Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HIEVAM from Oudenburg, company number BE0778786472, closed financial year 2025 with a result of € -210,513 after tax. For that financial year HIEVAM recorded a gross margin of € 664,238 and equity of € -495,436. Compared with financial year 2024, the result moved from € 110,372 to € -210,513. The company made a loss. 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 14, 2026.
€ -495,436
▼ € 210,513 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -210,513
▼ still € 110,372 profit in 2024
Profit after tax over the fiscal year.
€ 112,597
▼ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -566,865.
People and assets in 2025
12.1
▲ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 809,045
▲ 46% vs 2024
€ 66,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 48,575
▼ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 146,341
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 151,780
▲ 127% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 29,672 | € 659,599 | € 723,525 | € 664,238 | ▼ 8% |
| Profit after taxes | € -342,634 | € -124,090 | € 110,372 | € -210,513 | ▼ € 320,884 |
| Equity | € -271,205 | € -395,295 | € -284,923 | € -495,436 | ▼ € 210,513 |
| Total debts | € 641,797 | € 788,845 | € 761,283 | € 794,592 | ▲ 4% |
| Cash | € 11,327 | € 31,893 | € 116,987 | € 112,597 | ▼ 4% |
| Retained profit | € -342,634 | € -466,724 | € -356,352 | € -566,865 | ▼ € 210,513 |
| Bank debt | € 400,000 | € 266,667 | € 133,333 | € 0 | ▼ 100% |
| Balance sheet total | € 370,592 | € 393,551 | € 476,360 | € 299,156 | ▼ 37% |
| Employees (FTE) | 8.4 | 11.2 | 8.9 | 12.1 | ▲ 3.2 |
Key figures of HIEVAM, 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 HIEVAM?
What happened at HIEVAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 210,513 (▼ € 320,884 vs 2024). Source: NBB ↗
- New establishment in Oostende. KBO
- New establishment in Oudenburg. KBO
- Start of the company according to the CBE. KBO
In short
From € 342,634 loss in 2022 to € 210,513 loss in 2025.
Paid € 63 in corporate taxes since 2022.
Best year ever: 2024, with € 110,372 profit.
On average € 54,900 of value added per employee in 2025.
Management
The stake of WISH FOOD, KEIGNAERT INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HIEVAMBehind HIEVAM are Moremi BV and Wish Food BV. The shares are held by WISH FOOD (70%) and KEIGNAERT INVEST (30%).
Directors
According to the 2025 annual accounts
Director · represented by Willem Hiele
Shareholders
70%
30%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kapittelstraat 71
8460 Oudenburg
Nieuwstraat 14
8400 Oostende
Active since 12 December 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0778.786.472
- VAT number
- BE 0778.786.472
- Registered office
- Kapittelstraat 71, 8460 Oudenburg
- Names & denominations
- HIEVAM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 2021
- Peppol
- Active · Active since 17 May 2025
- Activities · NACE
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