HECOMA
ActiveSummary
HECOMA has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €453,339 and a net result of €58,389. Equity is growing by about 3.4% per year across the filed financial years. Its solvency ranks better than 70% of 39,137 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, micro format
2025 annual accounts filed late (6 days) Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00384369.
Equity
€453,339▲ 3.7%
2024 · €437,055
Total assets
€616,222▲ 7.9%
2024 · €571,323
Net result
€58,389▲ 71.2%
2024 · €34,114
Working capital
€34,778▼ 69.6%
2024 · €114,406
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 60% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€92,070
2025
Net result€58,389
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€616,222
2025
Equity€453,339
2025
Debt€162,883
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€34,778
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)9.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency73.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.26
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€38,484-€101,624▲ 164%€105,731▲ 4.0%€99,185▼ 6.2%€94,953▼ 4.3%€6,513▼ 93.1%€57,663▲ 785%€92,070▲ 59.7%
Net result€22,924-€54,577▲ 138%€66,481within the sector's middle half▲ 21.8%€63,100above the sector's middle half▼ 5.1%€60,376above the sector's middle half▼ 4.3%€22below the sector's middle half▼ 100.0%€34,114within the sector's middle half▲ 1,557×€58,389within the sector's middle half▲ 71.2%
Equity€317,245-€371,822▲ 17.2%€438,303within the sector's middle half▲ 17.9%€434,618above the sector's middle half▼ 0.8%€479,205above the sector's middle half▲ 10.3%€446,253above the sector's middle half▼ 6.9%€437,055above the sector's middle half▼ 2.1%€453,339above the sector's middle half▲ 3.7%
Total assets€568,012-€673,694▲ 18.6%€708,141within the sector's middle half▲ 5.1%€659,532above the sector's middle half▼ 6.9%€628,501above the sector's middle half▼ 4.7%€576,354above the sector's middle half▼ 8.3%€571,323above the sector's middle half▼ 0.9%€616,222above the sector's middle half▲ 7.9%
Debt€250,767-€301,871▲ 20.4%€269,838▼ 10.6%€224,914▼ 16.6%€149,296▼ 33.6%€130,101▼ 12.9%€134,269▲ 3.2%€162,883▲ 21.3%
Working capital€94,194-€111,210▲ 18.1%€146,483within the sector's middle half▲ 31.7%€103,509within the sector's middle half▼ 29.3%€149,617above the sector's middle half▲ 44.5%€122,508within the sector's middle half▼ 18.1%€114,406within the sector's middle half▼ 6.6%€34,778within the sector's middle half▼ 69.6%
Solvency55.9%-55.2%▼ 0.7pp61.9%within the sector's middle half▲ 6.7pp65.9%within the sector's middle half▲ 4.0pp76.2%within the sector's middle half▲ 10.3pp77.4%within the sector's middle half▲ 1.2pp76.5%within the sector's middle half▼ 0.9pp73.6%within the sector's middle half▼ 2.9pp
Current ratio2.26-2.07▼ 0.192.24within the sector's middle half▲ 0.171.83within the sector's middle half▼ 0.423.31within the sector's middle half▲ 1.483.23within the sector's middle half▼ 0.082.94within the sector's middle half▼ 0.291.26within the sector's middle half▼ 1.67
Return on assets (ROA)4.0%-8.1%▲ 4.1pp9.4%within the sector's middle half▲ 1.3pp9.6%within the sector's middle half▲ 0.2pp9.6%within the sector's middle half=0.0%below the sector's middle half▼ 9.6pp6.0%within the sector's middle half▲ 6.0pp9.5%within the sector's middle half▲ 3.5pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €616,222
Fixed assets
€450,014 ▲ 13.1%
Current assets
€166,208 ▼ 4.2%
Equity and liabilities €616,222
Equity
€453,339 ▲ 3.7%
Debt
€162,883 ▲ 21.3%
