ACTIVE

HINICIO

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Financial year 2024 · closed on 31/12/2024
Net result
-20,6 k €
+92.3% YoY
Gross margin
1,6 M €
+112.7% YoY
Equity
2,8 M €
+224.0% YoY
Workforce
8,3 ETP
+15.3% YoY

What does HINICIO do?

HINICIO is a Public limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Ixelles. It employs on average 8,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0879.847.903
Incorporation
09/03/2006
Legal form
Public limited company
Registered office
Avenue Louise 240
1050 Ixelles · BruxellesSee on map
Contributed capital
2 150 350,00 €
Latest accounts
31/12/2024
Average workforce
8,3 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy74142Specialised design activities74203Photographic activities+6
Joint committees (2)
  • 200
  • 218
Contacts
2 public details availableLog in to view
Signals
Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20242023202220212018201720162015201420132012201120102009200820072006
Income statement
Gross margin1,6 M €771,8 k €1,3 M €719 k €544,5 k €321,3 k €246,8 k €199,5 k €62,7 k €212,5 k €212,6 k €227,2 k €113,9 k €106,9 k €53,7 k €32,2 k €11,3 k €
EBITDA108,5 k €-339,3 k €667,7 k €415,7 k €321 k €66,2 k €71,9 k €34,6 k €-139,1 k €65,8 k €16,5 k €12,1 k €-6,6 k €18,9 k €-7,1 k €19,3 k €6,7 k €
Operating result100 k €-345,6 k €658,1 k €410,6 k €315,9 k €62 k €67 k €30,4 k €-100,5 k €19,5 k €13,1 k €8,4 k €-11,1 k €14,7 k €-11,5 k €16,4 k €4,4 k €
Net result-20,6 k €-267,4 k €451,5 k €300,5 k €205,8 k €14,5 k €65,4 k €22,6 k €-103,9 k €11,4 k €4,1 k €3,6 k €-10,5 k €12,1 k €-12,1 k €14,4 k €2,4 k €
Balance sheet
Equity2,8 M €870,6 k €1,1 M €686,4 k €395,1 k €189,3 k €174,7 k €97 k €74,3 k €114,2 k €35,8 k €31,7 k €28 k €38,6 k €30,9 k €13 k €8,6 k €
Total assets4 M €2,6 M €2,3 M €1,8 M €1,1 M €736,9 k €453,3 k €267,9 k €363,6 k €217 k €93,6 k €178,5 k €65,9 k €58,2 k €40,2 k €41,3 k €36,5 k €
Cash373,5 k €324,8 k €671,4 k €1,1 M €309,7 k €56,7 k €103,8 k €123,4 k €216 k €62,5 k €35,1 k €23,6 k €6,3 k €43,2 k €1,8 k €759,9 €23,2 k €
Debts847,1 k €1,2 M €798,1 k €777,6 k €452,2 k €418,1 k €237,6 k €104,8 k €84,2 k €102,8 k €57,9 k €146,8 k €37,9 k €19,7 k €9,3 k €28,3 k €27,9 k €
Other
Workforce8,3 ETP7,2 ETP6,3 ETP3,7 ETP1,1 ETP2,4 ETP1,4 ETP1,0 ETP3,3 ETP2,5 ETP3,7 ETP4,4 ETP2,3 ETP2,0 ETP2,0 ETP1,0 ETP0,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 27 ended

Active mandates

Alban GUILLOTEAU

Director · since 12 décembre 2022 · until 12 décembre 2028

Active
Frédéric GRARD

Director · since 12 décembre 2022 · until 12 décembre 2028

Active
IHAGI MANAGEMENT

Managing director · since 12 décembre 2022 · until 12 décembre 2028 · 0760.889.180

