Hite Europe

Active

Private limited companyfounded 20242 yrs activeSpoorwegstraat 24, 8530 Harelbeke, BelgiumKBO/BCE: BE 1008.567.002

Summary

The computed 12-month bankruptcy probability of Hite Europe is 2.6% (moderate). The 2025 annual accounts show negative equity (€-290k) and a net result of €-879k. Its solvency ranks better than 8% of 480 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

35 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-74

Solvency19▼-25

Growth32

Track record82

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 14.11 against 1.26 in 2024; short-term debt: 6.9% and cash: 9.9% of total assets), but equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 33

Relative position

BE, all sectors

reference

Sector 33

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

-6.3%

Return on assets

-19.2%

Age of the figures

9 mo

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

2425

2024 to 2025 · latest year €-290k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

53 d early

2024

16 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€-290k

2024 · €2.59M

2024: €2.59M

2024 → 2025

Total assets

€4.57M▼ 65.9%

2024 · €13.42M

2024: €13.42M

2024 → 2025

Net result

€-879k

2024 · €590k

2024: €590k

2024 → 2025

Working capital

€4.12M▲ 50.5%

2024 · €2.74M

2024: €2.74M

2024 → 2025

Multi-year overview

Available amounts per fiscal year

Line20242025Trend

Equity€2.59M-€-290k

Operating result€806k-€-813k

Net result€590k-€-879k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €813k after €806k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €4.57M

97.1%

Fixed assets €133k ▲ 51.8%

Current assets €4.44M ▼ 66.7%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-793k▼

2024 · €813k

Cash flow

€-860k▼

2024 · €597k

Solvency

-6.3%▼

2024 · 19.3%

Current ratio

14.11▲

2024 · 1.26

Quick ratio

4.22▲

2024 · 0.69

Debt to equity

-16.78▼

2024 · 4.18

ROA

-19.2%▼

2024 · 4.4%

Interest coverage

-11.45▼

2024 · 56.32

Debt

€4.86M▼

2024 · €10.83M

Debt ≤ 1 year

€315k▼

2024 · €10.59M

Debt > 1 year

€4.55M

Income taxes

€0▼

2024 · €202k

Staff costs

€254k▲

2024 · €41k

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 · 2025 against 2024 · 51 lines

Balance sheet Code20242025

Assets

Total assets20/58€13.42M€4.57M▼

Fixed assets21/28€88k€133k▲

Intangible fixed assets21€16k€12k▼

Tangible fixed assets22/27€63k€110k▲

Furniture and vehicles24€36k€88k▲

Other tangible fixed assets26€27k€21k▼

Financial fixed assets28€8k€11k▲

Current assets29/58€13.33M€4.44M▼

Stocks and contracts in progress3€6.02M€3.11M▼

Stocks30/36€6.02M€3.11M▼

Amounts receivable within one year40/41€3.29M€869k▼

Trade receivables40€3.28M€689k▼

Other amounts receivable41€1k€180k▲

Cash at bank and in hand54/58€3.98M€455k▼

Deferred charges and accrued income490/1€39k€3k▼

Equity and liabilities

Total equity and liabilities10/49€13.42M€4.57M▼

Equity10/15€2.59M€-290k▼

Contributions10/11€2.00M€590k▼

Reserves13€590k€0▼

Distributable reserves133€590k€0▼

Profit (loss) carried forward14-€-879k

Amounts payable17/49€10.83M€4.86M▼

Amounts payable after more than one year17-€4.55M

Trade debts175-€4.55M

Amounts payable within one year42/48€10.59M€315k▼

Trade debts44€8.51M€88k▼

Suppliers440/4€8.34M€88k▼

Bills of exchange payable441€173k-

Advances received on contracts in progress46€1.84M€184k▼

Taxes, remuneration and social security45€246k€43k▼

Taxes450/3€246k€9k▼

Remuneration and social security454/9-€33k

Accrued charges and deferred income492/3€239k€0▼

Income statement Code20242025

Remuneration, social security and pensions62€41k€254k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€20k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€22k

Other operating charges640/8€1k€2k▲

Gross operating margin9900€855k€-516k▼

Operating profit (loss)9901€806k€-813k▼

Financial income75/76B-€3k

Recurring financial income75-€3k

Financial charges65/66B€14k€69k▲

Recurring financial charges65€14k€69k▲

Profit (loss) for the period before taxes9903€792k€-879k▼

Income taxes67/77€202k€0▼

Profit (loss) for the period9904€590k€-879k▼

Profit (loss) for the period to be appropriated9905€590k€-879k▼

Appropriation of the result

Profit (loss) to be appropriated9906€590k€-879k▼

Transfer to equity691/2€590k€0▼

To other reserves6921€590k€0▼

Social balance

Average headcount (FTE)90870.83.1▲

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

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

2026

08-06

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Liquidity times 11current ratio 14.11

Current ratio from 1.26 to 14.11; short-term debt falls from €10.59M to €315k.

15-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Harelbeke · 1 establishment unit since 2024

establishment The establishment unit on the map

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.

Spoorwegstraat 248530 Harelbeke

Ground area

4,370 m²

Building footprint

1,605 m²

Volume, LiDAR

9,562 m³

Parcel 34322B0714/00M000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Hite Europe

Spoorwegstraat 24, 8530 HarelbekeElectricity, gas, steam and air conditioning supply

since 20242.359.450.764

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34322B0714/00M000	Flanders	4,370 m²	1 · 1,605 m²	7.9 m · 2 fl.

Linked by address, not proof of ownership

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.

Similar companies · same sector, comparable size

FUTURE CLIMA

BE 0807.771.161

Houthalen-Helchteren · Eq €2.59M

GLOBAL PROCESS AUTOMATION INDUSTRY

Of 1,225 companies in sector 33200 we hold annual accounts for 676. 239 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

Founded19-04-2024

Fiscal year end31-12

Activities, NACEBEL 2025

33200Installation of industrial machinery and equipment

46643Wholesale of electrical equipment, including installation materials

35150Electricity, gas, steam and air conditioning supply

43240Other construction installation

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.