Debt's share of the balance-sheet total rises from 23.5% to 26.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92,452▲
2024 · €58,599
Cash flow
€58,771▲
2024 · €35,050
Quick ratio
1.20▼
2024 · 2.80
Debt to equity
0.36▲
2024 · 0.31
ROE
12.9%▲
2024 · 7.8%
Interest coverage
20.47▲
2024 · 17.15
Debt ≤ 1 year
€131,430▲
2024 · €59,022
Debt > 1 year
€31,312▼
2024 · €75,000
Income taxes
€29,684▲
2024 · €20,591
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,041 | €26,645 | €16,060 | €16,675 | €16,691 | €16,320 | €936 | €381 | ▼ 59.3% |
| Other operating charges640/8 | - | - | - | €1,546 | €1,668 | €2,257 | €1,707 | €1,869 | ▲ 9.5% |
| Gross operating margin9900 | €43,528 | €130,371 | €123,848 | €117,406 | €113,312 | €25,090 | €60,306 | €94,321 | ▲ 56.4% |
| Operating profit (loss)9901 | €38,484 | €101,624 | €105,731 | €99,185 | €94,953 | €6,513 | €57,663 | €92,070 | ▲ 59.7% |
| Financial income75/76B | - | - | - | €391 | €557 | €1,556 | €459 | €519 | ▲ 13.1% |
| Recurring financial income75 | €161 | - | €500 | €391 | €557 | €1,556 | €459 | €519 | ▲ 13.1% |
| Financial charges65/66B | - | - | - | €3,361 | €3,093 | €2,805 | €3,416 | €4,516 | ▲ 32.2% |
| Recurring financial charges65 | €5,077 | €5,454 | €4,260 | €3,361 | €3,093 | €2,805 | €3,416 | €4,516 | ▲ 32.2% |
| Profit (loss) for the period before taxes9903 | €33,568 | €96,170 | €101,970 | €96,215 | €92,417 | €5,264 | €54,705 | €88,073 | ▲ 61.0% |
| Income taxes67/77 | €10,644 | €41,593 | €35,489 | €33,115 | €32,041 | €5,242 | €20,591 | €29,684 | ▲ 44.2% |
| Profit (loss) for the period9904 | €22,924 | €54,577 | €66,481 | €63,100 | €60,376 | €22 | €34,114 | €58,389 | ▲ 71.2% |
| Profit (loss) for the period to be appropriated9905 | €22,924 | €54,577 | €66,481 | €63,100 | €60,376 | €22 | €34,114 | €58,389 | ▲ 71.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €568,012 | €673,694 | €708,141 | €659,532 | €628,501 | €576,354 | €571,323 | €616,222 | ▲ 7.9% |
| Fixed assets21/28 | €398,985 | €458,726 | €443,658 | €430,698 | €414,007 | €398,831 | €397,895 | €450,014 | ▲ 13.1% |
| Tangible fixed assets22/27 | €2,297 | €62,038 | €46,970 | €34,010 | €17,319 | €2,143 | €1,207 | €825 | ▼ 31.6% |
| Furniture and vehicles24 | - | - | - | €34,010 | €17,319 | €2,143 | €1,207 | €825 | ▼ 31.6% |
| Financial fixed assets28 | €396,688 | €396,688 | €396,688 | €396,688 | €396,688 | €396,688 | €396,688 | €449,188 | ▲ 13.2% |
| Current assets29/58 | €169,027 | €214,968 | €264,483 | €228,834 | €214,494 | €177,523 | €173,428 | €166,208 | ▼ 4.2% |
| Stocks and contracts in progress3 | €20,856 | €18,610 | €17,516 | €18,122 | €17,032 | €15,046 | €7,917 | €8,591 | ▲ 8.5% |
| Stocks30/36 | - | - | - | €18,122 | €17,032 | €15,046 | €7,917 | €8,591 | ▲ 8.5% |
| Amounts receivable within one year40/41 | €18,568 | €18,286 | €18,584 | €18,150 | €18,178 | €19,197 | €13,770 | €12,817 | ▼ 6.9% |
| Trade receivables40 | - | - | - | €18,150 | €18,178 | €10,890 | €13,770 | €12,817 | ▼ 6.9% |
| Other amounts receivable41 | - | - | - | €0 | - | €8,307 | €0 | - | - |
| Current investments50/53 | €104,942 | €104,942 | €105,169 | €105,434 | €105,846 | €105,758 | €85,989 | €86,202 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €21,625 | €69,055 | €117,771 | €80,954 | €66,607 | €31,809 | €60,653 | €53,558 | ▼ 11.7% |
| Deferred charges and accrued income490/1 | - | - | - | €6,173 | €6,832 | €5,713 | €5,099 | €5,040 | ▼ 1.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €568,012 | €673,694 | €708,141 | €659,532 | €628,501 | €576,354 | €571,323 | €616,222 | ▲ 7.9% |
| Equity10/15 | €317,245 | €371,822 | €438,303 | €434,618 | €479,205 | €446,253 | €437,055 | €453,339 | ▲ 3.7% |
