HICKENDORF
ActiveSummary
HICKENDORF has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of €69,546. Equity remains stable across the filed fiscal years (±2.2% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 18.04 against 24.23 in 2024; short-term debt: 2.5% and cash: 4.8% of total assets), and 3.6% of the assets are financed with debt.
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Signals
Four 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
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
96.4%
Return on assets
2.9%
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
44 d early
2023
43 d early
2022
34 d early
2021
23 d late
2020
29 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 26 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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. Usually files around 27 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.3m▲ 3.1%
2024 · €2.2m
Total assets
€2.4m▲ 2.6%
2024 · €2.3m
Net result
€69,546▲ 39.4%
2024 · €49,883
Working capital
€1.0m▲ 13.8%
2024 · €906,305
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,518▼ 33.3%€81,144▲ 195%€60,372▼ 25.6%€63,094▲ 4.5%€91,468▲ 45.0%
Net result€22,722▼ 39.5%€59,048▲ 160%€52,037▼ 11.9%€49,883▼ 4.1%€69,546▲ 39.4%
Equity€2.1m▲ 1.1%€2.1m▲ 2.9%€2.2m▲ 2.4%€2.2m▲ 2.3%€2.3m▲ 3.1%
Total assets€2.2m▼ 4.4%€2.3m▲ 3.1%€2.3m▲ 2.6%€2.3m▼ 0.5%€2.4m▲ 2.6%
Debt€137,910▼ 47.2%€148,188▲ 7.5%€155,883▲ 5.2%€95,044▼ 39.0%€85,417▼ 10.1%
Working capital€630,908▲ 0.4%€765,828▲ 21.4%€796,784▲ 4.0%€906,305▲ 13.7%€1.0m▲ 13.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 45% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€1.3m ▼ 6.3%
Current assets
€1.1m ▲ 15.5%
Equity and liabilities €2.4m
Equity
€2.3m ▲ 3.1%
Debt
€85,417 ▼ 10.1%
Debt's share of the balance-sheet total falls from 4.1% to 3.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€191,778▲
2024 · €161,433
Cash flow
€169,856▲
2024 · €148,222
Current ratio
18.04▼
2024 · 24.23
Debt to equity
0.04▼
2024 · 0.04
ROE
3.0%▲
2024 · 2.2%
ROA
2.9%▲
2024 · 2.1%
Interest coverage
31.67▼
2024 · 59.63
Debt ≤ 1 year
€60,512▲
2024 · €39,016
Debt > 1 year
€24,805▼
2024 · €55,665
Income taxes
€33,142▲
2024 · €22,616
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,453 | €3,054 | €8,406 | €6,144 | €1,280 | ▼ 79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87,171 | €87,367 | €92,689 | €98,339 | €100,310 | ▲ 2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €8,091 | - | - | - |
| Other operating charges640/8 | €15,876 | €15,988 | €17,703 | €18,603 | €18,937 | ▲ 1.8% |
| Non-recurring operating charges66A | €1,400 | - | - | - | €1,382 | - |
| Gross operating margin9900 | €131,965 | €184,499 | €178,854 | €180,036 | €212,097 | ▲ 17.8% |
| Operating profit (loss)9901 | €27,518 | €81,144 | €60,372 | €63,094 | €91,468 | ▲ 45.0% |
| Financial income75/76B | €7,888 | €7,436 | €14,205 | €12,112 | €17,275 | ▲ 42.6% |
| Recurring financial income75 | €7,888 | €7,436 | €12,626 | €12,112 | €17,275 | ▲ 42.6% |
| Non-recurring financial income76B | - | - | €1,580 | - | - | - |
| Financial charges65/66B | €1,684 | €619 | €675 | €2,707 | €6,056 | ▲ 124% |
| Recurring financial charges65 | €1,684 | €619 | €675 | €2,707 | €6,056 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | €33,722 | €87,960 | €73,902 | €72,499 | €102,688 | ▲ 41.6% |
| Income taxes67/77 | €10,999 | €28,912 | €21,864 | €22,616 | €33,142 | ▲ 46.5% |
| Profit (loss) for the period9904 | €22,722 | €59,048 | €52,037 | €49,883 | €69,546 | ▲ 39.4% |
| Profit (loss) for the period to be appropriated9905 | €22,722 | €59,048 | €52,037 | €49,883 | €69,546 | ▲ 39.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.3m | €2.3m | €2.3m | €2.4m | ▲ 2.6% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 6.3% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 6.3% |
| Other tangible fixed assets26 | €1.5m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 6.3% |
| Current assets29/58 | €686,698 | €840,060 | €888,013 | €945,321 | €1.1m | ▲ 15.5% |
| Amounts receivable after more than one year29 | €300,000 | €300,000 | €285,000 | €60,000 | - | - |
| Other amounts receivable291 | €300,000 | €300,000 | €285,000 | €60,000 | - | - |
