Active BE 0459.716.256Public limited company

HYDROTEC

Rochesterlaan 18 ·8470 Gistel, Belgium· 29 yrs active

Sector: Wholesale of other machinery and equipment (46649)

Conclusion Checked

HYDROTEC has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.44M and a net result of €377k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 88% of 4735 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€4.44M
Net result	€377k
Staff (FTE)	1.8
Better than sector	88%

Financial profile 5 of 5 axes measured · computed by Checked

81 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86

Profitability 42

Solvency 100

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.3% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1997, 29 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

86 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€380k

estimate, not credit advice

Score history

93 2021

86 2022

100 2023

100 2024

86 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 8.10 (≥ 1.5) +10

Quick ratio Quick ratio 7.78 (≥ 1.0) +5

Leverage Debt/equity 0.16 (< 1.0) +10

Profitability ROE 8% +3

Interest coverage Interest coverage 30.0× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview29 NBB filings

Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · full schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~9.9%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	83.0%	45.7%	better than 88% of 4735 sector peers
Net result	€377k	€116k	better than 67% of 4732 sector peers
Equity	€4.44M	€1.64M	better than 71% of 4737 sector peers
Gross operating margin	€797k	€354k	better than 73% of 2546 sector peers
Staff costs	€94k	€781k	higher than 12% of 3943 sector peers

EBITDA

€686k

-13.3% 21-25

Net profit

€377k

-19.5% 21-25

Cash flow

€494k

-14.5% 21-25

Total assets

€5.35M

+3.2% 21-25

Equity

€4.44M

+9.3% 21-25

Working capital

€3.85M

+10.7% 21-25

Employees (FTE)

2

+20.0% 21-25

Staff costs

€94k

-6.9% 21-25

Income taxes

€187k

-17.2% 21-25

Dividends

€0

-100.0% 21-25

Debt

€722k

-22.5% 21-25

Debt ≤ 1y

€542k

-22.9% 21-25

Debt > 1y

€159k

-28.2% 21-25

Current ratio

8.10

+36.2% 21-25

Quick ratio

7.78

+36.6% 21-25

Solvency

83.0%

+5.9% 21-25

Debt / equity

0.16

-29.0% 21-25

ROE

8.5%

-26.3% 21-25

ROA

7.0%

-22.0% 21-25

Interest coverage

30.00

-6.6% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	full schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-	-
EBITDA	€686k	€792k	€674k	€358k	€559k
Net profit	€377k	€468k	€381k	€190k	€349k
Cash flow	€494k	€578k	€484k	€282k	€439k
Staff costs	€94k	€101k	€73k	€143k	€144k
Income taxes	€187k	€226k	€184k	€84k	€151k
Dividends	€0	€38k	€0	€107k	€112k
Total assets	€5.35M	€5.18M	€4.77M	€4.74M	€4.46M
Equity	€4.44M	€4.06M	€3.63M	€3.25M	€3.17M
Debt	€722k	€931k	€944k	€1.29M	€1.10M
of which ≤ 1y	€542k	€703k	€651k	€957k	€698k
of which > 1y	€159k	€222k	€288k	€336k	€401k
Working capital	€3.85M	€3.48M	€3.02M	€2.66M	€2.74M
Employees (FTE)	1.8	1.5	1.8	2.5	2.5

Note: these years are not on the same basis. The filed schemas differ (full schema, abbreviated schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	8.10	5.94	5.64	3.78	4.93
Quick ratio	7.78	5.70	5.39	3.60	4.70
Working capital ratio	72.0%	67.1%	63.4%	56.1%	61.4%
Solvency	83.0%	78.4%	76.2%	68.7%	71.0%
Debt / equity	0.16	0.23	0.26	0.40	0.35
Long-term debt ratio	0.04	0.05	0.08	0.10	0.13
Interest coverage	30.00	32.12	37.64	29.59	27.66
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	7.0%	9.0%	8.0%	4.0%	7.8%
ROE	8.5%	11.5%	10.5%	5.8%	11.0%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €958k · 17.9% Current assets €4.39M · 82.1%

