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 2 fiscal years.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
Hite Europe from Harelbeke, company number BE1008567002, closed financial year 2025 with a result of € -879,492 after tax. For that financial year Hite Europe recorded a gross margin of € -515,941 and equity of € -289,795. Compared with financial year 2024, the result moved from € 589,697 to € -879,492. 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 15, 2026.
€ -289,795
▼ € 2.9 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -879,492
▼ still € 589,697 profit in 2024
Profit after tax over the fiscal year.
€ 454,533
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -879,492.
People and assets in 2025
3.1
▲ 2.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 253,868
▲ € 213,062 vs 2024
€ 81,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 88,359
▲ 146% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 88,365
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 42,515
▼ 83% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 855,279 | € -515,941 | ▼ € 1.4 million |
| Profit after taxes | € 589,697 | € -879,492 | ▼ € 1.5 million |
| Equity | € 2,589,697 | € -289,795 | ▼ € 2.9 million |
| Total debts | € 10,829,957 | € 4,862,306 | ▼ 55% |
| Cash | € 3,983,392 | € 454,533 | ▼ 89% |
| Retained profit | € 589,697 | € -879,492 | ▼ € 1.5 million |
| Balance sheet total | € 13,419,654 | € 4,572,511 | ▼ 66% |
| Employees (FTE) | 0.8 | 3.1 | ▲ 2.3 |
Key figures of Hite Europe, fiscal years 2024 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 Hite Europe?
What happened at Hite Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- Jianfeng CHEN became a director. NBB
- Jing (Eva) CHEN became a director. NBB
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 589,697 profit in 2024 to € 879,492 loss in 2025.
Paid € 201,938 in corporate taxes since 2024.
Best year ever: 2024, with € 589,697 profit.
Management
The stake of RENOWVOLT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Hite EuropeBehind Hite Europe are Jianfeng CHEN and Jing (Eva) CHEN. The shares are held by RENOWVOLT (50%).
Directors
According to the 2025 annual accounts
Jianfeng CHEN
Director
since 2024
Jing (Eva) CHEN
Director
since 2024
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Spoorwegstraat 24
8530 Harelbeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1008.567.002
- VAT number
- BE 1008.567.002
- Registered office
- Spoorwegstraat 24, 8530 Harelbeke
- Names & denominations
- Hite Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 April 2024
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Installatie van industriële machines, toestellen en werktuigen
Handel in elektriciteit
Overige bouwinstallatie
Overige zakelijke dienstverlening, neg
Overige bouwinstallatie, n.e.g.