HIVRON
ActiveHIVRON has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €45k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+45
Solvency29▲+6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.0 against 0.9 in 2024; short-term debt: 96.2% and cash: 19.2% of total assets), and 96.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← 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
3.8%
Return on assets
5.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 386 sector peers (2025).
NBB · sector comparisonPosition among 386 sector peers
Solvency
better than 21%
← weakest
strongest →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
14 d early
2023
12 d early
2022
4 d early
2021
1 d late
2020
31 d late
2019
117 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€30k
2024 · €-15k
2018: €71k
2019: €34k
2020: €7k
2021: €301
2022: €1k
2023: €3k
2024: €-15k
2018 → 2025
Total assets
€796k▲ 21.2%
2024 · €657k
2018: €365k
2019: €495k
2020: €595k
2021: €348k
2022: €528k
2023: €721k
2024: €657k
2018 → 2025
Net result
€45k
2024 · €-18k
2018: €26k
2019: €-37k
2020: €-26k
2021: €-7k
2022: €934
2023: €2k
2024: €-18k
2018 → 2025
Working capital
€396
2024 · €-66k
2018: €-67k
2019: €-67k
2020: €-85k
2021: €-108k
2022: €-57k
2023: €-77k
2024: €-66k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€301-€1k▲ 310%€3k▲ 127%€-15k€30k
Operating result€-15k-€13k€15k▲ 16.8%€-12k€19k
Net result€-7k-€934€2k▲ 67.9%€-18k€45k
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 returns to profit in 2025: €19k after a loss of €12k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €796k
Fixed assets
€30k▼ 42.1%
Current assets
€766k▲ 26.5%
Equity and liabilities €796k
Equity
€30k
Debt
€765k
Debt finances 96.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€63k▲
2024 · €32k
Cash flow
€89k▲
2024 · €27k
Solvency
3.8%▲
2024 · -2.3%
Current ratio
1.00▲
2024 · 0.90
Quick ratio
1.00▲
2024 · 0.90
Debt / equity
25.31▲
2024 · -44.96
ROE
149.4%
ROA
5.7%▲
2024 · -2.7%
Interest coverage
11.77▲
2024 · 1.87
Debt
€765k▲
2024 · €672k
Debt ≤ 1 year
€765k▲
2024 · €672k
Income taxes
€-32k▼
2024 · €252
Staff costs
€765k▼
2024 · €860k
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€657k€796k▲
Fixed assets21/28€52k€30k▼
Tangible fixed assets22/27€49k€28k▼
Land and buildings22€865€0▼
Plant, machinery and equipment23€39k€25k▼
Furniture and vehicles24€9k€3k▼
Financial fixed assets28€2k€2k=
Current assets29/58€605k€766k▲
Amounts receivable within one year40/41€497k€613k▲
Trade receivables40€497k€611k▲
Other amounts receivable41€162€2k▲
Cash at bank and in hand54/58€108k€153k▲
Equity and liabilities
Total equity and liabilities10/49€657k€796k▲
Equity10/15€-15k€30k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€9k€9k=
Non-distributable reserves130/1€466€466=
Legal reserve130€466€466=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-86k€-41k▲
Amounts payable17/49€672k€765k▲
Amounts payable within one year42/48€672k€765k▲
Trade debts44€388k€457k▲
Suppliers440/4€388k€457k▲
Taxes, remuneration and social security45€207k€237k▲
Taxes450/3€34k€23k▼
Remuneration and social security454/9€173k€214k▲
Other amounts payable47/48€76k€72k▼
Income statement
Code20242025
Remuneration, social security and pensions62€860k€765k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€44k▼
Other operating charges640/8€979€1k▲
Gross operating margin9900€893k€829k▼
Operating profit (loss)9901€-12k€19k▲
Financial income75/76B€12k€271▼
Recurring financial income75€12k€271▼
Financial charges65/66B€17k€5k▼
Recurring financial charges65€17k€5k▼
Profit (loss) for the period before taxes9903€-17k€13k▲
Income taxes67/77€252€-32k▼
Profit (loss) for the period9904€-18k€45k▲
Profit (loss) for the period to be appropriated9905€-18k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-86k€-41k▲
Profit (loss) brought forward from the previous period14P€-68k€-86k▼
The notes to these accounts (5 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €934
Net result €934 after 3 loss-making years.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 117 days late
2019
31-12
Financial
Weakest financial yearnet €-37k ▼242%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 48 days late
2017
31-07
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
9 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, Etterbeek · 1 establishment unit since 1993
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.
Louis Schmidtlaan 1191040 EtterbeekGround area
1,330 m²
Building footprint
395 m²
Volume, LiDAR
8,475 m³
2 parcels, Brussels · tallest building 29.8 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Hivron NV
since 19932.061.269.794
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0292/00X006 | Brussels | 1,253 m² | 1 · 333 m² | 29.8 m · 9 fl. |
| 21803C0624/00H000 | Brussels | 77 m² | 1 · 63 m² | 26.5 m · 5 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.
Similar companies · same sector, comparable size
KING LOU
BE 0500.975.306
Affligem · Eq €30k
Mandrin
BE 1014.159.843
Leuven · Eq €29k
CUT !
BE 0879.234.031
Ukkel · Eq €29k
The Bear
BE 0804.780.294
Antwerpen · Eq €29k
VOLLEMAAN
BE 1000.115.530
Halen · Eq €28k
Of 520 companies in sector 59114 we hold annual accounts for 245. 166 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-02-1993
Fiscal year end31-12
Activities, NACEBEL
59114Motion picture, video and television programme production, sound recording and music publishing activities
59111Production of cinema films
59112Motion picture, video and television programme production, sound recording and music publishing activities
59113Video and film production, excluding cinema and television films
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.