HIPPOCAMPUS
ActiveSummary
HIPPOCAMPUS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €982k and a net result of €-8k. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+1
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 19.34 against 13.7 in 2024; short-term debt: 0.4% and cash: 3.4% of total assets), and 0.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
99.6%
Return on assets
-0.8%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
29 d late
2023
5 d early
2022
30 d late
2021
31 d late
2020
86 d late
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€982k▼ 1.2%
2024 · €994k
Total assets
€986k▼ 1.2%
2024 · €997k
Net result
€-8k▲ 52.4%
2024 · €-17k
Working capital
€69k▲ 51.8%
2024 · €45k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-10k▼ 52.8%€476k€-6k€-18k▼ 208%€-10k▲ 46.7%
Net result€-23k€311k€-5k€-17k▼ 240%€-8k▲ 52.4%
Equity€1.72M▼ 1.3%€1.02M▼ 40.5%€1.01M▼ 0.8%€994k▼ 2.0%€982k▼ 1.2%
Total assets€1.72M▼ 1.8%€1.18M▼ 31.4%€1.17M▼ 0.7%€997k▼ 15.0%€986k▼ 1.2%
Debt€4k▼ 68.0%€158k▲ 4,105%€158k▲ 0.4%€4k▼ 97.7%€4k▲ 5.0%
Working capital€600k▼ 0.3%€88k▼ 85.3%€54k▼ 38.8%€45k▼ 16.0%€69k▲ 51.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €18k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €986k
Fixed assets
€913k ▼ 3.7%
Current assets
€73k ▲ 48.3%
Equity and liabilities €986k
Equity
€982k ▼ 1.2%
Debt
€4k ▲ 5.0%
Debt's share of the balance-sheet total stays at 0.4%.
Key figures and ratios
EBITDA
€25k▲
2024 · €16k
Cash flow
€27k▲
2024 · €17k
Current ratio
19.34▲
2024 · 13.70
Debt to equity
0.00▲
2024 · 0.00
ROE
-0.8%▲
2024 · -1.7%
ROA
-0.8%▲
2024 · -1.7%
Interest coverage
276.84▲
2024 · 54.72
Debt ≤ 1 year
€4k▲
2024 · €4k
Income taxes
€75▲
2024 · €59
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €468k | €500 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €26k | €30k | €34k | €35k | ▲ 2.7% |
| Other operating charges640/8 | €13k | €7k | €8k | €7k | €10k | ▲ 31.2% |
| Gross operating margin9900 | €33k | €509k | €32k | €23k | €35k | ▲ 51.1% |
| Operating profit (loss)9901 | €-10k | €476k | €-6k | €-18k | €-10k | ▲ 46.7% |
| Financial income75/76B | €8k | €236 | €1k | €2k | €2k | ▲ 12.9% |
| Recurring financial income75 | €8k | €236 | €1k | €2k | €2k | ▲ 12.9% |
| Financial charges65/66B | €92 | €99 | €72 | €289 | €92 | ▼ 68.3% |
| Recurring financial charges65 | €92 | €99 | €72 | €289 | €92 | ▼ 68.3% |
| Profit (loss) for the period before taxes9903 | €-2k | €476k | €-5k | €-17k | €-8k | ▲ 52.7% |
| Income taxes67/77 | €21k | €165k | €27 | €59 | €75 | ▲ 26.3% |
| Profit (loss) for the period9904 | €-23k | €311k | €-5k | €-17k | €-8k | ▲ 52.4% |
| Profit (loss) for the period to be appropriated9905 | €-23k | €311k | €-5k | €-17k | €-8k | ▲ 52.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.72M | €1.18M | €1.17M | €997k | €986k | ▼ 1.2% |
| Fixed assets21/28 | €1.12M | €935k | €960k | €948k | €913k | ▼ 3.7% |
| Intangible fixed assets21 | €100 | €50 | - | - | - | - |
| Tangible fixed assets22/27 | €1.12M | €934k | €960k | €948k | €913k | ▼ 3.7% |
| Land and buildings22 | €1.10M | €924k | €905k | €906k | €884k | ▼ 2.4% |
| Plant, machinery and equipment23 | €8k | €4k | €1k | €693 | - | - |
| Furniture and vehicles24 | €9k | €6k | €54k | €42k | €29k | ▼ 31.3% |
