HISIM
ActiveHISIM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.91M and a net result of €-290k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 78% of 92 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability2▼-68
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity short (current ratio 0.29 against 16.27 in 2025; short-term debt: 4.3% and cash: 0.8% of total assets), and 12.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 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 2026Solvency, return and age of the figures
Solvency
87.5%
Return on assets
-13.3%
Age of the figures
3 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 20-08-2026, 164 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
164 d early
2025
165 d early
2024
158 d early
2023
153 d early
2022
168 d early
2020
167 d early
2018
168 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-06-2027 close31-01-2028 deadline
Financials · fiscal year 2026, abbreviated schema
Turnover
€110k
EBIT margin
-0.4%
Net result
€-290k
2025 · €32k
2020: €68k
2022: €541k
2023: €-7k
2024: €6k
2025: €32k
2020 → 2026
Working capital
€-67k
2025 · €150k
2020: €127k
2022: €922k
2024: €549k
2025: €150k
2020 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Turnover€110k
Equity€2.17M-€2.16M▼ 0.3%€2.17M▲ 0.3%€2.20M▲ 1.5%€1.91M▼ 13.2%
Operating result€708k-€-431€-4k▼ 791%€-12k▼ 221%€-294k▼ 2,276%
Net result€541k-€-7k€6k€32k▲ 470%€-290k
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 stays negative: a loss of €294k in 2026 against €12k in 2025; the loss grows and 2026 has the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €2.18M
Fixed assets
€2.16M▼ 3.7%
Current assets
€28k▼ 82.7%
Equity and liabilities €2.18M
Equity
€1.91M▼ 13.2%
Provisions
€172k▼ 1.9%
Debt
€100k▲ 344%
The debt ratio rises from 0.9% to 4.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-201k▼
2025 · €75k
Cash flow
€-198k▼
2025 · €120k
Solvency
87.5%▼
2025 · 91.7%
Current ratio
0.29▼
2025 · 16.27
Quick ratio
0.29▼
2025 · 16.27
Debt / equity
0.05▲
2025 · 0.01
ROE
-15.2%▼
2025 · 1.5%
ROA
-13.3%▼
2025 · 1.4%
Interest coverage
-4475.73▼
2025 · 1470.79
Debt
€100k▲
2025 · €23k
Debt ≤ 1 year
€95k▲
2025 · €10k
Income taxes
€206▼
2025 · €12k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€2.40M€2.18M▼
Fixed assets21/28€2.24M€2.16M▼
Tangible fixed assets22/27€2.23M€2.14M▼
Land and buildings22€2.21M€2.12M▼
Plant, machinery and equipment23€19k€24k▲
Furniture and vehicles24€183-
Financial fixed assets28€12k€12k=
Current assets29/58€160k€28k▼
Amounts receivable within one year40/41€26k€10k▼
Other amounts receivable41€26k€10k▼
Current investments50/53€60k-
Cash at bank and in hand54/58€74k€17k▼
Equity and liabilities
Total equity and liabilities10/49€2.40M€2.18M▼
Equity10/15€2.20M€1.91M▼
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Reserves13€556k€546k▼
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Tax-exempt reserves132€526k€516k▼
Profit (loss) carried forward14€1.34M€1.06M▼
Provisions and deferred taxes16€175k€172k▼
Deferred taxes168€175k€172k▼
Amounts payable17/49€23k€100k▲
Amounts payable within one year42/48€10k€95k▲
Financial debts43-€45k
Other loans439-€45k
Trade debts44€58€50k▲
Suppliers440/4€58€50k▲
Taxes, remuneration and social security45€10k-
Taxes450/3€10k-
Accrued charges and deferred income492/3€13k€5k▼
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€92k▲
Other operating charges640/8€13k€14k▲
Non-recurring operating charges66A-€308k
Gross operating margin9900€88k€120k▲
Operating profit (loss)9901€-12k€-294k▼
Financial income75/76B€57k€601▼
Recurring financial income75€6k€601▼
Non-recurring financial income76B€50k-
Financial charges65/66B€51€45▼
Recurring financial charges65€51€45▼
Profit (loss) for the period before taxes9903€44k€-293k▼
Transfer from deferred taxes780-€3k
Income taxes67/77€12k€206▼
Profit (loss) for the period9904€32k€-290k▼
Transfer from tax-exempt reserves789-€10k
Profit (loss) for the period to be appropriated9905€32k€-280k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.34M€1.06M▼
Profit (loss) brought forward from the previous period14P€1.31M€1.34M▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-290k ▼992%
Net result drops to €-290k, the lowest in the series.
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2020net €541k ▲698%
Operating result €708k, net result €541k, both a record.
30-06
Financial
Liquidity times 6current ratio 1244.19
Current ratio from 206.32 to 1244.19.
30-06
Financial
Equity above €2MEq €2.17M ▲33.5%
2 profitable years in a row build equity to €2.17M.
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2014
19-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Waterloo · 1 establishment unit since 1990
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.
Allée des Artistes 61410 WaterlooGround area
5,796 m²
Building footprint
182 m²
Volume, LiDAR
1,125 m³
2 parcels, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HISIM SA
since 19902.049.141.925
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762G0500/00H000 | Wallonia | 4,917 m² | - | - |
| 25762H0281/00C002 | Wallonia | 879 m² | 1 · 182 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
GESTINSURE
BE 0455.524.569
Sint-Pieters-Woluwe · Eq €1.91M
FRASK VASTGOEDONTWIKKELING
BE 0453.407.001
Oostende · Eq €1.91M
Immo De Backer
BE 0421.158.756
Sint-Niklaas · Eq €1.91M
IMMO T
BE 0563.833.086
Merelbeke-Melle · Eq €1.91M
G.C. VALECO
BE 0447.441.402
Aywaille · Eq €1.91M
Of 11,750 companies in sector 68310 we hold annual accounts for 6,907. 2,836 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-06-1990
Fiscal year end30-06
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.