HADEX
ActiveSummary
HADEX has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €155k and a net result of €7k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 71% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-24
Solvency83▲+19
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.31 against 1.57 in 2023; short-term debt: 23% and cash: 4.9% of total assets), and 42.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
29 d late
2022
116 d late
2021
54 d late
2020
12 d late
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€155k▲ 4.6%
2023 · €148k
2018: €75klowest in 7 years
2019: €84k▲ +13.3% vs 2018
2020: €115k▲ +36.2% vs 2019
2021: €144k▲ +25.2% vs 2020
2022: €134k▼ -6.7% vs 2021
2023: €148k▲ +10.3% vs 2022
2024: €155k▲ +4.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€268k▼ 29.6%
2023 · €382k
2018: €277k
2019: €314k▲ +13.0% vs 2018
2020: €316k▲ +0.7% vs 2019
2021: €369k▲ +16.9% vs 2020
2022: €327k▼ -11.5% vs 2021
2023: €382k▲ +16.8% vs 2022highest in 7 years
2024: €268k▼ -29.6% vs 2023lowest in 7 years
2018 → 2024
Net result
€7k▼ 53.8%
2023 · €15k
2018: €10k
2019: €10k▼ -3.8% vs 2018
2020: €31k▲ +208% vs 2019highest in 7 years
2021: €29k▼ -5.2% vs 2020
2022: €8k▼ -72.3% vs 2021
2023: €15k▲ +82.3% vs 2022
2024: €7k▼ -53.8% vs 2023lowest in 7 years
2018 → 2024
Working capital
€81k▼ 10.3%
2023 · €90k
2018: €82k
2019: €74k▼ -9.6% vs 2018lowest in 7 years
2020: €101k▲ +36.9% vs 2019highest in 7 years
2021: €97k▼ -4.1% vs 2020
2022: €82k▼ -15.3% vs 2021
2023: €90k▲ +9.9% vs 2022
2024: €81k▼ -10.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€115k-€144k▲ 25.2%€134k▼ 6.7%€148k▲ 10.3%€155k▲ 4.6%
2020: €115klowest in 5 years
2021: €144k▲ +25.2% vs 2020
2022: €134k▼ -6.7% vs 2021
2023: €148k▲ +10.3% vs 2022
2024: €155k▲ +4.6% vs 2023highest in 5 years
Operating result€48k-€45k▼ 6.9%€16k▼ 64.6%€24k▲ 51.0%€11k▼ 51.9%
2020: €48khighest in 5 years
2021: €45k▼ -6.9% vs 2020
2022: €16k▼ -64.6% vs 2021
2023: €24k▲ +51.0% vs 2022
2024: €11k▼ -51.9% vs 2023lowest in 5 years
Net result€31k-€29k▼ 5.2%€8k▼ 72.3%€15k▲ 82.3%€7k▼ 53.8%
2020: €31khighest in 5 years
2021: €29k▼ -5.2% vs 2020
2022: €8k▼ -72.3% vs 2021
2023: €15k▲ +82.3% vs 2022
2024: €7k▼ -53.8% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 52% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €268k
Fixed assets
€126k ▼ 5.3%
Current assets
€143k ▼ 42.6%
Equity and liabilities €268k
Equity
€155k ▲ 4.6%
Debt
€113k ▼ 51.4%
Debt's share of the balance-sheet total falls from 61.2% to 42.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▼
2023 · €31k
Cash flow
€14k▼
2023 · €22k
Current ratio
2.31▲
2023 · 1.57
Quick ratio
2.03▲
2023 · 0.83
Debt to equity
0.73▼
2023 · 1.57
ROE
4.4%▼
2023 · 9.9%
ROA
2.5%▼
2023 · 3.8%
Interest coverage
3.42▼
2023 · 9.04
Debt ≤ 1 year
€62k▼
2023 · €159k
Debt > 1 year
€51k▼
2023 · €74k
Income taxes
€3k▼
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€382k€268k▼
Fixed assets21/28€133k€126k▼
Tangible fixed assets22/27€133k€126k▼
Land and buildings22€132k€126k▼
Plant, machinery and equipment23€419-
Current assets29/58€249k€143k▼
Stocks and contracts in progress3€118k€17k▼
Stocks30/36€118k€17k▼
Amounts receivable within one year40/41€87k€110k▲
Trade receivables40€45k€24k▼
Other amounts receivable41€43k€86k▲
Cash at bank and in hand54/58€42k€13k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€382k€268k▼
Equity10/15€148k€155k▲
Contributions10/11€19k€19k=
Reserves13€130k€136k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€128k€135k▲
Amounts payable17/49€233k€113k▼
Amounts payable after more than one year17€74k€51k▼
Financial debts170/4€74k€51k▼
Amounts payable within one year42/48€159k€62k▼
Current portion of amounts payable after more than one year42€35k€23k▼
Trade debts44€56k€2k▼
Suppliers440/4€56k€2k▼
Taxes, remuneration and social security45€17k€18k▲
Taxes450/3€17k€18k▲
Other amounts payable47/48€51k€20k▼
Accrued charges and deferred income492/3€1k€400▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€10k€5k▼
Gross operating margin9900€41k€23k▼
Operating profit (loss)9901€24k€11k▼
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€22k€10k▼
Income taxes67/77€7k€3k▼
Profit (loss) for the period9904€15k€7k▼
Profit (loss) for the period to be appropriated9905€15k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€7k▼
Transfer from equity791/2€800-
Transfer to equity691/2€15k€7k▼
To other reserves6921€15k€7k▼
Profit to be distributed694/7€800-
Return on contributions (dividend)694€800-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €12k | €15k | €7k | €7k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-5k | - | - | - | - |
| Other operating charges640/8 | - | €16k | €9k | €10k | €5k | ▼ 49.6% |
| Gross operating margin9900 | €74k | €67k | €40k | €41k | €23k | ▼ 42.4% |
| Operating profit (loss)9901 | €48k | €45k | €16k | €24k | €11k | ▼ 51.9% |
