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HAMDAN

Active
Private limited companyfounded 2000active for 26 yearsLes-Morries,Pes. 10, 5660 Couvin, BelgiumKBO/BCE: BE 0471.708.624

From the official registers: KBO 25 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

HAMDAN has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €454,424 and a net result of €103,765. Equity is growing by about 58% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Latest annual accounts filed

Annual accounts 2025

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Financial year ended
30-06-2025
Filed on
30-01-2026
Format
micro format
Reference
2026-00032354
Turnover
≈ €390,000
Estimated: probably between €260,000 and €590,000
Total assets
€553,788▲ 11.4%
2024 · €497,073
Net result
€103,765▼ 39.7%
2024 · €171,963
Working capital
€405,209▲ 12.4%
2024 · €360,653
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result falls in 2025; 2025 is 44% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€135,059 2025 Net result€103,765 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€6,133-€1,726€42,088▲ 24×€83,347▲ 98.0%€200,350▲ 140%€242,536▲ 21.1%€135,059▼ 44.3%
Net result-€9,424--€1,871▲ 80.1%€28,523€58,011▲ 103%€140,859▲ 143%€171,963▲ 22.1%€103,765▼ 39.7%
Equity€48,174-€46,303▼ 3.9%€74,826▲ 61.6%€132,837▲ 77.5%€249,696▲ 88.0%€405,659▲ 62.5%€454,424▲ 12.0%
Total assets€74,944-€68,437▼ 8.7%€101,726▲ 48.6%€226,339▲ 122%€349,491▲ 54.4%€497,073▲ 42.2%€553,788▲ 11.4%
Debt€26,770-€22,134▼ 17.3%€26,900▲ 21.5%€93,502▲ 248%€99,795▲ 6.7%€91,414▼ 8.4%€99,364▲ 8.7%
Working capital€43,115-€42,333▼ 1.8%€72,230▲ 70.6%€174,101▲ 141%€204,390▲ 17.4%€360,653▲ 76.5%€405,209▲ 12.4%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €553,788
Fixed assets €49,215 ▼ 17.1%
Current assets €504,573 ▲ 15.3%
Equity and liabilities €553,788
Equity €454,424 ▲ 12.0%
Debt €99,364 ▲ 8.7%
Debt's share of the balance-sheet total falls from 18.4% to 17.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€153,749▼
2024 · €261,721
Cash flow
€122,455▼
2024 · €191,149
Current ratio
5.08▼
2024 · 5.68
Debt to equity
0.22▼
2024 · 0.23
ROE
22.8%▼
2024 · 42.4%
ROA
18.7%▼
2024 · 34.6%
Interest coverage
89.66▼
2024 · over 100
Debt ≤ 1 year
€99,364▲
2024 · €77,045
Income taxes
€44,354▼
2024 · €76,714
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95.0% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 20,136 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Source: Annual accounts 2025 (PDF), filed with the National Bank on 30-01-2026.