Equity & liabilities

Equity €4.44M · 83.0% Provisions €189k · 3.5% Debt €722k · 13.5%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€5.35M	€5.18M	€4.77M	€4.74M	€4.46M
Fixed assets	21/28	€958k	€1.00M	€1.09M	€1.12M	€1.03M
Tangible fixed assets	22/27	€958k	€1.00M	€1.09M	€1.12M	€1.03M
Current assets	29/58	€4.39M	€4.18M	€3.68M	€3.62M	€3.44M
Stocks & contracts in progress	3	€170k	€174k	€163k	€167k	€158k
Amounts receivable within one year	40/41	€1.54M	€1.80M	€1.93M	€2.11M	€1.87M
Investments	50/53	€1.34M	€887k	€911k	€948k	€1.09M
Cash & bank	54/58	€1.31M	€1.26M	€645k	€351k	€281k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€5.35M	€5.18M	€4.77M	€4.74M	€4.46M
Equity	10/15	€4.44M	€4.06M	€3.63M	€3.25M	€3.17M
Contributions / capital	10/11	€62k	€62k	€62k	€62k	€62k
Reserves	13	€4.38M	€4.00M	€3.57M	€3.19M	€3.11M
Accumulated profits (losses)	14	€0	€0	€0	€0	€0
Provisions & deferred taxes	16	€189k	€190k	€190k	€190k	€190k
Amounts payable	17/49	€722k	€931k	€944k	€1.29M	€1.10M
Amounts payable after one year	17	€159k	€222k	€288k	€336k	€401k
Amounts payable within one year	42/48	€542k	€703k	€651k	€957k	€698k
Trade debts payable within one year	44	€347k	€383k	€343k	€528k	€456k
Income statement
Gross operating margin	9900	€797k	€910k	€776k	€509k	€723k
Operating result	9901	€569k	€682k	€571k	€266k	€469k
Financial income	75	€18k	€37k	€12k	€20k	€51k
Financial charges	65	€23k	€25k	€18k	€12k	€20k
Result before taxes	9903	€564k	€694k	€566k	€274k	€500k
Income taxes	67/77	€187k	€226k	€184k	€84k	€151k
Net result for the period	9904	€377k	€468k	€381k	€190k	€349k
Result to be appropriated	9905	€519k	€468k	€381k	€190k	€180k

Directors & mandates 3 directors

Former directors (3)

CASTELEIN Dominique
Director
State Gazette act 24301888 (02-01-2024)

Former
- → 02-01-2024
CASTELEIN Pascal
Director
State Gazette act 24301888 (02-01-2024)

Former
- → 02-01-2024
CASTELEIN Thierry
Director
State Gazette act 24301888 (02-01-2024)

Former
- → 02-01-2024

Legal Structure

NACE primary	Wholesale of other machinery and equipment(46649)
Legal form	Public limited company(014)
Incorporation	06-01-1997
Status	Active
Postal code	8470

Establishment units 1 location

HYDROTEC NV

Rochesterlaan 18, 8470 GistelNACE 28520

since 19972.080.447.585

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35005D0475/00B000	Flanders	4,940 m²	1 · 180 m²	7.9 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 31 days late

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 61 days late

2024

31-12

Financial Highest result since 2021net €468k ▲22.7%

Operating result €682k, net result €468k, both a record.

13-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 44 days late

02-01

State Gazette act Director changes

Stefanie DAUW

2023

08-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 8 days late

2022

31-12

Financial Weakest financial yearnet €190k ▼45.7%

Net result drops to €190k, the lowest in the series; recovery starts the following year.

21-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

30-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 30 days late

2020

09-10

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 70 days late

2019

14-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 14 days late

2018

11-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 42 days late

2017

30-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 61 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

02-01-2024 1 director appointed, 3 resigning, 3 reappointed Director changes·Stefanie DAUW

CASTELEIN Thierry, Gedelegeerd bestuurder
CASTELEIN Thierry, Bestuurder
CASTELEIN Dominique, Bestuurder
CASTELEIN Pascal, Bestuurder
CASTELEIN Thierry, Bestuurder
CASTELEIN Dominique, Bestuurder
CASTELEIN Pascal, Bestuurder

Notary: Stefanie DAUW · Lo-Reninge

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Wholesale trade46630Wholesale of other machinery and equipment466495182051872

Names & trade names

Legal nameNL

HYDROTEC

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