Summary
HIFFERMAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €32.0m and a net result of €2.5m. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 2409 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
18 d early
2024
43 d early
2023
22 d early
2022
35 d early
2021
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#2 company by equity in Aartselaar, Finance and insurance sector#3 company by total assets in Aartselaar, Finance and insurance sector#10 fastest grower in the province of Antwerp, Financial services sector
Equity
€32.0m▲ 8.4%
2024 · €29.5m
Net result
€2.5m▼ 16.8%
2024 · €3.0m
Total assets
€38.8m▲ 4.2%
2024 · €37.2m
Solvency
82.4%▲ 3.2pp
2024 · 79.2%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€3.1m▼ 10.7%€3.0m▼ 1.9%€3.4m▲ 13.4%€3.2m▼ 6.7%€3.7m▲ 17.9%
Operating result€909,359▼ 24.6%€845,559▼ 7.0%€1.0m▲ 22.7%€873,694▼ 15.8%€875,872▲ 0.2%
Net result€1.5m▼ 36.2%€2.8m▲ 90.4%€3.4m▲ 22.0%€3.0m▼ 12.4%€2.5m▼ 16.8%
Equity€23.3m▲ 6.7%€23.1m▼ 0.9%€26.5m▲ 14.8%€29.5m▲ 11.3%€32.0m▲ 8.4%
Total assets€26.0m▼ 4.1%€27.5m▲ 5.6%€30.9m▲ 12.6%€37.2m▲ 20.3%€38.8m▲ 4.2%
Debt€2.7m▼ 48.9%€4.4m▲ 62.3%€4.4m▲ 1.1%€7.7m▲ 74.0%€6.8m▼ 11.9%
Working capital€1.4m▲ 113%€3.5m▲ 155%€3.6m▲ 2.0%€6.0m▲ 69.1%€8.1m▲ 33.7%
Solvency89.6%▲ 9.1pp84.0%▼ 5.6pp85.6%▲ 1.6pp79.2%▼ 6.4pp82.4%▲ 3.2pp
Staff (FTE)12.6▼ 4.5%12.7▲ 0.8%14.1▲ 11.0%14▼ 0.7%17.1▲ 22.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38.8m
Fixed assets
€28.6m ▼ 2.3%
Current assets
€10.2m ▲ 28.1%
Equity and liabilities €38.8m
Equity
€32.0m ▲ 8.4%
Debt
€6.8m ▼ 11.9%
Debt's share of the balance-sheet total falls from 20.8% to 17.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
7.8%▼
2024 · 10.1%
ROA
6.4%▼
2024 · 8.0%
Debt ≤ 1 year
€2.2m▲
2024 · €2.0m
Debt > 1 year
€4.5m▼
2024 · €5.6m
Income taxes
€173,088▼
2024 · €184,883
Staff costs
€2.3m▲
2024 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €5.4m | €5.0m | €6.2m | €6.2m | €6.9m | ▲ 12.9% |
| Turnover70 | €3.1m | €3.0m | €3.4m | €3.2m | €3.7m | ▲ 17.9% |
| Other operating income74 | €2.3m | €2.0m | €2.8m | €3.0m | €3.2m | ▲ 7.6% |
| Non-recurring operating income76A | €5,213 | €11,248 | €835 | €6,787 | €5,000 | ▼ 26.3% |
| Operating charges60/66A | €4.4m | €4.1m | €5.2m | €5.3m | €6.1m | ▲ 15.0% |
| Goods for resale, raw materials and consumables60 | €2.3m | €2.0m | €2.7m | €2.8m | €3.0m | ▲ 7.4% |
| Purchases600/8 | €2.3m | €2.0m | €2.7m | €2.8m | €3.0m | ▲ 7.4% |
| Services and other goods61 | €605,470 | €679,439 | €708,157 | €731,975 | €737,467 | ▲ 0.8% |
| Remuneration, social security and pensions62 | €1.4m | €1.4m | €1.6m | €1.7m | €2.3m | ▲ 34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,058 | €76,017 | €89,467 | €74,957 | €77,275 | ▲ 3.1% |
| Other operating charges640/8 | €7,034 | €5,992 | €49,103 | €4,099 | €4,702 | ▲ 14.7% |
| Non-recurring operating charges66A | €21,837 | €125 | - | - | - | - |
| Operating profit (loss)9901 | €909,359 | €845,559 | €1.0m | €873,694 | €875,872 | ▲ 0.2% |
| Financial income75/76B | €1.5m | €2.3m | €2.8m | €2.6m | €2.3m | ▼ 11.6% |
| Recurring financial income75 | €1.5m | €2.3m | €2.8m | €2.6m | €2.3m | ▼ 11.6% |
| Income from financial fixed assets750 | €1.5m | €2.2m | €2.7m | €2.5m | €2.1m | ▼ 18.2% |
| Income from current assets751 | €15,209 | - | €98,039 | €119,201 | €265,050 | ▲ 122% |
