Checked.be
Active
BE 0633.789.684Private limited company
HECA STORAGE
Kazandstraat 144 ·8800 Roeselare, Belgium· 11 yrs active
Sector: Development of residential building projects
(68121)
Conclusion
HECA STORAGE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-624) and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 13655 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €-624 |
| Net result | €11k |
| Better than sector | 20% |
| Active | 11 yrs |
Financial profile
49
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
46
Profitability
0
Solvency
65
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2015, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
46
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
35
2020
36
2021
81
2022
73
2023
37
2024
46
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.95 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.95 (≥ 1.0)
+5
Equity
Negative equity
-25
Profitability
Negatieve ROE -1716%
-10
Interest coverage
Interest coverage 37.1× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-02-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~55% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -0.1% | 29.8% | |
| Net result | €11k | €6k | |
| Equity | €-624 | €78k | |
| Gross operating margin | €43k | €41k | |
| Total assets | €621k | €416k |
€35k
-
20-25
€11k
-
20-25
€34k
-
20-25
€621k
-4.3%
20-25
€-624
+94.5%
20-25
€35k
+6.9%
20-25
€334
-93.2%
20-25
€622k
-5.8%
20-25
€37k
-15.0%
20-25
€584k
-5.2%
20-25
1.95
+11.1%
20-25
1.95
+11.1%
20-25
-0.1%
+94.2%
20-25
-996.64
-1610.6%
20-25
-1716.4%
-
20-25
1.7%
-
20-25
37.14
-
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €35k | €-77k | €45k | €84k | €30k |
| Net profit | €11k | €-102k | €15k | €38k | €2k |
| Cash flow | €34k | €-79k | €37k | €61k | €25k |
| Staff costs | - | - | - | - | - |
| Income taxes | - | €334 | €5k | €14k | €1k |
| Dividends | - | - | - | - | - |
| Total assets | €621k | €649k | €1.38M | €1.27M | €883k |
| Equity | €-624 | €-11k | €90k | €76k | €38k |
| Debt | €622k | €660k | €1.29M | €1.19M | €846k |
| of which ≤ 1y | €37k | €44k | €69k | €52k | €701k |
| of which > 1y | €584k | €616k | €1.22M | €1.14M | €145k |
| Working capital | €35k | €33k | €729k | €609k | €-445k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.95 | 1.75 | 11.54 | 12.78 | 0.37 |
| Quick ratio | 1.95 | 1.75 | 1.11 | 1.15 | 0.17 |
| Working capital ratio | 5.7% | 5.1% | 52.7% | 48.0% | -50.4% |
| Solvency | -0.1% | -1.7% | 6.5% | 6.0% | 4.3% |
| Debt / equity | -996.64 | -58.26 | 14.31 | 15.74 | 22.46 |
| Long-term debt ratio | -936.75 | -54.38 | 13.54 | 15.06 | 3.84 |
| Interest coverage | 37.14 | -46.46 | 17.74 | 8.44 | 7.29 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 1.7% | -15.7% | 1.1% | 3.0% | 0.2% |
| ROE | -1716.4% | 898.2% | 16.2% | 50.3% | 5.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €621k | €649k | €1.38M | €1.27M | €883k |
| Fixed assets | 21/28 | €548k | €572k | €586k | €609k | €628k |
| Tangible fixed assets | 22/27 | €548k | €572k | €586k | €609k | €628k |
| Current assets | 29/58 | €73k | €77k | €798k | €660k | €256k |
| Stocks & contracts in progress | 3 | - | - | €722k | €601k | €135k |
| Amounts receivable within one year | 40/41 | €43k | €51k | €63k | €38k | €70k |
| Cash & bank | 54/58 | €29k | €26k | €14k | €21k | €51k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €621k | €649k | €1.38M | €1.27M | €883k |
| Equity | 10/15 | €-624 | €-11k | €90k | €76k | €38k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | - | - | €72k | €57k | €19k |
| Accumulated profits (losses) | 14 | €-19k | €-30k | - | - | - |
| Amounts payable | 17/49 | €622k | €660k | €1.29M | €1.19M | €846k |
| Amounts payable after one year | 17 | €584k | €616k | €1.22M | €1.14M | €145k |
| Amounts payable within one year | 42/48 | €37k | €44k | €69k | €52k | €701k |
| Trade debts payable within one year | 44 | €5k | €1k | €25k | €80 | €66k |
| Income statement | ||||||
| Gross operating margin | 9900 | €43k | €-70k | €52k | €107k | €37k |
| Operating result | 9901 | €12k | €-100k | €22k | €62k | €8k |
| Financial income | 75 | - | €0 | €0 | - | €0 |
| Financial charges | 65 | €945 | €2k | €3k | €10k | €4k |
| Result before taxes | 9903 | €11k | €-101k | €20k | €52k | €3k |
| Income taxes | 67/77 | - | €334 | €5k | €14k | €1k |
| Net result for the period | 9904 | €11k | €-102k | €15k | €38k | €2k |
| Result to be appropriated | 9905 | €11k | €-102k | €15k | €38k | €2k |
Legal Structure
| NACE primary | Development of residential building projects(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 13-07-2015 |
| Status | Active |
| Postal code | 8800 |
Establishment units
HECA STORAGE
since 20152.245.708.168
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A0028/00N000 | Flanders | 1,295 m² | 1 · 236 m² | 8.9 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-102k ▼795%
Net result drops to €-102k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €38k ▲1633%
Operating result €62k, net result €38k, both a record.
31-12
Financial
Liquidity times 35current ratio 12.78
Current ratio from 0.37 to 12.78; short-term debt falls from €701k to €52k.
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Development of residential building projects68121General construction of residential buildings41001Civil engineering42990Site preparation43120Wholesale of construction materials, general range46831Air transport51100Warehousing and support activities for transportation52230Activities of building architects71111Engineering and related technical consultancy, excluding land surveyors71121Rental and leasing activities77350Sports and recreation education85510Education85532Other education85599Operation of sports facilities93110Other sports activities93199
Names & trade names
| Legal nameNL | HECA STORAGE |
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