HILLU

Active

Private limited companyfounded 201610 yrs activeKleine Moerstraat 5C, 8000 Brugge, BelgiumKBO/BCE: BE 0649.963.247

Summary

HILLU has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-40k) and a net result of €-48k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 688 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2025

39 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability11▼-17

Solvency20▼-6

Growth78=

Track record100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.89 against 1.19 in 2024; short-term debt: 44.8% and cash: 1.2% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

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 2025

Solvency, return and age of the figures

Solvency

-5.4%

Return on assets

-6.6%

Age of the figures

9 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 55

Relative position

BE, all sectors

reference

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €-40k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filings

Deviation from the deadline

2025

31 d late

2024

28 d late

2023

61 d late

2022

29 d late

2021

31 d late

2020

31 d late

2019

91 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

24-09-2026 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

Financials · fiscal year 2025, abbreviated schema

Equity

€-40k

2024 · €8k

2018: €-209k 2019: €-244k 2020: €92k 2021: €78k 2022: €77k 2023: €32k 2024: €8k

2018 → 2025

Total assets

€727k▼ 5.7%

2024 · €771k

2018: €752k 2019: €766k 2020: €1.19M 2021: €1.21M 2022: €1.01M 2023: €1.01M 2024: €771k

2018 → 2025

Net result

€-48k▼ 98.2%

2024 · €-24k

2018: €-212k 2019: €-36k 2020: €-59k 2021: €-14k 2022: €-980 2023: €-45k 2024: €-24k

2018 → 2025

Working capital

€-34k

2024 · €52k

2018: €-293k 2019: €-350k 2020: €-121k 2021: €-432k 2022: €-108k 2023: €-27k 2024: €52k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€78k-€77k▼ 1.3%€32k▼ 58.0%€8k▼ 74.5%€-40k

Operating result€11k-€15k▲ 44.5%€-41k€-22k▲ 46.1%€-30k▼ 34.8%

Net result€-14k-€-980▲ 93.0%€-45k▼ 4,464%€-24k▲ 46.0%€-48k▼ 98.2%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €30k in 2025 against €22k in 2024; the loss grows.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €727k

59.9%

40.1%

Fixed assets €435k ▼ 1.3%

Current assets €292k ▼ 11.6%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-10k▼

2024 · €18k

Cash flow

€-28k▼

2024 · €16k

Solvency

-5.4%▼

2024 · 1.1%

Current ratio

0.89▼

2024 · 1.19

Debt to equity

-19.36▼

2024 · 92.46

ROA

-6.6%▼

2024 · -3.1%

Interest coverage

-0.37▼

2024 · 1.52

Debt

€766k▲

2024 · €763k

Debt ≤ 1 year

€326k▲

2024 · €278k

Debt > 1 year

€439k▼

2024 · €475k

Income taxes

€352▼

2024 · €610

Staff costs

€86k▼

2024 · €100k

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

Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines

Balance sheet Code20242025

Assets

Total assets20/58€771k€727k▼

Fixed assets21/28€441k€435k▼

Intangible fixed assets21€2k€114▼

Tangible fixed assets22/27€436k€433k▼

Land and buildings22€420k€403k▼

Plant, machinery and equipment23€5k-

Furniture and vehicles24€3k€22k▲

Other tangible fixed assets26€8k€8k▼

Financial fixed assets28€3k€2k▼

Current assets29/58€330k€292k▼

Amounts receivable within one year40/41€322k€277k▼

Trade receivables40€65k€63k▼

Other amounts receivable41€257k€214k▼

Cash at bank and in hand54/58€3k€9k▲

Deferred charges and accrued income490/1€5k€6k▲

Equity and liabilities

Total equity and liabilities10/49€771k€727k▼

Equity10/15€8k€-40k▼

Contributions10/11€418k€418k=

Profit (loss) carried forward14€-410k€-458k▼

Amounts payable17/49€763k€766k▲

Amounts payable after more than one year17€475k€439k▼

Financial debts170/4€475k€439k▼

Amounts payable within one year42/48€278k€326k▲

Current portion of amounts payable after more than one year42€37k€38k▲

Trade debts44€21k€24k▲

Suppliers440/4€21k€24k▲

Taxes, remuneration and social security45€26k€24k▼

Taxes450/3€9k€12k▲

Remuneration and social security454/9€17k€12k▼

Other amounts payable47/48€195k€240k▲

Accrued charges and deferred income492/3€10k€1k▼

Income statement Code20242025

Non-recurring operating income76A€75k€25k▼

Remuneration, social security and pensions62€100k€86k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€20k▼

Other operating charges640/8€5k€5k▼

Non-recurring operating charges66A€32k-

Gross operating margin9900€156k€82k▼

Operating profit (loss)9901€-22k€-30k▼

Financial income75/76B€10k€9k▼

Recurring financial income75€10k€8k▼

Non-recurring financial income76B-€821

Financial charges65/66B€12k€27k▲

Recurring financial charges65€12k€26k▲

Non-recurring financial charges66B-€750

Profit (loss) for the period before taxes9903€-24k€-47k▼

Income taxes67/77€610€352▼

Profit (loss) for the period9904€-24k€-48k▼

Profit (loss) for the period to be appropriated9905€-24k€-48k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-410k€-458k▼

Profit (loss) brought forward from the previous period14P€-386k€-410k▼

Social balance

Average headcount (FTE)90872.02.1▲

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Filings 10

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

2026

31-08