HEFICON
ActiveHEFICON has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114k and a net result of €29k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
93
/ 100
Excellent▼ -1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+14
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.15 against 1.75 in 2024), and 18.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
81.3%
Return on assets
20.4%
Age of the figures
8 mo
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
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
31 d early
2023
15 d early
2022
28 d early
2021
5 d early
2020
19 d early
2019
63 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€114k▲ 33.4%
2024 · €85k
2018: €41k
2019: €57k
2020: €96k
2021: €75k
2022: €82k
2023: €32k
2024: €85k
2018 → 2025
Total assets
€140k▼ 22.6%
2024 · €181k
2018: €136k
2019: €95k
2020: €118k
2021: €123k
2022: €97k
2023: €128k
2024: €181k
2018 → 2025
Net result
€29k▼ 61.1%
2024 · €73k
2018: €31k
2019: €18k
2020: €39k
2021: €28k
2022: €7k
2023: €26k
2024: €73k
2018 → 2025
Working capital
€56k▼ 21.8%
2024 · €72k
2018: €36k
2019: €55k
2020: €100k
2021: €65k
2022: €76k
2023: €24k
2024: €72k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€82k▲ 10.0%€32k▼ 60.9%€85k▲ 166%€114k▲ 33.4%
Operating result€38k-€12k▼ 68.9%€37k▲ 208%€111k▲ 201%€43k▼ 61.5%
Net result€28k-€7k▼ 72.8%€26k▲ 244%€73k▲ 185%€29k▼ 61.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140k
Fixed assets
€58k▲ 327%
Current assets
€82k▼ 50.8%
Equity and liabilities €140k
Equity
€114k▲ 33.4%
Debt
€26k▼ 72.6%
The debt ratio falls from 52.9% to 18.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€49k▼
2024 · €116k
Cash flow
€35k▼
2024 · €79k
Solvency
81.3%▲
2024 · 47.1%
Current ratio
3.15▲
2024 · 1.75
Quick ratio
3.09▲
2024 · 1.74
Debt / equity
0.23▼
2024 · 1.12
ROE
25.1%▼
2024 · 85.8%
ROA
20.4%▼
2024 · 40.5%
Interest coverage
147.58▼
2024 · 361.39
Debt
€26k▼
2024 · €96k
Debt ≤ 1 year
€26k▼
2024 · €96k
Income taxes
€14k▼
2024 · €37k
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€181k€140k▼
Fixed assets21/28€14k€58k▲
Tangible fixed assets22/27€14k€58k▲
Land and buildings22-€37k
Plant, machinery and equipment23€11k€10k▼
Furniture and vehicles24€2k€10k▲
Current assets29/58€168k€82k▼
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€30k€21k▼
Trade receivables40€30k€15k▼
Other amounts receivable41-€7k
Cash at bank and in hand54/58€134k€57k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€181k€140k▼
Equity10/15€85k€114k▲
Reserves13€85k€114k▲
Distributable reserves133€85k€114k▲
Profit (loss) carried forward14€145€214▲
Amounts payable17/49€96k€26k▼
Amounts payable within one year42/48€96k€26k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€21k€25k▲
Taxes450/3€21k€25k▲
Other amounts payable47/48€71k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€119k€51k▼
Operating profit (loss)9901€111k€43k▼
Financial income75/76B€48€136▲
Recurring financial income75€48€136▲
Financial charges65/66B€321€334▲
Recurring financial charges65€321€334▲
Profit (loss) for the period before taxes9903€111k€42k▼
Income taxes67/77€37k€14k▼
Profit (loss) for the period9904€73k€29k▼
Profit (loss) for the period to be appropriated9905€73k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€29k▼
Profit (loss) brought forward from the previous period14P€96€145▲
Transfer from equity791/2€20k-
Transfer to equity691/2€73k€29k▼
To the legal reserve6920-€29k
To other reserves6921€73k-
Profit to be distributed694/7€20k-
Return on contributions (dividend)694€20k-
The notes to these accounts (4 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €114k ▲33.4%
8 profitable years in a row build equity to €114k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €73k ▲185%
Operating result €111k, net result €73k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €7k ▼72.8%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 9.07
Current ratio from 2.48 to 9.07; short-term debt falls from €44k to €9k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 7.24
Current ratio from 2.78 to 7.24; short-term debt falls from €31k to €16k.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Glabbeek · 1 establishment unit since 2014
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.
Steenbergestraat 303384 GlabbeekGround area
1,230 m²
Building footprint
211 m²
Volume, LiDAR
1,010 m³
Parcel 24004B0059/00F000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heficon
since 20142.232.124.507
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24004B0059/00F000 | Flanders | 1,229 m² | 1 · 211 m² | 6.5 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 362 EUR awarded · 362 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 266 EUR |
| 2023 | 1 | 362 EUR | 96 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,729 companies in sector 43211 we hold annual accounts for 10,274. 8,719 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2014
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.heficon.com
E-mail:Johan.Ceulemans@heficon.com