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HEDACH

Active
Public limited companyfounded 199729 yrs activeMorsheck 8, 4760 Büllingen, BelgiumKBO/BCE: BE 0460.281.331
Summary

HEDACH has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €525,439 and a net result of €116,640. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 168 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
HEDACHActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of other builders' carpentry and joinery
NACE 16230Manufacture of chemicals and chemical products NACE 20300Roofing work NACE 43410
#10 oldest company in Bullange, Manufacturing sector1 site
Size
€1.1mtotal assets 2025
Staff
3.4 FTE
Equity
€525,439
Profit
€116,640
Financial health
90 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Largest shareholder
KRÜGER GROUP · 50%
Accounts 1 d early0 of 3 deeds read
Why 90- Liquidity: current ratio 1.98, cash €7,442- Sector Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)+ Founded in 1997+ Size: 3.4 FTE, total assets €1.1mShow the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Better than 47% of its sector peers (NACE 16, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 72+4
equity 46.6% of total assets
Liquidity 39-2
short-term debt 29.6% · cash 0.7%
Profitability 82+54
return on assets 10.4%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,028 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● 0.0% vs 11-2024lowest value 01-2025: 0.1%● 0.0% vs 12-2024lowest value 02-2025: 0.1%▲ +1.6% vs 01-2025 03-2025: 0.1%▼ -1.6% vs 02-2025lowest value 04-2025: 0.1%▲ +7.1% vs 03-2025 05-2025: 0.1%▲ +6.6% vs 04-2025 06-2025: 0.1%▼ -1.4% vs 05-2025 07-2025: 0.2%▲ +54.5% vs 06-2025 08-2025: 0.4%▲ +103% vs 07-2025 09-2025: 0.4%● 0.0% vs 08-2025 10-2025: 0.4%● 0.0% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.4%● 0.0% vs 11-2025 01-2026: 0.4%● 0.0% vs 12-2025 02-2026: 0.4%● 0.0% vs 01-2026 03-2026: 0.4%● 0.0% vs 02-2026 04-2026: 0.5%▲ +5.1% vs 03-2026 05-2026: 0.5%▲ +0.8% vs 04-2026highest value 06-2026: 0.4%▼ -14.9% vs 05-2026 07-2026: 0.4%▼ -3.0% vs 06-2026 08-2026: 0.2%▼ -61.5% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • Founded in 1997 lowers the probability for this profile
  • Size: 3.4 FTE, total assets €1.1m lowers the probability for this profile
  • Liquidity: current ratio 1.98, cash €7,442 raises the probability
  • Sector Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16) raises the probability
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 2.16 in 2024; short-term debt: 29.6% and cash: 0.7% of total assets), but 53.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 16, micro). Better than this share of them on solvency 55%, liquidity 28%, profitability 73%, growth against the median 33%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1997
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: 3.4 FTE, total assets €1.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.98, cash €7,442
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
In the bankruptcy model this factor raises the probability.
KBO
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
2 d early
2023
43 d early
2022
7 d early
2021
24 d early
2020
15 d early
2019
21 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 16 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 24 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Back to profitnet €116,640
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Back in profit in 2025after -€78,086 in 2024 €116,640 View
  • Positive: Oldest company in Bullange, Manufacturing sectorin the Checked rankings #10 View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View

By topic

Financials

Fiscal year
2025
Total assets
€1.1m
Profit
€116,640
Solvency
46.6%
Total assets▼ 9.7%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 30-07-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 29-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of other builders' carpentry and joineryNACE 16230
Founded
24-03-1997
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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