Equity
Hypercharge has made a profit without a break since 2020.
Hypercharge has made a profit without a break since 2020.
The result fell in 2025 from €621,726 to €414,330.
In 2025, 2 people joined and 1 left.
Short-term debts fell from €1.3m to €583,579.
Latest accounts filed late: after the legal deadline.
Higher net result than 93% of companies in computer programming and consultancy. Sector median €22,924 · 3,405 companies.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 45% of them on solvency, 22% on liquidity, 47% on profitability and 73% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as Hypercharge has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Hypercharge itself: 1.3% within 12 months.
The method was tested on the 497,447 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 26,972 companies, not a prediction for Hypercharge. 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.
Liquidity is tight, with a current ratio of 1.48 (0.52 in 2024), below the usual 1.5. Short-term debt is 18.4% and cash 1.3% of total assets. 47.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 64 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
These companies have the same main activity as Hypercharge: computer programming (NACE 62100). They are comparable in size and age: total assets between €2.2m and €4.2m, founded between 2014 and 2018.
Hypercharge files the abbreviated format. That format states no turnover. The gross margin rose from €36,904 in 2017 to €1.6m in 2025.
XPOWER holds 80% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 55% of 3,405 companies in 2025.
Higher than 41% of 3,266 companies in 2025.
Higher than 63% of 3,314 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 2 people joined and 1 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
3.2m | 2.6m | 2.1m | 1.4m | 1.1m | 855,762 | 99,114 | 79,197 | 65,298 | |
21/28 |
2.3m | 1.9m | 1.5m | 1.2m | 902,686 | 585,935 | 64,152 | 44,653 | 31,015 | |
21 |
2.3m | 1.9m | 1.5m | 1.1m | 871,168 | 536,010 | - | - | - | |
22/27 |
8,268 | 2,213 | 5,309 | 16,408 | 29,038 | 47,445 | 61,672 | 42,173 | 28,535 | |
23 |
- | - | 948 | 9,872 | 24,857 | 40,320 | 58,655 | 37,253 | 21,712 | |
24 |
8,268 | 2,213 | 4,361 | 6,536 | 3,955 | 5,550 | 92 | 645 | 1,198 | |
26 |
- | - | - | - | 226 | 1,575 | 2,925 | 4,275 | 5,625 | |
28 |
- | - | - | 2,480 | 2,480 | 2,480 | 2,480 | 2,480 | 2,480 | |
29/58 |
863,834 | 691,418 | 587,299 | 235,952 | 239,700 | 269,827 | 34,962 | 34,544 | 34,283 | |
40/41 |
812,321 | 446,654 | 480,851 | 226,251 | 171,593 | 231,931 | 20,254 | 33,305 | 25,606 | |
40 |
806,937 | 441,713 | 475,473 | 221,150 | 163,193 | 230,012 | 18,530 | 32,042 | 22,729 | |
41 |
5,384 | 4,941 | 5,378 | 5,101 | 8,400 | 1,919 | 1,725 | 1,263 | 2,877 | |
54/58 |
41,655 | 238,838 | 106,073 | 7,510 | 64,889 | 36,876 | 14,708 | 1,239 | 6,689 | |
490/1 |
9,858 | 5,926 | 375 | 2,191 | 3,218 | 1,020 | - | - | 1,988 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
3.2m | 2.6m | 2.1m | 1.4m | 1.1m | 855,762 | 99,114 | 79,197 | 65,298 | |
10/15 |
1.7m | 1.2m | 624,237 | 267,603 | 136,435 | 55,632 | 10,774 | 29,514 | 29,730 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
100 |
- | - | - | - | - | - | 25,000 | 25,000 | 25,000 | |
13 |
