HILGER
ActiveHILGER has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.95M and a net result of €73k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 820 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+9
Solvency83▼-4
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.7 in 2024), but 57.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2025Solvency, return and age of the figures
Solvency
42.9%
Return on assets
1.6%
Age of the figures
8 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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
8 d early
2023
20 d early
2022
3 d early
2021
18 d early
2020
16 d early
2019
22 d early
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€73k▲ 87.4%
2024 · €39k
2018: €151k
2019: €184k
2020: €96k
2021: €100k
2022: €63k
2023: €41k
2024: €39k
2018 → 2025
Working capital
€1.65M▲ 31.5%
2024 · €1.25M
2018: €1.21M
2019: €702k
2020: €707k
2021: €670k
2022: €846k
2023: €926k
2024: €1.25M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.75M-€1.81M▲ 3.1%€1.84M▲ 1.8%€1.87M▲ 1.9%€1.95M▲ 3.8%
Operating result€117k-€79k▼ 32.0%€33k▼ 58.1%€27k▼ 18.0%€67k▲ 144%
Net result€100k-€63k▼ 36.8%€41k▼ 35.1%€39k▼ 4.6%€73k▲ 87.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 144% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.54M
Fixed assets
€857k▲ 2.7%
Current assets
€3.68M▲ 21.3%
Equity and liabilities €4.54M
Equity
€1.95M▲ 3.8%
Debt
€2.59M▲ 30.0%
The debt ratio rises from 51.5% to 57.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€189k▲
2024 · €151k
Cash flow
€195k▲
2024 · €163k
Solvency
42.9%▼
2024 · 48.5%
Current ratio
1.81▲
2024 · 1.70
Quick ratio
0.27▼
2024 · 0.43
Debt / equity
1.33▲
2024 · 1.06
ROE
3.8%▲
2024 · 2.1%
ROA
1.6%▲
2024 · 1.0%
Interest coverage
8.92▼
2024 · 29.18
Debt
€2.59M▲
2024 · €1.99M
Debt ≤ 1 year
€2.03M▲
2024 · €1.78M
Debt > 1 year
€557k▲
2024 · €212k
Income taxes
€30k▲
2024 · €14k
Staff costs
€191k▲
2024 · €172k
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€3.87M€4.54M▲
Fixed assets21/28€835k€857k▲
Tangible fixed assets22/27€769k€791k▲
Land and buildings22€553k€536k▼
Plant, machinery and equipment23€162k€163k▲
Furniture and vehicles24€54k€92k▲
Financial fixed assets28€66k€66k▲
Current assets29/58€3.03M€3.68M▲
Stocks and contracts in progress3€2.26M€3.12M▲
Stocks30/36€2.26M€3.12M▲
Amounts receivable within one year40/41€530k€426k▼
Trade receivables40€199k€214k▲
Other amounts receivable41€331k€212k▼
Current investments50/53€31k€31k▲
Cash at bank and in hand54/58€196k€77k▼
Deferred charges and accrued income490/1€11k€23k▲
Equity and liabilities
Total equity and liabilities10/49€3.87M€4.54M▲
Equity10/15€1.87M€1.95M▲
Contributions10/11€127k€127k=
Capital10€127k€127k=
Issued capital100€143k€143k=
Uncalled capital101€16k€16k=
Reserves13€281k€281k=
Non-distributable reserves130/1€29k€29k=
Legal reserve130€29k€29k=
Tax-exempt reserves132€123k€123k=
Distributable reserves133€129k€129k=
Profit (loss) carried forward14€1.46M€1.54M▲
Investment grants15€2k-
Amounts payable17/49€1.99M€2.59M▲
Amounts payable after more than one year17€212k€557k▲
Financial debts170/4€212k€535k▲
Other amounts payable178/9-€23k
Amounts payable within one year42/48€1.78M€2.03M▲
Current portion of amounts payable after more than one year42€290k€218k▼
Financial debts43€1.38M€1.51M▲
Credit institutions430/8-€100k
Other loans439€1.38M€1.41M▲
Trade debts44€80k€244k▲
Suppliers440/4€80k€244k▲
Taxes, remuneration and social security45€18k€58k▲
Taxes450/3€3k€45k▲
Remuneration and social security454/9€16k€12k▼
Other amounts payable47/48€17k€10k▼
Income statement
Code20242025
Non-recurring operating income76A€54k€48k▼
Remuneration, social security and pensions62€172k€191k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124k€122k▼
Other operating charges640/8€15k€19k▲
Gross operating margin9900€338k€399k▲
Operating profit (loss)9901€27k€67k▲
Financial income75/76B€31k€58k▲
Recurring financial income75€31k€58k▲
Financial charges65/66B€5k€21k▲
Recurring financial charges65€5k€21k▲
Profit (loss) for the period before taxes9903€53k€103k▲
Income taxes67/77€14k€30k▲
Profit (loss) for the period9904€39k€73k▲
Profit (loss) for the period to be appropriated9905€39k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.46M€1.54M▲
Profit (loss) brought forward from the previous period14P€1.43M€1.46M▲
Social balance
Average headcount (FTE)90874.04.0=
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €39k ▼4.6%
Net result drops to €39k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €184k ▲21.8%
Operating result €203k, net result €184k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Amel · 1 establishment unit since 1984
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.
Born,Rechter Straße 364770 Amel1 establishment unit
Hilger S.A./A.G.
since 19842.067.648.931
Recognitions · licences · registrations
Recognised contractor
6 categoriesHILGER AG21029
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 4,090 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-11-1984
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
25110Manufacture of metal structures and parts of structures
28110
42110Construction of roads and motorways
43120Site preparation
43310Plastering work
45112
45230
68110Buying and selling of own real estate
70322
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filings
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.