Equity
€312,627 ▼ 30.5%
HIMILCO paid out €377,000 in dividends. That is 157% of the 2025 profit.
HIMILCO
Lifetime
6 annual accounts with figures on one time axispeak €437,358 (2025)
€437,358▲ 6.5%
peak €278,407 (2024)
€239,664▼ 13.9%
peak €449,963 (2024)
€312,627▼ 30.5%
€529,901▲ 17.8%
peak 1 FTE (2025)
1 FTE
Board1 name since 2022
1 directorCharles Meeus
Documentsfilings and deeds
28-04-20262 days before the deadline
2025abbreviated format
Registered-office move 14-07Dividend €377,000Equity from €449,963 to €312,627Debts from €449,708 to €529,901Cash from €226,704 to €140,069
Key points
from the 2025 annual accountsChecked score
55
Fair
Financially stronger than 52% of micro companies in warehousing and transport support (NACE 52)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 2,306 companies (NACE 52, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.1%▼ -0.4 percentage points vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.3%▲ +0.1 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 1.9%▲ +1.5 percentage points vs 08-2026highest value
10-2026: 1.9%● unchanged vs 09-2026highest value
11-2026: 1.9%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
2 changes of registered office in 24 months
lowers risk
Founded in 2014
Figures for financial year 2025 (filed on 28-04-2026)
Liquidity: current ratio 1.64, cash €140,069
Calculation
The band follows from the bankruptcy probability. 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 52, micro). It does better than 46% of them on solvency, 54% on liquidity, 93% on profitability and 14% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as HIMILCO has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of HIMILCO itself is higher: 1.9% within 12 months. It rests on far more data about HIMILCO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for HIMILCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.64 (2.49 in 2024), above the usual 1.5. Short-term debt is 40.3% and cash 16.6% of total assets. However, 62.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 28-04-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 days early
2024
26 days early
2023
40 days early
2022
48 days early
2021
39 days early
2020
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 26 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% 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 22 March (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered office moved from Antwerp to Mortsel
New registered office: Lindenlei 69, 2640 Mortsel · Previous registered office: Spoorweglaan 169 bus 202, 2610 Antwerpen (Wilrijk) · Gazette deed
Registered-office move
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0563489727
Amendment of the articles · Legal-form change · Resignations & appointments
Legal-form conversion: from limited partnership to private limited company · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HIMILCO Mortsel | €0.8m | €437,358 | 37.1% | 1 |
| ALL-U-PACK Antwerp | €1.2m | €510,962 | 59.3% | 1 |
| GCA LOGISTICS Antwerp | €1.1m | €351,757 | 29.6% | 0.8 |
| BALD SHIPPING BELGIUM Bruges | €0.6m | €479,209 | 17.4% | 1 |
| FLIGHTWATCH Jabbeke | €1.0m | €269,281 | 29.1% | 1.8 |
| DANVEX Dendermonde | €1.1m | €212,241 | 31.3% | 0.9 |
| V-Chartering Antwerp | €1.0m | €261,120 | 38.6% | 1.7 |
These companies have the same main activity as HIMILCO: logistics services (NACE 52250). They are comparable in size and age: total assets between €587,000 and €1.2m, founded between 2008 and 2017.
Official details
Source: KBO- Status
- Active since 01-10-2014Normal situation
- Activity
- Logistics servicesNACE 52250
- Joint committees
- 226White-collar workers in international trade, transport and logistics
- 140.03Road transport and logistics for third parties · annual accounts 30-09-2025
- Establishment unit
- 2.235.217.0252640 Mortsel, since 01-10-2014
- Financial year end
- 30 September
- Peppol
- Reachable since 12-06-2025
Annual accounts to 30-09-2025
- €842,527▼ 6.4%
- Employeeson 30-09-2025
- 1
- Filing
- Filed on 28-04-2026, 2 days before the end of the filing period
Insights on HIMILCO
HIMILCO files the abbreviated format. That format states no turnover. The gross margin rose from €21,621 in 2020 to €437,358 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HIMILCO
- What is the company number of HIMILCO?
- The company number of HIMILCO is 0563.489.727. The VAT number is the same number with BE in front: BE 0563.489.727.
- Where is HIMILCO based?
- The registered office is at Lindenlei 69, 2640 Mortsel.Company details
- What does HIMILCO do?
- According to the KBO register, the main activity is logistics services (NACE 52250).
- What is the legal form of HIMILCO?
- HIMILCO is a private limited company (BV).
- When was HIMILCO founded?
- HIMILCO was founded on 01-10-2014.
- Is HIMILCO still active?
- Yes, HIMILCO is an active enterprise in the KBO register.
- How many employees does HIMILCO have?
- HIMILCO had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HIMILCO fall under?
- In its 30-09-2025 annual accounts, HIMILCO states joint committees 226 (White-collar workers in international trade, transport and logistics) and 140.03 (Road transport and logistics for third parties).
- What is the turnover of HIMILCO?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €437,358 and 2,275 comparable companies of the same size. It probably lies between €620,000 and €1.7m. It is a rough estimate. In financial year 2022 turnover was €2.9m.
- Is HIMILCO profitable?
- In financial year 2025, HIMILCO made a profit of €239,664.
- Where can I find the annual accounts of HIMILCO?
- HIMILCO filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HIMILCO due?
- HIMILCO must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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