Summary
HIVE-5 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.5m and a net result of -€254,335. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 493 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 23-07-2026, 8 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
8 d early
2024
21 d early
2023
20 d early
2022
21 d late
2021
113 d late
2020
31 d late
2019
19 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 19 days after the deadline; the sector median for financial year 2024 is 5 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 23 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema, statutory accounts
Equity
€2.5m▼ 9.2%
2024 · €2.8m
Net result
-€254,335
2024 · €4,961
Total assets
€15.4m▲ 23.1%
2024 · €12.5m
Solvency
16.3%▼ 5.8pp
2024 · 22.1%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€423,648▲ 52.4%€729,600€1.5m▲ 106%€3.0m▲ 102%
Operating result-€80,670▲ 26.9%€54,814€353,177▲ 544%€439,619▲ 24.5%€1.2m▲ 183%
Net result€658,637above the sector's middle half▲ 47.1%€826,861above the sector's middle half▲ 25.5%€170,590within the sector's middle half▼ 79.4%€4,961below the sector's middle half▼ 97.1%-€254,335below the sector's middle half
Equity€1.5mabove the sector's middle half▲ 77.8%€2.6mabove the sector's middle half▲ 71.5%€2.8mabove the sector's middle half▲ 6.6%€2.8mabove the sector's middle half▲ 0.2%€2.5mabove the sector's middle half▼ 9.2%
Total assets€5.8mabove the sector's middle half▲ 0.1%€16.4mabove the sector's middle half▲ 182%€16.1mabove the sector's middle half▼ 1.5%€12.5mabove the sector's middle half▼ 22.6%€15.4mabove the sector's middle half▲ 23.1%
Debt€4.3m▼ 13.1%€13.8m▲ 220%€13.4m▼ 3.0%€9.7m▼ 27.3%€12.9m▲ 32.3%
Working capital-€1.4mbelow the sector's middle half▼ 27.2%-€4.8mbelow the sector's middle half▼ 246%-€4.8mbelow the sector's middle half▼ 0.2%-€2.0mbelow the sector's middle half▲ 58.6%-€2.5mbelow the sector's middle half▼ 24.5%
Solvency25.9%within the sector's middle half▲ 11.3pp15.8%below the sector's middle half▼ 10.1pp17.1%within the sector's middle half▲ 1.3pp22.1%within the sector's middle half▲ 5.0pp16.3%below the sector's middle half▼ 5.8pp
Current ratio0.12below the sector's middle half▼ 0.240.21below the sector's middle half▲ 0.090.27below the sector's middle half▲ 0.060.61below the sector's middle half▲ 0.340.72below the sector's middle half▲ 0.12
Return on assets (ROA)11.3%within the sector's middle half▲ 3.6pp5.1%within the sector's middle half▼ 6.3pp1.1%below the sector's middle half▼ 4.0pp0.0%below the sector's middle half▼ 1.0pp-1.7%below the sector's middle half▼ 1.7pp
Staff (FTE)4.6within the sector's middle half3.8within the sector's middle half▼ 17.4%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result -79% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
- 2021 Turnover +52% on 2020. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 183% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.4m
Fixed assets
€8.9m ▼ 5.1%
Current assets
€6.4m ▲ 110%
Equity and liabilities €15.4m
Equity
€2.5m ▼ 9.2%
Debt
€12.9m ▲ 32.3%
Debt's share of the balance-sheet total rises from 77.9% to 83.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-10.2%▼
2024 · 0.2%
Debt ≤ 1 year
€8.9m▲
2024 · €5.0m
Debt > 1 year
€3.8m▼
2024 · €4.7m
Income taxes
€210,500▲
2024 · €0
Staff costs
€315,153▼
2024 · €383,407
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €1.1m | €2.1m | €3.1m | ▲ 44.2% |
| Turnover70 | €423,648 | - | €729,600 | €1.5m | €3.0m | ▲ 102% |
| Other operating income74 | - | - | €400,000 | €596,679 | €13,689 | ▼ 97.7% |
| Non-recurring operating income76A | - | - | - | €14,203 | - | - |
| Operating charges60/66A | - | - | €776,423 | €1.7m | €1.8m | ▲ 7.9% |
| Goods, raw materials, services and sundry goods60/61 | €502,643 | - | - | - | - | - |
| Services and other goods61 | - | - | €770,029 | €1.3m | €1.5m | ▲ 15.5% |
| Remuneration, social security and pensions62 | - | - | - | €383,407 | €315,153 | ▼ 17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,501 | €2,326 | €2,851 | ▲ 22.6% |
| Other operating charges640/8 | €1,675 | €8,796 | €4,893 | €12,324 | €14,275 | ▲ 15.8% |
