HUBIEGROUP
ActiveSummary
HUBIEGROUP has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €740k and a net result of €173k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▲+41
Solvency66▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.06 in 2023; short-term debt: 21.1% and cash: 0.3% of total assets), but 59.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
2 d late
2022
29 d late
2021
29 d late
2020
27 d late
2019
9 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€740k▲ 30.5%
2023 · €567k
2018: €306k
2019: €519k
2020: €574k
2021: €595k
2022: €619k
2023: €567k
2018 → 2024
Total assets
€1.82M▲ 8.9%
2023 · €1.67M
2018: €449k
2019: €1.83M
2020: €1.80M
2021: €2.06M
2022: €1.73M
2023: €1.67M
2018 → 2024
Net result
€173k
2023 · €-52k
2018: €181k
2019: €213k
2020: €55k
2021: €21k
2022: €89k
2023: €-52k
2018 → 2024
Working capital
€218k▲ 986%
2023 · €20k
2018: €235k
2019: €287k
2020: €172k
2021: €393k
2022: €122k
2023: €20k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€574k-€595k▲ 3.7%€619k▲ 4.0%€567k▼ 8.5%€740k▲ 30.5%
Operating result€106k-€94k▼ 12.0%€93k▼ 0.9%€-19k€238k
Net result€55k-€21k▼ 61.2%€89k▲ 316%€-52k€173k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €238k after a loss of €19k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.82M
Fixed assets
€1.22M ▼ 8.0%
Current assets
€600k ▲ 73.4%
Equity and liabilities €1.82M
Equity
€740k ▲ 30.5%
Debt
€1.08M ▼ 2.2%
Debt's share of the balance-sheet total falls from 66.0% to 59.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€326k▲
2023 · €84k
Cash flow
€260k▲
2023 · €51k
Current ratio
1.57▲
2023 · 1.06
Debt to equity
1.46▼
2023 · 1.94
ROE
23.3%▲
2023 · -9.2%
ROA
9.5%▲
2023 · -3.1%
Interest coverage
13.83▲
2023 · 3.04
Debt ≤ 1 year
€383k▲
2023 · €326k
Debt > 1 year
€695k▼
2023 · €775k
Income taxes
€42k▲
2023 · €6k
Staff costs
€-31k▼
2023 · €89k
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 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.67M€1.82M▲
Fixed assets21/28€1.32M€1.22M▼
Tangible fixed assets22/27€1.32M€1.22M▼
Land and buildings22€1.15M€1.11M▼
Plant, machinery and equipment23€139k€100k▼
Furniture and vehicles24€32k€6k▼
Financial fixed assets28€500€500=
Current assets29/58€346k€600k▲
Amounts receivable within one year40/41€298k€594k▲
Trade receivables40€221k€435k▲
Other amounts receivable41€77k€159k▲
Cash at bank and in hand54/58€48k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.67M€1.82M▲
Equity10/15€567k€740k▲
Contributions10/11€20k€19k▼
Reserves13€599k€721k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€599k€721k▲
Profit (loss) carried forward14€-52k€0▲
Amounts payable17/49€1.10M€1.08M▼
Amounts payable after more than one year17€775k€695k▼
Financial debts170/4€775k€695k▼
Amounts payable within one year42/48€326k€383k▲
Current portion of amounts payable after more than one year42€105k€113k▲
Trade debts44€91k€138k▲
Suppliers440/4€91k€138k▲
Taxes, remuneration and social security45€63k€66k▲
Taxes450/3€23k€66k▲
Remuneration and social security454/9€39k€0▼
Other amounts payable47/48€67k€65k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€11k€14k▲
Remuneration, social security and pensions62€89k€-31k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€88k▼
Other operating charges640/8€13k€26k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€186k€320k▲
Operating profit (loss)9901€-19k€238k▲
Financial income75/76B€126€59▼
Recurring financial income75€126€59▼
Financial charges65/66B€28k€24k▼
Recurring financial charges65€28k€24k▼
Profit (loss) for the period before taxes9903€-47k€215k▲
Income taxes67/77€6k€42k▲
Profit (loss) for the period9904€-52k€173k▲
Profit (loss) for the period to be appropriated9905€-52k€173k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€120k▲
Profit (loss) brought forward from the previous period14P-€-52k
Transfer to equity691/2€0€120k▲
To the legal reserve6920€0-
To other reserves6921-€120k
Profit to be distributed694/7€0-
Directors or managers695€0-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €173k
Net result €173k after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
31-12
Financial
Weakest financial yearnet €-52k ▼159%
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
09-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 9 days late
2019
31-12
Financial
Highest result since 2018net €213k ▲17.7%
Net result €213k, the highest in the series.
31-12
Financial
Equity above €500kEq €519k ▲69.5%
2 profitable years in a row build equity to €519k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
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, Herk-de-Stad · 1 establishment unit since 2015
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.
Industrieweg 11623540 Herk-de-StadGround area
4,957 m²
Building footprint
2,221 m²
Volume, LiDAR
11,655 m³
Parcel 71024A0245/00S000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hubiegroup
since 20152.248.559.176
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024A0245/00S000 | Flanders | 4,957 m² | 1 · 2,221 m² | 7.6 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 507 EUR awarded · 507 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 507 EUR | 507 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
984500B9864BD05BF603
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Of 607 companies in sector 43130 we hold annual accounts for 302. 186 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
Founded18-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43130Specialised construction activities
61100Wired, wireless and satellite telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.