H.E.D. (0437.932.828): annual accounts, directors and company register

H.E.D.

Kortrijk ·KBO/BCE: BE 0437.932.828

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%

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%

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	1.1m	1.1m	1.5m	1.8m	542,481	497,142	473,003	456,777	435,345	421,708	419,408	428,675	447,246	455,416	464,502	480,056	504,073	532,019	559,855	579,474
`21/28`	101,693	101,613	91,826	45,434	135,421	165,205	197,278	224,799	255,742	295,643	331,060	342,199	371,749	404,219	417,494	435,314	473,766	503,039	540,220	559,754
`22/27`	101,693	101,613	91,826	45,434	135,421	165,205	197,278	224,799	255,742	295,643	331,060	342,199	371,749	404,219	417,494	435,314	473,766	503,039	540,220	559,754
`22`	101,693	101,286	90,050	40,063	128,329	152,865	177,296	206,715	236,734	268,759	298,075	290,556	303,294	309,394	308,872	315,461	320,738	318,529	327,410	343,443
`23`	-	327	655	3,130	7,092	12,340	19,392	16,904	16,794	22,946	27,325	46,716	68,455	94,713	108,398	118,637	150,636	180,841	207,784	215,237
`24`	-	-	1,121	2,241	-	-	590	1,180	2,215	3,938	5,661	4,926	-	112	224	1,216	2,392	3,669	5,026	1,074
`29/58`	1.0m	1.0m	1.4m	1.7m	407,060	331,937	275,725	231,978	179,603	126,065	88,348	86,476	75,497	51,198	47,008	44,742	30,307	28,980	19,635	19,720
`40/41`	1,485	1,601	8,363	1,958	896	1,049	-	-	949	1,377	3	11	1,715	1,624	4	4	-	93	5,739	241
`40`	1,051	1,192	1,184	1,958	896	1,049	-	-	949	1,377	-	-	1,715	1,624	-	-	-	90	5,739	241
`41`	434	409	7,179	-	-	-	-	-	-	-	3	11	-	-	4	4	-	3	-	-
`54/58`	1.0m	1.0m	1.4m	1.7m	403,536	329,322	273,183	228,318	173,604	121,731	86,647	82,255	71,277	47,191	42,158	38,571	28,893	28,388	12,162	18,612
`490/1`	536	508	805	884	2,627	1,567	2,542	3,660	5,051	2,957	1,698	4,210	2,505	2,383	4,846	6,167	1,414	499	1,734	867
Balance sheet: equity and liabilities
`10/49`	1.1m	1.1m	1.5m	1.8m	542,481	497,142	473,003	456,777	435,345	421,708	419,408	428,675	447,246	455,416	464,502	480,056	504,073	532,019	559,855	579,474
`10/15`	1.1m	1.1m	1.1m	1.1m	246,794	213,971	183,318	167,486	135,842	112,851	98,802	104,376	115,482	114,173	111,167	118,997	137,154	150,833	167,242	175,177
`10/11`	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,893	247,893	247,893	247,893	247,894	247,894
`10`	247,894	247,894	247,894	247,894	247,894	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,894	247,893	247,893	247,893	247,893	247,894	247,894
`13`	858,419	851,432	844,094	846,133	59,531	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486
`130/1`	24,789	24,789	24,789	39,330	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	24,789	24,789	24,789	39,330	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	47,254	52,901	57,492	59,531	59,531	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486	2,486
`133`	786,375	773,741	761,813	747,272	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`14`	1,731	1,731	1,731	-	-60,631	-36,408	-67,061	-82,893	-114,538	-137,528	-151,578	-146,003	-134,898	-136,206	-139,212	-131,382	-113,225	-99,546	-83,138	-75,203
`16`	15,093	16,975	18,505	19,015	19,015	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`168`	15,093	16,975	18,505	19,015	19,015	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	3,479	10,141	388,665	649,540	276,672	283,172	289,685	289,291	299,504	308,857	320,607	324,299	331,764	341,243	353,335	361,059	366,919	381,186	392,613	404,297
`17`	-	-	-	-	-	-	2,822	11,008	18,796	26,204	33,250	39,946	46,320	52,387	58,145	63,628	68,846	73,805	86,777	99,376
`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,262	20,657
`175`	-	-	-	-	-	-	2,822	11,008	18,796	26,204	33,250	39,946	46,320	52,387	58,145	63,628	68,846	73,805	78,515	78,719
`42/48`	3,479	10,141	388,665	649,540	265,320	271,504	276,303	277,363	280,707	281,376	285,572	283,394	283,974	287,873	294,474	297,163	297,213	306,856	305,486	304,921
`42`	-	-	-	-	-	4,712	8,187	7,788	7,408	7,046	6,696	6,374	6,063	5,764	5,483	5,215	4,959	12,979	16,881	20,948
`44`	-	5,395	1,457	1,297	1,297	1,297	1,297	1,297	1,297	1,297	1,095	773	-	1,483	3,022	1,772	496	985	790	-
`440/4`	-	5,395	1,457	1,297	1,297	1,297	1,297	1,297	1,297	1,297	1,095	773	-	1,483	3,022	1,772	496	985	790	-
`45`	3,479	4,747	387,208	386,087	291	311	328	162	174	-	-	-	98	93	-	-	-	-	-	-
`450/3`	3,479	4,747	387,208	386,087	291	311	328	162	174	-	-	-	98	93	-	-	-	-	-	-
`47/48`	-	-	-	262,157	263,732	265,184	266,491	268,115	271,829	273,033	277,780	276,246	277,813	280,533	285,969	290,176	291,758	292,892	287,815	283,973
`492/3`	-	-	-	-	11,352	11,668	10,560	920	-	1,277	1,785	958	1,470	983	716	268	860	525	350	-
Income statement
