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HILCO

Active
General partnershipfounded 198936 yrs activeAugust Van de Wielelei 309, 2100 Antwerpen, BelgiumKBO/BCE: BE 0439.687.637
Summary

For HILCO, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €74,489 and a net result of €15,727. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 93% of 4288 sector peers (fiscal year 2021). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2019
Profitability83▼-14
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2021
Solvency, return and age of the figures
Solvency
87.1%
Return on assets
18.4%
Age of the figures
57 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2022 close31-07-2023 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 04-04-2022, 118 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
118 d early
2019
38 d late
2018
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

HILCO was incorporated on 29 December 1989.1 Total assets rose from EUR 63,175 in 2018 to EUR 85,507 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021

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Financials · fiscal year 2021, micro schema

Equity
€74,489▲ 65.1%
2019 · €45,119
Total assets
€85,507▲ 37.5%
2019 · €62,170
Net result
€15,727▲ 6.4%
2019 · €14,780
Working capital
€75,340▲ 67.0%
2019 · €45,119
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 81, Services to buildings and landscape activities, 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
Line201820192021
Operating result-€6,932--€5,150▲ 25.7%€12,623-
Net result-€265-€14,780€15,727within the sector's middle half-
Equity€44,410-€45,119▲ 1.6%€74,489within the sector's middle half-
Total assets€63,175-€62,170▼ 1.6%€85,507within the sector's middle half-
Debt€14,741-€17,051▲ 15.7%€11,018-
Working capital€45,785-€45,119▼ 1.5%€75,340above the sector's middle half-
Solvency70.3%-72.6%▲ 2.3pp87.1%above the sector's middle half-
Current ratio4.11-3.65▼ 0.468.41above the sector's middle half-
Return on assets (ROA)-0.4%-23.8%▲ 24.2pp18.4%above the sector's middle half-
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, 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
-€10,000€0€10,000€20,000Operating result 2018: -€6,932-€6,932Net result 2018: -€265-€265Operating result 2019: -€5,150-€5,150Net result 2019: €14,780€14,780Operating result 2021: €12,623€12,623Net result 2021: €15,727€15,727201820192021-€10,000€0€10,000€20,000Operating result 2018: -€6,932-€6,930Net result 2018: -€265-€265Operating result 2019: -€5,150-€5,150Net result 2019: €14,780€14,800Operating result 2021: €12,623€12,600Net result 2021: €15,727€15,700201820192021
The operating result is €12,623 in 2021, compared with -€5,150 in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2021 in colour, 2019 as the grey bar beneath
Equity and liabilities €85,507
Equity €74,489 ▲ 65.1%
Debt €11,018 ▼ 35.4%
Debt's share of the balance-sheet total falls from 27.4% to 12.9%. Equity is higher and debt is lower.
Key figures and ratios
2021 value · change against 2019
Debt to equity
0.15
ROE
21.1%▼
2019 · 32.8%
Debt ≤ 1 year
€10,167▼
2019 · €17,051
Income taxes
€3,927▲
2019 · €3,872
Staff costs
€3,365
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2019 · 43 lines
Balance sheet Code20192021
Assets
Total assets20/58€62,170€85,507▲
Current assets29/58€62,170€85,507▲
Amounts receivable within one year40/41€56,260€64,484▲
Trade receivables40-€15,293
Other amounts receivable41-€49,191
Cash at bank and in hand54/58€5,910€21,023▲
Equity and liabilities
Total equity and liabilities10/49€62,170€85,507▲
Equity10/15€45,119€74,489▲
Contributions10/11€8,676€8,676=
Capital10-€8,676
Issued capital100-€8,676
Reserves13€22,958€22,958=
Non-distributable reserves130/1-€4,958
Legal reserve130-€868
Other1319-€4,090
Distributable reserves133-€18,000
Profit (loss) carried forward14€13,485€42,854▲
Amounts payable17/49€17,051€11,018▼
Amounts payable within one year42/48€17,051€10,167▼
Financial debts43-€1,670
Credit institutions430/8-€1,670
Trade debts44€5,394€5,468▲
Suppliers440/4-€5,468
Taxes, remuneration and social security45-€3,029
Taxes450/3-€2,799
Remuneration and social security454/9-€230
Accrued charges and deferred income492/3-€852
Income statement Code20192021
Remuneration, social security and pensions62-€3,365
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,648-
Other operating charges640/8-€2,038
Gross operating margin9900€24,242€18,026▼
Operating profit (loss)9901-€5,150€12,623▲
Financial income75/76B-€7,720
Recurring financial income75€1,614€1,768▲
Non-recurring financial income76B-€5,951
Financial charges65/66B-€689
Recurring financial charges65€727€689▼
Profit (loss) for the period before taxes9903€18,652€19,654▲
Income taxes67/77€3,872€3,927▲
Profit (loss) for the period9904€14,780€15,727▲
Profit (loss) for the period to be appropriated9905€14,780€15,727▲
Appropriation of the result
Profit (loss) to be appropriated9906-€42,854
Profit (loss) brought forward from the previous period14P-€27,128

