HIRCONSTRUCT
ActiveSummary
HIRCONSTRUCT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153,144 and a net result of €48,880. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 85% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+27
Solvency100▲+15
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 5.05 against 2.27 in 2024; short-term debt: 15.7% and cash: 45.1% of total assets), and 23% of the assets are financed with debt.
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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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
77%
Return on assets
24.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €153,144
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 13-06-2026, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
48 d early
2024
43 d early
2023
45 d early
2022
38 d early
2021
44 d early
2020
26 d late
2019
89 d late
← 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€153,144▲ 46.9%
2024 · €104,264
Total assets
€198,778▲ 14.4%
2024 · €173,779
Net result
€48,880▲ 1,162%
2024 · €3,873
Working capital
€126,869▲ 117%
2024 · €58,561
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€4,677▲ 8.5%€5,602▲ 19.8%-€29,340€7,045€64,686▲ 818%
Net result€242▼ 83.5%€2,139▲ 785%-€31,325€3,873€48,880▲ 1,162%
Equity€117,182▲ 0.2%€119,321▲ 1.8%€100,391▼ 15.9%€104,264▲ 3.9%€153,144▲ 46.9%
Total assets€193,322▼ 0.8%€190,012▼ 1.7%€193,829▲ 2.0%€173,779▼ 10.3%€198,778▲ 14.4%
Debt€76,140▼ 2.4%€70,690▼ 7.2%€93,438▲ 32.2%€69,515▼ 25.6%€45,634▼ 34.4%
Working capital€51,501▼ 43.0%€65,065▲ 26.3%€27,827▼ 57.2%€58,561▲ 110%€126,869▲ 117%
Staff (FTE)4=4=4=1.7▼ 57.5%2.8▲ 64.7%
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 818% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €198,778
Fixed assets
€40,602 ▼ 41.2%
Current assets
€158,176 ▲ 51.1%
Equity and liabilities €198,778
Equity
€153,144 ▲ 46.9%
Debt
€45,634 ▼ 34.4%
Debt's share of the balance-sheet total falls from 40.0% to 23.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93,166▲
2024 · €43,456
Cash flow
€77,360▲
2024 · €40,284
Current ratio
5.05▲
2024 · 2.27
Debt to equity
0.30▼
2024 · 0.67
ROE
31.9%▲
2024 · 3.7%
ROA
24.6%▲
2024 · 2.2%
Interest coverage
64.19▲
2024 · 15.46
Debt ≤ 1 year
€31,307▼
2024 · €46,137
Debt > 1 year
€14,327▼
2024 · €23,378
Income taxes
€14,357▲
2024 · €361
Staff costs
€23,770▼
2024 · €55,437
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €131,698 | €101,598 | €72,562 | €55,437 | €23,770 | ▼ 57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,462 | €26,623 | €30,686 | €36,411 | €28,480 | ▼ 21.8% |
| Other operating charges640/8 | €11,749 | €2,678 | €8,088 | €2,721 | €2,398 | ▼ 11.9% |
| Gross operating margin9900 | €169,586 | €136,499 | €81,996 | €101,614 | €119,334 | ▲ 17.4% |
| Operating profit (loss)9901 | €4,677 | €5,602 | -€29,340 | €7,045 | €64,686 | ▲ 818% |
| Financial income75/76B | €50 | €1,180 | €169 | €0 | €2 | ▲ 944% |
| Recurring financial income75 | €50 | €1,180 | €169 | €0 | €2 | ▲ 944% |
| Financial charges65/66B | €931 | €1,046 | €1,637 | €2,811 | €1,451 | ▼ 48.4% |
| Recurring financial charges65 | €931 | €1,046 | €1,637 | €2,811 | €1,451 | ▼ 48.4% |
| Profit (loss) for the period before taxes9903 | €3,796 | €5,735 | -€30,808 | €4,235 | €63,236 | ▲ 1,393% |
| Income taxes67/77 | €3,554 | €3,596 | €517 | €361 | €14,357 | ▲ 3,874% |
| Profit (loss) for the period9904 | €242 | €2,139 | -€31,325 | €3,873 | €48,880 | ▲ 1,162% |
| Profit (loss) for the period to be appropriated9905 | €242 | €2,139 | -€31,325 | €3,873 | €48,880 | ▲ 1,162% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193,322 | €190,012 | €193,829 | €173,779 | €198,778 | ▲ 14.4% |
| Fixed assets21/28 | €97,173 | €70,551 | €105,492 | €69,082 | €40,602 | ▼ 41.2% |
| Tangible fixed assets22/27 | €97,173 | €70,551 | €105,492 | €69,082 | €40,602 | ▼ 41.2% |
| Plant, machinery and equipment23 | €1,915 | €973 | €1,269 | €783 | €494 | ▼ 36.9% |
| Furniture and vehicles24 | €95,258 | €69,577 | €104,223 | €68,298 | €40,108 | ▼ 41.3% |
| Current assets29/58 | €96,149 | €119,461 | €88,337 | €104,697 | €158,176 | ▲ 51.1% |
