HIWA
ActiveSummary
HIWA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127k and a net result of €7k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 46 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 12.1 against 13.44 in 2024; short-term debt: 7% and cash: 0% of total assets), and 7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 30
Relative position
BE, all sectors
reference
Sector 30
higher
← 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
93%
Return on assets
5%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
on the day
2023
on the day
2022
on the day
2021
23 d late
2020
18 d late
2019
44 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€127k▲ 5.6%
2024 · €120k
2019: €89k
2020: €100k
2021: €106k
2022: €107k
2023: €114k
2024: €120k
2019 → 2025
Total assets
€137k▲ 6.5%
2024 · €128k
2019: €96k
2020: €108k
2021: €117k
2022: €118k
2023: €126k
2024: €128k
2019 → 2025
Net result
€7k▲ 3.6%
2024 · €7k
2019: €7k
2020: €11k
2021: €6k
2022: €1k
2023: €7k
2024: €7k
2019 → 2025
Working capital
€106k▲ 6.8%
2024 · €100k
2019: €67k
2020: €78k
2021: €85k
2022: €86k
2023: €93k
2024: €100k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€107k▲ 1.4%€114k▲ 6.1%€120k▲ 5.7%€127k▲ 5.6%
Operating result€5k-€-251€9k€7k▼ 17.5%€7k▼ 2.4%
Net result€6k-€1k▼ 74.9%€7k▲ 354%€7k▲ 0.4%€7k▲ 3.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€21k =
Current assets
€116k ▲ 7.8%
Equity and liabilities €137k
Equity
€127k ▲ 5.6%
Debt
€10k ▲ 19.7%
Debt's share of the balance-sheet total rises from 6.2% to 7.0%. Equity and debt are higher.
Key figures and ratios
Current ratio
12.10▼
2024 · 13.44
Debt to equity
0.08▲
2024 · 0.07
ROE
5.3%▼
2024 · 5.4%
ROA
5.0%▼
2024 · 5.1%
Debt ≤ 1 year
€10k▲
2024 · €8k
Income taxes
€3k▼
2024 · €3k
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€128k€137k▲
Fixed assets21/28€21k€21k=
Tangible fixed assets22/27€21k€21k=
Land and buildings22€21k€21k=
Current assets29/58€108k€116k▲
Amounts receivable within one year40/41€106k€114k▲
Other amounts receivable41€106k€114k▲
Cash at bank and in hand54/58€5€2▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€128k€137k▲
Equity10/15€120k€127k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€52k€59k▲
Amounts payable17/49€8k€10k▲
Amounts payable within one year42/48€8k€10k▲
Trade debts44€6k€7k▲
Suppliers440/4€6k€7k▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Income statement
Code20242025
Other operating charges640/8€3k€3k▲
Gross operating margin9900€11k€11k▼
Operating profit (loss)9901€7k€7k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€40€64▲
Recurring financial charges65€40€64▲
Profit (loss) for the period before taxes9903€9k€9k▲
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€7k€7k▲
Profit (loss) for the period to be appropriated9905€7k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€52k€59k▲
Profit (loss) brought forward from the previous period14P€46k€52k▲
The notes to these accounts (2 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 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €1k ▼74.9%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
18-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
30-06
Financial
Highest result since 2019net €11k ▲64.1%
Operating result €14k, net result €11k, both a record.
30-06
Financial
Equity above €100kEq €100k ▲12.9%
2 profitable years in a row build equity to €100k.
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
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.
Directors · office · real estate
Directors
4 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, Vilvoorde · 1 establishment unit since 1987
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.
Leuvensestraat 541800 VilvoordeGround area
255 m²
Building footprint
255 m²
Volume, LiDAR
2,356 m³
2 parcels, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HIWA
since 19872.029.738.559
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23642D0665/00L000 | Flanders | 131 m² | 1 · 131 m² | 15.3 m · 4 fl. |
| 23642D0685/00F000 | Flanders | 124 m² | 1 · 124 m² | 15.0 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
VAN EYNDE CHRIS
BE 0878.265.912
Putte · Eq €107k
CECON Systems
BE 0722.820.145
Lede · Eq €194k
ENTREPRISES BUSTO
BE 0436.049.345
Wavre · Eq €287k
TRAPO BELGIUM
BE 0428.905.888
Jabbeke · Eq €687k
PLAKONI PROJECTS
BE 0867.767.047
Genk · Eq €850k
Of 24 companies in sector 30990 we hold annual accounts for 13. 7 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-06-1987
Fiscal year end30-06
Activities, NACEBEL 2025
30990Manufacture of other transport equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.