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HUGOCO

Active Risk: not assessed
Private limited companyfounded 20242 yrs activeTessenderlosesteenweg 11, 3583 Beringen, BelgiumKBO/BCE: BE 1011.551.533
Summary

HUGOCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €12,899 and a net result of €6,899. Its solvency ranks better than 64% of 3319 sector peers (fiscal year 2024). The company has been active since 2024 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.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2024, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
59 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 59 days before 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

HUGOCO was incorporated on 15 July 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€12,899
Net result
€6,899
Total assets
€19,612
Solvency
65.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €19,612
Fixed assets €2,360
Current assets €17,253
Equity and liabilities €19,612
Equity €12,899
Debt €6,713
Debt finances 34.2% of the balance-sheet total.
Key figures and ratios
2024 value
ROE
53.5%
ROA
35.2%
Debt ≤ 1 year
€6,713
Income taxes
€1,725
Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 35 lines
Balance sheet Code2024
Assets
Total assets20/58€19,612
Fixed assets21/28€2,360
Intangible fixed assets21€2,360
Current assets29/58€17,253
Amounts receivable within one year40/41€3,025
Trade receivables40€3,025
Cash at bank and in hand54/58€13,001
Deferred charges and accrued income490/1€1,227
Equity and liabilities
Total equity and liabilities10/49€19,612
Equity10/15€12,899
Contributions10/11€6,000
Reserves13€6,899
Distributable reserves133€6,899
Amounts payable17/49€6,713
Amounts payable within one year42/48€6,713
Trade debts44€3,179
Suppliers440/4€3,179
Taxes, remuneration and social security45€3,262
Taxes450/3€3,262
Other amounts payable47/48€272
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€217
Other operating charges640/8€828
Gross operating margin9900€9,686
Operating profit (loss)9901€8,641
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€17
Recurring financial charges65€17
Profit (loss) for the period before taxes9903€8,624
Income taxes67/77€1,725
Profit (loss) for the period9904€6,899
Profit (loss) for the period to be appropriated9905€6,899
Appropriation of the result
Profit (loss) to be appropriated9906€6,899
Transfer to equity691/2€6,899
To other reserves6921€6,899

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€217
Other operating charges640/8€828
Gross operating margin9900€9,686
Operating profit (loss)9901€8,641
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€17
Recurring financial charges65€17
Profit (loss) for the period before taxes9903€8,624
Income taxes67/77€1,725
Profit (loss) for the period9904€6,899
Profit (loss) for the period to be appropriated9905€6,899
Line2024
Assets
Total assets20/58€19,612
Fixed assets21/28€2,360
Intangible fixed assets21€2,360
Current assets29/58€17,253
Amounts receivable within one year40/41€3,025
Trade receivables40€3,025
Cash at bank and in hand54/58€13,001
Deferred charges and accrued income490/1€1,227
Equity and liabilities
Total equity and liabilities10/49€19,612
Equity10/15€12,899
Contributions10/11€6,000
Reserves13€6,899
Distributable reserves133€6,899
Amounts payable17/49€6,713
Amounts payable within one year42/48€6,713
Trade debts44€3,179
Suppliers440/4€3,179
Taxes, remuneration and social security45€3,262
Taxes450/3€3,262
Other amounts payable47/48€272
Line2024
Profit (loss) for the period9904€6,899
+ Depreciation and write-downs630€217
Operating cash flow (approximation)€7,117

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
02-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Beringen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
506 m²
Building footprint
167 m²
Volume, LiDAR
1,314 m³
Parcel 71382D0712/00R003, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
HUGOCO
Tessenderlosesteenweg 11, 3583 BeringenRisk and damage evaluation
since 20242.361.888.335
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71382D0712/00R003 Flanders 506 m² 1 · 167 m² 11.7 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.

Similar companies · same sector, comparable size

Of 853 companies in sector 66210 we hold annual accounts for 511. 243 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
Founded15-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
66210Risk and damage evaluation

Scores and ratios are computed by Checked and are not a credit decision.