HEFREMA
ActiveHEFREMA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €715k and a net result of €155k. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 9582 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
81
/ 100
Excellent▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency83▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.72 in 2023), but 56.5% 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2024Solvency, return and age of the figures
Solvency
43.5%
Return on assets
9.5%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
19 d late
2022
18 d late
2021
26 d late
2020
27 d late
2019
18 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€715k▲ 27.8%
2023 · €559k
2018: €226k
2019: €291k
2020: €306k
2021: €303k
2022: €355k
2023: €559k
2018 → 2024
Total assets
€1.64M▲ 29.4%
2023 · €1.27M
2018: €1.41M
2019: €1.30M
2020: €1.40M
2021: €1.15M
2022: €1.16M
2023: €1.27M
2018 → 2024
Net result
€155k▼ 24.0%
2023 · €204k
2018: €50k
2019: €65k
2020: €16k
2021: €-3k
2022: €52k
2023: €204k
2018 → 2024
Working capital
€613k▲ 34.3%
2023 · €456k
2018: €213k
2019: €282k
2020: €447k
2021: €187k
2022: €172k
2023: €456k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€306k-€303k▼ 1.0%€355k▲ 17.0%€559k▲ 57.6%€715k▲ 27.8%
Operating result€43k-€33k▼ 23.1%€102k▲ 207%€318k▲ 211%€255k▼ 19.8%
Net result€16k-€-3k€52k€204k▲ 295%€155k▼ 24.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.64M
Fixed assets
€241k▲ 36.1%
Current assets
€1.40M▲ 28.3%
Equity and liabilities €1.64M
Equity
€715k▲ 27.8%
Debt
€928k▲ 30.6%
The debt ratio rises from 56.0% to 56.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€348k▼
2023 · €402k
Cash flow
€248k▼
2023 · €289k
Solvency
43.5%▼
2023 · 44.0%
Current ratio
1.78▲
2023 · 1.72
Quick ratio
0.66▼
2023 · 0.74
Debt / equity
1.30▲
2023 · 1.27
ROE
21.7%▼
2023 · 36.5%
ROA
9.5%▼
2023 · 16.1%
Interest coverage
7.97▼
2023 · 11.40
Debt
€928k▲
2023 · €711k
Debt ≤ 1 year
€789k▲
2023 · €637k
Debt > 1 year
€124k▲
2023 · €32k
Income taxes
€57k▼
2023 · €79k
Staff costs
€369k▲
2023 · €293k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.27M€1.64M▲
Fixed assets21/28€177k€241k▲
Tangible fixed assets22/27€177k€241k▲
Land and buildings22€106k€90k▼
Plant, machinery and equipment23€8k€17k▲
Furniture and vehicles24€63k€134k▲
Current assets29/58€1.09M€1.40M▲
Amounts receivable after more than one year29€2k-
Other amounts receivable291€2k-
Stocks and contracts in progress3€623k€881k▲
Stocks30/36€623k€881k▲
Amounts receivable within one year40/41€312k€497k▲
Trade receivables40€223k€332k▲
Other amounts receivable41€90k€165k▲
Cash at bank and in hand54/58€141k€8k▼
Deferred charges and accrued income490/1€14k€16k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.64M▲
Equity10/15€559k€715k▲
Contributions10/11€62k€62k=
Reserves13€497k€653k▲
Distributable reserves133€497k€653k▲
Amounts payable17/49€711k€928k▲
Amounts payable after more than one year17€32k€124k▲
Financial debts170/4-€67k
Other amounts payable178/9€32k€57k▲
Amounts payable within one year42/48€637k€789k▲
Current portion of amounts payable after more than one year42-€24k
Financial debts43€229k€186k▼
Credit institutions430/8€200k€124k▼
Other loans439€29k€62k▲
Trade debts44€257k€474k▲
Suppliers440/4€257k€474k▲
Advances received on contracts in progress46€83-
Taxes, remuneration and social security45€132k€90k▼
Taxes450/3€98k€57k▼
Remuneration and social security454/9€35k€33k▼
Other amounts payable47/48€19k€16k▼
Accrued charges and deferred income492/3€42k€15k▼
Income statement
Code20232024
Non-recurring operating income76A€34k-
Remuneration, social security and pensions62€293k€369k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€93k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-18k€55k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€681k€776k▲
Operating profit (loss)9901€318k€255k▼
Financial income75/76B€890€427▼
Recurring financial income75€890€427▼
Financial charges65/66B€35k€44k▲
Recurring financial charges65€35k€44k▲
Profit (loss) for the period before taxes9903€283k€212k▼
Income taxes67/77€79k€57k▼
Profit (loss) for the period9904€204k€155k▼
Profit (loss) for the period to be appropriated9905€204k€155k▼
Appropriation of the result
Profit (loss) to be appropriated9906€204k€155k▼
Transfer to equity691/2€204k€155k▼
To other reserves6921€204k€155k▼
Social balance
Average headcount (FTE)90875.16.1▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
31-12
Financial
Highest result since 2018net €204k ▲295%
Operating result €318k, net result €204k, both a record.
31-12
Financial
Equity above €500kEq €559k ▲57.6%
2 profitable years in a row build equity to €559k.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 18 days late
2022
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €-3k ▼119%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Antwerpen · 2 establishment units since 2003
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.
Lange Gasthuisstraat 272000 AntwerpenGround area
1,480 m²
Building footprint
1,251 m²
Volume, LiDAR
11,547 m³
2 parcels, Flanders · tallest building 32.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Mercken
since 20032.131.466.320
Hefrema
since 20192.366.411.505
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1074/00X000indicative | Flanders | 872 m² | 1 · 644 m² | 32.0 m · 1 fl. |
| 11804D1628/00G000 | Flanders | 607 m² | 1 · 607 m² | 22.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels 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).
Similar companies · same sector, comparable size
PAULUS
BE 0451.037.825
Huy · Eq €715k
WUIDAR
BE 0417.650.821
Herstal · Eq €715k
HACKETT RETAIL BELGIUM
BE 0886.785.480
Brussel · Eq €714k
BOUNCE WEAR
BE 0861.293.583
Holsbeek · Eq €714k
UNIONVILLE
BE 0880.849.575
Antwerpen · Eq €714k
Of 6,459 companies in sector 47716 we hold annual accounts for 2,424. 1,291 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-2003
Fiscal year end31-12
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
52421
47714Retail trade
47715Retail trade
52425
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.