Summary
HUMAR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €292,489 and a net result of €4,559. Equity remains stable across the filed financial years (±1.9% per year). Its solvency ranks better than 62% of 6,673 sector peers (NACE 64, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Equity
€292,489▲ 1.6%
2024 · €287,930
Net result
€4,559
2024 · -€4,801
Total assets
€458,200▼ 9.3%
2024 · €505,427
Solvency
63.8%▲ 6.9pp
2024 · 57.0%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 146% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€10,971
2025
Net result€4,559
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€458,200
2025
Equity€292,489
2025
Debt€165,711
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€73,514
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency63.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.67
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€18,285--€15,899▲ 13.1%-€2,250▲ 85.8%-€1,588▲ 29.4%€1,609€494▼ 69.3%€4,469▲ 805%€10,971▲ 146%
Net result-€23,088--€22,118▲ 4.2%-€7,104below the sector's middle half▲ 67.9%-€5,865below the sector's middle half▲ 17.4%-€2,689below the sector's middle half▲ 54.2%-€8,776below the sector's middle half▼ 226%-€4,801below the sector's middle half▲ 45.3%€4,559below the sector's middle half
Equity€339,284-€317,166▼ 6.5%€310,062within the sector's middle half▼ 2.2%€304,197within the sector's middle half▼ 1.9%€301,508within the sector's middle half▼ 0.9%€292,731within the sector's middle half▼ 2.9%€287,930within the sector's middle half▼ 1.6%€292,489within the sector's middle half▲ 1.6%
Total assets€854,762-€775,640▼ 9.3%€735,396within the sector's middle half▼ 5.2%€666,919within the sector's middle half▼ 9.3%€604,510below the sector's middle half▼ 9.4%€562,505below the sector's middle half▼ 6.9%€505,427below the sector's middle half▼ 10.1%€458,200below the sector's middle half▼ 9.3%
Debt€515,478-€458,474▼ 11.1%€425,334▼ 7.2%€362,723▼ 14.7%€303,002▼ 16.5%€269,773▼ 11.0%€217,497▼ 19.4%€165,711▼ 23.8%
Working capital-€59,042--€63,796▼ 8.1%-€28,728within the sector's middle half▲ 55.0%-€24,583within the sector's middle half▲ 14.4%-€4,846within the sector's middle half▲ 80.3%€21,179within the sector's middle half€24,735within the sector's middle half▲ 16.8%€73,514within the sector's middle half▲ 197%
Solvency39.7%-40.9%▲ 1.2pp42.2%within the sector's middle half▲ 1.3pp45.6%within the sector's middle half▲ 3.4pp49.9%within the sector's middle half▲ 4.3pp52.0%within the sector's middle half▲ 2.2pp57.0%within the sector's middle half▲ 4.9pp63.8%within the sector's middle half▲ 6.9pp
Current ratio0.14-0.03▼ 0.110.53within the sector's middle half▲ 0.500.58within the sector's middle half▲ 0.050.87within the sector's middle half▲ 0.291.52within the sector's middle half▲ 0.651.47within the sector's middle half▼ 0.053.67above the sector's middle half▲ 2.20
Return on assets (ROA)-2.7%--2.9%▼ 0.2pp-1.0%below the sector's middle half▲ 1.9pp-0.9%below the sector's middle half▲ 0.1pp-0.4%below the sector's middle half▲ 0.4pp-1.6%below the sector's middle half▼ 1.1pp-0.9%below the sector's middle half▲ 0.6pp1.0%within the sector's middle half▲ 1.9pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €458,200
Fixed assets
€357,108 ▼ 16.5%
Current assets
€101,092 ▲ 30.2%
Equity and liabilities €458,200
Equity
€292,489 ▲ 1.6%
Debt
€165,711 ▼ 23.8%
Debt's share of the balance-sheet total falls from 43.0% to 36.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.6%▲
2024 · -1.7%
Debt ≤ 1 year
€27,578▼
2024 · €52,930
Debt > 1 year
€137,212▼
2024 · €162,165
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74,510 | €74,213 | €70,583 | €70,343 | €70,556 | €72,443 | €72,443 | €70,654 | ▼ 2.5% |
| Other operating charges640/8 | - | - | - | €5,451 | €5,037 | €6,213 | €6,444 | €6,540 | ▲ 1.5% |
| Gross operating margin9900 | €61,293 | €63,465 | €73,751 | €74,207 | €77,203 | €79,150 | €83,356 | €88,165 | ▲ 5.8% |
| Operating profit (loss)9901 | -€18,285 | -€15,899 | -€2,250 | -€1,588 | €1,609 | €494 | €4,469 | €10,971 | ▲ 146% |
| Financial income75/76B | - | - | - | €580 | €211 | €273 | €581 | €425 | ▼ 26.7% |
| Recurring financial income75 | €2,082 | €148 | €596 | €580 | €211 | €273 | €581 | €425 | ▼ 26.7% |
| Financial charges65/66B | - | - | - | €4,858 | €4,510 | €9,543 | €9,851 | €6,837 | ▼ 30.6% |
| Recurring financial charges65 | €6,885 | €6,367 | €5,450 | €4,858 | €4,510 | €9,543 | €9,851 | €6,837 | ▼ 30.6% |
| Profit (loss) for the period before taxes9903 | -€23,088 | -€22,118 | -€7,104 | -€5,865 | -€2,689 | -€8,776 | -€4,801 | €4,559 | - |
| Profit (loss) for the period9904 | -€23,088 | -€22,118 | -€7,104 | -€5,865 | -€2,689 | -€8,776 | -€4,801 | €4,559 | - |
