SENHIVE
ActiveSummary
SENHIVE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €2.77M and a net result of €1.46M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 51 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability86▼-14
Solvency52▼-48
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 5.36 in 2025; short-term debt: 52.9% and cash: 42.3% of total assets), but 73.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
26.9%
Return on assets
14.2%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 51 sector peers (2026).
NBB · sector comparisonPosition among 51 sector peers
Solvency
better than 20%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026Equity per financial year
202122242526
2020 to 2026 · latest year €2.77M
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2026
40 d early
2025
21 d early
2024
16 d early
2022
on the day
2021
30 d late
2020
23 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€2.77M▲ 112%
2025 · €1.31M
2020: €-124k
2021: €-295k▼ -137% vs 2020
2022: €-483k▼ -63.8% vs 2021lowest value
2024: €721k
2025: €1.31M▲ +81.9% vs 2024
2026: €2.77M▲ +112% vs 2025highest value
2020 → 2026
Total assets
€10.32M▲ 536%
2025 · €1.62M
2020: €581k
2021: €491k▼ -15.4% vs 2020
2022: €490k▼ -0.4% vs 2021lowest value
2024: €984k
2025: €1.62M▲ +65.0% vs 2024
2026: €10.32M▲ +536% vs 2025highest value
2020 → 2026
Net result
€1.46M▲ 148%
2025 · €590k
2020: €-180k
2021: €-171k▲ +5.4% vs 2020
2022: €-188k▼ -10.3% vs 2021lowest value
2024: €215k
2025: €590k▲ +175% vs 2024
2026: €1.46M▲ +148% vs 2025highest value
2020 → 2026
Working capital
€3.42M▲ 426%
2025 · €651k
2020: €459k
2021: €47k▼ -89.7% vs 2020
2022: €-6k▼ -112% vs 2021lowest value
2024: €148k
2025: €651k▲ +340% vs 2024
2026: €3.42M▲ +426% vs 2025highest value
2020 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202420252026Trend
Equity€-295k-€-483k▼ 63.8%€721k€1.31M▲ 81.9%€2.77M▲ 112%
2021: €-295k
2022: €-483k▼ -63.8% vs 2021lowest value
2024: €721k
2025: €1.31M▲ +81.9% vs 2024
2026: €2.77M▲ +112% vs 2025highest value
Operating result€-168k-€-185k▼ 10.3%€197k€609k▲ 210%€1.78M▲ 192%
2021: €-168k
2022: €-185k▼ -10.3% vs 2021lowest value
2024: €197k
2025: €609k▲ +210% vs 2024
2026: €1.78M▲ +192% vs 2025highest value
Net result€-171k-€-188k▼ 10.3%€215k€590k▲ 175%€1.46M▲ 148%
2021: €-171k
2022: €-188k▼ -10.3% vs 2021lowest value
2024: €215k
2025: €590k▲ +175% vs 2024
2026: €1.46M▲ +148% vs 2025highest value
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 has risen two years in a row; 2026 is 192% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €10.32M
Fixed assets
€1.44M ▲ 75.1%
Current assets
€8.88M ▲ 1,009%
Equity and liabilities €10.32M
Equity
€2.77M ▲ 112%
Debt
€7.54M ▲ 2,324%
Debt's share of the balance-sheet total rises from 19.2% to 73.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.10M▲
2025 · €829k
Cash flow
€1.79M▲
2025 · €810k
Current ratio
1.63▼
2025 · 5.36
Quick ratio
1.49▼
2025 · 4.24
Debt to equity
2.72▲
2025 · 0.24
ROE
52.7%▲
2025 · 45.0%
ROA
14.2%▼
2025 · 36.4%
Interest coverage
18.26▼
2025 · 57.67
Debt ≤ 1 year
€5.46M▲
2025 · €149k
Debt > 1 year
€2.07M▲
2025 · €105k
Income taxes
€200k▲
2025 · €5k
Staff costs
€798k▲
2025 · €305k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 50 lines
Balance sheet
Code20252026
Assets
Total assets20/58€1.62M€10.32M▲
Fixed assets21/28€822k€1.44M▲
Intangible fixed assets21€743k€1.24M▲
Tangible fixed assets22/27€77k€199k▲
Plant, machinery and equipment23€8k€15k▲
Furniture and vehicles24€17k€97k▲
Other tangible fixed assets26€51k€87k▲
Financial fixed assets28€3k€3k=
Current assets29/58€801k€8.88M▲
Stocks and contracts in progress3€168k€743k▲
Stocks30/36€168k€743k▲
Amounts receivable within one year40/41€140k€446k▲
Trade receivables40€109k€23k▼
Other amounts receivable41€30k€422k▲
Current investments50/53-€3.00M
Cash at bank and in hand54/58€485k€4.36M▲
Deferred charges and accrued income490/1€8k€328k▲
Equity and liabilities
Total equity and liabilities10/49€1.62M€10.32M▲
Equity10/15€1.31M€2.77M▲
Contributions10/11€1.04M€1.04M=
Profit (loss) carried forward14€267k€1.73M▲
Amounts payable17/49€311k€7.54M▲
Amounts payable after more than one year17€105k€2.07M▲
Financial debts170/4€105k€2.07M▲
Amounts payable within one year42/48€149k€5.46M▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€105k€788k▲
Suppliers440/4€105k€788k▲
Advances received on contracts in progress46-€4.56M
Taxes, remuneration and social security45€43k€102k▲
