GHIMAR
ActiveGHIMAR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.10M and a net result of €-894k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 16% of 639 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability10▼-39
Solvency41▼-10
Growth33▼-13
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days only on tighter terms
Liquidity short (current ratio 0.39 against 0.79 in 2023; short-term debt: 24.8% and cash: 0% of total assets), and 84.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Sector 87
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15.7%
Return on assets
-6.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-894k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 639 sector peers (2024).
NBB · sector comparisonPosition among 639 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-12-2025, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
152 d late
2023
68 d late
2022
115 d late
2021
89 d late
2020
137 d late
2019
146 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€3.46M▲ 0.2%
2021 · €3.46M
2021: €3.46M
2021 → 2023
EBIT margin
-8.9%▼ 12.3pp
2021 · 3.4%
2021: 3.4%
2021 → 2023
Net result
€-894k▼ 140%
2023 · €-373k
2018: €212k
2019: €115k
2020: €255k
2021: €105k
2022: €-51k
2023: €-373k
2018 → 2024
Working capital
€-2.03M▼ 406%
2023 · €-400k
2018: €893k
2019: €756k
2020: €1.08M
2021: €256k
2022: €160k
2023: €-400k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€3.46M€3.46M
Equity€3.31M-€3.42M▲ 3.2%€3.37M▼ 1.5%€2.99M▼ 11.1%€2.10M▼ 29.9%
Operating result€339k-€117k▼ 65.5%€180▼ 99.8%€-308k€-785k▼ 155%
Net result€255k-€105k▼ 59.1%€-51k€-373k▼ 630%€-894k▼ 140%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €785k in 2024 against €308k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13.35M
Fixed assets
€12.06M▲ 21.1%
Current assets
€1.28M▼ 14.9%
Equity and liabilities €13.35M
Equity
€2.10M▼ 29.9%
Debt
€11.25M▲ 32.7%
The debt ratio rises from 73.9% to 84.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2023 · €305k
Cash flow
€-121k▼
2023 · €240k
Solvency
15.7%▼
2023 · 26.1%
Current ratio
0.39▼
2023 · 0.79
Quick ratio
0.39▼
2023 · 0.79
Debt / equity
5.36▲
2023 · 2.83
ROE
-42.6%▼
2023 · -12.5%
ROA
-6.7%▼
2023 · -3.3%
Interest coverage
-0.08▼
2023 · 3.79
Debt
€11.25M▲
2023 · €8.48M
Debt ≤ 1 year
€3.31M▲
2023 · €1.91M
Debt > 1 year
€7.85M▲
2023 · €6.57M
Income taxes
€7k▼
2023 · €9k
Staff costs
€2.39M▲
2023 · €2.20M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€11.47M€13.35M▲
Fixed assets21/28€9.96M€12.06M▲
Tangible fixed assets22/27€9.96M€12.06M▲
Land and buildings22€9.79M€11.85M▲
Plant, machinery and equipment23€99k€99k▲
Furniture and vehicles24€74k€116k▲
Financial fixed assets28€69€69=
Current assets29/58€1.51M€1.28M▼
Amounts receivable after more than one year29€550k€563k▲
Other amounts receivable291€550k€563k▲
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€952k€716k▼
Trade receivables40€504k€250k▼
Other amounts receivable41€448k€465k▲
Cash at bank and in hand54/58€3k€432▼
Equity and liabilities
Total equity and liabilities10/49€11.47M€13.35M▲
Equity10/15€2.99M€2.10M▼
Contributions10/11€745k€745k=
Capital10€745k€745k=
Issued capital100€745k€745k=
Reserves13€2.49M€2.49M=
Non-distributable reserves130/1€93k€75k▼
Legal reserve130€75k€75k=
Reserves not available under the articles1311€19k-
Tax-exempt reserves132-€19k
Distributable reserves133€2.40M€2.40M=
Profit (loss) carried forward14€-245k€-1.14M▼
Amounts payable17/49€8.48M€11.25M▲
Amounts payable after more than one year17€6.57M€7.85M▲
Financial debts170/4€6.57M€7.85M▲
Amounts payable within one year42/48€1.91M€3.31M▲
Current portion of amounts payable after more than one year42€390k€495k▲
Trade debts44€576k€1.39M▲
Suppliers440/4€576k€1.39M▲
Taxes, remuneration and social security45€319k€287k▼
Taxes450/3€319k€287k▼
Other amounts payable47/48€625k€1.14M▲
Accrued charges and deferred income492/3-€87k
Income statement
Code20232024
Turnover70€3.46M-
Goods, raw materials, services and sundry goods60/61€1.15M-
Remuneration, social security and pensions62€2.20M€2.39M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€613k€773k▲
Other operating charges640/8€35k€33k▼
Gross operating margin9900€2.54M€2.41M▼
Operating profit (loss)9901€-308k€-785k▼
Financial income75/76B€24k€43k▲
Recurring financial income75€24k€43k▲
Financial charges65/66B€81k€146k▲
Recurring financial charges65€81k€146k▲
Profit (loss) for the period before taxes9903€-364k€-887k▼
Income taxes67/77€9k€7k▼
Profit (loss) for the period9904€-373k€-894k▼
Profit (loss) for the period to be appropriated9905€-373k€-894k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-245k€-1.14M▼
Profit (loss) brought forward from the previous period14P€128k€-245k▼
Social balance
Average headcount (FTE)908735.735.3▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 152 days late
2024
31-12
Financial
Weakest financial yearnet €-894k
Net result drops to €-894k, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 115 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 137 days late
2020
31-12
Financial
Highest result since 2018net €255k ▲122%
Operating result €339k, net result €255k, both a record.
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 146 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 90 days late
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 87 days late
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 88 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 122 days late
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, Middelkerke · 2 establishment units since 1999
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.
Fleriskotstraat 488431 MiddelkerkeGround area
3,064 m²
Building footprint
2,754 m²
Volume, LiDAR
8,373 m³
2 parcels, Flanders · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Koninklijke Baan(Kok) 159, 8670 Koksijde
since 19992.092.111.440
TARA
since 19992.092.111.341
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35024B0255/00X000 | Flanders | 1,969 m² | 1 · 2,215 m² | - |
| 38014E0361/00B000 | Flanders | 1,094 m² | 1 · 540 m² | 20.4 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2025 · 6 entries · 1,831,938 EUR awarded · 1,831,938 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,716,150 EUR | 1,716,150 EUR |
| 2024 | 1 | 5,657 EUR | 20,777 EUR |
| 2023 | 2 | 46,788 EUR | 31,668 EUR |
| 2022 | 2 | 63,343 EUR | 63,343 EUR |
Schemes
Erkenning en financiering/subsidiëring van woonzorgcentra
Subsidie aan instellingen in het beleidsdomein Welzijn, Volksgezondheid en Gezin voor de tussenkomst in de energiekost in 2023
Relance budget 45 - Inzetten op kwaliteit en 'good governance' van WZC & vooruitschuif nieuw beleid
Recognitions · licences · registrations
Food safety, FASFC
1 siteMiddelkerke2.092.111.341
Care and welfare
1 serviceTara
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Of 322 companies in sector 87101 we hold annual accounts for 235. 187 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-08-1999
Fiscal year end31-12
Activities, NACEBEL
87101Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.