Checked.be
Active
BE 0804.884.125Private limited company
Hectro
Grasbloemstraat 10 ·2170 Antwerpen, Belgium· 3 yrs active
Sector: General electrical installation work
(43211)
Conclusion
The computed 12-month bankruptcy probability of Hectro is 3.5% (moderate). The 2025 annual accounts show equity of €7k and a net result of €-6k. Its solvency ranks better than 33% of 26547 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €7k |
| Net result | €-6k |
| Better than sector | 33% |
| Active | 3 yrs |
Financial profile
37
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
17
Profitability
0
Solvency
44
Growth
32
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2023, 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.
Checked score
17
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
81
2024
17
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.70 (< 1.0)
-10
Profitability
Negatieve ROE -85%
-10
Interest coverage
Interest coverage -14.1× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 25-07-2026 with the NBB · fiscal year 2025 · micro schema
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 32.0% | 47.4% | |
| Net result | €-6k | €10k | |
| Equity | €7k | €60k | |
| Gross operating margin | €-2k | €39k | |
| Total assets | €21k | €141k |
€-2k
-
24-25
€-6k
-
24-25
€-2k
-
24-25
€21k
-27.6%
24-25
€7k
-45.9%
24-25
€-4k
-
24-25
€0
-100.0%
24-25
€14k
-13.9%
24-25
€14k
-13.9%
24-25
0.70
-32.5%
24-25
0.70
-32.5%
24-25
32.0%
-25.3%
24-25
2.12
+59.4%
24-25
-85.0%
-
24-25
-27.2%
-
24-25
-14.11
-
24-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 |
|---|---|---|
| Deposit | micro schema | micro schema |
| Revenue | - | - |
| EBITDA | €-2k | €15k |
| Net profit | €-6k | €9k |
| Cash flow | €-2k | €13k |
| Staff costs | - | - |
| Income taxes | €0 | €2k |
| Dividends | - | - |
| Total assets | €21k | €29k |
| Equity | €7k | €13k |
| Debt | €14k | €17k |
| of which ≤ 1y | €14k | €17k |
| of which > 1y | - | - |
| Working capital | €-4k | €526 |
| Employees (FTE) | - | - |
Ratios (computed)
| 2025 | 2024 | |
|---|---|---|
| Current ratio | 0.70 | 1.03 |
| Quick ratio | 0.70 | 1.03 |
| Working capital ratio | -20.6% | 1.8% |
| Solvency | 32.0% | 42.9% |
| Debt / equity | 2.12 | 1.33 |
| Long-term debt ratio | - | - |
| Interest coverage | -14.11 | 175.57 |
| Gross margin | - | - |
| Net margin | - | - |
| ROA | -27.2% | 29.2% |
| ROE | -85.0% | 68.0% |
| EBITDA margin | - | - |
| Days sales outstanding | - | - |
| Days payable outstanding | - | - |
| Inventory turnover | - | - |
| Days inventory (DSI) | - | - |
Balance-sheet composition 2025
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 |
|---|---|---|---|
| Balance sheet, Assets | |||
| TOTAL ASSETS | 20/58 | €21k | €29k |
| Fixed assets | 21/28 | €11k | €12k |
| Tangible fixed assets | 22/27 | €11k | €12k |
| Current assets | 29/58 | €10k | €17k |
| Amounts receivable within one year | 40/41 | €3k | €2k |
| Cash & bank | 54/58 | €7k | €14k |
| Balance sheet, Equity & liabilities | |||
| TOTAL EQUITY & LIABILITIES | 10/49 | €21k | €29k |
| Equity | 10/15 | €7k | €13k |
| Contributions / capital | 10/11 | €4k | €4k |
| Accumulated profits (losses) | 14 | €3k | €9k |
| Amounts payable | 17/49 | €14k | €17k |
| Amounts payable within one year | 42/48 | €14k | €17k |
| Trade debts payable within one year | 44 | €8k | €5k |
| Income statement | |||
| Gross operating margin | 9900 | €-2k | €16k |
| Operating result | 9901 | €-6k | €11k |
| Financial income | 75 | €11 | €1 |
| Financial charges | 65 | €162 | €86 |
| Result before taxes | 9903 | €-6k | €11k |
| Income taxes | 67/77 | €0 | €2k |
| Net result for the period | 9904 | €-6k | €9k |
| Result to be appropriated | 9905 | €-6k | €9k |
Legal Structure
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 18-08-2023 |
| Status | Active |
| Postal code | 2170 |
Establishment units
Hectro
since 20232.349.126.796
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0142/00E015 | Flanders | 164 m² | 1 · 119 m² | 7.1 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
General electrical installation work43211Repair and maintenance of electrical equipment33140General construction of residential buildings41001Electrical installation work in industrial facilities43212Activities of building architects71111Repair and maintenance of computers and communication equipment95100Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles95110
Names & trade names
| Legal nameNL | Hectro |
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