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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
HIMACO from Herselt, company number BE0445018479, closed financial year 2025 with a result of € 2,760 after tax. For that financial year HIMACO recorded a gross margin of € 33,961 and equity of € -22,172. Compared with financial year 2024, the result moved from € 1,779 to € 2,760. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ -22,172
▲ € 2,760 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,760
▲ 55% vs 2024
Profit after tax over the fiscal year.
€ 2,015
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -51,115.
Debts at end 2025
€ 483,108
▼ 5% vs 2024
€ 24,541 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 3,464
Supplier invoices still open on the last day of the fiscal year.
€ 7,079
▲ 38% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 31,787 | € 33,572 | € 35,737 | € 33,961 | ▼ 5% |
| Profit after taxes | € -10,984 | € -2,241 | € 1,779 | € 2,760 | ▲ 55% |
| Equity | € -24,470 | € -26,710 | € -24,932 | € -22,172 | ▲ € 2,760 |
| Total debts | € 832,701 | € 824,671 | € 515,655 | € 493,651 | ▼ 4% |
| Cash | € 4,296 | € 367 | € 3,072 | € 2,015 | ▼ 34% |
| Land & buildings | € 237,267 | € 216,693 | € 196,119 | € 175,546 | ▼ 10% |
| Retained profit | € -302,849 | € -305,090 | € -303,311 | € -51,115 | ▲ € 252,196 |
| Bank debt | € 553,249 | € 530,435 | € 507,059 | € 483,108 | ▼ 5% |
| Balance sheet total | € 808,231 | € 797,961 | € 490,723 | € 471,479 | ▼ 4% |
Key figures of HIMACO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HIMACO?
What happened at HIMACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,760 (▲ 55% vs 2024). Source: NBB ↗
- New establishment in Herselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,984 loss in 2022 to € 2,760 profit in 2025.
Paid € 11,902 in corporate taxes since 2022.
Best year ever: 2025, with € 2,760 profit.
Management
The stake of VLINVESTA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HIMACOBehind HIMACO are VLINVESTA NV and Christiane Heylen. The shares are held by VLINVESTA (100%).
Directors
According to the 2025 annual accounts
Director · represented by Johan Van Loo
Also active at: Recim2, VAN LOO PROJECTS, RUMSTSE METAALHANDEL, M.S.C.A.C., RUPELPARK, Delen's Bowling, Erwin Verbraeken, CADI +24 more
Christiane Heylen
Director
Also active at: Recim2, VAN LOO PROJECTS, RUMSTSE METAALHANDEL, M.S.C.A.C., RUPELPARK, Delen's Bowling, Erwin Verbraeken, GROEP WOUTERS +24 more
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Houtvensesteenweg(RAM) 113
2230 Herselt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.018.479
- VAT number
- BE 0445.018.479
- Registered office
- Houtvensesteenweg(RAM) 113, 2230 Herselt
- Names & denominations
- HIMACO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 September 1991
- Peppol
- Active · Active since 6 Jan 2026