HIMILCO
ActiveSummary
HIMILCO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €313k and a net result of €240k. Equity is growing by ~53.5% per year across the filed fiscal years. Its solvency ranks better than 50% of 723 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency62▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 2.49 in 2024; short-term debt: 40.3% and cash: 16.6% of total assets), but 62.9% 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+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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
37.1%
Return on assets
28.4%
Age of the figures
12 mo
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
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 d early
2024
26 d early
2023
40 d early
2022
48 d early
2021
39 d early
2020
1 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.89M
EBIT margin
2.9%
Net result
€240k▼ 13.9%
2024 · €278k
2020: €3k
2021: €1k▼ -46.2% vs 2020lowest in 6 years
2022: €62k▲ +4054% vs 2021
2023: €80k▲ +29.4% vs 2022
2024: €278k▲ +246% vs 2023highest in 6 years
2025: €240k▼ -13.9% vs 2024
2020 → 2025
Working capital
€216k▼ 37.3%
2024 · €345k
2020: €3klowest in 6 years
2021: €9k▲ +158% vs 2020
2022: €75k▲ +751% vs 2021
2023: €148k▲ +98.2% vs 2022
2024: €345k▲ +133% vs 2023highest in 6 years
2025: €216k▼ -37.3% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.89M
Equity€24k-€99k▲ 318%€172k▲ 74.0%€450k▲ 162%€313k▼ 30.5%
2021: €24klowest in 5 years
2022: €99k▲ +318% vs 2021
2023: €172k▲ +74.0% vs 2022
2024: €450k▲ +162% vs 2023highest in 5 years
2025: €313k▼ -30.5% vs 2024
Operating result€6k-€83k▲ 1,231%€106k▲ 26.9%€375k▲ 255%€326k▼ 13.0%
2021: €6klowest in 5 years
2022: €83k▲ +1231% vs 2021
2023: €106k▲ +26.9% vs 2022
2024: €375k▲ +255% vs 2023highest in 5 years
2025: €326k▼ -13.0% vs 2024
Net result€1k-€62k▲ 4,054%€80k▲ 29.4%€278k▲ 246%€240k▼ 13.9%
2021: €1klowest in 5 years
2022: €62k▲ +4054% vs 2021
2023: €80k▲ +29.4% vs 2022
2024: €278k▲ +246% vs 2023highest in 5 years
2025: €240k▼ -13.9% 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 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €843k
Fixed assets
€287k ▼ 11.3%
Current assets
€556k ▼ 3.6%
Equity and liabilities €843k
Equity
€313k ▼ 30.5%
Debt
€530k ▲ 17.8%
Debt's share of the balance-sheet total rises from 50.0% to 62.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€365k▼
2024 · €408k
Cash flow
€278k▼
2024 · €311k
Current ratio
1.64▼
2024 · 2.49
Debt to equity
1.69▲
2024 · 1.00
ROE
76.7%▲
2024 · 61.9%
ROA
28.4%▼
2024 · 30.9%
Interest coverage
29.40▼
2024 · 71.18
Debt ≤ 1 year
€340k▲
2024 · €232k
Debt > 1 year
€189k▼
2024 · €217k
Income taxes
€77k▼
2024 · €92k
Staff costs
€62k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€900k€843k▼
Fixed assets21/28€323k€287k▼
Tangible fixed assets22/27€323k€287k▼
Land and buildings22€258k€224k▼
Plant, machinery and equipment23€1k€832▼
Furniture and vehicles24€37k€29k▼
Other tangible fixed assets26€27k€33k▲
Current assets29/58€577k€556k▼
Amounts receivable within one year40/41€350k€410k▲
Trade receivables40€347k€382k▲
Other amounts receivable41€3k€28k▲
Cash at bank and in hand54/58€227k€140k▼
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€900k€843k▼
Equity10/15€450k€313k▼
Contributions10/11€19k€19k=
Reserves13€430k€293k▼
Distributable reserves133€430k€293k▼
Profit (loss) carried forward14€1k€1k▼
Amounts payable17/49€450k€530k▲
