HECO
ActiveSummary
HECO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€522,482) and a net result of -€275,075. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.73 in 2023; short-term debt: 161% and cash: 18.8% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-63.5%
Return on assets
-33.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
8 d early
2023
13 d early
2022
28 d early
2021
54 d early
2020
25 d early
2019
23 d early
← 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 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#9 employer in Lanaken, Wholesale and retail trade sector
Equity
-€522,482▼ 111%
2023 · -€247,408
Total assets
€822,171▼ 6.8%
2023 · €881,712
Net result
-€275,075▲ 16.0%
2023 · -€327,379
Working capital
-€559,617▼ 85.0%
2023 · -€302,452
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€490,377▲ 101%€244,968▼ 50.0%-€46,147-€296,706▼ 543%-€228,628▲ 22.9%
Net result€384,503above the sector's middle half▲ 101%€155,669above the sector's middle half▼ 59.5%-€82,031below the sector's middle half-€327,379below the sector's middle half▼ 299%-€275,075below the sector's middle half▲ 16.0%
Equity€206,333within the sector's middle half€162,002within the sector's middle half▼ 21.5%€79,971below the sector's middle half▼ 50.6%-€247,408below the sector's middle half-€522,482below the sector's middle half▼ 111%
Total assets€1.2mwithin the sector's middle half▲ 15.6%€1.5mwithin the sector's middle half▲ 23.0%€1.0mwithin the sector's middle half▼ 31.7%€881,712within the sector's middle half▼ 15.2%€822,171within the sector's middle half▼ 6.8%
Debt€1.0m▼ 17.4%€1.4m▲ 31.9%€959,564▼ 29.4%€1.1m▲ 17.7%€1.3m▲ 19.1%
Working capital€126,917within the sector's middle half€62,432within the sector's middle half▼ 50.8%-€1,525below the sector's middle half-€302,452below the sector's middle half▼ 19,732%-€559,617below the sector's middle half▼ 85.0%
Solvency16.7%within the sector's middle half▲ 33.3pp10.7%below the sector's middle half▼ 6.0pp7.7%below the sector's middle half▼ 3.0pp-28.1%below the sector's middle half▼ 35.8pp-63.5%below the sector's middle half▼ 35.5pp
Current ratio1.13within the sector's middle half▲ 0.331.05below the sector's middle half▼ 0.081.00below the sector's middle half▼ 0.050.73below the sector's middle half▼ 0.270.58below the sector's middle half▼ 0.15
Return on assets (ROA)31.1%above the sector's middle half▲ 13.2pp10.2%within the sector's middle half▼ 20.9pp-7.9%below the sector's middle half▼ 18.1pp-37.1%below the sector's middle half▼ 29.2pp-33.5%below the sector's middle half▲ 3.7pp
Staff (FTE)11.2above the sector's middle half▲ 3.7%11.6above the sector's middle half▲ 3.6%11.4above the sector's middle half▼ 1.7%11.1above the sector's middle half▼ 2.6%11.1above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 stays negative: a loss of €228,628 in 2024 against €296,706 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €822,171
Fixed assets
€58,382 ▼ 19.1%
Current assets
€763,788 ▼ 5.7%
Key figures and ratios
EBITDA
-€205,150▲
2023 · -€270,013
Cash flow
-€251,596▲
2023 · -€300,685
Quick ratio
0.27▼
2023 · 0.38
Debt to equity
-2.57▲
2023 · -4.56
Interest coverage
-4.35▲
2023 · -7.88
Debt ≤ 1 year
€1.3m▲
2023 · €1.1m
Staff costs
€433,236▼
2023 · €484,444
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 598 companies that looked in July 2024 the way this one looks now, 9.4% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
9.4%
went bankrupt
6.0%
stopped otherwise
83%
still going
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 598 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 | - | €470,512 | €480,681 | €484,444 | €433,236 | ▼ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,971 | €23,026 | €25,340 | €26,693 | €23,479 | ▼ 12.0% |
| Other operating charges640/8 | - | €17,287 | €16,217 | €27,494 | €18,207 | ▼ 33.8% |
| Non-recurring operating charges66A | - | - | €27,755 | €0 | - | - |
| Gross operating margin9900 | €961,571 | €755,793 | €503,847 | €241,925 | €246,294 | ▲ 1.8% |
| Operating profit (loss)9901 | €490,377 | €244,968 | -€46,147 | -€296,706 | -€228,628 | ▲ 22.9% |
| Financial income75/76B | - | €1,531 | €640 | €3,592 | €689 | ▼ 80.8% |
| Recurring financial income75 | €2,955 | €1,531 | €640 | €3,592 | €689 | ▼ 80.8% |
| Financial charges65/66B | - | €34,703 | €33,445 | €34,265 | €47,135 | ▲ 37.6% |
| Recurring financial charges65 | €46,199 | €34,703 | €33,445 | €34,265 | €47,135 | ▲ 37.6% |
| Profit (loss) for the period before taxes9903 | €447,133 | €211,796 | -€78,951 | -€327,379 | -€275,075 | ▲ 16.0% |
| Income taxes67/77 | €62,630 | €56,127 | €3,079 | €0 | - | - |
| Profit (loss) for the period9904 | €384,503 | €155,669 | -€82,031 | -€327,379 | -€275,075 | ▲ 16.0% |
| Profit (loss) for the period to be appropriated9905 | €384,503 | €155,669 | -€82,031 | -€327,379 | -€275,075 | ▲ 16.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.5m | €1.0m | €881,712 | €822,171 | ▼ 6.8% |
| Fixed assets21/28 | €105,973 | €113,784 | €94,954 | €72,133 | €58,382 | ▼ 19.1% |
