HERMIFLAM
ActiveSummary
HERMIFLAM has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.52M and a net result of €172k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 72% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 3.72 against 8.32 in 2023; short-term debt: 20.5% and cash: 4.2% of total assets), and 22.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
77.1%
Return on assets
8.7%
Age of the figures
21 mo
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 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
30 d early
2022
19 d early
2021
27 d early
2020
32 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.52M=
2023 · €1.52M
2018: €866klowest in 7 years
2019: €921k▲ +6.3% vs 2018
2020: €1.25M▲ +35.6% vs 2019
2021: €1.30M▲ +4.2% vs 2020
2022: €1.35M▲ +3.8% vs 2021
2023: €1.52M▲ +12.8% vs 2022
2024: €1.52M● +0.0% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.98M▲ 13.9%
2023 · €1.73M
2018: €981klowest in 7 years
2019: €1.21M▲ +23.2% vs 2018
2020: €1.51M▲ +24.8% vs 2019
2021: €1.58M▲ +5.1% vs 2020
2022: €1.64M▲ +3.3% vs 2021
2023: €1.73M▲ +6.0% vs 2022
2024: €1.98M▲ +13.9% vs 2023highest in 7 years
2018 → 2024
Net result
€172k▼ 1.7%
2023 · €175k
2018: €183k
2019: €170k▼ -7.5% vs 2018
2020: €437k▲ +158% vs 2019highest in 7 years
2021: €163k▼ -62.7% vs 2020
2022: €155k▼ -4.8% vs 2021lowest in 7 years
2023: €175k▲ +12.5% vs 2022
2024: €172k▼ -1.7% vs 2023
2018 → 2024
Working capital
€1.10M▼ 6.3%
2023 · €1.17M
2018: €801k
2019: €763k▼ -4.7% vs 2018lowest in 7 years
2020: €925k▲ +21.2% vs 2019
2021: €976k▲ +5.4% vs 2020
2022: €1.02M▲ +5.1% vs 2021
2023: €1.17M▲ +14.4% vs 2022highest in 7 years
2024: €1.10M▼ -6.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.25M-€1.30M▲ 4.2%€1.35M▲ 3.8%€1.52M▲ 12.8%€1.52M=
2020: €1.25Mlowest in 5 years
2021: €1.30M▲ +4.2% vs 2020
2022: €1.35M▲ +3.8% vs 2021
2023: €1.52M▲ +12.8% vs 2022
2024: €1.52M● +0.0% vs 2023highest in 5 years
Operating result€377k-€243k▼ 35.5%€238k▼ 2.1%€243k▲ 2.4%€272k▲ 11.6%
2020: €377khighest in 5 years
2021: €243k▼ -35.5% vs 2020
2022: €238k▼ -2.1% vs 2021lowest in 5 years
2023: €243k▲ +2.4% vs 2022
2024: €272k▲ +11.6% vs 2023
Net result€437k-€163k▼ 62.7%€155k▼ 4.8%€175k▲ 12.5%€172k▼ 1.7%
2020: €437khighest in 5 years
2021: €163k▼ -62.7% vs 2020
2022: €155k▼ -4.8% vs 2021lowest in 5 years
2023: €175k▲ +12.5% vs 2022
2024: €172k▼ -1.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 12% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.98M
Fixed assets
€472k ▲ 17.6%
Current assets
€1.50M ▲ 12.8%
Equity and liabilities €1.98M
Equity
€1.52M =
Debt
€453k ▲ 114%
Debt's share of the balance-sheet total rises from 12.2% to 22.9%. Debt is higher.