| Amounts receivable within one year40/41 | €26,569 | €29,526 | €29,952 | €30,978 | €3,089 | ▼ 90.0% |
| Trade receivables40 | €8,920 | €7,377 | €4,843 | €3,450 | €2,671 | ▼ 22.6% |
| Other amounts receivable41 | €17,649 | €22,149 | €25,109 | €27,528 | €419 | ▼ 98.5% |
| Current investments50/53 | €274,099 | €276,124 | €281,219 | €659,245 | €973,494 | ▲ 47.7% |
| Cash at bank and in hand54/58 | €86,029 | €234,410 | €288,078 | €192,818 | €113,475 | ▼ 41.1% |
| Deferred charges and accrued income490/1 | - | - | €3,764 | €2,279 | €1,686 | ▼ 26.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.3m | €2.3m | €2.3m | €2.4m | ▲ 2.6% |
| Equity10/15 | €2.1m | €2.1m | €2.2m | €2.2m | €2.3m | ▲ 3.1% |
| Contributions10/11 | €561,500 | €561,500 | €561,500 | €561,500 | €561,500 | = |
| Capital10 | €561,500 | €561,500 | €561,500 | €561,500 | - | - |
| Issued capital100 | €561,500 | €561,500 | €561,500 | €561,500 | - | - |
| Outside capital11 | - | - | - | - | €561,500 | - |
| Other1109/19 | - | - | - | - | €561,500 | - |
| Reserves13 | €1.5m | €1.6m | €1.6m | €1.7m | €1.7m | ▲ 4.2% |
| Non-distributable reserves130/1 | €20,215 | €23,465 | €26,465 | €29,465 | - | - |
| Legal reserve130 | €20,215 | €23,465 | €26,465 | €29,465 | - | - |
| Distributable reserves133 | €1.5m | €1.5m | €1.6m | €1.6m | €1.7m | ▲ 6.1% |
| Amounts payable17/49 | €137,910 | €148,188 | €155,883 | €95,044 | €85,417 | ▼ 10.1% |
| Amounts payable after more than one year17 | €82,119 | €73,955 | €64,654 | €55,665 | €24,805 | ▼ 55.4% |
| Other amounts payable178/9 | €82,119 | €73,955 | €64,654 | €55,665 | €24,805 | ▼ 55.4% |
| Amounts payable within one year42/48 | €55,791 | €74,233 | €91,229 | €39,016 | €60,512 | ▲ 55.1% |
| Trade debts44 | €15,272 | €3,113 | €7,495 | €18,752 | €10,515 | ▼ 43.9% |
| Suppliers440/4 | €15,272 | €3,113 | €7,495 | €18,752 | €10,515 | ▼ 43.9% |
| Advances received on contracts in progress46 | €6,577 | €4,221 | €5,216 | €7,519 | €7,892 | ▲ 5.0% |
| Taxes, remuneration and social security45 | - | €20,531 | €20,531 | - | €5,085 | - |
| Taxes450/3 | - | €20,531 | €20,531 | - | €5,085 | - |
| Other amounts payable47/48 | €33,941 | €46,368 | €57,986 | €12,745 | €37,019 | ▲ 190% |
| Accrued charges and deferred income492/3 | - | - | - | €364 | €100 | ▼ 72.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,722 | €59,048 | €52,037 | €49,883 | €69,546 | ▲ 39.4% |
| + Depreciation and write-downs630 | €87,171 | €87,367 | €92,689 | €98,339 | €100,310 | ▲ 2.0% |
| Operating cash flow (approximation) | €109,893 | €146,415 | €144,726 | €148,222 | €169,856 | ▲ 14.6% |
| Investment in fixed assets (approximation) | - | -€3,330 | -€104,470 | -€30,075 | -€13,804 | ▲ 54.1% |
| Change in cash | - | €148,381 | €53,667 | -€95,259 | -€79,343 | ▲ 16.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
23-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 02/03/2026
- Registered-office move, De Vraagstraat 8 te 2960 Brecht
2025
31-12
Financial
Highest result since 2018net €69,546 ▲39.4%
Operating result €91,468, net result €69,546, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 24.23
Current ratio from 9.73 to 24.23; short-term debt falls from €91,229 to €39,016.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 27.98
Current ratio from 13.76 to 27.98; short-term debt falls from €44,735 to €23,066.
31-12
Financial
Equity above €2mEq €2.0m ▲2.1%
2 profitable years in a row build equity to €2.0m.
Show earlier events
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brecht · 1 establishment unit since 1999
Ground area
4,128 m²
Building footprint
204 m²
Volume, LiDAR
977 m³
Parcel 11332K0213/00D000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
De Vraagstraat 8, 2960 Brecht
since 19992.091.079.973
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11332K0213/00D000 | Flanders | 4,128 m² | 1 · 204 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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: expect extra rules on renovation or sale.
Company details
Identification
Legal formPrivate limited company
Founded31-12-1998
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465135289
Registered
16-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.