HIDES CONSULT
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 15-06-2026 at the NBB all 9 filings
Turnover
≈ €120,000
Estimated: probably between €65,000 and €230,000
Total assets
€1.4m▲ 0.9%
2024 · €1.4m
Net result
€24,869▼ 95.5%
2024 · €546,996
Working capital
€337,716▲ 8.9%
2024 · €310,233
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€34,146
▼ 57.3%
2025
20182025
Net result
€24,869
▼ 95.5%
2025
20182025
Equity
€1.4m
▲ 1.8%
2025
20182025
Total assets
€1.4m
▲ 0.9%
2025
20182025
Debt
€1,211
▼ 91.4%
2025
20182025
Working capital
€337,716
▲ 8.9%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.06m-€0.06m▼ 0.7%€0.06m▲ 0.1%€0.08m▲ 30.9%€0.09m▲ 11.3%€0.08m▼ 17.0%€0.08m▲ 3.2%€0.03m▼ 57.3%
Net result€0.09m-€0.2m▲ 93.0%€0.2m▲ 1.5%€0.3m▲ 86.8%€0.2m▼ 48.6%€0.2m▼ 10.3%€0.5m▲ 246%€0.02m▼ 95.5%
Equity€0.3m-€0.5m▲ 64.1%€0.6m▲ 39.6%€1.0m▲ 53.0%€1.2m▲ 17.8%€1.3m▲ 13.6%€1.4m▲ 2.8%€1.4m▲ 1.8%
Total assets€1.1m-€1.1m▲ 1.2%€1.1m▲ 2.3%€1.1m▼ 1.3%€1.2m▲ 9.8%€1.4m▲ 11.8%€1.4m▲ 1.5%€1.4m▲ 0.9%
Debt€0.8m-€0.6m▼ 21.0%€0.5m▼ 25.1%€0.1m▼ 75.7%€0.05m▼ 59.4%€0.03m▼ 33.1%€0.01m▼ 54.5%€0.001m▼ 91.4%
Working capital-€0.05m--€0.06m▼ 10.2%-€0.4m▼ 567%-€0.05m▲ 86.3%€0.1m€0.3m▲ 137%€0.3m▲ 13.0%€0.3m▲ 8.9%
The operating result for 2025 is 57% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.1m ▼ 0.1%
Current assets
€337,774 ▲ 4.1%
Equity and liabilities €1.4m
Equity
€1.4m ▲ 1.8%
Debt
€1,211 ▼ 91.4%
Debt's share of the balance-sheet total falls from 1.0% to 0.1%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.01
ROE
1.8%▼
2024 · 40.2%
ROA
1.8%▼
2024 · 39.8%
Debt ≤ 1 year
€58▼
2024 · €14,158
Income taxes
€8,538▼
2024 · €17,085
A ratio outside any meaningful range has been withheld (balance sheet total €1.4m, equity €1.4m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,146 | - | - | €2,129 | - |
| Depreciation and write-downs of the year | €147 | €370 | €363 | €935 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €1,065 awarded · €1,065 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €593 | €593 | €441 | €147 | €370 | €363 | €935 | - | - |
| Other operating charges640/8 | - | - | - | €73 | €119 | €247 | €131 | €132 | ▲ 0.5% |
| Gross operating margin9900 | €65,298 | €64,832 | €64,728 | €84,141 | €93,914 | €78,156 | €81,069 | €34,278 | ▼ 57.7% |
| Operating profit (loss)9901 | €64,536 | €64,068 | €64,115 | €83,921 | €93,425 | €77,546 | €80,003 | €34,146 | ▼ 57.3% |
| Financial income75/76B | - | - | - | €300,000 | €120,000 | €97,002 | €484,078 | €733 | ▼ 99.8% |
| Recurring financial income75 | €56,000 | €160,000 | €160,000 | €300,000 | €120,000 | €97,002 | €484,078 | €733 | ▼ 99.8% |
| Financial charges65/66B | - | - | - | €7,320 | €1,033 | - | - | €1,471 | - |
| Recurring financial charges65 | €16,972 | €15,422 | €11,955 | €7,320 | €1,033 | - | - | €10 | - |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €1,461 | - |
| Profit (loss) for the period before taxes9903 | €103,564 | €208,646 | €212,160 | €376,601 | €212,392 | €174,548 | €564,082 | €33,407 | ▼ 94.1% |
| Income taxes67/77 | €9,807 | €27,677 | €28,474 | €33,481 | €36,050 | €16,377 | €17,085 | €8,538 | ▼ 50.0% |
| Profit (loss) for the period9904 | €93,757 | €180,969 | €183,686 | €343,120 | €176,343 | €158,171 | €546,996 | €24,869 | ▼ 95.5% |