`76A`	1,297	250	-	1.2m	76,061	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-
`9900`	25,284	28,666	16,742	1.3m	162,475	79,459	67,013	86,177	76,031	69,472	70,012	65,694	67,745	68,364	50,645	67,201	58,045	49,873	48,914	30,330
`62`	-	-	-	-	-	-	-	-	-	-	-	-	-	6	-	-	-	-	-	-
`630`	8,745	11,790	11,117	16,135	31,776	35,572	38,259	40,283	39,901	42,331	59,062	53,749	52,920	52,539	52,528	53,636	54,000	51,456	50,484	48,576
`640/8`	4,768	4,585	4,903	11,661	11,928	12,398	11,674	11,636	11,206	10,991	14,032	20,219	10,665	10,251	2,558	27,467	9,142	9,032	453	10,443
`66A`	-	-	-	-	-	-	-	982	-	-	-	-	-	-	-	-	-	-	-	-
`9901`	11,771	12,291	722	1.3m	118,772	31,489	17,080	33,276	24,924	16,150	-3,082	-8,274	4,160	5,568	-4,441	-13,902	-5,097	-10,615	-2,023	-28,689
`75/76B`	-	-	190	0	0	0	8	1	11	0	18	56	41	1,150	270	29	58	56	51	141
`75`	-	-	190	0	0	0	8	1	11	0	18	56	41	1,150	270	29	58	56	51	141
`65/66B`	699	504	463	389	66,788	691	1,090	1,470	1,770	2,101	2,511	2,887	2,790	3,611	3,657	4,291	8,633	5,876	6,056	6,230
`65`	699	504	463	389	414	691	1,090	1,470	1,770	2,101	2,511	2,887	2,790	3,611	3,657	4,291	8,633	5,876	6,056	6,230
`66B`	-	-	-	-	66,374	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9903`	11,073	11,787	449	1.3m	51,984	30,798	15,997	31,806	23,165	14,049	-5,575	-11,105	1,410	3,108	-7,828	-18,164	-13,672	-16,435	-7,928	-34,778
`780`	1,882	1,530	510	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`680`	-	-	-	-	19,015	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	5,968	5,979	1,267	403,940	146	145	165	162	174	-	-	-0	102	102	2	-7	7	-27	7	16
`9904`	6,987	7,338	-308	847,233	32,823	30,653	15,832	31,644	22,991	14,049	-5,575	-11,105	1,308	3,006	-7,830	-18,157	-13,679	-16,408	-7,935	-34,794
`789`	5,647	4,590	2,040	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`689`	-	-	-	-	57,046	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9905`	12,634	11,928	1,731	847,233	-24,223	30,653	15,832	31,644	22,991	14,049	-5,575	-11,105	1,308	3,006	-7,830	-18,157	-13,679	-16,408	-7,935	-34,794
Appropriation of the result
`9906`	14,365	13,660	1,731	786,602	-60,631	-36,408	-67,061	-82,893	-114,538	-137,528	-151,578	-146,003	-134,898	-136,206	-139,212	-131,382	-113,225	-99,546	-83,138	-75,203
`14P`	1,731	1,731	-	-60,631	-36,408	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	14,541	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	12,634	11,928	14,541	786,602	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`6920`	-	-	-	39,330	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`6921`	12,634	11,928	14,541	747,272	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	01-06-2026	2026-00128576	PDF
31-12-2024	micro format	04-06-2025	2025-00119944	PDF
31-12-2023	micro format	17-06-2024	2024-00136212	PDF
31-12-2022	micro format	13-06-2023	2023-00122190	PDF
31-12-2021	micro format	15-06-2022	2022-20064488	PDF
31-12-2020	micro format	07-06-2021	2021-17600327	PDF
31-12-2019	micro format	22-06-2020	2020-19300217	PDF
31-12-2018	micro format	28-05-2019	2019-14700249	PDF
31-12-2017	micro format	29-05-2018	2018-14700279	PDF
31-12-2016	micro format	02-06-2017	2017-14700487	PDF
31-12-2015	abbreviated format	15-06-2016	2016-18400121	PDF
31-12-2014	abbreviated format	23-06-2015	2015-21400461	PDF
31-12-2013	abbreviated format	29-08-2014	2014-54900534	PDF
31-12-2012	abbreviated format	23-08-2013	2013-45900417	PDF
31-12-2011	abbreviated format	27-08-2012	2012-50000368	PDF
31-12-2010	abbreviated format	23-08-2011	2011-44100131	PDF
31-12-2009	abbreviated format	22-07-2010	2010-33000573	PDF
31-12-2008	abbreviated format	29-08-2009	2009-70900161	PDF
31-12-2007	abbreviated format	31-08-2008	2008-70200141	PDF
31-12-2006	abbreviated format	14-06-2007	2007-21700316	PDF
31-12-2005	abbreviated format	05-03-2007	2007-06602578	PDF
31-12-2004	abbreviated format	05-03-2007	2007-06602566	PDF
31-12-2003	abbreviated format	15-09-2004	2004-64603844	PDF
31-12-2002	abbreviated format	25-07-2003	2003-51101768	PDF
31-12-2001	abbreviated format	28-10-2002	2002-69000126	PDF
31-12-2000	abbreviated format	21-12-2001	2001-77603917	PDF
31-12-1999	abbreviated format	25-09-2000	2000-58400906	PDF
31-12-1998	abbreviated format	26-11-1999	1999-60604610	PDF
31-12-1997	abbreviated format	23-09-1998	1998-48403566	PDF
31-12-1996	abbreviated format	05-12-1997	1997-55701975	PDF
31-12-1995	abbreviated format	01-07-1996	1996-28603924	PDF
31-12-1994	abbreviated format	30-06-1995	1995-34004984	PDF
31-12-1993	abbreviated format	03-11-1994	1994-46000778	PDF
31-12-1992	abbreviated format	23-09-1993	1993-36901760	PDF
31-12-1991	abbreviated format	03-12-1992	1992-39603082	PDF
31-12-1990	abbreviated format	30-10-1991	1991-29502815	PDF

