HINOA
ActiveSummary
HINOA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €243k and a net result of €82k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+88
Solvency71▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.9 in 2023; short-term debt: 51.7% and cash: 3.5% of total assets), but 54% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
205 d late
2022
59 d late
2021
127 d late
2020
172 d late
2019
116 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€243k▲ 50.7%
2023 · €161k
Total assets
€529k▲ 59.9%
2023 · €330k
Net result
€82k
2023 · €-112k
Working capital
€219k▲ 55.6%
2023 · €141k
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
Line20202021202220232024
Operating result€130k▲ 85.7%€130k▲ 0.1%€133k▲ 2.3%€-107k€87k
Net result€92k▲ 102%€87k▼ 5.2%€89k▲ 2.2%€-112k€82k
Equity€157k▲ 143%€244k▲ 55.8%€333k▲ 36.6%€161k▼ 51.6%€243k▲ 50.7%
Total assets€346k▲ 12.4%€498k▲ 44.1%€579k▲ 16.3%€330k▼ 42.9%€529k▲ 59.9%
Debt€189k▼ 22.2%€254k▲ 34.4%€226k▼ 11.1%€169k▼ 25.2%€285k▲ 68.8%
Working capital€60k€161k▲ 167%€292k▲ 81.0%€141k▼ 51.8%€219k▲ 55.6%
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 returns to profit in 2024: €87k after a loss of €107k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €529k
Fixed assets
€36k ▲ 9.2%
Current assets
€493k ▲ 65.6%
Equity and liabilities €529k
Equity
€243k ▲ 50.7%
Debt
€285k ▲ 68.8%
Debt's share of the balance-sheet total rises from 51.2% to 54.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102k▲
2023 · €-53k
Cash flow
€97k▲
2023 · €-58k
Current ratio
1.80▼
2023 · 1.90
Quick ratio
1.68▼
2023 · 1.84
Debt to equity
1.17▲
2023 · 1.05
ROE
33.6%▲
2023 · -69.3%
ROA
15.5%▲
2023 · -33.9%
Interest coverage
29.13▲
2023 · -12.59
Debt ≤ 1 year
€273k▲
2023 · €157k
Debt > 1 year
€12k▼
2023 · €12k
Income taxes
€2k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48k | €53k | €60k | €53k | €15k | ▼ 71.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-20k | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €20k | - | - | - |
| Other operating charges640/8 | - | €39k | €15k | €10k | €26k | ▲ 163% |
| Non-recurring operating charges66A | - | €64k | - | €2k | - | - |
| Gross operating margin9900 | €183k | €286k | €229k | €-62k | €128k | ▲ 308% |
| Operating profit (loss)9901 | €130k | €130k | €133k | €-107k | €87k | ▲ 182% |
| Financial income75/76B | - | €51 | €4k | €15 | €227 | ▲ 1,433% |
| Recurring financial income75 | €20 | €51 | €4k | €15 | €227 | ▲ 1,433% |
| Financial charges65/66B | - | €5k | €6k | €4k | €4k | ▼ 16.9% |
| Recurring financial charges65 | €4k | €5k | €6k | €4k | €4k | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | €126k | €125k | €131k | €-111k | €84k | ▲ 176% |
| Income taxes67/77 | €34k | €38k | €42k | €1k | €2k | ▲ 81.0% |
| Profit (loss) for the period9904 | €92k | €87k | €89k | €-112k | €82k | ▲ 173% |
| Profit (loss) for the period to be appropriated9905 | €92k | €87k | €89k | €-112k | €82k | ▲ 173% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €346k | €498k | €579k | €330k | €529k | ▲ 59.9% |
| Fixed assets21/28 | €141k | €128k | €90k | €33k | €36k | ▲ 9.2% |
| Intangible fixed assets21 | €131k | €85k | €39k | - | - | - |
| Tangible fixed assets22/27 | €10k | €43k | €51k | €33k | €36k | ▲ 9.2% |
| Plant, machinery and equipment23 | - | €26k | €25k | €17k | €10k | ▼ 43.3% |
| Furniture and vehicles24 | - | €17k | €26k | €16k | €26k | ▲ 67.0% |
| Current assets29/58 | €205k | €371k | €489k | €297k | €493k | ▲ 65.6% |
| Stocks and contracts in progress3 | €58k | €190k | €88k | €9k | €33k | ▲ 282% |
| Stocks30/36 | - | €190k | €88k | €9k | €33k | ▲ 282% |
| Amounts receivable within one year40/41 | €124k | €133k | €259k | €267k | €440k | ▲ 64.6% |
| Trade receivables40 | - | €48k | €32k | €26k | €165k | ▲ 546% |
| Other amounts receivable41 | - | €85k | €227k | €241k | €275k | ▲ 13.8% |
| Cash at bank and in hand54/58 | €22k | €47k | €139k | €21k | €18k | ▼ 11.1% |
