HEMIGO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 11-05-2026 PDF all 28 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 14% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,468 | €34,971 | €49,725 | €175,765 | €58,057 |
| Depreciation and write-downs of the year | €96,204 | €75,944 | €74,476 | €88,749 | €100,114 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €1,110 awarded · €1,110 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €0 | €1,110 |
| 2023 | 1 | €1,110 | €0 |
Companies with the same profile, two years later
Historical observationIn July 2024, 14,766 companies had the same profile as HEMIGO has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HEMIGO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for HEMIGO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93,626 | €88,116 | €87,401 | €96,204 | €75,944 | €74,476 | €88,749 | €100,114 | ▲ 12.8% |
| Other operating charges640/8 | - | - | - | €46,284 | €47,641 | €55,400 | €58,615 | €76,681 | ▲ 30.8% |
| Gross operating margin9900 | €492,808 | €477,837 | €484,423 | €473,248 | €468,075 | €456,601 | €438,341 | €427,466 | ▼ 2.5% |
| Operating profit (loss)9901 | €362,630 | €352,790 | €354,560 | €330,760 | €344,490 | €326,725 | €290,977 | €250,670 | ▼ 13.9% |
| Financial income75/76B | - | - | - | €77,703 | €179,326 | €67,793 | €100,412 | €171,072 | ▲ 70.4% |
| Recurring financial income75 | €81,129 | €130,815 | €86,100 | €77,703 | €179,326 | €67,793 | €100,412 | €171,072 | ▲ 70.4% |
| Financial charges65/66B | - | - | - | €108,708 | €125,270 | €107,948 | €166,888 | €144,496 | ▼ 13.4% |
| Recurring financial charges65 | €227,236 | €94,500 | €116,794 | €108,708 | €125,270 | €107,948 | €166,888 | €144,496 | ▼ 13.4% |
| Profit (loss) for the period before taxes9903 | €216,522 | €389,105 | €323,866 | €299,755 | €398,546 | €286,570 | €224,501 | €277,246 | ▲ 23.5% |
| Income taxes67/77 | €99,262 | €141,466 | €112,137 | €101,652 | €110,389 | €83,057 | €66,540 | €79,265 | ▲ 19.1% |
| Profit (loss) for the period9904 | €117,260 | €247,639 | €211,729 | €198,102 | €288,157 | €203,513 | €157,961 | €197,981 | ▲ 25.3% |
| Profit (loss) for the period to be appropriated9905 | €117,260 | €247,639 | €211,729 | €198,102 | €288,157 | €203,513 | €157,961 | €197,981 | ▲ 25.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.1m | €4.3m | €4.5m | €4.7m | €5.0m | €5.1m | €5.4m | €5.5m | ▲ 3.5% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €1.7m | €1.6m | €1.6m | €1.5m | €1.4m | €1.4m | €1.5m | €1.5m | ▼ 2.8% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.7m | €1.6m | €1.6m | €1.5m | €1.4m | €1.4m | €1.5m | €1.5m | ▼ 2.8% |
| Land and buildings22 | - | - | - | €1.3m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 2.8% |
| Furniture and vehicles24 | - | - | - | - | - | €343 | €0.03m | €0.02m | ▼ 25.3% |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €2.4m | €2.7m | €2.9m | €3.2m | €3.5m | €3.7m | €3.9m | €4.1m | ▲ 5.9% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.08m | €0.06m | €0.03m | €0.04m | €0.03m | €0.07m | €0.1m | €0.1m | ▲ 34.2% |
| Trade receivables40 | - | - | - | €0.002m | €0 | €149 | €1 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.03m | €0.07m | €0.1m | €0.1m | ▲ 34.2% |
| Current investments50/53 | €2.1m | €2.2m | €2.2m | €2.6m | €2.7m | €2.7m | €2.8m | €2.9m | ▲ 3.1% |
| Cash at bank and in hand54/58 | €0.2m | €0.4m | €0.7m | €0.6m | €0.8m | €0.9m | €1.0m | €1.1m | ▲ 11.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.01m | €0.02m | €0.01m | €0.01m | ▼ 26.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.1m | €4.3m | €4.5m | €4.7m | €5.0m | €5.1m | €5.4m | €5.5m | ▲ 3.5% |
| Equity10/15 | €2.4m | €2.6m | €2.8m | €3.0m | €3.3m | €3.4m | €3.6m | €3.8m | ▲ 5.6% |
| Contributions10/11 | €0.7m | €0.7m | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Reserves13 | €0.3m | €0.5m | €0.7m | €0.9m | €1.2m | €1.3m | €1.5m | €1.7m | ▲ 13.6% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.2m | €0.2m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.8m | €1.1m | €1.3m | €1.5m | €1.7m | ▲ 13.6% |
| Profit (loss) carried forward14 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €1.7m | €1.7m | €1.7m | €1.7m | €1.6m | €1.8m | €1.8m | €1.8m | ▼ 0.6% |
| Amounts payable after more than one year17 | €1.6m | €1.6m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Financial debts170/4 | - | - | - | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Amounts payable within one year42/48 | €0.08m | €0.06m | €0.1m | €0.1m | €0.07m | €0.2m | €0.2m | €0.3m | ▲ 14.1% |
| Trade debts44 | €0.003m | €0.006m | €0.02m | €0.01m | €0.007m | €0.009m | €0.007m | €0.004m | ▼ 43.0% |
| Suppliers440/4 | - | - | - | €0.01m | €0.007m | €0.009m | €0.007m | €0.004m | ▼ 43.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.05m | €0.04m | €0.05m | €0.06m | ▲ 3.0% |
| Taxes450/3 | - | - | - | €0.04m | €0.05m | €0.04m | €0.05m | €0.06m | ▲ 3.0% |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.02m | €0.1m | €0.2m | €0.2m | ▲ 20.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.05m | €0.05m | €0.06m | €0.06m | €0.02m | ▼ 74.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117,260 | €247,639 | €211,729 | €198,102 | €288,157 | €203,513 | €157,961 | €197,981 | ▲ 25.3% |
| + Depreciation and write-downs630 | €93,626 | €88,116 | €87,401 | €96,204 | €75,944 | €74,476 | €88,749 | €100,114 | ▲ 12.8% |
| Operating cash flow (approximation) | €210,887 | €335,754 | €299,130 | €294,307 | €364,101 | €277,990 | €246,710 | €298,095 | ▲ 20.8% |
| Investment in fixed assets (approximation) | - | -€1,811 | -€39,788 | -€7,468 | -€34,971 | -€49,725 | -€175,765 | -€58,057 | ▲ 67.0% |
| Change in cash | - | €235,115 | €301,752 | -€145,412 | €207,965 | €162,202 | €54,029 | €110,157 | ▲ 104% |
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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-05-2026 | 2026-00107306 | |
| 31-12-2024 | micro format | 15-05-2025 | 2025-00095953 | |
| 31-12-2023 | micro format | 13-05-2024 | 2024-00085825 | |
| 31-12-2022 | micro format | 15-05-2023 | 2023-00086698 | |
| 31-12-2021 | abbreviated format | 09-05-2022 | 2022-20022795 | |
| 31-12-2020 | abbreviated format | 07-06-2021 | 2021-17800008 | |
| 31-12-2019 | abbreviated format | 11-05-2020 | 2020-11800542 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-34300132 | |
| 31-12-2017 | micro format | 29-05-2018 | 2018-14300548 | |
| 31-12-2016 | micro format | 22-05-2017 | 2017-12800051 |