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HAEZEBROUCK

Active
Private limited companyfounded 1968active for 58 yearsSchatting 56, 8210 Zedelgem, BelgiumKBO/BCE: BE 0405.115.847
Summary

HAEZEBROUCK has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €277,331. Equity is shrinking by about 15% per year across the filed financial years. Its solvency ranks better than 68% of 510 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Construction of roads and motorways
NACE 42110Civil engineering NACE 42911
1 site
Size
€2.7mtotal assets 2025
Staff
5.6 FTE
Equity
€1.5m
Profit
€277,331
Turnover not published (abbreviated format)
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
CEDAX · 99.98%
Accounts filed 31 days late0 of 5 deeds read
Why 95lowers riskFounded in 1968Liquidity: current ratio 2.22, cash €417,068Equity €1.5m (55.1% of total assets)Size: 5.6 FTE, total assets €2.7mShow the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 62% of its sector peers (NACE 42, micro)
Financial strength · tick = 2024
Strong
Solvency 80+2
equity 55.1% of total assets
Liquidity 56-27
short-term debt 31.8% · cash 15.4%
Profitability 82-15
return on assets 10.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,864 companies, NACE 42, 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 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025highest value 09-2025: < 0.1%▼ -0.3 percentage points vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.22, compared with 2.31 in 2024; short-term debt: 31.8% and cash: 15.4% of total assets), and 44.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 42, micro): better than 62% on solvency, 58% on liquidity, 60% on profitability and 67% on growth.

The bankruptcy probability was computed on 12-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskneutral
lowers risk · Founded in 1968
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 2.22, cash €417,068
NBB · annual accounts
lowers risk · Equity €1.5m (55.1% of total assets)
NBB · annual accounts
lowers risk · Size: 5.6 FTE, total assets €2.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
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 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.5m
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. 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
2025
31 days late
2024
29 days late
2023
160 days early
2022
116 days early
2021
96 days early
2020
58 days early
2019
78 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 64 days before the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% 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 26 April (4 of the last 5 filed years within 125 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Back to profitnet €516,054

Key points

  • Caution: Result fell in 2025from €516,054 to €277,331 ▼ 46.3% View
  • Positive: Among the best 16% on equitysector median €330,109 · 510 companies €1.5m View
  • Controlled by CEDAXultimately: ALWEGRO 99.98% View
  • Active since 1968founded 01-01-1968 58 years View

By topic

Financials

Financial year
2025
Total assets
€2.7m
Profit
€277,331
Solvency
55.1%
Total assets▲ 19.1%
Net result
20182025
Go to Financials

Timeline

Events
52
Since
1978
Next accounts
by 31-07-2027
  1. 31-12-2024Equity above €1m
  2. 22-02-2024Annual accounts filed
  3. 06-04-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Construction of roads and motorwaysNACE 42110
Founded
01-01-1968
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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