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HE-CO CONSTRUCT

Active
Private limited company (pre-2019)·Schrijnwerk· 9 yrs active
Kapelstraat 22 ·3950 Bocholt, Belgium
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BE 0657.916.950
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Turnover
EBIT margin
Net result€31k-31.0%
Working capital€607k-8.7%
Directors2
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Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 31-08-2023 with the NBB · fiscal year 2022 · verkort
€-50k€0€50k€100kOperating result 2018: €106k€106kNet result 2018: €79k€79kOperating result 2019: €42k€42kNet result 2019: €-985€-985Operating result 2020: €110k€110kNet result 2020: €38k€38kOperating result 2021: €90k€90kNet result 2021: €45k€45kOperating result 2022: €105k€105kNet result 2022: €31k€31k20182019202020212022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 43 — Specialised construction · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 11.0% 19.1%
better than 33% of 76 sector peers
Net result €31k €31k
better than 51% of 76 sector peers
Equity €241k €76k
better than 80% of 76 sector peers
Gross operating margin €1.09M €189k
better than 86% of 76 sector peers
Staff costs €899k €271k
higher than 85% of 49 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€180k
+3.7% 18–22
Net profit
€31k
-31.0% 18–22
Cash flow
€107k
-17.3% 18–22
Total assets
€2.19M
+30.2% 18–22
Equity
€241k
+14.9% 18–22
Working capital
€607k
-8.7% 18–22
Employees (FTE)
14
+9.2% 18–22
Staff costs
€899k
+17.1% 18–22
Income taxes
€16k
-19.9% 18–22
Debt
€1.95M
+32.3% 18–22
Debt ≤ 1y
€1.42M
+66.2% 18–22
Debt > 1y
€534k
-14.1% 18–22
Current ratio
1.43
-19.7% 18–22
Quick ratio
0.58
-19.3% 18–22
Solvency
11.0%
-11.7% 18–22
Debt / equity
8.11
+15.2% 18–22
ROE
13.0%
-39.9% 18–22
ROA
1.4%
-47.0% 18–22
Interest coverage
2.85
-58.8% 18–22
Figures by fiscal year
Fiscal year2022
Revenue
EBITDA€180k
Net profit€31k
Cash flow€107k
Staff costs€899k
Income taxes€16k
Dividends
Total assets€2.19M
Equity€241k
Debt€1.95M
of which ≤ 1y€1.42M
of which > 1y€534k
Working capital€607k
Employees (FTE)14.2
Ratios (computed)
2022
Current ratio1.43
Quick ratio0.58
Working capital ratio27.7%
Solvency11.0%
Debt / equity8.11
Long-term debt ratio2.22
Interest coverage2.85
Gross margin
Net margin
ROA1.4%
ROE13.0%
EBITDA margin
Days sales outstanding
Days payable outstanding
Inventory turnover
Days inventory (DSI)
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet — Assets
TOTAL ASSETS 20/58€2.19M
Fixed assets 21/28€168k
Tangible fixed assets 22/27€151k
Financial fixed assets 28€17k
Current assets 29/58€2.03M
Stocks & contracts in progress 3€1.21M
Amounts receivable within one year 40/41€649k
Cash & bank 54/58€72k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.19M
Equity 10/15€241k
Contributions / capital 10/11€19k
Reserves 13€222k
Amounts payable 17/49€1.95M
Amounts payable after one year 17€534k
Amounts payable within one year 42/48€1.42M
Trade debts payable within one year 44€1.08M
Income statement
Gross operating margin 9900€1.09M
Operating result 9901€105k
Financial income 75€6k
Financial charges 65€63k
Result before taxes 9903€48k
Income taxes 67/77€16k
Net result for the period 9904€31k
Result to be appropriated 9905€31k
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Ratios computed by Checked.

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FY 2022 · computed
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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.