Hadebo
ActiveSummary
The computed 12-month bankruptcy probability of Hadebo is 2.0% (moderate). The 2025 annual accounts show equity of €216k and a net result of €99k. Equity is growing by ~56.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+11
Solvency91▲+9
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 1.69 in 2024; short-term debt: 27% and cash: 36.6% of total assets), and 33.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.4%
Return on assets
30.3%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
21 d early
2024
28 d early
2023
26 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€216k▲ 84.1%
2024 · €117k
Total assets
€325k▲ 57.3%
2024 · €207k
Net result
€99k▲ 197%
2024 · €33k
Working capital
€110k▲ 344%
2024 · €25k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€113k-€46k▼ 59.4%€121k▲ 165%
Net result€82k-€33k▼ 59.3%€99k▲ 197%
Equity€84k-€117k▲ 39.5%€216k▲ 84.1%
Total assets€251k-€207k▼ 17.6%€325k▲ 57.3%
Debt€167k-€90k▼ 46.3%€109k▲ 22.1%
Working capital€28k-€25k▼ 10.5%€110k▲ 344%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 165% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €325k
Fixed assets
€127k ▼ 12.8%
Current assets
€198k ▲ 224%
Equity and liabilities €325k
Equity
€216k ▲ 84.1%
Debt
€109k ▲ 22.1%
Debt's share of the balance-sheet total falls from 43.3% to 33.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€140k▲
2024 · €64k
Cash flow
€117k▲
2024 · €52k
Current ratio
2.25▲
2024 · 1.69
Quick ratio
2.19▲
2024 · 1.59
Debt to equity
0.51▼
2024 · 0.76
ROE
45.7%▲
2024 · 28.3%
ROA
30.3%▲
2024 · 16.0%
Interest coverage
51.25▲
2024 · 15.16
Debt ≤ 1 year
€88k▲
2024 · €36k
Debt > 1 year
€21k▼
2024 · €53k
Income taxes
€26k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €19k | €19k | = |
| Other operating charges640/8 | €2k | €1k | €574 | ▼ 53.2% |
| Gross operating margin9900 | €148k | €66k | €141k | ▲ 114% |
| Operating profit (loss)9901 | €113k | €46k | €121k | ▲ 165% |
| Financial income75/76B | €19 | €0 | €6k | - |
| Recurring financial income75 | €19 | €0 | €6k | - |
| Financial charges65/66B | €10k | €4k | €3k | ▼ 35.7% |
| Recurring financial charges65 | €10k | €4k | €3k | ▼ 35.7% |
| Profit (loss) for the period before taxes9903 | €102k | €42k | €125k | ▲ 201% |
| Income taxes67/77 | €21k | €8k | €26k | ▲ 215% |
| Profit (loss) for the period9904 | €82k | €33k | €99k | ▲ 197% |
| Profit (loss) for the period to be appropriated9905 | €82k | €33k | €99k | ▲ 197% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €251k | €207k | €325k | ▲ 57.3% |
| Fixed assets21/28 | €164k | €146k | €127k | ▼ 12.8% |
| Intangible fixed assets21 | €157k | €138k | €120k | ▼ 13.5% |
| Financial fixed assets28 | €8k | €8k | €8k | = |
| Current assets29/58 | €87k | €61k | €198k | ▲ 224% |
| Stocks and contracts in progress3 | €4k | €4k | €6k | ▲ 57.5% |
| Stocks30/36 | €4k | €4k | €6k | ▲ 57.5% |
| Amounts receivable within one year40/41 | €13k | €22k | €70k | ▲ 225% |
| Trade receivables40 | €9k | €10k | €63k | ▲ 514% |
| Other amounts receivable41 | €4k | €11k | €7k | ▼ 36.4% |
| Cash at bank and in hand54/58 | €69k | €36k | €119k | ▲ 231% |
| Deferred charges and accrued income490/1 | €497 | €0 | €3k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €251k | €207k | €325k | ▲ 57.3% |
| Equity10/15 | €84k | €117k | €216k | ▲ 84.1% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | €82k | €115k | €213k | ▲ 86.0% |
| Distributable reserves133 | €82k | €115k | €213k | ▲ 86.0% |
| Amounts payable17/49 | €167k | €90k | €109k | ▲ 22.1% |
| Amounts payable after more than one year17 | €108k | €53k | €21k | ▼ 59.3% |
| Financial debts170/4 | €83k | €53k | €21k | ▼ 59.3% |
| Other amounts payable178/9 | €25k | €0 | - | - |
| Amounts payable within one year42/48 | €59k | €36k | €88k | ▲ 143% |
| Current portion of amounts payable after more than one year42 | €29k | €30k | €31k | ▲ 3.4% |
| Trade debts44 | €2k | €5k | €40k | ▲ 634% |
| Suppliers440/4 | €2k | €5k | €40k | ▲ 634% |
| Advances received on contracts in progress46 | €7k | €0 | €16k | - |
| Taxes, remuneration and social security45 | €21k | €0 | - | - |
| Taxes450/3 | €21k | €0 | - | - |
| Other amounts payable47/48 | - | €551 | €1k | ▲ 83.4% |
| Accrued charges and deferred income492/3 | - | €563 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €82k | €33k | €99k | ▲ 197% |
| + Depreciation and write-downs630 | €33k | €19k | €19k | = |
| Operating cash flow (approximation) | €115k | €52k | €117k | ▲ 126% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €-33k | €83k | ▲ 353% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €99k ▲197%
Operating result €121k, net result €99k, both a record.
31-12
Financial
Equity above €200kEq €216k ▲84.1%
3 profitable years in a row build equity to €216k.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €33k ▼59.3%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €117k ▲39.5%
2 profitable years in a row build equity to €117k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · 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, Westerlo · 1 establishment unit since 2022
Ground area
1,255 m²
Building footprint
386 m²
Volume, LiDAR
1,921 m³
Parcel 13028C0021/00S000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hadebo
since 20222.332.916.910
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13028C0021/00S000 | Flanders | 1,255 m² | 1 · 386 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2025 · 1 entry · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,500 EUR | 1,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DENIS PLAFONNAGE
BE 0807.961.203
Koekelberg · Eq €215,937
Wensel
BE 0677.925.080
Schoten · Eq €216,751
CLS Projects
BE 0729.576.194
Tielt · Eq €216,770
Advanced Energy
BE 0792.257.594
Leuven · Eq €214,620
IDEAL GAZ
BE 0440.929.732
Thuin · Eq €217,163
Of 4,094 companies in sector 43240 we hold annual accounts for 1,633. 1,273 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43211General electrical installation work
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.