HILITE
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-01-2024, 3 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 filingsPosition against the passed deadline
31-01-2024 close31-08-2024 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2023 was due by 31-08-2023 and was filed on 31-08-2023, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
not filed
2023
on the day
2022
29 d late
2021
394 d late
2020
58 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 120 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 (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€2.5m▲ 25.3%
2022 · €2.0m
Total assets
€2.6m▲ 17.5%
2022 · €2.2m
Net result
€512,617▲ 138%
2022 · €215,666
Working capital
€2.5m▲ 28.1%
2022 · €2.0m
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
Line20192020202120222023
Operating result€265,096-€261,304▼ 1.4%€266,033▲ 1.8%€337,502▲ 26.9%€8,008▼ 97.6%
Net result€175,783-€167,788▼ 4.5%€172,148▲ 2.6%€215,666▲ 25.3%€512,617▲ 138%
Equity€1.5m-€1.6m▲ 11.4%€1.8m▲ 10.5%€2.0m▲ 11.9%€2.5m▲ 25.3%
Total assets€1.6m-€1.8m▲ 8.8%€2.1m▲ 17.4%€2.2m▲ 6.7%€2.6m▲ 17.5%
Debt€166,915-€143,760▼ 13.9%€283,865▲ 97.5%€209,021▼ 26.4%€94,607▼ 54.7%
Working capital€1.4m-€1.5m▲ 10.7%€1.7m▲ 12.7%€2.0m▲ 13.7%€2.5m▲ 28.1%
Staff (FTE)2.2-2.1▼ 4.5%1.8▼ 14.3%1.8=0▼ 100%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 98% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.6m
Fixed assets
€333 ▼ 99.4%
Current assets
€2.6m ▲ 20.5%
Equity and liabilities €2.6m
Equity
€2.5m ▲ 25.3%
Provisions
€0 ▼ 100%
Debt
€94,607 ▼ 54.7%
Debt's share of the balance-sheet total falls from 9.3% to 3.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,362▼
2022 · €362,070
Cash flow
€512,970▲
2022 · €240,234
Current ratio
27.84▲
2022 · 10.71
Debt to equity
0.04▼
2022 · 0.10
ROE
20.2%▲
2022 · 10.7%
ROA
19.5%▲
2022 · 9.6%
Interest coverage
4.56▼
2022 · 23.11
Debt ≤ 1 year
€94,541▼
2022 · €204,010
Income taxes
€56,104▼
2022 · €111,156
Staff costs
-€159▼
2022 · €149,604
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €25,101 | - |
| Remuneration, social security and pensions62 | - | - | €121,701 | €149,604 | -€159 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,095 | €26,870 | €25,946 | €24,568 | €354 | ▼ 98.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€11,839 | -€44,196 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€518 | -€1,177 | -€5,371 | ▼ 356% |
| Other operating charges640/8 | - | - | €14,988 | €46,828 | €1,556 | ▼ 96.7% |
| Non-recurring operating charges66A | - | - | - | - | €1,620 | - |
| Gross operating margin9900 | €437,151 | €437,365 | €416,311 | €513,129 | €6,009 | ▼ 98.8% |
| Operating profit (loss)9901 | €265,096 | €261,304 | €266,033 | €337,502 | €8,008 | ▼ 97.6% |
| Financial income75/76B | - | - | €5,457 | €4,987 | €562,546 | ▲ 11,181% |
| Recurring financial income75 | €48,691 | €5,768 | €5,457 | €4,987 | €562,546 | ▲ 11,181% |
| Financial charges65/66B | - | - | €13,629 | €15,667 | €1,834 | ▼ 88.3% |
| Recurring financial charges65 | €40,228 | €13,157 | €13,629 | €15,667 | €1,834 | ▼ 88.3% |
| Profit (loss) for the period before taxes9903 | €276,838 | €253,915 | €257,860 | €326,822 | €568,720 | ▲ 74.0% |
| Income taxes67/77 | €101,055 | €86,127 | €85,712 | €111,156 | €56,104 | ▼ 49.5% |
| Profit (loss) for the period9904 | €175,783 | €167,788 | €172,148 | €215,666 | €512,617 | ▲ 138% |
| Transfer from tax-exempt reserves789 | - | - | - | €29,565 | - | - |
| Profit (loss) for the period to be appropriated9905 | €175,783 | €167,788 | €172,148 | €245,231 | €512,617 | ▲ 109% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.8m | €2.1m | €2.2m | €2.6m | ▲ 17.5% |
| Fixed assets21/28 | €85,174 | €102,061 | €78,159 | €54,702 | €333 | ▼ 99.4% |
| Intangible fixed assets21 | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €77,236 | €94,123 | €71,463 | €48,006 | €333 | ▼ 99.3% |
| Plant, machinery and equipment23 | - | - | €1,306 | €905 | - | - |
| Furniture and vehicles24 | - | - | €48,454 | €29,384 | €333 | ▼ 98.9% |
| Other tangible fixed assets26 | - | - | €21,704 | €17,717 | - | - |
| Financial fixed assets28 | €7,938 | €7,938 | €6,696 | €6,696 | - | - |
