HYDROSIM
ActiveSummary
The annual accounts of HYDROSIM for fiscal year 2025 show a net loss of 60% of the equity at the start of that year. The 2025 annual accounts show equity of €4k and a net result of €-6k. Equity is shrinking by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 13% of 994 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-9
Solvency34▼-7
Growth22▼-4
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.92 against 1.0 in 2024; short-term debt: 90.9% and cash: 1.1% of total assets), and 91.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.7%
Return on assets
-13.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-6k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 994 sector peers (2025).
NBB · sector comparisonPosition among 994 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
25 d late
2023
29 d late
2022
29 d late
2021
31 d late
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€4k▼ 94.6%
2024 · €72k
2018: €107k
2019: €118k▲ +9.9% vs 2018
2020: €149k▲ +25.9% vs 2019highest in 8 years
2021: €119k▼ -19.9% vs 2020
2022: €148k▲ +24.4% vs 2021
2023: €144k▼ -2.7% vs 2022
2024: €72k▼ -50.0% vs 2023
2025: €4k▼ -94.6% vs 2024lowest in 8 years
2018 → 2025
EBIT margin
-142.3%▼ 136.6pp
2024 · -5.7%
2018: 10.8%
2019: 17.5%▲ +62.4% vs 2018
2020: -3.5%▼ -120% vs 2019
2021: 0.1%▲ +102% vs 2020
2022: 19.3%▲ +24100% vs 2021highest in 8 years
2023: -8.8%▼ -146% vs 2022
2024: -5.7%▲ +35.3% vs 2023
2025: -142.3%▼ -2388% vs 2024lowest in 8 years
2018 → 2025
Net result
€-6k▼ 23.4%
2024 · €-5k
2018: €7k
2019: €13k▲ +94.3% vs 2018
2020: €-6k▼ -147% vs 2019
2021: €-2k▲ +63.6% vs 2020
2022: €18k▲ +881% vs 2021highest in 8 years
2023: €-13k▼ -175% vs 2022lowest in 8 years
2024: €-5k▲ +61.9% vs 2023
2025: €-6k▼ -23.4% vs 2024
2018 → 2025
Working capital
€-4k▼ 2,725%
2024 · €-126
2018: €35k
2019: €50k▲ +43.8% vs 2018highest in 8 years
2020: €41k▼ -17.8% vs 2019
2021: €34k▼ -17.5% vs 2020
2022: €26k▼ -23.3% vs 2021
2023: €14k▼ -45.3% vs 2022
2024: €-126▼ -101% vs 2023
2025: €-4k▼ -2725% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€119k-€148k▲ 24.4%€144k▼ 2.7%€72k▼ 50.0%€4k▼ 94.6%
2021: €119k
2022: €148k▲ +24.4% vs 2021highest in 5 years
2023: €144k▼ -2.7% vs 2022
2024: €72k▼ -50.0% vs 2023
2025: €4k▼ -94.6% vs 2024lowest in 5 years
Equity€51k-€48k▼ 6.0%€29k▼ 40.4%€11k▼ 63.2%€4k▼ 60.0%
2021: €51khighest in 5 years
2022: €48k▼ -6.0% vs 2021
2023: €29k▼ -40.4% vs 2022
2024: €11k▼ -63.2% vs 2023
2025: €4k▼ -60.0% vs 2024lowest in 5 years
Operating result€95-€29k▲ 29,999%€-13k€-4k▲ 67.6%€-6k▼ 34.8%
2021: €95
2022: €29k▲ +29999% vs 2021highest in 5 years
2023: €-13k▼ -144% vs 2022lowest in 5 years
2024: €-4k▲ +67.6% vs 2023
2025: €-6k▼ -34.8% vs 2024
Net result€-2k-€18k€-13k€-5k▲ 61.9%€-6k▼ 23.4%
2021: €-2k
2022: €18k▲ +881% vs 2021highest in 5 years
2023: €-13k▼ -175% vs 2022lowest in 5 years
2024: €-5k▲ +61.9% vs 2023
2025: €-6k▼ -23.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €4k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49k
Fixed assets
€8k ▼ 26.7%
Current assets
€41k ▼ 26.1%
Equity and liabilities €49k
Equity
€4k ▼ 60.0%
Debt
€44k ▼ 19.7%
Debt's share of the balance-sheet total rises from 83.9% to 91.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €-1k
Cash flow
€-3k▼
2024 · €-2k
Current ratio
0.92▼
2024 · 1.00
Debt to equity
10.48▲
2024 · 5.22
ROE
-150.1%▼
2024 · -48.6%
ROA
-13.1%▼
2024 · -7.8%
Interest coverage
-3.97▼
2024 · -1.53
Debt ≤ 1 year
€44k▼
2024 · €55k
Income taxes
€131▼
2024 · €352
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€66k€49k▼
Fixed assets21/28€11k€8k▼
Tangible fixed assets22/27€11k€8k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€2k€951▼
Current assets29/58€55k€41k▼
Amounts receivable within one year40/41€55k€40k▼
Trade receivables40€12k€6k▼
Other amounts receivable41€43k€34k▼
Cash at bank and in hand54/58€145€532▲
Equity and liabilities
Total equity and liabilities10/49€66k€49k▼
Equity10/15€11k€4k▼
Contributions10/11€6k€6k=
Reserves13€25k€25k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€-21k€-27k▼
Amounts payable17/49€55k€44k▼
Amounts payable within one year42/48€55k€44k▼
Current portion of amounts payable after more than one year42€3k-
Trade debts44€13k€11k▼
Suppliers440/4€13k€11k▼
Taxes, remuneration and social security45€17k-
Taxes450/3€4k-
Remuneration and social security454/9€13k-
Other amounts payable47/48€22k€33k▲
Accrued charges and deferred income492/3€200€200=
Income statement
Code20242025
Turnover70€72k€4k▼
Goods, raw materials, services and sundry goods60/61€70k€6k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€3k€595▼
Gross operating margin9900€2k€-2k▼
