HAEDES
ActiveHAEDES has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €576k and a net result of €450k. Equity is growing by ~79.8% per year across the filed fiscal years. Its solvency ranks better than 38% of 1986 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+14
Solvency61▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.89 in 2024; short-term debt: 53.2% and cash: 34.2% of total assets), but 64.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
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
35.9%
Return on assets
28.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
2 d late
2022
29 d late
2021
19 d early
2020
30 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€576k▲ 35.4%
2024 · €425k
2020: €26k
2021: €81k
2022: €132k
2023: €296k
2024: €425k
2020 → 2025
Total assets
€1.60M▲ 66.6%
2024 · €962k
2020: €181k
2021: €226k
2022: €276k
2023: €1.01M
2024: €962k
2020 → 2025
Net result
€450k▲ 249%
2024 · €129k
2020: €16k
2021: €55k
2022: €110k
2023: €165k
2024: €129k
2020 → 2025
Working capital
€657k▲ 59.6%
2024 · €412k
2020: €77k
2021: €61k
2022: €102k
2023: €543k
2024: €412k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€132k▲ 61.6%€296k▲ 125%€425k▲ 43.6%€576k▲ 35.4%
Operating result€58k-€113k▲ 94.5%€189k▲ 68.3%€143k▼ 24.4%€535k▲ 274%
Net result€55k-€110k▲ 98.9%€165k▲ 49.4%€129k▼ 21.5%€450k▲ 249%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 274% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.60M
Fixed assets
€94k▲ 5.8%
Current assets
€1.51M▲ 72.8%
Equity and liabilities €1.60M
Equity
€576k▲ 35.4%
Debt
€1.03M▲ 91.4%
The debt ratio rises from 55.8% to 64.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€547k▲
2024 · €154k
Cash flow
€463k▲
2024 · €140k
Solvency
35.9%▼
2024 · 44.2%
Current ratio
1.77▼
2024 · 1.89
Quick ratio
1.77▼
2024 · 1.89
Debt / equity
1.79▲
2024 · 1.26
ROE
78.2%▲
2024 · 30.4%
ROA
28.1%▲
2024 · 13.4%
Interest coverage
29.65▲
2024 · 25.01
Debt
€1.03M▲
2024 · €537k
Debt ≤ 1 year
€853k▲
2024 · €462k
Income taxes
€81k▲
2024 · €23k
Staff costs
€1.31M▲
2024 · €901k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€962k€1.60M▲
Fixed assets21/28€89k€94k▲
Intangible fixed assets21€21-
Tangible fixed assets22/27€24k€24k▲
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€19k€20k▲
Financial fixed assets28€65k€70k▲
Current assets29/58€874k€1.51M▲
Amounts receivable within one year40/41€338k€321k▼
Trade receivables40€269k€211k▼
Other amounts receivable41€69k€110k▲
Current investments50/53€406k€611k▲
Cash at bank and in hand54/58€112k€549k▲
Deferred charges and accrued income490/1€18k€29k▲
Equity and liabilities
Total equity and liabilities10/49€962k€1.60M▲
Equity10/15€425k€576k▲
Contributions10/11€10k€10k=
Reserves13€415k€565k▲
Distributable reserves133€415k€565k▲
Profit (loss) carried forward14€457€548▲
Amounts payable17/49€537k€1.03M▲
Amounts payable within one year42/48€462k€853k▲
Trade debts44€373k€362k▼
Suppliers440/4€373k€362k▼
Taxes, remuneration and social security45€90k€191k▲
Taxes450/3-€22k
Remuneration and social security454/9€90k€169k▲
Other amounts payable47/48-€300k
Accrued charges and deferred income492/3€75k€175k▲
Income statement
Code20242025
Remuneration, social security and pensions62€901k€1.31M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€12k▲
Other operating charges640/8€94k€5k▼
Gross operating margin9900€1.15M€1.86M▲
Operating profit (loss)9901€143k€535k▲
Financial income75/76B€15k€15k▲
Recurring financial income75€15k€15k▲
Financial charges65/66B€6k€18k▲
Recurring financial charges65€6k€18k▲
Profit (loss) for the period before taxes9903€152k€532k▲
Income taxes67/77€23k€81k▲
Profit (loss) for the period9904€129k€450k▲
Profit (loss) for the period to be appropriated9905€129k€450k▲
Appropriation of the result
Profit (loss) to be appropriated9906€130k€451k▲
Profit (loss) brought forward from the previous period14P€455€457▲
Transfer to equity691/2€129k€150k▲
To other reserves6921€129k€150k▲
Profit to be distributed694/7-€300k
Return on contributions (dividend)694-€300k
Social balance
Average headcount (FTE)908711.114.6▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2020net €450k ▲249%
Operating result €535k, net result €450k, both a record.
31-12
Financial
Equity above €500kEq €576k ▲35.4%
6 profitable years in a row build equity to €576k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
31-12
Financial
Equity above €200kEq €296k ▲125%
4 profitable years in a row build equity to €296k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Equity above €100kEq €132k ▲61.6%
3 profitable years in a row build equity to €132k.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Destelbergen · 2 establishment units since 2020
Cannot 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.
Houtstraat 72A9070 DestelbergenGround area
3,859 m²
Building footprint
848 m²
Volume, LiDAR
4,204 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
HAEDES
since 20202.299.076.875
Kortewagenstraat 53, 9230 Wetteren
since 20222.334.543.738
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025A0407/00D000 | Flanders | 2,630 m² | 1 · 718 m² | 8.2 m · 2 fl. |
| 44013B0005/00X000 | Flanders | 1,229 m² | 1 · 129 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 17 entries · 995,480 EUR awarded · 292,249 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 6 | 248,616 EUR | 237,000 EUR |
| 2024 | 4 | 666,764 EUR | 149 EUR |
| 2023 | 3 | 0 EUR | 42,600 EUR |
| 2022 | 4 | 80,100 EUR | 12,500 EUR |
Schemes
Baekeland-mandaat
Innovatiemandaat
Innovatieprojecten in de context van een speerpuntcluster
Subsidies voor internationaal ondernemen
Werkbaarheidscheque (stopgezet)
Show 2 more
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
European Union, budget
2022 · 1 entry · 401,627 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2022 | 1 | 401,627 EUR |
Projects
101083481 - WE-ACT - WATER EFFICIENT ALLOCATION IN A CENTRAL ASIAN TRANSBOUNDARY RIVER BASIN
European research
1 project · 401,625 EUR EU contributionProgrammes
HORIZON
Projects
Water Efficient Allocation in a Central Asian Transboundary River Basin
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Of 11,553 companies in sector 71121 we hold annual accounts for 6,555. 4,231 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2020
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:renaat.desutter@haedes.eu
Phone:0032485556076