Financials
- Fiscal year
- 2024
- Total assets
- €1.1m
- Loss
- -€411,497
- Solvency
- -3.4%
Total assets▼ 28.8%
Net result
20192024
HUPICO
ActiveSummary
The computed 12-month bankruptcy probability of HUPICO is 6.8% (elevated). The 2024 annual accounts show negative equity (-€36,776) and a net result of -€411,497. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 9% of 9085 sector peers (fiscal year 2024). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale trade
NACE 46648NACE 46640Wholesale of other machinery and equipment NACE 46649
1 site
Size
€1.1mtotal assets 2024
- Staff
- 4.5 FTE
- Equity
- -€36,776
- Loss
- -€411,497
Turnover not published (abridged schema)Net result -174%: 18-month year
Structure
- Parent
- IAMTEC · 100%
Accounts filed 31 d late0 of 5 deeds read
Why 32- Liquidity: current ratio 0.93, cash €259, halved- Negative equity -€36,776- Loss of €411,497, the second in a row (FY 2024)+ Founded in 1994Show the evidence
Checked score
Score 2024
32
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 10% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
22-28
equity -3.4% of total assets
Liquidity
5-16
short-term debt 81.3% · cash 0.0%
Profitability
0-6
return on assets -38.0%
Bankruptcy probability, 12 months
6.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 15 months
08-2025: 6.1%lowest value
09-2025: 7.5%▲ +24.1% vs 08-2025highest value
10-2025: 7.5%● 0.0% vs 09-2025highest value
11-2025: 7.5%● 0.0% vs 10-2025highest value
12-2025: 7.5%● 0.0% vs 11-2025highest value
01-2026: 7.5%● 0.0% vs 12-2025highest value
02-2026: 7.5%● 0.0% vs 01-2026highest value
03-2026: 7.4%▼ -1.2% vs 02-2026
04-2026: 7.3%▼ -1.5% vs 03-2026
05-2026: 7.2%▼ -1.1% vs 04-2026
06-2026: 6.9%▼ -4.2% vs 05-2026
07-2026: 7.0%▲ +1.6% vs 06-2026
08-2026: 7.4%▲ +4.5% vs 07-2026
09-2026: 7.4%● +0.0% vs 08-2026
10-2026: 6.8%▼ -7.6% vs 09-2026
- Liquidity: current ratio 0.93, cash €259, halved raises the probability
- Negative equity -€36,776 raises the probability
- Loss of €411,497, the second in a row (FY 2024) raises the probability
- Founded in 1994 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.93 against 1.35 in 2023; short-term debt: 81.3% and cash: 0% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 15%, liquidity 8%, profitability 6%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€36,776
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
2024
31 d late
2023
on the day
2022
on the day
2021
on the day
2020
1 d late
2019
11 d early
2018
20 d early
← 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 on the deadline day; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Weakest financial yearnet -€411,497
- Annual accounts filedfiscal year 2023 · abbreviated…
Key points
- Risk: Negative equityfiscal year 2024: debts exceed assets -€36,776 View
- Caution: Among the weakest 5% on net resultsector median €40,118 · 9,080 companies -€411,497 View
- Result fell in 202418-month fiscal year ▼ 174% View
- Controlled by IAMTECultimately: STICON 100% View
- Caution: 2 loss-making years in a rowloss fiscal year 2024 -€411,497 View
By topic
Board & ownership
- Parent
- IAMTEC · 100%
Network & group
- Group
- STICON
Timeline
- Events
- 13
- Since
- 2016
- 31-08-2025Annual accounts filed
- 31-12-2024Weakest financial year
- 31-01-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale tradeNACE 46648
- Founded
- 10-02-1994
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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