Operating profit (loss)9901€-4k€-6k▼
Financial charges65/66B€673€665▼
Recurring financial charges65€673€665▼
Profit (loss) for the period before taxes9903€-5k€-6k▼
Income taxes67/77€352€131▼
Profit (loss) for the period9904€-5k€-6k▼
Profit (loss) for the period to be appropriated9905€-5k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-27k▼
Profit (loss) brought forward from the previous period14P€-16k€-21k▼
Transfer from equity791/2€13k-
Profit to be distributed694/7€13k-
Return on contributions (dividend)694€13k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €119k | €148k | €144k | €72k | €4k | ▼ 94.6% |
| Goods, raw materials, services and sundry goods60/61 | €115k | €111k | €145k | €70k | €6k | ▼ 91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €6k | €3k | €3k | €3k | ▼ 5.6% |
| Other operating charges640/8 | €1k | €2k | €9k | €3k | €595 | ▼ 81.5% |
| Gross operating margin9900 | €4k | €37k | €-501 | €2k | €-2k | ▼ 193% |
| Operating profit (loss)9901 | €95 | €29k | €-13k | €-4k | €-6k | ▼ 34.8% |
| Financial charges65/66B | €413 | €650 | €881 | €673 | €665 | ▼ 1.2% |
| Recurring financial charges65 | €413 | €650 | €881 | €673 | €665 | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | €-318 | €28k | €-14k | €-5k | €-6k | ▼ 29.8% |
| Income taxes67/77 | €2k | €10k | €-123 | €352 | €131 | ▼ 62.8% |
| Profit (loss) for the period9904 | €-2k | €18k | €-13k | €-5k | €-6k | ▼ 23.4% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €18k | €-13k | €-5k | €-6k | ▼ 23.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76k | €75k | €91k | €66k | €49k | ▼ 26.2% |
| Fixed assets21/28 | €17k | €22k | €15k | €11k | €8k | ▼ 26.7% |
| Tangible fixed assets22/27 | €17k | €21k | €14k | €11k | €8k | ▼ 26.7% |
| Plant, machinery and equipment23 | €11k | €9k | €11k | €9k | €7k | ▼ 21.6% |
| Furniture and vehicles24 | €6k | €12k | €3k | €2k | €951 | ▼ 50.5% |
| Financial fixed assets28 | - | €600 | €600 | - | - | - |
| Current assets29/58 | €59k | €53k | €76k | €55k | €41k | ▼ 26.1% |
| Amounts receivable within one year40/41 | €44k | €38k | €64k | €55k | €40k | ▼ 26.9% |
| Trade receivables40 | €12k | €19k | €18k | €12k | €6k | ▼ 52.2% |
| Other amounts receivable41 | €32k | €18k | €46k | €43k | €34k | ▼ 19.6% |
| Cash at bank and in hand54/58 | €13k | €14k | €10k | €145 | €532 | ▲ 267% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76k | €75k | €91k | €66k | €49k | ▼ 26.2% |
| Equity10/15 | €51k | €48k | €29k | €11k | €4k | ▼ 60.0% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €47k | €44k | €38k | €25k | €25k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €46k | €42k | €36k | €23k | €23k | = |
| Profit (loss) carried forward14 | €-2k | €-2k | €-16k | €-21k | €-27k | ▼ 30.3% |
| Amounts payable17/49 | €25k | €27k | €62k | €55k | €44k | ▼ 19.7% |
| Amounts payable within one year42/48 | €25k | €27k | €62k | €55k | €44k | ▼ 19.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3k | - | - |
| Trade debts44 | €15k | €13k | €15k | €13k | €11k | ▼ 14.0% |
| Suppliers440/4 | €15k | €13k | €15k | €13k | €11k | ▼ 14.0% |
| Taxes, remuneration and social security45 | €10k | €14k | €25k | €17k | - | - |
| Taxes450/3 | €10k | €14k | €19k | €4k | - | - |
| Remuneration and social security454/9 | - | - | €6k | €13k | - | - |
| Other amounts payable47/48 | - | - | €22k | €22k | €33k | ▲ 51.0% |
| Accrued charges and deferred income492/3 | - | - | €200 | €200 | €200 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €18k | €-13k | €-5k | €-6k | ▼ 23.4% |
| + Depreciation and write-downs630 | €3k | €6k | €3k | €3k | €3k | ▼ 5.6% |
| Operating cash flow (approximation) | €663 | €24k | €-10k | €-2k | €-3k | ▼ 67.0% |
| Investment in fixed assets (approximation) | - | €-11k | €4k | €600 | €0 | ▼ 100% |
| Change in cash | - | €148 | €-3k | €-10k | €387 | ▲ 104% |
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
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
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, Jodoigne · 1 establishment unit since 2013
Ground area
468 m²
Building footprint
76 m²
Volume, LiDAR
396 m³
Parcel 25048A0088/00Z003, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HYDROSIM
since 20132.217.098.217
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25048A0088/00Z003 | Wallonia | 468 m² | 1 · 76 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 392 companies in sector 42990 we hold annual accounts for 182. 53 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 (pre-2019)
Founded06-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
42990Civil engineering
Scores and ratios are computed by Checked and are not a credit decision.