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
20,516	24,081	11,839	1.3m	150,547	67,061	55,339	73,559	64,825	58,481	55,980	45,475	57,080	58,108	48,087	39,734	48,903	40,841	48,461	19,887
15,732	19,128	10,809	863,369	64,598	66,225	54,091	71,927	62,891	56,381	53,487	42,644	54,229	55,545	44,698	35,479	40,321	35,048	42,549	13,782
8,825	21,578	57,508	3,362	5,931	3,499	10,738	10,323	0	6,914	47,923	24,199	20,451	39,264	34,709	15,184	24,727	14,275	30,950	182,832
-1,548	-375,445	-314,412	1.3m	74,214	56,139	44,865	54,715	51,873	35,084	4,392	10,978	24,086	5,033	3,587	9,678	505	16,226	-6,450	-
1.0m	1.0m	1.0m	1.1m	141,740	60,433	-578	-45,385	-101,104	-155,311	-197,224	-196,919	-208,477	-236,676	-247,466	-252,421	-266,906	-277,876	-285,851	-285,201
98.4%	97.6%	72.9%	62.1%	45.5%	43.0%	38.8%	36.7%	31.2%	26.8%	23.6%	24.3%	25.8%	25.1%	23.9%	24.8%	27.2%	28.4%	29.9%	30.2%
-	-	3.63	2.64	1.53	1.22	1.00	0.84	0.64	0.45	0.31	0.31	0.27	0.18	0.16	0.15	0.10	0.09	0.06	0.06
0.00	0.01	0.36	0.59	1.12	1.32	1.58	1.73	2.20	2.74	3.24	3.11	2.87	2.99	3.18	3.03	2.68	2.53	2.35	2.31
0.6%	0.7%	0.0%	77.4%	13.3%	14.3%	8.6%	18.9%	16.9%	12.4%	-5.6%	-10.6%	1.1%	2.6%	-7.0%	-15.3%	-10.0%	-10.9%	-4.7%	-19.9%
0.6%	0.7%	0.0%	48.1%	6.1%	6.2%	3.3%	6.9%	5.3%	3.3%	-1.3%	-2.6%	0.3%	0.7%	-1.7%	-3.8%	-2.7%	-3.1%	-1.4%	-6.0%
29.36	47.81	25.60	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€8,825	€21,578	€57,508	€3,362	€5,931
	€8,745	€11,790	€11,117	€16,135	€31,776

Overview

Lifetime

Key points

Turnover

Filings

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Official details

Annual accounts 2025

Insights on H.E.D.

Financials

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin €m

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on H.E.D.

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

No group

Earlier ties

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

Invoicing and payment

in €m

in €m