| Tangible fixed assets22/27 | €105,973 | €113,784 | €94,954 | €72,133 | €58,382 | ▼ 19.1% |
| Land and buildings22 | - | €1,017 | €832 | €647 | €462 | ▼ 28.6% |
| Plant, machinery and equipment23 | - | €89,185 | €76,040 | €58,904 | €49,572 | ▼ 15.8% |
| Furniture and vehicles24 | - | €3,701 | €2,942 | €2,183 | €1,423 | ▼ 34.8% |
| Other tangible fixed assets26 | - | €19,880 | €15,140 | €10,399 | €6,926 | ▼ 33.4% |
| Current assets29/58 | €1.1m | €1.4m | €944,582 | €809,579 | €763,788 | ▼ 5.7% |
| Stocks and contracts in progress3 | €484,068 | €430,269 | €418,537 | €392,052 | €404,508 | ▲ 3.2% |
| Stocks30/36 | - | €430,269 | €418,537 | €392,052 | €404,508 | ▲ 3.2% |
| Amounts receivable within one year40/41 | €300,969 | €357,118 | €368,968 | €157,222 | €193,765 | ▲ 23.2% |
| Trade receivables40 | - | €227,902 | €173,817 | €101,513 | €156,835 | ▲ 54.5% |
| Other amounts receivable41 | - | €129,216 | €195,151 | €55,709 | €36,930 | ▼ 33.7% |
| Cash at bank and in hand54/58 | €341,121 | €615,108 | €147,892 | €254,443 | €154,649 | ▼ 39.2% |
| Deferred charges and accrued income490/1 | - | €4,694 | €9,185 | €5,861 | €10,866 | ▲ 85.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.5m | €1.0m | €881,712 | €822,171 | ▼ 6.8% |
| Equity10/15 | €206,333 | €162,002 | €79,971 | -€247,408 | -€522,482 | ▼ 111% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €186,333 | €142,002 | €59,971 | €59,971 | €59,971 | = |
| Distributable reserves133 | - | €142,002 | €59,971 | €59,971 | €59,971 | = |
| Profit (loss) carried forward14 | -€389,539 | - | €0 | -€327,379 | -€602,453 | ▼ 84.0% |
| Amounts payable17/49 | €1.0m | €1.4m | €959,564 | €1.1m | €1.3m | ▲ 19.1% |
| Amounts payable within one year42/48 | €1.0m | €1.3m | €946,107 | €1.1m | €1.3m | ▲ 19.0% |
| Trade debts44 | €711,812 | €821,292 | €592,358 | €654,695 | €823,812 | ▲ 25.8% |
| Suppliers440/4 | - | €821,292 | €592,358 | €654,695 | €823,812 | ▲ 25.8% |
| Taxes, remuneration and social security45 | - | €67,128 | €84,463 | €89,594 | €54,351 | ▼ 39.3% |
| Taxes450/3 | - | €17,863 | €18,879 | €12,645 | €9,113 | ▼ 27.9% |
| Remuneration and social security454/9 | - | €49,265 | €65,584 | €76,949 | €45,238 | ▼ 41.2% |
| Other amounts payable47/48 | - | €456,337 | €269,285 | €367,743 | €445,243 | ▲ 21.1% |
| Accrued charges and deferred income492/3 | - | €14,214 | €13,458 | €17,088 | €21,247 | ▲ 24.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €384,503 | €155,669 | -€82,031 | -€327,379 | -€275,075 | ▲ 16.0% |
| + Depreciation and write-downs630 | €21,971 | €23,026 | €25,340 | €26,693 | €23,479 | ▼ 12.0% |
| Operating cash flow (approximation) | €406,474 | €178,695 | -€56,691 | -€300,685 | -€251,596 | ▲ 16.3% |
| Investment in fixed assets (approximation) | - | -€30,837 | -€6,510 | -€3,872 | -€9,728 | ▼ 151% |
| Change in cash | - | €273,987 | -€467,216 | €106,552 | -€99,794 | ▼ 194% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€327,379
Net result drops to -€327,379, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €384,503 ▲101%
Operating result €490,377, net result €384,503, both a record.
31-12
Financial
Equity above €200,000Eq €206,333
3 profitable years in a row build equity to €206,333.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
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 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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, Lanaken · 1 establishment unit since 2009
Ground area
5,161 m²
Building footprint
2,908 m²
Volume, LiDAR
14,325 m³
Parcel 73042B0433/00C000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heco
since 20092.179.524.474
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73042B0433/00C000 | Flanders | 5,160 m² | 1 · 2,908 m² | 7.6 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.
Structure & network
Owners and holdings
2 ownersOwners 2
-
50%
- Sourceaccounts WILVECO 202550%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 375 EUR awarded · 375 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 375 EUR | 375 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteLanaken2.179.524.474
Dual-learning approval
9 live approvals · 18 endedCommercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Medewerker slagerij (vwo)
Medewerker slagerij duaal (so)
Onthaal, organisatie en sales duaal (so)
Show 3 more
Slager-charcutier duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Show 18 ended approvals
Aanvuller (so)
Kassier (so)
Slager (so)
Winkelbediende (so)
Magazijnmedewerker (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Aanvuller (so)
Kassier (so)
Medewerker slagerij (vwo)
Medewerker slagerij duaal (so)
Slager (so)
Slager-spekslager (so)
Slager/bereider verkoopklare gerechten (so)
Slagerij duaal (so)
Winkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 4,687 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 (pre-2019)
Founded15-05-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47279Other retail sale of food
E-invoicing
Reachable via Peppol
Peppol ID
0208:0811771521
Also
9925:BE0811771521
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.