Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of H&E Exploitations is 2.0% (moderate). The 2024 annual accounts show negative equity (€-780k) and a net result of €193k. Equity remains stable across the filed fiscal years (±1.2% per year). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.0%
Moderate
0%0,5%1,5%4%10%≥25%
No NACE activity registered
+Annual accounts: weaker financial profile
+Multiple establishment units
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 28-08-2025 | 28 d late | 2025-00426597 |
| 31-12-2023 | 31-07-2024 | 13-08-2024 | 13 d late | 2024-00343458 |
| 31-12-2022 | 31-07-2023 | 29-08-2023 | 29 d late | 2023-00401340 |
| 31-12-2021 | 31-07-2022 | 22-08-2022 | 22 d late | 2022-20302148 |
| 31-12-2020 | 31-07-2021 | 02-08-2021 | 2 d late | 2021-46000417 |
| 31-12-2019 | 31-07-2020 | 21-09-2020 | 52 d late | 2020-54600050 |
| 31-12-2018 | 31-07-2019 | 09-08-2019 | 9 d late | 2019-45300349 |
| 31-12-2017 | 31-07-2018 | 30-08-2018 | 30 d late | 2018-54400391 |
| 31-12-2016 | 31-07-2017 | 06-07-2017 | 25 d early | 2017-28500048 |
| 31-12-2015 | 31-07-2016 | 29-08-2016 | 29 d late | 2016-51600221 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsEstablished
Founded in 2011, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€193k+334.3%
Working capital€-656k+29.4%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 28-08-2025 with the NBB · fiscal year 2024 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Gross margin: growth of ~29.7%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€298k
+98.7%
18-24
€193k
+334.3%
18-24
€297k
+98.6%
18-24
€542k
+48.9%
18-24
€-780k
+19.8%
18-24
€-656k
+29.4%
18-24
1
-9.1%
18-24
€117k
-0.8%
18-24
€1.32M
-1.1%
18-24
€960k
+1.0%
18-24
€348k
0.0%
18-24
0.32
+1291.6%
18-24
0.32
+1291.6%
18-24
-143.9%
+46.1%
18-24
-1.69
-23.3%
18-24
-24.7%
-441.5%
18-24
35.5%
+191.7%
18-24
499.31
+423.8%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €298k |
| Net profit | €193k |
| Cash flow | €297k |
| Staff costs | €117k |
| Income taxes | - |
| Dividends | - |
| Total assets | €542k |
| Equity | €-780k |
| Debt | €1.32M |
| of which ≤ 1y | €960k |
| of which > 1y | €348k |
| Working capital | €-656k |
| Employees (FTE) | 1.0 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.32 |
| Quick ratio | 0.32 |
| Working capital ratio | -121.0% |
| Solvency | -143.9% |
| Debt / equity | -1.69 |
| Long-term debt ratio | -0.45 |
| Interest coverage | 499.31 |
| Gross margin | - |
| Net margin | - |
| ROA | 35.5% |
| ROE | -24.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €542k |
| Fixed assets | 21/28 | €238k |
| Intangible fixed assets | 21 | €116k |
| Tangible fixed assets | 22/27 | €122k |
| Financial fixed assets | 28 | €400 |
| Current assets | 29/58 | €304k |
| Amounts receivable within one year | 40/41 | €304k |
| Investments | 50/53 | €388 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €542k |
| Equity | 10/15 | €-780k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €1.18M |
| Accumulated profits (losses) | 14 | €-1.98M |
| Amounts payable | 17/49 | €1.32M |
| Amounts payable after one year | 17 | €348k |
| Amounts payable within one year | 42/48 | €960k |
| Trade debts payable within one year | 44 | €354k |
| Income statement | ||
| Gross operating margin | 9900 | €421k |
| Operating result | 9901 | €193k |
| Financial income | 75 | €2 |
| Financial charges | 65 | €596 |
| Result before taxes | 9903 | €193k |
| Net result for the period | 9904 | €193k |
| Result to be appropriated | 9905 | €193k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed16
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
3 directorsCurrent directors & mandates
-
SHRIMP TEMPURALegal entityDirector· perm. rep.: VAN DER BORGHT Wim Hilda TheoState Gazette act 20140304 (26-11-2020)Current26-11-2020 → present
4 events
- 26-11-2020 Resigned· Manager
- 26-11-2020 Appointed· Director
- 14-03-2014 Resigned· Manager
- 14-03-2014 Appointed· Manager
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Not recently confirmedlast confirmed in an act from 2014
Former directors (1)
-
Former- → 25-09-2017
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 25-10-2011 |
| Status | Active |
| Postal code | 2000 |
Structure & network
Connections & network
7 connected companiesGroup structure
Sits on the board · 2 subsidiaries · 1 location
