Active BE 0446.763.984Private limited company

HISEC

Ingooigemstraat(O) 14 ·8553 Zwevegem, Belgium· 34 yrs active

Sector: General electrical installation work (43211)

Conclusion Checked

HISEC has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €90k and a net result of €14k. Its solvency ranks better than 95% of 11123 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€90k
Net result	€14k
Better than sector	95%
Active	34 yrs

Financial profile 5 of 5 axes measured · computed by Checked

85 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 80

Solvency 100

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.7% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1992, 34 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

93 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€8k

estimate, not credit advice

Score history

93 2023

93 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 47.50 (≥ 1.5) +10

Quick ratio Quick ratio 34.97 (≥ 1.0) +5

Leverage Debt/equity 0.01 (< 1.0) +10

Profitability ROE 16% (≥ 10%) +10

Interest coverage Interest coverage 314.4× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview33 NBB filings

Annual accounts filed on 15-07-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	98.9%	40.8%	better than 95% of 11123 sector peers
Net result	€14k	€11k	better than 55% of 11107 sector peers
Equity	€90k	€34k	better than 80% of 11128 sector peers
Gross operating margin	€26k	€35k	better than 42% of 11096 sector peers
Total assets	€91k	€94k	better than 49% of 11123 sector peers

EBITDA

€26k

-23.3% 23-24

Net profit

€14k

-27.9% 23-24

Cash flow

€18k

-22.1% 23-24

Total assets

€91k

+11.8% 23-24

Equity

€90k

+14.5% 23-24

Working capital

€44k

-35.5% 23-24

Income taxes

€7k

-26.6% 23-24

Dividends

€3k

- 23-24

Debt

€956

-65.0% 23-24

Debt ≤ 1y

€956

-65.0% 23-24

Current ratio

47.50

+81.0% 23-24

Quick ratio

34.97

+69.2% 23-24

Solvency

98.9%

+2.4% 23-24

Debt / equity

0.01

-69.4% 23-24

ROE

16.0%

-37.1% 23-24

ROA

15.8%

-35.6% 23-24

Interest coverage

314.42

-18.9% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	€26k	€33k
Net profit	€14k	€20k
Cash flow	€18k	€23k
Staff costs	-	-
Income taxes	€7k	€10k
Dividends	€3k	-
Total assets	€91k	€81k
Equity	€90k	€78k
Debt	€956	€3k
of which ≤ 1y	€956	€3k
of which > 1y	-	-
Working capital	€44k	€69k
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	47.50	26.24
Quick ratio	34.97	20.67
Working capital ratio	49.0%	84.9%
Solvency	98.9%	96.6%
Debt / equity	0.01	0.03
Long-term debt ratio	-	-
Interest coverage	314.42	387.79
Gross margin	-	-
Net margin	-	-
ROA	15.8%	24.6%
ROE	16.0%	25.4%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €45k · 50.0% Current assets €45k · 50.0%

Equity & liabilities

Equity €90k · 99.0% Debt €956 · 1.1%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€91k	€81k
Fixed assets	21/28	€45k	€9k
Tangible fixed assets	22/27	€45k	€9k
Current assets	29/58	€45k	€72k
Stocks & contracts in progress	3	€12k	€15k
Amounts receivable within one year	40/41	€26k	€25k
Cash & bank	54/58	€6k	€31k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€91k	€81k
Equity	10/15	€90k	€78k
Contributions / capital	10/11	€9k	€9k
Reserves	13	€81k	€70k
Amounts payable	17/49	€956	€3k
Amounts payable within one year	42/48	€956	€3k
Trade debts payable within one year	44	€854	€519
Income statement
Gross operating margin	9900	€26k	€34k
Operating result	9901	€22k	€30k
Financial income	75	€18	€65
Financial charges	65	€82	€86
Result before taxes	9903	€22k	€30k
Income taxes	67/77	€7k	€10k
Net result for the period	9904	€14k	€20k
Result to be appropriated	9905	€14k	€20k

Legal Structure

NACE primary	General electrical installation work(43211)
Legal form	Private limited company(610)
Incorporation	27-02-1992
Status	Active
Postal code	8553

Establishment units 1 location

Ingooigemstraat(O) 14, 8553 Zwevegem

NACE 3162102

since 19922.057.447.994

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34030B0097/00D002	Flanders	688 m²	1 · 327 m²	12.0 m · 2 fl.

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.

Updates 10 events

All 10Filings 10

2025

15-07