HISAR GROUP
ActiveSummary
HISAR GROUP has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,483 and a net result of €2,211. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 2226 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-12
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 24.59 against 34.51 in 2024; short-term debt: 4.1% and cash: 7.1% of total assets), and 4.1% of the assets are financed with debt.
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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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
95.9%
Return on assets
3.9%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
13 d late
2023
27 d late
2022
28 d late
2021
16 d late
2020
4 d early
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€54,483▲ 4.2%
2024 · €52,271
Total assets
€56,793▲ 5.5%
2024 · €53,831
Net result
€2,211▼ 53.2%
2024 · €4,727
Working capital
€54,483▲ 4.2%
2024 · €52,271
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,879€5,442▼ 30.9%€4,100▼ 24.7%€6,436▲ 57.0%€1,265▼ 80.3%
Net result€5,627within the sector's middle half▲ 663%€3,552within the sector's middle half▼ 36.9%€2,887within the sector's middle half▼ 18.7%€4,727within the sector's middle half▲ 63.7%€2,211within the sector's middle half▼ 53.2%
Equity€41,105within the sector's middle half▲ 15.9%€44,657within the sector's middle half▲ 8.6%€47,545within the sector's middle half▲ 6.5%€52,271within the sector's middle half▲ 9.9%€54,483within the sector's middle half▲ 4.2%
Total assets€47,568below the sector's middle half▲ 23.6%€46,564below the sector's middle half▼ 2.1%€50,940below the sector's middle half▲ 9.4%€53,831below the sector's middle half▲ 5.7%€56,793below the sector's middle half▲ 5.5%
Debt€6,463▲ 115%€1,907▼ 70.5%€3,395▲ 78.0%€1,560▼ 54.1%€2,310▲ 48.1%
Working capital€37,765within the sector's middle half▲ 31.1%€44,657within the sector's middle half▲ 18.3%€47,545within the sector's middle half▲ 6.5%€52,271within the sector's middle half▲ 9.9%€54,483within the sector's middle half▲ 4.2%
Solvency86.4%above the sector's middle half▼ 5.8pp95.9%above the sector's middle half▲ 9.5pp93.3%above the sector's middle half▼ 2.6pp97.1%above the sector's middle half▲ 3.8pp95.9%above the sector's middle half▼ 1.2pp
Current ratio6.84above the sector's middle half▼ 3.7624.42above the sector's middle half▲ 17.5715.00above the sector's middle half▼ 9.4134.51above the sector's middle half▲ 19.5024.59above the sector's middle half▼ 9.92
Return on assets (ROA)11.8%within the sector's middle half▲ 9.9pp7.6%within the sector's middle half▼ 4.2pp5.7%within the sector's middle half▼ 2.0pp8.8%within the sector's middle half▲ 3.1pp3.9%within the sector's middle half▼ 4.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
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 80% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €56,793
Equity
€54,483 ▲ 4.2%
Debt
€2,310 ▲ 48.1%
Debt's share of the balance-sheet total rises from 2.9% to 4.1%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.04▲
2024 · 0.03
ROE
4.1%▼
2024 · 9.0%
Debt ≤ 1 year
€2,310▲
2024 · €1,560
Income taxes
€750▼
2024 · €1,226
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 10,905 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,335 | €3,341 | - | - | - | - |
| Other operating charges640/8 | - | €450 | €457 | €914 | €520 | ▼ 43.2% |
| Gross operating margin9900 | €11,663 | €9,232 | €4,556 | €7,350 | €1,785 | ▼ 75.7% |
| Operating profit (loss)9901 | €7,879 | €5,442 | €4,100 | €6,436 | €1,265 | ▼ 80.3% |
| Financial income75/76B | - | - | - | €0 | €1,925 | ▲ 19,250,900% |
| Recurring financial income75 | - | - | - | €0 | €1,925 | ▲ 19,250,900% |