Control→
Network connections
Shared corporate director
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
1 partyControl over this companysits on this company's board1
2 subsidiaries · 1 location
controls
H&E ExploitationsBE 0840.585.271
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Namenstraat 13-152000 AntwerpenEstablishment units
2 locationsZuidCafé
since 20112.205.589.661
Strantwerpen
since 20202.302.621.335
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area5,185 m²
Buildings2
Building footprint891 m²
Volume (LiDAR)4,703 m³
Tallest building18.1 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0756/02_000 | Flanders | 3,666 m² | 1 · 310 m² | 18.1 m · 1 fl. |
| 11811L3935/00P000 | Flanders | 1,519 m² | 1 · 581 m² | 13.2 m · 2 fl. |
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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
11 acts Address history · 3
05-01-2023
v3.2
30-11-2016
v3.2
28-12-2015
v3.2
All acts · 11
updated 3 months ago
2026
04-05-2026 Notarial deed · General meeting · Merger · Dissolution
- Filing: 2026-04-16 · H&E Exploitations
- Publication: 2026-05-04 · H&E Exploitations
- Notarial deed: 2026-03-03 · H&E Exploitations
- General meeting: date: 2026-03-03, type: buitengewone algemene vergadering · H&E Exploitations
- Merger: type: geruisloze fusie, deed_date: 2026-03-03, direction: overgenomen naar overnemende · H&E Exploitations
- Dissolution: date: 2026-03-03, type: ontbinding zonder vereffening, condition: opschortende voorwaarde van het door de buitengewone algemene vergadering van de overnemende vennootschap te nemen besluit tot fusie · H&E Exploitations
- Accounting effect: 2025-01-01 · H&E Exploitations
- Officer resignation: date: 2026-03-03, role: bestuurder, condition: opschortende voorwaarden · NV Shrimp Tempura
- Permanent representative: role: vast vertegenwoordigd · Wim Van der Borght
- Real estate declaration: nee · H&E Exploitations
- Approval: date: 2026-03-03, item: fusievoorstel · H&E Exploitations
- Filing: date: 2026-01-06, item: fusievoorstel · H&E Exploitations
- Act object: GERUISLOZE FUSIE - BÜİTENGEWONE ALGEMENE VERGADERING VAN
Summary:
Notarial deed · General meeting · Merger · DissolutionNotary:
Natacha Stoop
04-05-2026 Notarial deed · General meeting · Merger · Dissolution
- Filing: 2026-04-16 · LET'S THINK
- Publication: 2026-05-04 · LET'S THINK
- Notarial deed: 2026-03-03 · LET'S THINK
- General meeting: date: 2026-03-03, type: buitengewone algemene vergadering · LET'S THINK
- Merger: date: 2026-03-03, type: fusie door overneming · LET'S THINK
- Dissolution: date: 2026-03-03, type: ontbinding zonder vereffening · H & E EXPLOITATIONS
- Accounting effect: 2026-01-01 · H & E EXPLOITATIONS
- Share distribution: reason: alle aandelen van de overgenomen vennootschap toebehoren aan de overnemende vennootschap · H & E EXPLOITATIONS
- Power of attorney: date: 2026-03-03, purpose: coördinatie van de statuten · LET'S THINK
- Real estate declaration: nee · H & E EXPLOITATIONS
- Act object: GERUISLOZE FUSIE - BUITENGEWONE ALGEMENE VERGADERING VAN
Summary:
Notarial deed · General meeting · Merger · DissolutionNotary:
Natacha Stoop
27-01-2026 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
Fusion proposalNotary:
Natacha Stoop · Antwerpen
2023
05-01-2023 Registered office moved within Antwerpen
- Beukenlaan 12, 2020 Antwerpen → Namenstraat 13-15, 2000 Antwerpen
Summary:
v3.2
2020
26-11-2020 Articles of association amended
Summary:
v3.2
2018
21-06-2018 Articles of association amended
Summary:
v3.2
2017
06-10-2017 Edmond Roothaert resigns as manager
2016
30-11-2016 Registered office moved from Kontich to Antweroen
- Pierstraat 176-180, 2550 Kontich → Beukenlaan 12, 2020 Antweroen
Summary:
v3.2
2015
28-12-2015 Registered office moved from Antwerpen to Kontich
2014
31-10-2014 ROOTHAERT Edmond Maria Louis Diane Willy appointed as director
17-04-2014 Articles of association amended
Summary:
v3.2
Analysis
Snowflake analysis
financial profile on 5 axes41
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
16
Profitability
0
Solvency
33
Growth
58
Stability
100
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Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads BankNames & trade names
| Legal nameNL | H&E Exploitations |
Registered office
Namenstraat 13-15
2000 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.