HIP2C
ActiveHIP2C has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220k and a net result of €13k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 69% of 27268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▼-39
Solvency99▲+9
Growth52▲+20
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.74 against 1.82 in 2024), and 35.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.2%
Return on assets
3.7%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
37 d early
2023
26 d early
2022
40 d early
2021
6 d early
2020
2 d early
2019
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close12-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€220k▲ 6.2%
2024 · €207k
2019: €217k
2020: €218k
2021: €236k
2022: €230k
2023: €210k
2024: €207k
2019 → 2025
Total assets
€342k▼ 19.3%
2024 · €424k
2019: €388k
2020: €368k
2021: €365k
2022: €380k
2023: €330k
2024: €424k
2019 → 2025
Net result
€13k▼ 54.4%
2024 · €28k
2019: €31k
2020: €786
2021: €19k
2022: €26k
2023: €26k
2024: €28k
2019 → 2025
Working capital
€159k▲ 17.6%
2024 · €135k
2019: €185k
2020: €176k
2021: €177k
2022: €155k
2023: €149k
2024: €135k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€236k-€230k▼ 2.7%€210k▼ 8.6%€207k▼ 1.5%€220k▲ 6.2%
Operating result€20k-€35k▲ 76.8%€37k▲ 6.0%€40k▲ 7.9%€19k▼ 52.0%
Net result€19k-€26k▲ 39.8%€26k▼ 1.6%€28k▲ 7.9%€13k▼ 54.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 52% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €342k
Fixed assets
€92k▼ 25.3%
Current assets
€250k▼ 16.9%
Equity and liabilities €342k
Equity
€220k▲ 6.2%
Debt
€122k▼ 43.6%
The debt ratio falls from 51.2% to 35.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€58k▼
2024 · €80k
Cash flow
€51k▼
2024 · €68k
Solvency
64.2%▲
2024 · 48.8%
Current ratio
2.74▲
2024 · 1.82
Quick ratio
2.38▲
2024 · 1.64
Debt / equity
0.56▼
2024 · 1.05
ROE
5.8%▼
2024 · 13.5%
ROA
3.7%▼
2024 · 6.6%
Interest coverage
14.89▼
2024 · 25.93
Debt
€122k▼
2024 · €217k
Debt ≤ 1 year
€91k▼
2024 · €166k
Debt > 1 year
€30k▼
2024 · €48k
Income taxes
€8k▼
2024 · €13k
Staff costs
€5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€424k€342k▼
Fixed assets21/28€123k€92k▼
Tangible fixed assets22/27€123k€92k▼
Land and buildings22€13k€6k▼
Plant, machinery and equipment23€14k€11k▼
Furniture and vehicles24€97k€76k▼
Current assets29/58€300k€250k▼
Amounts receivable after more than one year29€60k€60k=
Other amounts receivable291€60k€60k=
Stocks and contracts in progress3€30k€32k▲
Stocks30/36€30k€32k▲
Amounts receivable within one year40/41€41k€45k▲
Trade receivables40€38k€11k▼
Other amounts receivable41€2k€34k▲
Cash at bank and in hand54/58€166k€107k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€424k€342k▼
Equity10/15€207k€220k▲
Contributions10/11€19k€19k=
Reserves13€186k€199k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€552€552=
Distributable reserves133€184k€197k▲
Profit (loss) carried forward14€2k€2k=
Amounts payable17/49€217k€122k▼
Amounts payable after more than one year17€48k€30k▼
Financial debts170/4€48k€30k▼
Amounts payable within one year42/48€166k€91k▼
Current portion of amounts payable after more than one year42€22k€19k▼
Trade debts44€61k€31k▼
Suppliers440/4€61k€31k▼
Taxes, remuneration and social security45€10k€5k▼
Taxes450/3€10k€5k▼
Other amounts payable47/48€73k€37k▼
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€39k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€82k€66k▼
Operating profit (loss)9901€40k€19k▼
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€40k€20k▼
Income taxes67/77€13k€8k▼
Profit (loss) for the period9904€28k€13k▼
Profit (loss) for the period to be appropriated9905€28k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€15k▼
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer from equity791/2€31k€0▼
Transfer to equity691/2€28k€13k▼
To other reserves6921€28k€13k▼
Profit to be distributed694/7€31k€0▼
Return on contributions (dividend)694€31k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €786 ▼97.5%
Net result drops to €786, the lowest in the series; recovery starts the following year.
2019
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2024
Davy De Maesschalck
CurrentDirector · since 06-12-2024
06-12-2024
Appointed as Director
Not every act has been read: a resignation may be missing here
3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 2012
Ground area
691 m²
Parcel 46446B1011/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
Saninetto
since 20122.207.254.893
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46446B1011/00E000 | Flanders | 691 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 6,988 companies in sector 43221 we hold annual accounts for 3,443. 2,820 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-01-2012
Fiscal year end31-03
Trade name NL
SANINETTO
Activities, NACEBEL
43221Plumbing work
16110Sawmilling and planing of wood
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43410Roofing work
46836Wholesale trade
47527Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.