HIMAR
ActiveSummary
HIMAR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €13k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-10
Solvency91▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.32 against 3.39 in 2024; short-term debt: 21.2% and cash: 9.2% of total assets), and 33.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more 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 2025Solvency, return and age of the figures
Solvency
66.5%
Return on assets
11.3%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
73 d early
2023
56 d early
2022
17 d early
2021
51 d early
2020
22 d early
2019
17 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€76k▲ 20.5%
2024 · €63k
Total assets
€114k▲ 10.3%
2024 · €104k
Net result
€13k▼ 35.8%
2024 · €20k
Working capital
€56k▲ 20.0%
2024 · €47k
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
Operating result€5k€10k▲ 91.5%€16k▲ 60.0%€30k▲ 94.6%€20k▼ 33.4%
Net result€3k▲ 169%€6k▲ 157%€11k▲ 66.5%€20k▲ 86.9%€13k▼ 35.8%
Equity€26k▲ 10.9%€32k▲ 25.3%€43k▲ 33.6%€63k▲ 47.0%€76k▲ 20.5%
Total assets€48k▼ 2.1%€46k▼ 3.3%€61k▲ 32.5%€104k▲ 68.9%€114k▲ 10.3%
Debt€22k▼ 13.7%€14k▼ 36.1%€18k▲ 29.8%€41k▲ 119%€38k▼ 5.6%
Working capital€19k▲ 14.3%€28k▲ 47.4%€38k▲ 35.5%€47k▲ 22.1%€56k▲ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114k
Fixed assets
€34k ▼ 9.1%
Current assets
€80k ▲ 21.2%
Equity and liabilities €114k
Equity
€76k ▲ 20.5%
Debt
€38k ▼ 5.6%
Debt's share of the balance-sheet total falls from 39.2% to 33.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▼
2024 · €32k
Cash flow
€21k▼
2024 · €22k
Current ratio
3.32▼
2024 · 3.39
Debt to equity
0.50▼
2024 · 0.64
ROE
17.0%▼
2024 · 32.0%
ROA
11.3%▼
2024 · 19.4%
Interest coverage
14.57▼
2024 · 21.27
Debt ≤ 1 year
€24k▲
2024 · €20k
Debt > 1 year
€14k▼
2024 · €21k
Income taxes
€8k▼
2024 · €12k
Staff costs
€380▲
2024 · €254
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €132 | €75 | €254 | €380 | ▲ 49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €647 | €2k | €8k | ▲ 313% |
| Other operating charges640/8 | €3k | €1k | €2k | €1k | €1k | ▲ 30.5% |
| Gross operating margin9900 | €11k | €15k | €18k | €34k | €30k | ▼ 10.5% |
| Operating profit (loss)9901 | €5k | €10k | €16k | €30k | €20k | ▼ 33.4% |
| Financial income75/76B | €1k | €2k | €2k | €3k | €3k | ▲ 6.0% |
| Recurring financial income75 | €1k | €2k | €2k | €3k | €3k | ▲ 6.0% |
| Financial charges65/66B | €948 | €571 | €318 | €2k | €2k | ▲ 28.1% |
| Recurring financial charges65 | €948 | €571 | €318 | €2k | €2k | ▲ 28.1% |
| Profit (loss) for the period before taxes9903 | €6k | €11k | €17k | €32k | €21k | ▼ 32.9% |
| Income taxes67/77 | €3k | €5k | €7k | €12k | €8k | ▼ 28.0% |
| Profit (loss) for the period9904 | €3k | €6k | €11k | €20k | €13k | ▼ 35.8% |
| Transfer from tax-exempt reserves789 | €1k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €4k | €6k | €11k | €20k | €13k | ▼ 35.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €46k | €61k | €104k | €114k | ▲ 10.3% |
| Fixed assets21/28 | €6k | €4k | €5k | €37k | €34k | ▼ 9.1% |
| Tangible fixed assets22/27 | €6k | €4k | €5k | €37k | €34k | ▼ 9.1% |
| Plant, machinery and equipment23 | €59 | - | - | - | - | - |
| Furniture and vehicles24 | €5k | €2k | €3k | €35k | €32k | ▼ 9.6% |
| Other tangible fixed assets26 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €41k | €43k | €57k | €66k | €80k | ▲ 21.2% |
| Amounts receivable within one year40/41 | €38k | €43k | €57k | €65k | €70k | ▲ 8.1% |
| Trade receivables40 | €12k | €12k | €15k | €14k | €11k | ▼ 21.1% |
| Other amounts receivable41 | €26k | €31k | €42k | €51k | €59k | ▲ 16.2% |
| Cash at bank and in hand54/58 | - | - | - | €2k | €10k | ▲ 526% |
| Deferred charges and accrued income490/1 | €3k | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €46k | €61k | €104k | €114k | ▲ 10.3% |
| Equity10/15 | €26k | €32k | €43k | €63k | €76k | ▲ 20.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €20k | €27k | €37k | €58k | €70k | ▲ 22.5% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €18k | €25k | €37k | €58k | €70k | ▲ 22.5% |
| Profit (loss) carried forward14 | €-13k | €-13k | €-13k | €-13k | €-13k | = |
| Amounts payable17/49 | €22k | €14k | €18k | €41k | €38k | ▼ 5.6% |
| Amounts payable after more than one year17 | - | - | - | €21k | €14k | ▼ 33.2% |
| Financial debts170/4 | - | - | - | €21k | €14k | ▼ 33.2% |
| Amounts payable within one year42/48 | €22k | €14k | €18k | €20k | €24k | ▲ 23.9% |
| Current portion of amounts payable after more than one year42 | €4k | - | - | €7k | €7k | ▲ 3.5% |
| Financial debts43 | €5k | €67 | €8k | - | - | - |
| Credit institutions430/8 | €5k | €67 | €8k | - | - | - |
| Trade debts44 | €3k | €3k | €202 | - | - | - |
| Suppliers440/4 | €3k | €3k | €202 | - | - | - |
| Taxes, remuneration and social security45 | €11k | €11k | €11k | €13k | €17k | ▲ 34.5% |
| Taxes450/3 | €9k | €11k | €11k | €13k | €17k | ▲ 34.5% |
| Remuneration and social security454/9 | €2k | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €44 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €6k | €11k | €20k | €13k | ▼ 35.8% |
| + Depreciation and write-downs630 | €4k | €4k | €647 | €2k | €8k | ▲ 313% |
| Operating cash flow (approximation) | €6k | €10k | €11k | €22k | €21k | ▼ 4.5% |
| Investment in fixed assets (approximation) | - | €-973 | €-1k | €-35k | €-5k | ▲ 86.2% |
| Change in cash | - | - | - | - | €9k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-09
State Gazette act
Board meeting · Registered-office move2 facts ▸
State Gazette act
Board meeting · Registered-office move
2 facts ▸
- Board meeting, 01-07-2026
- Registered-office move, Prins Boudewijnlaan 13 te 8670 Koksijde
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €20k ▲86.9%
Operating result €30k, net result €20k, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Koksijde · 1 establishment unit since 1999
Ground area
253 m²
Building footprint
85 m²
Volume, LiDAR
572 m³
Parcel 38014D0456/00A000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HIMAR
since 19992.099.239.158
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38014D0456/00A000 | Flanders | 253 m² | 1 · 85 m² | 9.4 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.
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Of 142 companies in sector 27900 we hold annual accounts for 103. 57 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
Founded22-10-1999
Fiscal year end31-12
Activities, NACEBEL 2025
27900Manufacture of electrical equipment
Scores and ratios are computed by Checked and are not a credit decision.