HECTORY · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of HECTORY is 4.3% (elevated). The 2025 annual accounts show equity of €310k and a net result of €102k. Equity is growing by ~81.8% per year across the filed fiscal years. Its solvency ranks better than 89% of 1090 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

4.3% Elevated

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Young company +Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 89% of 1090 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 19-12-2025, 12 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-05. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-05-2025, that is 31-12-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-05-2025	31-12-2025	19-12-2025	12 d early	2025-00585943
31-05-2024	31-12-2024	30-12-2024	1 d early	2024-00626815
31-05-2023	31-12-2023	04-04-2024	95 d late	2024-00059324
31-05-2022	31-12-2022	23-01-2023	23 d late	2023-00001418

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€811k-13.9%

EBIT margin17.6%+0.6pp

Net result€102k-13.3%

Working capital€225k+117.7%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 19-12-2025 with the NBB · fiscal year 2025 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~81.8%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	71.4%	25.9%	better than 89% of 1090 sector peers
Net result	€102k	€7k	better than 95% of 1092 sector peers
Equity	€310k	€23k	better than 95% of 1094 sector peers
Gross operating margin	€379k	€63k	better than 95% of 1088 sector peers
Staff costs	€199k	€51k	higher than 90% of 796 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P89

Improving position over 2022-2025 · n=1090-5634

Net result P95

Stable position over 2022-2025 · n=1092-5623

Equity P95

Improving position over 2022-2025 · n=1094-5646

Gross operating margin P95

Improving position over 2022-2025 · n=1088-5609

Describes the position versus peers, not a forecast.

Revenue

€811k

-13.9% 22-25

EBITDA

€162k

-10.2% 22-25

Net profit

€102k

-13.3% 22-25

Cash flow

€121k

-11.9% 22-25

Total assets

€435k

-8.8% 22-25

Equity

€310k

+48.9% 22-25

Working capital

€225k

+117.7% 22-25

Employees (FTE)

9

+40.6% 22-25

Staff costs

€199k

-0.2% 22-25

Income taxes

€47k

+18.5% 22-25

Debt

€125k

-53.5% 22-25

Debt ≤ 1y

€125k

-53.5% 22-25

Current ratio

2.81

+102.6% 22-25

Quick ratio

2.81

+102.6% 22-25

Solvency

71.4%

+63.2% 22-25

Debt / equity

0.40

-68.8% 22-25

ROE

32.8%

-41.8% 22-25

ROA

23.4%

-5.0% 22-25

Net margin

12.6%

+0.7% 22-25

EBITDA margin

20.0%

+4.3% 22-25

Interest coverage

354.88

+532.5% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	€811k
EBITDA	€162k
Net profit	€102k
Cash flow	€121k
Staff costs	€199k
Income taxes	€47k
Dividends	-
Total assets	€435k
Equity	€310k
Debt	€125k
of which ≤ 1y	€125k
of which > 1y	-
Working capital	€225k
Employees (FTE)	9.0

Ratios (computed)

	2025
Current ratio	2.81
Quick ratio	2.81
Working capital ratio	51.8%
Solvency	71.4%
Debt / equity	0.40
Long-term debt ratio	-
Interest coverage	354.88
Gross margin	46.8%
Net margin	12.6%
ROA	23.4%
ROE	32.8%
EBITDA margin	20.0%
Days sales outstanding	14d
Days payable outstanding	40d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €85k · 19.6% Current assets €350k · 80.4%

Equity & liabilities

Equity €310k · 71.4% Debt €125k · 28.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€435k
Fixed assets	21/28	€85k
Intangible fixed assets	21	€21k
Tangible fixed assets	22/27	€18k
Financial fixed assets	28	€46k
Current assets	29/58	€350k
Amounts receivable within one year	40/41	€336k
Cash & bank	54/58	€13k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€435k
Equity	10/15	€310k
Contributions / capital	10/11	€2k
Reserves	13	€90k
Accumulated profits (losses)	14	€218k
Amounts payable	17/49	€125k
Amounts payable within one year	42/48	€125k
Trade debts payable within one year	44	€47k
Income statement
Turnover	70	€811k
Gross operating margin	9900	€379k
Operating result	9901	€143k
Financial income	75	€7k
Financial charges	65	€458
Result before taxes	9903	€149k
Income taxes	67/77	€47k
Net result for the period	9904	€102k
Result to be appropriated	9905	€102k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

100 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

1 director

Former directors (1)

Xhelili Elton
Director
State Gazette act 25027202 (26-02-2025)

Former
- → 26-02-2025

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Activiteiten van eetgelegenheden met volledige bediening(56111)
Legal form	Private limited company(610)
Incorporation	01-06-2021
Status	Active
Postal code	8430

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

2 locations

BENVENUTO

Zeedijk 181, 8430 MiddelkerkeEetgelegenheden met volledige bediening

since 20212.319.986.315

BAR PIZZERIE MARIO

Kapellestraat 93A, 8400 OostendeEetgelegenheden met volledige bediening

since 20242.354.283.634

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area368 m²

Buildings2

Building footprint493 m²

Volume (LiDAR)9,523 m³

Tallest building33.9 m · ±6 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35322C0283/00L034	Flanders	299 m²	1 · 424 m²	33.9 m · 6 fl.
35013A1342/00C000 ProtectedMonumentNeoclassicistisch herenhuisSource ↗	Flanders	69 m²	1 · 69 m²	19.3 m · 5 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

Capital history · 1

26-02-2025

Capital change

All acts · 1 updated 1 year ago

2025

26-02-2025 Transaction in capital or shares Capital & shares

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

95 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 96

Solvency 100

Growth 85

Stability 94

Credit advice

verdict per customer and amount

Similar

Similar companies

Comparable size, same sector

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CHEN LU

BE 0775.992.773 · Geraardsbergen

Eq €309k→

JC DELICIOUS

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Eq €314k→

We hold annual accounts for 2,991 of the 20,277 companies in this sector. 1,588 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Eetgelegenheden met volledige bediening56101Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met volledige bediening56111Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112

Primary activity highlighted.

Names & trade names

Legal nameNL

HECTORY

Registered office

Zeedijk 181 bus GLV

8430 Middelkerke, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.