Hiel 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 €208k and a net result of €27k. Equity is growing by ~45.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 5511 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 7 filingsDeviation from the deadline
2025
11 d late
2024
21 d early
2023
31 d late
2022
17 d early
2021
24 d late
2020
31 d late
2019
92 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€208k▼ 81.7%
2024 · €1.13M
2019: €60k
2020: €265k
2021: €435k
2022: €658k
2023: €852k
2024: €1.13M
2019 → 2025
Net result
€27k▼ 90.4%
2024 · €282k
2019: €54k
2020: €205k
2021: €171k
2022: €211k
2023: €194k
2024: €282k
2019 → 2025
Total assets
€716k▼ 43.6%
2024 · €1.27M
2019: €474k
2020: €665k
2021: €838k
2022: €851k
2023: €1.04M
2024: €1.27M
2019 → 2025
Solvency
29.1%▼ 60.4pp
2024 · 89.4%
2019: 12.6%
2020: 39.8%
2021: 52.0%
2022: 77.3%
2023: 82.2%
2024: 89.4%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€435k-€658k▲ 51.3%€852k▲ 29.5%€1.13M▲ 33.1%€208k▼ 81.7%
Operating result€242k-€289k▲ 19.5%€256k▼ 11.4%€358k▲ 39.5%€17k▼ 95.3%
Net result€171k-€211k▲ 23.6%€194k▼ 7.9%€282k▲ 45.2%€27k▼ 90.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €716k
Fixed assets
€74k▼ 34.6%
Current assets
€641k▼ 44.5%
Equity and liabilities €716k
Equity
€208k▼ 81.7%
Debt
€508k▲ 278%
The debt ratio rises from 10.6% to 70.9%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
29.1%▼
2024 · 89.4%
ROE
13.0%▼
2024 · 24.9%
ROA
3.8%▼
2024 · 22.2%
Debt
€508k▲
2024 · €134k
Debt ≤ 1 year
€481k▲
2024 · €105k
Debt > 1 year
€15k▼
2024 · €23k
Income taxes
€17k▼
2024 · €98k
Staff costs
€135k▼
2024 · €142k
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€1.27M€716k▼
Fixed assets21/28€114k€74k▼
Intangible fixed assets21€6k€962▼
Tangible fixed assets22/27€108k€73k▼
Land and buildings22€12k€7k▼
Plant, machinery and equipment23€36k€28k▼
Furniture and vehicles24€59k€38k▼
Current assets29/58€1.15M€641k▼
Amounts receivable within one year40/41€604k€528k▼
Trade receivables40€293€281▼
Other amounts receivable41€604k€527k▼
Cash at bank and in hand54/58€520k€72k▼
Deferred charges and accrued income490/1€31k€41k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€716k▼
Equity10/15€1.13M€208k▼
Contributions10/11€19k€19k=
Reserves13€1.12M€189k▼
Tax-exempt reserves132€189k€189k=
Distributable reserves133€926k€0▼
Profit (loss) carried forward14-€0
Amounts payable17/49€134k€508k▲
Amounts payable after more than one year17€23k€15k▼
Financial debts170/4€23k€15k▼
Amounts payable within one year42/48€105k€481k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€19k€3k▼
Suppliers440/4€19k€3k▼
Taxes, remuneration and social security45€15k€31k▲
Taxes450/3€6k€16k▲
Remuneration and social security454/9€8k€15k▲
Other amounts payable47/48€63k€440k▲
Accrued charges and deferred income492/3€7k€12k▲
Income statement
Code20242025
Remuneration, social security and pensions62€142k€135k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€37k▼
Other operating charges640/8€6k€5k▼
Non-recurring operating charges66A€0€4k▲
Gross operating margin9900€543k€198k▼
Operating profit (loss)9901€358k€17k▼
Financial income75/76B€29k€39k▲
Recurring financial income75€29k€39k▲
Financial charges65/66B€6k€12k▲
Recurring financial charges65€6k€12k▲
Profit (loss) for the period before taxes9903€380k€44k▼
Income taxes67/77€98k€17k▼
Profit (loss) for the period9904€282k€27k▼
Transfer to tax-exempt reserves689€84k€0▼
Profit (loss) for the period to be appropriated9905€198k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€198k€27k▼
Transfer from equity791/2-€953k
Transfer to equity691/2€198k€27k▼
To other reserves6921€198k€27k▼
Profit to be distributed694/7-€953k
Return on contributions (dividend)694-€953k
Social balance
Average headcount (FTE)90872.01.6▼
The notes to these accounts (16 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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
31-12
Financial
Weakest financial yearnet €27k ▼90.4%
Net result drops to €27k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €282k ▲45.2%
Operating result €358k, net result €282k, both a record.
31-12
Financial
Equity above €1MEq €1.13M ▲33.1%
6 profitable years in a row build equity to €1.13M.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 4.55
Current ratio from 1.49 to 4.55; short-term debt falls from €352k to €147k.
31-12
Financial
Equity above €500kEq €658k ▲51.3%
4 profitable years in a row build equity to €658k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €200kEq €265k ▲342%
2 profitable years in a row build equity to €265k.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Dendermonde · 1 establishment unit since 2019
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.
Vlasmarkt (DEN) 12/A9200 DendermondeGround area
110 m²
Building footprint
105 m²
Volume, LiDAR
1,015 m³
Parcel 42006D0013/00D000, Flanders · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Vlasmarkt (DEN) 12, 9200 Dendermonde
since 20192.287.189.031
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42006D0013/00D000 | Flanders | 110 m² | 1 · 105 m² | 16.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 56 companies in sector 64929 we hold annual accounts for 40. 18 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-11-2018
Fiscal year end31-12
Activities, NACEBEL
64929Financial service activities, except insurance and pension funding
66191Agents and brokers in banking services
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.