Equity
€28,092 from €65,670 in 2018
Equity fell by 57% in 7 years.
HEFCO
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €84,633 (2023)
€53,214▼ 23.3%
lowest -€18,643 (2021)
€17,837▲ 14×
peak €65,670 (2018)
€28,092▲ 174%
€319,880▼ 2.4%
peak 1 FTE (2020)
0 FTE▼ 100%
Board2 names since 1996
2 directorsVAN WEERSCH Guillaume Marie and 1 other
Documentsfilings and deeds
24-08-202624 days late
2025abbreviated format
Gross margin from €69,378 to €53,214Result from €1,304 to €17,837Staff from 1 FTE to 0 FTEEquity from €10,255 to €28,092Cash from €104,817 to €138,152
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 45% of micro companies in education (NACE 85)
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 3,826 companies (NACE 85, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.1%▼ -0.1 percentage points vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.1%▼ -0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.1 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 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.2 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €28,092 (8.1% of total assets)
lowers risk
Size: total assets €347,972
Sector: Education (NACE 85)
Liquidity: current ratio 0.59, cash €138,152
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 85, micro). It does better than 21% of them on solvency, 30% on liquidity, 35% on profitability and 95% on growth.
The bankruptcy probability was computed on 06-11-2026 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, 931 companies had the same profile as HEFCO has now. Each dot stands for 3 companies, two years later.
93.2%
were still trading
4.5%
stopped another way
1.9%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HEFCO itself is lower: 0.1% within 12 months. It rests on far more data about HEFCO 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 931 companies, not a prediction for HEFCO. 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 €2,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.59 (0.5 in 2024), below 1. Short-term debt is 90.7% and cash 39.7% of total assets. 91.9% 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
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 845 sector peers (2025).
NBB · sector comparisonPosition among 845 sector peers
Solvency
better than 13%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €28,092
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 days late
2024
13 days early
2023
89 days early
2022
28 days early
2021
6 days early
2020
17 days late
2019
18 days late
← 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 11 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 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 18 July (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0458915710
2 directors appointed, 2 resignations
Resignations: VAN WEERSCH Guillaume Marie and VAN WEERSCH Karin Marie José · Appointments: VAN WEERSCH Guillaume Marie (director) and VAN WEERSCH Karin Marie José (director) · “Het organiseren van cursussen, opleidingen, seminaries, enzovoort; Het organiseren van scholingen in de meest…” (deed in Dutch) · General meeting of 18-10-2023 · Gazette deed
First establishment
Industrielaan 86, Maasmechelen
Incorporation
published on 12-10-1996 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HEFCO Maasmechelen | €347,972 | €53,214 | 8.1% | 0 |
| DYNAMIC DATA ASSISTANCE Herent | €257,032 | €53,959 | 12.5% | 0.6 |
| IN DEN PAARDENHANDEL Sint-Katelijne-Waver | €281,404 | €83,097 | -161.0% | 1 |
| HOGI Bornem | €347,175 | €74,361 | 15.8% | 1 |
| LE P'TIT BAIGNEUR Estinnes | €421,801 | €96,809 | 11.7% | 1 |
| Franklin Talent Pajottegem | €243,667 | €54,437 | 49.3% | 0.3 |
| KEYCOACHING Mortsel | €106,243 | €43,091 | 58.0% | 0 |
These companies have the same main activity as HEFCO: other education (NACE 85599). They are comparable in size and age: total assets between €106,000 and €422,000, founded between 1996 and 2010.
Official details
Source: KBO- Status
- Active since 02-10-1996Normal situation
- Activity
- Other educationNACE 85599
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2021
- Establishment unit
- 2.078.811.2553630 Maasmechelen, since 27-11-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Insights on HEFCO
HEFCO files the abbreviated format. That format states no turnover. The gross margin rose from €39,418 in 2006 to €53,214 in 2025.
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 HEFCO
- What is the company number of HEFCO?
- The company number of HEFCO is 0458.915.710. The VAT number is the same number with BE in front: BE 0458.915.710.
- Where is HEFCO based?
- The registered office is at Industrielaan 86, 3630 Maasmechelen.Company details
- What does HEFCO do?
- According to the KBO register, the main activity is other education (NACE 85599).
- What is the legal form of HEFCO?
- HEFCO is a private limited company (BV).
- When was HEFCO founded?
- HEFCO was founded on 02-10-1996.
- Is HEFCO still active?
- Yes, HEFCO is an active enterprise in the KBO register.
- How many employees does HEFCO have?
- HEFCO had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does HEFCO fall under?
- In its 2021 annual accounts, HEFCO states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of HEFCO?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €53,214 and 1,301 comparable companies of the same size. It probably lies between €91,000 and €280,000. It is a rough estimate.
- Is HEFCO profitable?
- In financial year 2025, HEFCO made a profit of €17,837.
- Where can I find the annual accounts of HEFCO?
- HEFCO filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HEFCO due?
- HEFCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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