HeBoStar
ActiveSummary
HeBoStar has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,261 and a net result of €2,269. Equity is growing by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 7586 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-23
Solvency79▲+21
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.51 against 1.37 in 2024; short-term debt: 34.9% and cash: 2% of total assets), and 45.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
54.1%
Return on assets
1.4%
Age of the figures
9 mo
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 17-05-2026, 75 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
75 d early
2024
25 d early
2023
128 d early
2022
125 d early
2021
109 d early
2020
31 d late
2019
19 d late
← 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 59 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 13 April (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€90,261▲ 2.6%
2024 · €87,992
Total assets
€166,709▼ 37.8%
2024 · €267,964
Net result
€2,269▼ 77.2%
2024 · €9,946
Working capital
€87,591▲ 38.3%
2024 · €63,339
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,851▲ 180%€43,558▲ 1.7%€156▼ 99.6%€3,894▲ 2,403%-€636
Net result€34,960above the sector's middle half▲ 130%€35,725above the sector's middle half▲ 2.2%€4,195within the sector's middle half▼ 88.3%€9,946within the sector's middle half▲ 137%€2,269within the sector's middle half▼ 77.2%
Equity€42,386within the sector's middle half▲ 471%€76,252within the sector's middle half▲ 79.9%€78,046within the sector's middle half▲ 2.4%€87,992within the sector's middle half▲ 12.7%€90,261within the sector's middle half▲ 2.6%
Total assets€140,906within the sector's middle half▲ 295%€222,507within the sector's middle half▲ 57.9%€165,956within the sector's middle half▼ 25.4%€267,964within the sector's middle half▲ 61.5%€166,709within the sector's middle half▼ 37.8%
Debt€98,520▲ 249%€146,255▲ 48.5%€87,910▼ 39.9%€179,972▲ 105%€76,448▼ 57.5%
Working capital€36,405within the sector's middle half▲ 578%€56,146within the sector's middle half▲ 54.2%€55,270within the sector's middle half▼ 1.6%€63,339within the sector's middle half▲ 14.6%€87,591above the sector's middle half▲ 38.3%
Solvency30.1%within the sector's middle half▲ 9.3pp34.3%within the sector's middle half▲ 4.2pp47.0%within the sector's middle half▲ 12.8pp32.8%within the sector's middle half▼ 14.2pp54.1%within the sector's middle half▲ 21.3pp
Current ratio1.48within the sector's middle half▲ 0.291.49within the sector's middle half▲ 0.011.82within the sector's middle half▲ 0.331.37within the sector's middle half▼ 0.452.51within the sector's middle half▲ 1.14
Return on assets (ROA)24.8%above the sector's middle half▼ 17.7pp16.1%within the sector's middle half▼ 8.8pp2.5%within the sector's middle half▼ 13.5pp3.7%within the sector's middle half▲ 1.2pp1.4%within the sector's middle half▼ 2.4pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €636 after €3,894 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €166,709
Fixed assets
€20,985 ▼ 36.7%
Current assets
€145,724 ▼ 37.9%
Equity and liabilities €166,709
Equity
€90,261 ▲ 2.6%
Debt
€76,448 ▼ 57.5%
Debt's share of the balance-sheet total falls from 67.2% to 45.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,953▼
2024 · €18,188
Cash flow
€16,858▼
2024 · €24,239
Quick ratio
0.93▲
2024 · 0.65
Debt to equity
0.85▼
2024 · 2.05
ROE
2.5%▼
2024 · 11.3%
Interest coverage
3.59▼
2024 · 7.01
Debt ≤ 1 year
€58,134▼
2024 · €171,462
Debt > 1 year
€14,382▲
2024 · €8,390
Income taxes
€2,182▼
2024 · €5,320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,739 | €8,495 | €13,883 | €14,293 | €14,589 | ▲ 2.1% |
| Other operating charges640/8 | €1,845 | €2,961 | €2,283 | €2,087 | €2,265 | ▲ 8.5% |
| Gross operating margin9900 | €46,434 | €55,014 | €16,321 | €20,274 | €16,218 | ▼ 20.0% |
| Operating profit (loss)9901 | €42,851 | €43,558 | €156 | €3,894 | -€636 | ▼ 116% |
| Financial income75/76B | €7,901 | €11,058 | €10,300 | €13,966 | €8,967 | ▼ 35.8% |
| Recurring financial income75 | €7,901 | €11,058 | €10,300 | €13,966 | €8,967 | ▼ 35.8% |
| Financial charges65/66B | €2,045 | €2,864 | €3,669 | €2,595 | €3,882 | ▲ 49.6% |
| Recurring financial charges65 | €2,045 | €2,864 | €3,669 | €2,595 | €3,882 | ▲ 49.6% |
| Profit (loss) for the period before taxes9903 | €48,707 | €51,752 | €6,786 | €15,266 | €4,450 | ▼ 70.8% |
| Income taxes67/77 | €13,747 | €16,028 | €2,591 | €5,320 | €2,182 | ▼ 59.0% |
| Profit (loss) for the period9904 | €34,960 | €35,725 | €4,195 | €9,946 | €2,269 | ▼ 77.2% |
| Profit (loss) for the period to be appropriated9905 | €34,960 | €35,725 | €4,195 | €9,946 | €2,269 | ▼ 77.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140,906 | €222,507 | €165,956 | €267,964 | €166,709 | ▼ 37.8% |
