Skip to content

HIMAS

Active
Private limited companyfounded 20206 yrs activePijpeweg 92, 8340 Damme, BelgiumKBO/BCE: BE 0746.591.182
Summary

The computed 12-month bankruptcy probability of HIMAS is 2.8% (moderate). The annual accounts of HIMAS for fiscal year 2025 show a net loss of 95% of the equity at the start of that year. The 2025 annual accounts show equity of €1,816 and a net result of -€37,346. Equity is shrinking by ~32.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability29▼-6
Solvency25▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.0 against 1.04 in 2024; short-term debt: 99.8% and cash: 0.7% of total assets), and 99.8% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
0.2%
Return on assets
-3.4%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
2122232425
2021 to 2025 · latest year -€37,346
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-12-2025, 57 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
57 d early
2024
60 d early
2023
49 d early
2022
62 d early
2021
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 53 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

HIMAS was incorporated on 29 April 2020 as a Private limited company.1 Total assets rose from EUR 472,655 in 2021 to EUR 1.1 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity
€1,816▼ 95.4%
2024 · €39,162
Total assets
€1.1m▼ 1.4%
2024 · €1.1m
Net result
-€37,346▼ 308%
2024 · -€9,149
Working capital
€2,324▼ 94.1%
2024 · €39,175
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-€6,813-€107,367-€21,406-€5,336▲ 75.1%-€4,676▲ 12.4%
Net result-€14,358-€76,646-€23,978-€9,149▲ 61.8%-€37,346▼ 308%
Equity-€4,358-€72,289€48,310▼ 33.2%€39,162▼ 18.9%€1,816▼ 95.4%
Total assets€472,655-€577,074▲ 22.1%€50,182▼ 91.3%€1.1m▲ 2,100%€1.1m▼ 1.4%
Debt€477,012-€504,785▲ 5.8%€1,872▼ 99.6%€1.1m▲ 56,770%€1.1m▲ 2.0%
Working capital-€4,358-€72,289€48,310▼ 33.2%€39,175▼ 18.9%€2,324▼ 94.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2021: -€6,813-€6,813Net result 2021: -€14,358-€14,358Operating result 2022: €107,367€107,367Net result 2022: €76,646€76,646Operating result 2023: -€21,406-€21,406Net result 2023: -€23,978-€23,978Operating result 2024: -€5,336-€5,336Net result 2024: -€9,149-€9,149Operating result 2025: -€4,676-€4,676Net result 2025: -€37,346-€37,34620212022202320242025-€40,000-€30,000-€20,000-€10,000€0Operating result 2023: -€21,406-€21,400Net result 2023: -€23,978-€24,000Operating result 2024: -€5,336-€5,340Net result 2024: -€9,149-€9,150Operating result 2025: -€4,676-€4,680Net result 2025: -€37,346-€37,300202320242025
The operating result stays negative: a loss of €4,676 in 2025 against €5,336 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.1m
Equity €1,816 ▼ 95.4%
Debt €1.1m ▲ 2.0%
Debt's share of the balance-sheet total rises from 96.5% to 99.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.00▼
2024 · 1.04
Quick ratio
0.01▼
2024 · 0.02
ROA
-3.4%▼
2024 · -0.8%
Debt ≤ 1 year
€1.1m▲
2024 · €1.1m
A ratio outside any meaningful range has been withheld (balance sheet total €1.1m, equity €1,816).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 818 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a small loss
1.8% went bankrupt
3.3% stopped otherwise
94% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 818 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.1m€1.1m▼
Current assets29/58€1.1m€1.1m▼
Stocks and contracts in progress3€1.1m€1.1m=
Stocks30/36€1.1m€1.1m=
Amounts receivable within one year40/41-€269
Trade receivables40-€269
Cash at bank and in hand54/58€24,232€7,561▼
Deferred charges and accrued income490/1€516€1,378▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.1m▼
Equity10/15€39,162€1,816▼
Contributions10/11€10,000€10,000=
Reserves13€29,162-
Distributable reserves133€29,162-
Profit (loss) carried forward14--€8,184
Amounts payable17/49€1.1m€1.1m▲
Amounts payable within one year42/48€1.1m€1.1m▲
Financial debts43€500,000€500,000=
Credit institutions430/8€500,000€500,000=
Trade debts44-€834
Suppliers440/4-€834
Other amounts payable47/48€564,666€585,143▲
Accrued charges and deferred income492/3€14€508▲