| Financial charges65/66B | - | €197 | €298 | €484 | €229 | ▼ 52.7% |
| Recurring financial charges65 | €457 | €197 | €298 | €484 | €229 | ▼ 52.7% |
| Profit (loss) for the period before taxes9903 | €7,423 | €5,246 | €3,802 | €5,953 | €2,961 | ▼ 50.3% |
| Income taxes67/77 | €1,796 | €1,694 | €915 | €1,226 | €750 | ▼ 38.8% |
| Profit (loss) for the period9904 | €5,627 | €3,552 | €2,887 | €4,727 | €2,211 | ▼ 53.2% |
| Profit (loss) for the period to be appropriated9905 | €5,627 | €3,552 | €2,887 | €4,727 | €2,211 | ▼ 53.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,568 | €46,564 | €50,940 | €53,831 | €56,793 | ▲ 5.5% |
| Fixed assets21/28 | €3,341 | - | - | - | - | - |
| Tangible fixed assets22/27 | €3,341 | - | - | - | - | - |
| Current assets29/58 | €44,228 | €46,564 | €50,940 | €53,831 | €56,793 | ▲ 5.5% |
| Amounts receivable within one year40/41 | €44,228 | €44,961 | €50,940 | €48,774 | €52,777 | ▲ 8.2% |
| Trade receivables40 | - | €14,055 | €14,053 | €11,797 | €15,789 | ▲ 33.8% |
| Other amounts receivable41 | - | €30,906 | €36,887 | €36,977 | €36,988 | = |
| Cash at bank and in hand54/58 | - | €1,603 | - | €5,057 | €4,016 | ▼ 20.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,568 | €46,564 | €50,940 | €53,831 | €56,793 | ▲ 5.5% |
| Equity10/15 | €41,105 | €44,657 | €47,545 | €52,271 | €54,483 | ▲ 4.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €22,505 | €26,057 | €28,945 | €33,671 | €35,883 | ▲ 6.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €24,197 | €27,085 | €31,811 | €34,023 | ▲ 7.0% |
| Amounts payable17/49 | €6,463 | €1,907 | €3,395 | €1,560 | €2,310 | ▲ 48.1% |
| Amounts payable within one year42/48 | €6,463 | €1,907 | €3,395 | €1,560 | €2,310 | ▲ 48.1% |
| Financial debts43 | - | - | €395 | - | - | - |
| Credit institutions430/8 | - | - | €395 | - | - | - |
| Trade debts44 | - | €242 | €420 | - | - | - |
| Suppliers440/4 | - | €242 | €420 | - | - | - |
| Taxes, remuneration and social security45 | - | €1,665 | €2,580 | €1,560 | €2,310 | ▲ 48.1% |
| Taxes450/3 | - | €1,665 | €2,580 | €1,560 | €2,310 | ▲ 48.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,627 | €3,552 | €2,887 | €4,727 | €2,211 | ▼ 53.2% |
| + Depreciation and write-downs630 | €3,335 | €3,341 | - | - | - | - |
| Operating cash flow (approximation) | €8,962 | €6,893 | €2,887 | €4,727 | €2,211 | ▼ 53.2% |
| Change in cash | - | - | - | - | -€1,042 | - |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 34.51
Current ratio from 15.00 to 34.51; short-term debt falls from €3,395 to €1,560.
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-06
Financial
Liquidity quadruplescurrent ratio 24.42
Current ratio from 6.84 to 24.42; short-term debt falls from €6,463 to €1,907.
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €737 ▼93.4%
Net result drops to €737, the lowest in the series; recovery starts the following year.
03-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
12-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Antwerpen · 1 establishment unit since 2012
Ground area
270 m²
Building footprint
106 m²
Volume, LiDAR
509 m³
Parcel 11382A0447/00E002, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hisar Bouwbedrijf
since 20122.208.944.475
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382A0447/00E002 | Flanders | 270 m² | 1 · 106 m² | 8.3 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.
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 13,143 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
Founded05-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
77320Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0845263443
Also
9925:BE0845263443
Registered
03-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.