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HEC Liège Advisory

Active Risk: very low
Non-profit associationfounded 1991active for 35 yearsRue Louvrex 14, 4000 Liège, BelgiumKBO/BCE: BE 0443.167.858

From the official registers: KBO 29 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

HEC Liège Advisory has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2019 annual accounts show equity of €8,421 and a net result of €610. The computed 12-month bankruptcy probability is below 0.1% (very low).

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HEC Liège AdvisoryActive
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Overview

Official details

KBO
Status
Active since 31-01-1991 Normal situation
Registered office
15 active companies are registered at this address Source: KBO register, as of 1 November 2026.
Activity
Market research and public opinion polling NACE 73200
Establishment unit
2.052.543.754 4000 Liège, since 29-04-1991
Financial year end
31 December
Peppol
Reachable
Company details

Board and ownership

Board
Board & ownership

Financial position

Bankruptcy probabilitywithin 12 months
< 0.1%
2019 figures too old to score
Annual accounts 2019
Gross margin
€1,690
▲ 31.1%
Turnover
≈ €9,200
estimated
Surplus
€610
Equity
€8,421
▲ 7.8%
Total assets
€8,876
▲ 1.8%
2020 accounts not filed, 1919 days past the deadline
Filed on 31-08-2020PDF
Financials
Signalsraises riskFigures for financial year 2019 (filed on 08-09-2020)Size: total assets €8,8762019 accounts filed 31 days latelowers riskLegal form: non-profit associationLiquidity: current ratio 19.50, cash €8,047neutralNo filing for yearsShow the evidence

Bankruptcy probability

No current score
Figures too old
The latest figures are for FY 2019. They are too old for a current score.
Filing: Five or more annual filings are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2019 · tick: 2018
Strong
Solvency 100=
equity 94.9% of total assets
Liquidity 100+21
short-term debt 5.1% · cash 90.7%
Profitability 55+22
return on assets 6.9%
Bankruptcy probability within 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 0.2% (11,227 companies, NACE 73, micro)
Last 24 months 11-2024: < 0.1%highest value 12-2024: < 0.1%● unchanged vs 11-2024highest value 01-2025: < 0.1%● unchanged vs 12-2024highest value 02-2025: < 0.1%● unchanged vs 01-2025highest value 03-2025: < 0.1%● unchanged vs 02-2025highest value 04-2025: < 0.1%● unchanged vs 03-2025highest value 05-2025: < 0.1%● unchanged vs 04-2025highest value 06-2025: < 0.1%● unchanged vs 05-2025highest value 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025highest value 09-2025: < 0.1%● unchanged vs 08-2025highest value 10-2025: < 0.1%● unchanged vs 09-2025highest value 11-2025: < 0.1%● unchanged vs 10-2025highest value 12-2025: < 0.1%● unchanged vs 11-2025highest value 01-2026: < 0.1%● unchanged vs 12-2025highest value 02-2026: < 0.1%● unchanged vs 01-2026highest value 03-2026: < 0.1%● unchanged vs 02-2026highest value 04-2026: < 0.1%● unchanged vs 03-2026highest value 05-2026: < 0.1%● unchanged vs 04-2026highest value 06-2026: < 0.1%● unchanged vs 05-2026highest value 07-2026: < 0.1%● unchanged vs 06-2026highest value 08-2026: < 0.1%● unchanged vs 07-2026highest value 09-2026: < 0.1%● unchanged vs 08-2026highest value 10-2026: < 0.1%● unchanged vs 09-2026highest value
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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
raises risk · Figures for financial year 2019 (filed on 08-09-2020)
NBB · annual accounts
raises risk · Size: total assets €8,876
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 19.50, cash €8,047
NBB · annual accounts
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
31-12-2020 year end31-07-2021 deadline01-11-2026 today
raises risk · 2019 accounts filed 31 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-08-2020, 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
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its 2019 accounts 31 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Board changedlatest change 20-03-2026 · 4 in office 4 joined · 4 left View

Comparable companies

These companies have the same main activity as HEC Liège Advisory: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €6,920 and €10,500, founded between 1987 and 1993.

CompanyTotal assetsGross margin
HEC Liège Advisory Liège€8,876€1,690
HL SERVICES Ham-sur-Heure-Nalinnes€8,057€1,560
BUSINESS WILBRI Sint-Jans-Molenbeek€9,483€892
ROSEN ASSOCIES Elsene€7,327-€220
MECAMETAL ENGINEERING Mons€6,920-€4,624
BEAM Ukkel€10,451-€374
A la bonne heure Enghien€9,424-€7,836
Full comparison

Documents

Annual accounts at the NBB

All 29 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about HEC Liège Advisory
What is the company number of HEC Liège Advisory?
The company number of HEC Liège Advisory is 0443.167.858. The VAT number is the same number with BE in front: BE 0443.167.858.
Where is HEC Liège Advisory based?
The registered office is at Rue Louvrex 14, 4000 Liège.Company details
What does HEC Liège Advisory do?
According to the KBO register, the main activity is market research and public opinion polling (NACE 73200).
What is the legal form of HEC Liège Advisory?
The legal form of HEC Liège Advisory is Non-profit association (VZW).
When was HEC Liège Advisory founded?
HEC Liège Advisory was founded on 31-01-1991.
Is HEC Liège Advisory still active?
Yes, HEC Liège Advisory is an active enterprise in the KBO register.
What is the turnover of HEC Liège Advisory?
The turnover in financial year 2019 is ≈ €9,200. This figure is estimated from the gross margin of €1,690 and 68 comparable companies (NACE 73). It probably lies between €4,900 and €17,000. It is a rough estimate.Financials
Is HEC Liège Advisory profitable?
In financial year 2019, HEC Liège Advisory made a profit of €610.
Where can I find the annual accounts of HEC Liège Advisory?
HEC Liège Advisory filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2019.Annual accounts 2019 (PDF)

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