Income statement Code20242025
Other operating charges640/8€1,203€546▼
Gross operating margin9900-€4,133-€4,130▲
Operating profit (loss)9901-€5,336-€4,676▲
Financial charges65/66B€3,812€32,669▲
Recurring financial charges65€3,812€32,669▲
Profit (loss) for the period before taxes9903-€9,149-€37,346▼
Profit (loss) for the period9904-€9,149-€37,346▼
Profit (loss) for the period to be appropriated9905-€9,149-€37,346▼
Appropriation of the result
Profit (loss) to be appropriated9906-€9,149-€37,346▼
Transfer from equity791/2€9,149€29,162▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,062-----
Other operating charges640/8-€459€460€1,203€546▼ 54.6%
Gross operating margin9900-€3,250€107,826-€20,946-€4,133-€4,130▲ 0.1%
Operating profit (loss)9901-€6,813€107,367-€21,406-€5,336-€4,676▲ 12.4%
Recurring financial income75€0-----
Financial charges65/66B-€9,958€2,572€3,812€32,669▲ 757%
Recurring financial charges65€7,544€9,958€2,572€3,812€32,669▲ 757%
Profit (loss) for the period before taxes9903-€14,358€97,409-€23,978-€9,149-€37,346▼ 308%
Income taxes67/77-€20,763----
Profit (loss) for the period9904-€14,358€76,646-€23,978-€9,149-€37,346▼ 308%
Profit (loss) for the period to be appropriated9905-€14,358€76,646-€23,978-€9,149-€37,346▼ 308%
Line20212022202320242025Change
Assets
Total assets20/58€472,655€577,074€50,182€1.1m€1.1m▼ 1.4%
Current assets29/58€472,655€577,074€50,182€1.1m€1.1m▼ 1.4%
Stocks and contracts in progress3€470,368--€1.1m€1.1m=
Stocks30/36---€1.1m€1.1m=
Amounts receivable within one year40/41----€269-
Trade receivables40----€269-
Cash at bank and in hand54/58€2,286€577,074€50,182€24,232€7,561▼ 68.8%
Deferred charges and accrued income490/1---€516€1,378▲ 167%
Equity and liabilities
Total equity and liabilities10/49€472,655€577,074€50,182€1.1m€1.1m▼ 1.4%
Equity10/15-€4,358€72,289€48,310€39,162€1,816▼ 95.4%
Contributions10/11-€10,000€10,000€10,000€10,000=
Reserves13-€62,289€38,310€29,162--
Distributable reserves133-€62,289€38,310€29,162--
Profit (loss) carried forward14-€14,358----€8,184-
Amounts payable17/49€477,012€504,785€1,872€1.1m€1.1m▲ 2.0%
Amounts payable within one year42/48€477,012€504,785€1,872€1.1m€1.1m▲ 2.0%
Financial debts43---€500,000€500,000=
Credit institutions430/8---€500,000€500,000=
Trade debts44€315€145--€834-
Suppliers440/4-€145--€834-
Taxes, remuneration and social security45-€20,763----
Taxes450/3-€20,763----
Other amounts payable47/48-€483,877€1,872€564,666€585,143▲ 3.6%
Accrued charges and deferred income492/3---€14€508▲ 3,642%
Line20212022202320242025Change
Profit (loss) for the period9904-€14,358€76,646-€23,978-€9,149-€37,346▼ 308%
+ Depreciation and write-downs630€3,062-----
Operating cash flow (approximation)-€11,295€76,646-€23,978-€9,149-€37,346▼ 308%
Change in cash-€574,788-€526,891-€25,950-€16,671▲ 35.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2025
05-12
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial Weakest financial yearnet -€37,346
Net result drops to -€37,346, the lowest in the series.
2024
02-12
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
13-12
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial Liquidity times 23current ratio 26.80
Current ratio from 1.14 to 26.80; short-term debt falls from €504,785 to €1,872.
2022
30-11
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial Back to profitnet €76,646
Net result €76,646 after one loss-making year.
2021
24-12
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 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, Damme · 1 establishment unit since 2020
seat establishment approximate The establishment unit on the map
Ground area
7,822 m²
Parcel 31432A0056/00_000, Flanders. Linked by address, not a title deed.
1 establishment unit
HIMAS
Pijpeweg 92, 8340 DammeReal estate development
since 20202.305.802.341
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31432A0056/00_000 Flanders 7,822 m² - -
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.

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded29-04-2020
Fiscal year end30-06
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.