HAMKO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 24-10-2025 PDF all 14 filings
Turnover
≈ €1.0m
Estimated: probably between €890,000 and €1.3m
Total assets
€3.5m▲ 5.1%
2024 · €3.3m
Net result
€435,728▼ 22.9%
2024 · €565,069
Working capital
€981,821▲ 8.2%
2024 · €907,785
In the rankings
#1 company by equity in Ronse, Construction sector#2 company by total assets in Ronse, Construction sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€456,699
▼ 33.4%
2025
20192025
Net result
€435,728
▼ 22.9%
2025
highest quarter of the sector
20192025
Equity
€3.2m
▲ 8.0%
2025
highest quarter of the sector
20192025
Total assets
€3.5m
▲ 5.1%
2025
highest quarter of the sector
20192025
Debt
€335,399
▼ 16.2%
2025
20192025
Working capital
€981,821
▲ 8.2%
2025
highest quarter of the sector
20192025
Solvency
90.4%
▲ 2.4pp
2025
highest quarter of the sector
20192025
Current ratio
5.91
▼ 1.14
2025
highest quarter of the sector
20192025
Return on assets (ROA)
12.4%
▼ 4.5pp
2025
middle half of the sector
20192025
Staff (FTE)
0
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.4m-€0.6m▲ 56.2%€0.9m▲ 50.2%€1.1m▲ 21.1%€1.1m▲ 1.0%€0.7m▼ 35.9%€0.5m▼ 33.4%
Net result€0.3m-€0.4mabove the sector's middle half▲ 70.3%€0.7mabove the sector's middle half▲ 67.4%€0.9mabove the sector's middle half▲ 21.6%€1.2mabove the sector's middle half▲ 40.7%€0.6mabove the sector's middle half▼ 54.6%€0.4mabove the sector's middle half▼ 22.9%
Equity€2.1m-€2.5mabove the sector's middle half▲ 15.6%€2.8mabove the sector's middle half▲ 11.2%€2.3mabove the sector's middle half▼ 17.2%€2.8mabove the sector's middle half▲ 21.2%€2.9mabove the sector's middle half▲ 6.0%€3.2mabove the sector's middle half▲ 8.0%
Total assets€2.7m-€2.9mabove the sector's middle half▲ 8.5%€3.3mabove the sector's middle half▲ 11.9%€3.8mabove the sector's middle half▲ 16.3%€3.7mabove the sector's middle half▼ 3.8%€3.3mabove the sector's middle half▼ 9.3%€3.5mabove the sector's middle half▲ 5.1%
Debt€0.6m-€0.5m▼ 18.8%€0.5m▲ 15.6%€1.5m▲ 191%€0.9m▼ 41.1%€0.4m▼ 55.9%€0.3m▼ 16.2%
Working capital€0.06m-€0.2mwithin the sector's middle half▲ 223%€0.3mwithin the sector's middle half▲ 59.7%-€0.2mbelow the sector's middle half€0.6mabove the sector's middle half€0.9mabove the sector's middle half▲ 50.3%€1.0mabove the sector's middle half▲ 8.2%
Solvency79.2%-84.4%above the sector's middle half▲ 5.2pp83.9%above the sector's middle half▼ 0.5pp59.7%within the sector's middle half▼ 24.2pp75.3%above the sector's middle half▲ 15.6pp88.0%above the sector's middle half▲ 12.7pp90.4%above the sector's middle half▲ 2.4pp
Current ratio1.41-1.86within the sector's middle half▲ 0.451.71within the sector's middle half▼ 0.150.89below the sector's middle half▼ 0.821.73within the sector's middle half▲ 0.837.05above the sector's middle half▲ 5.335.91above the sector's middle half▼ 1.14
Return on assets (ROA)9.4%-14.8%above the sector's middle half▲ 5.4pp22.1%above the sector's middle half▲ 7.3pp23.1%above the sector's middle half▲ 1.0pp33.8%above the sector's middle half▲ 10.7pp16.9%above the sector's middle half▼ 16.9pp12.4%within the sector's middle half▼ 4.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 33% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated 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 €3.5m
Fixed assets
€2.3m ▲ 2.1%
Current assets
€1.2m ▲ 11.7%
Equity and liabilities €3.5m
Equity
€3.2m ▲ 8.0%
Debt
€335,399 ▼ 16.2%
Debt's share of the balance-sheet total falls from 12.0% to 9.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€456,699▼
2024 · €685,673
Cash flow
€435,728▼
2024 · €565,148
Debt to equity
0.11▼
2024 · 0.14
ROE
13.7%▼
2024 · 19.2%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€200,000▲
2024 · €150,000
Debt > 1 year
€135,399▼
2024 · €250,012
Income taxes
€68,493▼
2024 · €138,819
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €35,500 | - |
| Financial fixed assets | €3,039 | - | - | €82,500 |
| Depreciation and write-downs of the year | - | - | €79 | €0 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | €79 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €495 | €0.001m | €0.001m | €0.001m | ▲ 1.7% |
| Gross operating margin9900 | €0.4m | €0.6m | €0.9m | €1.1m | €1.1m | €0.7m | €0.5m | ▼ 33.4% |
| Operating profit (loss)9901 | €0.4m | €0.6m | €0.9m | €1.1m | €1.1m | €0.7m | €0.5m | ▼ 33.4% |
| Financial income75/76B | - | - | - | €0.002m | €0.4m | €0.02m | €0.05m | ▲ 162% |
