HEBU
ActiveSummary
HEBU has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €72,089 and a net result of -€8,488. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 7461 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability24▼-7
Solvency54▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.31 in 2023; short-term debt: 69.8% of total assets), and 70.7% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
29.3%
Return on assets
-3.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€8,488
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
88 d late
2022
68 d late
2021
33 d early
2020
188 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 79 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#4 oldest company in Peer, Construction sector
Equity
€72,089▼ 10.5%
2023 · €80,577
Total assets
€246,054▼ 16.4%
2023 · €294,159
Net result
-€8,488▼ 34.9%
2023 · -€6,290
Working capital
€64,525▼ 1.9%
2023 · €65,776
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Operating result€64,105▼ 21.3%€42,656▼ 33.5%-€54,160€2,583€2,461▼ 4.7%
Net result€44,081within the sector's middle half▲ 1,980%€18,405within the sector's middle half▼ 58.2%-€61,682below the sector's middle half-€6,290below the sector's middle half▲ 89.8%-€8,488below the sector's middle half▼ 34.9%
Equity€130,144within the sector's middle half▲ 51.2%€148,549within the sector's middle half▲ 14.1%€86,867below the sector's middle half▼ 41.5%€80,577below the sector's middle half▼ 7.2%€72,089below the sector's middle half▼ 10.5%
Total assets€434,887within the sector's middle half▼ 0.7%€432,956within the sector's middle half▼ 0.4%€377,826below the sector's middle half▼ 12.7%€294,159below the sector's middle half▼ 22.1%€246,054below the sector's middle half▼ 16.4%
Debt€304,743▼ 13.4%€284,407▼ 6.7%€290,959▲ 2.3%€213,582▼ 26.6%€173,965▼ 18.5%
Working capital€103,838within the sector's middle half▲ 72.3%€119,973within the sector's middle half▲ 15.5%€59,905within the sector's middle half▼ 50.1%€65,776within the sector's middle half▲ 9.8%€64,525within the sector's middle half▼ 1.9%
Solvency29.9%within the sector's middle half▲ 10.3pp34.3%within the sector's middle half▲ 4.4pp23.0%within the sector's middle half▼ 11.3pp27.4%within the sector's middle half▲ 4.4pp29.3%within the sector's middle half▲ 1.9pp
Current ratio1.38within the sector's middle half▲ 0.201.45within the sector's middle half▲ 0.071.21within the sector's middle half▼ 0.241.31within the sector's middle half▲ 0.101.38within the sector's middle half▲ 0.06
Return on assets (ROA)10.1%within the sector's middle half▲ 9.7pp4.3%within the sector's middle half▼ 5.9pp-16.3%below the sector's middle half▼ 20.6pp-2.1%below the sector's middle half▲ 14.2pp-3.4%below the sector's middle half▼ 1.3pp
Staff (FTE)4.1within the sector's middle half=4within the sector's middle half▼ 2.4%3.5within the sector's middle half▼ 12.5%3within the sector's middle half▼ 14.3%1.2below the sector's middle half▼ 60.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €246,054
Fixed assets
€9,665 ▼ 42.1%
Current assets
€236,389 ▼ 14.8%
Equity and liabilities €246,054
Equity
€72,089 ▼ 10.5%
Debt
€173,965 ▼ 18.5%
Debt's share of the balance-sheet total falls from 72.6% to 70.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,957▼
2023 · €16,652
Cash flow
€1,008▼
2023 · €7,778
Quick ratio
0.94▲
2023 · 0.73
Debt to equity
2.41▼
2023 · 2.65
ROE
-11.8%▼
2023 · -7.8%
Interest coverage
1.09▼
2023 · 1.84
Debt ≤ 1 year
€171,864▼
2023 · €211,680
Income taxes
€140▲
2023 · €137
Staff costs
€84,109▼
2023 · €186,146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 2,448 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €207,895 | €200,105 | €186,146 | €84,109 | ▼ 54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,443 | €20,345 | €14,128 | €14,069 | €9,496 | ▼ 32.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€2,000 | - |
| Other operating charges640/8 | - | €8,208 | €3,157 | €3,952 | €6,423 | ▲ 62.6% |
| Non-recurring operating charges66A | - | - | €9,679 | - | €3,652 | - |
| Gross operating margin9900 | €321,908 | €279,104 | €172,909 | €206,750 | €104,141 | ▼ 49.6% |
| Operating profit (loss)9901 | €64,105 | €42,656 | -€54,160 | €2,583 | €2,461 | ▼ 4.7% |
| Financial income75/76B | - | €1,396 | €442 | €314 | €147 | ▼ 53.1% |
| Recurring financial income75 | €541 | €1,396 | €442 | €314 | €147 | ▼ 53.1% |
| Financial charges65/66B | - | €9,866 | €7,842 | €9,051 | €10,956 | ▲ 21.1% |
| Recurring financial charges65 | €8,362 | €9,866 | €7,842 | €9,051 | €10,956 | ▲ 21.1% |
| Profit (loss) for the period before taxes9903 | €56,284 | €34,186 | -€61,560 | -€6,154 | -€8,348 | ▼ 35.7% |
| Income taxes67/77 | €12,203 | €15,780 | €121 | €137 | €140 | ▲ 2.1% |
| Profit (loss) for the period9904 | €44,081 | €18,405 | -€61,682 | -€6,290 | -€8,488 | ▼ 34.9% |
