Humco
ActiveThe computed 12-month bankruptcy probability of Humco is 1.7% (moderate). The 2025 annual accounts show equity of €180k and a net result of €75k. Equity is growing by ~39.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 1027 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+7
Solvency46▲+9
Growth78=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.98 in 2024; short-term debt: 60.5% and cash: 13.1% of total assets), and 78.5% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 25
Relative position
BE, all sectors
reference
Sector 25
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
21.5%
Return on assets
9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1027 sector peers (2025).
NBB · sector comparisonPosition among 1027 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
1 d early
2022
6 d early
← before the deadline
after the deadline →
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 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€180k▲ 72.2%
2024 · €105k
2022: €68k
2023: €75k
2024: €105k
2022 → 2025
Total assets
€838k▼ 7.4%
2024 · €905k
2022: €702k
2023: €790k
2024: €905k
2022 → 2025
Net result
€75k▲ 153%
2024 · €30k
2022: €18k
2023: €7k
2024: €30k
2022 → 2025
Working capital
€7k
2024 · €-14k
2022: €66k
2023: €-15k
2024: €-14k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€68k-€75k▲ 10.7%€105k▲ 39.9%€180k▲ 72.2%
Operating result€37k-€24k▼ 35.6%€56k▲ 135%€111k▲ 99.2%
Net result€18k-€7k▼ 58.9%€30k▲ 314%€75k▲ 153%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 99% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €800k
Fixed assets
€287k▲ 1.1%
Current assets
€514k▼ 11.1%
Equity and liabilities €838k
Equity
€180k▲ 72.2%
Debt
€658k▼ 17.8%
The debt ratio falls from 88.4% to 78.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€182k▲
2024 · €136k
Cash flow
€147k▲
2024 · €111k
Solvency
21.5%▲
2024 · 11.6%
Current ratio
1.01▲
2024 · 0.98
Quick ratio
0.67▲
2024 · 0.61
Debt / equity
3.65▼
2024 · 7.66
ROE
41.9%▲
2024 · 28.5%
ROA
9.0%▲
2024 · 3.3%
Interest coverage
12.49▲
2024 · 7.89
Debt
€658k▼
2024 · €800k
Debt ≤ 1 year
€507k▼
2024 · €592k
Debt > 1 year
€141k▼
2024 · €198k
Income taxes
€21k▲
2024 · €9k
Staff costs
€317k▼
2024 · €370k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€905k€838k▼
Formation expenses20€44k€37k▼
Fixed assets21/28€284k€287k▲
Intangible fixed assets21€101k€155k▲
Tangible fixed assets22/27€182k€131k▼
Plant, machinery and equipment23€81k€42k▼
Furniture and vehicles24€911-
Leasing and similar rights25€101k€89k▼
Financial fixed assets28€363€363=
Current assets29/58€578k€514k▼
Stocks and contracts in progress3€216k€174k▼
Stocks30/36€66k€47k▼
Contracts in progress37€150k€127k▼
Amounts receivable within one year40/41€285k€230k▼
Trade receivables40€236k€183k▼
Other amounts receivable41€49k€47k▼
Cash at bank and in hand54/58€76k€110k▲
Deferred charges and accrued income490/1€124€0▼
Equity and liabilities
Total equity and liabilities10/49€905k€838k▼
Equity10/15€105k€180k▲
Contributions10/11€50k€50k=
Reserves13€18k€18k=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14€37k€112k▲
Amounts payable17/49€800k€658k▼
Amounts payable after more than one year17€198k€141k▼
Financial debts170/4€198k€141k▼
Amounts payable within one year42/48€592k€507k▼
Current portion of amounts payable after more than one year42€94k€85k▼
Financial debts43€125k€145k▲
Credit institutions430/8€125k€145k▲
Trade debts44€312k€237k▼
Suppliers440/4€312k€237k▼
Taxes, remuneration and social security45€47k€39k▼
Taxes450/3€9k€0▼
Remuneration and social security454/9€38k€39k▲
Other amounts payable47/48€14k-
Accrued charges and deferred income492/3€10k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€370k€317k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€71k▼
Other operating charges640/8€8k€9k▲
Gross operating margin9900€515k€508k▼
Operating profit (loss)9901€56k€111k▲
Financial charges65/66B€17k€15k▼
Recurring financial charges65€17k€15k▼
Profit (loss) for the period before taxes9903€38k€96k▲
Income taxes67/77€9k€21k▲
Profit (loss) for the period9904€30k€75k▲
Profit (loss) for the period to be appropriated9905€30k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€112k▲
Profit (loss) brought forward from the previous period14P€7k€37k▲
Social balance
Average headcount (FTE)90876.66.6=
The notes to these accounts (11 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2022net €75k ▲153%
Operating result €111k, net result €75k, both a record.
30-06
Financial
Equity above €150kEq €180k ▲72.2%
4 profitable years in a row build equity to €180k.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €100kEq €105k ▲39.9%
3 profitable years in a row build equity to €105k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €7k ▼58.9%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Bilzen-Hoeselt · 1 establishment unit since 2021
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.
Twaalfbunderweg 103740 Bilzen-HoeseltGround area
1.1 ha
Building footprint
3,639 m²
Parcel 73006A0089/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Humco
since 20212.312.990.437
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006A0089/00A000 | Flanders | 1.1 ha | 1 · 3,639 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 4 entries · 3,626 EUR awarded · 3,626 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 565 EUR | 565 EUR |
| 2023 | 2 | 3,061 EUR | 3,061 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Similar companies · same sector, comparable size
GEURTS CORP.
BE 0769.988.968
Bassenge · Eq €180k
DE RYCKE METAALCONSTRUCTIES
BE 0643.670.422
Beveren-Kruibeke-Zwijndrecht · Eq €181k
WL TECHNICS
BE 0644.698.919
Tielt · Eq €181k
FERRONNERIE VAN HOLLE
BE 0765.869.537
Courcelles · Eq €179k
VAN DE CAPPELLE PHILIP
BE 0878.568.986
Brugge · Eq €181k
Of 984 companies in sector 25401 we hold annual accounts for 407. 329 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-02-2021
Fiscal year end30-06
Activities, NACEBEL
25401Forging of metal
25530Machining of metals
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
25402Manufacture of fabricated metal products, except machinery and equipment
25502Manufacture of fabricated metal products, except machinery and equipment
25940Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.