HIMAVAN
ActiveSummary
HIMAVAN has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €526k and a net result of €31k. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 3136 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-42
Solvency99▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 4.11 against 4.01 in 2024; short-term debt: 24.3% and cash: 95.8% of total assets), and 25.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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
74.3%
Return on assets
4.3%
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
28 d late
2023
29 d late
2022
11 d early
2021
31 d late
2020
20 d late
2019
22 d early
← 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
€526k▲ 6.2%
2024 · €495k
2018: €106klowest in 8 years
2019: €108k▲ +2.0% vs 2018
2020: €108k▲ +0.4% vs 2019
2021: €109k▲ +1.0% vs 2020
2022: €128k▲ +17.1% vs 2021
2023: €194k▲ +51.8% vs 2022
2024: €495k▲ +155% vs 2023
2025: €526k▲ +6.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€707k▲ 4.8%
2024 · €675k
2018: €495k
2019: €438k▼ -11.6% vs 2018
2020: €446k▲ +1.9% vs 2019
2021: €371k▼ -16.9% vs 2020lowest in 8 years
2022: €531k▲ +43.4% vs 2021
2023: €470k▼ -11.6% vs 2022
2024: €675k▲ +43.6% vs 2023
2025: €707k▲ +4.8% vs 2024highest in 8 years
2018 → 2025
Net result
€31k▼ 89.9%
2024 · €301k
2018: €7k
2019: €3k▼ -56.5% vs 2018
2020: €1k▼ -55.4% vs 2019lowest in 8 years
2021: €2k▲ +32.2% vs 2020
2022: €29k▲ +1487% vs 2021
2023: €92k▲ +213% vs 2022
2024: €301k▲ +226% vs 2023highest in 8 years
2025: €31k▼ -89.9% vs 2024
2018 → 2025
Working capital
€535k▲ 5.6%
2024 · €507k
2018: €-73klowest in 8 years
2019: €-55k▲ +24.4% vs 2018
2020: €-32k▲ +42.0% vs 2019
2021: €-12k▲ +61.7% vs 2020
2022: €14k▲ +215% vs 2021
2023: €90k▲ +541% vs 2022
2024: €507k▲ +461% vs 2023
2025: €535k▲ +5.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€109k-€128k▲ 17.1%€194k▲ 51.8%€495k▲ 155%€526k▲ 6.2%
2021: €109klowest in 5 years
2022: €128k▲ +17.1% vs 2021
2023: €194k▲ +51.8% vs 2022
2024: €495k▲ +155% vs 2023
2025: €526k▲ +6.2% vs 2024highest in 5 years
Operating result€8k-€42k▲ 413%€126k▲ 196%€448k▲ 257%€38k▼ 91.4%
2021: €8klowest in 5 years
2022: €42k▲ +413% vs 2021
2023: €126k▲ +196% vs 2022
2024: €448k▲ +257% vs 2023highest in 5 years
2025: €38k▼ -91.4% vs 2024
Net result€2k-€29k▲ 1,487%€92k▲ 213%€301k▲ 226%€31k▼ 89.9%
2021: €2klowest in 5 years
2022: €29k▲ +1487% vs 2021
2023: €92k▲ +213% vs 2022
2024: €301k▲ +226% vs 2023highest in 5 years
2025: €31k▼ -89.9% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €707k
Equity
€526k ▲ 6.2%
Debt
€181k ▲ 1.0%
Debt's share of the balance-sheet total falls from 26.6% to 25.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38k▼
2024 · €453k
Cash flow
€31k▼
2024 · €305k
Current ratio
4.11▲
2024 · 4.01
Debt to equity
0.35▼
2024 · 0.36
ROE
5.8%▼
2024 · 60.8%
ROA
4.3%▼
2024 · 44.6%
Interest coverage
4.12▼
2024 · 37.85
Debt ≤ 1 year
€172k▲
2024 · €168k
Income taxes
€14k▼
2024 · €141k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€675k€707k▲
Fixed assets21/28€0-
Tangible fixed assets22/27€0-
Land and buildings22€0-
Plant, machinery and equipment23€0-
Current assets29/58€675k€707k▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€32k€30k▼
Trade receivables40€5k€4k▼
Other amounts receivable41€26k€26k▼
Current investments50/53€500k€0▼
Cash at bank and in hand54/58€142k€677k▲
Deferred charges and accrued income490/1€880€81▼
Equity and liabilities
Total equity and liabilities10/49€675k€707k▲
Equity10/15€495k€526k▲
Contributions10/11€49k€49k=
