HIKO
ActiveSummary
HIKO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €-26k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 2318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▼-37
Solvency57▼-2
Growth57▼-17
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.66 in 2024; short-term debt: 21.3% and cash: 2.5% of total assets), and 68.2% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.8%
Return on assets
-11.1%
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
72 d early
2023
70 d early
2022
48 d early
2021
60 d early
2020
58 d early
2019
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€168k▲ 10.1%
2020 · €152k
EBIT margin
11.6%▼ 4.6pp
2020 · 16.1%
Net result
€-26k
2024 · €27k
Working capital
€-31k▼ 12.8%
2024 · €-28k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€168k▲ 10.1%
Operating result€19k▼ 21.2%€-1k€17k€31k▲ 83.3%€-25k
Net result€13k▼ 19.1%€-3k€13k€27k▲ 99.5%€-26k
EBIT margin11.6%▼ 4.6pp
Equity€76k▲ 1.6%€73k▼ 4.6%€74k▲ 2.1%€101k▲ 36.3%€75k▼ 25.8%
Total assets€285k▼ 3.0%€314k▲ 10.2%€295k▼ 5.9%€294k▼ 0.5%€236k▼ 19.7%
Debt€209k▼ 4.6%€241k▲ 15.5%€221k▼ 8.3%€193k▼ 12.8%€161k▼ 16.6%
Working capital€-71k▲ 17.4%€-108k▼ 53.3%€-81k▲ 25.2%€-28k▲ 66.0%€-31k▼ 12.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25k after €31k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €236k
Fixed assets
€217k ▼ 9.8%
Current assets
€19k ▼ 64.3%
Equity and liabilities €236k
Equity
€75k ▼ 25.8%
Debt
€161k ▼ 16.6%
Debt's share of the balance-sheet total rises from 65.6% to 68.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▼
2024 · €63k
Cash flow
€4k▼
2024 · €59k
Current ratio
0.38▼
2024 · 0.66
Debt to equity
2.14▲
2024 · 1.90
ROE
-34.8%▼
2024 · 26.6%
ROA
-11.1%▼
2024 · 9.2%
Interest coverage
4.57▼
2024 · 93.20
Debt ≤ 1 year
€50k▼
2024 · €81k
Debt > 1 year
€111k=
2024 · €111k
Income taxes
€-102▼
2024 · €9k
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €168k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €136k | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €388 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €34k | €33k | €32k | €30k | ▼ 4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3k | - | - | - | - |
| Other operating charges640/8 | €3k | - | €3k | €2k | €5k | ▲ 117% |
| Gross operating margin9900 | €46k | €36k | €54k | €65k | €10k | ▼ 85.1% |
| Operating profit (loss)9901 | €19k | €-1k | €17k | €31k | €-25k | ▼ 180% |
| Financial income75/76B | €105 | €2 | €1k | €5k | €155 | ▼ 96.9% |
| Recurring financial income75 | €105 | €2 | €1k | €5k | €155 | ▼ 96.9% |
| Financial charges65/66B | €588 | €620 | €625 | €679 | €1k | ▲ 67.9% |
| Recurring financial charges65 | €588 | €620 | €625 | €679 | €1k | ▲ 67.9% |
| Profit (loss) for the period before taxes9903 | €19k | €-2k | €18k | €36k | €-26k | ▼ 173% |
| Income taxes67/77 | €6k | €2k | €4k | €9k | €-102 | ▼ 101% |
| Profit (loss) for the period9904 | €13k | €-3k | €13k | €27k | €-26k | ▼ 197% |
| Profit (loss) for the period to be appropriated9905 | €13k | €-3k | €13k | €27k | €-26k | ▼ 197% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €285k | €314k | €295k | €294k | €236k | ▼ 19.7% |
| Fixed assets21/28 | €258k | €292k | €266k | €240k | €217k | ▼ 9.8% |
| Tangible fixed assets22/27 | €257k | €291k | €266k | €240k | €217k | ▼ 9.9% |
| Land and buildings22 | €228k | €225k | €212k | €200k | €193k | ▼ 3.5% |
| Plant, machinery and equipment23 | €13k | €13k | €13k | €14k | €10k | ▼ 32.0% |
| Furniture and vehicles24 | €16k | €53k | €40k | €26k | €14k | ▼ 47.1% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €27k | €22k | €29k | €53k | €19k | ▼ 64.3% |
| Amounts receivable within one year40/41 | - | €948 | - | - | €7k | - |
| Trade receivables40 | - | - | - | - | €7k | - |
| Other amounts receivable41 | - | €948 | - | - | - | - |
| Current investments50/53 | - | - | €20k | €37k | €6k | ▼ 83.4% |
| Cash at bank and in hand54/58 | €27k | €21k | €9k | €16k | €6k | ▼ 63.5% |
| Deferred charges and accrued income490/1 | - | - | €150 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €285k | €314k | €295k | €294k | €236k | ▼ 19.7% |
| Equity10/15 | €76k | €73k | €74k | €101k | €75k | ▼ 25.8% |
| Contributions10/11 | €7k | €7k | €7k | €7k | €7k | = |
| Reserves13 | €56k | €56k | €44k | €54k | €54k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €54k | €54k | €42k | €52k | €52k | = |
| Profit (loss) carried forward14 | €13k | €10k | €23k | €40k | €14k | ▼ 65.0% |
| Amounts payable17/49 | €209k | €241k | €221k | €193k | €161k | ▼ 16.6% |
| Amounts payable after more than one year17 | €111k | €111k | €111k | €111k | €111k | = |
| Other amounts payable178/9 | €111k | €111k | €111k | €111k | €111k | = |
| Amounts payable within one year42/48 | €98k | €130k | €110k | €81k | €50k | ▼ 38.0% |
| Trade debts44 | €12k | €4k | €6k | €1k | €856 | ▼ 20.7% |
| Suppliers440/4 | €12k | €4k | €6k | €1k | €856 | ▼ 20.7% |
| Taxes, remuneration and social security45 | €7k | €7k | €7k | €8k | €176 | ▼ 97.7% |
| Taxes450/3 | €7k | €7k | €5k | €3k | €176 | ▼ 93.8% |
| Remuneration and social security454/9 | - | - | €2k | €5k | - | - |
| Other amounts payable47/48 | €80k | €119k | €98k | €72k | €49k | ▼ 31.8% |
| Accrued charges and deferred income492/3 | - | - | - | €1k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €-3k | €13k | €27k | €-26k | ▼ 197% |
| + Depreciation and write-downs630 | €24k | €34k | €33k | €32k | €30k | ▼ 4.3% |
| Operating cash flow (approximation) | €37k | €30k | €46k | €59k | €4k | ▼ 92.6% |
| Investment in fixed assets (approximation) | - | €-68k | €-7k | €-6k | €-7k | ▼ 6.3% |
| Change in cash | - | €-6k | €-12k | €7k | €-10k | ▼ 239% |
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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €27k ▲99.5%
Operating result €31k, net result €27k, both a record.
31-12
Financial
Equity above €100kEq €101k ▲36.3%
2 profitable years in a row build equity to €101k.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
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
3 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, Ninove · 1 establishment unit since 2005
Ground area
542 m²
Building footprint
300 m²
Volume, LiDAR
1,718 m³
Parcel 41048A0400/00G003, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HIKO
since 20052.146.667.408
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41048A0400/00G003 | Flanders | 542 m² | 1 · 300 m² | 9.7 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 3,294 companies in sector 93110 we hold annual accounts for 1,495. 1,052 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
Scores and ratios are computed by Checked and are not a credit decision.