| Profit (loss) for the period to be appropriated9905 | €93,757 | €180,969 | €183,686 | €343,120 | €176,343 | €158,171 | €546,996 | €24,869 | ▼ 95.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.1m | €1.2m | €1.4m | €1.4m | €1.4m | ▲ 0.9% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.1% |
| Tangible fixed assets22/27 | €0.001m | €441 | - | €0.001m | €0.001m | €266 | €0.001m | - | - |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.001m | €266 | €0.001m | - | - |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €0.03m | €0.04m | €0.07m | €0.05m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 4.1% |
| Amounts receivable within one year40/41 | €0.01m | €0.007m | - | €0.02m | - | €0.003m | €0.02m | €0.005m | ▼ 80.3% |
| Trade receivables40 | - | - | - | €0.02m | - | - | €0.02m | - | - |
| Other amounts receivable41 | - | - | - | - | - | €0.003m | €0.006m | €0.005m | ▼ 23.8% |
| Current investments50/53 | - | - | - | - | - | €0.06m | - | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.04m | €0.07m | €0.03m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 11.3% |
| Deferred charges and accrued income490/1 | - | - | - | €351 | €351 | €0.001m | €0.001m | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.1m | €1.2m | €1.4m | €1.4m | €1.4m | ▲ 0.9% |
| Equity10/15 | €0.3m | €0.5m | €0.6m | €1.0m | €1.2m | €1.3m | €1.4m | €1.4m | ▲ 1.8% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.2m | €0.4m | €0.5m | €0.9m | €1.1m | €1.2m | €1.3m | €1.3m | ▲ 2.0% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.9m | €1.1m | €1.2m | €1.3m | €1.3m | ▲ 2.0% |
| Amounts payable17/49 | €0.8m | €0.6m | €0.5m | €0.1m | €0.05m | €0.03m | €0.01m | €0.001m | ▼ 91.4% |
| Amounts payable after more than one year17 | €0.7m | €0.5m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.08m | €0.1m | €0.5m | €0.1m | €0.05m | €0.03m | €0.01m | €58 | ▼ 99.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | - | - | - | - | - |
| Trade debts44 | €0.002m | €430 | €461 | €0.001m | €0.02m | €0.02m | €0.004m | €58 | ▼ 98.5% |
| Suppliers440/4 | - | - | - | €0.001m | €0.02m | €0.02m | €0.004m | €58 | ▼ 98.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | €0.01m | €0.01m | - | - |
| Taxes450/3 | - | - | - | €0.03m | €0.03m | €0.01m | €0.01m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | - | - | - | €0.001m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93,757 | €180,969 | €183,686 | €343,120 | €176,343 | €158,171 | €546,996 | €24,869 | ▼ 95.5% |
| + Depreciation and write-downs630 | €593 | €593 | €441 | €147 | €370 | €363 | €935 | - | - |
| Operating cash flow (approximation) | €94,349 | €181,561 | €184,127 | €343,267 | €176,713 | €158,534 | €547,931 | €24,869 | ▼ 95.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,146 | €0 | €0 | -€2,129 | €1,461 | - |
| Change in cash | - | €19,352 | €32,933 | -€38,631 | €132,705 | €79,426 | €57,811 | €33,778 | ▼ 41.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-06-2026 | 2026-00165859 | |
| 31-12-2024 | abbreviated format | 27-06-2025 | 2025-00184669 | |
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00272709 | |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00254553 | |
| 31-12-2021 | abbreviated format | 23-07-2022 | 2022-20214284 | |
| 31-12-2020 | abbreviated format | 28-07-2021 | 2021-40900098 | |
| 31-12-2019 | abbreviated format | 28-07-2020 | 2020-34400580 | |
| 31-12-2018 | abbreviated format | 22-07-2019 | 2019-35200368 | |
| 31-12-2017 | abbreviated format | 13-07-2018 | 2018-32000515 |