| Amounts receivable within one year40/41 | €32,468 | €86,967 | €48,777 | €56,793 | €64,910 | ▲ 14.3% |
| Trade receivables40 | €3,206 | €66,960 | €16,162 | €25,584 | €36,637 | ▲ 43.2% |
| Other amounts receivable41 | €29,262 | €20,007 | €32,615 | €31,209 | €28,273 | ▼ 9.4% |
| Cash at bank and in hand54/58 | €62,747 | €32,494 | €35,897 | €44,856 | €89,713 | ▲ 100% |
| Deferred charges and accrued income490/1 | €934 | - | €3,663 | €3,048 | €3,553 | ▲ 16.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193,322 | €190,012 | €193,829 | €173,779 | €198,778 | ▲ 14.4% |
| Equity10/15 | €117,182 | €119,321 | €100,391 | €104,264 | €153,144 | ▲ 46.9% |
| Contributions10/11 | €6,205 | €6,205 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,910 | €9,049 | €9,049 | €9,049 | €9,049 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €5,050 | €7,189 | €9,049 | €9,049 | €9,049 | = |
| Profit (loss) carried forward14 | €104,067 | €104,067 | €72,742 | €76,615 | €125,495 | ▲ 63.8% |
| Amounts payable17/49 | €76,140 | €70,690 | €93,438 | €69,515 | €45,634 | ▼ 34.4% |
| Amounts payable after more than one year17 | €31,492 | €16,294 | €32,928 | €23,378 | €14,327 | ▼ 38.7% |
| Financial debts170/4 | €31,492 | €16,294 | €32,928 | €23,378 | €14,327 | ▼ 38.7% |
| Amounts payable within one year42/48 | €44,649 | €54,396 | €60,510 | €46,137 | €31,307 | ▼ 32.1% |
| Current portion of amounts payable after more than one year42 | €17,989 | €15,198 | €25,009 | €10,838 | €10,301 | ▼ 5.0% |
| Trade debts44 | €16,261 | €30,109 | €25,784 | €26,286 | €5,881 | ▼ 77.6% |
| Suppliers440/4 | €16,261 | €30,109 | €25,784 | €26,286 | €5,881 | ▼ 77.6% |
| Taxes, remuneration and social security45 | €5,270 | €3,788 | €5,059 | €5,212 | €12,852 | ▲ 147% |
| Taxes450/3 | €525 | - | €910 | €104 | €9,357 | ▲ 8,919% |
| Remuneration and social security454/9 | €4,744 | €3,788 | €4,149 | €5,109 | €3,496 | ▼ 31.6% |
| Other amounts payable47/48 | €5,129 | €5,301 | €4,658 | €3,800 | €2,272 | ▼ 40.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €242 | €2,139 | -€31,325 | €3,873 | €48,880 | ▲ 1,162% |
| + Depreciation and write-downs630 | €21,462 | €26,623 | €30,686 | €36,411 | €28,480 | ▼ 21.8% |
| Operating cash flow (approximation) | €21,704 | €28,762 | -€639 | €40,284 | €77,360 | ▲ 92.0% |
| Investment in fixed assets (approximation) | - | €0 | -€65,628 | €0 | €0 | - |
| Change in cash | - | -€30,253 | €3,403 | €8,959 | €44,857 | ▲ 401% |
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
13-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €48,880 ▲1,162%
Operating result €64,686, net result €48,880, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.05
Current ratio from 2.27 to 5.05; short-term debt falls from €46,137 to €31,307.
31-12
Financial
Equity above €150,000Eq €153,144 ▲46.9%
2 profitable years in a row build equity to €153,144.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3,873
Net result €3,873 after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€31,325
Net result drops to -€31,325, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
Show earlier events
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Binche · 1 establishment unit since 2001
Ground area
1,415 m²
Building footprint
316 m²
Volume, LiDAR
1,572 m³
Parcel 55005C0052/00G000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Route de Mons(BIN) 635, 7130 Binche
since 20012.068.432.156
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55005C0052/00G000 | Wallonia | 1,414 m² | 1 · 316 m² | 8.2 m · 2 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.
Similar companies · same sector, comparable size
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RENOVATIE K.S.
BE 0886.259.306
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BAST
BE 0669.530.028
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HANSOULLE OLIVIER
BE 0847.155.636
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KINA CONSTRUCT
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 12,599 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
Founded12-09-1994
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.