H.E CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of H.E CONSTRUCTION is 8.8% (elevated). The 2025 annual accounts show negative equity (-€1,640) and a net result of -€1,940. Equity has been shrinking by about 315% per year since 2023. The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-06-2022 Normal situation
- Registered office
- 498 active companies are registered at this address 87 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Reachable since 12-05-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 8.8%
- Gross margin
- -€1,478
- ▲ 82.2%
- Loss
- €1,940
- ▼ 76.9%
- Equity
- -€1,640
- Total assets
- €1,848
- ▼ 45.2%
- Negative equity on 31-12-2025
- 2025 accounts filed 77 days after the deadline
Score breakdownraises riskLast filed accounts filed 77 days late; 3 of the last 3 accounts lateNo main activity registeredNo registered site in the KBOlowers riskSize: total assets €1,848Show the evidence
Checked score
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 5% of them on solvency, 6% on liquidity, 4% on profitability and 0% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 78 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 77 days after the deadline Filed on 16 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00567212.
Annual accounts 2025 filed on 16-10-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,877, smaller than the loss of €8,337 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €1,478 | - |
| Other operating charges640/8 | - | €50 | €400 | ▲ 699% |
| Gross operating margin9900 | -€117 | -€8,287 | -€1,478 | ▲ 82.2% |
| Operating profit (loss)9901 | -€117 | -€8,337 | -€1,877 | ▲ 77.5% |
| Financial charges65/66B | €46 | €69 | €63 | ▼ 8.7% |
| Recurring financial charges65 | €46 | €69 | €63 | ▼ 8.7% |
| Profit (loss) for the period before taxes9903 | -€163 | -€8,406 | -€1,940 | ▲ 76.9% |
| Profit (loss) for the period9904 | -€163 | -€8,406 | -€1,940 | ▲ 76.9% |
| Profit (loss) for the period to be appropriated9905 | -€163 | -€8,406 | -€1,940 | ▲ 76.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €9,947 | €3,370 | €1,848 | ▼ 45.2% |
| Current assets29/58 | €9,947 | €3,370 | €1,848 | ▼ 45.2% |
| Amounts receivable within one year40/41 | €737 | €2,947 | €1,815 | ▼ 38.4% |
| Trade receivables40 | €737 | €2,947 | €1,056 | ▼ 64.2% |
| Other amounts receivable41 | - | - | €759 | - |
| Cash at bank and in hand54/58 | - | €423 | €32 | ▼ 92.3% |
| Deferred charges and accrued income490/1 | €9,210 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €9,947 | €3,370 | €1,848 | ▼ 45.2% |
| Equity10/15 | €8,706 | €301 | -€1,640 | - |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€1,294 | -€9,699 | -€11,640 | ▼ 20.0% |
| Amounts payable17/49 | €1,240 | €3,069 | €3,488 | ▲ 13.6% |
| Amounts payable within one year42/48 | €1,240 | €3,069 | €3,488 | ▲ 13.6% |
| Trade debts44 | €1,240 | €3,069 | €500 | ▼ 83.7% |
| Suppliers440/4 | €1,240 | €3,069 | €500 | ▼ 83.7% |
| Other amounts payable47/48 | - | - | €2,988 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€163 | -€8,406 | -€1,940 | ▲ 76.9% |
| Operating cash flow (approximation) | -€163 | -€8,406 | -€1,940 | ▲ 76.9% |
| Change in cash | - | - | -€390 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as H.E CONSTRUCTION has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of H.E CONSTRUCTION itself: 8.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for H.E CONSTRUCTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- EL AÂRABI Hassan 100 shares (100%) · in cash
Capital transactions
- 14-06-2022 Incorporation · €10,000 · 100 shares
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 14-06-2022 (in Dutch)
Network & group
H.E CONSTRUCTION shares no director with another company.
Companies at the same address
497 other companies- GIOVANI CONSTRUCTOR Registered office · since 2026 1044591218
- Nexus Construct Registered office · since 2026 1044428494
- MK FOOD MARKET Registered office · since 2026 1043892818
- NOVARIO PROJECT Registered office · since 2026 1043758503
- Solid Renov Registered office · since 2026 1043451170
- ABRAR BUSINESS Registered office · since 2026 0793170087
- Cange, Anouchka (sole trader) Establishment · since 2026 1043556286
- Mandondo Lokwa, Jean-Marc (sole trader) Establishment · since 2026 1040739229
- Mandondo Lokwa, Salomon (sole trader) Establishment · since 2026 1042133653
- EUROCOLOR FINISHING Registered office · since 2026 1043305373
Connections & network
1 current directorThe network starts from the directors of H.E CONSTRUCTION. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-06
Gazette deed
IncorporationStarting capital €10,000 · Appointment: EL AÂRABI Hassan (director) · Founder8 points ▸
- Incorporation, 02-06-2022
- Founder, EL AÂRABI Hassan
- Founding capital, €10,000
- Other provision, “vaststelling statuten, comparanten verklaren statuten als volgt luidend” (deed in Dutch)
- Registered office clause, “1700 Dilbeek Oudesmidsestraat 20” (deed in Dutch)
- Director appointment, EL AÂRABI Hassan (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen verplichtingen activiteiten in naam en voor rekening vennootschap in oprichting” (deed in Dutch)
- Power of attorney, Charles HUYLEBROUCK
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23016D0063/00W002 | Flanders | 300 m² | 1 · 299 m² | 12.6 m · 3 |