HILGERS

Active

Public limited companyfounded 20169 yrs activeJohn-Cockerill-Straße 4, 4780 Sankt Vith, BelgiumKBO/BCE: BE 0668.604.469

Summary

HILGERS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.9m and a net result of €6,050. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysis Watch Report Compare

HILGERSActiveChecked score 68/100

Risk analysis Report Compare

Checked score

Score 2025

68 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability38=

Solvency100=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €800,000 at 30 days acceptable

short-term debt: 0% and cash: 0% of total assets, and 2.1% of the assets are financed with debt.

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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

97.9%

Return on assets

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 9 filings

Deviation from the deadline

2025

19 d late

2024

30 d late

2023

27 d late

2022

29 d late

2021

25 d late

2020

26 d late

2019

31 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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. Usually files around 28 August (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

28-09-2026 today31-12-2026 close31-07-2027 deadline

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

HILGERS was incorporated on 30 December 2016.¹ Total assets went from EUR 12 million in 2018 to EUR 12 million in 2025.²

Go further with this company

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Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€6,050▼ 64.1%

2024 · €16,846

Working capital

€295,150▼ 29.5%

2024 · €418,361

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result-€1,778▲ 52.8%-€1,814▼ 2.0%-€1,923▼ 6.0%-€1,965▼ 2.2%-€2,010▼ 2.3%

Net result€38,186▼ 99.5%-€1,856-€1,965▼ 5.9%€16,846€6,050▼ 64.1%

Equity€11.9m▲ 0.3%€11.9m=€11.9m=€11.9m▲ 0.1%€11.9m▲ 0.1%

Total assets€12.5m▲ 0.2%€12.5m=€12.4m▼ 1.0%€12.3m▼ 0.9%€12.1m▼ 1.0%

Debt€646,588▼ 2.4%€647,212▲ 0.1%€517,960▼ 20.0%€388,735▼ 24.9%€259,486▼ 33.2%

Working capital€663,849▲ 3.5%€661,999▼ 0.3%€530,774▼ 19.8%€418,361▼ 21.2%€295,150▼ 29.5%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €2,010 in 2025 against €1,965 in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €12.1m

97.6%

Fixed assets €11.8m =

Current assets €296,075 ▼ 29.4%

Equity and liabilities €12.1m

97.9%

Equity €11.9m ▲ 0.1%

Provisions €850 =

Debt €259,486 ▼ 33.2%

Debt's share of the balance-sheet total falls from 3.2% to 2.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

Debt to equity

0.02▼

2024 · 0.03

ROE

0.1%▼

2024 · 0.1%

ROA

0.0%▼

2024 · 0.1%

Debt ≤ 1 year

€924▲

2024 · €913

Debt > 1 year

€258,520▼

2024 · €387,780

Income taxes

€0=

2024 · €0

A ratio outside any meaningful range has been withheld (balance sheet total €12.1m, equity €11.9m).

