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HIMASTE

Active
Public limited companyfounded 199135 yrs activeWilfordkaai 43, 9140 Temse, BelgiumKBO/BCE: BE 0443.252.881

HIMASTE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.04M and a net result of €-16k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 59% of 9713 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
67 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▼-4
Solvency66▼-26
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.12 in 2023; short-term debt: 51.5% and cash: 1.3% of total assets), and 59.2% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 35 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2024
Solvency, return and age of the figures
Solvency
40.8%
Return on assets
-0.3%
Age of the figures
20 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 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
44 d early
2023
40 d early
2022
42 d early
2021
41 d early
2020
40 d early
2019
39 d early
← before the deadline after the 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

Financials · fiscal year 2024, abbreviated schema

Equity
€2.04M▼ 0.8%
2023 · €2.05M
2018: €1,000k 2019: €1.10M 2020: €1.84M 2021: €1.90M 2022: €1.98M 2023: €2.05M
2018 → 2024
Total assets
€4.99M▲ 63.3%
2023 · €3.05M
2018: €1.73M 2019: €1.98M 2020: €2.21M 2021: €2.30M 2022: €3.05M 2023: €3.05M
2018 → 2024
Net result
€-16k
2023 · €80k
2018: €497k 2019: €98k 2020: €54k 2021: €65k 2022: €81k 2023: €80k
2018 → 2024
Working capital
€-2.50M▼ 360%
2023 · €-544k
2018: €-526k 2019: €-551k 2020: €531k 2021: €637k 2022: €-672k 2023: €-544k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€1.84M-€1.90M▲ 3.6%€1.98M▲ 4.2%€2.05M▲ 3.6%€2.04M▼ 0.8%
Operating result€954k-€87k▼ 90.8%€103k▲ 18.1%€103k▲ 0.2%€-8k
Net result€54k-€65k▲ 20.5%€81k▲ 23.6%€80k▼ 1.0%€-16k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-250k€0€250k€500k€750k€1.00MOperating result 2020: €954k€954kNet result 2020: €54k€54kOperating result 2021: €87k€87kNet result 2021: €65k€65kOperating result 2022: €103k€103kNet result 2022: €81k€81kOperating result 2023: €103k€103kNet result 2023: €80k€80kOperating result 2024: €-8k€-8kNet result 2024: €-16k€-16k20202021202220232024
The operating result turns negative in 2024: a loss of €8k after €103k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.99M
Fixed assets €4.92M▲ 65.2%
Current assets €65k▼ 12.3%
Equity and liabilities €4.99M
Equity €2.04M▼ 0.8%
Provisions €366k▼ 1.4%
Debt €2.58M▲ 310%
The debt ratio rises from 20.6% to 51.8%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€157k
2023 · €166k
Cash flow
€149k
2023 · €142k
Solvency
40.8%
2023 · 67.2%
Current ratio
0.03
2023 · 0.12
Quick ratio
0.03
2023 · 0.12
Debt / equity
1.27
2023 · 0.31
ROE
-0.8%
2023 · 3.9%
ROA
-0.3%
2023 · 2.6%
Interest coverage
40.05
2023 · 333.84
Debt
€2.58M
2023 · €630k
Debt ≤ 1 year
€2.57M
2023 · €618k
Debt > 1 year
€12k=
2023 · €12k
Income taxes
€9k
2023 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€3.05M€4.99M
Fixed assets21/28€2.98M€4.92M
Tangible fixed assets22/27€2.80M€4.74M
Land and buildings22€2.80M€4.74M
Financial fixed assets28€180k€180k
Current assets29/58€74k€65k
Cash at bank and in hand54/58€73k€64k
Deferred charges and accrued income490/1€1k€1k
Equity and liabilities
Total equity and liabilities10/49€3.05M€4.99M
Equity10/15€2.05M€2.04M
Contributions10/11€72k€72k=
Capital10€72k€72k=
Issued capital100€72k€72k=
Reserves13€1.97M€1.95M
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€1.11M€1.10M
Distributable reserves133€850k€850k=
Profit (loss) carried forward14€10k€10k
Provisions and deferred taxes16€371k€366k
Deferred taxes168€371k€366k
Amounts payable17/49€630k€2.58M
Amounts payable after more than one year17€12k€12k=
Other amounts payable178/9€12k€12k=
Amounts payable within one year42/48€618k€2.57M
Financial debts43€319k€569k
Other loans439€319k€569k
Trade debts44€267k€284
Suppliers440/4€267k€284
Taxes, remuneration and social security45€33k-
Taxes450/3€33k-
Other amounts payable47/48-€2.00M
Accrued charges and deferred income492/3-€3k
Income statement Code20232024
Goods, raw materials, services and sundry goods60/61-€29k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€165k
Other operating charges640/8€17k€16k
Gross operating margin9900€183k€173k
Operating profit (loss)9901€103k€-8k
Financial charges65/66B€496€4k
Recurring financial charges65€496€4k
Profit (loss) for the period before taxes9903€103k€-12k
Transfer from deferred taxes780€14k€5k
Income taxes67/77€37k€9k
Profit (loss) for the period9904€80k€-16k
Transfer from tax-exempt reserves789€5k€15k
Profit (loss) for the period to be appropriated9905€85k€-543
Appropriation of the result
Profit (loss) to be appropriated9906€90k€10k
Profit (loss) brought forward from the previous period14P€5k€10k
Transfer to equity691/2€80k-
To other reserves6921€80k-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
17-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet €-16k ▼120%
Net result drops to €-16k, the lowest in the series.
21-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Equity above €2MEq €2.05M ▲3.6%
6 profitable years in a row build equity to €2.05M.
19-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Liquidity times 980current ratio 178.12
Current ratio from 0.18 to 178.12; short-term debt falls from €674k to €3k.
22-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Equity above €1MEq €1.10M ▲9.8%
2 profitable years in a row build equity to €1.10M.
22-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
22-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
7 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, Temse · 1 establishment unit since 1991
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Wilfordkaai 439140 Temse
Ground area
1,848 m²
Building footprint
1,035 m²
Volume, LiDAR
10,014 m³
Parcel 46302D0738/00X000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HIMASTE NV
Wilfordkaai 43, 9140 TemseInsurance, reinsurance and pension funding, except compulsory social security
since 19912.051.947.106
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46302D0738/00X000 Flanders 1,848 m² 1 · 1,035 m² 11.5 m · 3 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 9,697 companies in sector 68121 we hold annual accounts for 7,378. 2,965 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded13-02-1991
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
70111
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.