Reserves13€446k€477k▲
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€442k€472k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€180k€181k▲
Amounts payable within one year42/48€168k€172k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€160k€166k▲
Accrued charges and deferred income492/3€12k€9k▼
Income statement
Code20242025
Non-recurring operating income76A€394k€34k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€0▼
Other operating charges640/8€5k€1k▼
Gross operating margin9900€457k€40k▼
Operating profit (loss)9901€448k€38k▼
Financial income75/76B€6k€16k▲
Recurring financial income75€6k€16k▲
Financial charges65/66B€12k€9k▼
Recurring financial charges65€12k€9k▼
Profit (loss) for the period before taxes9903€442k€45k▼
Income taxes67/77€141k€14k▼
Profit (loss) for the period9904€301k€31k▼
Profit (loss) for the period to be appropriated9905€301k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€301k€31k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€0-
Transfer to equity691/2€301k€31k▼
To other reserves6921€301k€31k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Directors or managers695€0-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €394k | €34k | ▼ 91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42k | €35k | €33k | €5k | €0 | ▼ 100% |
| Other operating charges640/8 | €4k | €5k | €6k | €5k | €1k | ▼ 68.8% |
| Gross operating margin9900 | €54k | €82k | €164k | €457k | €40k | ▼ 91.3% |
| Operating profit (loss)9901 | €8k | €42k | €126k | €448k | €38k | ▼ 91.4% |
| Financial income75/76B | - | €1 | €3 | €6k | €16k | ▲ 176% |
| Recurring financial income75 | - | €1 | €3 | €6k | €16k | ▲ 176% |
| Financial charges65/66B | €5k | €5k | €7k | €12k | €9k | ▼ 21.9% |
| Recurring financial charges65 | €5k | €5k | €7k | €12k | €9k | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | €3k | €37k | €118k | €442k | €45k | ▼ 89.9% |
| Transfer from deferred taxes780 | €400 | - | - | - | - | - |
| Income taxes67/77 | €2k | €8k | €26k | €141k | €14k | ▼ 90.0% |
| Profit (loss) for the period9904 | €2k | €29k | €92k | €301k | €31k | ▼ 89.9% |
| Transfer from tax-exempt reserves789 | €2k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €3k | €29k | €92k | €301k | €31k | ▼ 89.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €371k | €531k | €470k | €675k | €707k | ▲ 4.8% |
| Fixed assets21/28 | €177k | €144k | €111k | €0 | - | - |
| Tangible fixed assets22/27 | €177k | €144k | €111k | €0 | - | - |
| Land and buildings22 | €132k | €113k | €94k | €0 | - | - |
| Plant, machinery and equipment23 | €44k | €31k | €17k | €0 | - | - |
| Furniture and vehicles24 | €684 | €342 | - | - | - | - |
| Current assets29/58 | €193k | €388k | €359k | €675k | €707k | ▲ 4.8% |
| Stocks and contracts in progress3 | €84k | €1k | €33k | €0 | - | - |
| Stocks30/36 | €84k | €1k | €33k | €0 | - | - |
| Amounts receivable within one year40/41 | €5k | €214k | €11k | €32k | €30k | ▼ 6.6% |
| Trade receivables40 | €5k | €214k | €5k | €5k | €4k | ▼ 28.8% |
| Other amounts receivable41 | - | - | €5k | €26k | €26k | ▼ 2.0% |
| Current investments50/53 | - | - | - | €500k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €100k | €168k | €311k | €142k | €677k | ▲ 377% |
| Deferred charges and accrued income490/1 | €5k | €4k | €4k | €880 | €81 | ▼ 90.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €371k | €531k | €470k | €675k | €707k | ▲ 4.8% |
| Equity10/15 | €109k | €128k | €194k | €495k | €526k | ▲ 6.2% |
| Contributions10/11 | €49k | €49k | €49k | €49k | €49k | = |
