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 3 of the last 3 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 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HY RACING from Plombières, company number BE0799892286, closed financial year 2025 with a result of € -863,333 after tax. For that financial year HY RACING recorded a gross margin of € -842,350 and equity of € -2.3 million. Compared with financial year 2024, the result moved from € -947,190 to € -863,333. 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 September 29, 2026.
€ -2.3 million
▼ € 863,333 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -863,333
▲ 9 % less loss than in 2024
Profit after tax over the fiscal year.
€ 34,494
▲ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.4 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 232,867
▲ 230% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -540,232 | € -935,433 | € -842,350 | ▲ € 93,083 |
| Profit after taxes | € -541,929 | € -947,190 | € -863,333 | ▲ € 83,858 |
| Equity | € -521,929 | € -1,469,120 | € -2,332,452 | ▼ € 863,333 |
| Total debts | € 659,451 | € 1,561,959 | € 2,571,036 | ▲ 65% |
| Cash | € 2,186 | € 17,990 | € 34,494 | ▲ 92% |
| Retained profit | € -541,929 | € -1,489,120 | € -2,352,452 | ▼ € 863,333 |
| Balance sheet total | € 137,522 | € 92,839 | € 238,583 | ▲ 157% |
Key figures of HY RACING, fiscal years 2023 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 HY RACING?
What happened at HY RACING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 863,333. filed late Source: NBB ↗
- New establishment in Plombières. KBO
- Start of the company according to the CBE. KBO
- Olivier Muytjens became a director. NBB
- Brice Pineau became a director. NBB
In short
From € 541,929 loss in 2023 to € 863,333 loss in 2025.
Management
Behind HY RACING are Olivier Muytjens and Brice Pineau. Brice Pineau is also behind HY CARS.
Directors
According to the 2025 annual accounts
Olivier Muytjens
Managing director
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Rue d'Aix 64
4850 Plombières
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0799.892.286
- VAT number
- BE 0799.892.286
- Registered office
- Rue d'Aix 64, 4850 Plombières
- Names & denominations
- HY RACING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 2023
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Sport- en recreatieonderwijs
Activiteiten op het gebied van voeding
Exploitatie van sportaccommodaties
Overige menselijke gezondheidszorg, n.e.g.