1.6m | 1.2m | 599,237 | 242,603 | 111,435 | 30,632 | 4,486 | 4,486 | 4,486 | |
130/1 |
- | - | - | 236 | 236 | 236 | - | - | - | |
130 |
- | - | - | - | - | - | 236 | 236 | 236 | |
1311 |
- | - | - | 236 | 236 | 236 | - | - | - | |
133 |
1.6m | 1.2m | 599,237 | 242,367 | 111,199 | 30,396 | 4,250 | 4,250 | 4,250 | |
14 |
- | - | - | - | - | - | -18,713 | 27 | 243 | |
17/49 |
1.5m | 1.4m | 1.5m | 1.1m | 1.0m | 800,130 | 88,341 | 49,683 | 35,568 | |
17 |
928,989 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | - | - | |
170/4 |
863,989 | - | - | - | - | - | - | - | - | |
178/9 |
65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | - | - | |
42/48 |
583,579 | 1.3m | 1.3m | 1.1m | 940,951 | 735,130 | 23,341 | 49,683 | 35,568 | |
42 |
95,347 | - | - | - | - | - | - | - | - | |
44 |
315,397 | 156,346 | 245,047 | 61,712 | 73,618 | 665,126 | 11,236 | 23,211 | 12,265 | |
440/4 |
315,397 | 156,346 | 245,047 | 61,712 | 73,618 | 665,126 | 11,236 | 23,211 | 12,265 | |
46 |
- | - | - | - | - | 4,017 | 4,017 | - | - | |
45 |
172,835 | 82,512 | 98,038 | 27,906 | 9,274 | 3,791 | 503 | 10,964 | 7,807 | |
450/3 |
130,105 | 61,618 | 78,435 | 21,109 | 3,101 | - | 503 | 9,937 | 1,892 | |
454/9 |
42,730 | 20,894 | 19,603 | 6,797 | 6,173 | 3,791 | - | 1,027 | 5,915 | |
47/48 |
- | 1.1m | 967,052 | 980,355 | 858,059 | 62,196 | 7,584 | 15,508 | 15,496 | |
492/3 |
- | - | 105,790 | - | - | - | - | - | - | |
| Income statement | ||||||||||
70 |
- | 2.1m | 1.4m | 622,379 | - | - | - | - | - | |
76A |
- | - | - | - | - | 168 | - | - | - | |
9900 |
1.6m | 1.6m | 1.1m | 492,737 | 374,606 | 313,603 | 4,797 | 14,072 | 36,904 | |
60/61 |
- | 637,314 | 457,257 | 175,672 | - | - | - | - | - | |
62 |
448,600 | 298,438 | 165,811 | 51,380 | 92,289 | 121,937 | 463 | -107 | 23,787 | |
630 |
722,159 | 611,486 | 436,022 | 303,511 | 194,412 | 140,539 | 20,376 | 12,401 | 5,994 | |
631/4 |
- | - | - | - | - | - | 671 | - | - | |
640/8 |
5,478 | 20,430 | 67,092 | 990 | 888 | 1,686 | 1,350 | 478 | 348 | |
9901 |
452,934 | 650,813 | 392,383 | 136,856 | 87,017 | 49,441 | -18,063 | 1,301 | 6,775 | |
75/76B |
1,961 | 322 | 283 | 259 | - | - | 954 | 20 | 0 | |
75 |
1,961 | 322 | 283 | 259 | - | - | 954 | 20 | 0 | |
65/66B |
25,211 | 4,409 | 13,507 | 3,671 | 3,114 | 3,909 | 1,631 | 1,124 | 181 | |
65 |
25,211 | 4,409 | 13,507 | 3,671 | 3,114 | 3,909 | 1,631 | 1,124 | 181 | |
9903 |
429,684 | 646,726 | 379,159 | 133,444 | 83,903 | 45,532 | -18,740 | 197 | 6,594 | |
67/77 |
15,354 | 25,000 | 22,526 | 2,276 | 3,100 | 673 | - | 413 | 1,865 | |
9904 |
414,330 | 621,726 | 356,633 | 131,168 | 80,803 | 44,859 | -18,740 | -216 | 4,730 | |
9905 |
414,330 | 621,726 | 356,633 | 131,168 | 80,803 | 44,859 | -18,740 | -216 | 4,730 | |
| Appropriation of the result | ||||||||||
9906 |
414,330 | 621,726 | 356,633 | 131,168 | 80,803 | 26,146 | -18,713 | 27 | 4,730 | |
691/2 |
414,330 | 621,726 | 356,633 | 131,168 | 80,803 | 26,146 | - | - | 4,486 | |
6920 |
- | - | - | - | - | - | - | - | 236 | |
6921 |
414,330 | 621,726 | 356,633 | 131,168 | 80,803 | 26,146 | - | - | 4,250 | |
| Social balance sheet | ||||||||||
9087 |
5.3 | 4 | 2.2 | 1 | 1.7 | 1.2 | 0.4 | 0.5 | 0.5 | |
Hours worked1013 |
9,395 | 6,198 | 3,642 | 1,711 | 2,688 | 1,819 | 1 | - | 900 | |
| Document | ||||||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-10-2026.
