Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
HISIM from Waterloo, company number BE0441224987, closed financial year 2026 with a result of € -289,890 after tax. For that financial year HISIM recorded a gross margin of € 119,703 and equity of € 1.9 million. Compared with financial year 2025, the result moved from € 32,500 to € -289,890. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2026.
€ 1.9 million
▼ 13% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -289,890
▼ still € 32,500 profit in 2025
Profit after tax over the fiscal year.
€ 17,231
▼ 77% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.6 million.
Debts at end 2026
€ 45,000
Loans from banks and other lenders, long and short.
€ 49,771
▲ € 49,713 vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 109,693 | - | - | - | |
| Gross margin | € 82,252 | € 86,996 | € 88,140 | € 119,703 | ▲ 36% |
| Profit after taxes | € -7,223 | € 5,703 | € 32,500 | € -289,890 | ▼ € 322,390 |
| Equity | € 2,162,534 | € 2,168,238 | € 2,200,737 | € 1,910,847 | ▼ 13% |
| Total debts | € 3,786 | € 7,586 | € 22,551 | € 100,204 | ▲ € 77,653 |
| Cash | € 64,035 | € 48,008 | € 73,562 | € 17,231 | ▼ 77% |
| Land & buildings | € 1,725,769 | € 1,739,885 | € 2,207,639 | € 2,119,599 | ▼ 4% |
| Retained profit | € 1,862,534 | € 1,868,238 | € 1,900,737 | € 1,610,847 | ▼ 15% |
| Bank debt | € 0 | € 0 | € 0 | € 45,000 | |
| Balance sheet total | € 2,345,089 | € 2,351,231 | € 2,398,697 | € 2,183,124 | ▼ 9% |
Key figures of HISIM, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 30 January 2028.
What happened to HISIM?
What happened at HISIM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 289,890 (▼ € 322,390 vs 2025). Source: NBB ↗
- Kathrin WENDEL became a director. NBB
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,223 loss in 2023 to € 289,890 loss in 2026.
Paid € 17,401 in corporate taxes since 2023.
Best year ever: 2025, with € 32,500 profit.
Management
Behind HISIM are Kathrin WENDEL and Klaus WENDEL.
Directors
According to the 2026 annual accounts
Kathrin WENDEL
Administrator-manager
since 2019
Klaus WENDEL
Administrator-manager
Establishments
Establishment units
Physical locations of this company
Allée des Artistes 6 box 1.1
1410 Waterloo
Avenue du Vert Bocage 38
1410 Waterloo
Active since 10 August 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.224.987
- VAT number
- BE 0441.224.987
- Registered office
- Allée des Artistes 6 bus 1.1, 1410 Waterloo
- Names & denominations
- HISIM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 1990
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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