HIVIAN
ActiveHIVIAN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.44M and a net result of €95k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-3
Solvency57=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.89 in 2024; short-term debt: 21.8% and cash: 1.4% of total assets), and 68.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
31.8%
Return on assets
1.2%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
27 d late
2023
on the day
2022
4 d early
2021
5 d early
2020
65 d early
2019
63 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.44M▲ 1.3%
2024 · €2.41M
2019: €1.09M
2020: €1.30M
2021: €1.49M
2022: €1.73M
2023: €2.20M
2024: €2.41M
2019 → 2025
Total assets
€7.67M▲ 1.2%
2024 · €7.58M
2019: €5.53M
2020: €6.25M
2021: €6.56M
2022: €6.71M
2023: €7.89M
2024: €7.58M
2019 → 2025
Net result
€95k▼ 64.0%
2024 · €264k
2019: €140k
2020: €201k
2021: €218k
2022: €260k
2023: €512k
2024: €264k
2019 → 2025
Working capital
€-346k▼ 95.3%
2024 · €-177k
2019: €-129k
2020: €-465k
2021: €-582k
2022: €-317k
2023: €-239k
2024: €-177k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.49M-€1.73M▲ 15.8%€2.20M▲ 27.3%€2.41M▲ 9.3%€2.44M▲ 1.3%
Operating result€375k-€425k▲ 13.1%€706k▲ 66.2%€453k▼ 35.8%€192k▼ 57.6%
Net result€218k-€260k▲ 19.4%€512k▲ 96.7%€264k▼ 48.4%€95k▼ 64.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 58% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.67M
Fixed assets
€6.34M▲ 3.7%
Current assets
€1.33M▼ 9.0%
Equity and liabilities €7.67M
Equity
€2.44M▲ 1.3%
Debt
€5.23M▲ 1.2%
The debt ratio stays at 68.2%.
Key figures and ratios
EBITDA
€1.12M▼
2024 · €1.36M
Cash flow
€1.03M▼
2024 · €1.17M
Solvency
31.8%=
2024 · 31.8%
Current ratio
0.79▼
2024 · 0.89
Quick ratio
0.66▼
2024 · 0.75
Debt / equity
2.15▼
2024 · 2.15
ROE
3.9%▼
2024 · 11.0%
ROA
1.2%▼
2024 · 3.5%
Interest coverage
11.84▼
2024 · 14.83
Debt
€5.23M▲
2024 · €5.17M
Debt ≤ 1 year
€1.67M▲
2024 · €1.64M
Debt > 1 year
€3.56M▲
2024 · €3.53M
Income taxes
€10k▼
2024 · €107k
Staff costs
€229k▲
2024 · €219k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.58M€7.67M▲
Fixed assets21/28€6.12M€6.34M▲
Tangible fixed assets22/27€6.12M€6.34M▲
Land and buildings22€3.36M€4.52M▲
Plant, machinery and equipment23€1.38M€1.48M▲
Furniture and vehicles24€429k€320k▼
Leasing and similar rights25€951k€29k▼
Current assets29/58€1.46M€1.33M▼
Stocks and contracts in progress3€225k€224k▼
Stocks30/36€225k€224k▼
Amounts receivable within one year40/41€1.05M€833k▼
Trade receivables40€1.02M€813k▼
Other amounts receivable41€39k€20k▼
Cash at bank and in hand54/58€80k€111k▲
Deferred charges and accrued income490/1€101k€161k▲
Equity and liabilities
Total equity and liabilities10/49€7.58M€7.67M▲
Equity10/15€2.41M€2.44M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.35M€2.38M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€383k€383k=
Distributable reserves133€1.96M€1.99M▲
Profit (loss) carried forward14€0€0=
Investment grants15€0-
Amounts payable17/49€5.17M€5.23M▲
Amounts payable after more than one year17€3.53M€3.56M▲
Financial debts170/4€3.53M€3.56M▲
Amounts payable within one year42/48€1.64M€1.67M▲
Current portion of amounts payable after more than one year42€717k€787k▲
Trade debts44€848k€835k▼
Suppliers440/4€848k€835k▼
Taxes, remuneration and social security45€40k€16k▼
Taxes450/3€36k€262▼
Remuneration and social security454/9€5k€16k▲
Other amounts payable47/48€32k€36k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€37k€0▼
Remuneration, social security and pensions62€219k€229k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€903k€932k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€60k€0▼
Other operating charges640/8€69k€82k▲
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€1.71M€1.44M▼
Operating profit (loss)9901€453k€192k▼
Financial income75/76B€9k€8k▼
Recurring financial income75€9k€8k▼
Financial charges65/66B€91k€95k▲
Recurring financial charges65€91k€95k▲
Profit (loss) for the period before taxes9903€371k€105k▼
Income taxes67/77€107k€10k▼
Profit (loss) for the period9904€264k€95k▼
Transfer from tax-exempt reserves789€0-
Transfer to tax-exempt reserves689€105k€0▼
Profit (loss) for the period to be appropriated9905€159k€95k▼
Appropriation of the result
Profit (loss) to be appropriated9906€159k€95k▼
Transfer from equity791/2€50k€65k▲
Transfer to equity691/2€159k€95k▼
To other reserves6921€159k€95k▼
Profit to be distributed694/7€50k€65k▲
Return on contributions (dividend)694€50k€65k▲
Social balance
Average headcount (FTE)90874.34.6▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-06
Financial
Weakest financial yearnet €95k ▼64%
Net result drops to €95k, the lowest in the series.
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €512k ▲96.7%
Operating result €706k, net result €512k, both a record.
30-06
Financial
Equity above €2MEq €2.20M ▲27.3%
5 profitable years in a row build equity to €2.20M.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Langemark-Poelkapelle · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bruggestraat 378920 Langemark-PoelkapelleGround area
5,677 m²
Building footprint
1,234 m²
Volume, LiDAR
8,007 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Melanedreef 18, 8650 Houthulst
since 20062.157.121.929
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32006D0101/00B003 | Flanders | 4,676 m² | 1 · 1,075 m² | 8.8 m · 2 fl. |
| 33020D1286/00A000 | Flanders | 1,000 m² | 1 · 159 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 801 EUR awarded · 689 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 51 EUR | 51 EUR |
| 2024 | 1 | 172 EUR | 172 EUR |
| 2023 | 1 | 402 EUR | 290 EUR |
| 2022 | 1 | 176 EUR | 176 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHouthulst2.157.121.929
Similar companies · same sector, comparable size
Vion Adriaens
BE 0400.191.019
Zottegem · Eq €2.43M
SCHEPERS VLEESBEDRIJF
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Alken · Eq €2.46M
LEEMANS-BONELESS
BE 0414.420.028
Antwerpen · Eq €2.52M
Etablissements BLAISE
BE 0416.742.286
Florenville · Eq €2.35M
Vanderpoorten
BE 0426.527.509
Lochristi · Eq €2.53M
Of 756 companies in sector 46321 we hold annual accounts for 551. 339 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-09-2005
Fiscal year end30-06
Activities, NACEBEL
46321Wholesale of meat and meat products, excluding game and poultry
51321
47221Retail sale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:057/487275