HECOTEC
Annual accounts 2025
abbreviated format, filed on 29-05-2026, 29 days lateTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €340,000. Estimated: probably between €130,000 and €890,000.
Balance sheet
balance sheet total €384,524 on 30-09-2025in euro
in euro
Position in the sector
13.2%
Higher than 21% of 9,902 companies in 2025.
1.04
Higher than 22% of 9,665 companies in 2025.
2.8%
Higher than 46% of 9,780 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: bottom quarter
Staff
€23,445
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 1 person joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
384,524 | 398,486 | 523,113 | 455,946 | 495,688 | 479,050 | 481,843 | 670,271 | 594,176 | 657,655 | 460,380 | 394,837 | 329,489 | 293,927 | 216,294 | 125,428 | 121,115 | 167,783 | |
21/28 |
64,880 | 82,156 | 88,250 | 158,932 | 159,210 | 126,573 | 130,489 | 147,484 | 139,248 | 127,145 | 55,967 | 47,475 | 87,112 | 89,751 | 31,317 | 34,110 | 49,073 | 52,115 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 930 | 1,860 | 2,790 | 3,720 | |
22/27 |
61,290 | 79,665 | 85,758 | 158,587 | 158,865 | 126,228 | 130,144 | 147,139 | 138,903 | 126,800 | 55,622 | 47,130 | 86,767 | 89,576 | 30,212 | 32,220 | 46,253 | 48,365 | |
22 |
0 | 415 | 830 | 1,245 | 1,661 | 2,076 | 2,491 | 2,906 | 3,321 | 3,737 | - | - | - | - | - | - | - | - | |
23 |
311 | 944 | 2,640 | 3,690 | 7,079 | 3,798 | 1,807 | 3,110 | 3,923 | 2,293 | 1,465 | 689 | - | - | - | - | 267 | 533 | |
24 |
13,986 | 26,063 | 24,796 | 90,911 | 82,135 | 47,115 | 47,358 | 57,386 | 51,325 | 42,123 | 27,035 | 39,387 | 76,514 | 78,655 | 22,356 | 32,220 | 45,986 | 47,832 | |
26 |
46,994 | 52,243 | 57,492 | 62,741 | 67,990 | 73,239 | 78,488 | 83,738 | 80,333 | 78,647 | 27,122 | 7,054 | 10,254 | 10,921 | 7,857 | - | - | - | |
28 |
3,589 | 2,492 | 2,492 | 345 | 345 | 345 | 345 | 345 | 345 | 345 | 345 | 345 | 345 | 175 | 175 | 30 | 30 | 30 | |
29/58 |
319,644 | 316,330 | 434,863 | 297,014 | 336,478 | 352,477 | 351,354 | 522,788 | 454,928 | 530,511 | 404,413 | 347,362 | 242,376 | 204,176 | 184,976 | 91,318 | 72,042 | 115,668 | |
29 |
- | - | - | 55,000 | 55,000 | 95,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | 55,000 | 55,000 | 95,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
3 |
75,340 | 121,970 | 132,120 | 133,133 | 128,898 | 121,375 | 128,900 | 130,120 | 125,020 | 99,301 | 107,029 | 104,147 | 64,716 | 54,756 | 55,149 | 14,684 | 13,734 | 12,918 | |
30/36 |
75,340 | 121,970 | 132,120 | 133,133 | 128,898 | 121,375 | 128,900 | 130,120 | 125,020 | 99,301 | 107,029 | 104,147 | 64,716 | 54,756 | 55,149 | 14,684 | 13,734 | 12,918 | |
40/41 |
234,738 | 189,664 | 273,567 | 81,370 | 88,963 | 78,669 | 193,392 | 300,652 | 243,665 | 347,114 | 278,571 | 131,144 | 99,702 | 123,600 | 70,794 | 41,011 | 26,859 | 76,975 | |
40 |
57,988 | 64,410 | 145,320 | 61,856 | 78,432 | 69,932 | 77,959 | 219,530 | 185,587 | 312,354 | 269,110 | 98,935 | 77,607 | 114,043 | 61,985 | 31,225 | 23,055 | 48,953 | |
41 |
