Checked.be
Active
BE 0459.672.904Private limited company
HI
Av. de l'Escavée Rouge, Dion-V. 4 ·1325 Chaumont-Gistoux, Belgium· 29 yrs active
Sector: Advertising agencies
(73110)
Conclusion
HI has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79k and a net result of €-1k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 95% of 696 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €79k |
| Net result | €-1k |
| Better than sector | 95% |
| Active | 29 yrs |
Financial profile
57
/ 100
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1996, 29 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
52
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€4k
estimate, not credit advice
Score history
61
2022
86
2023
70
2024
52
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 35.59 (≥ 1.5)
+10
Quick ratio
Quick ratio 35.59 (≥ 1.0)
+5
Leverage
Debt/equity 0.03 (< 1.0)
+10
Profitability
Negatieve ROE -2%
-10
Interest coverage
Interest coverage -3.3× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 10-07-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±0.2%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 73, Advertising, market research and public relations activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 97.2% | 42.1% | |
| Net result | €-1k | €30k | |
| Equity | €79k | €447k | |
| Gross operating margin | €-99 | €154k | |
| Total assets | €81k | €1.33M |
€-622
-
22-25
€-1k
-1339.1%
22-25
€-522
-
22-25
€81k
-3.3%
22-25
€79k
-1.6%
22-25
€79k
-0.7%
22-25
€50
-3.8%
22-25
€2k
-40.4%
22-25
€2k
-40.4%
22-25
35.59
+63.6%
22-25
35.59
+63.6%
22-25
97.2%
+1.8%
22-25
0.03
-39.5%
22-25
-1.6%
-1361.8%
22-25
-1.5%
-1388.4%
22-25
-3.29
-
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €-622 | €444 | €3k | €4k |
| Net profit | €-1k | €-87 | €3k | €3k |
| Cash flow | €-522 | €479 | €4k | €4k |
| Staff costs | - | - | - | - |
| Income taxes | €50 | €52 | - | - |
| Dividends | - | - | - | - |
| Total assets | €81k | €84k | €81k | €80k |
| Equity | €79k | €80k | €81k | €80k |
| Debt | €2k | €4k | €36 | - |
| of which ≤ 1y | €2k | €4k | €36 | - |
| of which > 1y | - | - | - | - |
| Working capital | €79k | €79k | €79k | - |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 35.59 | 21.75 | 2205.22 | - |
| Quick ratio | 35.59 | 21.75 | 2205.22 | - |
| Working capital ratio | 96.4% | 93.8% | 98.5% | - |
| Solvency | 97.2% | 95.5% | 100.0% | 100.0% |
| Debt / equity | 0.03 | 0.05 | 0.00 | - |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | -3.29 | 5.48 | 56.57 | 86.02 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -1.5% | -0.1% | 3.7% | 3.9% |
| ROE | -1.6% | -0.1% | 3.7% | 3.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €81k | €84k | €81k | €80k |
| Fixed assets | 21/28 | €647 | €1k | €1k | €2k |
| Tangible fixed assets | 22/27 | €647 | €1k | €1k | €2k |
| Current assets | 29/58 | €81k | €83k | €79k | €78k |
| Amounts receivable within one year | 40/41 | €70k | €58k | €40k | €33k |
| Cash & bank | 54/58 | €10k | €25k | €39k | €46k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €81k | €84k | €81k | €80k |
| Equity | 10/15 | €79k | €80k | €81k | €80k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €95k | €95k | €95k | €95k |
| Accumulated profits (losses) | 14 | €-22k | €-21k | €-21k | €-21k |
| Amounts payable | 17/49 | €2k | €4k | €36 | - |
| Amounts payable within one year | 42/48 | €2k | €4k | €36 | - |
| Trade debts payable within one year | 44 | €2k | €4k | €36 | - |
| Income statement | |||||
| Gross operating margin | 9900 | €-99 | €962 | €4k | €5k |
| Operating result | 9901 | €-1k | €-122 | €3k | €3k |
| Financial income | 75 | €339 | €168 | €172 | - |
| Financial charges | 65 | €189 | €81 | €60 | €48 |
| Result before taxes | 9903 | €-1k | €-35 | €3k | €3k |
| Income taxes | 67/77 | €50 | €52 | - | - |
| Net result for the period | 9904 | €-1k | €-87 | €3k | €3k |
| Result to be appropriated | 9905 | €-1k | €-87 | €3k | €3k |
Legal Structure
| NACE primary | Advertising agencies(73110) |
| Legal form | Private limited company(610) |
| Incorporation | 30-12-1996 |
| Status | Active |
| Postal code | 1325 |
Establishment units
Av. de l'Escavée Rouge, Dion-V. 4, 1325 Chaumont-Gistoux
since 19992.079.978.225
Updates
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Advertising agencies7311074401
Names & trade names
| Legal nameFR | HI |
| AbbreviationFR | HI |
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