HIPPO
ActiveSummary
HIPPO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€136,102) and a net result of -€2,257. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 7% of 970 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-19
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.02 in 2024; short-term debt: 222.7% and cash: 12.5% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-127.3%
Return on assets
-2.1%
Age of the figures
9 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€136,102
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
7 d early
2023
8 d early
2022
14 d early
2021
40 d early
2020
32 d early
2019
20 d late
← 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 8 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 24 July (5 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€136,102▼ 1.7%
2024 · -€133,845
Total assets
€106,923=
2024 · €106,894
Net result
-€2,257
2024 · €120
Working capital
-€224,477▲ 0.4%
2024 · -€225,377
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,378-€4,585-€5,774▼ 25.9%€2,303€415▼ 82.0%
Net result€1,611within the sector's middle half-€7,120below the sector's middle half-€8,117below the sector's middle half▼ 14.0%€120within the sector's middle half-€2,257within the sector's middle half
Equity-€118,728below the sector's middle half▲ 1.3%-€125,848below the sector's middle half▼ 6.0%-€133,965below the sector's middle half▼ 6.4%-€133,845below the sector's middle half▲ 0.1%-€136,102below the sector's middle half▼ 1.7%
Total assets€140,020within the sector's middle half▼ 8.9%€133,234within the sector's middle half▼ 4.8%€116,579within the sector's middle half▼ 12.5%€106,894within the sector's middle half▼ 8.3%€106,923within the sector's middle half=
Debt€258,748▼ 5.6%€259,082▲ 0.1%€250,544▼ 3.3%€240,738▼ 3.9%€243,025▲ 0.9%
Working capital-€244,388below the sector's middle half▲ 4.6%-€231,681below the sector's middle half▲ 5.2%-€229,032below the sector's middle half▲ 1.1%-€225,377below the sector's middle half▲ 1.6%-€224,477below the sector's middle half▲ 0.4%
Solvency-84.8%below the sector's middle half▼ 6.5pp-94.5%below the sector's middle half▼ 9.7pp-114.9%below the sector's middle half▼ 20.5pp-125.2%below the sector's middle half▼ 10.3pp-127.3%below the sector's middle half▼ 2.1pp
Current ratio0.01below the sector's middle half=0.02below the sector's middle half=0.02below the sector's middle half=0.02below the sector's middle half=0.06below the sector's middle half▲ 0.04
Return on assets (ROA)1.2%within the sector's middle half▲ 3.4pp-5.3%below the sector's middle half▼ 6.5pp-7.0%below the sector's middle half▼ 1.6pp0.1%within the sector's middle half▲ 7.1pp-2.1%within the sector's middle half▼ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings.
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 82% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106,923
Fixed assets
€93,295 ▼ 9.5%
Current assets
€13,628 ▲ 256%
Key figures and ratios
EBITDA
€10,188▼
2024 · €12,083
Cash flow
€7,517▼
2024 · €9,900
Debt to equity
-1.79▲
2024 · -1.80
Interest coverage
4.06▼
2024 · 6.02
Debt ≤ 1 year
€238,105▲
2024 · €229,202
Debt > 1 year
€4,920▼
2024 · €11,536
Income taxes
€178▲
2024 · €174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,799 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,171 | €16,367 | €16,660 | €9,780 | €9,774 | ▼ 0.1% |
| Other operating charges640/8 | €1,934 | €1,932 | €2,119 | €2,249 | €2,271 | ▲ 1.0% |
| Gross operating margin9900 | €21,482 | €13,715 | €13,005 | €14,332 | €12,459 | ▼ 13.1% |
| Operating profit (loss)9901 | €3,378 | -€4,585 | -€5,774 | €2,303 | €415 | ▼ 82.0% |
| Financial income75/76B | €2 | €0 | - | €0 | €14 | ▲ 3,116% |
| Recurring financial income75 | €2 | €0 | - | €0 | €14 | ▲ 3,116% |
| Financial charges65/66B | €1,768 | €2,386 | €2,178 | €2,009 | €2,508 | ▲ 24.8% |
| Recurring financial charges65 | €1,768 | €2,386 | €2,178 | €2,009 | €2,508 | ▲ 24.8% |
| Profit (loss) for the period before taxes9903 | €1,611 | -€6,971 | -€7,951 | €295 | -€2,079 | ▼ 805% |