176,750 | 125,254 | 128,247 | 19,515 | 10,532 | 8,737 | 115,433 | 81,123 | 58,077 | 34,760 | 9,461 | 32,209 | 22,095 | 9,556 | 8,809 | 9,787 | 3,804 | 28,022 | |
54/58 |
1,124 | 2 | 21,530 | 23,604 | 59,477 | 56,294 | 21,829 | 87,441 | 84,042 | 83,852 | 18,813 | 107,038 | 76,763 | 25,820 | 59,033 | 34,729 | 31,448 | 25,775 | |
490/1 |
8,441 | 4,694 | 7,646 | 3,907 | 4,140 | 1,139 | 7,234 | 4,575 | 2,201 | 244 | - | 5,033 | 1,196 | - | - | 894 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
384,524 | 398,486 | 523,113 | 455,946 | 495,688 | 479,050 | 481,843 | 670,271 | 594,176 | 657,655 | 460,380 | 394,837 | 329,489 | 293,927 | 216,294 | 125,428 | 121,115 | 167,783 | |
10/15 |
50,645 | 40,026 | 42,300 | 40,635 | 39,759 | 34,344 | 12,466 | 11,551 | 50,291 | 39,027 | 35,465 | 33,486 | 33,780 | 41,936 | 38,523 | 16,326 | 10,646 | 10,529 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 12,400 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
11 |
- | - | - | - | - | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
38,245 | 27,626 | 29,900 | 28,235 | 27,359 | 21,944 | 2,009 | 1,972 | 37,891 | 24,422 | 20,860 | 20,860 | 20,860 | 28,860 | 25,394 | 3,284 | - | - | |
130/1 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,394 | 284 | - | - | |
1311 |
- | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
149 | 149 | 149 | 149 | 149 | 149 | 149 | 112 | 75 | 37 | - | - | - | - | - | - | - | - | |
133 |
38,095 | 27,477 | 27,890 | 26,226 | 25,350 | 19,934 | - | - | 35,956 | 22,525 | 19,000 | 19,000 | 19,000 | 27,000 | 24,000 | 3,000 | - | - | |
14 |
- | - | - | - | - | - | -1,943 | -2,821 | - | 2,205 | 2,205 | 226 | 520 | 676 | 729 | 642 | -1,754 | -1,871 | |
16 |
24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 21,970 | - | - | |
160/5 |
24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 21,970 | - | - | |
160 |
24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | 24,926 | - | - | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | - | - | - | 24,926 | - | - | - | - | - | - | - | - | |
17/49 |
308,953 | 333,534 | 455,887 | 390,385 | 431,003 | 419,780 | 444,451 | 633,795 | 518,959 | 593,702 | 399,989 | 336,425 | 270,783 | 227,065 | 152,845 | 87,132 | 110,468 | 157,255 | |
17 |
1,552 | 15,307 | 39,895 | 70,692 | 88,699 | 76,266 | 84,248 | 87,538 | 96,448 | 99,106 | 33,267 | 19,460 | 54,550 | 48,890 | 9,299 | 18,391 | 33,423 | 28,958 | |
170/4 |
1,552 | 15,307 | 39,895 | 70,692 | 88,699 | 76,266 | 84,248 | 87,538 | 96,448 | 99,106 | 33,267 | 19,460 | 54,550 | 48,890 | 9,299 | 18,391 | 33,423 | 28,958 | |
42/48 |
307,401 | 318,227 | 411,682 | 316,457 | 339,133 | 341,754 | 357,766 | 543,478 | 419,782 | 492,567 | 364,772 | 316,868 | 216,050 | 177,994 | 143,218 | 68,455 | 77,045 | 128,297 | |
42 |
8,176 | 25,489 | 30,506 | 31,558 | 32,673 | - | 223,679 | 223,185 | 219,864 | 217,979 | - | 13,570 | 21,385 | 19,758 | 12,215 | 15,033 | 14,317 | 19,045 | |
43 |
215,420 | 206,038 | 200,896 | 200,000 | 200,000 | 219,872 | - | - | - | - | 141,238 | 100,000 | 50,000 | - | - | - | - | - | |
430/8 |
