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HECTAAR

Active
Public limited companyfounded 200620 yrs activeArmoedestraat 40, 8800 Roeselare, BelgiumKBO/BCE: BE 0883.206.675
Summary

HECTAAR has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25.6m and a net result of €7.0m. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 72% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability92▲+17
Solvency91▲+6
Growth72▼-5
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 3.31 against 2.61 in 2024; short-term debt: 24.9% and cash: 0.3% of total assets), and 33.6% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
66.4%
Return on assets
18.1%
Age of the figures
9 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 13-07-2026, 18 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
18 d early
2024
27 d early
2023
23 d early
2022
25 d early
2021
47 d early
2020
43 d early
2019
22 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 29 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

HECTAAR was incorporated on 29 August 2006.1 Revenue grew from EUR 31 million in 2020 to EUR 47 million in 2025 and headcount from 7.8 full-time equivalents in 2018 to 21.9 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2020 and 2025

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Financials · fiscal year 2025, full schema, statutory accounts

Turnover
€47.1m▼ 6.1%
2024 · €50.2m
EBIT margin
17.5%▲ 7.4pp
2024 · 10.1%
Net result
€7.0m▲ 67.0%
2024 · €4.2m
Working capital
€22.2m▼ 0.6%
2024 · €22.3m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€36.1m▲ 15.7%€36.0m▼ 0.1%€42.1m▲ 16.9%€50.2m▲ 19.1%€47.1m▼ 6.1%
Operating result€6.2m▲ 39.7%€7.9m▲ 28.6%€7.2m▼ 8.6%€5.1m▼ 30.1%€8.3m▲ 63.1%
Net result€4.9mabove the sector's middle half▲ 19.6%€6.3mabove the sector's middle half▲ 26.9%€5.8mabove the sector's middle half▼ 6.9%€4.2mabove the sector's middle half▼ 28.5%€7.0mabove the sector's middle half▲ 67.0%
EBIT margin17.1%▲ 2.9pp22.0%▲ 4.9pp17.2%▼ 4.8pp10.1%▼ 7.1pp17.5%▲ 7.4pp
Equity€14.4mabove the sector's middle half▲ 36.5%€19.6mabove the sector's middle half▲ 36.0%€23.3mabove the sector's middle half▲ 19.1%€25.4mabove the sector's middle half▲ 8.9%€25.6mabove the sector's middle half▲ 0.7%
Total assets€19.4mabove the sector's middle half▲ 7.7%€25.6mabove the sector's middle half▲ 32.3%€39.9mabove the sector's middle half▲ 55.7%€42.1mabove the sector's middle half▲ 5.6%€38.5mabove the sector's middle half▼ 8.6%
Debt€5.0m▼ 33.2%€6.0m▲ 21.7%€16.5m▲ 174%€16.7m▲ 1.0%€12.9m▼ 22.6%
Working capital€11.7mabove the sector's middle half▲ 22.2%€15.9mabove the sector's middle half▲ 35.7%€19.7mabove the sector's middle half▲ 23.9%€22.3mabove the sector's middle half▲ 13.5%€22.2mabove the sector's middle half▼ 0.6%
Solvency74.3%above the sector's middle half▲ 15.7pp76.4%above the sector's middle half▲ 2.1pp58.5%within the sector's middle half▼ 17.9pp60.3%within the sector's middle half▲ 1.8pp66.4%within the sector's middle half▲ 6.1pp
Current ratio3.77above the sector's middle half▲ 1.333.72above the sector's middle half▼ 0.052.46within the sector's middle half▼ 1.252.61within the sector's middle half▲ 0.153.31within the sector's middle half▲ 0.70
Return on assets (ROA)25.6%above the sector's middle half▲ 2.6pp24.5%above the sector's middle half▼ 1.0pp14.7%above the sector's middle half▼ 9.9pp9.9%above the sector's middle half▼ 4.7pp18.1%above the sector's middle half▲ 8.2pp
Staff (FTE)17.6above the sector's middle half▲ 31.3%16.7above the sector's middle half▼ 5.1%18.7above the sector's middle half▲ 12.0%21above the sector's middle half▲ 12.3%21.9above the sector's middle half▲ 4.3%
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€2.5m€5.0m€7.5mOperating result 2021: €6.2m€6.2mNet result 2021: €4.9m€4.9mOperating result 2022: €7.9m€7.9mNet result 2022: €6.3m€6.3mOperating result 2023: €7.2m€7.2mNet result 2023: €5.8m€5.8mOperating result 2024: €5.1m€5.1mNet result 2024: €4.2m€4.2mOperating result 2025: €8.3m€8.3mNet result 2025: €7.0m€7.0m20212022202320242025€0€2.5m€5m€7.5mOperating result 2023: €7.2m€7.2mNet result 2023: €5.8m€5.8mOperating result 2024: €5.1m€5.1mNet result 2024: €4.2m€4.2mOperating result 2025: €8.3m€8.3mNet result 2025: €7.0m€7m202320242025
The operating result recovers in 2025; 2025 is 63% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38.5m
Fixed assets €6.7m ▲ 12.8%
Current assets €31.8m ▼ 12.1%
Equity and liabilities €38.5m
Equity €25.6m ▲ 0.7%
Provisions €33,960 ▼ 5.3%
Debt €12.9m ▼ 22.6%