2025 annual accounts filed 88 days after the deadline. Filed on 27 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00594637.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-10-2026 | 2026-00594637 | |
| 31-12-2024 | abbreviated format | 08-10-2025 | 2025-00535644 | |
| 31-12-2023 | abbreviated format | 09-10-2024 | 2024-00502253 | |
| 31-12-2022 | abbreviated format | 13-10-2023 | 2023-00485060 | |
| 31-12-2021 | abbreviated format | 18-10-2022 | 2022-20465379 | |
| 31-12-2020 | abbreviated format | 22-10-2021 | 2021-72500244 | |
| 31-12-2019 | micro format | 16-07-2020 | 2020-30200541 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59300358 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-52600137 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.2m | 1.3m | 828,405 | 440,367 | 281,429 | 189,980 | 2,313 | 13,702 | 12,769 | ||
| 1.1m | 1.2m | 792,655 | 434,679 | 275,215 | 185,398 | 1,636 | 12,185 | 10,724 | ||
| 1.1m | 1.0m | 789,742 | 567,449 | 511,163 | 662,322 | 39,876 | 26,039 | 37,009 | ||
| -197,183 | 132,765 | 98,563 | -57,379 | 28,013 | 22,168 | 13,469 | -5,450 | - | ||
| 280,255 | -628,292 | -722,838 | -834,021 | -701,251 | -465,303 | 11,621 | -15,139 | -1,285 | ||
| - | 30.3% | 28.0% | 22.0% | - | - | - | - | - | ||
| 52.3% | 47.4% | 29.7% | 19.1% | 11.9% | 6.5% | 10.9% | 37.3% | 45.5% | ||
| 1.48 | 0.52 | 0.45 | 0.22 | 0.25 | 0.37 | 1.50 | 0.70 | 0.96 | ||
| 0.91 | 1.11 | 2.37 | 4.24 | 7.37 | 14.38 | 8.20 | 1.68 | 1.20 | ||
| 25.0% | 49.9% | 57.1% | 49.0% | 59.2% | 80.6% | -173.9% | -0.7% | 15.9% | ||
| 13.1% | 23.6% | 16.9% | 9.4% | 7.1% | 5.2% | -18.9% | -0.3% | 7.2% | ||
| 46.61 | over 100 | 61.33 | over 100 | 90.38 | - | - | - | - | ||
| - | 75 days | 124 days | 130 days | - | - | - | - | - | ||
| - | 90 days | 196 days | 128 days | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 4 | 3 | 1 | 1 |
| full-time | 5 | 4 | 3 | 1 | 1 |
| in full-time equivalents | 5 | 4 | 3 | 1 | 1 |
| 5.3 | 3.6 | 2.2 | 1 | 1.7 | |
| On a permanent contract | 5 | 4 | 3 | 1 | 1 |
| Joined | 2 | 3 | 2 | - | 0 |
| Left | 1 | 2 | 2 | - | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €10,723 | - | - | €3,751 | €2,523 |
| Intangible fixed assets | €1.1m | €1.0m | €789,742 | €563,698 | €508,640 |
| €722,159 | €611,486 | €436,022 | €303,511 | €194,412 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 30% lower than in 2024.
Debt's share of the balance-sheet total falls from 52.6% to 47.7%. Equity and debt are higher.
Further up the chainCROWN ENTERPRISES 100%IMMO - HOET 72.42%
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2024 accounts of XPOWER. Every holding stands with its own latest accounts.
| XPOWER
registered office since 11-01-1994 · founded in 1993 · accounts filed late |
45 FTE (2024) 0451.526.090 |
| Eco-Struct
registered office since 21-11-2000 · founded in 2000 |
total assets €2.2m (2025) 0473.138.185 |
| DEGRAN
registered office since 16-02-2007 · founded in 2007 · negative equity (2025) |
total assets €218,965 (2025) 0887.306.015 |
| Herratec
registered office since 18-12-2025 |
founded in 2025 1031.849.277 |
| Out of the Box
registered office since 07-06-2018 |
founded in 2018 0697.699.620 |
| Belevents
registered office since 16-06-2017 |
founded in 2017 0676.873.126 |
| IMMO JOOST via Thibault Jonnaert, no longer at IMMO JOOST · Director · deed of 20-08-2024 founded in 2024 |
total assets €1.6m (2025) |
| LAUWYCK G. via Thibault Jonnaert, no longer at LAUWYCK G. · Director · deed of 06-12-2024 founded in 2009 |
total assets €821,706 (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 29 March 2017, Hypercharge was incorporated.1 In 2020 the company took the name Hypercharge.2 The registered office moved to Lochristi in 2020 and to Merelbeke-Melle in 2026.23 Turnover went from €622,379 in 2022 to €2.1m in 2024 and headcount from 0.5 full-time equivalents in 2018 to 5.3 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Brusselsesteenweg 172 registered office 9090 Merelbeke-Melle | 29-03-2017 | 2.264.117.679 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44402B0160/02A002 | 388 m² | 1 · 168 m² | 9.3 m · 2 |
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