215,420 | 206,038 | 200,000 | 200,000 | 200,000 | 219,872 | - | - | - | - | 141,238 | 100,000 | 50,000 | - | - | - | - | - | |
439 |
- | - | 896 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
62,045 | 74,647 | 159,366 | 77,100 | 83,189 | 100,967 | 121,320 | 302,105 | 155,934 | 253,459 | 185,397 | 167,528 | 118,062 | 81,975 | 100,312 | 43,464 | 24,777 | 24,384 | |
440/4 |
62,045 | 74,647 | 159,366 | 77,100 | 83,189 | 100,967 | 121,320 | 302,105 | 155,934 | 253,459 | 185,397 | 167,528 | 118,062 | 81,975 | 100,312 | 43,464 | 24,777 | 24,384 | |
46 |
3,988 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
17,772 | 12,052 | 20,915 | 7,800 | 6,572 | 19,993 | 12,767 | 18,188 | 43,984 | 21,129 | 36,849 | 34,353 | 17,410 | 32,704 | 17,226 | 5,196 | 33,189 | 34,105 | |
450/3 |
12,134 | 12,052 | 18,244 | 6,428 | 5,465 | 18,722 | 8,724 | 8,135 | 15,020 | 4,565 | 13,820 | 13,039 | 7,022 | 24,909 | 11,758 | 5,196 | 3,789 | 2,405 | |
454/9 |
5,638 | 0 | 2,671 | 1,372 | 1,107 | 1,271 | 4,043 | 10,053 | 28,964 | 16,563 | 23,029 | 21,314 | 10,388 | 7,795 | 5,467 | - | 29,400 | 31,700 | |
47/48 |
- | - | - | - | 16,699 | 922 | - | - | - | - | 1,288 | 1,417 | 9,194 | 43,557 | 13,465 | 4,762 | 4,762 | 50,762 | |
492/3 |
- | 0 | 4,310 | 3,236 | 3,171 | 1,760 | 2,436 | 2,779 | 2,729 | 2,029 | 1,950 | 97 | 183 | 181 | 328 | 286 | - | - | |
| Income statement | |||||||||||||||||||
76A |
2,279 | 941 | - | - | - | 711 | 355 | - | 1,306 | 4,335 | - | - | - | 898 | - | - | - | - | |
9900 |
58,679 | 74,385 | 134,299 | 84,691 | 141,164 | 101,351 | 105,217 | 184,243 | 301,459 | 222,776 | 271,456 | 188,021 | 150,220 | 175,207 | 80,892 | 49,858 | 20,971 | 15,573 | |
62 |
11,722 | 31,445 | 67,587 | 51,971 | 72,780 | 17,295 | 67,829 | 187,247 | 259,771 | 177,140 | 206,706 | 152,622 | 114,586 | 80,689 | 24,815 | - | - | - | |
630 |
18,297 | 23,033 | 21,245 | 19,177 | 14,776 | 21,494 | 23,132 | 26,874 | 23,364 | 24,013 | 25,218 | 21,280 | 31,856 | 31,155 | 17,636 | 14,963 | 14,963 | 13,155 | |
631/4 |
- | - | - | - | - | - | - | - | -16,163 | - | 17,783 | - | - | - | - | - | - | - | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,956 | 21,970 | - | - | |
640/8 |
3,734 | 6,087 | 21,948 | 4,371 | 17,969 | 4,199 | 5,848 | 7,251 | 5,999 | 4,182 | 4,131 | 2,224 | 1,960 | 2,747 | 1,361 | 1,371 | 1,221 | 1,649 | |
66A |
- | - | - | - | - | 3,631 | - | - | - | - | - | 3,663 | 3,261 | 1,074 | - | - | 585 | 85 | |
9901 |
24,925 | 13,820 | 23,519 | 9,172 | 35,640 | 54,732 | 8,409 | -37,129 | 28,489 | 17,440 | 17,618 | 11,895 | 1,818 | 60,617 | 34,124 | 11,554 | 4,787 | 769 | |
75/76B |
8,781 | 4,890 | 3,048 | 2,808 | 5,552 | 4,267 | 7,515 | 5,661 | 2,628 | 5,711 | 169 | 284 | 523 | 469 | 1,001 | 30 | 63 | 432 | |
75 |
8,781 | 4,890 | 3,048 | 2,808 | 5,552 | 4,267 | 7,515 | 5,661 | 2,628 | 1,377 | 169 | 284 | 523 | 469 | 1,001 | 30 | 63 | 432 | |
76B |
- | - | - | - | - | - | - | - | - | 4,335 | - | - | - | - | - | - | - | - | |
65/66B |