Key figures and ratios
EBITDA
€287k▲
2023 · €246k
Cash flow
€187k▲
2023 · €177k
Current ratio
3.72▼
2023 · 8.32
Debt to equity
0.30▲
2023 · 0.14
ROE
11.3%▼
2023 · 11.5%
ROA
8.7%▼
2023 · 10.1%
Interest coverage
22.74▼
2023 · 36.92
Debt ≤ 1 year
€404k▲
2023 · €160k
Debt > 1 year
€32k▼
2023 · €42k
Income taxes
€118k▲
2023 · €78k
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 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.73M€1.98M▲
Fixed assets21/28€402k€472k▲
Tangible fixed assets22/27€72k€57k▼
Furniture and vehicles24€72k€57k▼
Financial fixed assets28€330k€415k▲
Current assets29/58€1.33M€1.50M▲
Amounts receivable within one year40/41€30k€32k▲
Trade receivables40€30k€32k▲
Other amounts receivable41€3€0▼
Current investments50/53€1.20M€1.35M▲
Cash at bank and in hand54/58€90k€84k▼
Deferred charges and accrued income490/1€15k€35k▲
Equity and liabilities
Total equity and liabilities10/49€1.73M€1.98M▲
Equity10/15€1.52M€1.52M=
Contributions10/11€245k€245k=
Reserves13€1.28M€1.28M=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€370k€160k▼
Distributable reserves133€907k€1.12M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€212k€453k▲
Amounts payable after more than one year17€42k€32k▼
Financial debts170/4€42k€32k▼
Amounts payable within one year42/48€160k€404k▲
Current portion of amounts payable after more than one year42€21k€53k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€27k€78k▲
Taxes450/3€27k€78k▲
Other amounts payable47/48€108k€270k▲
Accrued charges and deferred income492/3€9k€17k▲
Income statement
Code20232024
Non-recurring operating income76A€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€15k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€248k€288k▲
Operating profit (loss)9901€243k€272k▲
Financial income75/76B€16k€31k▲
Recurring financial income75€16k€31k▲
Financial charges65/66B€7k€13k▲
Recurring financial charges65€7k€13k▲
Profit (loss) for the period before taxes9903€253k€290k▲
Income taxes67/77€78k€118k▲
Profit (loss) for the period9904€175k€172k▼
Transfer from tax-exempt reserves789€0€211k▲
Transfer to tax-exempt reserves689€84k€0▼
Profit (loss) for the period to be appropriated9905€90k€382k▲
Appropriation of the result
Profit (loss) to be appropriated9906€90k€382k▲
Transfer from equity791/2€2k€171k▲
Transfer to equity691/2€90k€382k▲
To other reserves6921€90k€382k▲
Profit to be distributed694/7€2k€171k▲
Return on contributions (dividend)694€2k€171k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €784 | €94 | €191 | €3k | €15k | ▲ 443% |
| Other operating charges640/8 | - | €282 | €196 | €2k | €1k | ▼ 21.7% |
| Gross operating margin9900 | €378k | €243k | €238k | €248k | €288k | ▲ 16.2% |
| Operating profit (loss)9901 | €377k | €243k | €238k | €243k | €272k | ▲ 11.6% |
| Financial income75/76B | - | €3k | €5k | €16k | €31k | ▲ 91.8% |
| Recurring financial income75 | €230k | €3k | €5k | €16k | €31k | ▲ 91.8% |
| Financial charges65/66B | - | €4k | €5k | €7k | €13k | ▲ 89.1% |
| Recurring financial charges65 | €5k | €4k | €5k | €7k | €13k | ▲ 89.1% |
| Profit (loss) for the period before taxes9903 | €602k | €242k | €239k | €253k | €290k | ▲ 14.6% |
| Income taxes67/77 | €164k | €79k | €83k | €78k | €118k | ▲ 51.0% |
| Profit (loss) for the period9904 | €437k | €163k | €155k | €175k | €172k | ▼ 1.7% |
| Transfer from tax-exempt reserves789 | - | €93k | €71k | €0 | €211k | - |
| Transfer to tax-exempt reserves689 | - | €34k | €42k | €84k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €227k | €222k | €184k | €90k | €382k | ▲ 322% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.51M | €1.58M | €1.64M | €1.73M | €1.98M | ▲ 13.9% |
