Active BE 0442.393.739Private limited company (pre-2019)

HTC

Heidestraat 34 ·9250 Waasmunster, Belgium· 35 yrs active

Sector: Retail sale of electrical household appliances (47540)

Conclusion Checked

HTC has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €-6k. Equity is shrinking by ~45.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 54% of 1433 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€56k
Net result	€-6k
Better than sector	54%
Active	35 yrs

Financial profile 5 of 5 axes measured · computed by Checked

45 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 45

Profitability 0

Solvency 50

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1990, 35 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 Flags0 events

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 FY 2025 · computed

45 / 100 Fair

050100

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

€3k

estimate, not credit advice

Score history

51 2023

27 2024

45 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.37 (≥ 1.0) +5

Quick ratio Quick ratio 1.37 (≥ 1.0) +5

Profitability Negatieve ROE -11% -10

Interest coverage Interest coverage -0.4× (< 1.5×) -10

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview35 NBB filings

Annual accounts filed on 22-07-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, equity would indicatively turn negative around fiscal year 2027, 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 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	27.4%	23.5%	better than 54% of 1433 sector peers
Net result	€-6k	€7k	better than 20% of 1430 sector peers
Equity	€56k	€25k	better than 66% of 1435 sector peers
Gross operating margin	€454	€34k	better than 17% of 1427 sector peers
Total assets	€203k	€132k	better than 63% of 1434 sector peers

EBITDA

€-1k

+96.6% 23-25

Net profit

€-6k

+88.1% 23-25

Cash flow

€-5k

+89.8% 23-25

Total assets

€203k

-60.9% 23-25

Equity

€56k

-9.7% 23-25

Working capital

€55k

-3.4% 23-25

Employees (FTE)

0

- 23-25

Income taxes

€-85

- 23-25

Debt

€147k

-67.8% 23-25

Debt ≤ 1y

€147k

-67.8% 23-25

Current ratio

1.37

+22.1% 23-25

Quick ratio

1.37

+22.1% 23-25

Solvency

27.4%

+131.3% 23-25

Debt / equity

2.65

-64.4% 23-25

ROE

-10.7%

+86.8% 23-25

ROA

-2.9%

+69.5% 23-25

Interest coverage

-0.39

+93.7% 23-25

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2025 Δ	2024 Δ	2023 Δ
Deposit	micro schema	micro schema	abbreviated schema
Revenue	-	-	-
EBITDA	+96.6%	-	-
Net profit	+88.1%	-	-
Cash flow	+89.8%	-	-
Staff costs	-	-	-
Income taxes	-	-	-
Dividends	-	-	-
Total assets	-60.9%	-6.8%	-
Equity	-9.7%	-44.8%	-
Debt	-67.8%	+2.8%	-
of which ≤ 1y	-67.8%	+2.8%	-
of which > 1y	-	-	-
Working capital	-3.4%	+6.8%	-
Employees (FTE)	-	-	-

Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023
Current ratio	1.37	1.12	1.12
Quick ratio	1.37	1.12	0.54
Working capital ratio	27.1%	11.0%	9.6%
Solvency	27.4%	11.8%	20.0%
Debt / equity	2.65	7.45	4.00
Long-term debt ratio	-	-	-
Interest coverage	-0.39	-6.17	6.63
Gross margin	-	-	-
Net margin	-	-	-
ROA	-2.9%	-9.6%	0.5%
ROE	-10.7%	-81.2%	2.6%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €502 · 0.3% Current assets €202k · 99.8%

Equity & liabilities

Equity €56k · 27.4% Debt €147k · 72.6%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€203k	€520k	€557k
Fixed assets	21/28	€502	€5k	€58k
Tangible fixed assets	22/27	€502	€3k	€58k
Financial fixed assets	28	€0	€2k	-
Current assets	29/58	€202k	€515k	€499k
Stocks & contracts in progress	3	-	€0	€258k
Amounts receivable within one year	40/41	€106k	€266k	€120k
Cash & bank	54/58	€64k	€203k	€76k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€203k	€520k	€557k
Equity	10/15	€56k	€61k	€111k
Contributions / capital	10/11	€100k	€100k	€100k
Reserves	13	€7k	€7k	€7k
Accumulated profits (losses)	14	€-52k	€-46k	€4k
Amounts payable	17/49	€147k	€458k	€446k
Amounts payable within one year	42/48	€147k	€458k	€446k
Trade debts payable within one year	44	€227	€3k	€80k
Income statement
Gross operating margin	9900	€454	€-36k	€41k
Operating result	9901	€-2k	€-43k	€8k
Financial income	75	€0	€13	€17
Financial charges	65	€4k	€7k	€5k
Result before taxes	9903	€-6k	€-50k	€3k
Income taxes	67/77	€-85	-	€0
Net result for the period	9904	€-6k	€-50k	€3k
Result to be appropriated	9905	€-6k	€-50k	€3k

Legal Structure

NACE primary	Retail sale of electrical household appliances(47540)
Legal form	Private limited company (pre-2019)(015)
Incorporation	31-12-1990
Status	Active
Postal code	9250

Establishment units 1 location

H.T.C.

Heidestraat 34, 9250 WaasmunsterCrop and animal production, hunting and related service activities

since 19912.051.021.250

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42023B0287/00V000	Flanders	3,319 m²	1 · 476 m²	9.3 m · 1 fl.

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 11 events

All 12Financial 1Gazette 1Filings 10

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

2026

22-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Weakest financial yearnet €-50k ▼1855%

Net result drops to €-50k, the lowest in the series; recovery starts the following year.

29-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 29 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

25-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 25 days late

2020

04-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 35 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 30 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

2004

28-01

State Gazette act Minor change

Other address change

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 22 years ago

2004

28-01-2004 Publication in the Belgian Official Gazette, Minor change Minor change

Summary: Other address change

Original publication ↗

Technical details

{
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "DENDERMONDE",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2004-01-28",
    "filing_date": "2003-12-31",
    "act_kind_objet": "BUITENGEWONE ALGEMENE VERGADERING"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2003-12-31",
    "unanimous": null
  },
  "agm_change": null,
  "detected_kind": "other_address_change",
  "other_address": {
    "action": "modified",
    "purpose": "statutaire_zetel",
    "address_new": "Heidestraat 34",
    "address_old": "GUIDO GEZELLELAAN 64",
    "effective_date": "2004-01-01",
    "effective_date_is_approximate": false
  },
  "mandate_renewal": null,
  "subject_company": {
    "kbo": "0442.393.739",
    "name_full": "HTC",
    "legal_form": "NAAMLOZE VENNOOTSCHAP"
  },
  "accounts_deposit": null,
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null
  },
  "co_filed_documents": [],
  "fiscal_year_change": null,
  "liquidation_closure": null,
  "officer_designation": null,
  "special_procuration": null,
  "is_volet_a_only_stub": true,
  "vakbekwaamheid_change": null,
  "should_reroute_to_category": null,
  "single_shareholder_declaration": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Retail sale of electrical household appliances4754052450

Names & trade names

Legal nameNL

HTC

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