HIPA
ActiveHIPA has been active since 1955 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291k and a net result of €-64k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 862 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-1
Solvency57▼-5
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.53 in 2024), and 69.1% 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 49
Relative position
BE, all sectors
reference
Sector 49
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
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
34 d early
2023
30 d early
2022
19 d early
2021
17 d early
2020
45 d early
2019
on the day
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-64k
2024 · €962
2018: €31k
2019: €-68k
2020: €85k
2021: €79k
2022: €14k
2023: €104k
2024: €962
2018 → 2025
Working capital
€119k▼ 23.6%
2024 · €155k
2018: €197k
2019: €65k
2020: €161k
2021: €217k
2022: €223k
2023: €214k
2024: €155k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€275k-€274k▼ 0.2%€354k▲ 29.0%€355k▲ 0.3%€291k▼ 17.9%
Operating result€98k-€35k▼ 64.6%€127k▲ 267%€22k▼ 82.3%€-41k
Net result€79k-€14k▼ 81.7%€104k▲ 621%€962▼ 99.1%€-64k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €41k after €22k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €941k
Fixed assets
€513k▼ 24.0%
Current assets
€428k▼ 3.9%
Equity and liabilities €941k
Equity
€291k▼ 17.9%
Debt
€650k▼ 15.1%
The debt ratio rises from 68.4% to 69.1%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€146k▼
2024 · €155k
Cash flow
€124k▼
2024 · €133k
Solvency
30.9%▼
2024 · 31.6%
Current ratio
1.38▼
2024 · 1.53
Quick ratio
1.33▼
2024 · 1.49
Debt / equity
2.23▲
2024 · 2.16
ROE
-21.8%▼
2024 · 0.3%
ROA
-6.8%▼
2024 · 0.1%
Interest coverage
6.53▼
2024 · 7.22
Debt
€650k▼
2024 · €766k
Debt ≤ 1 year
€310k▲
2024 · €291k
Debt > 1 year
€340k▼
2024 · €475k
Staff costs
€337k▼
2024 · €342k
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€1.12M€941k▼
Fixed assets21/28€674k€513k▼
Tangible fixed assets22/27€674k€513k▼
Plant, machinery and equipment23€8k€14k▲
Furniture and vehicles24€305k€242k▼
Leasing and similar rights25€361k€256k▼
Current assets29/58€446k€428k▼
Stocks and contracts in progress3€13k€17k▲
Stocks30/36€13k€17k▲
Amounts receivable within one year40/41€269k€279k▲
Trade receivables40€172k€171k▼
Other amounts receivable41€97k€108k▲
Cash at bank and in hand54/58€112k€79k▼
Deferred charges and accrued income490/1€52k€53k▲
Equity and liabilities
Total equity and liabilities10/49€1.12M€941k▼
Equity10/15€355k€291k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€251k€251k=
Non-distributable reserves130/1€5k€5k=
Legal reserve130€5k€5k=
Tax-exempt reserves132€245k€245k=
Profit (loss) carried forward14€42k€-22k▼
Amounts payable17/49€766k€650k▼
Amounts payable after more than one year17€475k€340k▼
Financial debts170/4€475k€340k▼
Amounts payable within one year42/48€291k€310k▲
Current portion of amounts payable after more than one year42€148k€135k▼
Trade debts44€61k€91k▲
Suppliers440/4€61k€91k▲
Taxes, remuneration and social security45€32k€34k▲
Taxes450/3€2k€2k▼
Remuneration and social security454/9€30k€32k▲
Other amounts payable47/48€50k€50k▼
Accrued charges and deferred income492/3-€31
Income statement
Code20242025
Remuneration, social security and pensions62€342k€337k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€132k€187k▲
Other operating charges640/8€9k€7k▼
Gross operating margin9900€505k€490k▼
Operating profit (loss)9901€22k€-41k▼
Financial income75/76B€5€0▼
Recurring financial income75€5€0▼
Financial charges65/66B€21k€22k▲
Recurring financial charges65€21k€22k▲
Profit (loss) for the period before taxes9903€962€-64k▼
Income taxes67/77€0-
Profit (loss) for the period9904€962€-64k▼
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€962€-64k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€-22k▼
Profit (loss) brought forward from the previous period14P€41k€42k▲
Transfer to equity691/2€0-
To the legal reserve6920€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90876.05.5▼
The notes to these accounts (11 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
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €104k ▲621%
Operating result €127k, net result €104k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €275k ▲40.4%
2 profitable years in a row build equity to €275k.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €85k
Net result €85k after one loss-making year.
31-12
Financial
Equity above €150kEq €196k ▲76.3%
Equity rises from €111k to €196k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-68k ▼317%
Net result drops to €-68k, the lowest in the series; recovery starts the following year.
15-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 15 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-01-2022
Annemie Goeminne: Resigned as Director
01-01-2022
BV Jotha Invest: Resigned as Director
01-01-2022
David De Noyette: Resigned as Director
01-01-2022
Hilde Gillis: Resigned as Director
01-01-2022
Hilde Gillis: Resigned as Managing director
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brusselsesteenweg 709090 Merelbeke-MelleGround area
1,488 m²
Building footprint
256 m²
Volume, LiDAR
1,401 m³
Parcel 44402A0385/00D012, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HIPA N.V.
since 20012.073.134.082
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44402A0385/00D012 | Flanders | 1,488 m² | 1 · 256 m² | 8.8 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 4,353 EUR awarded · 4,294 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 406 EUR | 406 EUR |
| 2024 | 1 | 117 EUR | 477 EUR |
| 2023 | 2 | 3,617 EUR | 3,198 EUR |
| 2022 | 1 | 213 EUR | 213 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
VERVOER LIECKENS
BE 0429.002.888
Grobbendonk · Eq €291k
Inttrabest Transport
BE 0785.749.389
Kinrooi · Eq €291k
SHEVA TRANSPORTS
BE 0886.432.520
Merchtem · Eq €291k
L & P Trans
BE 0465.064.223
Kasterlee · Eq €291k
DIVATRANS
BE 0437.361.320
Staden · Eq €291k
Of 12,449 companies in sector 49410 we hold annual accounts for 8,086. 5,799 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-11-1955
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.