| Recurring financial income75 | €0 | €0.001m | €0.002m | €0.002m | €0.002m | €0.02m | €0.05m | ▲ 162% |
| Non-recurring financial income76B | - | - | - | - | €0.4m | €0 | €79 | - |
| Financial charges65/66B | - | - | - | €0.003m | €0.001m | €24 | €459 | ▲ 19× |
| Recurring financial charges65 | €0.01m | €0.009m | €0.007m | €0.003m | €0.001m | €24 | €459 | ▲ 19× |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.6m | €0.9m | €1.1m | €1.4m | €0.7m | €0.5m | ▼ 28.4% |
| Income taxes67/77 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.07m | ▼ 50.7% |
| Profit (loss) for the period9904 | €0.3m | €0.4m | €0.7m | €0.9m | €1.2m | €0.6m | €0.4m | ▼ 22.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | €0.08m | €0.08m | €0.2m | ▲ 196% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.2m | €0.2m | €0 | €0.1m | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.3m | €0.6m | €0.7m | €1.2m | €0.6m | €0.6m | ▼ 11.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.7m | €2.9m | €3.3m | €3.8m | €3.7m | €3.3m | €3.5m | ▲ 5.1% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €2.5m | €2.5m | €2.5m | €2.5m | €2.2m | €2.3m | €2.3m | ▲ 2.1% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | €0.04m | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | - | - | €0.04m | €0 | ▼ 100% |
| Financial fixed assets28 | €2.5m | €2.5m | €2.5m | €2.5m | €2.2m | €2.2m | €2.3m | ▲ 3.7% |
| Current assets29/58 | €0.2m | €0.5m | €0.8m | €1.3m | €1.4m | €1.1m | €1.2m | ▲ 11.7% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.04m | €0.01m | €0 | €0.07m | €0.1m | €0.02m | €0.06m | ▲ 202% |
| Trade receivables40 | - | - | - | €0.02m | €0.02m | €0 | - | - |
| Other amounts receivable41 | - | - | - | €0.05m | €0.08m | €0.02m | €0.06m | ▲ 202% |
| Current investments50/53 | €0 | - | - | - | €1.0m | €1.0m | €1.0m | = |
| Cash at bank and in hand54/58 | €0.2m | €0.4m | €0.8m | €1.3m | €0.3m | €0.04m | €0.1m | ▲ 220% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0 | €11 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.7m | €2.9m | €3.3m | €3.8m | €3.7m | €3.3m | €3.5m | ▲ 5.1% |
| Equity10/15 | €2.1m | €2.5m | €2.8m | €2.3m | €2.8m | €2.9m | €3.2m | ▲ 8.0% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €2.0m | €2.3m | €2.6m | €2.1m | €2.6m | €2.8m | €3.0m | ▲ 8.5% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.4m | €0.5m | €0.5m | €0.3m | ▼ 29.9% |
| Distributable reserves133 | - | - | - | €1.7m | €2.1m | €2.3m | €2.7m | ▲ 16.0% |
| Profit (loss) carried forward14 | €0 | - | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.6m | €0.5m | €0.5m | €1.5m | €0.9m | €0.4m | €0.3m | ▼ 16.2% |
| Amounts payable after more than one year17 | €0.4m | €0.2m | €0.06m | €0.05m | €0.08m | €0.3m | €0.1m | ▼ 45.8% |
| Financial debts170/4 | - | - | - | €0 | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €0.05m | €0.08m | €0.3m | €0.1m | ▼ 45.8% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.5m | €1.5m | €0.8m | €0.2m | €0.2m | ▲ 33.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0 | - | - | - |
| Trade debts44 | €0 | €0.01m | €0 | €0.02m | €0.02m | €0 | - | - |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | €0.01m | €0 | - | - |
| Taxes450/3 | - | - | - | €0.008m | €0.01m | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €1.4m | €0.8m | €0.2m | €0.2m | ▲ 33.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.4m | €0.7m | €0.9m | €1.2m | €0.6m | €0.4m | ▼ 22.9% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | €79 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €0.3m | €0.4m | €0.7m | €0.9m | €1.2m | €0.6m | €0.4m | ▼ 22.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0.003m | €0.2m | -€0.04m | -€0.05m | ▼ 32.6% |
| Change in cash | - | €0.3m | €0.4m | €0.5m | -€0.9m | -€0.3m | €0.09m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | abbreviated format | 24-10-2025 | 2025-00548927 | |
| 31-03-2024 | abbreviated format | 11-11-2024 | 2024-00532398 | |
| 31-03-2023 | abbreviated format | 30-10-2023 | 2023-00496291 | |
| 31-03-2022 | abbreviated format | 29-06-2022 | 2022-20105820 | |
| 31-03-2021 | abbreviated format | 28-09-2021 | 2021-68600004 | |
| 31-03-2020 | abbreviated format | 23-10-2020 | 2020-62500573 | |
| 31-03-2019 | abbreviated format | 22-10-2019 | 2019-70800437 | |
| 31-03-2018 | abbreviated format | 23-10-2018 | 2018-69700296 | |
| 31-03-2017 | abbreviated format | 31-10-2017 | 2017-68200504 | |
| 31-03-2016 | abbreviated format | 28-10-2016 | 2016-66400268 |