| Profit (loss) for the period to be appropriated9905 | €44,081 | €18,405 | -€61,682 | -€6,290 | -€8,488 | ▼ 34.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €434,887 | €432,956 | €377,826 | €294,159 | €246,054 | ▼ 16.4% |
| Fixed assets21/28 | €54,995 | €43,651 | €30,772 | €16,703 | €9,665 | ▼ 42.1% |
| Tangible fixed assets22/27 | €54,995 | €43,651 | €30,772 | €16,703 | €9,665 | ▼ 42.1% |
| Plant, machinery and equipment23 | - | €10,731 | €9,224 | €6,527 | €4,806 | ▼ 26.4% |
| Furniture and vehicles24 | - | €23,800 | €16,988 | €10,176 | €4,859 | ▼ 52.3% |
| Leasing and similar rights25 | - | €9,119 | €4,560 | - | - | - |
| Current assets29/58 | €379,891 | €389,305 | €347,054 | €277,455 | €236,389 | ▼ 14.8% |
| Stocks and contracts in progress3 | €143,153 | €238,509 | €135,205 | €123,466 | €75,000 | ▼ 39.3% |
| Stocks30/36 | - | €129,509 | €135,205 | €123,466 | €65,000 | ▼ 47.4% |
| Contracts in progress37 | - | €109,000 | - | - | €10,000 | - |
| Amounts receivable within one year40/41 | €174,262 | €128,845 | €206,339 | €144,939 | €157,608 | ▲ 8.7% |
| Trade receivables40 | - | €109,719 | €189,947 | €129,001 | €141,299 | ▲ 9.5% |
| Other amounts receivable41 | - | €19,126 | €16,393 | €15,938 | €16,309 | ▲ 2.3% |
| Cash at bank and in hand54/58 | - | €17,448 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €4,504 | €5,510 | €9,050 | €3,781 | ▼ 58.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €434,887 | €432,956 | €377,826 | €294,159 | €246,054 | ▼ 16.4% |
| Equity10/15 | €130,144 | €148,549 | €86,867 | €80,577 | €72,089 | ▼ 10.5% |
| Contributions10/11 | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €99,157 | €117,562 | €55,881 | €49,590 | €41,102 | ▼ 17.1% |
| Non-distributable reserves130/1 | - | €3,099 | €3,099 | - | - | - |
| Reserves not available under the articles1311 | - | €3,099 | €3,099 | - | - | - |
| Distributable reserves133 | - | €114,463 | €52,782 | €49,590 | €41,102 | ▼ 17.1% |
| Profit (loss) carried forward14 | €41,224 | - | - | - | - | - |
| Amounts payable17/49 | €304,743 | €284,407 | €290,959 | €213,582 | €173,965 | ▼ 18.5% |
| Amounts payable after more than one year17 | €27,493 | €13,073 | €1,848 | - | - | - |
| Financial debts170/4 | - | €13,073 | €1,848 | - | - | - |
| Amounts payable within one year42/48 | €276,054 | €269,332 | €287,149 | €211,680 | €171,864 | ▼ 18.8% |
| Current portion of amounts payable after more than one year42 | - | €14,419 | €11,225 | €1,848 | - | - |
| Financial debts43 | - | €90,000 | €84,271 | €88,273 | €103,904 | ▲ 17.7% |
| Credit institutions430/8 | - | €90,000 | €84,271 | €88,273 | €103,904 | ▲ 17.7% |
| Trade debts44 | €85,944 | €92,674 | €138,852 | €65,951 | €40,686 | ▼ 38.3% |
| Suppliers440/4 | - | €92,674 | €138,852 | €65,951 | €40,686 | ▼ 38.3% |
| Taxes, remuneration and social security45 | - | €62,695 | €50,271 | €52,430 | €10,875 | ▼ 79.3% |
| Taxes450/3 | - | €30,011 | €16,742 | €12,923 | €10,875 | ▼ 15.8% |
| Remuneration and social security454/9 | - | €32,684 | €33,529 | €39,507 | - | - |
| Other amounts payable47/48 | - | €9,543 | €2,529 | €3,178 | €16,399 | ▲ 416% |
| Accrued charges and deferred income492/3 | - | €2,002 | €1,962 | €1,902 | €2,101 | ▲ 10.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,081 | €18,405 | -€61,682 | -€6,290 | -€8,488 | ▼ 34.9% |
| + Depreciation and write-downs630 | €21,443 | €20,345 | €14,128 | €14,069 | €9,496 | ▼ 32.5% |
| Operating cash flow (approximation) | €65,524 | €38,750 | -€47,554 | €7,778 | €1,008 | ▼ 87.0% |
| Investment in fixed assets (approximation) | - | -€9,000 | -€1,249 | €0 | -€2,457 | - |
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
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 70 days late
2024
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 88 days late
2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 68 days late
2022
31-12
Financial
Weakest financial yearnet -€61,682
Net result drops to -€61,682, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 188 days late
2020
31-12
Financial
Highest result since 2018net €44,081 ▲1,980%
Net result €44,081, the highest in the series.
31-12
Financial
Equity above €100,000Eq €130,144 ▲51.2%
3 profitable years in a row build equity to €130,144.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 38 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Peer · 1 establishment unit since 1988
Ground area
1,119 m²
Building footprint
168 m²
Volume, LiDAR
809 m³
Parcel 72030C0920/00N014, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Maastrichterdijk 53, 3990 Peer
since 19882.036.585.967
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030C0920/00N014 | Flanders | 1,119 m² | 1 · 168 m² | 7.1 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 20,026 companies in sector 43320 we hold annual accounts for 9,139. 7,639 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
Founded16-03-1988
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433697391
Also
9925:BE0433697391
Registered
19-03-2026
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.