HIRAM
ActiveSummary
HIRAM has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €-10k. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 47% of 7029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
55
/ 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
Profitability0=
Solvency75▼-12
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 2.41 in 2024; short-term debt: 49.9% and cash: 52.2% of total assets), and 49.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
50.1%
Return on assets
-19.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-10k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
6 d early
2023
9 d late
2022
3 d early
2021
23 d late
2020
20 d late
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€56k▲ 22.8%
2024 · €45k
2022: €79k
2023: €80k
2024: €45k
2022 → 2025
EBIT margin
-19.0%▲ 51.8pp
2024 · -70.7%
2022: -19.3%
2023: 14.6%
2024: -70.7%
2022 → 2025
Net result
€-10k▲ 68.2%
2024 · €-32k
2018: €-10k
2019: €-25k
2020: €6k
2021: €23k
2022: €-15k
2023: €11k
2024: €-32k
2018 → 2025
Working capital
€20k▼ 34.9%
2024 · €31k
2018: €64k
2019: €37k
2020: €44k
2021: €65k
2022: €50k
2023: €62k
2024: €31k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€79k€80k▲ 1.9%€45k▼ 43.5%€56k▲ 22.8%
Equity€72k-€57k▼ 21.2%€69k▲ 20.0%€36k▼ 46.9%€26k▼ 28.1%
Operating result€23k-€-15k€12k€-32k€-11k▲ 67.1%
Net result€23k-€-15k€11k€-32k€-10k▲ 68.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €32k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52k
Fixed assets
€6k ▲ 10.8%
Current assets
€46k ▼ 12.7%
Equity and liabilities €52k
Equity
€26k ▼ 28.1%
Debt
€26k ▲ 18.6%
Debt's share of the balance-sheet total rises from 37.6% to 49.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-10k▲
2024 · €-31k
Cash flow
€-9k▲
2024 · €-31k
Current ratio
1.78▼
2024 · 2.41
Debt to equity
0.99▲
2024 · 0.60
ROE
-39.1%▲
2024 · -88.4%
ROA
-19.6%▲
2024 · -55.1%
Interest coverage
-53.84▲
2024 · -173.42
Debt ≤ 1 year
€26k▲
2024 · €22k
Income taxes
€206▼
2024 · €293
Staff costs
€37k▼
2024 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€58k€52k▼
Formation expenses20€0€0=
Fixed assets21/28€5k€6k▲
Tangible fixed assets22/27€5k€6k▲
Plant, machinery and equipment23€993€288▼
Furniture and vehicles24€0€0=
Other tangible fixed assets26€4k€6k▲
Financial fixed assets28€181€181=
Current assets29/58€53k€46k▼
Amounts receivable within one year40/41€2k€17k▲
Trade receivables40€150€15k▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€48k€27k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€58k€52k▼
Equity10/15€36k€26k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€16k€6k▼
Amounts payable17/49€22k€26k▲
Amounts payable within one year42/48€22k€26k▲
Trade debts44€8k€18k▲
Suppliers440/4€8k€18k▲
Taxes, remuneration and social security45€11k€6k▼
Taxes450/3€334€132▼
Remuneration and social security454/9€10k€5k▼
Other amounts payable47/48€3k€2k▼
Income statement
Code20242025
Turnover70€45k€56k▲
Goods, raw materials, services and sundry goods60/61€39k€29k▼
Remuneration, social security and pensions62€44k€37k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€705€822▲
Other operating charges640/8€1k€892▼
Gross operating margin9900€14k€29k▲
Operating profit (loss)9901€-32k€-11k▲
Financial income75/76B€298€675▲
Recurring financial income75€298€675▲
Financial charges65/66B€180€180▼
Recurring financial charges65€180€180▼
Profit (loss) for the period before taxes9903€-32k€-10k▲
Income taxes67/77€293€206▼
Profit (loss) for the period9904€-32k€-10k▲
Profit (loss) for the period to be appropriated9905€-32k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€6k▼
Profit (loss) brought forward from the previous period14P€48k€16k▼
The notes to these accounts (6 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-32k ▼381%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Highest result since 2018net €23k ▲263%
Operating result €23k, net result €23k, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 1998
Ground area
301 m²
Building footprint
161 m²
Volume, LiDAR
1,505 m³
Parcel 21445E0006/00K021, Brussels · tallest building 17.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Adolphe Buyllaan 35, 1050 Elsene
since 19982.085.709.341
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445E0006/00K021 | Brussels | 301 m² | 1 · 161 m² | 17.3 m · 3 fl. |
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.
Similar companies · same sector, comparable size
DELL'ORO FACTORY
BE 0433.142.414
Wommelgem · Eq €26,287
JAMABEL
BE 0435.486.151
Braine-le-Château · Eq €26,388
Smart Content
BE 0768.731.631
Antwerpen · Eq €26,575
3D CAD
BE 0659.744.213
Seneffe · Eq €26,582
Maca development
BE 0892.093.954
Beauvechain · Eq €26,609
Of 2,713 companies in sector 73200 we hold annual accounts for 1,783. 933 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-1998
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
73200Market research and public opinion polling
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.