| Other financial income752/9 | €489 | €10,594 | €4,139 | €1,172 | €5,825 | ▲ 397% |
| Non-recurring financial income76B | - | €28,851 | - | - | €1,934 | - |
| Financial charges65/66B | €879,138 | €135,392 | €187,108 | €336,718 | €548,991 | ▲ 63.0% |
| Recurring financial charges65 | €139,138 | €135,392 | €187,108 | €336,718 | €548,991 | ▲ 63.0% |
| Debt charges650 | €132,229 | €128,384 | €154,938 | €328,667 | €337,396 | ▲ 2.7% |
| Other financial charges652/9 | €6,909 | €7,008 | €32,170 | €8,051 | €211,595 | ▲ 2,528% |
| Non-recurring financial charges66B | €740,000 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.5m | €3.0m | €3.6m | €3.2m | €2.7m | ▼ 16.2% |
| Income taxes67/77 | €35,052 | €198,861 | €222,700 | €184,883 | €173,088 | ▼ 6.4% |
| Taxes670/3 | €35,183 | €200,544 | €271,201 | €184,883 | €173,088 | ▼ 6.4% |
| Tax adjustments and reversals of tax provisions77 | €131 | €1,683 | €48,501 | - | - | - |
| Profit (loss) for the period9904 | €1.5m | €2.8m | €3.4m | €3.0m | €2.5m | ▼ 16.8% |
| Profit (loss) for the period to be appropriated9905 | €1.5m | €2.8m | €3.4m | €3.0m | €2.5m | ▼ 16.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26.0m | €27.5m | €30.9m | €37.2m | €38.8m | ▲ 4.2% |
| Fixed assets21/28 | €22.9m | €23.0m | €25.8m | €29.2m | €28.6m | ▼ 2.3% |
| Tangible fixed assets22/27 | €118,507 | €229,781 | €178,080 | €162,820 | €292,793 | ▲ 79.8% |
| Furniture and vehicles24 | €118,507 | €229,781 | €178,080 | €162,820 | €292,793 | ▲ 79.8% |
| Financial fixed assets28 | €22.8m | €22.8m | €25.6m | €29.1m | €28.3m | ▼ 2.8% |
| Affiliated companies280/1 | €22.8m | €22.8m | €25.6m | €29.1m | €28.3m | ▼ 2.7% |
| Participating interests280 | €22.2m | €22.1m | €24.9m | €24.9m | €24.9m | = |
| Amounts receivable281 | €609,197 | €668,779 | €708,589 | €4.2m | €3.4m | ▼ 18.8% |
| Companies linked by participating interests282/3 | - | €20,000 | €20,000 | €20,000 | - | - |
| Participating interests282 | - | €20,000 | €20,000 | €20,000 | - | - |
| Other financial fixed assets284/8 | €363 | €363 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €363 | €363 | - | - | - | - |
| Current assets29/58 | €3.1m | €4.5m | €5.2m | €8.0m | €10.2m | ▲ 28.1% |
| Amounts receivable after more than one year29 | - | - | - | - | €2.0m | - |
| Other amounts receivable291 | - | - | - | - | €2.0m | - |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.5m | €1.6m | €1.7m | €3.8m | €4.1m | ▲ 8.4% |
| Trade receivables40 | €1.1m | €1.3m | €1.6m | €3.1m | €3.4m | ▲ 11.2% |
| Other amounts receivable41 | €490,317 | €260,669 | €22,957 | €751,521 | €727,984 | ▼ 3.1% |
| Current investments50/53 | €0 | - | €1.2m | €3.6m | €3.8m | ▲ 4.2% |
| Other investments51/53 | €0 | - | €1.2m | €3.6m | €3.8m | ▲ 4.2% |
| Cash at bank and in hand54/58 | €1.5m | €2.9m | €2.3m | €490,658 | €269,470 | ▼ 45.1% |
| Deferred charges and accrued income490/1 | €15,000 | - | €8,876 | €59,185 | €51,983 | ▼ 12.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26.0m | €27.5m | €30.9m | €37.2m | €38.8m | ▲ 4.2% |
| Equity10/15 | €23.3m | €23.1m | €26.5m | €29.5m | €32.0m | ▲ 8.4% |
| Contributions10/11 | €14.5m | €12.5m | €12.5m | €12.5m | €12.5m | = |
| Capital10 | €14.5m | €12.5m | €12.5m | €12.5m | €12.5m | = |
| Issued capital100 | €14.5m | €12.5m | €12.5m | €12.5m | €12.5m | = |