| Gross operating margin9900 | -€78,995 | €63,610 | - | - | - | - |
| Operating profit (loss)9901 | -€80,670 | €54,814 | €353,177 | €439,619 | €1.2m | ▲ 183% |
| Financial income75/76B | €845,000 | €920,000 | €2.0m | €1.0m | €932,243 | ▼ 9.4% |
| Recurring financial income75 | €845,000 | €920,000 | €2.0m | €33,201 | €932,243 | ▲ 2,708% |
| Income from financial fixed assets750 | - | - | €2.0m | - | €932,243 | - |
| Income from current assets751 | - | - | - | €33,201 | - | - |
| Other financial income752/9 | - | - | €168 | - | €0 | - |
| Non-recurring financial income76B | - | - | - | €996,104 | - | - |
| Financial charges65/66B | €105,692 | €147,953 | €2.2m | €1.5m | €2.2m | ▲ 51.5% |
| Recurring financial charges65 | €105,692 | €147,953 | €462,755 | €463,039 | €708,387 | ▲ 53.0% |
| Debt charges650 | - | - | €460,746 | €412,675 | €299,082 | ▼ 27.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | €400,000 | - |
| Other financial charges652/9 | - | - | €2,009 | €50,364 | €9,305 | ▼ 81.5% |
| Non-recurring financial charges66B | - | - | €1.7m | €1.0m | €1.5m | ▲ 50.8% |
| Profit (loss) for the period before taxes9903 | €658,637 | €826,861 | €170,590 | €4,962 | -€43,835 | ▼ 983% |
| Income taxes67/77 | €0 | - | - | €0 | €210,500 | ▲ 140,333,180% |
| Taxes670/3 | - | - | - | €0 | €210,500 | ▲ 140,333,180% |
| Profit (loss) for the period9904 | €658,637 | €826,861 | €170,590 | €4,961 | -€254,335 | ▼ 5,226% |
| Profit (loss) for the period to be appropriated9905 | €658,637 | €826,861 | €170,590 | €4,961 | -€254,335 | ▼ 5,226% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.8m | €16.4m | €16.1m | €12.5m | €15.4m | ▲ 23.1% |
| Fixed assets21/28 | €5.6m | €15.1m | €14.4m | €9.4m | €8.9m | ▼ 5.1% |
| Intangible fixed assets21 | - | - | - | - | €22,581 | - |
| Tangible fixed assets22/27 | - | - | €5,478 | €3,151 | €4,239 | ▲ 34.5% |
| Furniture and vehicles24 | - | - | €5,478 | €3,151 | €3,719 | ▲ 18.0% |
| Other tangible fixed assets26 | - | - | - | - | €520 | - |
| Financial fixed assets28 | €5.6m | €15.1m | €14.4m | €9.4m | €8.9m | ▼ 5.3% |
| Affiliated companies280/1 | - | - | €14.4m | €9.4m | €8.9m | ▼ 5.3% |
| Participating interests280 | - | - | €14.4m | €9.4m | €8.9m | ▼ 5.3% |
| Current assets29/58 | €181,138 | €1.3m | €1.8m | €3.1m | €6.4m | ▲ 110% |
| Amounts receivable after more than one year29 | - | - | - | €1.5m | €1.5m | = |
| Other amounts receivable291 | - | - | - | €1.5m | €1.5m | = |
| Amounts receivable within one year40/41 | €61,189 | €87,728 | €1.7m | €1.1m | €4.7m | ▲ 340% |
| Trade receivables40 | €50,571 | €54,200 | €1.2m | €149,480 | €1.8m | ▲ 1,093% |
| Other amounts receivable41 | €10,617 | €33,528 | €420,000 | €922,137 | €2.9m | ▲ 218% |
| Cash at bank and in hand54/58 | €119,100 | €1.2m | €66,558 | €436,463 | €144,661 | ▼ 66.9% |
| Deferred charges and accrued income490/1 | €849 | €15,212 | €26,204 | €47,187 | €51,852 | ▲ 9.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.8m | €16.4m | €16.1m | €12.5m | €15.4m | ▲ 23.1% |
| Equity10/15 | €1.5m | €2.6m | €2.8m | €2.8m | €2.5m | ▼ 9.2% |
| Contributions10/11 | €400,000 | €650,000 | €650,000 | €650,000 | €650,000 | = |
| Profit (loss) carried forward14 | €1.1m | €1.9m | €2.1m | €2.1m | €1.9m | ▼ 12.1% |
| Amounts payable17/49 | €4.3m | €13.8m | €13.4m | €9.7m | €12.9m | ▲ 32.3% |
| Amounts payable after more than one year17 | €2.7m | €7.7m | €6.7m | €4.7m | €3.8m | ▼ 19.3% |
| Financial debts170/4 | €2.7m | €7.7m | €6.7m | €4.7m | €3.8m | ▼ 19.3% |
| Subordinated loans170 | - | - | €2.1m | €2.1m | €2.1m | ▼ 3.4% |
| Credit institutions173 | - | - | €4.7m | €2.5m | €1.7m | ▼ 32.7% |
| Amounts payable within one year42/48 | €1.6m | €6.0m | €6.5m | €5.0m | €8.9m | ▲ 76.3% |
| Current portion of amounts payable after more than one year42 | €660,792 | €3.7m | €1.4m | €1.1m | €833,298 | ▼ 25.0% |
| Financial debts43 | - | €150,000 | €91,129 | €3.0m | €7.6m | ▲ 148% |
| Credit institutions430/8 | - | €150,000 | €91,129 | €3.0m | €291,787 | ▼ 90.4% |
| Other loans439 | - | - | - | - | €7.3m | - |
| Trade debts44 | €50,172 | €20,002 | €95,034 | €67,574 | €40,386 | ▼ 40.2% |
| Suppliers440/4 | €50,172 | €20,002 | €95,034 | €67,574 | €40,386 | ▼ 40.2% |