| Profit (loss) for the period to be appropriated9905 | -€23,088 | -€22,118 | -€7,104 | -€5,865 | -€2,689 | -€8,776 | -€4,801 | €4,559 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €854,762 | €775,640 | €735,396 | €666,919 | €604,510 | €562,505 | €505,427 | €458,200 | ▼ 9.3% |
| Fixed assets21/28 | €845,121 | €773,632 | €703,049 | €632,705 | €572,649 | €500,206 | €427,763 | €357,108 | ▼ 16.5% |
| Tangible fixed assets22/27 | €845,121 | €773,632 | €703,049 | €632,705 | €572,649 | €500,206 | €427,763 | €357,108 | ▼ 16.5% |
| Land and buildings22 | - | - | - | €632,705 | €572,649 | €500,206 | €427,763 | €357,108 | ▼ 16.5% |
| Current assets29/58 | €9,641 | €2,008 | €32,347 | €34,214 | €31,861 | €62,299 | €77,665 | €101,092 | ▲ 30.2% |
| Amounts receivable within one year40/41 | €7,317 | - | €9,734 | €14,072 | €21,546 | €22,000 | €27,104 | €28,457 | ▲ 5.0% |
| Trade receivables40 | - | - | - | - | €2,668 | €1,312 | - | - | - |
| Other amounts receivable41 | - | - | - | €14,072 | €18,878 | €20,688 | €27,104 | €28,457 | ▲ 5.0% |
| Cash at bank and in hand54/58 | €2,324 | €2,008 | €22,614 | €20,141 | €6,959 | €40,299 | €50,560 | €70,478 | ▲ 39.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,355 | - | - | €2,157 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €854,762 | €775,640 | €735,396 | €666,919 | €604,510 | €562,505 | €505,427 | €458,200 | ▼ 9.3% |
| Equity10/15 | €339,284 | €317,166 | €310,062 | €304,197 | €301,508 | €292,731 | €287,930 | €292,489 | ▲ 1.6% |
| Contributions10/11 | €484,000 | €484,000 | - | €484,000 | €484,000 | €484,000 | €484,000 | €484,000 | = |
| Reserves13 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €5,000 | €5,000 | - | - | - | - |
| Other1319 | - | - | - | €5,000 | €5,000 | - | - | - | - |
| Distributable reserves133 | - | - | - | €20,000 | €20,000 | €25,000 | - | - | - |
| Profit (loss) carried forward14 | -€169,716 | -€191,834 | -€198,938 | -€204,803 | -€207,492 | -€216,269 | -€196,070 | -€191,511 | ▲ 2.3% |
| Amounts payable17/49 | €515,478 | €458,474 | €425,334 | €362,723 | €303,002 | €269,773 | €217,497 | €165,711 | ▼ 23.8% |
| Amounts payable after more than one year17 | €446,794 | €392,670 | €364,259 | €303,926 | €266,296 | €228,654 | €162,165 | €137,212 | ▼ 15.4% |
| Financial debts170/4 | - | - | - | €274,196 | €235,722 | €196,860 | €162,165 | €137,212 | ▼ 15.4% |
| Other amounts payable178/9 | - | - | - | €29,729 | €30,574 | €31,794 | - | - | - |
| Amounts payable within one year42/48 | €68,684 | €65,804 | €61,076 | €58,797 | €36,706 | €41,119 | €52,930 | €27,578 | ▼ 47.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €58,193 | €36,344 | €38,862 | €39,282 | €26,309 | ▼ 33.0% |
| Trade debts44 | €6,554 | - | - | - | - | €1,735 | €582 | €203 | ▼ 65.1% |
| Suppliers440/4 | - | - | - | - | - | €1,735 | €582 | €203 | ▼ 65.1% |
| Taxes, remuneration and social security45 | - | - | - | €368 | €362 | €523 | €467 | €140 | ▼ 70.0% |
| Taxes450/3 | - | - | - | €368 | €362 | €523 | €467 | €140 | ▼ 70.0% |
| Other amounts payable47/48 | - | - | - | €236 | - | - | €12,599 | €926 | ▼ 92.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €2,402 | €922 | ▼ 61.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,088 | -€22,118 | -€7,104 | -€5,865 | -€2,689 | -€8,776 | -€4,801 | €4,559 | - |
| + Depreciation and write-downs630 | €74,510 | €74,213 | €70,583 | €70,343 | €70,556 | €72,443 | €72,443 | €70,654 | ▼ 2.5% |
| Operating cash flow (approximation) | €51,422 | €52,096 | €63,479 | €64,478 | €67,867 | €63,667 | €67,642 | €75,213 | ▲ 11.2% |
| Investment in fixed assets (approximation) | - | -€2,724 | €0 | €0 | -€10,500 | €0 | €0 | €0 | - |
| Change in cash | - | -€315 | €20,605 | -€2,472 | -€13,183 | €33,340 | €10,261 | €19,917 | ▲ 94.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-07-2026 | 2026-00251018 |
| 31-12-2024 | abbreviated format | 03-07-2025 | 2025-00250282 |
| 31-12-2023 | abbreviated format | 02-07-2024 | 2024-00194906 |
| 31-12-2022 | abbreviated format | 07-07-2023 | 2023-00213627 |
| 31-12-2021 | abbreviated format | 08-07-2022 | 2022-20161878 |
| 31-12-2020 | abbreviated format | 05-08-2021 | 2021-46400581 |
| 31-12-2019 | abbreviated format | 24-08-2020 | 2020-45800431 |
| 31-12-2018 | abbreviated format | 04-07-2019 | 2019-29100363 |
| 31-12-2017 | abbreviated format | 04-07-2018 | 2018-28800035 |
| 31-12-2016 | micro format | 07-07-2017 | 2017-29100105 |
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Of the 24,456 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,093. 13,946 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.