Equity
€777,050 from €1.4m in 2021
Equity fell by 43% in 4 years.
HADECAM
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €449,816 (2021)
€42,706▲ 174%
lowest -€41,895 (2018)
€9,754▼ 73.4%
peak €1.4m (2021)
€777,050▲ 1.3%
€298,931▼ 14.5%
Board3 names since 2022
2 directorsHans Decuypere and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
23-06-202638 days before the deadline
2025financial year
Gross margin from €15,607 to €42,706Result from €36,716 to €9,754Cash from €9,050 to €32,862
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 44% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025highest value
07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.54, cash €32,862
lowers risk
Size: total assets €1.1m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 23-06-2026)
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 (NACE 70, micro). It does better than 68% of them on solvency, 43% on liquidity, 21% on profitability and 44% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as HADECAM has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HADECAM itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 14,766 companies, not a prediction for HADECAM. 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.
Credit verdict
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (2.0 in 2024), above the usual 1.5. Short-term debt is 2.4% and cash 3.1% of total assets. 27.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
50 days early
2023
13 days early
2022
53 days early
2021
37 days early
2020
45 days early
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 39 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Hans Decuypereannual accounts 2024
- Marleen Callensannual accounts 2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0862393445
Merger: HADECAM takes over FRANKLIN ROOSEVELT IMMO
Resignations: HADECAM (director) and Hans Decuypere (director) · Permanent representative: Marleen Callens · Director discharge: HADECAM · General meeting of 19-12-2022 · Gazette deed
Merger proposal: HADECAM takes over FRANKLIN ROOSEVELT IMMO
Permanent representative: Marleen Callens · The company holds all the shares of FRANKLIN ROOSEVELT IMMO · Gazette deed
Capital decrease of €244,836.20 to €61,500
Capital from €306,336.20 to €61,500 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HADECAM Waregem | €1.1m | €42,706 | 72.2% | - |
| R & D PROJECTS Anzegem | €1.0m | €45,966 | 34.0% | - |
| TEITU Ostend | €0.9m | €45,415 | 45.1% | 1 |
| VOSSACO Wervik | €1.3m | €39,447 | 42.9% | - |
| CONSULT SABINE Knokke-Heist | €0.9m | €39,445 | 63.6% | - |
| SANKOBA CONSULT Ichtegem | €0.9m | €37,788 | 72.0% | - |
| LUSS Bruges | €0.9m | €37,539 | 78.1% | - |
These companies have the same main activity as HADECAM: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €867,000 and €1.3m, founded between 2001 and 2006.
Official details
Source: KBO- Status
- Active since 24-12-2003Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.136.547.4378790 Waregem, since 01-01-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 05-11-2025
Annual accounts 2025
- €1.1m▼ 3.7%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on HADECAM
HADECAM has existed since 2003. The gross margin fell from €449,816 in 2021 to €15,344 in 2023.
In June 2022, the Official Gazette published the appointment of Hans Decuypere as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HADECAM
- What is the company number of HADECAM?
- The company number of HADECAM is 0862.393.445. The VAT number is the same number with BE in front: BE 0862.393.445.
- Where is HADECAM based?
- The registered office is at Vredestraat 14, 8790 Waregem.Company details
- What does HADECAM do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of HADECAM?
- HADECAM is a public limited company (NV).
- When was HADECAM founded?
- HADECAM was founded on 24-12-2003.
- Is HADECAM still active?
- Yes, HADECAM is an active enterprise in the KBO register.
- What is the turnover of HADECAM?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €42,706 and 69 comparable companies (NACE 70200). It probably lies between €68,000 and €170,000.Financials
- Is HADECAM profitable?
- In financial year 2025, HADECAM made a profit of €9,754.
- Where can I find the annual accounts of HADECAM?
- HADECAM filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HADECAM due?
- HADECAM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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