| Deferred charges and accrued income490/1 | - | €247 | €3k | €1k | €2k | ▲ 63.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €346k | €498k | €579k | €330k | €529k | ▲ 59.9% |
| Equity10/15 | €157k | €244k | €333k | €161k | €243k | ▲ 50.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €90k | €170k | €250k | €250k | €250k | = |
| Non-distributable reserves130/1 | - | €170k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Other1319 | - | €168k | - | - | - | - |
| Distributable reserves133 | - | - | €248k | €250k | €250k | = |
| Profit (loss) carried forward14 | €48k | €56k | €65k | €-107k | €-25k | ▲ 76.4% |
| Provisions and deferred taxes16 | - | - | €20k | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €20k | - | - | - |
| Other liabilities and charges164/5 | - | - | €20k | - | - | - |
| Amounts payable17/49 | €189k | €254k | €226k | €169k | €285k | ▲ 68.8% |
| Amounts payable after more than one year17 | €45k | €45k | €29k | €12k | €12k | ▼ 4.1% |
| Financial debts170/4 | - | €45k | €29k | - | €11k | - |
| Trade debts175 | - | - | - | €6k | - | - |
| Advances received on contracts in progress176 | - | - | - | €6k | €1k | ▼ 79.8% |
| Amounts payable within one year42/48 | €144k | €209k | €197k | €157k | €273k | ▲ 74.5% |
| Current portion of amounts payable after more than one year42 | - | €16k | €16k | €17k | €19k | ▲ 14.1% |
| Financial debts43 | - | €12k | €14k | €3k | €8k | ▲ 165% |
| Credit institutions430/8 | - | - | - | €3k | €8k | ▲ 165% |
| Other loans439 | - | €12k | €14k | - | - | - |
| Trade debts44 | €82k | €165k | €145k | €105k | €212k | ▲ 101% |
| Suppliers440/4 | - | €165k | €145k | €105k | €212k | ▲ 101% |
| Taxes, remuneration and social security45 | - | €16k | €21k | €32k | €35k | ▲ 9.3% |
| Taxes450/3 | - | €16k | €21k | €32k | €35k | ▲ 9.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92k | €87k | €89k | €-112k | €82k | ▲ 173% |
| + Depreciation and write-downs630 | €48k | €53k | €60k | €53k | €15k | ▼ 71.5% |
| Operating cash flow (approximation) | €140k | €140k | €150k | €-58k | €97k | ▲ 266% |
| Investment in fixed assets (approximation) | - | €-39k | €-23k | €4k | €-18k | ▼ 618% |
| Change in cash | - | €25k | €92k | €-119k | €-2k | ▲ 98.0% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
21-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 205 days late
2024
31-12
Financial
Back to profitnet €82k
Net result €82k after one loss-making year.
31-12
Financial
Equity above €200kEq €243k ▲50.7%
Equity rises from €161k to €243k.
2023
31-12
Financial
Weakest financial yearnet €-112k
Net result drops to €-112k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 127 days late
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 172 days late
2021
31-12
Financial
Equity above €200kEq €244k ▲55.8%
3 profitable years in a row build equity to €244k.
2020
31-12
Financial
Highest result since 2019net €92k ▲102%
Net result €92k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 1.42
Current ratio from 0.54 to 1.42; short-term debt falls from €240k to €144k.
31-12
Financial
Equity above €150kEq €157k ▲143%
2 profitable years in a row build equity to €157k.
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
3 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, Hoogstraten · 1 establishment unit since 2018
Ground area
480 m²
Building footprint
101 m²
Volume, LiDAR
740 m³
Parcel 13014D0072/00B003, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HINOA
since 20182.281.498.495
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13014D0072/00B003 | Flanders | 480 m² | 1 · 101 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 192 companies in sector 46493 we hold annual accounts for 85. 62 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46493Wholesale trade
46649Wholesale of other machinery and equipment
46820Wholesale trade
46832Wholesale of timber
Scores and ratios are computed by Checked and are not a credit decision.