| Taxes, remuneration and social security45 | - | €61,366 | €275,534 | €88,966 | €281,078 | ▲ 216% |
| Taxes450/3 | - | €61,366 | €275,534 | €13,875 | €246,384 | ▲ 1,676% |
| Remuneration and social security454/9 | - | - | - | €75,090 | €34,694 | ▼ 53.8% |
| Other amounts payable47/48 | €848,242 | €2.1m | €4.7m | €719,281 | €154,424 | ▼ 78.5% |
| Accrued charges and deferred income492/3 | - | - | €84,063 | - | €200,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €658,637 | €826,861 | €170,590 | €4,961 | -€254,335 | ▼ 5,226% |
| + Depreciation and write-downs630 | - | - | €1,501 | €2,326 | €2,851 | ▲ 22.6% |
| Operating cash flow (approximation) | €658,637 | €826,861 | €172,091 | €7,288 | -€251,484 | ▼ 3,551% |
| Investment in fixed assets (approximation) | - | -€9.5m | €736,517 | €4.9m | €472,837 | ▼ 90.4% |
| Change in cash | - | €1.0m | -€1.1m | €369,905 | -€291,803 | ▼ 179% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
28-07
State Gazette act
Reappointment: Moore Audit BV (statutory auditor)Permanent representatives: Jimmy Depré, Raf De Strooper and Sarah Porco7 facts ▸
State Gazette act
Reappointment: Moore Audit BV (statutory auditor)
Permanent representatives: Jimmy Depré, Raf De Strooper and Sarah Porco7 facts ▸
- General meeting, 30-06-2026
- Auditor reappointment, Moore Audit BV (statutory auditor)
- Permanent representative, Jimmy Depré (permanent representative)
- Director in office, RDS FINANCE COMMV. (director)
- Permanent representative, Raf De Strooper (permanent representative)
- Director in office, MAXENA BV (director)
- Permanent representative, Sarah Porco (permanent representative)
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€254,335
Net result drops to -€254,335, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
31-12
Financial
Highest result since 2019net €826,861 ▲25.5%
Net result €826,861, the highest in the series.
31-12
Financial
Equity above €2mEq €2.6m ▲71.5%
3 profitable years in a row build equity to €2.6m.
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 113 days late
Show earlier events
2021
31-12
Financial
Equity above €1mEq €1.5m ▲77.8%
2 profitable years in a row build equity to €1.5m.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €447,621
Net result €447,621 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €846,892 ▲112%
Equity rises from €399,271 to €846,892.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
Statutory auditor 1
Moore Audit
CurrentStatutory auditor · since 28-07-2026 · perm. rep.: Jimmy Depré
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hasselt
Ground area
2.3 ha
Building footprint
3,194 m²
Volume, LiDAR
40,109 m³
Parcel 71327G0375/00R000, Flanders · tallest building 24.0 m, ±3 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0375/00R000 | Flanders | 2.3 ha | 1 · 3,194 m² | 24.0 m · 3 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Moore Audit |
|
Structure & network
Owners and holdings
2 owners · 8 holdingsOwners 2
-
27.27%
-
17.05%
Holdings 8
-
100%
- Blink DigitalsubsidiaryEquity €66,841Result -€44,956100%
-
100%
-
100%
-
100%
- Umani DienstenchequessubsidiaryEquity €75,435Result €7,785100%
-
100%
-
70%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
100%
According to the 2025 annual accounts of HIVE-5 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
9 locations
Similar companies · same sector, comparable size
FINANCIERE DE COCK
BE 0475.106.592
Charleroi · Eq €2,491,676
AG REAL ESTATE FINANCE
BE 0445.949.679
Brussel · Eq €2,583,003
WorldRemit Belgium
BE 0718.634.495
Brussel · Eq €2,416,002
Parmi Les Champs
BE 0886.150.329
Berlare · Eq €2,598,150
V.I.C.A.P.
BE 0447.581.556
Roeselare · Eq €2,608,961
Of 1,506 companies in sector 66199 we hold annual accounts for 922. 386 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
Founded19-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70200Business and other management consultancy
64210Activities of holding companies
68321Property management for co-owned buildings (syndics)
73300Public relations and communication consultancy
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.