HIKAPACK
ActiveSummary
HIKAPACK has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €46,179 and a net result of €3,128. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 50% of 161 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability30▲+21
Solvency81▼-19
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.99 against 16.03 in 2025; short-term debt: 44.5% and cash: 40% of total assets), and 44.5% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
55.5%
Return on assets
3.8%
Age of the figures
3 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 11-09-2026, 142 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
142 d early
2025
114 d early
2024
109 d early
2023
131 d early
2022
69 d early
2021
96 d early
2020
3 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 95 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today. Usually files around 9 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today30-06-2027 close31-01-2028 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€46,179▼ 50.4%
2025 · €93,051
Total assets
€83,136▼ 15.4%
2025 · €98,319
Net result
€3,128
2025 · -€7,881
Working capital
€36,414▼ 54.0%
2025 · €79,196
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€10,712▲ 77.5%€14,702▲ 37.2%€18,853▲ 28.2%-€7,802€413
Net result€7,744within the sector's middle half▲ 75.5%€8,942within the sector's middle half▲ 15.5%€11,655within the sector's middle half▲ 30.3%-€7,881below the sector's middle half€3,128
Equity€80,336within the sector's middle half▲ 10.7%€89,278within the sector's middle half▲ 11.1%€100,933within the sector's middle half▲ 13.1%€93,051within the sector's middle half▼ 7.8%€46,179▼ 50.4%
Total assets€170,968within the sector's middle half▲ 8.1%€151,266within the sector's middle half▼ 11.5%€125,740within the sector's middle half▼ 16.9%€98,319within the sector's middle half▼ 21.8%€83,136▼ 15.4%
Debt€90,632▲ 5.9%€61,988▼ 31.6%€24,807▼ 60.0%€5,268▼ 78.8%€36,957▲ 602%
Working capital€98,386within the sector's middle half▲ 21.4%€110,938within the sector's middle half▲ 12.8%€81,712within the sector's middle half▼ 26.3%€79,196within the sector's middle half▼ 3.1%€36,414▼ 54.0%
Solvency47.0%within the sector's middle half▲ 1.1pp59.0%within the sector's middle half▲ 12.0pp80.3%above the sector's middle half▲ 21.3pp94.6%above the sector's middle half▲ 14.4pp55.5%▼ 39.1pp
Current ratio3.47above the sector's middle half▼ 0.089.10above the sector's middle half▲ 5.634.53above the sector's middle half▼ 4.5616.03above the sector's middle half▲ 11.501.99▼ 14.05
Return on assets (ROA)4.5%within the sector's middle half▲ 1.7pp5.9%within the sector's middle half▲ 1.4pp9.3%within the sector's middle half▲ 3.4pp-8.0%below the sector's middle half▼ 17.3pp3.8%▲ 11.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2026: €413 after a loss of €7,802 in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €83,136
Fixed assets
€9,765 ▼ 29.5%
Current assets
€73,371 ▼ 13.1%
Equity and liabilities €83,136
Equity
€46,179 ▼ 50.4%
Debt
€36,957 ▲ 602%
Debt's share of the balance-sheet total rises from 5.4% to 44.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,504▲
2025 · -€4,340
Cash flow
€7,218▲
2025 · -€4,420
Debt to equity
0.80▲
2025 · 0.06
ROE
6.8%▲
2025 · -8.5%
Interest coverage
0.84▲
2025 · -0.49
Debt ≤ 1 year
€36,957▲
2025 · €5,268
Income taxes
€2,480▲
2025 · €1,122
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 17,040 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,417 | €7,305 | €7,330 | €3,462 | €4,091 | ▲ 18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €12,588 | -€12,588 | ▼ 200% |
| Other operating charges640/8 | €2,970 | €1,169 | €1,324 | €6,217 | €13,712 | ▲ 121% |
| Gross operating margin9900 | €21,100 | €23,176 | €27,507 | €14,465 | €5,628 | ▼ 61.1% |
| Operating profit (loss)9901 | €10,712 | €14,702 | €18,853 | -€7,802 | €413 | ▲ 105% |
| Financial income75/76B | €9,505 | €9,715 | €8,964 | €9,837 | €10,538 | ▲ 7.1% |
| Recurring financial income75 | €9,505 | €9,715 | €8,964 | €9,837 | €10,538 | ▲ 7.1% |
| Financial charges65/66B | €8,512 | €8,743 | €7,978 | €8,795 | €5,343 | ▼ 39.2% |
| Recurring financial charges65 | €8,512 | €8,743 | €7,978 | €8,795 | €5,343 | ▼ 39.2% |
| Profit (loss) for the period before taxes9903 | €11,706 | €15,674 | €19,839 | -€6,760 | €5,608 | ▲ 183% |
| Income taxes67/77 | €3,962 | €6,732 | €8,184 | €1,122 | €2,480 | ▲ 121% |
| Profit (loss) for the period9904 | €7,744 | €8,942 | €11,655 | -€7,881 | €3,128 | ▲ 140% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €7,744 | €8,942 | €11,655 | -€7,881 | €3,128 | ▲ 140% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €170,968 | €151,266 | €125,740 | €98,319 | €83,136 | ▼ 15.4% |