| Current assets29/58 | €1.6m | €1.7m | €2.0m | €2.2m | €2.6m | ▲ 20.5% |
| Amounts receivable after more than one year29 | - | - | €164,510 | €6,960 | €7,162 | ▲ 2.9% |
| Other amounts receivable291 | - | - | €164,510 | €6,960 | €7,162 | ▲ 2.9% |
| Stocks and contracts in progress3 | €198,567 | €202,254 | €161,203 | €137,502 | - | - |
| Stocks30/36 | - | - | €161,203 | €137,502 | - | - |
| Amounts receivable within one year40/41 | €451,975 | €461,105 | €418,226 | €348,779 | €2.4m | ▲ 576% |
| Trade receivables40 | - | - | €418,215 | €348,773 | €55,200 | ▼ 84.2% |
| Other amounts receivable41 | - | - | €11 | €6 | €2.3m | ▲ 38,690,457% |
| Current investments50/53 | - | - | €250,000 | €250,000 | €250,000 | = |
| Cash at bank and in hand54/58 | €737,472 | €853,870 | €1.0m | €1.4m | €7,523 | ▼ 99.5% |
| Deferred charges and accrued income490/1 | - | - | €4,757 | €5,946 | €9,694 | ▲ 63.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.8m | €2.1m | €2.2m | €2.6m | ▲ 17.5% |
| Equity10/15 | €1.5m | €1.6m | €1.8m | €2.0m | €2.5m | ▲ 25.3% |
| Contributions10/11 | €375,000 | €375,000 | €375,000 | €375,000 | €375,000 | = |
| Capital10 | - | - | €375,000 | €375,000 | €375,000 | = |
| Issued capital100 | - | - | €375,000 | €375,000 | €375,000 | = |
| Reserves13 | €1.0m | €1.2m | €1.3m | €1.6m | €2.1m | ▲ 32.8% |
| Non-distributable reserves130/1 | - | - | €48,501 | €48,501 | €48,501 | = |
| Legal reserve130 | - | - | €48,501 | €48,501 | €48,501 | = |
| Tax-exempt reserves132 | - | - | €29,599 | €34 | €34 | = |
| Distributable reserves133 | - | - | €1.3m | €1.5m | €2.0m | ▲ 33.9% |
| Profit (loss) carried forward14 | €87,766 | €87,766 | €87,766 | €87,766 | €87,766 | = |
| Provisions and deferred taxes16 | €7,048 | €7,065 | €6,547 | €5,371 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €6,547 | €5,371 | - | - |
| Other liabilities and charges164/5 | - | - | €6,547 | €5,371 | - | - |
| Amounts payable17/49 | €166,915 | €143,760 | €283,865 | €209,021 | €94,607 | ▼ 54.7% |
| Amounts payable within one year42/48 | €163,123 | €140,992 | €280,120 | €204,010 | €94,541 | ▼ 53.7% |
| Trade debts44 | €106,540 | €106,636 | €146,413 | €140,160 | €5,665 | ▼ 96.0% |
| Suppliers440/4 | - | - | €146,413 | €140,160 | €5,665 | ▼ 96.0% |
| Taxes, remuneration and social security45 | - | - | €132,983 | €62,861 | €88,772 | ▲ 41.2% |
| Taxes450/3 | - | - | €105,095 | €46,567 | €88,772 | ▲ 90.6% |
| Remuneration and social security454/9 | - | - | €27,888 | €16,294 | - | - |
| Other amounts payable47/48 | - | - | €724 | €989 | €104 | ▼ 89.5% |
| Accrued charges and deferred income492/3 | - | - | €3,745 | €5,010 | €66 | ▼ 98.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €175,783 | €167,788 | €172,148 | €215,666 | €512,617 | ▲ 138% |
| + Depreciation and write-downs630 | €25,095 | €26,870 | €25,946 | €24,568 | €354 | ▼ 98.6% |
| Operating cash flow (approximation) | €200,878 | €194,658 | €198,094 | €240,234 | €512,970 | ▲ 114% |
| Investment in fixed assets (approximation) | - | -€43,757 | -€2,044 | -€1,111 | €54,015 | ▲ 4,960% |
| Change in cash | - | €116,398 | €168,799 | €412,611 | -€1.4m | ▼ 446% |
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
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-01
Financial
Highest result since 2019net €512,617 ▲138%
Net result €512,617, the highest in the series.
31-01
Financial
Liquidity triplescurrent ratio 27.84
Current ratio from 10.71 to 27.84; short-term debt falls from €204,010 to €94,541.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 394 days late
31-01
Financial
Equity above €2mEq €2.0m ▲11.9%
4 profitable years in a row build equity to €2.0m.
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 58 days late
31-01
Financial
Weakest financial yearnet €167,788 ▼4.5%
Net result drops to €167,788, the lowest in the series.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · 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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Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
- Sourceaccounts Fracel 202314.7%
Holdings 1
-
36%
According to the annual accounts to 31-01-2022 of HILITE 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500H4CNEGFRFVQP50