HYCO
ActiveSummary
HYCO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-24k) and a net result of €3k. Equity is shrinking by ~65.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+75
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.05 against 0.72 in 2023; short-term debt: 49.5% and cash: 2.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-44.8%
Return on assets
5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 20780 sector peers (2024).
NBB · sector comparisonPosition among 20780 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
77 d late
2022
274 d late
2021
95 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-24k▲ 10.1%
2023 · €-27k
Total assets
€54k▲ 18.4%
2023 · €46k
Net result
€3k
2023 · €-10k
Working capital
€1k
2023 · €-6k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-9k▼ 65.0%€-4k▲ 52.1%€-6k▼ 46.1%€-9k▼ 43.4%€3k
Net result€-10k▼ 57.8%€-4k▲ 53.4%€-7k▼ 55.2%€-10k▼ 37.1%€3k
Equity€-6k€-10k▼ 76.2%€-17k▼ 67.1%€-27k▼ 55.1%€-24k▲ 10.1%
Total assets€47k▼ 20.4%€54k▲ 15.7%€42k▼ 21.8%€46k▲ 7.4%€54k▲ 18.4%
Debt€53k▼ 4.3%€65k▲ 22.4%€60k▼ 7.6%€72k▲ 21.3%€78k▲ 7.8%
Working capital€19k▼ 35.9%€11k▼ 43.1%€2k▼ 79.5%€-6k€1k
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 2024: €3k after a loss of €9k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €54k
Fixed assets
€26k ▼ 13.8%
Current assets
€28k ▲ 81.3%
Key figures and ratios
EBITDA
€10k▲
2023 · €-868
Cash flow
€10k▲
2023 · €-1k
Solvency
-44.8%▲
2023 · -59.0%
Current ratio
1.05▲
2023 · 0.72
Quick ratio
0.83▲
2023 · 0.48
Debt to equity
-3.23▼
2023 · -2.69
ROA
5.0%▲
2023 · -21.0%
Interest coverage
16.81▲
2023 · -1.46
Debt ≤ 1 year
€27k▲
2023 · €22k
Debt > 1 year
€50k=
2023 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €9k | €8k | €8k | €7k | ▼ 12.2% |
| Other operating charges640/8 | - | €1k | €1k | €2k | €1k | ▼ 39.6% |
| Gross operating margin9900 | €50 | €5k | €3k | €989 | €12k | ▲ 1,068% |
| Operating profit (loss)9901 | €-9k | €-4k | €-6k | €-9k | €3k | ▲ 137% |
| Financial charges65/66B | - | €213 | €721 | €596 | €620 | ▲ 4.1% |
| Recurring financial charges65 | €712 | €213 | €721 | €596 | €620 | ▲ 4.1% |
| Profit (loss) for the period before taxes9903 | €-10k | €-4k | €-7k | €-10k | €3k | ▲ 128% |
| Profit (loss) for the period9904 | €-10k | €-4k | €-7k | €-10k | €3k | ▲ 128% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €-4k | €-7k | €-10k | €3k | ▲ 128% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47k | €54k | €42k | €46k | €54k | ▲ 18.4% |
| Fixed assets21/28 | €25k | €29k | €31k | €30k | €26k | ▼ 13.8% |
| Intangible fixed assets21 | - | - | €124 | €76 | €28 | ▼ 63.2% |
| Tangible fixed assets22/27 | €25k | €29k | €31k | €30k | €26k | ▼ 13.7% |
| Plant, machinery and equipment23 | - | €29k | €30k | €30k | €26k | ▼ 13.6% |
| Furniture and vehicles24 | - | €375 | €192 | €87 | €39 | ▼ 55.2% |
| Current assets29/58 | €22k | €25k | €12k | €15k | €28k | ▲ 81.3% |
| Stocks and contracts in progress3 | €4k | €4k | €5k | €5k | €6k | ▲ 11.0% |
| Stocks30/36 | - | €4k | €5k | €5k | €6k | ▲ 11.0% |
| Amounts receivable within one year40/41 | - | €14k | €6k | €10k | €21k | ▲ 112% |
| Trade receivables40 | - | €13k | €6k | €10k | €21k | ▲ 112% |
| Other amounts receivable41 | - | €511 | €273 | - | - | - |
| Cash at bank and in hand54/58 | €17k | €8k | €289 | €468 | €1k | ▲ 218% |
| Deferred charges and accrued income490/1 | - | - | €209 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47k | €54k | €42k | €46k | €54k | ▲ 18.4% |
| Equity10/15 | €-6k | €-10k | €-17k | €-27k | €-24k | ▲ 10.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €23 | €23 | €23 | €23 | €23 | = |
| Non-distributable reserves130/1 | - | €23 | €23 | €23 | €23 | = |
| Reserves not available under the articles1311 | - | €23 | €23 | €23 | €23 | = |
| Profit (loss) carried forward14 | €-24k | €-29k | €-36k | €-45k | €-43k | ▲ 6.0% |
| Amounts payable17/49 | €53k | €65k | €60k | €72k | €78k | ▲ 7.8% |
| Amounts payable after more than one year17 | €50k | €50k | €50k | €50k | €50k | = |
| Financial debts170/4 | - | €50k | €50k | €50k | €50k | = |
| Amounts payable within one year42/48 | €2k | €14k | €9k | €22k | €27k | ▲ 23.7% |
| Trade debts44 | €2k | €852 | €3k | €968 | €2k | ▲ 88.8% |
| Suppliers440/4 | - | €852 | €3k | €968 | €2k | ▲ 88.8% |
| Taxes, remuneration and social security45 | - | €688 | - | €1k | €974 | ▼ 33.3% |
| Taxes450/3 | - | €688 | - | €1k | €974 | ▼ 33.3% |
| Other amounts payable47/48 | - | €13k | €7k | €19k | €24k | ▲ 24.8% |
| Accrued charges and deferred income492/3 | - | €312 | €312 | €812 | €1k | ▲ 68.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €-4k | €-7k | €-10k | €3k | ▲ 128% |
| + Depreciation and write-downs630 | €8k | €9k | €8k | €8k | €7k | ▼ 12.2% |
| Operating cash flow (approximation) | €-2k | €4k | €1k | €-1k | €10k | ▲ 770% |
| Investment in fixed assets (approximation) | - | €-12k | €-10k | €-7k | €-3k | ▲ 60.5% |
| Change in cash | - | €-10k | €-8k | €179 | €1k | ▲ 470% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 6 loss-making years.
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 274 days late
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 95 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
05-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 127 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brasschaat · 1 establishment unit since 2015
Ground area
1,090 m²
Building footprint
129 m²
Volume, LiDAR
713 m³
Parcel 11323F0056/00N002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HYCO
since 20152.247.627.184
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0056/00N002 | Flanders | 1,090 m² | 1 · 129 m² | 8.1 m · 2 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.
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 2,519 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 (pre-2019)
Founded25-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
Contact
Website
www.hyco.be
E-mail
info@hyco.be
Scores and ratios are computed by Checked and are not a credit decision.