| Fixed assets21/28 | €32,706 | €26,627 | €20,896 | €13,856 | €9,765 | ▼ 29.5% |
| Tangible fixed assets22/27 | €32,706 | €26,627 | €20,896 | €13,856 | €9,765 | ▼ 29.5% |
| Furniture and vehicles24 | €32,706 | €26,627 | €20,896 | €13,856 | €9,765 | ▼ 29.5% |
| Current assets29/58 | €138,262 | €124,638 | €104,844 | €84,464 | €73,371 | ▼ 13.1% |
| Amounts receivable within one year40/41 | €136,961 | €104,018 | €75,165 | €64,348 | €39,853 | ▼ 38.1% |
| Trade receivables40 | €136,961 | €104,018 | €75,165 | €25,396 | €37,210 | ▲ 46.5% |
| Other amounts receivable41 | - | - | - | €38,952 | €2,643 | ▼ 93.2% |
| Cash at bank and in hand54/58 | €524 | €20,544 | €28,761 | €20,028 | €33,215 | ▲ 65.8% |
| Deferred charges and accrued income490/1 | €777 | €76 | €918 | €88 | €303 | ▲ 244% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €170,968 | €151,266 | €125,740 | €98,319 | €83,136 | ▼ 15.4% |
| Equity10/15 | €80,336 | €89,278 | €100,933 | €93,051 | €46,179 | ▼ 50.4% |
| Contributions10/11 | €70,000 | €70,000 | €70,000 | €70,000 | €21,694 | ▼ 69.0% |
| Reserves13 | - | €8,942 | €20,597 | €20,597 | €20,597 | = |
| Distributable reserves133 | - | €8,942 | €20,597 | €20,597 | €20,597 | = |
| Profit (loss) carried forward14 | €10,336 | €10,336 | €10,336 | €2,455 | €3,888 | ▲ 58.4% |
| Amounts payable17/49 | €90,632 | €61,988 | €24,807 | €5,268 | €36,957 | ▲ 602% |
| Amounts payable after more than one year17 | €48,675 | €46,368 | €0 | - | - | - |
| Other amounts payable178/9 | €48,675 | €46,368 | €0 | - | - | - |
| Amounts payable within one year42/48 | €39,877 | €13,700 | €23,132 | €5,268 | €36,957 | ▲ 602% |
| Trade debts44 | €31,991 | €5,053 | €1,353 | €2,244 | €4,598 | ▲ 105% |
| Suppliers440/4 | €31,991 | €5,053 | €1,353 | €2,244 | €4,598 | ▲ 105% |
| Taxes, remuneration and social security45 | €7,886 | €8,647 | €6,280 | €3,024 | €5,054 | ▲ 67.1% |
| Taxes450/3 | €6,586 | €8,647 | €5,980 | €3,024 | €5,054 | ▲ 67.1% |
| Remuneration and social security454/9 | €1,300 | €0 | €300 | €0 | - | - |
| Other amounts payable47/48 | €0 | - | €15,499 | €0 | €27,306 | - |
| Accrued charges and deferred income492/3 | €2,081 | €1,919 | €1,675 | €0 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,744 | €8,942 | €11,655 | -€7,881 | €3,128 | ▲ 140% |
| + Depreciation and write-downs630 | €7,417 | €7,305 | €7,330 | €3,462 | €4,091 | ▲ 18.2% |
| Operating cash flow (approximation) | €15,161 | €16,247 | €18,985 | -€4,420 | €7,218 | ▲ 263% |
| Investment in fixed assets (approximation) | - | -€1,226 | -€1,598 | €3,579 | €0 | ▼ 100% |
| Change in cash | - | €20,021 | €8,216 | -€8,733 | €13,188 | ▲ 251% |
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 2027, expected by
2026
11-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
30-06
Financial
Back to profitnet €3,128
Net result €3,128 after one loss-making year.
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet -€7,881
Net result drops to -€7,881, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity quadruplescurrent ratio 16.03
Current ratio from 4.53 to 16.03; short-term debt falls from €23,132 to €5,268.
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €11,655 ▲30.3%
Operating result €18,853, net result €11,655, both a record.
30-06
Financial
Equity above €100,000Eq €100,933 ▲13.1%
5 profitable years in a row build equity to €100,933.
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 9.10
Current ratio from 3.47 to 9.10; short-term debt falls from €39,877 to €13,700.
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €7,106
Net result €7,106 after one loss-making year.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Diepenbeek · 1 establishment unit since 2006
Ground area
1,456 m²
Building footprint
150 m²
Volume, LiDAR
779 m³
Parcel 71403H0119/00C000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20062.154.677.232
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71403H0119/00C000 | Flanders | 1,456 m² | 1 · 150 m² | 9.1 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.
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Of 1,567 companies in this sector we hold annual accounts for 920. 495 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded05-05-2006
Fiscal year end30-06
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
82920Office administrative, office support and other business support activities
Contact
Phone
011/273767Diepenbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881143050
Also
9925:BE0881143050
Registered
18-06-2025
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.