HYco

Active

Private limited companyfounded 199234 yrs activeLatemstraat 171, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0446.899.685

Summary

HYco has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.26M and a net result of €-69k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 95% of 685 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysis Watch Report Compare

HYcoActiveChecked score 76/100

Risk analysis Report Compare

Checked score

Score 2025

76 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability30▼-15

Solvency100=

Growth32=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €170k at 30 days acceptable

short-term debt: 0% and cash: 11.3% of total assets, and 0% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 85

Relative position

BE, all sectors

reference

Education (NACE 85)

about 77% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

100%

Return on assets

-3%

Age of the figures

15 mo

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-02-2026, 6 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 filings

Deviation from the deadline

2025

6 d late

2024

5 d late

2023

1 d early

2022

8 d early

2021

28 d late

2020

18 d early

2019

21 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

30-06-2026 close25-09-2026 today31-01-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€2.26M▼ 3.0%

2024 · €2.32M

2019: €2.39M 2020: €2.40M▲ +0.5% vs 2019 2021: €2.40M▼ -0.1% vs 2020 2022: €2.43M▲ +1.3% vs 2021highest in 7 years 2023: €2.40M▼ -1.2% vs 2022 2024: €2.32M▼ -3.2% vs 2023 2025: €2.26M▼ -3.0% vs 2024lowest in 7 years

2019 → 2025

Total assets

€2.26M▼ 3.0%

2024 · €2.33M

2019: €2.39M 2020: €2.40M▲ +0.6% vs 2019 2021: €2.40M▼ -0.2% vs 2020 2022: €2.43M▲ +1.3% vs 2021highest in 7 years 2023: €2.40M▼ -1.2% vs 2022 2024: €2.33M▼ -3.1% vs 2023 2025: €2.26M▼ -3.0% vs 2024lowest in 7 years

2019 → 2025

Net result

€-69k

2024 · €74k

2019: €2.08Mhighest in 7 years 2020: €13k▼ -99.4% vs 2019 2021: €-2k▼ -117% vs 2020 2022: €32k▲ +1560% vs 2021 2023: €-29k▼ -190% vs 2022 2024: €74k▲ +358% vs 2023 2025: €-69k▼ -193% vs 2024lowest in 7 years

2019 → 2025

Working capital

€2.26M▼ 3.0%

2024 · €2.32M

2019 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€2.40M-€2.43M▲ 1.3%€2.40M▼ 1.2%€2.32M▼ 3.2%€2.26M▼ 3.0% 2021: €2.40M 2022: €2.43M▲ +1.3% vs 2021highest in 5 years 2023: €2.40M▼ -1.2% vs 2022 2024: €2.32M▼ -3.2% vs 2023 2025: €2.26M▼ -3.0% vs 2024lowest in 5 years

Operating result€-2k-€-5k▼ 118%€-5k▲ 1.2%€-5k▼ 19.1%€-4k▲ 18.9% 2021: €-2khighest in 5 years 2022: €-5k▼ -118% vs 2021 2023: €-5k▲ +1.2% vs 2022 2024: €-5k▼ -19.1% vs 2023lowest in 5 years 2025: €-4k▲ +18.9% vs 2024

Net result€-2k-€32k€-29k€74k€-69k 2021: €-2k 2022: €32k▲ +1560% vs 2021 2023: €-29k▼ -190% vs 2022 2024: €74k▲ +358% vs 2023highest in 5 years 2025: €-69k▼ -193% vs 2024lowest in 5 years

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

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €4k in 2025 against €5k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €2.26M

100.0%

Equity €2.26M ▼ 3.0%

Debt €998 ▼ 54.4%

Debt's share of the balance-sheet total stays at 0.0%.

Key figures and ratios

2025 value · change against 2024

Debt to equity

0.00▼

2024 · 0.00

ROE

-3.0%▼

2024 · 3.2%

ROA

-3.0%▼

2024 · 3.2%

Debt ≤ 1 year

€998▼

2024 · €2k

Income taxes

€7k▲

2024 · €6k

A ratio outside any meaningful range has been withheld (balance sheet total €2.26M, equity €2.26M).

