Het Hinkelspel
ActiveHet Hinkelspel has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.36M and a net result of €86k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 79% of 800 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+2
Solvency88▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.63 against 2.23 in 2024; short-term debt: 20.7% and cash: 13.4% of total assets), and 37.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.5%
Return on assets
4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
31 d early
2023
31 d early
2022
31 d early
2021
1 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.36M▲ 6.3%
2024 · €1.28M
2018: €846k
2019: €935k
2020: €1.03M
2021: €1.12M
2022: €1.18M
2023: €1.27M
2024: €1.28M
2018 → 2025
Total assets
€2.17M▼ 1.9%
2024 · €2.22M
2018: €1.72M
2019: €2.06M
2020: €2.20M
2021: €2.21M
2022: €2.19M
2023: €2.22M
2024: €2.22M
2018 → 2025
Net result
€86k▲ 60.0%
2024 · €54k
2018: €44k
2019: €98k
2020: €119k
2021: €106k
2022: €85k
2023: €109k
2024: €54k
2018 → 2025
Working capital
€735k▲ 15.8%
2024 · €635k
2018: €441k
2019: €461k
2020: €527k
2021: €643k
2022: €661k
2023: €660k
2024: €635k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.12M-€1.18M▲ 4.9%€1.27M▲ 7.4%€1.28M▲ 1.0%€1.36M▲ 6.3%
Operating result€158k-€131k▼ 17.1%€157k▲ 19.4%€86k▼ 45.0%€116k▲ 34.4%
Net result€106k-€85k▼ 19.5%€109k▲ 28.2%€54k▼ 50.5%€86k▲ 60.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 34% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.17M
Fixed assets
€988k▼ 7.2%
Current assets
€1.19M▲ 3.0%
Equity and liabilities €2.17M
Equity
€1.36M▲ 6.3%
Debt
€814k▼ 13.2%
The debt ratio falls from 42.3% to 37.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€253k▲
2024 · €219k
Cash flow
€223k▲
2024 · €187k
Solvency
62.5%▲
2024 · 57.7%
Current ratio
2.63▲
2024 · 2.23
Quick ratio
1.56▲
2024 · 1.39
Debt / equity
0.60▼
2024 · 0.73
ROE
6.3%▲
2024 · 4.2%
ROA
4.0%▲
2024 · 2.4%
Interest coverage
16.87▲
2024 · 10.67
Debt
€814k▼
2024 · €937k
Debt ≤ 1 year
€451k▼
2024 · €516k
Debt > 1 year
€291k▼
2024 · €357k
Income taxes
€23k▲
2024 · €14k
Staff costs
€601k▼
2024 · €629k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.22M€2.17M▼
Fixed assets21/28€1.06M€988k▼
Intangible fixed assets21€5k€4k▼
Tangible fixed assets22/27€1.05M€978k▼
Land and buildings22€882k€831k▼
Plant, machinery and equipment23€141k€123k▼
Furniture and vehicles24€31k€24k▼
Financial fixed assets28€6k€6k=
Current assets29/58€1.15M€1.19M▲
Stocks and contracts in progress3€434k€481k▲
Stocks30/36€434k€481k▲
Amounts receivable within one year40/41€280k€297k▲
Trade receivables40€256k€269k▲
Other amounts receivable41€24k€29k▲
Current investments50/53€230k€93k▼
Cash at bank and in hand54/58€161k€291k▲
Deferred charges and accrued income490/1€46k€24k▼
Equity and liabilities
Total equity and liabilities10/49€2.22M€2.17M▼
Equity10/15€1.28M€1.36M▲
Contributions10/11€469k€486k▲
Reserves13€809k€873k▲
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Tax-exempt reserves132€58k€58k=
Distributable reserves133€747k€811k▲
Investment grants15€468€322▼
Amounts payable17/49€937k€814k▼
Amounts payable after more than one year17€357k€291k▼
Financial debts170/4€357k€291k▼
Amounts payable within one year42/48€516k€451k▼
Current portion of amounts payable after more than one year42€70k€67k▼
Trade debts44€290k€245k▼
Suppliers440/4€290k€245k▼
Advances received on contracts in progress46€55k€51k▼
Taxes, remuneration and social security45€101k€87k▼
Taxes450/3€5k€13k▲
Remuneration and social security454/9€96k€74k▼
Accrued charges and deferred income492/3€64k€73k▲
Income statement
Code20242025
Remuneration, social security and pensions62€629k€601k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€133k€137k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€-3k▼
Other operating charges640/8€16k€23k▲
Gross operating margin9900€862k€874k▲
Operating profit (loss)9901€86k€116k▲
Financial income75/76B€2k€8k▲
Recurring financial income75€2k€8k▲
Financial charges65/66B€21k€15k▼
Recurring financial charges65€21k€15k▼
Profit (loss) for the period before taxes9903€67k€109k▲
Income taxes67/77€14k€23k▲
Profit (loss) for the period9904€54k€86k▲
Profit (loss) for the period to be appropriated9905€54k€86k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€86k▲
Transfer from equity791/2-€22k
Transfer to equity691/2€14k€86k▲
To other reserves6921€14k€86k▲
Profit to be distributed694/7€40k€22k▼
Return on contributions (dividend)694€40k€22k▼
Social balance
Average headcount (FTE)908711.610.8▼
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €119k ▲21.4%
Operating result €166k, net result €119k, both a record.
31-12
Financial
Equity above €1MEq €1.03M ▲9.8%
3 profitable years in a row build equity to €1.03M.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 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, Evergem · 2 establishment units since 1983
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.
Weststraat 1349940 EvergemGround area
2,599 m²
Building footprint
892 m²
Volume, LiDAR
6,810 m³
2 parcels, Flanders · tallest building 19.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Ferdinand Lousbergskaai 33, 9000 Gent
since 19832.021.320.345
Het Hinkelspel
since 20092.178.384.428
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44066D0416/00G000 | Flanders | 1,843 m² | 1 · 147 m² | 8.8 m · 2 fl. |
| 44804D3670/00Z003 | Flanders | 756 m² | 1 · 745 m² | 19.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 5,686 EUR awarded · 5,581 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 105 EUR | 533 EUR |
| 2024 | 1 | 533 EUR | 1,020 EUR |
| 2023 | 1 | 3,600 EUR | 2,580 EUR |
| 2022 | 1 | 1,448 EUR | 1,448 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesEvergem2.178.384.428
Gent2.021.320.345
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Of 273 companies in sector 10510 we hold annual accounts for 121. 63 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded19-11-1982
Fiscal year end31-12
Activities, NACEBEL
10510Manufacture of food products
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.