Amounts payable after more than one year17€217k€189k▼
Financial debts170/4€217k€189k▼
Amounts payable within one year42/48€232k€340k▲
Current portion of amounts payable after more than one year42€24k€20k▼
Financial debts43-€25k
Credit institutions430/8-€25k
Trade debts44€188k€271k▲
Suppliers440/4€188k€271k▲
Taxes, remuneration and social security45€16k€18k▲
Taxes450/3€14k€4k▼
Remuneration and social security454/9€2k€14k▲
Other amounts payable47/48€4k€6k▲
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20242025
Non-recurring operating income76A€7k€29k▲
Remuneration, social security and pensions62-€62k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€39k▲
Other operating charges640/8€3k€10k▲
Gross operating margin9900€411k€437k▲
Operating profit (loss)9901€375k€326k▼
Financial income75/76B€852€3k▲
Recurring financial income75€852€3k▲
Financial charges65/66B€6k€12k▲
Recurring financial charges65€6k€12k▲
Profit (loss) for the period before taxes9903€370k€316k▼
Income taxes67/77€92k€77k▼
Profit (loss) for the period9904€278k€240k▼
Profit (loss) for the period to be appropriated9905€278k€240k▼
Appropriation of the result
Profit (loss) to be appropriated9906€279k€241k▼
Profit (loss) brought forward from the previous period14P€456€1k▲
Transfer from equity791/2-€377k
Transfer to equity691/2€278k€240k▼
To other reserves6921€278k€240k▼
Profit to be distributed694/7-€377k
Return on contributions (dividend)694-€377k
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (16 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €2.89M | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €7k | €29k | ▲ 337% |
| Goods, raw materials, services and sundry goods60/61 | - | €2.79M | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €62k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €6k | €7k | €33k | €39k | ▲ 17.8% |
| Other operating charges640/8 | - | €8k | €6k | €3k | €10k | ▲ 223% |
| Gross operating margin9900 | €20k | €97k | €119k | €411k | €437k | ▲ 6.5% |
| Operating profit (loss)9901 | €6k | €83k | €106k | €375k | €326k | ▼ 13.0% |
| Financial income75/76B | - | €972 | €71 | €852 | €3k | ▲ 216% |
| Recurring financial income75 | €150 | €972 | €71 | €852 | €3k | ▲ 216% |
| Financial charges65/66B | - | €5k | €2k | €6k | €12k | ▲ 117% |
| Recurring financial charges65 | €3k | €5k | €2k | €6k | €12k | ▲ 117% |
| Profit (loss) for the period before taxes9903 | €4k | €79k | €104k | €370k | €316k | ▼ 14.5% |
| Income taxes67/77 | €2k | €17k | €24k | €92k | €77k | ▼ 16.2% |
| Profit (loss) for the period9904 | €1k | €62k | €80k | €278k | €240k | ▼ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €1k | €62k | €80k | €278k | €240k | ▼ 13.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120k | €280k | €340k | €900k | €843k | ▼ 6.4% |
| Fixed assets21/28 | €36k | €41k | €36k | €323k | €287k | ▼ 11.3% |
| Tangible fixed assets22/27 | €36k | €41k | €36k | €323k | €287k | ▼ 11.3% |
| Land and buildings22 | - | €20k | €17k | €258k | €224k | ▼ 13.3% |
| Plant, machinery and equipment23 | - | - | €2k | €1k | €832 | ▼ 28.6% |
| Furniture and vehicles24 | - | €388 | - | €37k | €29k | ▼ 20.3% |
| Other tangible fixed assets26 | - | €21k | €18k | €27k | €33k | ▲ 20.5% |
| Current assets29/58 | €84k | €239k | €304k | €577k | €556k | ▼ 3.6% |
| Amounts receivable within one year40/41 | €84k | €224k | €263k | €350k | €410k | ▲ 17.3% |
| Trade receivables40 | - | €222k | €261k | €347k | €382k | ▲ 10.3% |
