
| Amounts receivable within one year40/41 | €42,743 | €68,412 | €91,829 | €63,752 | €47,463 | €76,396 | €65,003 | €56,782 | ▼ 12.6% |
| Trade receivables40 | - | - | - | €62,446 | €43,784 | €69,674 | €59,332 | €55,720 | ▼ 6.1% |
| Other amounts receivable41 | - | - | - | €1,306 | €3,678 | €6,722 | €5,672 | €1,062 | ▼ 81.3% |
| Current investments50/53 | - | - | - | - | €240,000 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €94,297 | €142,165 | €207,583 | €228,729 | €69,330 | €47,575 | €99,421 | €140,713 | ▲ 41.5% |
| Deferred charges and accrued income490/1 | - | - | - | €692 | €724 | €3,146 | €1,690 | €2,546 | ▲ 50.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €240,785 | €288,509 | €333,255 | €330,375 | €397,950 | €588,466 | €652,588 | €687,761 | ▲ 5.4% |
| Equity10/15 | €36,146 | €66,339 | €101,408 | €135,485 | €202,206 | €276,164 | €344,972 | €396,913 | ▲ 15.1% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €17,546 | €47,739 | €82,808 | €116,885 | €183,606 | €257,564 | €326,372 | €378,313 | ▲ 15.9% |
| 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 | €378,313 | ▲ 15.9% |
| Amounts payable17/49 | €204,640 | €222,170 | €231,847 | €194,890 | €195,744 | €312,303 | €307,615 | €290,848 | ▼ 5.5% |
| Amounts payable after more than one year17 | - | - | - | - | - | €135,879 | €122,422 | €108,547 | ▼ 11.3% |
| Financial debts170/4 | - | - | - | - | - | €135,879 | €122,422 | €108,547 | ▼ 11.3% |
| Amounts payable within one year42/48 | €204,640 | €222,170 | €231,847 | €194,890 | €195,744 | €176,423 | €185,193 | €182,301 | ▼ 1.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €14,121 | €13,457 | €13,876 | ▲ 3.1% |
| Trade debts44 | €11,046 | €17,927 | €20,309 | €14,822 | €18,462 | €16,227 | €20,690 | €14,074 | ▼ 32.0% |
| Suppliers440/4 | - | - | - | €14,822 | €18,462 | €16,227 | €20,690 | €14,074 | ▼ 32.0% |
| Taxes, remuneration and social security45 | - | - | - | €7,325 | €7,831 | €5,276 | €5,234 | €6,137 | ▲ 17.2% |
| Taxes450/3 | - | - | - | €4,091 | €4,523 | €1,915 | €1,852 | €2,737 | ▲ 47.8% |
| Remuneration and social security454/9 | - | - | - | €3,234 | €3,308 | €3,362 | €3,383 | €3,400 | ▲ 0.5% |
| Other amounts payable47/48 | - | - | - | €172,743 | €169,452 | €140,799 | €145,812 | €148,215 | ▲ 1.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,546 | €30,193 | €35,069 | €34,078 | €66,720 | €73,958 | €68,809 | €51,941 | ▼ 24.5% |
| + Depreciation and write-downs630 | €76,106 | €41,527 | €36,255 | €28,010 | €8,810 | €64,509 | €34,983 | €44,712 | ▲ 27.8% |
| Operating cash flow (approximation) | €93,652 | €71,720 | €71,324 | €62,088 | €75,531 | €138,467 | €103,792 | €96,653 | ▼ 6.9% |
| Investment in fixed assets (approximation) | - | -€5,644 | -€2,156 | -€32,021 | -€12,342 | -€485,424 | -€59,808 | -€45,459 | ▲ 24.0% |
| Change in cash | - | €47,868 | €65,418 | €21,146 | -€159,399 | -€21,755 | €51,845 | €41,292 | ▼ 20.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,782 companies had the same profile as Hydromech has now. Two years later, 96.7% were still going and 0.6% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.7%
was still going
2.7%
stopped otherwise
0.6%
went bankrupt
That fits the bankruptcy probability of Hydromech itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,782 companies, not a prediction for Hydromech. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 22-06-2026 | 2026-00200522 | |
| 31-03-2025 | micro format | 19-09-2025 | 2025-00504032 | |
| 31-03-2024 | micro format | 30-10-2024 | 2024-00530132 | |
| 31-03-2023 | micro format | 27-10-2023 | 2023-00497987 | |
| 31-03-2022 | micro format | 04-11-2022 | 2022-20485226 | |
| 31-03-2021 | micro format | 04-11-2021 | 2021-76500560 | |
| 31-03-2020 | micro format | 23-11-2020 | 2020-71700252 | |
| 31-03-2019 | micro format | 30-10-2019 | 2019-72300313 |