Summary
HIDE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €9.3m and a net result of €1.0m. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 42% of 2413 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-11-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
21 d early
2023
13 d late
2022
37 d late
2021
31 d early
2020
1 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€9.3m▲ 12.1%
2024 · €8.3m
Net result
€1.0m
2024 · -€245,192
Total assets
€17.9m▲ 14.9%
2024 · €15.5m
Solvency
52.2%▼ 1.3pp
2024 · 53.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,412▼ 4.3%-€5,821▼ 7.5%-€8,135▼ 39.8%-€39,757▼ 389%-€868,263▼ 2,084%
Net result-€10,971below the sector's middle half▲ 68.1%-€5,844below the sector's middle half▲ 46.7%-€80,123below the sector's middle half▼ 1,271%-€245,192below the sector's middle half▼ 206%€1.0mabove the sector's middle half
Equity€8.7mabove the sector's middle half▼ 0.1%€8.6mabove the sector's middle half▼ 0.1%€8.6mabove the sector's middle half▼ 0.9%€8.3mabove the sector's middle half▼ 2.9%€9.3mwithin the sector's middle half▲ 12.1%
Total assets€16.0mabove the sector's middle half▲ 0.2%€15.6mabove the sector's middle half▼ 2.3%€15.6mabove the sector's middle half▼ 0.1%€15.5mabove the sector's middle half▼ 0.2%€17.9mwithin the sector's middle half▲ 14.9%
Debt€7.3m▲ 0.6%€7.0m▼ 5.0%€7.0m▲ 0.9%€7.2m▲ 3.0%€8.5m▲ 18.1%
Working capital€66,110▼ 7.6%€58,638▼ 11.3%€38,504▼ 34.3%-€104,231€234,617
Solvency54.2%within the sector's middle half▼ 0.2pp55.4%within the sector's middle half▲ 1.2pp55.0%within the sector's middle half▼ 0.4pp53.5%within the sector's middle half▼ 1.5pp52.2%within the sector's middle half▼ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €868,263 in 2025 against €39,757 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.9m
Fixed assets
€17.6m ▲ 13.4%
Current assets
€242,964 ▲ 2,944%
Equity and liabilities €17.9m
Equity
€9.3m ▲ 12.1%
Debt
€8.5m ▲ 18.1%
Debt's share of the balance-sheet total rises from 46.5% to 47.8%. Equity and debt are higher.
Key figures and ratios
ROE
10.8%▲
2024 · -2.9%
ROA
5.6%▲
2024 · -1.6%
Debt ≤ 1 year
€8,347▼
2024 · €112,212
Debt > 1 year
€7.6m▲
2024 · €6.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating charges60/66A | - | - | - | - | €868,263 | - |
| Services and other goods61 | - | - | - | - | €46,753 | - |
| Other operating charges640/8 | - | €1,573 | €1,740 | €4,619 | €1,390 | ▼ 69.9% |
| Non-recurring operating charges66A | - | - | - | - | €820,120 | - |
| Gross operating margin9900 | -€3,564 | -€4,247 | -€6,394 | -€35,138 | - | - |
| Operating profit (loss)9901 | -€5,412 | -€5,821 | -€8,135 | -€39,757 | -€868,263 | ▼ 2,084% |
| Financial income75/76B | - | - | - | - | €2.1m | - |
| Recurring financial income75 | - | - | - | - | €211 | - |
| Other financial income752/9 | - | - | - | - | €211 | - |
| Non-recurring financial income76B | - | - | - | - | €2.1m | - |
| Financial charges65/66B | - | €23 | €71,989 | €205,435 | €203,150 | ▼ 1.1% |
| Recurring financial charges65 | €5,559 | €23 | €71,989 | €205,435 | €203,150 | ▼ 1.1% |
| Debt charges650 | - | - | - | - | €202,740 | - |
| Other financial charges652/9 | - | - | - | - | €409 | - |
| Profit (loss) for the period before taxes9903 | -€10,971 | -€5,844 | -€80,123 | -€245,192 | €1.0m | ▲ 511% |
| Profit (loss) for the period9904 | -€10,971 | -€5,844 | -€80,123 | -€245,192 | €1.0m | ▲ 511% |
| Profit (loss) for the period to be appropriated9905 | -€10,971 | -€5,844 | -€80,123 | -€245,192 | €1.0m | ▲ 511% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16.0m | €15.6m | €15.6m | €15.5m | €17.9m | ▲ 14.9% |
| Fixed assets21/28 | €15.5m | €15.5m | €15.5m | €15.5m | €17.6m | ▲ 13.4% |
| Financial fixed assets28 | €15.5m | €15.5m | €15.5m | €15.5m | €17.6m | ▲ 13.4% |
| Affiliated companies280/1 | - | - | - | - | €17.6m | - |
| Participating interests280 | - | - | - | - | €17.6m | - |
| Current assets29/58 | €430,300 | €62,132 | €43,147 | €7,981 | €242,964 | ▲ 2,944% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €428,957 | €25,011 | €41,162 | €7,903 | €127,670 | ▲ 1,515% |
