Checked.be
Active
BE 0842.967.810Private limited company (pre-2019)
H2O TECHNIEK
Bremakker 8 ·3740 Bilzen-Hoeselt, Belgium· 14 yrs active
Sector: Wholesale trade
(46645)
Conclusion
H2O TECHNIEK has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €369k and a net result of €-17k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 15878 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €369k |
| Net result | €-17k |
| Better than sector | 60% |
| Active | 14 yrs |
Financial profile
58
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
48
Profitability
0
Solvency
63
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2012, 14 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 Flags
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
48
/ 100
Fair
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
€18k
estimate, not credit advice
Score history
31
2021
94
2022
38
2023
48
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.53 (< 1.0)
-10
Quick ratio
Quick ratio 0.53 (< 0.6)
-5
Leverage
Debt/equity 0.92 (< 1.0)
+10
Profitability
Negatieve ROE -5%
-10
Interest coverage
Interest coverage 11.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~2.7%/year over 4 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 2024 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 52.0% | 39.5% | |
| Net result | €-17k | €5k | |
| Equity | €369k | €56k | |
| Gross operating margin | €83k | €26k | |
| Staff costs | €270 | €35k |
€81k
+10.7%
21-24
€-17k
+42.6%
21-24
€74k
+10.8%
21-24
€709k
-13.0%
21-24
€369k
-4.5%
21-24
€-57k
-96.2%
21-24
€270
+22.0%
21-24
€298
+6.3%
21-24
€340k
-20.7%
21-24
€122k
-15.7%
21-24
€218k
-23.3%
21-24
0.53
-33.3%
21-24
0.53
-33.3%
21-24
52.0%
+9.8%
21-24
0.92
-17.0%
21-24
-4.7%
+39.9%
21-24
-2.5%
+34.0%
21-24
11.66
+1.4%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €81k | €73k | €262k | €22k |
| Net profit | €-17k | €-30k | €162k | €-72k |
| Cash flow | €74k | €67k | €242k | €17k |
| Staff costs | €270 | €221 | - | - |
| Income taxes | €298 | €280 | €13k | €-3k |
| Dividends | - | - | - | - |
| Total assets | €709k | €815k | €927k | €745k |
| Equity | €369k | €386k | €417k | €255k |
| Debt | €340k | €429k | €510k | €490k |
| of which ≤ 1y | €122k | €144k | €137k | €113k |
| of which > 1y | €218k | €284k | €373k | €377k |
| Working capital | €-57k | €-29k | €73k | €-75k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.53 | 0.80 | 1.53 | 0.34 |
| Quick ratio | 0.53 | 0.80 | 1.53 | 0.34 |
| Working capital ratio | -8.0% | -3.6% | 7.9% | -10.1% |
| Solvency | 52.0% | 47.4% | 45.0% | 34.2% |
| Debt / equity | 0.92 | 1.11 | 1.22 | 1.92 |
| Long-term debt ratio | 0.59 | 0.74 | 0.89 | 1.48 |
| Interest coverage | 11.66 | 11.49 | 33.84 | 2.78 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -2.5% | -3.7% | 17.4% | -9.7% |
| ROE | -4.7% | -7.9% | 38.8% | -28.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €709k | €815k | €927k | €745k |
| Fixed assets | 21/28 | €644k | €700k | €717k | €707k |
| Tangible fixed assets | 22/27 | €644k | €700k | €717k | €707k |
| Current assets | 29/58 | €65k | €116k | €210k | €38k |
| Amounts receivable within one year | 40/41 | €34k | €21k | €11k | €13k |
| Cash & bank | 54/58 | €31k | €93k | €199k | €24k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €709k | €815k | €927k | €745k |
| Equity | 10/15 | €369k | €386k | €417k | €255k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €411k | €411k | €411k | €394k |
| Accumulated profits (losses) | 14 | €-48k | €-30k | - | €-145k |
| Amounts payable | 17/49 | €340k | €429k | €510k | €490k |
| Amounts payable after one year | 17 | €218k | €284k | €373k | €377k |
| Amounts payable within one year | 42/48 | €122k | €144k | €137k | €113k |
| Trade debts payable within one year | 44 | €245 | €1k | €14k | €1k |
| Income statement | |||||
| Gross operating margin | 9900 | €83k | €76k | €264k | €24k |
| Operating result | 9901 | €-11k | €-24k | €182k | €-67k |
| Financial income | 75 | €375 | €370 | €237 | €164 |
| Financial charges | 65 | €7k | €6k | €8k | €8k |
| Result before taxes | 9903 | €-17k | €-30k | €174k | €-75k |
| Income taxes | 67/77 | €298 | €280 | €13k | €-3k |
| Net result for the period | 9904 | €-17k | €-30k | €162k | €-72k |
| Result to be appropriated | 9905 | €-17k | €-30k | €162k | €-72k |
Legal Structure
| NACE primary | Wholesale trade(46645) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 16-01-2012 |
| Status | Active |
| Postal code | 3740 |
Establishment units
Bremakker 8, 3740 Bilzen-Hoeselt
since 20122.269.396.954
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006G1178/00A000 | Flanders | 2,497 m² | 1 · 850 m² | - |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
31-12
Financial
Back to profitnet €162k
Net result €162k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.53
Current ratio from 0.34 to 1.53.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale trade46645Wholesale trade46836Retail trade47527Retail trade47529
Names & trade names
| Legal nameNL | H2O TECHNIEK |
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