| Fixed assets21/28 | €28,379 | €51,895 | €43,152 | €33,163 | €20,985 | ▼ 36.7% |
| Tangible fixed assets22/27 | €27,929 | €51,445 | €42,702 | €32,713 | €20,535 | ▼ 37.2% |
| Plant, machinery and equipment23 | €1,692 | €11,428 | €11,731 | €9,023 | €6,878 | ▼ 23.8% |
| Furniture and vehicles24 | €26,237 | €40,016 | €30,971 | €20,647 | €11,241 | ▼ 45.6% |
| Other tangible fixed assets26 | - | - | - | €3,044 | €2,416 | ▼ 20.6% |
| Financial fixed assets28 | €450 | €450 | €450 | €450 | €450 | = |
| Current assets29/58 | €112,527 | €170,613 | €122,804 | €234,801 | €145,724 | ▼ 37.9% |
| Stocks and contracts in progress3 | €36,437 | €89,342 | €58,757 | €122,941 | €91,550 | ▼ 25.5% |
| Stocks30/36 | €36,437 | €89,342 | €58,757 | €122,941 | €91,550 | ▼ 25.5% |
| Amounts receivable within one year40/41 | €68,379 | €50,966 | €49,098 | €46,246 | €36,079 | ▼ 22.0% |
| Trade receivables40 | €66,015 | €36,138 | €40,352 | €34,578 | €28,294 | ▼ 18.2% |
| Other amounts receivable41 | €2,365 | €14,828 | €8,746 | €11,668 | €7,785 | ▼ 33.3% |
| Cash at bank and in hand54/58 | €4,782 | €26,885 | €8,281 | €60,130 | €3,287 | ▼ 94.5% |
| Deferred charges and accrued income490/1 | €2,929 | €3,419 | €6,668 | €5,484 | €14,808 | ▲ 170% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140,906 | €222,507 | €165,956 | €267,964 | €166,709 | ▼ 37.8% |
| Equity10/15 | €42,386 | €76,252 | €78,046 | €87,992 | €90,261 | ▲ 2.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €23,794 | €57,660 | €59,454 | €69,400 | €71,669 | ▲ 3.3% |
| Non-distributable reserves130/1 | €1,859 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €0 | - | - | - | - |
| Distributable reserves133 | €21,935 | €57,660 | €59,454 | €69,400 | €71,669 | ▲ 3.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €98,520 | €146,255 | €87,910 | €179,972 | €76,448 | ▼ 57.5% |
| Amounts payable after more than one year17 | €21,239 | €31,481 | €20,050 | €8,390 | €14,382 | ▲ 71.4% |
| Financial debts170/4 | €21,239 | €31,481 | €20,050 | €8,390 | €14,382 | ▲ 71.4% |
| Amounts payable within one year42/48 | €76,122 | €114,467 | €67,534 | €171,462 | €58,134 | ▼ 66.1% |
| Current portion of amounts payable after more than one year42 | €5,421 | €11,675 | €11,909 | €53,660 | €15,435 | ▼ 71.2% |
| Financial debts43 | €10,000 | €54,304 | €1,594 | €0 | €6,453 | - |
| Credit institutions430/8 | €10,000 | €54,304 | €1,594 | €0 | €6,453 | - |
| Trade debts44 | €51,992 | €42,341 | €49,415 | €113,023 | €30,029 | ▼ 73.4% |
| Suppliers440/4 | €51,992 | €42,341 | €49,415 | €113,023 | €30,029 | ▼ 73.4% |
| Taxes, remuneration and social security45 | €6,282 | €6,147 | €3,599 | €4,780 | €6,216 | ▲ 30.1% |
| Taxes450/3 | €6,282 | €6,147 | €3,599 | €4,780 | €6,216 | ▲ 30.1% |
| Other amounts payable47/48 | €2,427 | €0 | €1,016 | €0 | - | - |
| Accrued charges and deferred income492/3 | €1,158 | €308 | €326 | €119 | €3,933 | ▲ 3,195% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,960 | €35,725 | €4,195 | €9,946 | €2,269 | ▼ 77.2% |
| + Depreciation and write-downs630 | €1,739 | €8,495 | €13,883 | €14,293 | €14,589 | ▲ 2.1% |
| Operating cash flow (approximation) | €36,699 | €44,220 | €18,078 | €24,239 | €16,858 | ▼ 30.5% |
| Investment in fixed assets (approximation) | - | -€32,010 | -€5,141 | -€4,304 | -€2,410 | ▲ 44.0% |
| Change in cash | - | €22,104 | -€18,604 | €51,849 | -€56,843 | ▼ 210% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €2,269 ▼77.2%
Net result drops to €2,269, the lowest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €35,725 ▲2.2%
Operating result €43,558, net result €35,725, both a record.
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.19
Current ratio from 0.52 to 1.19.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 48 days late
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.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Stekene · 1 establishment unit since 2002
Ground area
1,664 m²
Building footprint
95 m²
Volume, LiDAR
505 m³
Parcel 46011B0534/00W000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HeBoStar
since 20022.101.915.962
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46011B0534/00W000 | Flanders | 1,663 m² | 1 · 95 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 13,178 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-11-1999
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
46130Agents in the wholesale of timber and building materials
81220Other building cleaning and industrial cleaning
Contact
Website
www.webwinkel.hebostar.be
E-mail
info@hebostar.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467269685
Also
9925:BE0467269685
Registered
07-02-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.