HECKIMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 04-06-2026 PDF all 35 filings
Turnover
≈ €36,000
Estimated: probably between €16,000 and €85,000
Total assets
€175,106▼ 0.3%
2024 · €175,678
Net result
-€809▲ 57.3%
2024 · -€1,894
Working capital
€39,085▲ 5.5%
2024 · €37,035
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€4,081
▲ 25.7%
2025
20182025
Net result
-€809
▲ 57.3%
2025
20182025
Equity
€128,083
▼ 0.6%
2025
20182025
Total assets
€175,106
▼ 0.3%
2025
20182025
Debt
€47,023
▲ 0.5%
2025
20182025
Working capital
€39,085
▲ 5.5%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€7,566-€3,381▼ 55.3%€3,334▼ 1.4%€223,721▲ 67×-€7,768-€20,399▼ 163%-€5,489▲ 73.1%-€4,081▲ 25.7%
Net result€8,437-€4,202▼ 50.2%€4,217▲ 0.3%€51,173▲ 12×-€7,908-€18,954▼ 140%-€1,894▲ 90.0%-€809▲ 57.3%
Equity€609,206-€613,408▲ 0.7%€617,625▲ 0.7%€668,798▲ 8.3%€660,890▼ 1.2%€130,786▼ 80.2%€128,892▼ 1.4%€128,083▼ 0.6%
Total assets€624,767-€621,426▼ 0.5%€619,322▼ 0.3%€671,012▲ 8.3%€665,275▼ 0.9%€174,496▼ 73.8%€175,678▲ 0.7%€175,106▼ 0.3%
Debt€15,561-€8,018▼ 48.5%€1,698▼ 78.8%€2,213▲ 30.4%€4,384▲ 98.1%€43,709▲ 897%€46,786▲ 7.0%€47,023▲ 0.5%
Working capital€264,195-€276,709▲ 4.7%€296,046▲ 7.0%€571,774▲ 93.1%€580,836▲ 1.6%€54,500▼ 90.6%€37,035▼ 32.0%€39,085▲ 5.5%
The operating result for 2025 is a loss of €4,081, smaller than the loss of €5,489 in 2024.
Large changes and their cause
- 2023 Equity -80%, Total assets -74% on 2022. Capital reduction of €511,150 (Official Gazette 24-01-2023).
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175,106
Fixed assets
€88,998 ▼ 3.1%
Current assets
€86,108 ▲ 2.7%
Equity and liabilities €175,106
Equity
€128,083 ▼ 0.6%
Debt
€47,023 ▲ 0.5%
Debt's share of the balance-sheet total rises from 26.6% to 26.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€558▲
2024 · -€1,327
Cash flow
€3,830▲
2024 · €2,267
Current ratio
1.83▲
2024 · 1.79
Debt to equity
0.37▲
2024 · 0.36
ROE
-0.6%▲
2024 · -1.5%
ROA
-0.5%▲
2024 · -1.1%
Interest coverage
3.72▲
2024 · -8.32
Debt ≤ 1 year
€47,023▲
2024 · €46,786
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1 | - | €7,775 | €19,732 | €1,780 |
| Depreciation and write-downs of the year | €6,127 | €16,970 | €11,543 | €4,161 | €4,639 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €229,447 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,361 | €15,361 | €14,221 | €6,127 | €16,970 | €11,543 | €4,161 | €4,639 | ▲ 11.5% |
| Other operating charges640/8 | - | - | - | €7,768 | €4,535 | €4,047 | €4,048 | €4,095 | ▲ 1.2% |
| Non-recurring operating charges66A | - | - | - | - | €0 | - | - | - | - |
| Gross operating margin9900 | €29,672 | €25,623 | €25,257 | €237,616 | €13,737 | -€4,809 | €2,720 | €4,653 | ▲ 71.0% |
| Operating profit (loss)9901 | €7,566 | €3,381 | €3,334 | €223,721 | -€7,768 | -€20,399 | -€5,489 | -€4,081 | ▲ 25.7% |
| Financial income75/76B | - | - | - | - | - | €1,585 | €3,754 | €3,422 | ▼ 8.8% |
| Recurring financial income75 | €2,026 | €1,683 | €1,138 | - | - | €1,585 | €3,754 | €3,422 | ▼ 8.8% |
| Financial charges65/66B | - | - | - | €151,523 | €140 | €140 | €160 | €150 | ▼ 6.0% |
| Recurring financial charges65 | €1,154 | €862 | €256 | €548 | €140 | €140 | €160 | €150 | ▼ 6.0% |
| Non-recurring financial charges66B | - | - | - | €150,975 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €8,437 | €4,202 | €4,217 | €72,198 | -€7,908 | -€18,954 | -€1,894 | -€809 | ▲ 57.3% |
| Income taxes67/77 | - | - | - | €21,025 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €8,437 | €4,202 | €4,217 | €51,173 | -€7,908 | -€18,954 | -€1,894 | -€809 | ▲ 57.3% |
| Profit (loss) for the period to be appropriated9905 | €8,437 | €4,202 | €4,217 | €51,173 | -€7,908 | -€18,954 | -€1,894 | -€809 | ▲ 57.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €624,767 | €621,426 | €619,322 | €671,012 | €665,275 | €174,496 | €175,678 | €175,106 | ▼ 0.3% |
| Fixed assets21/28 | €352,061 | €336,699 | €322,478 | €97,024 | €80,054 | €76,286 | €91,857 | €88,998 | ▼ 3.1% |
