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HYPER

Active
Private limited company (pre-2019)founded 1989active for 37 yearsHundelgemsesteenweg 274, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0437.494.843
Summary

HYPER has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,796 and a net result of €6,652. Equity is growing by about 4.1% per year across the filed financial years. Its solvency ranks better than 94% of 16,729 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€146,796▼ 50.6%
2024 · €297,144
Total assets
€155,405▼ 48.3%
2024 · €300,586
Net result
€6,652▼ 38.7%
2024 · €10,852
Working capital
€109,073▼ 57.0%
2024 · €253,679
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result has fallen four years in a row; 2025 is 40% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€9,474 2025 Net result€6,652 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€10,634-€320,053▲ 2,910%€15,366▼ 95.2%€15,962▲ 3.9%€15,888▼ 0.5%€15,787▼ 0.6%€15,701▼ 0.5%€9,474▼ 39.7%
Net result€6,381-€252,092▲ 3,850%€10,208within the sector's middle half▼ 96.0%€10,625within the sector's middle half▲ 4.1%€10,580within the sector's middle half▼ 0.4%€10,735within the sector's middle half▲ 1.5%€10,852within the sector's middle half▲ 1.1%€6,652within the sector's middle half▼ 38.7%
Equity-€7,947-€244,145€254,352within the sector's middle half▲ 4.2%€264,977within the sector's middle half▲ 4.2%€275,557within the sector's middle half▲ 4.0%€286,292within the sector's middle half▲ 3.9%€297,144within the sector's middle half▲ 3.8%€146,796within the sector's middle half▼ 50.6%
Total assets€139,901-€282,666▲ 102%€294,429within the sector's middle half▲ 4.2%€284,290within the sector's middle half▼ 3.4%€289,918within the sector's middle half▲ 2.0%€291,580within the sector's middle half▲ 0.6%€300,586within the sector's middle half▲ 3.1%€155,405within the sector's middle half▼ 48.3%
Debt€147,848-€38,521▼ 73.9%€40,077▲ 4.0%€19,313▼ 51.8%€14,361▼ 25.6%€5,288▼ 63.2%€3,442▼ 34.9%€8,609▲ 150%
Working capital-€127,874-€171,971€187,921above the sector's middle half▲ 9.3%€204,287above the sector's middle half▲ 8.7%€220,609above the sector's middle half▲ 8.0%€237,085above the sector's middle half▲ 7.5%€253,679above the sector's middle half▲ 7.0%€109,073above the sector's middle half▼ 57.0%
Solvency-5.7%-86.4%▲ 92.1pp86.4%above the sector's middle half=93.2%above the sector's middle half▲ 6.8pp95.0%above the sector's middle half▲ 1.8pp98.2%above the sector's middle half▲ 3.1pp98.9%above the sector's middle half▲ 0.7pp94.5%above the sector's middle half▼ 4.4pp
Current ratio0.14-5.46▲ 5.335.69above the sector's middle half▲ 0.2211.58above the sector's middle half▲ 5.8916.36above the sector's middle half▲ 4.7845.83above the sector's middle half▲ 29.4774.70above the sector's middle half▲ 28.8713.67above the sector's middle half▼ 61.03
Return on assets (ROA)4.6%-89.2%▲ 84.6pp3.5%within the sector's middle half▼ 85.7pp3.7%within the sector's middle half▲ 0.3pp3.6%within the sector's middle half▼ 0.1pp3.7%within the sector's middle half=3.6%within the sector's middle half▼ 0.1pp4.3%within the sector's middle half▲ 0.7pp
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €155,405
Fixed assets €37,723 ▼ 13.2%
Current assets €117,682 ▼ 54.2%
Equity and liabilities €155,405
Equity €146,796 ▼ 50.6%
Debt €8,609 ▲ 150%
Debt's share of the balance-sheet total rises from 1.1% to 5.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€15,216▼
2024 · €21,443
Cash flow
€12,394▼
2024 · €16,593
Debt to equity
0.06▲
2024 · 0.01
ROE
4.5%▲
2024 · 3.7%
Interest coverage
18.56▼
2024 · over 100
Debt ≤ 1 year
€8,609▲
2024 · €3,442
Income taxes
€3,104▼
2024 · €5,064
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 17,041 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€300,586€155,405▼
Fixed assets21/28€43,465€37,723▼
Tangible fixed assets22/27€43,465€37,723▼
Land and buildings22€42,860€37,723▼
Plant, machinery and equipment23€605€0▼
Current assets29/58€257,121€117,682▼
Amounts receivable after more than one year29€200,000€0▼
Other amounts receivable291€200,000€0▼
Amounts receivable within one year40/41€660€2,510▲
Trade receivables40€479€0▼
Other amounts receivable41€181€2,510▲
Current investments50/53-€70,000
Cash at bank and in hand54/58€56,461€45,172▼
Equity and liabilities
Total equity and liabilities10/49€300,586€155,405▼
Equity10/15€297,144€146,796▼
Contributions10/11€62,000€62,000=
Reserves13€234,700€84,796▼
Non-distributable reserves130/1€6,200€6,200=
Reserves not available under the articles1311€6,200€6,200=
Tax-exempt reserves132€18,750€18,750=
Distributable reserves133€209,750€59,846▼
Profit (loss) carried forward14€444€0▼
Amounts payable17/49€3,442€8,609▲
Amounts payable within one year42/48€3,442€8,609▲
Trade debts44-€1,486
Suppliers440/4-€1,486
Taxes, remuneration and social security45€5€0▼
Taxes450/3€5€0▼
Other amounts payable47/48€3,437€7,123▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,742€5,742=
Other operating charges640/8€441€144▼
Gross operating margin9900€21,883€15,360▼
Operating profit (loss)9901€15,701€9,474▼
Financial income75/76B€287€1,102▲
Recurring financial income75€287€1,102▲
Financial charges65/66B€72€820▲
Recurring financial charges65€72€820▲
Profit (loss) for the period before taxes9903€15,916€9,757▼
Income taxes67/77€5,064€3,104▼
Profit (loss) for the period9904€10,852€6,652▼
Profit (loss) for the period to be appropriated9905€10,852€6,652▼
Appropriation of the result
Profit (loss) to be appropriated9906€11,294€7,096▼
Profit (loss) brought forward from the previous period14P€442€444▲
Transfer from equity791/2-€157,000
Transfer to equity691/2€10,850€7,096▼
To other reserves6921€10,850€7,096▼
Profit to be distributed694/7-€157,000
Return on contributions (dividend)694-€157,000