Debt's share of the balance-sheet total falls from 39.6% to 33.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€8.8m▲
2024 · €5.4m
Cash flow
€7.5m▲
2024 · €4.5m
Quick ratio
0.13▼
2024 · 0.14
Debt to equity
0.50▼
2024 · 0.66
ROE
27.3%▲
2024 · 16.5%
Interest coverage
24.33▲
2024 · 6.17
Debt ≤ 1 year
€9.6m▼
2024 · €13.8m
Debt > 1 year
€2.6m▼
2024 · €2.9m
Income taxes
€1.9m▲
2024 · €906,327
Staff costs
€1.7m▲
2024 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 20,129 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 93 lines
Balance sheet Code20242025
Assets
Total assets20/58€42.1m€38.5m▼
Fixed assets21/28€6.0m€6.7m▲
Intangible fixed assets21€317,325€287,433▼
Tangible fixed assets22/27€5.3m€6.2m▲
Land and buildings22€5.1m€4.9m▼
Plant, machinery and equipment23€39,612€39,824▲
Furniture and vehicles24€143,220€106,715▼
Other tangible fixed assets26€9,000€1.1m▲
Financial fixed assets28€347,038€254,167▼
Affiliated companies280/1€37,500€37,500=
Participating interests280€37,500€37,500=
Amounts receivable281€0-
Other financial fixed assets284/8€309,538€216,667▼
Amounts receivable and cash guarantees285/8€309,538€216,667▼
Current assets29/58€36.1m€31.8m▼
Stocks and contracts in progress3€34.2m€30.6m▼
Stocks30/36€33.3m€29.6m▼
Property held for sale35€33.3m€29.6m▼
Contracts in progress37€840,060€957,620▲
Amounts receivable within one year40/41€1.6m€623,719▼
Trade receivables40€1.3m€549,415▼
Other amounts receivable41€306,807€74,304▼
Current investments50/53-€425,000
Other investments51/53-€425,000
Cash at bank and in hand54/58€248,518€111,540▼
Deferred charges and accrued income490/1€55,501€59,788▲
Equity and liabilities
Total equity and liabilities10/49€42.1m€38.5m▼
Equity10/15€25.4m€25.6m▲
Contributions10/11€250,000€250,000=
Capital10€250,000€250,000=
Issued capital100€250,000€250,000=
Reserves13€25.1m€25.3m▲
Non-distributable reserves130/1€25,000€25,000=
Legal reserve130€25,000€25,000=
Tax-exempt reserves132€4.6m€4.3m▼
Distributable reserves133€20.5m€21.0m▲
Provisions and deferred taxes16€35,847€33,960▼
Deferred taxes168€35,847€33,960▼
Amounts payable17/49€16.7m€12.9m▼
Amounts payable after more than one year17€2.9m€2.6m▼
Financial debts170/4€2.9m€2.6m▼
Credit institutions173€2.9m€2.6m▼
Amounts payable within one year42/48€13.8m€9.6m▼
Current portion of amounts payable after more than one year42€202,692€208,779▲
Financial debts43€6.2m€853,490▼
Credit institutions430/8€6.2m€853,490▼
Trade debts44€1.6m€1.4m▼
Suppliers440/4€1.6m€1.4m▼
Advances received on contracts in progress46€952,370€639,956▼
Taxes, remuneration and social security45€982,888€634,634▼
Taxes450/3€810,018€455,426▼
Remuneration and social security454/9€172,870€179,208▲
Other amounts payable47/48€3.9m€5.8m▲
Accrued charges and deferred income492/3€43€665,000▲
Income statement Code20242025
Operating income70/76A€43.5m€55.3m▲
Turnover70€50.2m€47.1m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€7.7m€7.4m▲
Other operating income74€931,583€762,611▼
Non-recurring operating income76A€11,727€6,140▼
Operating charges60/66A€38.4m€47.0m▲
Goods for resale, raw materials and consumables60€33.4m€41.9m▲
Purchases600/8€36.0m€38.2m▲
Change in stocks: decrease (increase)609-€2.5m€3.8m▲
Services and other goods61€3.0m€2.8m▼
Remuneration, social security and pensions62€1.6m€1.7m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€342,775€502,489▲
Other operating charges640/8€18,566€45,692▲
Operating profit (loss)9901€5.1m€8.3m▲
Financial income75/76B€995,024€1.1m▲
Recurring financial income75€995,024€1.1m▲
Income from financial fixed assets750€462,341€500,000▲
Income from current assets751-€17,367
Other financial income752/9€532,684€621,391▲
Financial charges65/66B€974,885€505,873▼
Recurring financial charges65€974,885€505,873▼
Debt charges650€875,961€359,995▼
Other financial charges652/9€98,924€145,878▲
Profit (loss) for the period before taxes9903€5.1m€8.9m▲
Transfer from deferred taxes780€1,887€1,887=
Income taxes67/77€906,327€1.9m▲
Taxes670/3€993,193€1.9m▲
Tax adjustments and reversals of tax provisions77€86,866-
Profit (loss) for the period9904€4.2m€7.0m▲
Transfer from tax-exempt reserves789€110,910€426,660▲
Transfer to tax-exempt reserves689-€105,250
Profit (loss) for the period to be appropriated9905€4.3m€7.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.3m€7.3m▲
Transfer to equity691/2€2.2m€494,708▼
To other reserves6921€2.2m€494,708▼
Profit to be distributed694/7€2.1m€6.8m▲
Return on contributions (dividend)694€1.3m€6.0m▲
Directors or managers695€800,000€800,000=
Social balance
Average headcount (FTE)908721.021.9▲