Taxes450/3€2k€0▼
Remuneration and social security454/9€41k€102k▲
Other amounts payable47/48€887€0▼
Accrued charges and deferred income492/3€57k€15k▼
Income statement
Code20252026
Remuneration, social security and pensions62€305k€798k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€220k€326k▲
Other operating charges640/8€681€5k▲
Gross operating margin9900€1.13M€2.91M▲
Operating profit (loss)9901€609k€1.78M▲
Financial income75/76B€86€278▲
Recurring financial income75€86€278▲
Financial charges65/66B€14k€115k▲
Recurring financial charges65€14k€115k▲
Profit (loss) for the period before taxes9903€595k€1.66M▲
Income taxes67/77€5k€200k▲
Profit (loss) for the period9904€590k€1.46M▲
Profit (loss) for the period to be appropriated9905€590k€1.46M▲
Appropriation of the result
Profit (loss) to be appropriated9906€267k€1.73M▲
Profit (loss) brought forward from the previous period14P€-324k€267k▲
Social balance
Average headcount (FTE)90873.49.3▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €201k | €185k | €176k | €305k | €798k | ▲ 162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €72k | €187k | €220k | €326k | ▲ 48.2% |
| Other operating charges640/8 | €510 | €2k | €2k | €681 | €5k | ▲ 563% |
| Gross operating margin9900 | €53k | €73k | €562k | €1.13M | €2.91M | ▲ 156% |
| Operating profit (loss)9901 | €-168k | €-185k | €197k | €609k | €1.78M | ▲ 192% |
| Financial income75/76B | €0 | €8 | €92 | €86 | €278 | ▲ 224% |
| Recurring financial income75 | €0 | €8 | €92 | €86 | €278 | ▲ 224% |
| Financial charges65/66B | €2k | €2k | €4k | €14k | €115k | ▲ 701% |
| Recurring financial charges65 | €2k | €2k | €4k | €14k | €115k | ▲ 701% |
| Profit (loss) for the period before taxes9903 | €-170k | €-188k | €193k | €595k | €1.66M | ▲ 179% |
| Income taxes67/77 | €320 | €350 | €-22k | €5k | €200k | ▲ 4,247% |
| Profit (loss) for the period9904 | €-171k | €-188k | €215k | €590k | €1.46M | ▲ 148% |
| Profit (loss) for the period to be appropriated9905 | €-171k | €-188k | €215k | €590k | €1.46M | ▲ 148% |
| Line | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €491k | €490k | €984k | €1.62M | €10.32M | ▲ 536% |
| Fixed assets21/28 | €316k | €425k | €681k | €822k | €1.44M | ▲ 75.1% |
| Intangible fixed assets21 | €282k | €401k | €666k | €743k | €1.24M | ▲ 66.6% |
| Tangible fixed assets22/27 | €34k | €24k | €15k | €77k | €199k | ▲ 160% |
| Plant, machinery and equipment23 | €25k | €19k | €13k | €8k | €15k | ▲ 87.2% |
| Furniture and vehicles24 | €9k | €5k | €1k | €17k | €97k | ▲ 455% |
| Other tangible fixed assets26 | - | - | - | €51k | €87k | ▲ 70.5% |
| Financial fixed assets28 | - | - | - | €3k | €3k | = |
| Current assets29/58 | €175k | €64k | €303k | €801k | €8.88M | ▲ 1,009% |
| Stocks and contracts in progress3 | - | - | - | €168k | €743k | ▲ 342% |
| Stocks30/36 | - | - | - | €168k | €743k | ▲ 342% |
| Amounts receivable within one year40/41 | €115k | €5k | €66k | €140k | €446k | ▲ 219% |
| Trade receivables40 | €113k | €4k | €18k | €109k | €23k | ▼ 78.5% |
| Other amounts receivable41 | €3k | €1k | €47k | €30k | €422k | ▲ 1,290% |
| Current investments50/53 | - | - | - | - | €3.00M | - |
| Cash at bank and in hand54/58 | €55k | €55k | €233k | €485k | €4.36M | ▲ 800% |
| Deferred charges and accrued income490/1 | €5k | €5k | €4k | €8k | €328k | ▲ 4,001% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €491k | €490k | €984k | €1.62M | €10.32M | ▲ 536% |
| Equity10/15 | €-295k | €-483k | €721k | €1.31M | €2.77M | ▲ 112% |
| Contributions10/11 | €56k | €56k | €1.04M | €1.04M | €1.04M | = |
| Profit (loss) carried forward14 | €-351k | €-539k | €-324k | €267k | €1.73M | ▲ 548% |
| Amounts payable17/49 | €786k | €972k | €263k | €311k | €7.54M | ▲ 2,324% |
| Amounts payable after more than one year17 | €658k | €902k | €101k | €105k | €2.07M | ▲ 1,877% |
| Financial debts170/4 | €658k | €902k | €101k | €105k | €2.07M | ▲ 1,877% |
| Amounts payable within one year42/48 | €128k | €70k | €155k | €149k | €5.46M | ▲ 3,555% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €484 | €0 | - | - |
| Trade debts44 | €59k | €15k | €92k | €105k | €788k | ▲ 647% |
| Suppliers440/4 | €59k | €15k | €92k | €105k | €788k | ▲ 647% |
| Advances received on contracts in progress46 | - | - | - | - | €4.56M | - |
| Taxes, remuneration and social security45 | €33k | €19k | €32k | €43k | €102k | ▲ 138% |
| Taxes450/3 | €6k | €350 | €18k | €2k | €0 | ▼ 100% |