| Reserves13 | €8.8m | €10.6m | €14.0m | €17.0m | €19.5m | ▲ 14.6% |
| Non-distributable reserves130/1 | €1.5m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Legal reserve130 | €1.5m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Distributable reserves133 | €7.4m | €9.3m | €12.7m | €15.7m | €18.2m | ▲ 15.8% |
| Profit (loss) carried forward14 | €96 | - | - | - | - | - |
| Amounts payable17/49 | €2.7m | €4.4m | €4.4m | €7.7m | €6.8m | ▼ 11.9% |
| Amounts payable after more than one year17 | €950,000 | €3.3m | €2.7m | €5.6m | €4.5m | ▼ 19.7% |
| Financial debts170/4 | €950,000 | €3.3m | €2.7m | €5.6m | €4.5m | ▼ 19.7% |
| Other loans174 | €950,000 | €3.3m | €2.7m | €5.6m | €4.5m | ▼ 19.7% |
| Amounts payable within one year42/48 | €1.7m | €971,100 | €1.6m | €2.0m | €2.2m | ▲ 10.8% |
| Current portion of amounts payable after more than one year42 | €709,000 | €542,044 | €542,044 | €1.3m | €1.1m | ▼ 9.6% |
| Trade debts44 | €165,919 | €215,241 | €773,464 | €400,000 | €685,536 | ▲ 71.4% |
| Suppliers440/4 | €165,919 | €215,241 | €773,464 | €400,000 | €685,536 | ▲ 71.4% |
| Taxes, remuneration and social security45 | €188,788 | €213,715 | €273,846 | €299,874 | €346,793 | ▲ 15.6% |
| Taxes450/3 | €50,508 | €66,679 | €96,428 | €121,289 | €97,374 | ▼ 19.7% |
| Remuneration and social security454/9 | €138,280 | €147,036 | €177,417 | €178,586 | €249,418 | ▲ 39.7% |
| Other amounts payable47/48 | €650,101 | €101 | - | - | - | - |
| Accrued charges and deferred income492/3 | €46,151 | €141,505 | €114,358 | €144,451 | €127,131 | ▼ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.5m | €2.8m | €3.4m | €3.0m | €2.5m | ▼ 16.8% |
| + Depreciation and write-downs630 | €54,058 | €76,017 | €89,467 | €74,957 | €77,275 | ▲ 3.1% |
| Operating cash flow (approximation) | €1.5m | €2.9m | €3.5m | €3.1m | €2.6m | ▼ 16.4% |
| Investment in fixed assets (approximation) | - | -€166,439 | -€2.9m | -€3.5m | €599,092 | ▲ 117% |
| Change in cash | - | €1.3m | -€539,108 | -€1.8m | -€221,188 | ▲ 87.9% |
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
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
31-12
Financial
Highest result since 2018net €3.4m ▲22%
Net result €3.4m, the highest in the series.
31-12
Financial
Equity above €25mEq €26.5m ▲14.8%
6 profitable years in a row build equity to €26.5m.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2022
31-12
Financial
Liquidity triplescurrent ratio 4.59
Current ratio from 1.80 to 4.59; short-term debt falls from €1.7m to €971,100.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Aartselaar · 1 establishment unit since 2007
Ground area
4,618 m²
Building footprint
262 m²
Volume, LiDAR
1,410 m³
Parcel 11372A0008/00E000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
HIFFERMAN
since 20072.161.087.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11372A0008/00E000 | Flanders | 4,618 m² | 1 · 261 m² | 9.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 7,814 EUR awarded · 7,709 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,061 EUR | 1,061 EUR |
| 2024 | 1 | 425 EUR | 358 EUR |
| 2023 | 2 | 4,173 EUR | 4,431 EUR |
| 2022 | 1 | 2,155 EUR | 1,859 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,771. 3,397 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.