HEDSIC
ActiveHEDSIC has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €406k and a net result of €72k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 8636 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+13
Solvency37▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.75 in 2024; short-term debt: 63.1% and cash: 0.4% of total assets), and 88% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
12%
Return on assets
2.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 8636 sector peers (2025).
NBB · sector comparisonPosition among 8636 sector peers
Solvency
better than 16%
← weakest
strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
27 d late
2023
31 d late
2022
31 d late
2022
46 d late
2021
on the day
2020
2 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€406k▲ 21.7%
2024 · €333k
2019: €167k
2020: €146k
2021: €225k
2022: €279k
2022: €387k
2023: €321k
2024: €333k
2019 → 2025
Total assets
€3.39M▲ 13.7%
2024 · €2.98M
2019: €2.04M
2020: €1.95M
2021: €2.08M
2022: €2.73M
2022: €2.41M
2023: €2.67M
2024: €2.98M
2019 → 2025
Net result
€72k▲ 483%
2024 · €12k
2019: €143k
2020: €-20k
2021: €78k
2022: €54k
2022: €96k
2023: €-66k
2024: €12k
2019 → 2025
Working capital
€-452k▼ 5.1%
2024 · €-430k
2019: €90k
2020: €-9k
2021: €20k
2022: €-268k
2022: €-241k
2023: €-378k
2024: €-430k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222022202320242025Trend
Equity€279k-€387k▲ 38.9%€321k▼ 17.1%€333k▲ 3.9%€406k▲ 21.7%
Operating result€110k-€151k▲ 37.4%€-47k€56k€102k▲ 84.0%
Net result€54k-€96k▲ 77.4%€-66k€12k€72k▲ 483%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.39M
Fixed assets
€1.70M=
Current assets
€1.69M▲ 31.9%
Equity and liabilities €3.39M
Equity
€406k▲ 21.7%
Debt
€2.98M▲ 12.6%
The debt ratio falls from 88.8% to 88.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€125k▲
2024 · €85k
Cash flow
€96k▲
2024 · €42k
Solvency
12.0%▲
2024 · 11.2%
Current ratio
0.79▲
2024 · 0.75
Quick ratio
0.79▲
2024 · 0.75
Debt / equity
7.35▼
2024 · 7.94
ROE
17.8%▲
2024 · 3.7%
ROA
2.1%▲
2024 · 0.4%
Interest coverage
3.76▲
2024 · 2.53
Debt
€2.98M▲
2024 · €2.65M
Debt ≤ 1 year
€2.14M▲
2024 · €1.71M
Debt > 1 year
€836k▼
2024 · €933k
Income taxes
€28k▼
2024 · €30k
Staff costs
€30k▼
2024 · €114k
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€2.98M€3.39M▲
Fixed assets21/28€1.70M€1.70M=
Tangible fixed assets22/27€707k€706k▼
Land and buildings22€700k€681k▼
Plant, machinery and equipment23€153€12▼
Furniture and vehicles24€7k€25k▲
Financial fixed assets28€995k€995k=
Current assets29/58€1.28M€1.69M▲
Amounts receivable after more than one year29€300k€300k=
Other amounts receivable291€300k€300k=
Amounts receivable within one year40/41€941k€1.32M▲
Trade receivables40€24k€36k▲
Other amounts receivable41€918k€1.28M▲
Cash at bank and in hand54/58€3k€13k▲
Deferred charges and accrued income490/1€35k€54k▲
Equity and liabilities
Total equity and liabilities10/49€2.98M€3.39M▲
Equity10/15€333k€406k▲
Contributions10/11€19k€19k=
Reserves13€315k€387k▲
Distributable reserves133€315k€387k▲
Amounts payable17/49€2.65M€2.98M▲
Amounts payable after more than one year17€933k€836k▼
Financial debts170/4€933k€836k▼
Amounts payable within one year42/48€1.71M€2.14M▲
Current portion of amounts payable after more than one year42€95k€104k▲
Trade debts44€33k€11k▼
Suppliers440/4€33k€11k▼
Taxes, remuneration and social security45€71k€94k▲
Taxes450/3€57k€94k▲
Remuneration and social security454/9€14k-
Other amounts payable47/48€1.51M€1.93M▲
Accrued charges and deferred income492/3€5k€7k▲
Income statement
Code20242025
Non-recurring operating income76A-€17k
Remuneration, social security and pensions62€114k€30k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€23k▼
Other operating charges640/8€13k€3k▼
Non-recurring operating charges66A€3k€11k▲
Gross operating margin9900€216k€169k▼
Operating profit (loss)9901€56k€102k▲
Financial income75/76B€21k€32k▲
Recurring financial income75€21k€32k▲
Financial charges65/66B€34k€33k▼
Recurring financial charges65€34k€33k▼
Profit (loss) for the period before taxes9903€43k€101k▲
Income taxes67/77€30k€28k▼
Profit (loss) for the period9904€12k€72k▲
Profit (loss) for the period to be appropriated9905€12k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€72k▲
Transfer to equity691/2€12k€72k▲
To other reserves6921€12k€72k▲
Social balance
Average headcount (FTE)90871.00.3▼
The notes to these accounts (11 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
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-66k ▼169%
Net result drops to €-66k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
18-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 46 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €78k
Net result €78k after one loss-making year.
30-06
Financial
Equity above €200kEq €225k ▲53.5%
Equity rises from €146k to €225k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zemst · 1 establishment unit since 2016
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.
Populierendreef 61982 ZemstGround area
923 m²
Building footprint
215 m²
Volume, LiDAR
1,216 m³
Parcel 23018E0126/00V004, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HEDSIC
since 20162.251.807.983
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23018E0126/00V004 | Flanders | 923 m² | 1 · 215 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 36,275 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.