| Tangible fixed assets22/27 | €352,061 | €336,699 | €322,478 | €97,024 | €80,054 | €76,286 | €91,857 | €88,998 | ▼ 3.1% |
| Land and buildings22 | - | - | - | €80,054 | €80,054 | €76,286 | €91,857 | €88,998 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | €16,970 | €0 | - | - | - | - |
| Current assets29/58 | €272,706 | €284,726 | €296,844 | €573,987 | €585,221 | €98,210 | €83,821 | €86,108 | ▲ 2.7% |
| Amounts receivable within one year40/41 | €270,874 | €283,517 | €241,655 | €103,981 | €112,347 | €63,620 | €61,653 | €62,324 | ▲ 1.1% |
| Trade receivables40 | - | - | - | €1,309 | €0 | €5,232 | €58 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €102,672 | €112,347 | €58,388 | €61,595 | €62,324 | ▲ 1.2% |
| Cash at bank and in hand54/58 | €1,832 | €1,209 | €55,189 | €469,143 | €471,922 | €31,954 | €21,062 | €22,630 | ▲ 7.4% |
| Deferred charges and accrued income490/1 | - | - | - | €863 | €952 | €2,636 | €1,106 | €1,154 | ▲ 4.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €624,767 | €621,426 | €619,322 | €671,012 | €665,275 | €174,496 | €175,678 | €175,106 | ▼ 0.3% |
| Equity10/15 | €609,206 | €613,408 | €617,625 | €668,798 | €660,890 | €130,786 | €128,892 | €128,083 | ▼ 0.6% |
| Contributions10/11 | €572,634 | €572,634 | €572,650 | €572,650 | €572,650 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €572,650 | €572,650 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €572,650 | €572,650 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €32,719 | €32,719 | €32,704 | €82,802 | €82,802 | €53,650 | €53,650 | €53,650 | = |
| Non-distributable reserves130/1 | - | - | - | €17,150 | €17,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | - | €17,150 | €17,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | - | - | €65,652 | €65,652 | €47,500 | €47,500 | €47,500 | = |
| Profit (loss) carried forward14 | €3,853 | €8,055 | €12,271 | €13,346 | €5,439 | €15,636 | €13,742 | €12,933 | ▼ 5.9% |
| Amounts payable17/49 | €15,561 | €8,018 | €1,698 | €2,213 | €4,384 | €43,709 | €46,786 | €47,023 | ▲ 0.5% |
| Amounts payable after more than one year17 | €7,050 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €8,511 | €8,018 | €798 | €2,213 | €4,384 | €43,709 | €46,786 | €47,023 | ▲ 0.5% |
| Financial debts43 | - | - | - | €17 | €17 | €17 | €0 | - | - |
| Credit institutions430/8 | - | - | - | €17 | €17 | €17 | €0 | - | - |
| Trade debts44 | €51 | €968 | €780 | €350 | €121 | €4,391 | €484 | €721 | ▲ 49.0% |
| Suppliers440/4 | - | - | - | €350 | €121 | €4,391 | €484 | €721 | ▲ 49.0% |
| Other amounts payable47/48 | - | - | - | €1,846 | €4,246 | €39,302 | €46,302 | €46,302 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,437 | €4,202 | €4,217 | €51,173 | -€7,908 | -€18,954 | -€1,894 | -€809 | ▲ 57.3% |
| + Depreciation and write-downs630 | €15,361 | €15,361 | €14,221 | €6,127 | €16,970 | €11,543 | €4,161 | €4,639 | ▲ 11.5% |
| Operating cash flow (approximation) | €23,799 | €19,563 | €18,437 | €57,301 | €9,062 | -€7,411 | €2,267 | €3,830 | ▲ 68.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €219,327 | €0 | -€7,775 | -€19,732 | -€1,780 | ▲ 91.0% |
| Change in cash | - | -€623 | €53,980 | €413,954 | €2,778 | -€439,968 | -€10,892 | €1,568 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as HECKIMMO has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HECKIMMO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for HECKIMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00147463 | |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00357469 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00304131 | |
| 31-12-2022 | micro format | 05-10-2023 | 2023-00484988 | |
| 31-12-2021 | micro format | 05-06-2023 | 2023-00119344 | |
| 31-12-2020 | micro format | 23-09-2021 | 2021-68300140 | |
| 31-12-2019 | micro format | 12-11-2020 | 2020-69900468 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56800172 | |
| 31-12-2017 | micro format | 23-08-2018 | 2018-48600170 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-51800235 |