12,228 | 15,061 | 15,905 | 7,103 | 7,584 | 6,121 | 13,380 | 6,995 | 10,113 | 16,153 | 11,007 | 5,432 | 6,039 | 2,350 | 2,874 | 2,914 | 3,135 | 2,669 | |
65 |
12,228 | 14,970 | 15,905 | 7,103 | 7,584 | 6,121 | 13,380 | 6,995 | 10,113 | 16,153 | 11,007 | 5,432 | 6,039 | 2,350 | 2,874 | 2,914 | 3,135 | 2,669 | |
66B |
0 | 91 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
21,479 | 3,649 | 10,663 | 4,876 | 33,607 | 52,877 | 2,543 | -38,464 | 21,003 | 6,998 | 6,780 | 3,084 | -6,958 | 58,562 | 32,251 | 8,670 | 1,131 | -1,553 | |
67/77 |
10,860 | 5,923 | 8,998 | 4,000 | 18,192 | 11,000 | 1,627 | 276 | 9,739 | 3,436 | 4,801 | 3,378 | 1,198 | 23,149 | 10,054 | 2,990 | 1,013 | 318 | |
9904 |
10,619 | -2,274 | 1,665 | 876 | 15,415 | 41,877 | 916 | -38,740 | 11,264 | 3,562 | 1,979 | -294 | -8,156 | 35,413 | 22,197 | 5,680 | 117 | -1,871 | |
689 |
- | - | - | - | - | - | 37 | 37 | 37 | 37 | - | - | - | - | - | - | - | - | |
9905 |
10,619 | -2,274 | 1,665 | 876 | 15,415 | 41,877 | 878 | -38,778 | 11,227 | 3,525 | 1,979 | -294 | -8,156 | 35,413 | 22,197 | 5,680 | 117 | -1,871 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
10,619 | -2,274 | 1,665 | 876 | 15,415 | 39,934 | -1,943 | -38,778 | 13,431 | 5,730 | 2,205 | 226 | -7,480 | 36,142 | 22,839 | 3,926 | -1,754 | -1,871 | |
791/2 |
0 | 2,274 | - | - | - | - | - | 35,956 | - | - | - | - | 8,000 | - | - | - | - | - | |
691/2 |
10,619 | - | 1,665 | 876 | 5,415 | 19,934 | - | - | 13,431 | 3,525 | - | - | - | 3,466 | 22,110 | 3,284 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 466 | 1,110 | 284 | - | - | |
6921 |
10,619 | - | 1,665 | 876 | 5,415 | 19,934 | - | - | 13,431 | 3,525 | - | - | - | 3,000 | 21,000 | 3,000 | - | - | |
694/7 |
- | - | - | - | 10,000 | 20,000 | - | - | - | - | - | - | - | 32,000 | - | - | - | - | |
694 |
- | - | - | - | 10,000 | 20,000 | - | - | - | - | - | - | - | 32,000 | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||
9087 |
0.5 | 0.5 | 2 | 3 | 1.6 | 0.6 | 1.3 | 3.9 | 6.6 | 3.4 | 4.7 | 3.1 | 2.6 | 1.9 | 0.7 | - | - | - | |
Hours worked1013 |
344 | 624 | 1,584 | 1,416 | 1,760 | 504 | 2,085 | 5,992 | 8,880 | 5,896 | 7,990 | 5,355 | 4,400 | 3,288 | 1,128 | - | - | - | |
| Document | |||||||||||||||||||
The notes to these accounts have 23 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 29 days after the deadline. Filed on 29 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00125890.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 29-05-2026 | 2026-00125890 | |
| 30-09-2024 | abbreviated format | 30-04-2025 | 2025-00082028 | |
| 30-09-2023 | abbreviated format | 30-05-2024 | 2024-00104252 | |
| 30-09-2022 | abbreviated format | 22-05-2023 | 2023-00093651 | |
| 30-09-2021 | abbreviated format | 02-05-2022 | 2022-20018774 | |
| 30-09-2020 | abbreviated format | 07-01-2021 | 2021-00500368 | |
| 30-09-2019 | abbreviated format | 09-04-2020 | 2020-08900348 | |
| 30-09-2018 | abbreviated format | 30-04-2019 | 2019-11500284 | |
| 30-09-2017 | abbreviated format | 27-04-2018 | 2018-11000180 | |
| 30-09-2016 | abbreviated format | 23-05-2017 | 2017-12900561 | |
