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HEDO

Active
Public limited companyfounded 1988active for 38 yearsHütte 79, 4700 Eupen, BelgiumKBO/BCE: BE 0433.720.256

From the official registers: KBO 38 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

HEDO has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €2.0m and a net result of €234,498. Equity has been growing by about 6.4% per year since 2019. Its solvency ranks better than 87% of 162 sector peers (NACE 68, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

KBO
Status
Active since 09-03-1988 Normal situation
Registered office
45 active companies are registered at this address 4 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Real estate agency activities NACE 68310and 2 others
Establishment unit
2.037.752.739 4711 Lontzen, since 05-05-1988
Financial year end
31 March
Peppol
Reachable since 01-09-2025

Board and ownership

Board

Financial position

98 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 31-03-2026
Gross margin
€581,676
▲ 10.8%
Turnover
≈ €1.4m
estimated
Profit
€234,498
▲ 19.5%
Equity
€2.0m
▲ 7.2%
Total assets
€2.3m
▼ 12.1%
Filed on 22-10-2026, 9 days before the deadlineat the National Bank
Score breakdownlowers riskLiquidity: current ratio 3.54, cash €784,575Size: total assets €2.3mEquity €2.0m (85.4% of total assets)Founded in 1988Show the evidence

Checked score

Score 2026
98 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 87% of small companies in real estate (NACE 68)
Financial strength · tick: 2025
Strong
Solvency 100+5
equity 85.4% of total assets
Liquidity 92-1
short-term debt 10.0% · cash 33.5%
Profitability 81+3
return on assets 10.0%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (6,990 companies, NACE 68, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 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: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025highest value 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 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €190,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.54 (2.02 in 2025), above the usual 1.5. Short-term debt is 10% and cash 33.5% of total assets. 14.6% of the assets are financed with debt and provisions.
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 68, small). It does better than 92% of them on solvency, 98% on liquidity, 91% on profitability and 68% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

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).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 3.54, cash €784,575
NBB · annual accounts
lowers risk · Size: total assets €2.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €2.0m (85.4% of total assets)
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 22-10-2026, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
9 days early
2025
8 days early
2024
6 days early
2023
33 days early
2022
6 days early
2021
40 days early
2020
2 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 15 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 23 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 87% of companies in real estatesector median 39.9% · 162 companies 85.4% View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2026: €234,498 8 years View

Comparable companies

These companies have the same main activity as HEDO: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €1.8m and €2.5m, founded between 1984 and 1990.

CompanyTotal assetsGross margin
HEDO Eupen€2.3m€0.6m
HOUPRESSE & COLLARD Hannut€1.8m€0.6m
'T HOOFD Willebroek€2.3m€0.6m
POLYFERON NV Buggenhout€2.5m€0.6m
Mouscron - Logement A.I.S. (Agences immobilières sociales Mouscron€2.4m€0.7m
ETABLISSEMENTEN COENEN Tienen€2.2m€0.5m
IMMO HAPAWO Bonheiden€2.1m€0.5m
Full comparison

Documents

Annual accounts at the NBB

All 38 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about HEDO

What is the company number of HEDO?
The company number of HEDO is 0433.720.256. The VAT number is the same number with BE in front: BE 0433.720.256.
Where is HEDO based?
The registered office is at Hütte 79, 4700 Eupen.Company details
What does HEDO do?
According to the KBO register, the main activity is real estate agency activities (NACE 68310).
What is the legal form of HEDO?
The legal form of HEDO is Public limited company (NV).
When was HEDO founded?
HEDO was founded on 09-03-1988.
Is HEDO still active?
Yes, HEDO is an active enterprise in the KBO register.
What is the turnover of HEDO?
The turnover in financial year 2026 is ≈ €1.4m. This figure is estimated from the gross margin of €581,676 and 30 comparable companies (NACE 683). It probably lies between €990,000 and €1.8m.Financials
Is HEDO profitable?
In financial year 2026, HEDO made a profit of €234,498.
Where can I find the annual accounts of HEDO?
HEDO filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2026.Annual accounts at the National Bank
When are the next annual accounts of HEDO due?
HEDO must file the annual accounts for financial year 2027 by 31-10-2027.Timeline

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