Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HARD ELEC from Manhay, company number BE0474339797, closed financial year 2025 with a result of € -38,433 after tax. For that financial year HARD ELEC recorded a gross margin of € 2,220 and equity of € -33,765. Compared with financial year 2024, the result moved from € -25,470 to € -38,433. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 14, 2026.
€ -33,765
▼ € 38,433 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,433
▼ 51 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3,074
▼ 74% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -52,765.
People and assets in 2025
€ 60,135
▲ 121% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 67,456
▼ 24% vs 2024
€ 4,034 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 18,994
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 8,884 | € 54,448 | € -3,777 | € 2,220 | ▲ € 5,997 |
| Profit after taxes | € -19,027 | € 7,732 | € -25,470 | € -38,433 | ▼ € 12,963 |
| Equity | € 22,407 | € 30,138 | € 4,668 | € -33,765 | ▼ € 38,433 |
| Total debts | € 171,301 | € 173,143 | € 174,070 | € 193,002 | ▲ 11% |
| Cash | € 13,349 | € 30,399 | € 11,776 | € 3,074 | ▼ 74% |
| Land & buildings | € 86,272 | € 79,601 | € 72,931 | € 66,261 | ▼ 9% |
| Retained profit | € 3,407 | € 11,138 | € -14,332 | € -52,765 | ▼ € 38,433 |
| Bank debt | € 128,561 | € 102,879 | € 88,941 | € 67,456 | ▼ 24% |
| Balance sheet total | € 193,707 | € 203,282 | € 178,738 | € 159,236 | ▼ 11% |
Key figures of HARD ELEC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HARD ELEC?
What happened at HARD ELEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 38,433. filed late Source: NBB ↗
- New establishment in La Roche-en-Ardenne. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,027 loss in 2022 to € 38,433 loss in 2025.
Paid € 232 in corporate taxes since 2022.
Best year ever: 2023, with € 7,732 profit.
Establishments
Establishment units
Physical locations of this company
Rue du Vicinal 42
6960 Manhay
Samrée 61
6982 La Roche-en-Ardenne
Active since 18 April 2001
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
WIX_COM, IL
Website info
Features
Security
Details
- Company number
- 0474.339.797
- VAT number
- BE 0474.339.797
- Registered office
- Rue du Vicinal 42, 6960 Manhay
- Names & denominations
- HARD ELEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 March 2001
- Peppol
- Active · Active since 16 Dec 2025
- Contact
- hard-elec.be 0475 71 36 34
- Activities · NACE
Algemene elektrotechnische installatiewerken
Elektrische installatie
Algemene bouw van residentiële gebouwen