HAESEVOETS
ActiveSummary
HAESEVOETS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.96M and a net result of €719k. Equity is shrinking by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 1030 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-3
Solvency91▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 2.37 in 2024; short-term debt: 32.6% and cash: 21% of total assets), and 34% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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%
Return on assets
12%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.96M
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
51 d early
2023
30 d early
2022
7 d late
2021
3 d early
2020
45 d early
2019
35 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.96M▲ 22.2%
2024 · €3.24M
2018: €12.10M
2019: €9.20M
2020: €6.07M
2021: €2.36M
2022: €3.29M
2023: €2.47M
2024: €3.24M
2018 → 2025
Total assets
€6.00M▲ 16.8%
2024 · €5.14M
2018: €12.47M
2019: €13.12M
2020: €10.07M
2021: €8.30M
2022: €5.04M
2023: €5.14M
2024: €5.14M
2018 → 2025
Net result
€719k▼ 6.6%
2024 · €770k
2018: €600k
2019: €596k
2020: €375k
2021: €841k
2022: €1.18M
2023: €1.18M
2024: €770k
2018 → 2025
Working capital
€1.60M▼ 33.4%
2024 · €2.41M
2018: €11.21M
2019: €8.44M
2020: €5.73M
2021: €2.04M
2022: €2.61M
2023: €1.83M
2024: €2.41M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.36M-€3.29M▲ 39.3%€2.47M▼ 25.0%€3.24M▲ 31.1%€3.96M▲ 22.2%
Operating result€760k-€1.39M▲ 82.5%€1.63M▲ 17.9%€1.02M▼ 37.8%€938k▼ 7.7%
Net result€841k-€1.18M▲ 40.3%€1.18M▼ 0.1%€770k▼ 34.7%€719k▼ 6.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.00M
Fixed assets
€2.44M ▲ 150%
Current assets
€3.56M ▼ 14.5%
Equity and liabilities €6.00M
Equity
€3.96M ▲ 22.2%
Debt
€2.04M ▲ 7.6%
Debt's share of the balance-sheet total falls from 36.9% to 34.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.30M▲
2024 · €1.21M
Cash flow
€1.09M▲
2024 · €961k
Current ratio
1.82▼
2024 · 2.37
Quick ratio
1.14▼
2024 · 1.42
Debt to equity
0.52▼
2024 · 0.59
ROE
18.2%▼
2024 · 23.7%
ROA
12.0%▼
2024 · 15.0%
Interest coverage
91.78▼
2024 · 170.95
Debt ≤ 1 year
€1.96M▲
2024 · €1.76M
Debt > 1 year
€24k▼
2024 · €95k
Income taxes
€212k▼
2024 · €258k
Staff costs
€1.45M▲
2024 · €1.43M
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.14M€6.00M▲
Fixed assets21/28€977k€2.44M▲
Tangible fixed assets22/27€977k€2.44M▲
Land and buildings22€158k€483k▲
Plant, machinery and equipment23€807k€1.66M▲
Furniture and vehicles24€11k€297k▲
Current assets29/58€4.16M€3.56M▼
Stocks and contracts in progress3€1.67M€1.33M▼
Stocks30/36€1.67M€1.33M▼
Amounts receivable within one year40/41€1.21M€919k▼
Trade receivables40€1.07M€879k▼
Other amounts receivable41€142k€40k▼
Current investments50/53€3€21k▲
Cash at bank and in hand54/58€1.26M€1.26M▲
Deferred charges and accrued income490/1€24k€22k▼
Equity and liabilities
Total equity and liabilities10/49€5.14M€6.00M▲
Equity10/15€3.24M€3.96M▲
Contributions10/11€1.11M€1.11M=
Capital10€1.11M€1.11M=
Issued capital100€1.11M€1.11M=
Reserves13€119k€119k=
Non-distributable reserves130/1€111k€111k=
Legal reserve130€111k€111k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€2.01M€2.73M▲
Amounts payable17/49€1.90M€2.04M▲
Amounts payable after more than one year17€95k€24k▼
Financial debts170/4€95k€24k▼
Amounts payable within one year42/48€1.76M€1.96M▲
Current portion of amounts payable after more than one year42€70k€71k▲
Trade debts44€602k€102k▼
Suppliers440/4€602k€102k▼
Advances received on contracts in progress46€113k-
Taxes, remuneration and social security45€260k€230k▼
Taxes450/3€46k€51k▲
Remuneration and social security454/9€214k€179k▼
Other amounts payable47/48€713k€1.56M▲
Accrued charges and deferred income492/3€46k€60k▲
Income statement
Code20242025
Non-recurring operating income76A€772-
Remuneration, social security and pensions62€1.43M€1.45M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€192k€367k▲
Other operating charges640/8€31k€69k▲
Gross operating margin9900€2.67M€2.82M▲
Operating profit (loss)9901€1.02M€938k▼
Financial income75/76B€18k€7k▼
Recurring financial income75€18k€7k▼
Financial charges65/66B€7k€14k▲
Recurring financial charges65€7k€14k▲
Profit (loss) for the period before taxes9903€1.03M€931k▼
Income taxes67/77€258k€212k▼
Profit (loss) for the period9904€770k€719k▼
Profit (loss) for the period to be appropriated9905€770k€719k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.01M€2.73M▲
Profit (loss) brought forward from the previous period14P€1.24M€2.01M▲
Social balance
Average headcount (FTE)908725.223.9▼
The notes to these accounts (6 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Highest result since 2018net €1.18M ▲40.3%
Net result €1.18M, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.83
Current ratio from 1.35 to 2.83; short-term debt falls from €5.89M to €1.43M.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €375k ▼37%
Net result drops to €375k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Herk-de-Stad · 1 establishment unit since 1990
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.
Industrieweg 10413540 Herk-de-StadGround area
1.6 ha
Building footprint
8,496 m²
Volume, LiDAR
53,576 m³
Parcel 71024A0316/00C000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HAESEVOETS NV
since 19902.046.859.455
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024A0316/00C000 | Flanders | 1.6 ha | 1 · 8,496 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 to 2025 · 7 entries · 44,906 EUR awarded · 44,906 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 13,491 EUR | 13,491 EUR |
| 2024 | 3 | 9,369 EUR | 9,369 EUR |
| 2023 | 1 | 11,662 EUR | 11,662 EUR |
| 2022 | 1 | 10,384 EUR | 10,384 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 747 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
29320Manufacture of motor vehicles, trailers and semi-trailers
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.