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HIPA

Active
Public limited companyfounded 1955active for 70 yearsBrusselsesteenweg 70, 9090 Merelbeke-Melle, BelgiumKBO/BCE: BE 0402.081.331
Summary

HIPA has been active since 1955 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €290,996 and a net result of -€63,542. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 40% of 1,078 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow ReportCompare
HIPAActiveChecked score 68/100
Risk analysis ReportCompare

Overview

Activity
Freight transport by road
NACE 49410
Oldest company in Merelbeke-Melle, Transport and storage sector1 site
Size
≈ €1.1mturnover 2025, estimated
Staff
5.5 FTE
Equity
€290,996
Loss
-€63,542
Turnover estimated from the gross margin
Financial health
68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Parent
AD2TL · 99.87%
2025 accounts 23 days early2 of 6 deeds summarised
Why 68raises riskSector: Land transport and transport via pipelines (NACE 49)Loss of €63,542 (financial year 2025)Size: 5.5 FTE, total assets €941,020lowers riskFounded in 1955Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 36% of its sector peers (NACE 49, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 56-1
equity 30.9% of total assets
Liquidity 46-7
short-term debt 32.9% · cash 8.4%
Profitability 60-9
return on assets -6.8%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,099 companies, NACE 49, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.5%▲ +0.1 percentage points vs 06-2026 08-2026: 0.7%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.7%● unchanged vs 08-2026highest value 10-2026: 0.7%● unchanged vs 09-2026highest value
Credit of up to €19,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.38, compared with 1.53 in 2024, below the usual 1.5; short-term debt: 32.9% and cash: 8.4% of total assets), and 69.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 49, micro): better than 43% on solvency, 46% on liquidity, 33% on profitability and 22% on growth.

The bankruptcy probability was computed on 30-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
raises risk · Loss of €63,542 (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 1955
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: 5.5 FTE, total assets €941,020
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
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 filings
Deviation from the deadline
2025
23 days early
2024
34 days early
2023
30 days early
2022
19 days early
2021
17 days early
2020
45 days early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 24 days before the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% 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 8 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointment: David De Noyette (director)Permanent representative: Annemie Goeminne
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Caution: From profit to loss in 2025after €962 in 2024 -€63,542 View
  • Positive: Oldest company in Merelbeke-Melle, Transport and storage sectorin the Checked rankings No. 1 View
  • Controlled by AD2TL 99.87% View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
  • Active since 1955founded 06-11-1955 70 years View
  • New directorlatest change 01-01-2026 · 1 in office 1 joined View

By topic

Financials

Financial year
2025
Total assets
€941,020
Loss
-€63,542
Solvency
30.9%
Total assets▼ 16.0%
Net result
20182025
Go to Financials

Timeline

Events
55
Since
1978
Next accounts
by 31-07-2027
  1. 01-07-2024Annual accounts filed
  2. 31-12-2023Highest result from 2018 to 2025
  3. 12-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Freight transport by roadNACE 49410
Founded
06-11-1955
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
42
Annual meeting
Second Tuesday of June at 16:00
Purpose
“Uitbating van een transportonderneming voor nationaal en internationaal vervoer…” (deed in Dutch)
Go to Articles of association

Key facts about HIPA

What is the company number of HIPA?
0402.081.331. In Belgium the VAT number is the company number with BE in front: BE 0402.081.331.
Where is HIPA based?
The registered office is at Brusselsesteenweg 70, 9090 Merelbeke-Melle.Company details
What does HIPA do?
According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of HIPA?
Public limited company (NV).
When was HIPA founded?
On 06-11-1955.
Is HIPA still active?
Yes, HIPA is an active enterprise in the KBO register.
How many employees does HIPA have?
On average 5.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HIPA?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is HIPA profitable?
In financial year 2025, HIPA made a loss of €63,542.
Where can I find the annual accounts of HIPA?
HIPA filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HIPA due?
By 31-07-2027, for financial year 2026.Timeline

Companies related to HIPA

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