The notes to these accounts (77 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€37.5m€39.8m€45.0m€43.5m€55.3m▲ 27.2%
Turnover70€36.1m€36.0m€42.1m€50.2m€47.1m▼ 6.1%
Change in stocks of work in progress, finished goods and contracts in progress71€1.2m€3.3m€2.2m-€7.7m€7.4m▲ 196%
Other operating income74€206,384€497,941€490,793€931,583€762,611▼ 18.1%
Non-recurring operating income76A€200€13,177€158,486€11,727€6,140▼ 47.6%
Operating charges60/66A€31.3m€31.9m€37.7m€38.4m€47.0m▲ 22.4%
Goods for resale, raw materials and consumables60€28.5m€28.8m€33.7m€33.4m€41.9m▲ 25.4%
Purchases600/8€29.4m€33.1m€45.4m€36.0m€38.2m▲ 6.1%
Change in stocks: decrease (increase)609-€868,930-€4.2m-€11.6m-€2.5m€3.8m▲ 248%
Services and other goods61€1.2m€1.7m€2.3m€3.0m€2.8m▼ 4.3%
Remuneration, social security and pensions62€1.3m€1.3m€1.4m€1.6m€1.7m▲ 4.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€281,171€122,456€229,916€342,775€502,489▲ 46.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11,966-----
Other operating charges640/8€24,774€20,732€23,250€18,566€45,692▲ 146%
Operating profit (loss)9901€6.2m€7.9m€7.2m€5.1m€8.3m▲ 63.1%
Financial income75/76B€414,803€503,358€780,239€995,024€1.1m▲ 14.4%
Recurring financial income75€414,803€503,358€780,239€995,024€1.1m▲ 14.4%
Income from financial fixed assets750--€35,828€462,341€500,000▲ 8.1%
Income from current assets751€557€2,759--€17,367-
Other financial income752/9€414,246€500,599€744,411€532,684€621,391▲ 16.7%
Financial charges65/66B€224,467€183,036€490,082€974,885€505,873▼ 48.1%
Recurring financial charges65€224,467€183,036€490,082€974,885€505,873▼ 48.1%
Debt charges650€127,785€90,131€393,652€875,961€359,995▼ 58.9%
Other financial charges652/9€96,682€92,906€96,429€98,924€145,878▲ 47.5%
Profit (loss) for the period before taxes9903€6.4m€8.2m€7.5m€5.1m€8.9m▲ 74.9%
Transfer from deferred taxes780---€1,887€1,887=
Transfer to deferred taxes680--€37,734---
Income taxes67/77€1.4m€2.0m€1.7m€906,327€1.9m▲ 112%
Taxes670/3€1.4m€2.0m€1.7m€993,193€1.9m▲ 93.0%
Tax adjustments and reversals of tax provisions77---€86,866--
Profit (loss) for the period9904€4.9m€6.3m€5.8m€4.2m€7.0m▲ 67.0%
Transfer from tax-exempt reserves789-€347,466€380,784€110,910€426,660▲ 285%
Transfer to tax-exempt reserves689€421,000-€113,201-€105,250-
Profit (loss) for the period to be appropriated9905€4.5m€6.6m€6.1m€4.3m€7.3m▲ 70.1%
Line20212022202320242025Change
Assets
Total assets20/58€19.4m€25.6m€39.9m€42.1m€38.5m▼ 8.6%
Fixed assets21/28€3.4m€3.9m€6.7m€6.0m€6.7m▲ 12.8%
Intangible fixed assets21€623€64,673€219,945€317,325€287,433▼ 9.4%
Tangible fixed assets22/27€3.0m€3.1m€5.4m€5.3m€6.2m▲ 16.7%
Land and buildings22€2.8m€2.8m€5.2m€5.1m€4.9m▼ 4.1%
Plant, machinery and equipment23€15,283€34,060€36,794€39,612€39,824▲ 0.5%
Furniture and vehicles24€74,314€92,378€107,873€143,220€106,715▼ 25.5%
Other tangible fixed assets26€9,000€9,000€9,000€9,000€1.1m▲ 12,537%
Assets under construction and advance payments27€38,075€229,330----
Financial fixed assets28€462,996€703,026€1.1m€347,038€254,167▼ 26.8%
Affiliated companies280/1€37,500€37,500€825,288€37,500€37,500=
Participating interests280€37,500€37,500€37,500€37,500€37,500=
Amounts receivable281--€787,788€0--
Other financial fixed assets284/8€425,496€665,526€291,019€309,538€216,667▼ 30.0%
Amounts receivable and cash guarantees285/8€425,496€665,526€291,019€309,538€216,667▼ 30.0%
Current assets29/58€15.9m€21.7m€33.1m€36.1m€31.8m▼ 12.1%
Amounts receivable after more than one year29-€171,960----
Other amounts receivable291-€171,960----
Stocks and contracts in progress3€15.4m€20.4m€32.1m€34.2m€30.6m▼ 10.6%
Stocks30/36€15.0m€19.2m€30.8m€33.3m€29.6m▼ 11.3%
Property held for sale35€15.0m€19.2m€30.8m€33.3m€29.6m▼ 11.3%
Contracts in progress37€468,528€1.2m€1.3m€840,060€957,620▲ 14.0%