| Reserves13 | €59k | €79k | €146k | €446k | €477k | ▲ 6.8% |
| Non-distributable reserves130/1 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves not available under the articles1311 | €5k | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | €55k | €74k | €141k | €442k | €472k | ▲ 6.9% |
| Profit (loss) carried forward14 | €1k | €473 | - | €0 | - | - |
| Amounts payable17/49 | €261k | €403k | €276k | €180k | €181k | ▲ 1.0% |
| Amounts payable after more than one year17 | €47k | €23k | - | - | - | - |
| Financial debts170/4 | €47k | €23k | - | - | - | - |
| Amounts payable within one year42/48 | €206k | €374k | €269k | €168k | €172k | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | €23k | €23k | €23k | €0 | - | - |
| Trade debts44 | €70k | €199k | €75k | €6k | €3k | ▼ 40.6% |
| Suppliers440/4 | €70k | €199k | €75k | €6k | €3k | ▼ 40.6% |
| Taxes, remuneration and social security45 | €6k | €32k | €17k | €2k | €3k | ▲ 21.3% |
| Taxes450/3 | €3k | €19k | €15k | €2k | €3k | ▲ 21.3% |
| Remuneration and social security454/9 | €3k | €13k | €2k | €0 | - | - |
| Other amounts payable47/48 | €107k | €119k | €154k | €160k | €166k | ▲ 3.7% |
| Accrued charges and deferred income492/3 | €9k | €6k | €7k | €12k | €9k | ▼ 19.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €29k | €92k | €301k | €31k | ▼ 89.9% |
| + Depreciation and write-downs630 | €42k | €35k | €33k | €5k | €0 | ▼ 100% |
| Operating cash flow (approximation) | €43k | €64k | €125k | €305k | €31k | ▼ 90.0% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €106k | - | - |
| Change in cash | - | €68k | €143k | €-169k | €535k | ▲ 416% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €500kEq €526k ▲6.2%
8 profitable years in a row build equity to €526k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €301k ▲226%
Operating result €448k, net result €301k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.01
Current ratio from 1.34 to 4.01; short-term debt falls from €269k to €168k.
31-12
Financial
Equity above €200kEq €495k ▲155%
7 profitable years in a row build equity to €495k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Equity above €150kEq €194k ▲51.8%
6 profitable years in a row build equity to €194k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
31-12
Financial
Weakest financial yearnet €1k ▼55.4%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
Show earlier events
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
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, Ieper · 1 establishment unit since 1992
Ground area
2,029 m²
Building footprint
635 m²
Volume, LiDAR
3,372 m³
Parcel 33304B0211/00E000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Adriaansensweg 29, 8900 Ieper
since 19922.056.486.904
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33304B0211/00E000 | Flanders | 2,029 m² | 1 · 635 m² | 8.8 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.
Similar companies · same sector, comparable size
NABIKAL
BE 0436.627.583
Langemark-Poelkapelle · Eq €503k
AVIBI
BE 0461.608.647
Florennes · Eq €581k
EUROPE HUNTING
BE 0425.013.814
Koekelare · Eq €623k
SCHOBBEJAKS HOOGTE
BE 0476.578.222
Tielt · Eq €653k
FOB
BE 0456.080.142
De Haan · Eq €670k
Of 129 companies in sector 01479 we hold annual accounts for 46. 41 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 (pre-2019)
Founded27-01-1992
Fiscal year end31-12
Activities, NACEBEL 2025
01479Crop and animal production, hunting and related service activities
Scores and ratios are computed by Checked and are not a credit decision.