| Trade receivables40 | - | - | €201 | €2,562 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €25,011 | €40,961 | €5,342 | €127,670 | ▲ 2,290% |
| Cash at bank and in hand54/58 | €1,343 | €37,121 | €1,985 | €77 | €115,294 | ▲ 148,936% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16.0m | €15.6m | €15.6m | €15.5m | €17.9m | ▲ 14.9% |
| Equity10/15 | €8.7m | €8.6m | €8.6m | €8.3m | €9.3m | ▲ 12.1% |
| Contributions10/11 | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Capital10 | - | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Issued capital100 | - | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Reserves13 | €310,868 | €310,868 | €310,868 | €310,868 | €361,279 | ▲ 16.2% |
| Non-distributable reserves130/1 | - | €310,868 | €310,868 | €310,868 | €361,279 | ▲ 16.2% |
| Legal reserve130 | - | €310,868 | €310,868 | €310,868 | €361,279 | ▲ 16.2% |
| Profit (loss) carried forward14 | €3.9m | €3.9m | €3.9m | €3.6m | €4.6m | ▲ 26.6% |
| Amounts payable17/49 | €7.3m | €7.0m | €7.0m | €7.2m | €8.5m | ▲ 18.1% |
| Amounts payable after more than one year17 | €6.9m | €6.9m | €6.9m | €6.9m | €7.6m | ▲ 10.4% |
| Financial debts170/4 | - | €6.9m | €6.9m | €6.9m | €7.6m | ▲ 10.4% |
| Other loans174 | - | - | - | - | €7.6m | - |
| Amounts payable within one year42/48 | €364,190 | €3,494 | €4,643 | €112,212 | €8,347 | ▼ 92.6% |
| Trade debts44 | €495 | €424 | €2,754 | €32,031 | €4,094 | ▼ 87.2% |
| Suppliers440/4 | - | €424 | €2,754 | €32,031 | €4,094 | ▼ 87.2% |
| Taxes, remuneration and social security45 | - | - | - | €78,325 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €78,325 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €3,069 | €1,889 | €1,857 | €4,254 | ▲ 129% |
| Accrued charges and deferred income492/3 | - | - | €71,965 | €203,908 | €896,837 | ▲ 340% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,971 | -€5,844 | -€80,123 | -€245,192 | €1.0m | ▲ 511% |
| Operating cash flow (approximation) | -€10,971 | -€5,844 | -€80,123 | -€245,192 | €1.0m | ▲ 511% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2.1m | - |
| Change in cash | - | €35,778 | -€35,136 | -€1,908 | €115,217 | ▲ 6,139% |
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
2025
21-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 21 days late
31-03
Financial
Back to profitnet €1.0m
Net result €1.0m after 6 loss-making years.
31-03
Financial
Liquidity times 409current ratio 29.11
Current ratio from 0.07 to 29.11; short-term debt falls from €112,212 to €8,347.
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€245,192
Net result drops to -€245,192, the lowest in the series; recovery starts the following year.
2023
13-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 13 days late
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 37 days late
31-03
Financial
Liquidity times 15current ratio 17.78
Current ratio from 1.18 to 17.78; short-term debt falls from €364,190 to €3,494.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
18-10
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.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Gent
Ground area
1.1 ha
Building footprint
3,127 m²
Volume, LiDAR
43,418 m³
Parcel 44074C0573/00F000, Flanders · tallest building 28.4 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074C0573/00F000 | Flanders | 1.1 ha | 1 · 3,127 m² | 28.4 m · 5 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.
Structure & network
Owners and holdings
1 owner · 3 holdingsChain of control
- DSM MANAGEMENT
- HIDE
Highest known parent: DSM MANAGEMENT. The sources do not say who stands above it.
Owners 1
- DSM MANAGEMENTparent66.67%
Holdings 3
-
99.98%
-
99.95%
-
99.38%
According to the annual accounts to 31-03-2025 of HIDE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 186 companies in sector 64910 we hold annual accounts for 138. 76 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-06-2010
Fiscal year end31-03
Activities, NACEBEL 2025
64910Financial service activities, except insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0827387729
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.