Balance sheet Code20242025
Assets
Total assets20/58€497,073€553,788▲
Fixed assets21/28€59,376€49,215▼
Tangible fixed assets22/27€58,346€48,185▼
Plant, machinery and equipment23€2,210€1,598▼
Furniture and vehicles24€49,799€39,028▼
Other tangible fixed assets26€6,337€7,558▲
Financial fixed assets28€1,030€1,030=
Current assets29/58€437,697€504,573▲
Amounts receivable after more than one year29€157,656€160,981▲
Other amounts receivable291€157,656€160,981▲
Amounts receivable within one year40/41€146,225€232,217▲
Trade receivables40€410€429▲
Other amounts receivable41€145,815€231,788▲
Cash at bank and in hand54/58€128,542€107,717▼
Deferred charges and accrued income490/1€5,274€3,657▼
Equity and liabilities
Total equity and liabilities10/49€497,073€553,788▲
Equity10/15€405,659€454,424▲
Contributions10/11€12,400€12,400=
Reserves13€393,259€442,024▲
Distributable reserves133€393,259€442,024▲
Amounts payable17/49€91,414€99,364▲
Amounts payable after more than one year17€14,370-
Financial debts170/4€14,370-
Amounts payable within one year42/48€77,045€99,364▲
Current portion of amounts payable after more than one year42€31,685€22,703▼
Trade debts44€2,645€2,110▼
Suppliers440/4€2,645€2,110▼
Taxes, remuneration and social security45€26,714€23,126▼
Taxes450/3€26,714€23,126▼
Other amounts payable47/48€16,000€51,425▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,186€18,690▼
Other operating charges640/8€127€31▼
Gross operating margin9900€261,848€153,780▼
Operating profit (loss)9901€242,536€135,059▼
Financial income75/76B€7,454€14,775▲
Recurring financial income75€7,454€14,775▲
Financial charges65/66B€1,312€1,715▲
Recurring financial charges65€1,312€1,715▲
Profit (loss) for the period before taxes9903€248,677€148,119▼
Income taxes67/77€76,714€44,354▼
Profit (loss) for the period9904€171,963€103,765▼
Profit (loss) for the period to be appropriated9905€171,963€103,765▼
Appropriation of the result
Profit (loss) to be appropriated9906€171,963€103,765▼
Transfer from equity791/2€16,000€55,000▲
Transfer to equity691/2€171,963€103,765▼
To other reserves6921€171,963€103,765▼
Profit to be distributed694/7€16,000€55,000▲
Return on contributions (dividend)694€16,000€55,000▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line2019202020212022202320242025Change
Non-recurring operating income76A----€6,055---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,599€1,722€1,722€2,127€15,120€19,186€18,690▼ 2.6%
Other operating charges640/8---€122€121€127€31▼ 75.8%
Gross operating margin9900€1,164€6,322€43,932€85,596€215,591€261,848€153,780▼ 41.3%
Operating profit (loss)9901-€6,133€1,726€42,088€83,347€200,350€242,536€135,059▼ 44.3%
Financial income75/76B---€2,366€4,270€7,454€14,775▲ 98.2%
Recurring financial income75€1€188€1,724€2,366€4,270€7,454€14,775▲ 98.2%
Financial charges65/66B---€1,744€1,456€1,312€1,715▲ 30.7%
Recurring financial charges65€2,042€2,181€2,483€1,744€1,456€1,312€1,715▲ 30.7%
Profit (loss) for the period before taxes9903-€8,174-€267€41,328€83,969€203,163€248,677€148,119▼ 40.4%
Income taxes67/77€1,250€1,604€12,805€25,958€62,305€76,714€44,354▼ 42.2%
Profit (loss) for the period9904-€9,424-€1,871€28,523€58,011€140,859€171,963€103,765▼ 39.7%
Profit (loss) for the period to be appropriated9905-€9,424-€1,871€28,523€58,011€140,859€171,963€103,765▼ 39.7%
Line2019202020212022202320242025Change
Assets
Total assets20/58€74,944€68,437€101,726€226,339€349,491€497,073€553,788▲ 11.4%
Fixed assets21/28€5,059€4,318€2,596€6,902€76,885€59,376€49,215▼ 17.1%
Tangible fixed assets22/27€5,059€4,318€2,596€5,872€75,855€58,346€48,185▼ 17.4%
Plant, machinery and equipment23----€2,821€2,210€1,598▼ 27.7%
Furniture and vehicles24---€4,286€65,398€49,799€39,028▼ 21.6%
Other tangible fixed assets26---€1,587€7,635€6,337€7,558▲ 19.3%
Financial fixed assets28---€1,030€1,030€1,030€1,030=
Current assets29/58€69,885€64,119€99,130€219,437€272,606€437,697€504,573▲ 15.3%
Amounts receivable after more than one year29---€79,395€154,320€157,656€160,981▲ 2.1%
Other amounts receivable291---€79,395€154,320€157,656€160,981▲ 2.1%
Amounts receivable within one year40/41€18,399€46,484-€41,651€10,288€146,225€232,217▲ 58.8%
Trade receivables40---€3,369€333€410€429▲ 4.6%
Other amounts receivable41---€38,282€9,955€145,815€231,788▲ 59.0%
Cash at bank and in hand54/58€33,709€0€0€78,730€88,043€128,542€107,717▼ 16.2%
Deferred charges and accrued income490/1---€19,661€19,956€5,274€3,657▼ 30.7%
Equity and liabilities
Total equity and liabilities10/49€74,944€68,437€101,726€226,339€349,491€497,073€553,788▲ 11.4%
Equity10/15€48,174€46,303€74,826€132,837€249,696€405,659€454,424▲ 12.0%
Contributions10/11€12,400€12,400-€12,400€12,400€12,400€12,400=
Reserves13€41,860€41,860€62,426€120,437€237,296€393,259€442,024▲ 12.4%
Non-distributable reserves130/1---€1,860€1,860---
Reserves not available under the articles1311---€1,860€1,860---
Distributable reserves133---€118,577€235,436€393,259€442,024▲ 12.4%
Profit (loss) carried forward14-€6,086-€7,957------
Amounts payable17/49€26,770€22,134€26,900€93,502€99,795€91,414€99,364▲ 8.7%
Amounts payable after more than one year17---€48,167€31,472€14,370--
Financial debts170/4---€48,167€31,472€14,370--
Amounts payable within one year42/48€26,770€21,786€26,900€45,335€68,216€77,045€99,364▲ 29.0%
Current portion of amounts payable after more than one year42---€33,677€26,151€31,685€22,703▼ 28.3%
Trade debts44€12,170€11,155€8,993€4,664€3,261€2,645€2,110▼ 20.2%
Suppliers440/4---€4,664€3,261€2,645€2,110▼ 20.2%
Taxes, remuneration and social security45---€6,995€38,805€26,714€23,126▼ 13.4%
Taxes450/3---€6,995€38,805€26,714€23,126▼ 13.4%
Other amounts payable47/48-----€16,000€51,425▲ 221%
Accrued charges and deferred income492/3----€107---
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€9,424-€1,871€28,523€58,011€140,859€171,963€103,765▼ 39.7%
+ Depreciation and write-downs630€3,599€1,722€1,722€2,127€15,120€19,186€18,690▼ 2.6%
Operating cash flow (approximation)-€5,825-€149€30,245€60,137€155,979€191,149€122,455▼ 35.9%
Investment in fixed assets (approximation)--€981€0-€6,433-€85,102-€1,677-€8,529▼ 409%
Change in cash--€33,709€0€78,730€9,313€40,499-€20,825-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 25 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 30-01-2026 2026-00032354 PDF
30-06-2024 micro format 29-01-2025 2025-00014368 PDF
30-06-2023 micro format 31-01-2024 2024-00024346 PDF
30-06-2022 micro format 31-01-2023 2023-00022105 PDF
30-06-2021 micro format 28-02-2022 2022-06600588 PDF
30-06-2020 micro format 25-02-2021 2021-06100376 PDF
30-06-2019 micro format 30-01-2020 2020-04100490 PDF
30-06-2018 micro format 29-01-2019 2019-03600445 PDF
30-06-2017 micro format 24-01-2018 2018-02100364 PDF
30-06-2016 full format 31-12-2016 2016-72300254 PDF

Show all 25 filings

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