Represented by Patrick MAIO

Active

Ended mandates

IHAGI MANAGEMENT

Director · since 12 décembre 2022 · until 12 décembre 2028 · 0760.889.180

Represented by Patrick MAIO

Ended
IHAGI MANAGEMENT

Director · since 01 janvier 2021 · until 01 janvier 2027 · 0760.889.180

Represented by Patrick MAIO

Ended
IHAGI MANAGEMENT

Managing director · since 01 janvier 2021 · until 01 janvier 2027 · 0760.889.180

Represented by Patrick MAIO

Ended
Carl FRANSMAN

Director · since 04 septembre 2020 · until 12 décembre 2022

Ended
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Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/10/202511/07/202412/07/202321/06/202214/07/202125/09/2020
General meeting23/09/202528/06/202428/06/202331/05/202222/06/202104/09/2020
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
Abridged model31/12/202423/09/202503/10/2025FrenchPDF
Abridged model31/12/202328/06/202411/07/2024FrenchPDF
Abridged model31/12/202228/06/202312/07/2023FrenchPDF
Abridged model31/12/202131/05/202221/06/2022FrenchPDF
Abridged model31/12/202022/06/202114/07/2021FrenchPDF
Abridged model31/12/201904/09/202025/09/2020FrenchPDF
Abridged model31/12/201817/06/201903/07/2019FrenchPDF
Abridged model31/12/201730/06/201810/07/2018FrenchPDF
Abridged model31/12/201623/03/201719/04/2017FrenchPDF
Abridged model31/12/201525/05/201627/06/2016FrenchPDF
Abridged model31/12/201401/06/201526/06/2015FrenchPDF
Abridged model31/12/201327/03/201425/04/2014FrenchPDF
Abridged model31/12/201201/06/201306/06/2013FrenchPDF
Abridged model31/12/201101/06/201229/06/2012FrenchPDF
Abridged model31/12/201001/06/201131/08/2011FrenchPDF
Abridged model31/12/200901/06/201030/07/2010FrenchPDF
Abridged model31/12/200802/06/200928/07/2009FrenchPDF
Abridged model31/12/200702/06/200818/07/2008FrenchPDF
Abridged model31/12/200601/06/200729/06/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2024 · 3 active · 27 ended

Active mandates

Alban GUILLOTEAU

Director · since 12 décembre 2022 · until 12 décembre 2028

Active
Frédéric GRARD

Director · since 12 décembre 2022 · until 12 décembre 2028

Active
IHAGI MANAGEMENT

Managing director · since 12 décembre 2022 · until 12 décembre 2028 · 0760.889.180

Represented by Patrick MAIO

Active

Ended mandates

IHAGI MANAGEMENT

Director · since 12 décembre 2022 · until 12 décembre 2028 · 0760.889.180

Represented by Patrick MAIO

Ended
IHAGI MANAGEMENT

Director · since 01 janvier 2021 · until 01 janvier 2027 · 0760.889.180

Represented by Patrick MAIO

Ended
IHAGI MANAGEMENT

Managing director · since 01 janvier 2021 · until 01 janvier 2027 · 0760.889.180

Represented by Patrick MAIO

Ended
Carl FRANSMAN

Director · since 04 septembre 2020 · until 12 décembre 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring16/04/2026
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Registered office04/12/2025
    SIEGE SOCIAL
    PDF
  • Restructuring17/11/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates01/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/05/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares28/03/2025
    CAPITAL, ACTIONS
    PDF
  • Mandates09/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other29/07/2024
    DIVERS
    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. 2024
    Annual accounts 2024-20,6 k €↑
  2. 2023
    Annual accounts 2023-267,4 k €↓
  3. 2022
    Annual accounts 2022451,5 k €↑
  4. 2021
    Annual accounts 2021300,5 k €↑
  5. 2018
    Annual accounts 2018205,8 k €↑
  6. 2017
    Annual accounts 201714,5 k €↓
  7. 2016
    Annual accounts 201665,4 k €↑
  8. 2015
    Annual accounts 201522,6 k €↑
  9. 2014
    Annual accounts 2014-103,9 k €↓
  10. 2013
    Annual accounts 201311,4 k €↑
  11. 2012
    Annual accounts 20124,1 k €↑
  12. 2011
    Annual accounts 20113,6 k €↑
  13. 2010
    Annual accounts 2010-10,5 k €↓
  14. 2009
    Annual accounts 200912,1 k €↑
  15. 2008
    Annual accounts 2008-12,1 k €↓
  16. 2007
    Annual accounts 200714,4 k €↑
  17. 2006
    Annual accounts 20062,4 k €
  18. 09/03/2006
    IncorporationPublic limited company