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HILMA

Active
Public limited companyfounded 1975active for 51 yearsSparrestraat 8, 8890 Moorslede, BelgiumKBO/BCE: BE 0414.852.370
Summary

HILMA has been active since 1975 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €153,827. Equity is growing by about 6.5% per year across the filed financial years. Its solvency ranks better than 89% of 285 sector peers (NACE 31, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
HILMAActiveChecked score 98/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of dining room, living room, bedroom and bathroom furniture
NACE 31004Wholesale of non-electrical household articles NACE 46494
2nd oldest company in Moorslede, Manufacturing sector1 site
Size
≈ €2.1mturnover 2025, estimated
Staff
16.5 FTE
Equity
€1.7m
Profit
€153,827
Turnover estimated from the gross margin
Financial health
98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
5 members
2025 accounts on time1 of 7 deeds summarised
Why 98lowers riskLiquidity: current ratio 6.30, cash €699,896Equity €1.7m (84.0% of total assets)Founded in 1975Profit of €153,827 (financial year 2025)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 86% of its sector peers (NACE 31, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 84.0% of total assets
Liquidity 91+32
short-term debt 12.2% · cash 33.6%
Profitability 78-3
return on assets 7.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (136 companies, NACE 31, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: 0.1%▲ +0.1 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026highest value 05-2026: < 0.1%▼ -0.1 percentage points vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity ample (current ratio 6.3, compared with 5.44 in 2024, above the usual 1.5; short-term debt: 12.2% and cash: 33.6% of total assets), and 16% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 31, small): better than 91% on solvency, 99% on liquidity, 81% on profitability and 71% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 6.30, cash €699,896
NBB · annual accounts
lowers risk · Equity €1.7m (84.0% of total assets)
NBB · annual accounts
lowers risk · Founded in 1975
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Profit of €153,827 (financial year 2025)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
8 days late
2023
on the day
2022
6 days early
2021
1 day early
2020
39 days early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 5 days before the deadline; the sector median (NACE 31) for financial year 2024 is 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end31-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Reappointments: Kathleen Demoen, Heidi Demoen and…Appointment: Kathleen Demoen (chair of…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: 2nd oldest company in Moorslede, Manufacturing sectorin the Checked rankings No. 2 View
  • Positive: 7 profitable years in a rowprofit 2025: €153,827 7 years View
  • Active since 1975founded 07-02-1975 51 years View

By topic

Financials

Financial year
2025
Total assets
€2.1m
Profit
€153,827
Solvency
84.0%
Total assets▲ 4.3%
Net result
20192025
Go to Financials

Board & ownership

Board
5 members
  • Kathleen DemoenChair
  • Heidi DemoenManaging director
  • Hilda Vander SticheleDirector
  • Koenraad DemoenManaging director
  • Wilfried DemoenDirector
Go to Board & ownership

Timeline

Events
49
Since
1979
Next accounts
by 30-04-2027
  1. 30-04-2024Annual accounts filed
  2. 24-04-2023Annual accounts filed
  3. 29-04-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of dining room, living room, bedroom and…NACE 31004
Founded
07-02-1975
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Key facts about HILMA

What is the company number of HILMA?
0414.852.370. In Belgium the VAT number is the company number with BE in front: BE 0414.852.370.
Where is HILMA based?
The registered office is at Sparrestraat 8, 8890 Moorslede.Company details
What does HILMA do?
According to the KBO register, the main activity is manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004).
What is the legal form of HILMA?
Public limited company (NV).
When was HILMA founded?
On 07-02-1975.
Is HILMA still active?
Yes, HILMA is an active enterprise in the KBO register.
How many employees does HILMA have?
On average 16.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HILMA?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is HILMA profitable?
In financial year 2025, HILMA made a profit of €153,827.
Where can I find the annual accounts of HILMA?
HILMA filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HILMA due?
By 30-04-2027, for financial year 2026.Timeline

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