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HAEGEMAN DECORATION

Active
Private limited companyfounded 2001active for 25 yearsRue de l'Industrie 3A, 1400 Nivelles, BelgiumKBO/BCE: BE 0473.911.811

From the official registers: KBO 24 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

HAEGEMAN DECORATION has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €951,610 and a net result of -€11,770. Equity has been growing by about 5.4% per year since 2019. Its solvency ranks better than 60% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Official details

KBO
Status
Active since 12-01-2001 Normal situation
Legal form
Private limited company
Registered office
Rue de l'Industrie 3A, 1400 Nivelles
Activity
Painting of buildings NACE 43341and 3 others
Establishment unit
2.131.706.642 1400 Nivelles, since 04-06-2003
Financial year end
31 January
Peppol
Reachable since 09-01-2026

Financial position

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.2%
Annual accounts to 31-01-2025
Gross margin
€228,276
▼ 35.1%
Turnover
≈ €770,000
estimated
Loss
€11,770
Equity
€951,610
▼ 1.9%
Total assets
€1.9m
▲ 2.1%
Staff
1 FTE
=
2026 accounts not filed, 62 days past the deadline
Filed on 16-11-2025PDF
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2025 (filed on 16-11-2025)1 financial year not filed after the legal deadline; last filed accounts filed 77 days late; 1 of the last 3 accounts latelowers riskFounded in 2001Equity €951,610 (49.6% of total assets)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 40% of micro companies in specialised construction (NACE 43)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 75-2
equity 49.6% of total assets
Liquidity 50+2
short-term debt 15.9% · cash 2.6%
Profitability 65-10
return on assets -0.6%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025 09-2025: 0.5%▲ +0.1 percentage points vs 08-2025 10-2025: 0.7%▲ +0.2 percentage points vs 09-2025 11-2025: 1.1%▲ +0.4 percentage points vs 10-2025 12-2025: 0.6%▼ -0.5 percentage points vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.9%▲ +0.3 percentage points vs 08-2026 10-2026: 1.2%▲ +0.3 percentage points vs 09-2026highest value
Credit of up to €50,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 2.58 (2.68 in 2024), above the usual 1.5. Short-term debt is 15.9% and cash 2.6% of total assets. However, 50.4% of the assets are financed with debt and provisions.
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 43, micro). It does better than 54% of them on solvency, 42% on liquidity, 32% on profitability and 32% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

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).

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Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2025 (filed on 16-11-2025)
NBB · annual accounts
lowers risk · Founded in 2001
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 77 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Equity €951,610 (49.6% of total assets)
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-01-2026 was due at the National Bank by 31-08-2026. Nothing is on record, 62 days later.
NBB · 10 filings
Position against the passed deadline
31-01-2026 year end31-08-2026 deadline01-11-2026 today
raises risk · 2025 accounts filed 77 days late
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 16-11-2025, 77 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2026
not filed
2025
77 days late
2024
30 days late
2023
26 days late
2022
30 days late
2021
13 days early
2020
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 25 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €98,267 in 2024 -€11,770 View
  • Caution: Lower net result than 83% of companies in specialised constructionsector median €42,866 · 2,446 companies -€11,770 View

Documents

Annual accounts at the NBB

All 24 annual accounts

Articles and registers

Key facts about HAEGEMAN DECORATION

What is the company number of HAEGEMAN DECORATION?
The company number of HAEGEMAN DECORATION is 0473.911.811. The VAT number is the same number with BE in front: BE 0473.911.811.
Where is HAEGEMAN DECORATION based?
The registered office is at Rue de l'Industrie 3A, 1400 Nivelles.Company details
What does HAEGEMAN DECORATION do?
According to the KBO register, the main activity is painting of buildings (NACE 43341).
What is the legal form of HAEGEMAN DECORATION?
The legal form of HAEGEMAN DECORATION is Private limited company (BV).
When was HAEGEMAN DECORATION founded?
HAEGEMAN DECORATION was founded on 12-01-2001.
Is HAEGEMAN DECORATION still active?
Yes, HAEGEMAN DECORATION is an active enterprise in the KBO register.
How many employees does HAEGEMAN DECORATION have?
HAEGEMAN DECORATION had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HAEGEMAN DECORATION?
The turnover in financial year 2025 is ≈ €770,000. This figure is estimated from the gross margin of €228,276 and 91 comparable companies (NACE 433). It probably lies between €550,000 and €1.1m.
Is HAEGEMAN DECORATION profitable?
In financial year 2025, HAEGEMAN DECORATION made a loss of €11,770.
Where can I find the annual accounts of HAEGEMAN DECORATION?
HAEGEMAN DECORATION filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)

Comparable companies

These companies have the same main activity as HAEGEMAN DECORATION: painting of buildings (NACE 43341). They are comparable in size and age: total assets between €1.1m and €2.6m, founded between 1990 and 2012.

CompanyTotal assetsGross margin
HAEGEMAN DECORATION Nivelles€1.9m€0.2m
BINARD D & L Brugge€1.8m€0.4m
PETER VERSTUYF/HI-TECH-PROTECTION Aalter€1.8m€0.5m
West-Decor Evergem€1.2m€0.3m
SD Maes Stekene€1.2m€0.2m
LOCALUX.BE Attert€1.1m€0.4m
MATTHIJS EN CO Ninove€2.6m€0.4m
Full comparison

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