HYDROWARE
The computed 12-month bankruptcy probability of HYDROWARE is 0.5% (low). The 2024 annual accounts show negative equity (€-26k) and a net result of €20k. Equity is growing by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 1389 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-26k |
| Net result | €20k |
| Better than sector | 5% |
| Active | 5 yrs |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -7.8% | 43.6% | |
| Net result | €20k | €41k | |
| Equity | €-26k | €163k | |
| Gross operating margin | €25k | €72k | |
| Total assets | €328k | €607k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €20k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €328k |
| Equity | €-26k |
| Debt | €354k |
| of which ≤ 1y | €354k |
| of which > 1y | - |
| Working capital | €-26k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.93 |
| Quick ratio | 0.93 |
| Working capital ratio | -7.8% |
| Solvency | -7.8% |
| Debt / equity | -13.76 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 6.2% |
| ROE | -78.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €328k |
| Current assets | 29/58 | €328k |
| Amounts receivable within one year | 40/41 | €299k |
| Cash & bank | 54/58 | €30k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €328k |
| Equity | 10/15 | €-26k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €-31k |
| Amounts payable | 17/49 | €354k |
| Amounts payable within one year | 42/48 | €354k |
| Trade debts payable within one year | 44 | €296k |
| Income statement | ||
| Gross operating margin | 9900 | €25k |
| Operating result | 9901 | €24k |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €20k |
| Net result for the period | 9904 | €20k |
| Result to be appropriated | 9905 | €20k |
| NACE primary | Head offices & management consulting(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 02-06-2021 |
| Status | Active |
| Postal code | 8500 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0292/00H000 | Flanders | 1.5 ha | 1 · 1,776 m² | 13.7 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
22-07-2024 2 directors appointed, 1 resigning
- Jan Van der Steen, Bestuurder
- Dries Storme, Dagelijks bestuur
- Patrick Andersen, Vaste vertegenwoordiger
Technical details
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},
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"effective_date": "2023-07-01",
"evidence_quote": "De Bijzondere Algemene Vergadering neemt kennis van de beslissing van Patrick Andersen BV met als vast vertegenwoordiger Patrick Andersen,, niet langer deel te willen uitmaken van het Bestuursorgaan van Hydroware BV.",
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"evidence_quote": "Aan Dhr. Dries Storme wordt het, mandaat verleend alle nodige acties betreffende deze beslissing uit te voeren, met name de publicatie en..ondertekering van.de nodige publicatie formulieren, ed.",
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"notary": {
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"office_city": "Kortrijk",
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},
"act_meta": {
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"filing_date": "2023-07-01",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
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}
],
"is_correction": false,
"subject_company": {
"kbo": "0768.994.224",
"name_full": "HYDROWARE",
"legal_form": "BV"
},
"publication_proxy": {
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"org_kbo": null,
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"org_rep_person_name": null,
"person_role_at_subject": "Lasthebber"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | HYDROWARE |