HIT-IT
ActiveSummary
The computed 12-month bankruptcy probability of HIT-IT is 1.5% (moderate). The 2024 annual accounts show equity of €829k and a net result of €-116k. Equity is shrinking by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 39% of 19357 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▲+16
Solvency43▲+2
Growth32=
Track record94
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.31 in 2023; short-term debt: 17% and cash: 2.4% of total assets), and 82% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
18%
Return on assets
-2.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-116k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
125 d late
2022
85 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€829k▼ 12.2%
2023 · €945k
2022: €1.18M
2023: €945k
2022 → 2024
Total assets
€4.62M▼ 21.1%
2023 · €5.85M
2022: €4.26M
2023: €5.85M
2022 → 2024
Net result
€-116k▲ 50.3%
2023 · €-233k
2022: €-73k
2023: €-233k
2022 → 2024
Working capital
€-584k▲ 82.7%
2023 · €-3.38M
2022: €-1.95M
2023: €-3.38M
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€1.18M-€945k▼ 19.8%€829k▼ 12.2%
Operating result€-55k-€-137k▼ 150%€74k
Net result€-73k-€-233k▼ 220%€-116k▲ 50.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €74k after a loss of €137k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.62M
Fixed assets
€4.41M ▲ 1.9%
Current assets
€203k ▼ 86.7%
Equity and liabilities €4.62M
Equity
€829k ▼ 12.2%
Debt
€3.79M ▼ 22.8%
Debt's share of the balance-sheet total falls from 83.9% to 82.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€284k▲
2023 · €145k
Cash flow
€94k▲
2023 · €49k
Current ratio
0.26▼
2023 · 0.31
Debt to equity
4.57▼
2023 · 5.20
ROE
-14.0%▲
2023 · -24.7%
ROA
-2.5%▲
2023 · -4.0%
Interest coverage
3.18▲
2023 · 1.52
Debt ≤ 1 year
€787k▼
2023 · €4.90M
Debt > 1 year
€3.00M
Income taxes
€100k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€5.85M€4.62M▼
Fixed assets21/28€4.33M€4.41M▲
Tangible fixed assets22/27€4.33M€4.41M▲
Land and buildings22€3.75M€3.83M▲
Furniture and vehicles24€2k€43k▲
Other tangible fixed assets26€582k€541k▼
Current assets29/58€1.52M€203k▼
Amounts receivable within one year40/41€64k€79k▲
Trade receivables40€61k€73k▲
Other amounts receivable41€3k€6k▲
Cash at bank and in hand54/58€1.45M€113k▼
Deferred charges and accrued income490/1€1k€10k▲
Equity and liabilities
Total equity and liabilities10/49€5.85M€4.62M▼
Equity10/15€945k€829k▼
Contributions10/11€146k€146k=
Reserves13€648k€648k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Tax-exempt reserves132€6k€6k=
Distributable reserves133€641k€641k=
Profit (loss) carried forward14€151k€35k▼
Amounts payable17/49€4.91M€3.79M▼
Amounts payable after more than one year17-€3.00M
Other amounts payable178/9-€3.00M
Amounts payable within one year42/48€4.90M€787k▼
Trade debts44€15k€80k▲
Suppliers440/4€15k€80k▲
Taxes, remuneration and social security45€6k€18k▲
Taxes450/3€6k€18k▲
Other amounts payable47/48€4.88M€689k▼
Accrued charges and deferred income492/3€8k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€282k€210k▼
Other operating charges640/8€15k€24k▲
Gross operating margin9900€160k€307k▲
Operating profit (loss)9901€-137k€74k▲
Financial income75/76B€0€149▲
Recurring financial income75€0€149▲
Financial charges65/66B€96k€89k▼
Recurring financial charges65€96k€89k▼
Profit (loss) for the period before taxes9903€-233k€-15k▲
Income taxes67/77-€100k
Profit (loss) for the period9904€-233k€-116k▲
Profit (loss) for the period to be appropriated9905€-233k€-116k▲
Appropriation of the result
Profit (loss) to be appropriated9906€151k€35k▼
Profit (loss) brought forward from the previous period14P€384k€151k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 125 days late
2023
31-12
Financial
Weakest financial yearnet €-233k
Net result drops to €-233k, the lowest in the series; recovery starts the following year.
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 85 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Izegem · 3 establishment units since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kruisstraat 168870 IzegemGround area
1,349 m²
Building footprint
1,102 m²
Volume, LiDAR
11,724 m³
3 parcels, Flanders · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
HIT-IT
since 20212.331.143.491
HOF VAN COMMERCE
since 20212.338.752.647
FORT LAPIN
since 20222.338.752.548
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008A0730/00Y000 | Flanders | 700 m² | 1 · 488 m² | 15.6 m · 4 fl. |
| 31807H0534/00A000 | Flanders | 589 m² | 1 · 554 m² | 18.9 m · 5 fl. |
| 31805E0982/00A000 | Flanders | 60 m² | 1 · 61 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
HOLINTER
BE 0451.980.408
Sint-Joost-ten-Node · Eq €829,398
THE DOME
BE 0711.961.291
Brugge · Eq €829,776
DIVITRI
BE 0846.444.071
Tongeren-Borgloon · Eq €828,437
HSH
BE 0824.964.313
Brussel · Eq €829,876
ASSISTANCE A L'INDUSTRIE
BE 0479.273.931
Mons · Eq €830,936
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,928 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.