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines

Balance sheet Code20242025

Assets

Total assets20/58€12.3m€12.1m▼

Fixed assets21/28€11.8m€11.8m=

Financial fixed assets28€11.8m€11.8m=

Current assets29/58€419,273€296,075▼

Amounts receivable within one year40/41€5,656€8,087▲

Other amounts receivable41€5,656€8,087▲

Current investments50/53€412,317€287,000▼

Cash at bank and in hand54/58€1,300€988▼

Equity and liabilities

Total equity and liabilities10/49€12.3m€12.1m▼

Equity10/15€11.9m€11.9m▲

Contributions10/11€4.6m€4.6m=

Capital10€4.6m€4.6m=

Issued capital100€4.6m€4.6m=

Reserves13€366,450€366,800▲

Non-distributable reserves130/1€366,450€366,800▲

Legal reserve130€366,450€366,800▲

Profit (loss) carried forward14€6.9m€6.9m▲

Provisions and deferred taxes16€850€850=

Provisions for liabilities and charges160/5€850€850=

Other liabilities and charges164/5€850€850=

Amounts payable17/49€388,735€259,486▼

Amounts payable after more than one year17€387,780€258,520▼

Other amounts payable178/9€387,780€258,520▼

Amounts payable within one year42/48€913€924▲

Trade debts44€913€924▲

Suppliers440/4€913€924▲

Accrued charges and deferred income492/3€42€42=

Income statement Code20242025

Provisions for liabilities and charges: additions (uses and reversals)635/8€0€0=

Other operating charges640/8€968€998▲

Gross operating margin9900-€998-€1,012▼

Operating profit (loss)9901-€1,965-€2,010▼

Financial income75/76B€18,854€8,102▼

Recurring financial income75€18,854€8,102▼

Financial charges65/66B€42€42=

Recurring financial charges65€42€42=

Profit (loss) for the period before taxes9903€16,846€6,050▼

Income taxes67/77€0€0=

Profit (loss) for the period9904€16,846€6,050▼

Profit (loss) for the period to be appropriated9905€16,846€6,050▼

Appropriation of the result

Profit (loss) to be appropriated9906€6.9m€6.9m▲

Profit (loss) brought forward from the previous period14P€6.9m€6.9m▲

Transfer to equity691/2€850€350▼

To the legal reserve6920€850€350▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Provisions for liabilities and charges: additions (uses and reversals)635/8	-	-	-	€0	€0	-
Other operating charges640/8	€868	€868	€960	€968	€998	▲ 3.2%
Gross operating margin9900	-€910	-€946	-€962	-€998	-€1,012	▼ 1.4%
Operating profit (loss)9901	-€1,778	-€1,814	-€1,923	-€1,965	-€2,010	▼ 2.3%
Financial income75/76B	€40,000	-	-	€18,854	€8,102	▼ 57.0%
Recurring financial income75	€40,000	-	-	€18,854	€8,102	▼ 57.0%
Financial charges65/66B	€36	€42	€42	€42	€42	=
Recurring financial charges65	€36	€42	€42	€42	€42	=
Profit (loss) for the period before taxes9903	€38,186	-€1,856	-€1,965	€16,846	€6,050	▼ 64.1%
Income taxes67/77	-	-	-	€0	€0	-
Profit (loss) for the period9904	€38,186	-€1,856	-€1,965	€16,846	€6,050	▼ 64.1%
Profit (loss) for the period to be appropriated9905	€38,186	-€1,856	-€1,965	€16,846	€6,050	▼ 64.1%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€12.5m	€12.5m	€12.4m	€12.3m	€12.1m	▼ 1.0%
Fixed assets21/28	€11.8m	€11.8m	€11.8m	€11.8m	€11.8m	=
Financial fixed assets28	€11.8m	€11.8m	€11.8m	€11.8m	€11.8m	=
Current assets29/58	€664,100	€662,869	€531,652	€419,273	€296,075	▼ 29.4%
Amounts receivable within one year40/41	-	-	-	€5,656	€8,087	▲ 43.0%
Other amounts receivable41	-	-	-	€5,656	€8,087	▲ 43.0%
Current investments50/53	-	-	€460,000	€412,317	€287,000	▼ 30.4%
Cash at bank and in hand54/58	€664,100	€662,869	€71,652	€1,300	€988	▼ 24.0%
Equity and liabilities
Total equity and liabilities10/49	€12.5m	€12.5m	€12.4m	€12.3m	€12.1m	▼ 1.0%
Equity10/15	€11.9m	€11.9m	€11.9m	€11.9m	€11.9m	▲ 0.1%
Contributions10/11	€4.6m	€4.6m	€4.6m	€4.6m	€4.6m	=
Capital10	€4.6m	€4.6m	€4.6m	€4.6m	€4.6m	=
Issued capital100	€4.6m	€4.6m	€4.6m	€4.6m	€4.6m	=
Reserves13	€365,600	€365,600	€365,600	€366,450	€366,800	▲ 0.1%
Non-distributable reserves130/1	€365,600	€365,600	€365,600	€366,450	€366,800	▲ 0.1%
Legal reserve130	€365,600	€365,600	€365,600	€366,450	€366,800	▲ 0.1%
Profit (loss) carried forward14	€6.9m	€6.9m	€6.9m	€6.9m	€6.9m	▲ 0.1%
Provisions and deferred taxes16	€850	€850	€850	€850	€850	=
Provisions for liabilities and charges160/5	€850	€850	€850	€850	€850	=
Other liabilities and charges164/5	€850	€850	€850	€850	€850	=
Amounts payable17/49	€646,588	€647,212	€517,960	€388,735	€259,486	▼ 33.2%
Amounts payable after more than one year17	€646,300	€646,300	€517,040	€387,780	€258,520	▼ 33.3%
Other amounts payable178/9	€646,300	€646,300	€517,040	€387,780	€258,520	▼ 33.3%
Amounts payable within one year42/48	€252	€870	€878	€913	€924	▲ 1.3%
Trade debts44	€252	€870	€878	€913	€924	▲ 1.3%
Suppliers440/4	€252	€870	€878	€913	€924	▲ 1.3%
Accrued charges and deferred income492/3	€36	€42	€42	€42	€42	=

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€38,186	-€1,856	-€1,965	€16,846	€6,050	▼ 64.1%
Operating cash flow (approximation)	€38,186	-€1,856	-€1,965	€16,846	€6,050	▼ 64.1%
Investment in fixed assets (approximation)	-	€0	€0	€0	€0	-
Change in cash	-	-€1,231	-€591,217	-€70,352	-€312	▲ 99.6%

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

Download as CSV

Timeline · acts, filings and financial milestones

All 16Financial 7Filings 9

Next filing, fiscal year 2026, expected by 31-07-2027

2026

19-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 19 days late

2025

30-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 30 days late

2024

31-12

Financial Back to profitnet €16,846

Net result €16,846 after 2 loss-making years.

27-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 27 days late

2023

29-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 29 days late

2022

25-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 25 days late

2021

31-12

Financial Liquidity triplescurrent ratio 2640.03

Current ratio from 807.06 to 2640.03; short-term debt falls from €796 to €252.

26-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 26 days late

2020

31-12

Financial Back to profitnet €7.3m

Net result €7.3m after 2 loss-making years.

31-12

Financial Liquidity times 98current ratio 807.06

Current ratio from 8.22 to 807.06.

31-12

Financial Equity above €10mEq €11.8m ▲74.5%

Equity rises from €6.8m to €11.8m.

31-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 31 days late

Show earlier events

2019

31-12

Financial Weakest financial yearnet -€21,556

Net result drops to -€21,556, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity doublescurrent ratio 8.22

Current ratio from 3.95 to 8.22.

29-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 29 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 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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Structure & network

Owners and holdings

3 holdings

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 3

D.M.H.subsidiary

Sourceown accounts 2025
Equity €24.6mResult €3.2m

100%
H.M.K.subsidiary

Sourceown accounts 2025
Equity €2.4mResult €510,469

100%
HITRAsubsidiary

Sourceown accounts 2025
Equity €1.8mResult €93,082

100%

According to the 2025 annual accounts of HILGERS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification

Legal formPublic limited company

Founded30-12-2016

Fiscal year end31-12

E-invoicing

Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.