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HECO ET CIE

Active
Public limited companyfounded 1989active for 37 yearsAvenue Montesquieu 8, 1300 Wavre, BelgiumKBO/BCE: BE 0436.788.921
Summary

HECO ET CIE has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €721,241 and a net result of €296,089. Equity is growing by about 7.8% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
HECO ET CIEActiveChecked score 98/100
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
≈ €1.3mturnover 2025, estimated
Equity
€721,241
Profit
€296,089
Turnover estimated from the gross margin
Financial health
98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
2025 accounts 31 days early1 of 6 deeds summarised
Why 98raises riskNo main activity registeredlowers riskSize: total assets €1.1mLiquidity: current ratio 4.96, cash €732,227Equity €721,241 (63.8% of total assets)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 80% of its sector peers (no NACE code, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 89+18
equity 63.8% of total assets
Liquidity 98+2
short-term debt 13.8% · cash 64.8%
Profitability 100+3
return on assets 26.2%
Bankruptcy probability, 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).

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026lowest value
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.96, compared with 2.63 in 2024, above the usual 1.5; short-term debt: 13.8% and cash: 64.8% of total assets), and 36.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 53% on solvency, 88% on liquidity, 90% on profitability and 89% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €1.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 4.96, cash €732,227
NBB · annual accounts
raises risk · No main activity registered
KBO
lowers risk · Equity €721,241 (63.8% of total assets)
NBB · annual accounts
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
57 days early
2023
49 days early
2022
45 days early
2021
67 days early
2020
85 days early
2019
45 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 54 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Highest result from 2018 to 2025net €296,089 ▲42%
  3. Equity above €500,000equity €721,241 ▲69.6%

Key points

  • Positive: Equity rose in 2025from €425,152 to €721,241 ▲ 69.6% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Active since 1989founded 21-02-1989 37 years View

By topic

Financials

Financial year
2025
Total assets
€1.1m
Profit
€296,089
Solvency
63.8%
Total assets▲ 22.3%
Net result
20182025
Go to Financials

Timeline

Events
44
Since
1990
Next accounts
by 31-07-2027
  1. 04-06-2025Annual accounts filed
  2. 31-12-2024Liquidity more than quadruples
  3. 12-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
21-02-1989
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Key facts about HECO ET CIE

What is the company number of HECO ET CIE?
0436.788.921. In Belgium the VAT number is the company number with BE in front: BE 0436.788.921.
Where is HECO ET CIE based?
The registered office is at Avenue Montesquieu 8, 1300 Wavre.Company details
What is the legal form of HECO ET CIE?
Public limited company (NV).
When was HECO ET CIE founded?
On 21-02-1989.
Is HECO ET CIE still active?
Yes, HECO ET CIE is an active enterprise in the KBO register.
How many employees does HECO ET CIE have?
On average 0.1 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
What is the turnover of HECO ET CIE?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is HECO ET CIE profitable?
In financial year 2025, HECO ET CIE made a profit of €296,089.
Where can I find the annual accounts of HECO ET CIE?
HECO ET CIE filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HECO ET CIE due?
By 31-07-2027, for financial year 2026.Timeline

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