| Contributions10/11 | €134,240 | €134,240 | - | €134,240 | €134,240 | €134,240 | €134,240 | €134,240 | = |
| Reserves13 | €183,005 | €237,582 | €304,064 | €300,378 | €344,965 | €312,013 | €302,815 | €319,099 | ▲ 5.4% |
| Non-distributable reserves130/1 | - | - | - | €13,424 | €13,424 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €13,424 | €13,424 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €286,954 | €331,541 | €312,013 | €302,815 | €319,099 | ▲ 5.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €250,767 | €301,871 | €269,838 | €224,914 | €149,296 | €130,101 | €134,269 | €162,883 | ▲ 21.3% |
| Amounts payable after more than one year17 | €169,256 | €191,308 | €145,061 | €98,303 | €83,133 | €75,000 | €75,000 | €31,312 | ▼ 58.3% |
| Financial debts170/4 | - | - | - | €98,303 | €83,133 | €75,000 | €75,000 | €31,312 | ▼ 58.3% |
| Amounts payable within one year42/48 | €74,833 | €103,757 | €118,000 | €125,325 | €64,877 | €55,015 | €59,022 | €131,430 | ▲ 123% |
| Current portion of amounts payable after more than one year42 | - | - | - | €46,759 | €15,170 | €8,133 | €0 | €92,026 | - |
| Financial debts43 | - | - | - | - | €7,488 | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | - | €7,488 | €0 | - | - | - |
| Trade debts44 | €5,701 | €421 | €1,245 | €930 | €1,178 | €1,072 | €1,893 | €4,890 | ▲ 158% |
| Suppliers440/4 | - | - | - | €930 | €1,178 | €1,072 | €1,893 | €4,890 | ▲ 158% |
| Advances received on contracts in progress46 | - | - | - | €10 | €10 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €42,707 | €22,699 | €14,485 | €23,927 | €20,900 | ▼ 12.6% |
| Taxes450/3 | - | - | - | €42,707 | €22,699 | €14,485 | €23,927 | €20,900 | ▼ 12.6% |
| Other amounts payable47/48 | - | - | - | €34,920 | €18,332 | €31,325 | €33,203 | €13,613 | ▼ 59.0% |
| Accrued charges and deferred income492/3 | - | - | - | €1,286 | €1,286 | €86 | €246 | €140 | ▼ 43.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,924 | €54,577 | €66,481 | €63,100 | €60,376 | €22 | €34,114 | €58,389 | ▲ 71.2% |
| + Depreciation and write-downs630 | €3,041 | €26,645 | €16,060 | €16,675 | €16,691 | €16,320 | €936 | €381 | ▼ 59.3% |
| Operating cash flow (approximation) | €25,965 | €81,223 | €82,541 | €79,775 | €77,067 | €16,342 | €35,050 | €58,771 | ▲ 67.7% |
| Investment in fixed assets (approximation) | - | -€86,386 | -€992 | -€3,715 | €0 | -€1,144 | €0 | -€52,500 | - |
| Change in cash | - | €47,430 | €48,715 | -€36,816 | -€14,348 | -€34,798 | €28,844 | -€7,095 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 06-08-2026 | 2026-00384369 |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00303925 |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00241250 |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00318181 |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20317156 |
| 31-12-2020 | abbreviated format | 17-08-2021 | 2021-49300409 |
| 31-12-2019 | abbreviated format | 04-06-2020 | 2020-14800468 |
| 31-12-2018 | abbreviated format | 02-07-2019 | 2019-27500317 |
| 31-12-2017 | abbreviated format | 31-07-2018 | 2018-41800029 |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-51200163 |
Similar companies · same sector, comparable size
TROPOS MANAGEMENT
BE 0632.761.979
Antwerpen · equity €453,331
K-PLAN
BE 0892.465.227
Antwerpen · equity €453,380
BD.sure
BE 0727.444.075
Brecht · equity €453,420
DECURA PHAR
BE 0833.331.354
Torhout · equity €453,454
JURIANEX
BE 0476.397.682
Schoten · equity €453,501
Of the 82,448 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,257. 36,071 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.