| Fixed assets21/28 | €330k | €330k | €330k | €402k | €472k | ▲ 17.6% |
| Tangible fixed assets22/27 | €207 | €114 | €291 | €72k | €57k | ▼ 20.1% |
| Furniture and vehicles24 | - | €114 | €291 | €72k | €57k | ▼ 20.1% |
| Financial fixed assets28 | €330k | €330k | €330k | €330k | €415k | ▲ 25.8% |
| Current assets29/58 | €1.18M | €1.25M | €1.31M | €1.33M | €1.50M | ▲ 12.8% |
| Amounts receivable within one year40/41 | €25k | €26k | €56k | €30k | €32k | ▲ 6.0% |
| Trade receivables40 | - | €26k | €56k | €30k | €32k | ▲ 6.0% |
| Other amounts receivable41 | - | - | - | €3 | €0 | ▼ 100% |
| Current investments50/53 | €767k | €1.02M | €992k | €1.20M | €1.35M | ▲ 13.0% |
| Cash at bank and in hand54/58 | €380k | €203k | €250k | €90k | €84k | ▼ 7.1% |
| Deferred charges and accrued income490/1 | - | €3k | €8k | €15k | €35k | ▲ 136% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.51M | €1.58M | €1.64M | €1.73M | €1.98M | ▲ 13.9% |
| Equity10/15 | €1.25M | €1.30M | €1.35M | €1.52M | €1.52M | = |
| Contributions10/11 | - | €245k | €245k | €245k | €245k | = |
| Reserves13 | €1.00M | €1.06M | €1.10M | €1.28M | €1.28M | = |
| Non-distributable reserves130/1 | - | €16k | €16k | €0 | - | - |
| Reserves not available under the articles1311 | - | €16k | €16k | €0 | - | - |
| Tax-exempt reserves132 | - | €315k | €286k | €370k | €160k | ▼ 56.8% |
| Distributable reserves133 | - | €724k | €802k | €907k | €1.12M | ▲ 23.2% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €259k | €283k | €287k | €212k | €453k | ▲ 114% |
| Amounts payable after more than one year17 | - | - | - | €42k | €32k | ▼ 25.6% |
| Financial debts170/4 | - | - | - | €42k | €32k | ▼ 25.6% |
| Amounts payable within one year42/48 | €252k | €278k | €281k | €160k | €404k | ▲ 152% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21k | €53k | ▲ 157% |
| Trade debts44 | €1k | €1k | €6k | €5k | €3k | ▼ 38.6% |
| Suppliers440/4 | - | €1k | €6k | €5k | €3k | ▼ 38.6% |
| Taxes, remuneration and social security45 | - | €60k | €53k | €27k | €78k | ▲ 187% |
| Taxes450/3 | - | €60k | €53k | €27k | €78k | ▲ 187% |
| Other amounts payable47/48 | - | €217k | €222k | €108k | €270k | ▲ 151% |
| Accrued charges and deferred income492/3 | - | €5k | €6k | €9k | €17k | ▲ 86.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €437k | €163k | €155k | €175k | €172k | ▼ 1.7% |
| + Depreciation and write-downs630 | €784 | €94 | €191 | €3k | €15k | ▲ 443% |
| Operating cash flow (approximation) | €438k | €163k | €155k | €177k | €187k | ▲ 5.3% |
| Investment in fixed assets (approximation) | - | €0 | €-369 | €-74k | €-86k | ▼ 15.3% |
| Change in cash | - | €-177k | €47k | €-159k | €-6k | ▲ 96.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €155k ▼4.8%
Net result drops to €155k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €437k ▲158%
Operating result €377k, net result €437k, both a record.
31-12
Financial
Equity above €1MEq €1.25M ▲35.6%
3 profitable years in a row build equity to €1.25M.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
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 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Harelbeke · 1 establishment unit since 2007
Ground area
838 m²
Building footprint
222 m²
Volume, LiDAR
1,028 m³
Parcel 34013A1269/00W000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HERMIFLAM
since 20072.162.847.008
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A1269/00W000 | Flanders | 838 m² | 1 · 222 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
875500BJ2OSORB82VA89
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 23,215 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.