Debts
€308,953 80% of the balance sheet
Financial debts 70%Suppliers 20%Taxes and wages 6%Other 4%
Of this, €307,401 falls due within a year.
HECOTEC
Lifetime
18 annual accounts with figures on one time axispeak €301,459 (2017)
€58,679▼ 21.1%
lowest -€38,740 (2018)
€10,619▲ €12,893
peak €50,645 (2025)
€50,645▲ 26.5%
€308,953▼ 7.4%
peak 6.6 FTE (2017)
0.5 FTEunchanged
Board2 names since 2007
2 directorsT'Kindt Pieter and 1 other
Documentsfilings and deeds
29-05-202629 days late
2025abbreviated format
Gross margin from €74,385 to €58,679Back to profit: €10,619Equity from €40,026 to €50,645Cash from €2 to €1,124
Key points
from the 2025 annual accountsChecked score
69
Healthy
Financially stronger than 38% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.6%▼ -0.1 percentage points vs 02-2025lowest value
04-2025: 0.8%▲ +0.2 percentage points vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.7%▼ -0.1 percentage points vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.9%▲ +0.2 percentage points vs 03-2026
05-2026: 1.6%▲ +0.7 percentage points vs 04-2026highest value
06-2026: 0.6%▼ -1.0 percentage point vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.7%▲ +0.1 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.04, cash €1,124
Equity €50,645 (13.2% of total assets)
lowers risk
Founded in 2007
Size: 0.5 FTE, total assets €384,524
Calculation
The band follows from the bankruptcy probability. 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 (NACE 46, micro). It does better than 26% of them on solvency, 9% on liquidity, 40% on profitability and 80% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as HECOTEC has now. Each dot stands for 12 companies, two years later.
96.9%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HECOTEC itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,508 companies, not a prediction for HECOTEC. 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.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.04 (0.99 in 2024), below the usual 1.5. Short-term debt is 79.9% and cash 0.3% of total assets. 86.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 9902 sector peers (2025).
NBB · sector comparisonPosition among 9902 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
29 days late
2024
on the day
2023
30 days late
2022
22 days late
2021
2 days late
2020
113 days early
2019
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 22 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Board and ownership
DS
Dhoop Sarah
Director, since 25-11-2011
TP
T'Kindt Pieter
Director, since 20-12-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0892500067
Amendment of the articles · Legal-form change · Resignations & appointments
“Het vervaardigen en verhandelen van keramiek,glas-,porselein- en aardewerk in de ruime zin van het woord…” (deed in Dutch) · General meeting of 20-12-2023 · Gazette deed
Incorporation
published on 11-10-2007 · Gazette deed
First establishment
Nederholbeekstraat 89, Maarkedal
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HECOTEC Maarkedal | €0.4m | €58,679 | 13.2% | 0.5 |
| COMPACT HEAT EXCHANGER COMPANY Keerbergen | €0.6m | €94,904 | 19.6% | 0.8 |
| Wick Trading Company BVBA Lier | €0.6m | €106,415 | 7.2% | 1.3 |
| IMBEMA SURFACE TREATMENT Haaltert | €1.7m | €42,111 | 97.0% | 0.9 |
| SENSICO Lokeren | €0.5m | €45,575 | 95.9% | - |
| De Craeye Stefan Ronse | €0.3m | €79,619 | 53.0% | - |
| CLIMAWAYS Wommelgem | €0.5m | €188,926 | 29.2% | 1.8 |
These companies have the same main activity as HECOTEC: wholesale trade (NACE 46842). They are comparable in size and age: total assets between €290,000 and €1.7m, founded between 2007 and 2009.
Official details
Source: KBO- Status
- Active since 03-10-2007Normal situation
- Activity
- Wholesale tradeNACE 46842and 2 others
- Establishment unit
- 2.166.022.7679680 Maarkedal, since 02-10-2007
- Financial year end
- 30 September
- Peppol
- Reachable since 26-02-2025
Annual accounts to 30-09-2025
- ≈ €340,000estimated
- €384,524▼ 3.5%
- Filing
- Filed on 29-05-2026
Insights on HECOTEC
HECOTEC files the abbreviated format. That format states no turnover. The gross margin rose from €15,573 in 2008 to €58,679 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HECOTEC
- What is the company number of HECOTEC?
- The company number of HECOTEC is 0892.500.067. The VAT number is the same number with BE in front: BE 0892.500.067.
- Where is HECOTEC based?
- The registered office is at Nederholbeekstraat 89, 9680 Maarkedal.Company details
- What does HECOTEC do?
- According to the KBO register, the main activity is wholesale trade (NACE 46842).
- What is the legal form of HECOTEC?
- HECOTEC is a private limited company (BV).
- When was HECOTEC founded?
- HECOTEC was founded on 03-10-2007.
- Is HECOTEC still active?
- Yes, HECOTEC is an active enterprise in the KBO register.
- How many employees does HECOTEC have?
- HECOTEC had an average of 0.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of HECOTEC?
- The turnover in financial year 2025 is ≈ €340,000. This figure is estimated from the gross margin of €58,679 and 66 comparable companies (NACE 46). It probably lies between €130,000 and €890,000.
- Is HECOTEC profitable?
- In financial year 2025, HECOTEC made a profit of €10,619.
- Where can I find the annual accounts of HECOTEC?
- HECOTEC filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HECOTEC due?
- HECOTEC must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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