HALMES Constructions
ActiveHALMES Constructions has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €726k and a net result of €162k. Equity is growing by ~32% per year across the filed fiscal years. Its solvency ranks better than 38% of 1025 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+5
Solvency50▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.88 in 2024), and 63.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.3%
Return on assets
8.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
28 d late
2023
29 d late
2022
45 d late
2021
106 d late
2020
122 d late
2019
108 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€162k▲ 51.9%
2024 · €107k
2018: €41k
2019: €57k
2020: €38k
2021: €65k
2022: €104k
2023: €102k
2024: €107k
2018 → 2025
Working capital
€-188k▼ 162%
2024 · €-72k
2018: €45k
2019: €-36k
2020: €-131k
2021: €-53k
2022: €-123k
2023: €-160k
2024: €-72k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€252k-€356k▲ 41.1%€457k▲ 28.5%€564k▲ 23.3%€726k▲ 28.7%
Operating result€81k-€125k▲ 54.7%€135k▲ 8.1%€183k▲ 35.8%€266k▲ 45.0%
Net result€65k-€104k▲ 60.1%€102k▼ 2.1%€107k▲ 5.0%€162k▲ 51.9%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 45% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.00M
Fixed assets
€1.59M▲ 25.7%
Current assets
€414k▼ 22.1%
Equity and liabilities €2.00M
Equity
€726k▲ 28.7%
Debt
€1.28M▲ 3.6%
The debt ratio falls from 68.6% to 63.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€422k▲
2024 · €323k
Cash flow
€319k▲
2024 · €247k
Solvency
36.3%▲
2024 · 31.4%
Current ratio
0.69▼
2024 · 0.88
Quick ratio
0.36▼
2024 · 0.62
Debt / equity
1.76▼
2024 · 2.18
ROE
22.3%▲
2024 · 18.9%
ROA
8.1%▲
2024 · 5.9%
Interest coverage
6.53▲
2024 · 6.38
Debt
€1.28M▲
2024 · €1.23M
Debt ≤ 1 year
€602k▼
2024 · €604k
Debt > 1 year
€671k▲
2024 · €622k
Income taxes
€47k▲
2024 · €33k
Staff costs
€176k▼
2024 · €206k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.79M€2.00M▲
Fixed assets21/28€1.26M€1.59M▲
Tangible fixed assets22/27€1.23M€1.55M▲
Land and buildings22€997k€1.29M▲
Plant, machinery and equipment23€125k€187k▲
Furniture and vehicles24€105k€71k▼
Financial fixed assets28€35k€35k=
Current assets29/58€532k€414k▼
Stocks and contracts in progress3€155k€195k▲
Stocks30/36€120k€120k=
Contracts in progress37€35k€75k▲
Amounts receivable within one year40/41€356k€116k▼
Trade receivables40€240k€52k▼
Other amounts receivable41€115k€64k▼
Cash at bank and in hand54/58€10k€90k▲
Deferred charges and accrued income490/1€12k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.79M€2.00M▲
Equity10/15€564k€726k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€550k€712k▲
Amounts payable17/49€1.23M€1.28M▲
Amounts payable after more than one year17€622k€671k▲
Financial debts170/4€622k€671k▲
Amounts payable within one year42/48€604k€602k▼
Current portion of amounts payable after more than one year42€110k€120k▲
Financial debts43€165k€165k=
Credit institutions430/8€165k€165k=
Trade debts44€205k€141k▼
Suppliers440/4€205k€141k▼
Taxes, remuneration and social security45€40k€110k▲
Taxes450/3€19k€81k▲
Remuneration and social security454/9€21k€29k▲
Other amounts payable47/48€84k€66k▼
Accrued charges and deferred income492/3€5k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€206k€176k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€140k€157k▲
Other operating charges640/8€6k€7k▲
Non-recurring operating charges66A€149€301▲
Gross operating margin9900€535k€606k▲
Operating profit (loss)9901€183k€266k▲
Financial income75/76B€7k€8k▲
Recurring financial income75€7k€8k▲
Financial charges65/66B€51k€65k▲
Recurring financial charges65€51k€65k▲
Profit (loss) for the period before taxes9903€140k€209k▲
Income taxes67/77€33k€47k▲
Profit (loss) for the period9904€107k€162k▲
Profit (loss) for the period to be appropriated9905€107k€162k▲
Appropriation of the result
Profit (loss) to be appropriated9906€550k€712k▲
Profit (loss) brought forward from the previous period14P€443k€550k▲
Social balance
Average headcount (FTE)90874.13.5▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
31-12
Financial
Highest result since 2018net €162k ▲51.9%
Operating result €266k, net result €162k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Equity above €500kEq €564k ▲23.3%
7 profitable years in a row build equity to €564k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 45 days late
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 106 days late
2021
31-12
Financial
Equity above €200kEq €252k ▲34.6%
4 profitable years in a row build equity to €252k.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 122 days late
2020
31-12
Financial
Weakest financial yearnet €38k ▼32.4%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €187k ▲25.7%
3 profitable years in a row build equity to €187k.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 108 days late
2019
31-12
Financial
Equity above €100kEq €149k ▲61.5%
2 profitable years in a row build equity to €149k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 48 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Büllingen · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mürringen,Nach Ledescht 114760 Büllingen1 establishment unit
HALMES Constructions
since 20152.268.019.653
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Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,446 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-09-2015
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25220Manufacture of fabricated metal products, except machinery and equipment
25510Coating of metals
25530Machining of metals
25610Manufacture of fabricated metal products, except machinery and equipment
33120Repair and maintenance of machinery
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filings
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.