| Income taxes67/77 | €0 | €149 | €166 | €174 | €178 | ▲ 2.0% |
| Profit (loss) for the period9904 | €1,611 | -€7,120 | -€8,117 | €120 | -€2,257 | ▼ 1,974% |
| Profit (loss) for the period to be appropriated9905 | €1,611 | -€7,120 | -€8,117 | €120 | -€2,257 | ▼ 1,974% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140,020 | €133,234 | €116,579 | €106,894 | €106,923 | = |
| Fixed assets21/28 | €136,351 | €129,508 | €112,848 | €103,069 | €93,295 | ▼ 9.5% |
| Tangible fixed assets22/27 | €136,351 | €129,508 | €112,848 | €103,069 | €93,295 | ▼ 9.5% |
| Land and buildings22 | €122,591 | €122,628 | €112,848 | €103,069 | €93,295 | ▼ 9.5% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €13,760 | €6,880 | €0 | - | - | - |
| Current assets29/58 | €3,669 | €3,726 | €3,731 | €3,825 | €13,628 | ▲ 256% |
| Cash at bank and in hand54/58 | €3,248 | €3,248 | €3,256 | €3,266 | €13,328 | ▲ 308% |
| Deferred charges and accrued income490/1 | €421 | €478 | €475 | €559 | €300 | ▼ 46.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140,020 | €133,234 | €116,579 | €106,894 | €106,923 | = |
| Equity10/15 | -€118,728 | -€125,848 | -€133,965 | -€133,845 | -€136,102 | ▼ 1.7% |
| Contributions10/11 | €17,353 | €17,353 | €17,353 | €17,353 | €17,353 | = |
| Profit (loss) carried forward14 | -€136,081 | -€143,201 | -€151,318 | -€151,197 | -€153,454 | ▼ 1.5% |
| Amounts payable17/49 | €258,748 | €259,082 | €250,544 | €240,738 | €243,025 | ▲ 0.9% |
| Amounts payable after more than one year17 | €10,692 | €23,675 | €17,781 | €11,536 | €4,920 | ▼ 57.4% |
| Financial debts170/4 | €7,487 | €20,470 | €14,576 | €8,331 | €1,715 | ▼ 79.4% |
| Other amounts payable178/9 | €3,205 | €3,205 | €3,205 | €3,205 | €3,205 | = |
| Amounts payable within one year42/48 | €248,056 | €235,406 | €232,763 | €229,202 | €238,105 | ▲ 3.9% |
| Current portion of amounts payable after more than one year42 | €3,407 | €5,563 | €5,894 | €6,245 | €6,616 | ▲ 5.9% |
| Financial debts43 | €5,560 | €3,780 | €4,659 | €5,564 | €0 | ▼ 100% |
| Credit institutions430/8 | €5,560 | €3,780 | €4,659 | €5,564 | €0 | ▼ 100% |
| Trade debts44 | €246 | €235 | €517 | €2,077 | €872 | ▼ 58.0% |
| Suppliers440/4 | €246 | €235 | €517 | €2,077 | €872 | ▼ 58.0% |
| Taxes, remuneration and social security45 | - | €149 | €314 | €339 | €351 | ▲ 3.5% |
| Taxes450/3 | - | €149 | €314 | €339 | €351 | ▲ 3.5% |
| Other amounts payable47/48 | €238,843 | €225,679 | €221,379 | €214,978 | €230,266 | ▲ 7.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,611 | -€7,120 | -€8,117 | €120 | -€2,257 | ▼ 1,974% |
| + Depreciation and write-downs630 | €16,171 | €16,367 | €16,660 | €9,780 | €9,774 | ▼ 0.1% |
| Operating cash flow (approximation) | €17,782 | €9,247 | €8,543 | €9,900 | €7,517 | ▼ 24.1% |
| Investment in fixed assets (approximation) | - | -€9,524 | €0 | €0 | €0 | - |
| Change in cash | - | €0 | €8 | €10 | €10,063 | ▲ 102,060% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €120
Net result €120 after 2 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€8,117
Net result drops to -€8,117, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1,611
Net result €1,611 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial
Back to profitnet €10,692
Net result €10,692 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 1995
Ground area
212 m²
Building footprint
88 m²
Volume, LiDAR
950 m³
Parcel 11345B0406/00W000, Flanders · tallest building 11.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HIPPO BVBA
since 19952.071.823.394
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11345B0406/00W000 | Flanders | 212 m² | 1 · 88 m² | 11.1 m · 4 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 195 companies in sector 18110 we hold annual accounts for 134. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
18110Printing and reproduction of recorded media
18120Other printing
18130Pre-press and pre-media services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455095195
Also
9925:BE0455095195
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.