HIPICO
ActiveHIPICO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 2268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▼-8
Solvency51▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.48 against 0.98 in 2024; short-term debt: 71.9% and cash: 7.5% of total assets), and 73.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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
26.2%
Return on assets
17.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
61 d late
2022
31 d late
2021
4 d early
2020
31 d late
2019
90 d late
← 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, micro schema
Equity
€20k▲ 203%
2024 · €7k
2018: €-30k
2019: €4k
2020: €7k
2021: €15k
2022: €9k
2023: €-2k
2024: €7k
2018 → 2025
Total assets
€76k▲ 112%
2024 · €36k
2018: €28k
2019: €30k
2020: €35k
2021: €35k
2022: €34k
2023: €29k
2024: €36k
2018 → 2025
Net result
€13k▲ 52.4%
2024 · €9k
2018: €-2k
2019: €24k
2020: €2k
2021: €7k
2022: €-6k
2023: €-11k
2024: €9k
2018 → 2025
Working capital
€-29k▼ 6,522%
2024 · €-433
2018: €-26k
2019: €4k
2020: €888
2021: €7k
2022: €-4k
2023: €-12k
2024: €-433
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15k-€9k▼ 39.6%€-2k€7k€20k▲ 203%
Operating result€7k-€-6k€-11k▼ 90.4%€9k€13k▲ 51.7%
Net result€7k-€-6k€-11k▼ 89.0%€9k€13k▲ 52.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 52% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€50k▲ 427%
Current assets
€26k▼ 1.1%
Equity and liabilities €76k
Equity
€20k▲ 203%
Debt
€56k▲ 92.1%
The debt ratio falls from 81.7% to 73.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▲
2024 · €14k
Cash flow
€19k▲
2024 · €13k
Solvency
26.2%▲
2024 · 18.3%
Current ratio
0.48▼
2024 · 0.98
Quick ratio
0.48▼
2024 · 0.98
Debt / equity
2.82▼
2024 · 4.45
ROE
67.0%▼
2024 · 133.2%
ROA
17.5%▼
2024 · 24.4%
Interest coverage
199.76▲
2024 · 132.81
Debt
€56k▲
2024 · €29k
Debt ≤ 1 year
€55k▲
2024 · €27k
Staff costs
€21k▼
2024 · €26k
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€36k€76k▲
Fixed assets21/28€10k€50k▲
Tangible fixed assets22/27€9k€50k▲
Plant, machinery and equipment23€6k€6k▲
Furniture and vehicles24€4k€44k▲
Financial fixed assets28€124€124=
Current assets29/58€26k€26k▼
Amounts receivable within one year40/41€25k€20k▼
Trade receivables40€24k€19k▼
Other amounts receivable41€977€2k▲
Cash at bank and in hand54/58€1k€6k▲
Equity and liabilities
Total equity and liabilities10/49€36k€76k▲
Equity10/15€7k€20k▲
Contributions10/11€25k€25k=
Reserves13€349€349=
Distributable reserves133€349€349=
Profit (loss) carried forward14€-19k€-5k▲
Amounts payable17/49€29k€56k▲
Amounts payable within one year42/48€27k€55k▲
Trade debts44€14k€10k▼
Suppliers440/4€14k€10k▼
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€29€15▼
Remuneration and social security454/9€4k€3k▼
Other amounts payable47/48€9k€42k▲
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€1k€17k▲
Remuneration, social security and pensions62€26k€21k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€845€884▲
Gross operating margin9900€40k€41k▲
Operating profit (loss)9901€9k€13k▲
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€102€97▼
Recurring financial charges65€102€97▼
Profit (loss) for the period before taxes9903€9k€13k▲
Profit (loss) for the period9904€9k€13k▲
Profit (loss) for the period to be appropriated9905€9k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-5k▲
Profit (loss) brought forward from the previous period14P€-28k€-19k▲
Transfer from equity791/2€0-
The notes to these accounts (16 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.16
Current ratio from 0.48 to 1.16; short-term debt falls from €50k to €26k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Beloeil · 1 establishment unit since 2008
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.
Chemin Vert (ESA) 57972 BeloeilGround area
4,849 m²
Building footprint
32 m²
Parcel 51018B0488/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chemin Vert (ESA) 5, 7972 Beloeil
since 20082.168.156.668
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51018B0488/00B000 | Wallonia | 4,849 m² | 1 · 32 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 3,290 companies in sector 93110 we hold annual accounts for 1,492. 766 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-05-1995
Fiscal year end31-12
Activities, NACEBEL
92613
93110Operation of sports facilities
93127Equestrian clubs
01220
01450Raising of sheep and goats
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.