| Other amounts receivable41 | - | €1k | €2k | €3k | €28k | ▲ 776% |
| Cash at bank and in hand54/58 | - | €15k | €37k | €227k | €140k | ▼ 38.2% |
| Deferred charges and accrued income490/1 | - | - | €3k | - | €5k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120k | €280k | €340k | €900k | €843k | ▼ 6.4% |
| Equity10/15 | €24k | €99k | €172k | €450k | €313k | ▼ 30.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €23k | €78k | €153k | €430k | €293k | ▼ 31.9% |
| Distributable reserves133 | - | €78k | €153k | €430k | €293k | ▼ 31.9% |
| Profit (loss) carried forward14 | €15 | €2k | €456 | €1k | €1k | ▼ 24.6% |
| Amounts payable17/49 | €96k | €181k | €168k | €450k | €530k | ▲ 17.8% |
| Amounts payable after more than one year17 | €20k | €16k | €12k | €217k | €189k | ▼ 12.8% |
| Financial debts170/4 | - | €16k | €12k | €217k | €189k | ▼ 12.8% |
| Amounts payable within one year42/48 | €75k | €164k | €156k | €232k | €340k | ▲ 46.6% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | €24k | €20k | ▼ 15.0% |
| Financial debts43 | - | €8k | €3k | - | €25k | - |
| Credit institutions430/8 | - | €8k | €3k | - | €25k | - |
| Trade debts44 | €29k | €143k | €137k | €188k | €271k | ▲ 43.9% |
| Suppliers440/4 | - | €143k | €137k | €188k | €271k | ▲ 43.9% |
| Taxes, remuneration and social security45 | - | €9k | €11k | €16k | €18k | ▲ 10.5% |
| Taxes450/3 | - | €7k | €9k | €14k | €4k | ▼ 72.2% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €14k | ▲ 663% |
| Other amounts payable47/48 | - | - | €669 | €4k | €6k | ▲ 44.7% |
| Accrued charges and deferred income492/3 | - | €1k | €500 | €1k | €1k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €62k | €80k | €278k | €240k | ▼ 13.9% |
| + Depreciation and write-downs630 | €13k | €6k | €7k | €33k | €39k | ▲ 17.8% |
| Operating cash flow (approximation) | €14k | €68k | €87k | €311k | €278k | ▼ 10.6% |
| Investment in fixed assets (approximation) | - | €-12k | €-2k | €-320k | €-2k | ▲ 99.3% |
| Change in cash | - | - | €22k | €190k | €-87k | ▼ 146% |
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
11-08
State Gazette act
Registered officeRegistered-office move1 fact ▸
State Gazette act
Registered office
Registered-office move1 fact ▸
- Registered-office move, Lindenlei 69, 2640 Mortsel
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2020net €278k ▲246%
Operating result €375k, net result €278k, both a record.
30-09
Financial
Equity above €200kEq €450k ▲162%
5 profitable years in a row build equity to €450k.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150kEq €172k ▲74%
4 profitable years in a row build equity to €172k.
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €1k ▼46.2%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Mortsel · 1 establishment unit since 2014
Ground area
299 m²
Building footprint
96 m²
Volume, LiDAR
985 m³
Parcel 11512B0045/00T002, Flanders · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Himilco
since 20142.235.217.025
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11512B0045/00T002 | Flanders | 299 m² | 1 · 96 m² | 14.1 m · 4 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 3,188 companies in sector 52250 we hold annual accounts for 1,954. 1,444 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
Founded01-10-2014
Fiscal year end30-09
Activities, NACEBEL 2025
52250Logistics services
Contact
E-mail
info@himilco.be
Scores and ratios are computed by Checked and are not a credit decision.