| 30-09-2015 | abbreviated format | 22-04-2016 | 2016-10600120 | |
| 30-09-2014 | abbreviated format | 29-06-2015 | 2015-24200265 | |
| 30-09-2013 | abbreviated format | 08-04-2014 | 2014-08800368 | |
| 30-09-2012 | abbreviated format | 11-12-2012 | 2012-66200287 | |
| 30-09-2011 | abbreviated format | 30-03-2012 | 2012-07600495 | |
| 30-09-2010 | abbreviated format | 25-03-2011 | 2011-06600550 | |
| 30-09-2009 | abbreviated format | 26-03-2010 | 2010-07700288 | |
| 30-09-2008 | abbreviated format | 27-03-2009 | 2009-09300067 |
Subsidies and aid
Flemish government 2025, 1 entry, €150 awarded
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 43,223 | 36,853 | 44,764 | 28,349 | 50,416 | 76,226 | 31,541 | -10,255 | 51,852 | 41,454 | 42,836 | 33,175 | 33,674 | 91,772 | 51,760 | 26,517 | 19,750 | 13,924 | ||
| 28,916 | 20,760 | 22,909 | 20,053 | 30,192 | 63,372 | 24,048 | -11,866 | 34,628 | 27,576 | 27,197 | 20,986 | 23,700 | 66,567 | 39,832 | 20,643 | 15,080 | 11,284 | ||
| 3,287 | 29,223 | 10,267 | 18,900 | 110,391 | 26,578 | 41,438 | 48,672 | 61,512 | 106,666 | 38,711 | 8,728 | 37,217 | 98,062 | 14,843 | 0 | 23,440 | 65,270 | ||
| 1,122 | -21,528 | -2,074 | -35,873 | 3,183 | 34,466 | -65,612 | 3,398 | 190 | 65,039 | -88,225 | 30,275 | 50,943 | -33,213 | 24,304 | 3,281 | 5,673 | - | ||
| 12,243 | -1,897 | 23,181 | -19,443 | -2,654 | 10,722 | -6,412 | -20,690 | 35,147 | 37,944 | 39,641 | 30,494 | 26,326 | 26,181 | 41,758 | 22,863 | -5,003 | -12,629 | ||
| 13.2% | 10.0% | 8.1% | 8.9% | 8.0% | 7.2% | 2.6% | 1.7% | 8.5% | 5.9% | 7.7% | 8.5% | 10.3% | 14.3% | 17.8% | 13.0% | 8.8% | 6.3% | ||
| 1.04 | 0.99 | 1.06 | 0.94 | 0.99 | 1.03 | 0.98 | 0.96 | 1.08 | 1.08 | 1.11 | 1.10 | 1.12 | 1.15 | 1.29 | 1.33 | 0.94 | 0.90 | ||
| 0.79 | 0.61 | 0.74 | 0.52 | 0.61 | 0.68 | 0.62 | 0.72 | 0.79 | 0.88 | 0.82 | 0.77 | 0.82 | 0.84 | 0.91 | 1.12 | 0.76 | 0.80 | ||
| 6.10 | 8.33 | 10.78 | 9.61 | 10.84 | 12.22 | 35.65 | 54.87 | 10.32 | 15.21 | 11.28 | 10.05 | 8.02 | 5.41 | 3.97 | 5.34 | 10.38 | 14.94 | ||
| 21.0% | -5.7% | 3.9% | 2.2% | 38.8% | 121.9% | 7.3% | -335.4% | 22.4% | 9.1% | 5.6% | -0.9% | -24.1% | 84.4% | 57.6% | 34.8% | 1.1% | -17.8% | ||
| 2.8% | -0.6% | 0.3% | 0.2% | 3.1% | 8.7% | 0.2% | -5.8% | 1.9% | 0.5% | 0.4% | -0.1% | -2.5% | 12.0% | 10.3% | 4.5% | 0.1% | -1.1% | ||
| 3.53 | 2.46 | 2.81 | 3.99 | 6.65 | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | - | 3 | 3 | 3 |
| full-time | - | - | 3 | 3 | 3 |
| in full-time equivalents | - | - | 3 | 3 | 3 |
| 0.5 | 0.5 | 2 | 3 | 1.6 | |
| On a permanent contract | - | - | 1 | 1 | 1 |
| Joined | 1 | 3 | 2 | - | 2 |
| Left | 1 | 3 | 1 | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,189 | €29,223 | €7,775 | €18,900 | €110,391 |
| Financial fixed assets | €1,098 | - | €2,492 | - | - |
| €18,297 | €23,033 | €21,245 | €19,177 | €14,776 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on HECOTEC
The operating result for 2025 is 80% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 83.7% to 80.3%. Equity is higher and debt is lower.