| Remuneration and social security454/9 | €27k | €18k | €15k | €41k | €102k | ▲ 148% |
| Other amounts payable47/48 | €30k | €30k | €30k | €887 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | €7k | €57k | €15k | ▼ 74.6% |
| Line | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-171k | €-188k | €215k | €590k | €1.46M | ▲ 148% |
| + Depreciation and write-downs630 | €20k | €72k | €187k | €220k | €326k | ▲ 48.2% |
| Operating cash flow (approximation) | €-150k | €-116k | €403k | €810k | €1.79M | ▲ 121% |
| Investment in fixed assets (approximation) | - | €-181k | - | €-361k | €-943k | ▼ 161% |
| Change in cash | - | €-212 | - | €252k | €3.88M | ▲ 1,439% |
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
Next filing, fiscal year 2027, expected by
2026
21-09
State Gazette act
Capital & sharesShare transfer · Capital · Declaration12 facts ▸
State Gazette act
Capital & shares
Share transfer · Capital · Declaration12 facts ▸
- General meeting, 15-09-2026
- Share transfer
- Capital
- Capital
- Board meeting, ontslaat de voorzitter voorlezing te geven van het verslag van het bestuursorgaan, algemene vergadering
- Declaration, keurt het verslag goed, Elke aandeelhouder erkent een kopie van dit verslag te hebben ontvangen en er kennis van te hebben genomen
- Financial instrument, 61539, 0
- Capital increase
- Power of attorney
- Statutes amendment, Artikel 5
- Power of attorney
- Power of attorney, Dimitri CLEENEWERCK de CRAYENCOUR
21-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Highest result since 2020net €1.46M ▲148%
Operating result €1.78M, net result €1.46M, both a record.
31-03
Financial
Equity above €2MEq €2.77M ▲112%
3 profitable years in a row build equity to €2.77M.
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Liquidity triplescurrent ratio 5.36
Current ratio from 1.96 to 5.36; short-term debt falls from €155k to €149k.
31-03
Financial
Equity above €1MEq €1.31M ▲81.9%
2 profitable years in a row build equity to €1.31M.
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Back to profitnet €215k
Net result €215k after 3 loss-making years.
31-03
Financial
Liquidity doublescurrent ratio 1.96
Current ratio from 0.92 to 1.96.
31-03
Financial
Equity above €500kEq €721k
Equity rises from €-483k to €721k.
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Show earlier events
2022
31-12
Financial
Weakest financial yearnet €-188k
Net result drops to €-188k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2019
Ground area
6,832 m²
Building footprint
3,338 m²
Parcel 71322A0540/00N003, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
SENHIVE
since 20192.288.682.633
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0540/00N003 | Flanders | 6,832 m² | 1 · 3,338 m² | - |
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.
Articles of association
Other provisions of the articles (4)
- Share class: dezelfde rechten en voordelen verlenen als de bestaande aandelen van de soort Gewone Aandelen, Gewone Aandelen
- Other statement: uitgifte van de Warrants ESOP en de daaruit resulterende aandelen bij hun uitoefening, opheffing voorkeurrecht
- Other statement: uitoefenprijs niet lager mag zijn dan de boekwaarde van de bestaande aandelen zoals die blijkt uit de laatste jaarrekening van de vennootschap die werd vastgest…
- Transfer restriction: In geval van een overdracht van aandelen overeenkomstig deze statuten, worden de betreffende aandelen, al naar gelang het geval, omgezet in de soort aandelen di…
Structure & network
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 21-09-2026 ↗
- parties not read 44 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 21-09-2026 Capital stated in the act · 7,077 shares
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 221,219 EUR awarded · 176,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 221,219 EUR | 176,000 EUR |
Schemes
Ontwikkelingsproject
Federal government
2025 · 1 entry · 217,600 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | Defensie | 1 | 217,600 EUR |
Budget allocations
Inkomensoverdracht R&D naar bedrijven
European Union, budget
2021 · 1 entry · 58,444 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2021 | 1 | 58,444 EUR |
Projects
COUNTER UAS PROOF OF CONCEPT
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 2,094 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
Founded17-04-2019
Fiscal year end31-03
Activities, NACEBEL 2025
62100Computer programming
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.