| Current assets29/58 | €604k | €246k | €212k | €49k | €73k | ▲ 48.3% |
| Amounts receivable within one year40/41 | €585k | €14k | €24k | €29k | €35k | ▲ 19.1% |
| Other amounts receivable41 | €585k | €14k | €24k | €29k | €35k | ▲ 19.1% |
| Cash at bank and in hand54/58 | €18k | €231k | €187k | €19k | €34k | ▲ 78.4% |
| Deferred charges and accrued income490/1 | €2k | €557 | €1k | €724 | €4k | ▲ 445% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.72M | €1.18M | €1.17M | €997k | €986k | ▼ 1.2% |
| Equity10/15 | €1.72M | €1.02M | €1.01M | €994k | €982k | ▼ 1.2% |
| Contributions10/11 | €1.01M | €109k | €109k | €109k | €109k | = |
| Reserves13 | €710k | €914k | €905k | €885k | €873k | ▼ 1.3% |
| Distributable reserves133 | €710k | €914k | €905k | €885k | €873k | ▼ 1.3% |
| Amounts payable17/49 | €4k | €158k | €158k | €4k | €4k | ▲ 5.0% |
| Amounts payable within one year42/48 | €4k | €158k | €158k | €4k | €4k | ▲ 5.0% |
| Trade debts44 | €114 | €362 | €1k | €3k | €3k | ▼ 2.8% |
| Suppliers440/4 | €114 | €362 | €1k | €3k | €3k | ▼ 2.8% |
| Taxes, remuneration and social security45 | €612 | €157k | €157k | €262 | €536 | ▲ 105% |
| Taxes450/3 | €612 | €157k | €157k | €262 | €536 | ▲ 105% |
| Other amounts payable47/48 | €3k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-23k | €311k | €-5k | €-17k | €-8k | ▲ 52.4% |
| + Depreciation and write-downs630 | €30k | €26k | €30k | €34k | €35k | ▲ 2.7% |
| Operating cash flow (approximation) | €7k | €337k | €25k | €17k | €27k | ▲ 58.1% |
| Investment in fixed assets (approximation) | - | €157k | €-55k | €-22k | €0 | ▲ 100% |
| Change in cash | - | €214k | €-44k | €-168k | €15k | ▲ 109% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity times 10current ratio 13.70
Current ratio from 1.34 to 13.70; short-term debt falls from €158k to €4k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €311k
Net result €311k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 161.22
Current ratio from 52.45 to 161.22; short-term debt falls from €12k to €4k.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €94k
Net result €94k after one loss-making year.
Show earlier events
31-12
Financial
Liquidity times 5current ratio 1981.36
Current ratio from 432.69 to 1981.36; short-term debt falls from €971 to €274.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 122 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Koksijde · 1 establishment unit since 1991
Ground area
1,887 m²
Building footprint
193 m²
Volume, LiDAR
1,003 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Albert I Laan(Odk) 80, 8670 Koksijde
since 19912.052.887.214
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502G0131/00A000 | Flanders | 1,778 m² | 1 · 193 m² | 8.2 m · 2 fl. |
| 38502G0103/00A000 | Flanders | 109 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,606 companies in sector 47551 we hold annual accounts for 1,718. 1,036 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
46472Wholesale trade
47559Retail sale of other household articles
47690Retail sale of other cultural and recreation goods
47791Retail sale of antiques
71112Activities of interior architects
Scores and ratios are computed by Checked and are not a credit decision.