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines

Balance sheet Code20242025

Assets

Total assets20/58€2.33M€2.26M▼

Current assets29/58€2.33M€2.26M▼

Amounts receivable within one year40/41€23k€18k▼

Other amounts receivable41€23k€18k▼

Current investments50/53€1.86M€1.98M▲

Cash at bank and in hand54/58€440k€256k▼

Equity and liabilities

Total equity and liabilities10/49€2.33M€2.26M▼

Equity10/15€2.32M€2.26M▼

Contributions10/11€19k€19k=

Reserves13€2.31M€2.24M▼

Distributable reserves133€2.31M€2.24M▼

Profit (loss) carried forward14€0€0=

Amounts payable17/49€2k€998▼

Amounts payable within one year42/48€2k€998▼

Trade debts44€2k€998▼

Suppliers440/4€2k€998▼

Income statement Code20242025

Other operating charges640/8€382€254▼

Gross operating margin9900€-5k€-4k▲

Operating profit (loss)9901€-5k€-4k▲

Financial income75/76B€122k€48k▼

Recurring financial income75€122k€48k▼

Financial charges65/66B€37k€105k▲

Recurring financial charges65€37k€105k▲

Profit (loss) for the period before taxes9903€79k€-62k▼

Income taxes67/77€6k€7k▲

Profit (loss) for the period9904€74k€-69k▼

Profit (loss) for the period to be appropriated9905€74k€-69k▼

Appropriation of the result

Profit (loss) to be appropriated9906€74k€-69k▼

Transfer from equity791/2€150k€69k▼

Transfer to equity691/2€74k€0▼

To other reserves6921€74k€0▼

Profit to be distributed694/7€150k€0▼

Return on contributions (dividend)694€150k€0▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2021	2022	2023	2024	2025	Change
Other operating charges640/8	-	-	€232	€382	€254	▼ 33.5%
Gross operating margin9900	€-2k	€-5k	€-4k	€-5k	€-4k	▲ 17.8%
Operating profit (loss)9901	€-2k	€-5k	€-5k	€-5k	€-4k	▲ 18.9%
Financial income75/76B	-	€46k	€131k	€122k	€48k	▼ 61.0%
Recurring financial income75	€0	€46k	€131k	€122k	€48k	▼ 61.0%
Financial charges65/66B	-	€5k	€125k	€37k	€105k	▲ 186%
Recurring financial charges65	€36	€5k	€125k	€37k	€105k	▲ 186%
Profit (loss) for the period before taxes9903	€-2k	€36k	€803	€79k	€-62k	▼ 178%
Income taxes67/77	€0	€5k	€29k	€6k	€7k	▲ 14.2%
Profit (loss) for the period9904	€-2k	€32k	€-29k	€74k	€-69k	▼ 193%
Profit (loss) for the period to be appropriated9905	€-2k	€32k	€-29k	€74k	€-69k	▼ 193%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€2.40M	€2.43M	€2.40M	€2.33M	€2.26M	▼ 3.0%
Current assets29/58	€2.40M	€2.43M	€2.40M	€2.33M	€2.26M	▼ 3.0%
Amounts receivable within one year40/41	€0	€7k	€9k	€23k	€18k	▼ 23.1%
Other amounts receivable41	-	€7k	€9k	€23k	€18k	▼ 23.1%
Current investments50/53	€332k	€1.25M	€1.78M	€1.86M	€1.98M	▲ 6.4%
Cash at bank and in hand54/58	€2.07M	€1.18M	€612k	€440k	€256k	▼ 41.9%
Equity and liabilities
Total equity and liabilities10/49	€2.40M	€2.43M	€2.40M	€2.33M	€2.26M	▼ 3.0%
Equity10/15	€2.40M	€2.43M	€2.40M	€2.32M	€2.26M	▼ 3.0%
Contributions10/11	-	€19k	€19k	€19k	€19k	=
Reserves13	€2.38M	€2.41M	€2.38M	€2.31M	€2.24M	▼ 3.0%
Non-distributable reserves130/1	-	€2k	€0	-	-	-
Reserves not available under the articles1311	-	€2k	€0	-	-	-
Distributable reserves133	-	€2.41M	€2.38M	€2.31M	€2.24M	▼ 3.0%
Profit (loss) carried forward14	-	-	-	€0	€0	-
Amounts payable17/49	€1k	€1k	€1k	€2k	€998	▼ 54.4%
Amounts payable within one year42/48	€1k	€1k	€1k	€2k	€998	▼ 54.4%
Trade debts44	€1k	€1k	€1k	€2k	€998	▼ 54.4%
Suppliers440/4	-	€1k	€1k	€2k	€998	▼ 54.4%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€-2k	€32k	€-29k	€74k	€-69k	▼ 193%
Operating cash flow (approximation)	€-2k	€32k	€-29k	€74k	€-69k	▼ 193%
Change in cash	-	€-889k	€-564k	€-173k	€-184k	▼ 6.4%

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

All 15Financial 5Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

06-02

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 6 days late

2025

30-06

Financial Weakest financial yearnet €-69k

Net result drops to €-69k, the lowest in the series.

30-06

Financial Liquidity doublescurrent ratio 2259.99

Current ratio from 1062.49 to 2259.99; short-term debt falls from €2k to €998.

05-02

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 5 days late

2024

30-06

Financial Back to profitnet €74k

Net result €74k after one loss-making year.

30-01

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

23-01

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

30-06

Financial Back to profitnet €32k

Net result €32k after one loss-making year.

28-02

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 28 days late

2021

30-06

Financial Liquidity doublescurrent ratio 1894.80

Current ratio from 840.10 to 1894.80; short-term debt falls from €3k to €1k.

13-01

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

10-01

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

Show earlier events

2018

11-12

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2017

20-12

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

27-02

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 27 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has 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

3 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, Sint-Martens-Latem · 1 establishment unit since 1993

seat establishment The establishment unit on the map

Ground area

5,506 m²

Building footprint

549 m²

Volume, LiDAR

5,297 m³

Parcel 44064B0002/00W000, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.

10 companies at this address See who is registered here

1 establishment unit

HYCO SPRL

Latemstraat 171, 9830 Sint-Martens-LatemOther professional, scientific and technical activities

since 19932.060.800.830

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44064B0002/00W000	Flanders	5,506 m²	1 · 549 m²	13.9 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.

Recognitions · licences · registrations

Legal Entity Identifier

875500XM5PO1543DVL31

live in the LEI register

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Of 947 companies in sector 85699 we hold annual accounts for 147. 64 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

Founded20-03-1992

Fiscal year end30-06

Activities, NACEBEL 2025

85699Other educational support services

74301Translation services

85599Other education

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