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,497€5,742€5,742€5,742€5,742€5,742€5,742€5,742=
Other operating charges640/8---€420€422€432€441€144▼ 67.3%
Gross operating margin9900€23,580€327,723€21,527€22,124€22,051€21,960€21,883€15,360▼ 29.8%
Operating profit (loss)9901€10,634€320,053€15,366€15,962€15,888€15,787€15,701€9,474▼ 39.7%
Financial income75/76B------€287€1,102▲ 284%
Recurring financial income75------€287€1,102▲ 284%
Financial charges65/66B---€23€24€47€72€820▲ 1,031%
Recurring financial charges65€4,252€17€65€23€24€47€72€820▲ 1,031%
Profit (loss) for the period before taxes9903€6,381€320,036€15,301€15,939€15,864€15,739€15,916€9,757▼ 38.7%
Income taxes67/77-€67,945€5,093€5,314€5,284€5,005€5,064€3,104▼ 38.7%
Profit (loss) for the period9904€6,381€252,092€10,208€10,625€10,580€10,735€10,852€6,652▼ 38.7%
Profit (loss) for the period to be appropriated9905€6,381€252,092€10,208€10,625€10,580€10,735€10,852€6,652▼ 38.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€139,901€282,666€294,429€284,290€289,918€291,580€300,586€155,405▼ 48.3%
Fixed assets21/28€119,927€72,173€66,432€60,690€54,948€49,207€43,465€37,723▼ 13.2%
Tangible fixed assets22/27€119,927€72,173€66,432€60,690€54,948€49,207€43,465€37,723▼ 13.2%
Land and buildings22---€58,270€53,133€47,997€42,860€37,723▼ 12.0%
Plant, machinery and equipment23---€2,420€1,815€1,210€605€0▼ 100%
Current assets29/58€19,974€210,492€227,997€223,600€234,970€242,374€257,121€117,682▼ 54.2%
Amounts receivable after more than one year29---€200,000€200,000€200,000€200,000€0▼ 100%
Other amounts receivable291---€200,000€200,000€200,000€200,000€0▼ 100%
Amounts receivable within one year40/41-€7,638€12,999€86€116€2,843€660€2,510▲ 280%
Trade receivables40---€86-€1,214€479€0▼ 100%
Other amounts receivable41----€116€1,629€181€2,510▲ 1,288%
Current investments50/53-------€70,000-
Cash at bank and in hand54/58€19,323€2,855€14,999€23,514€34,854€39,531€56,461€45,172▼ 20.0%
Equity and liabilities
Total equity and liabilities10/49€139,901€282,666€294,429€284,290€289,918€291,580€300,586€155,405▼ 48.3%
Equity10/15-€7,947€244,145€254,352€264,977€275,557€286,292€297,144€146,796▼ 50.6%
Contributions10/11€62,000€62,000-€62,000€62,000€62,000€62,000€62,000=
Reserves13€84,544€181,950€192,050€202,650€213,150€223,850€234,700€84,796▼ 63.9%
Non-distributable reserves130/1---€6,200€6,200€6,200€6,200€6,200=
Reserves not available under the articles1311---€6,200€6,200€6,200€6,200€6,200=
Tax-exempt reserves132---€18,750€18,750€18,750€18,750€18,750=
Distributable reserves133---€177,700€188,200€198,900€209,750€59,846▼ 71.5%
Profit (loss) carried forward14-€154,491€195€302€327€407€442€444€0▼ 100%
Amounts payable17/49€147,848€38,521€40,077€19,313€14,361€5,288€3,442€8,609▲ 150%
Amounts payable within one year42/48€147,848€38,521€40,077€19,313€14,361€5,288€3,442€8,609▲ 150%
Trade debts44€2,260-€39-€58--€1,486-
Suppliers440/4----€58--€1,486-
Taxes, remuneration and social security45---€10,407€10,597€5,288€5€0▼ 100%
Taxes450/3---€10,407€10,597€5,288€5€0▼ 100%
Other amounts payable47/48---€8,906€3,706-€3,437€7,123▲ 107%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€6,381€252,092€10,208€10,625€10,580€10,735€10,852€6,652▼ 38.7%
+ Depreciation and write-downs630€11,497€5,742€5,742€5,742€5,742€5,742€5,742€5,742=
Operating cash flow (approximation)€17,878€257,833€15,949€16,367€16,322€16,476€16,593€12,394▼ 25.3%
Investment in fixed assets (approximation)-€42,012€0€0€0€0€0€0-
Change in cash--€16,468€12,144€8,516€11,340€4,677€16,929-€11,289-

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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