Amounts receivable within one year40/41€311,568€818,635€327,216€1.6m€623,719▼ 62.1%
Trade receivables40€311,568€783,526€325,021€1.3m€549,415▼ 59.0%
Other amounts receivable41-€35,109€2,195€306,807€74,304▼ 75.8%
Current investments50/53----€425,000-
Other investments51/53----€425,000-
Cash at bank and in hand54/58€150,134€274,248€667,917€248,518€111,540▼ 55.1%
Deferred charges and accrued income490/1€22,099€61,682€56,223€55,501€59,788▲ 7.7%
Equity and liabilities
Total equity and liabilities10/49€19.4m€25.6m€39.9m€42.1m€38.5m▼ 8.6%
Equity10/15€14.4m€19.6m€23.3m€25.4m€25.6m▲ 0.7%
Contributions10/11€250,000€250,000€250,000€250,000€250,000=
Capital10€250,000€250,000€250,000€250,000€250,000=
Issued capital100€250,000€250,000€250,000€250,000€250,000=
Reserves13€14.1m€19.3m€23.1m€25.1m€25.3m▲ 0.7%
Non-distributable reserves130/1€25,000€25,000€25,000€25,000€25,000=
Legal reserve130€25,000€25,000€25,000€25,000€25,000=
Tax-exempt reserves132€5.4m€5.0m€4.8m€4.6m€4.3m▼ 6.9%
Distributable reserves133€8.7m€14.3m€18.3m€20.5m€21.0m▲ 2.4%
Provisions and deferred taxes16--€37,734€35,847€33,960▼ 5.3%
Deferred taxes168--€37,734€35,847€33,960▼ 5.3%
Amounts payable17/49€5.0m€6.0m€16.5m€16.7m€12.9m▼ 22.6%
Amounts payable after more than one year17€735,724€194,059€3.1m€2.9m€2.6m▼ 7.3%
Financial debts170/4€735,724€194,059€3.1m€2.9m€2.6m▼ 7.3%
Subordinated loans170€700,000-----
Credit institutions173€35,724€194,059€3.1m€2.9m€2.6m▼ 7.3%
Amounts payable within one year42/48€4.2m€5.8m€13.5m€13.8m€9.6m▼ 30.6%
Current portion of amounts payable after more than one year42€47,088€73,068€198,290€202,692€208,779▲ 3.0%
Financial debts43€887,279€2.0m€3.7m€6.2m€853,490▼ 86.1%
Credit institutions430/8€887,279€2.0m€3.7m€6.2m€853,490▼ 86.1%
Trade debts44€1.1m€1.7m€2.2m€1.6m€1.4m▼ 13.7%
Suppliers440/4€1.1m€1.7m€2.2m€1.6m€1.4m▼ 13.7%
Advances received on contracts in progress46€464,383€469,886€676,578€952,370€639,956▼ 32.8%
Taxes, remuneration and social security45€523,829€501,353€787,292€982,888€634,634▼ 35.4%
Taxes450/3€405,322€373,347€642,504€810,018€455,426▼ 43.8%
Remuneration and social security454/9€118,507€128,006€144,789€172,870€179,208▲ 3.7%
Other amounts payable47/48€1.2m€1.1m€5.9m€3.9m€5.8m▲ 50.0%
Accrued charges and deferred income492/3€750€750-€43€665,000▲ 1,556,548%
Line20212022202320242025Change
Profit (loss) for the period9904€4.9m€6.3m€5.8m€4.2m€7.0m▲ 67.0%
+ Depreciation and write-downs630€281,171€122,456€229,916€342,775€502,489▲ 46.6%
Operating cash flow (approximation)€5.2m€6.4m€6.1m€4.5m€7.5m▲ 65.4%
Investment in fixed assets (approximation)--€581,328-€3.1m€437,551-€1.3m▼ 389%
Change in cash-€124,113€393,669-€419,399-€136,977▲ 67.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-07
State Gazette act Reappointment: BV VRC BEDRIJFSREVISOREN (statutory auditor)
Permanent representative: Mathias Vandaele3 facts ▸
  • General meeting, 29-06-2026
  • Auditor reappointment, BV VRC BEDRIJFSREVISOREN (statutory auditor)
  • Permanent representative, Mathias Vandaele (permanent representative)
13-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
13-07
NBB filing Annual accounts filed
fiscal year 2025 · consolidated
2025
31-12
Financial Highest result since 2018net €7.0m ▲67%
Operating result €8.3m, net result €7.0m, both a record.
25-07
NBB filing Annual accounts filed
fiscal year 2024 · consolidated
04-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Equity above €25mEq €25.4m ▲8.9%
7 profitable years in a row build equity to €25.4m.
08-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
06-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
14-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
18-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Equity above €10mEq €10.5m ▲44.3%
3 profitable years in a row build equity to €10.5m.
09-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts

Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors

Statutory auditor 1

VRC BEDRIJFSREVISOREN BV
Statutory auditor · since 31-07-2026 · perm. rep.: Frederik VANDER DONCKT
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Roeselare · 2 establishment units since 2006
seat establishment All 2 establishment units on the map
Ground area
1.2 ha
Building footprint
397 m²
Volume, LiDAR
2 m³
2 parcels, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
9 companies at this address See who is registered here
2 establishment units
H E C T A A R
Armoedestraat 40, 8800 RoeselareNACE 70111
since 20062.156.841.322
Hectaar
Assesteenweg 71/201, 1740 TernatReal estate development
since 20232.342.275.232
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36017A1501/00G000 Flanders 8,622 m² - -
23086B0224/00H000 Flanders 3,851 m² 1 · 397 m² 0.1 m
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

1 person since 2026, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
VRC BEDRIJFSREVISOREN BV
  • Statutory auditor, from 31-07-2026 to date
See the board, name and seat on a given date →

Structure & network

Owners and holdings

2 owners · 1 holding

According to the 2025 annual accounts of HECTAAR and those 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

2022 to 2025 · 4 entries · 7,568 EUR awarded · 6,568 EUR paid
Year Entries awardedpaid
2025 1 188 EUR1,389 EUR
2024 1 3,099 EUR1,898 EUR
2023 1 2,911 EUR1,911 EUR
2022 1 1,370 EUR1,370 EUR
Schemes
4 entries · 7,568 EUR · 6,568 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 601 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded29-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0883206675
Also 9925:BE0883206675

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Business parks

1 park
Offers a parcel on business park:Sint-Pieters-Zuid-Oost 5/5
Brugge