ACTIVE

HICO

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Financial year 2025 · closed on 30/06/2025
Net result
127,3 k €
+28.1% YoY
Gross margin
135,3 k €
+17.8% YoY
Equity
13,5 M €
+2140.9% YoY

What does HICO do?

HICO is a Public limited company incorporated in 1987. Its main activity is: Management consultancy activities. Its registered office is in Lievegem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0432.392.742
Incorporation
28/10/1987
Legal form
Public limited company
Registered office
Legevoorde 8
9950 Lievegem · FlandreSee on map
Contributed capital
13 072 258,31 €
Latest accounts
30/06/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities74142Specialised design activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin135,3 k €114,8 k €54,2 k €52,7 k €50,6 k €50,8 k €71,4 k €48,7 k €52,7 k €47,6 k €49,3 k €54,6 k €42,9 k €47 k €40,2 k €29 k €21,6 k €25,2 k €
EBITDA127,6 k €108,6 k €48,9 k €47,5 k €45,4 k €44,9 k €65,5 k €42,9 k €47,4 k €41,9 k €43,7 k €49,3 k €36,3 k €42,5 k €36 k €24,7 k €17,7 k €21,9 k €
Operating result114 k €99,6 k €33,8 k €33,3 k €32,1 k €31,5 k €37 k €14,9 k €19,5 k €14,4 k €16,2 k €21 k €8,5 k €15 k €8,5 k €-2,5 k €6,9 k €11 k €
Net result127,3 k €99,4 k €33,6 k €33,1 k €32 k €30,1 k €34,9 k €12,3 k €16,3 k €10,6 k €11,9 k €16,3 k €3 k €9 k €1,9 k €-2,6 k €6,9 k €11,1 k €
Balance sheet
Equity13,5 M €603,2 k €503,9 k €470,2 k €437,1 k €405,1 k €375 k €340,1 k €327,8 k €311,5 k €300,9 k €289 k €272,7 k €269,7 k €260,7 k €258,8 k €261,5 k €254,6 k €
Total assets13,5 M €615,6 k €505,9 k €478,8 k €440 k €406,4 k €412,2 k €391,6 k €391,6 k €390 k €397,5 k €396 k €397,6 k €408,1 k €415,1 k €431,2 k €303,6 k €307 k €
Cash193,9 k €229,8 k €330,1 k €296,6 k €252,5 k €209,2 k €202,8 k €163,3 k €136,8 k €110,8 k €86,5 k €61,9 k €38,9 k €23,2 k €2,6 k €1,9 k €9,1 k €6,5 k €
Debts3,1 k €6,9 k €2,1 k €8,6 k €2,9 k €1,3 k €36,2 k €46,1 k €61,2 k €77,4 k €95,6 k €106,1 k €123,9 k €136,2 k €152,2 k €171 k €41,6 k €51,9 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 22 ended

Active mandates

Jarne Pauwels

Director · since 16 juin 2023 · until 29 septembre 2029

Active
Johan Pauwels

Managing director · since 16 juin 2023 · until 29 septembre 2029

Active
Sander Pauwels

Director · since 16 juin 2023 · until 29 septembre 2029

Active

Ended mandates

Jarne Pauwels

Director · since 11 août 2019 · until 27 septembre 2025

Ended
Sander Pauwels

Director · since 11 août 2019 · until 27 septembre 2025

Ended
Ann Coopman

Director · since 01 octobre 2017 · until 30 septembre 2023

Ended
Johan Pauwels

Director · since 01 octobre 2017 · until 30 septembre 2023

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/10/202517/10/202416/10/202327/09/202212/10/202130/09/2020
General meeting27/09/202528/09/202430/09/202324/09/202225/09/202126/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/06/202527/09/202527/10/2025DutchPDF
Micro model30/06/202428/09/202417/10/2024DutchPDF
Micro model30/06/202330/09/202316/10/2023DutchPDF
Micro model30/06/202224/09/202227/09/2022DutchPDF
Micro model30/06/202125/09/202112/10/2021DutchPDF
Micro model30/06/202026/09/202030/09/2020DutchPDF
Micro model30/06/201928/09/201924/10/2019DutchPDF
Micro model30/06/201829/09/201830/10/2018DutchPDF
Abridged model30/06/201730/09/201709/10/2017DutchPDF
Abridged model30/06/201624/09/201610/10/2016DutchPDF
Abridged model30/06/201526/09/201529/09/2015DutchPDF
Abridged model30/06/201427/09/201407/10/2014DutchPDF
Abridged model30/06/201328/09/201309/10/2013DutchPDF
Abridged model30/06/201229/09/201212/10/2012DutchPDF
Abridged model30/06/201124/09/201107/10/2011DutchPDF
Abridged model30/06/201025/09/201006/10/2010DutchPDF
Abridged model30/06/200926/09/200905/10/2009DutchPDF
Abridged model30/06/200827/09/200829/09/2008DutchPDF
Abridged model30/06/200729/09/200722/10/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 22 ended

Active mandates

Jarne Pauwels

Director · since 16 juin 2023 · until 29 septembre 2029

Active
Johan Pauwels

Managing director · since 16 juin 2023 · until 29 septembre 2029

Active
Sander Pauwels

Director · since 16 juin 2023 · until 29 septembre 2029

Active

Ended mandates

Jarne Pauwels

Director · since 11 août 2019 · until 27 septembre 2025

Ended
Sander Pauwels

Director · since 11 août 2019 · until 27 septembre 2025

Ended
Ann Coopman

Director · since 01 octobre 2017 · until 30 septembre 2023

Ended
Johan Pauwels

Director · since 01 octobre 2017 · until 30 septembre 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares17/12/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Other27/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates27/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/10/2017
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/11/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/01/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates09/10/2008
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other21/09/2006
    STATUTENWIJZIGING
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025127,3 k €↑
  2. 2024
    Annual accounts 202499,4 k €↑
  3. 2023
    Annual accounts 202333,6 k €↑
  4. 2022
    Annual accounts 202233,1 k €↑
  5. 2021
    Annual accounts 202132 k €↑
  6. 2020
    Annual accounts 202030,1 k €↓
  7. 2019
    Annual accounts 201934,9 k €↑
  8. 2018
    Annual accounts 201812,3 k €↓
  9. 2017
    Annual accounts 201716,3 k €↑
  10. 2016
    Annual accounts 201610,6 k €↓
  11. 2015
    Annual accounts 201511,9 k €↓
  12. 2014
    Annual accounts 201416,3 k €↑
  13. 2013
    Annual accounts 20133 k €↓
  14. 2012
    Annual accounts 20129 k €↑
  15. 2011
    Annual accounts 20111,9 k €↑
  16. 2010
    Annual accounts 2010-2,6 k €↓
  17. 2009
    Annual accounts 20096,9 k €↓
  18. 2008
    Annual accounts 200811,1 k €
  19. 28/10/1987
    IncorporationPublic limited company