Financials
Financial year 2025
HICO from Lievegem, company number BE0432392742, closed financial year 2025 with a result of € 127,307 after tax. For that financial year HICO recorded a gross margin of € 135,279 and equity of € 13.5 million. Compared with financial year 2024, the result moved from € 99,358 to € 127,307. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2025.
€ 13.5 million
▲ € 12.9 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 127,307
▲ 28% vs 2024
Profit after tax over the fiscal year.
€ 193,872
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 445,429.
People and assets in 2025
€ 35,431
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 571
▼ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,545
▼ 23% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 52,678 | € 54,233 | € 114,839 | € 135,279 | ▲ 18% |
| Profit after taxes | € 33,122 | € 33,643 | € 99,358 | € 127,307 | ▲ 28% |
| Equity | € 470,220 | € 503,864 | € 603,222 | € 13,517,687 | ▲ € 12.9 million |
| Total debts | € 8,626 | € 2,068 | € 12,349 | € 16,446 | ▲ 33% |
| Cash | € 296,552 | € 330,132 | € 229,784 | € 193,872 | ▼ 16% |
| Land & buildings | € 159,298 | € 147,722 | € 144,051 | € 178,075 | ▲ 24% |
| Retained profit | € 185,120 | € 218,764 | € 318,122 | € 445,429 | ▲ 40% |
| Balance sheet total | € 478,846 | € 505,931 | € 615,571 | € 13,534,134 | ▲ € 12.9 million |
Key figures of HICO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to HICO?
What happened at HICO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Johan Pauwels stepped down as director. NBB
- Sander Pauwels stepped down as director. NBB
- Jarne Pauwels stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 127,307 (▲ 28% vs 2024). Source: NBB ↗
- Johan Pauwels became a director. NBB
- Sander Pauwels became a director. NBB
- Jarne Pauwels became a director. NBB
- New establishment in Lievegem. KBO
In short
From € 33,122 profit in 2022 to € 127,307 profit in 2025.
Paid € 4,403 in corporate taxes since 2022.
Best year ever: 2025, with € 127,307 profit.
Management
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Sander Pauwels
Director
since 2023 · until 2029
Jarne Pauwels
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Legevoorde 8
9950 Lievegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0432.392.742
- VAT number
- BE 0432.392.742
- Registered office
- Legevoorde 8, 9950 Lievegem
- Names & denominations
- HICO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 October 1987
- Peppol
- Active · Active since 18 Feb 2026
- Activities · NACE
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