| Financial income75/76B | - | €32 | - | €1k | €4k | ▲ 224% |
| Recurring financial income75 | - | €32 | - | €1k | €4k | ▲ 224% |
| Financial charges65/66B | - | €5k | €3k | €3k | €5k | ▲ 58.4% |
| Recurring financial charges65 | €6k | €5k | €3k | €3k | €5k | ▲ 58.4% |
| Profit (loss) for the period before taxes9903 | €42k | €40k | €12k | €22k | €10k | ▼ 54.3% |
| Income taxes67/77 | €12k | €11k | €4k | €7k | €3k | ▼ 55.4% |
| Profit (loss) for the period9904 | €31k | €29k | €8k | €15k | €7k | ▼ 53.8% |
| Profit (loss) for the period to be appropriated9905 | €31k | €29k | €8k | €15k | €7k | ▼ 53.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €316k | €369k | €327k | €382k | €268k | ▼ 29.6% |
| Fixed assets21/28 | €112k | €190k | €161k | €133k | €126k | ▼ 5.3% |
| Tangible fixed assets22/27 | €112k | €190k | €161k | €133k | €126k | ▼ 5.3% |
| Land and buildings22 | - | €159k | €139k | €132k | €126k | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €1k | €839 | €419 | - | - |
| Furniture and vehicles24 | - | €29k | €21k | - | - | - |
| Current assets29/58 | €203k | €180k | €166k | €249k | €143k | ▼ 42.6% |
| Stocks and contracts in progress3 | €65k | €59k | €102k | €118k | €17k | ▼ 85.4% |
| Stocks30/36 | - | €59k | €102k | €118k | €17k | ▼ 85.4% |
| Amounts receivable within one year40/41 | €24k | €32k | €29k | €87k | €110k | ▲ 26.2% |
| Trade receivables40 | - | €32k | €22k | €45k | €24k | ▼ 45.8% |
| Other amounts receivable41 | - | €74 | €6k | €43k | €86k | ▲ 102% |
| Cash at bank and in hand54/58 | €110k | €85k | €33k | €42k | €13k | ▼ 68.4% |
| Deferred charges and accrued income490/1 | - | €4k | €3k | €2k | €2k | ▼ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €316k | €369k | €327k | €382k | €268k | ▼ 29.6% |
| Equity10/15 | €115k | €144k | €134k | €148k | €155k | ▲ 4.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €96k | €125k | €116k | €130k | €136k | ▲ 5.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €124k | €114k | €128k | €135k | ▲ 5.3% |
| Profit (loss) carried forward14 | €37k | - | - | - | - | - |
| Amounts payable17/49 | €201k | €225k | €192k | €233k | €113k | ▼ 51.4% |
| Amounts payable after more than one year17 | €98k | €142k | €108k | €74k | €51k | ▼ 30.5% |
| Financial debts170/4 | - | €142k | €108k | €74k | €51k | ▼ 30.5% |
| Amounts payable within one year42/48 | €102k | €83k | €84k | €159k | €62k | ▼ 61.0% |
| Current portion of amounts payable after more than one year42 | - | €33k | €34k | €35k | €23k | ▼ 35.1% |
| Trade debts44 | €4k | €13k | €31k | €56k | €2k | ▼ 97.3% |
| Suppliers440/4 | - | €13k | €31k | €56k | €2k | ▼ 97.3% |
| Taxes, remuneration and social security45 | - | €25k | €19k | €17k | €18k | ▲ 1.7% |
| Taxes450/3 | - | €25k | €19k | €17k | €18k | ▲ 1.7% |
| Other amounts payable47/48 | - | €11k | €560 | €51k | €20k | ▼ 60.4% |
| Accrued charges and deferred income492/3 | - | - | - | €1k | €400 | ▼ 60.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €29k | €8k | €15k | €7k | ▼ 53.8% |
| + Depreciation and write-downs630 | €17k | €12k | €15k | €7k | €7k | = |
| Operating cash flow (approximation) | €48k | €41k | €23k | €22k | €14k | ▼ 36.4% |
| Investment in fixed assets (approximation) | - | €-89k | €13k | €21k | €0 | ▼ 100% |
| Change in cash | - | €-25k | €-53k | €9k | €-29k | ▼ 417% |
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Weakest financial yearnet €7k ▼53.8%
Net result drops to €7k, the lowest in the series.
31-12
Financial
Equity above €150kEq €155k ▲4.6%
7 profitable years in a row build equity to €155k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 116 days late
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Highest result since 2018net €31k ▲208%
Operating result €48k, net result €31k, both a record.
31-12
Financial
Equity above €100kEq €115k ▲36.2%
3 profitable years in a row build equity to €115k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are 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, Waimes · 2 establishment units since 2011
Ground area
2,099 m²
Building footprint
958 m²
Volume, LiDAR
5,704 m³
2 parcels, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Rue du Triquet 1A, 4950 Waimes
since 20112.203.788.728
Hadex
since 20192.302.640.834
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080G0259/00M000 | Wallonia | 1,330 m² | 1 · 145 m² | 9.2 m · 3 fl. |
| 63080G0230/00D000 | Wallonia | 769 m² | 1 · 813 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 10,667 companies in sector 47811 we hold annual accounts for 5,220. 3,713 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 (pre-2019)
Founded10-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
46630Wholesale trade
46720Wholesale of motor vehicle parts and accessories
77120Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.