Result
-€14,858 -€14,858
From profit to loss in 2025, after a profit of €3.3m in 2024.
Hedan
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €3.3m (2024)
€159,638▼ 95.2%
lowest -€70,471 (2009)
-€14,858▼ €3.3m
peak €1.1m (2024)
€1.1m▼ 1.3%
€3.5m▼ 6.6%
peak 0.5 FTE (2009)
-not published
Board4 names since 2013
4 directorsVAN CAMPENHOUT Hedwig and 3 others
Owners2 names in the annual accounts
Documentsfilings and deeds
18-05-202674 days before the deadline
2025abbreviated format
Gross margin from €3.3m to €159,638Loss of €14,858Cash from €274,984 to €398,041
Key points
from the 2025 annual accountsDebts
€3.5m 76% of the balance sheet
Financial debts 8%Suppliers 0%Taxes and wages 0%Other 91%
€315,790 of the debts are secured on the company's own assets. In 2021 that was €1.8m.
Filings
32 annual accounts since 1994
The last five annual accounts were filed 28 to 76 days before the end of the period.
Checked score
90
Excellent
Financially stronger than 20% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.2%▲ +0.1 percentage points vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €14,858 (financial year 2025)
lowers risk
Size: total assets €4.7m
Figures for financial year 2025 (filed on 18-05-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 24% of them on solvency, 13% on liquidity, 17% on profitability and 26% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as Hedan has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Hedan itself is lower: < 0.1% within 12 months. It rests on far more data about Hedan than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,507 companies, not a prediction for Hedan. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.05 (1.02 in 2024), below the usual 1.5. Short-term debt is 62.8% and cash 8.5% of total assets. 75.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 days early
2024
28 days early
2023
76 days early
2022
70 days early
2021
61 days early
2020
65 days early
2019
72 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 64 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BRISTA 49.96%equity €1.4m (2025) · 2025 annual accounts of BRISTA
- LIMAKO 49.96%score 94equity €1.4m (2025) · 2025 annual accounts of LIMAKO
Shares in 1 company, Hemo Bouwprojecten
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0451858959
2 directors appointed, 2 reappointments
Appointments: VAN CAMPENHOUT Hedwig (statutory director) and WEYNS Anita (alternate statutory director) · Reappointments: VAN CAMPENHOUT Hedwig and WEYNS Anita · General meeting of 11-10-2023 · Gazette deed
Registered office moved within Lier
New registered office: Barbara-Vettersplein 3 bus 107, 2500 Lier · Previous registered office: Berlaarsestraat 19, 2500 Lier · General meeting of 08-05-2023 · Gazette deed
First establishment
Barbara Vettersplein 3, Lier
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Hedan Lier | €4.7m | €159,638 | 24.2% | - |
| BARANKA Ranst | €4.8m | €194,345 | 14.1% | - |
| D & VD Wommelgem | €5.7m | €141,122 | 87.6% | - |
| KIMO Antwerp | €4.5m | €186,571 | 67.9% | - |
| AMBTMAN Antwerp | €4.2m | €143,597 | -0.3% | - |
| BURTINVEST Namur | €4.5m | €150,102 | 44.1% | - |
| DEJONGHE-SMIS EN PARTNERS Oostkamp | €4.9m | €148,961 | 11.6% | - |
These companies have the same main activity as Hedan: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €4.2m and €5.7m, founded between 1989 and 1998.
Official details
Source: KBO- Status
- Active since 23-12-1993Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.065.531.6582500 Lier, since 11-02-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 08-11-2025
Annual accounts 2025
- ≈ €260,000estimated
- €4.7m▼ 5.3%
- Filing
- Filed on 18-05-2026, 74 days before the end of the filing period
Insights on Hedan
Hedan files the abbreviated format. That format states no turnover. The gross margin fell from €183,648 in 2006 to €159,638 in 2025.
The balance sheet grew most from 2012 to 2014 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Hedan
- What is the company number of Hedan?
- The company number of Hedan is 0451.858.959. The VAT number is the same number with BE in front: BE 0451.858.959.
- Where is Hedan based?
- The registered office is at Barbara Vettersplein 3, 2500 Lier.Company details
- What does Hedan do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Hedan?
- Hedan is a private limited company (BV).
- When was Hedan founded?
- Hedan was founded on 23-12-1993.
- Is Hedan still active?
- Yes, Hedan is an active enterprise in the KBO register.
- What is the turnover of Hedan?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €159,638 and 93 comparable companies (NACE 70200). It probably lies between €210,000 and €330,000.Financials
- Is Hedan profitable?
- In financial year 2025, Hedan made a loss of €14,858.
- Where can I find the annual accounts of Hedan?
- Hedan filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Hedan due?
- Hedan must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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