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201820192021Change
Remuneration, social security and pensions62--€3,365-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,844€2,648--
Other operating charges640/8--€2,038-
Gross operating margin9900€22,261€24,242€18,026-
Operating profit (loss)9901-€6,932-€5,150€12,623-
Financial income75/76B--€7,720-
Recurring financial income75€1,504€1,614€1,768-
Non-recurring financial income76B--€5,951-
Financial charges65/66B--€689-
Recurring financial charges65€701€727€689-
Profit (loss) for the period before taxes9903€571€18,652€19,654-
Income taxes67/77€836€3,872€3,927-
Profit (loss) for the period9904-€265€14,780€15,727-
Profit (loss) for the period to be appropriated9905-€265€14,780€15,727-
Line201820192021Change
Assets
Total assets20/58€63,175€62,170€85,507-
Fixed assets21/28€2,648---
Tangible fixed assets22/27€2,648---
Current assets29/58€60,527€62,170€85,507-
Amounts receivable within one year40/41€52,799€56,260€64,484-
Trade receivables40--€15,293-
Other amounts receivable41--€49,191-
Cash at bank and in hand54/58€7,728€5,910€21,023-
Equity and liabilities
Total equity and liabilities10/49€63,175€62,170€85,507-
Equity10/15€44,410€45,119€74,489-
Contributions10/11€8,676€8,676€8,676-
Capital10--€8,676-
Issued capital100--€8,676-
Reserves13€35,029€22,958€22,958-
Non-distributable reserves130/1--€4,958-
Legal reserve130--€868-
Other1319--€4,090-
Distributable reserves133--€18,000-
Profit (loss) carried forward14€705€13,485€42,854-
Provisions and deferred taxes16€4,024---
Amounts payable17/49€14,741€17,051€11,018-
Amounts payable within one year42/48€14,741€17,051€10,167-
Financial debts43--€1,670-
Credit institutions430/8--€1,670-
Trade debts44€5,003€5,394€5,468-
Suppliers440/4--€5,468-
Taxes, remuneration and social security45--€3,029-
Taxes450/3--€2,799-
Remuneration and social security454/9--€230-
Accrued charges and deferred income492/3--€852-
Line201820192021Change
Profit (loss) for the period9904-€265€14,780€15,727-
+ Depreciation and write-downs630€2,844€2,648--
Operating cash flow (approximation)€2,579€17,428€15,727-
Change in cash--€1,818--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2022
04-04
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Highest result since 2018net €15,727 ▲6.4%
Operating result €12,623, net result €15,727, both a record.
31-12
Financial Liquidity doublescurrent ratio 8.41
Current ratio from 3.65 to 8.41; short-term debt falls from €17,051 to €10,167.
2020
07-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial Back to profitnet €14,780
Net result €14,780 after one loss-making year.
26-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
22-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
26-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
18-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 18 days late
2014
18-08
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 18 days late
2013
21-08
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 21 days late
2012
17-07
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 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
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, Antwerpen · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
633 m²
Building footprint
305 m²
Volume, LiDAR
2,951 m³
Parcel 11344A0404/00W002, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
August Van de Wielelei 309, 2100 Antwerpen
NACE 45250
since 19902.047.104.925
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11344A0404/00W002 Flanders 633 m² 1 · 305 m² 13.9 m · 4 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.

Similar companies · same sector, comparable size

Of 6,990 companies in sector 81220 we hold annual accounts for 2,413. 2,025 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formGeneral partnership
Founded29-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID 0208:0439687637
Also 9925:BE0439687637
Registered 20-11-2025

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.