Hemi Construct
ActiveSummary
Hemi Construct has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-5k) and a net result of €-20k. Equity is shrinking by ~43.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency18▼-23
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 10.71 against 4.56 in 2023; short-term debt: 4.5% and cash: 40.5% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-7%
Return on assets
-28.6%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-5k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-05-2025, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
72 d early
2023
1 d early
2022
61 d early
2021
53 d early
2020
30 d early
2019
50 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-5k
2023 · €15k
2018: €128k
2019: €117k
2020: €121k
2021: €55k
2022: €43k
2023: €15k
2018 → 2024
Total assets
€68k▼ 27.8%
2023 · €95k
2018: €148k
2019: €145k
2020: €133k
2021: €60k
2022: €127k
2023: €95k
2018 → 2024
Net result
€-20k▲ 30.8%
2023 · €-28k
2018: €54k
2019: €53k
2020: €4k
2021: €4k
2022: €-12k
2023: €-28k
2018 → 2024
Working capital
€30k▼ 14.5%
2023 · €35k
2018: €118k
2019: €108k
2020: €115k
2021: €51k
2022: €57k
2023: €35k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€121k-€55k▼ 54.7%€43k▼ 21.6%€15k▼ 65.6%€-5k
Operating result€4k-€7k▲ 60.9%€-12k€-28k▼ 141%€-19k▲ 30.8%
Net result€4k-€4k▲ 27.2%€-12k€-28k▼ 138%€-20k▲ 30.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2024 against €28k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €68k
Fixed assets
€35k ▼ 29.0%
Current assets
€33k ▼ 26.4%
Key figures and ratios
EBITDA
€-4k▲
2023 · €-11k
Cash flow
€-4k▲
2023 · €-12k
Solvency
-7.0%▼
2023 · 15.6%
Current ratio
10.71▲
2023 · 4.56
Debt to equity
-15.38▼
2023 · 5.40
ROA
-28.6%▲
2023 · -29.8%
Interest coverage
-28.15▲
2023 · -111.56
Debt
€73k▼
2023 · €80k
Debt ≤ 1 year
€3k▼
2023 · €10k
Debt > 1 year
€70k=
2023 · €70k
Income taxes
€202▼
2023 · €230
Staff costs
€0▼
2023 · €388
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€95k€68k▼
Fixed assets21/28€50k€35k▼
Tangible fixed assets22/27€50k€35k▼
Land and buildings22€517€388▼
Furniture and vehicles24€49k€35k▼
Current assets29/58€45k€33k▼
Amounts receivable within one year40/41€6k€5k▼
Trade receivables40€5k€2k▼
Other amounts receivable41€1k€3k▲
Cash at bank and in hand54/58€38k€28k▼
Equity and liabilities
Total equity and liabilities10/49€95k€68k▼
Equity10/15€15k€-5k▼
Contributions10/11€19k€19k=
Reserves13€24k€24k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€24k€24k=
Profit (loss) carried forward14€-28k€-48k▼
Amounts payable17/49€80k€73k▼
Amounts payable after more than one year17€70k€70k=
Financial debts170/4€70k€70k=
Amounts payable within one year42/48€10k€3k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€466€315▼
Taxes450/3€466€315▼
Remuneration and social security454/9€0-
Other amounts payable47/48€6k€105▼
Income statement
Code20232024
Remuneration, social security and pensions62€388€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€16k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€3k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-9k€1k▲
Operating profit (loss)9901€-28k€-19k▲
Financial income75/76B€87€170▲
Recurring financial income75€87€170▲
Financial charges65/66B€102€136▲
Recurring financial charges65€102€136▲
Profit (loss) for the period before taxes9903€-28k€-19k▲
Income taxes67/77€230€202▼
Profit (loss) for the period9904€-28k€-20k▲
Profit (loss) for the period to be appropriated9905€-28k€-20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-48k▼
Profit (loss) brought forward from the previous period14P-€-28k
Transfer from equity791/2€0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 10.71
Current ratio from 4.56 to 10.71; short-term debt falls from €10k to €3k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 10.32
Current ratio from 4.96 to 10.32; short-term debt falls from €27k to €12k.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Turnhout · 1 establishment unit since 2014
Ground area
2,250 m²
Building footprint
212 m²
Volume, LiDAR
1,105 m³
Parcel 13040B0524/00K000, Flanders · tallest building 16.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HEMI CONSTRUCT
since 20142.235.921.957
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13040B0524/00K000 | Flanders | 2,250 m² | 1 · 212 m² | 16.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Immo Soltech
BE 0790.936.317
Hasselt · Eq €14,766
NICO WARNEZ
BE 0664.766.734
Wevelgem · Eq €14,791
VVS Woningbouw
BE 1004.521.904
Affligem · Eq €14,754
A-Concept Paper and Gifts
BE 0524.782.866
Kruisem · Eq €14,752
IZBA CONSULTING
BE 1026.938.208
Tournai · Eq €14,799
Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,635 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.