HEDO
ActiveHEDO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.86M and a net result of €196k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 74% of 4489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
93
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-7
Solvency100▲+7
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.68 in 2024), and 30% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70%
Return on assets
7.4%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-10-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
6 d early
2023
33 d early
2022
6 d early
2021
40 d early
2020
2 d early
2019
49 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close13-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€196k▼ 7.9%
2024 · €213k
2019: €237k
2020: €287k
2021: €264k
2022: €186k
2023: €217k
2024: €213k
2019 → 2025
Working capital
€571k▲ 41.6%
2024 · €403k
2019: €-242k
2020: €-249k
2021: €-58k
2022: €186k
2023: €444k
2024: €403k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.46M-€1.54M▲ 5.8%€1.66M▲ 7.5%€1.77M▲ 6.8%€1.86M▲ 5.4%
Operating result€312k-€221k▼ 29.3%€274k▲ 24.1%€265k▼ 3.4%€237k▼ 10.5%
Net result€264k-€186k▼ 29.6%€217k▲ 16.8%€213k▼ 2.0%€196k▼ 7.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.66M
Fixed assets
€1.53M▼ 3.8%
Current assets
€1.13M▲ 13.7%
Equity and liabilities €2.66M
Equity
€1.86M▲ 5.4%
Provisions
€171k=
Debt
€628k▼ 3.0%
The debt ratio falls from 25.0% to 23.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€416k▼
2024 · €440k
Cash flow
€375k▼
2024 · €388k
Solvency
70.0%▲
2024 · 68.4%
Current ratio
2.02▲
2024 · 1.68
Quick ratio
2.02▲
2024 · 1.68
Debt / equity
0.34▼
2024 · 0.37
ROE
10.5%▼
2024 · 12.0%
ROA
7.4%▼
2024 · 8.2%
Interest coverage
331.19▲
2024 · 58.68
Debt
€628k▼
2024 · €647k
Debt ≤ 1 year
€558k▼
2024 · €589k
Debt > 1 year
€32k▲
2024 · €27k
Income taxes
€40k▼
2024 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.59M€2.66M▲
Fixed assets21/28€1.59M€1.53M▼
Tangible fixed assets22/27€1.59M€1.53M▼
Land and buildings22€1.50M€1.40M▼
Plant, machinery and equipment23€88k€69k▼
Assets under construction and advance payments27-€64k
Financial fixed assets28€1k€1▼
Current assets29/58€993k€1.13M▲
Amounts receivable within one year40/41€83k€51k▼
Trade receivables40€64k€51k▼
Other amounts receivable41€19k-
Cash at bank and in hand54/58€907k€1.08M▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.59M€2.66M▲
Equity10/15€1.77M€1.86M▲
Contributions10/11€521k€521k=
Capital10€521k€521k=
Issued capital100€521k€521k=
Reserves13€679k€775k▲
Non-distributable reserves130/1€52k€52k=
Legal reserve130€52k€52k=
Distributable reserves133€627k€723k▲
Profit (loss) carried forward14€568k€568k=
Provisions and deferred taxes16€171k€171k=
Provisions for liabilities and charges160/5€171k€171k=
Major repairs and maintenance162€171k€171k=
Amounts payable17/49€647k€628k▼
Amounts payable after more than one year17€27k€32k▲
Other amounts payable178/9€27k€32k▲
Amounts payable within one year42/48€589k€558k▼
Trade debts44€17k€58k▲
Suppliers440/4€17k€58k▲
Taxes, remuneration and social security45€27k€47k▲
Taxes450/3€27k€47k▲
Other amounts payable47/48€546k€453k▼
Accrued charges and deferred income492/3€31k€38k▲
Income statement
Code20242025
Non-recurring operating income76A€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€175k€179k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-18k€-8k▲
Other operating charges640/8€192k€117k▼
Non-recurring operating charges66A€30k-
Gross operating margin9900€643k€525k▼
Operating profit (loss)9901€265k€237k▼
Financial income75/76B€114€201▲
Recurring financial income75€114€201▲
Financial charges65/66B€7k€1k▼
Recurring financial charges65€7k€1k▼
Profit (loss) for the period before taxes9903€257k€236k▼
Income taxes67/77€44k€40k▼
Profit (loss) for the period9904€213k€196k▼
Profit (loss) for the period to be appropriated9905€213k€196k▼
Appropriation of the result
Profit (loss) to be appropriated9906€781k€764k▼
Profit (loss) brought forward from the previous period14P€568k€568k▲
Transfer to equity691/2€112k€96k▼
To other reserves6921€112k€96k▼
Profit to be distributed694/7€101k€100k▼
Directors or managers695€101k€100k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Weakest financial yearnet €186k ▼29.6%
Net result drops to €186k, the lowest in the series; recovery starts the following year.
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Highest result since 2019net €287k ▲21%
Operating result €338k, net result €287k, both a record.
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Eupen · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hütte 794700 EupenGround area
3,521 m²
Building footprint
359 m²
Volume, LiDAR
2,007 m³
Parcel 63081A0155/00E000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Source 19, 4711 Lontzen
since 19882.037.752.739
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63081A0155/00E000 | Wallonia | 3,521 m² | 1 · 359 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BEL INVEST
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IMMO ROLI
BE 0448.804.053
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MAKSES
BE 0836.300.049
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THYDEL
BE 0480.005.092
Kruisem · Eq €1.88M
Of 11,700 companies in sector 68310 we hold annual accounts for 6,875. 2,867 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-03-1988
Fiscal year end31-03
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
71100
82990Other business support services
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.