Equity
€23,945 from €286,038 in 2007
Equity fell by 92% in 18 years.
HINION
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1991peak €485,377 (2020)
€229,610▲ 23.4%
lowest -€93,295 (2022)
€9,401▲ €35,943
peak €286,038 (2007)
€23,945▲ 64.6%
€286,640▼ 8.7%
peak 10.9 FTE (2020)
3 FTE▼ 16.7%
Board1 name since 2008
1 directorBOKRI
Owners
99.73%BOKRI
Documentsfilings and deeds
15-07-202616 days before the deadline
2025abbreviated format
Gross margin from €186,072 to €229,610Back to profit: €9,401Staff from 3.6 FTE to 3 FTEEquity from €14,545 to €23,945Cash from €45,329 to €25,848
Key points
from the 2025 annual accountsTurnover
≈ €810,000 estimated
The abbreviated format states no turnover.
Debts
€286,640 92% of the balance sheet
Financial debts 13%Suppliers 43%Taxes and wages 1%Other 43%
€80,565 of the debts are secured on the company's own assets. In 2021 that was €147,611.
Staff
3 FTE from 10.9 in 2020
Between 2020 and 2025, 72% of the full-time equivalents disappeared.
Filings
32 annual accounts since 1991
Two of the last ten came late. The 2020 accounts came latest: 61 days after the end of the period.
Position in the sector
7.7%
Lower solvency than 83% of companies in construction of buildings. Sector median 38.6% · 2,818 companies.
Checked score
66
Healthy
Financially stronger than 40% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025lowest value
07-2025: 1.8%▲ +1.0 percentage point vs 06-2025
08-2025: 1.8%● unchanged vs 07-2025
09-2025: 1.8%● unchanged vs 08-2025
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 1.9%▲ +0.1 percentage points vs 04-2026
06-2026: 1.8%▼ -0.1 percentage points vs 05-2026
07-2026: 1.9%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 1.1%▼ -0.8 percentage points vs 07-2026
09-2026: 1.1%● unchanged vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Equity €23,945 (7.7% of total assets)
lowers risk
Founded in 1989
Figures for financial year 2025 (filed on 15-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 17% of them on solvency, 14% on liquidity, 47% on profitability and 83% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,083 companies had the same profile as HINION has now. Each dot stands for 3 companies, two years later.
96.8%
were still trading
2.2%
stopped another way
0.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HINION itself is higher: 1.1% within 12 months. It rests on far more data about HINION than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,083 companies, not a prediction for HINION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.52 (0.55 in 2024), below 1. Short-term debt is 79.9% and cash 8.3% of total assets. 92.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2818 sector peers (2025).
NBB · sector comparisonPosition among 2818 sector peers
Solvency
better than 16%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 days early
2024
44 days early
2023
30 days early
2022
34 days early
2021
13 days early
2020
61 days late
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0438092778
First establishment
HINION Bouw & Renovatie BVBA, Wierookstraat 53, Deinze
Incorporation
published on 24-08-1989 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HINION Deinze | €310,585 | €229,610 | 7.7% | 3 |
| D. & S. Zulte | €346,084 | €215,725 | 19.5% | 2.3 |
| BELWALL Mol | €316,327 | €243,032 | 13.0% | 3.4 |
| DITO Sint-Lievens-Houtem | €278,068 | €163,573 | 28.2% | 2.3 |
| Dekijndt Aannemingen Eeklo | €280,794 | €183,043 | 19.8% | 1.9 |
| WOUTERS Balen | €296,169 | €186,001 | -278.6% | 3 |
| ABRAHAMS AND WATCHERS Houthalen-Helchteren | €389,545 | €255,777 | 63.4% | 4 |
These companies have the same main activity as HINION: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €278,000 and €390,000, founded between 1979 and 1995.
Official details
Source: KBO- Status
- Active since 01-08-1989Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Joint committee
- 124Construction · annual accounts 2025
- Establishment unit
- 2.045.243.9119800 Deinze, since 09-10-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 19-08-2025
Annual accounts 2025
- €310,585▼ 5.4%
- Employeeson 31-12-2025
- 2▼ 50.0%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on HINION
HINION files the abbreviated format. That format states no turnover. The gross margin fell from €470,707 in 2006 to €229,610 in 2025.
BOKRI holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HINION
- What is the company number of HINION?
- The company number of HINION is 0438.092.778. The VAT number is the same number with BE in front: BE 0438.092.778.
- Where is HINION based?
- The registered office is at Wierookstraat 53, 9800 Deinze.Company details
- What does HINION do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of HINION?
- HINION is a private limited company (BV).
- When was HINION founded?
- HINION was founded on 01-08-1989.
- Is HINION still active?
- Yes, HINION is an active enterprise in the KBO register.
- How many employees does HINION have?
- HINION had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HINION fall under?
- In its 2025 annual accounts, HINION states joint committee 124 (Construction).
- What is the turnover of HINION?
- The turnover in financial year 2025 is ≈ €810,000. This figure is estimated from the gross margin of €229,610 and 126 comparable companies (NACE 41001). It probably lies between €550,000 and €1.3m.
- Is HINION profitable?
- In financial year 2025, HINION made a profit of €9,401.
- Where can I find the annual accounts of HINION?
- HINION filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HINION due?
- HINION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
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