Equity
€646,348 ▲ 12.8%
HEFO paid out €500,000 in dividends. That is 87% of the 2025 profit.
HEFO
Lifetime
17 annual accounts with figures on one time axis, 47 filings since 1977peak €1.2m (2023)
€877,729▲ 3.1%
peak €748,607 (2023)
€573,454▲ 7.4%
peak €646,348 (2025)
€646,348▲ 12.8%
€727,378▲ 1.6%
Board1 name since 2021
1 directorV Z BV
Owners
100%V Z
Documentsfilings and deeds
23-03-2026130 days before the deadline
2025abbreviated format
Dividend €500,000Equity from €572,894 to €646,348Cash from €294,304 to €827,198
Key points
from the 2025 annual accountsFilings
47 annual accounts since 1977
The last five annual accounts were filed 110 to 140 days before the end of the period.
Position in the sector
€573,454
Higher net result than 93% of companies in fabricated metal products. Sector median €43,813 · 1,245 companies.
Checked score
96
Excellent
Financially stronger than 70% of micro companies in fabricated metal products (NACE 25)
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: 0.5% across 3,710 companies (NACE 25, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025highest value
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 09-2025
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%▼ -0.1 percentage points vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
lowers risk
Size: total assets €1.4m
Liquidity: current ratio 1.31, cash €827,198
Founded in 1977
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 25, micro). It does better than 51% of them on solvency, 73% on liquidity, 94% on profitability and 63% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 20,137 companies had the same profile as HEFO has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of HEFO itself: < 0.1% within 12 months.
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 20,137 companies, not a prediction for HEFO. 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 €60,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.31 (1.33 in 2024), below the usual 1.5. Short-term debt is 52.9% and cash 60.2% of total assets. 52.9% 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
Five signals.
lowers riskraises riskneutral
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 23-03-2026, 130 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
130 days early
2024
140 days early
2023
139 days early
2022
135 days early
2021
110 days early
2020
39 days early
2019
37 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 104 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% 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 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0417018341
Permanent representative: VOLDERS Steve
Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
First establishment
Lange Schouwenstraat 14, Zonhoven
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HEFO Zonhoven | €1.4m | €877,729 | 47.1% | - |
| TOUARTUBE Mouscron | €1.4m | €858,160 | 65.0% | 7.9 |
| RYNGAERT Niel | €1.6m | €840,970 | 68.0% | 5.5 |
| ATELIERS LUCIEN DELPORTE Tournai | €1.2m | €878,350 | 47.6% | 8 |
| ALDERA Brecht | €1.2m | €896,902 | 73.2% | 13.6 |
| Ateliers Roisin Fleurus | €1.3m | €784,311 | 44.3% | 11.6 |
| SPARKTECH Kapellen | €1.7m | €965,773 | 9.0% | 6.5 |
These companies have the same main activity as HEFO: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €1.2m and €1.7m, founded between 1974 and 1982.
Official details
Source: KBO- Status
- Active since 01-04-1977Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 4 others
- Establishment unit
- 2.013.384.1613520 Zonhoven, since 01-04-1977
- Financial year end
- 31 December
- Peppol
- Reachable since 30-09-2025
Annual accounts 2025
- ≈ €2.1mestimated
- €1.4m▲ 6.6%
- Filing
- Filed on 23-03-2026, 130 days before the end of the filing period
Insights on HEFO
HEFO files the abbreviated format. That format states no turnover. The gross margin rose from €226,216 in 2008 to €877,729 in 2025.
V Z holds all the shares.
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 HEFO
- What is the company number of HEFO?
- The company number of HEFO is 0417.018.341. The VAT number is the same number with BE in front: BE 0417.018.341.
- Where is HEFO based?
- The registered office is at Lange Schouwenstraat 19, 3520 Zonhoven.Company details
- What does HEFO do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of HEFO?
- HEFO is a private limited company (BV).
- When was HEFO founded?
- HEFO was founded on 01-04-1977.
- Is HEFO still active?
- Yes, HEFO is an active enterprise in the KBO register.
- What is the turnover of HEFO?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €877,729 and 2,275 comparable companies of the same size. It probably lies between €1.2m and €3.5m. It is a rough estimate.Financials
- Is HEFO profitable?
- In financial year 2025, HEFO made a profit of €573,454.
- Where can I find the annual accounts of HEFO?
- HEFO filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HEFO due?
- HEFO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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