HEGGE
ActiveSummary
HEGGE has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €505,556 and a net result of -€93,353. Equity is shrinking by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 22% of 1223 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25▼-10
Solvency50▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.14 in 2023; short-term debt: 71.8% and cash: 3.9% of total assets), and 75.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.8%
Return on assets
-4.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1223 sector peers (2024).
NBB · sector comparisonPosition among 1223 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
37 d early
2022
81 d early
2021
73 d early
2020
88 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 58 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 oldest company in Hamont-Achel, Manufacturing sector#8 employer in Hamont-Achel, Manufacturing sector
Turnover
€10.0m▼ 8.0%
2022 · €10.8m
EBIT margin
0.6%▲ 11.4pp
2022 · -10.8%
Net result
-€93,353
2023 · €7,969
Working capital
€357,393▼ 16.4%
2023 · €427,286
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€10.1m▲ 53.3%€8.0m▼ 21.2%€10.8m▲ 35.5%€10.0m▼ 8.0%
Operating result€499,475▲ 1.7%€363,882▼ 27.1%-€1.2m€56,574-€27,958
Net result€354,270above the sector's middle half▼ 28.8%€277,748within the sector's middle half▼ 21.6%-€1.2mbelow the sector's middle half€7,969below the sector's middle half-€93,353below the sector's middle half
EBIT margin4.9%▼ 2.5pp4.5%▼ 0.4pp-10.8%▼ 15.4pp0.6%▲ 11.4pp
Equity€1.5mwithin the sector's middle half▲ 31.1%€1.8mwithin the sector's middle half▲ 18.6%€590,940within the sector's middle half▼ 66.6%€598,909within the sector's middle half▲ 1.3%€505,556within the sector's middle half▼ 15.6%
Total assets€5.2mwithin the sector's middle half▲ 5.7%€4.2mwithin the sector's middle half▼ 19.8%€4.3mwithin the sector's middle half▲ 3.8%€3.7mwithin the sector's middle half▼ 14.6%€2.0mwithin the sector's middle half▼ 44.8%
Debt€3.7m▼ 0.8%€2.4m▼ 35.3%€3.7m▲ 56.2%€3.1m▼ 17.0%€1.5m▼ 50.5%
Working capital€1.4mwithin the sector's middle half▲ 24.6%€1.6mwithin the sector's middle half▲ 18.8%€445,030within the sector's middle half▼ 72.6%€427,286within the sector's middle half▼ 4.0%€357,393within the sector's middle half▼ 16.4%
Solvency28.7%within the sector's middle half▲ 5.6pp42.5%within the sector's middle half▲ 13.8pp13.7%below the sector's middle half▼ 28.8pp16.2%below the sector's middle half▲ 2.5pp24.8%below the sector's middle half▲ 8.6pp
Current ratio1.37within the sector's middle half▲ 0.081.71within the sector's middle half▲ 0.341.12below the sector's middle half▼ 0.581.14below the sector's middle half▲ 0.021.24within the sector's middle half▲ 0.10
Return on assets (ROA)6.8%within the sector's middle half▼ 3.3pp6.7%within the sector's middle half▼ 0.1pp-27.3%below the sector's middle half▼ 33.9pp0.2%below the sector's middle half▲ 27.5pp-4.6%below the sector's middle half▼ 4.8pp
Staff (FTE)23.9within the sector's middle half▲ 17.7%25within the sector's middle half▲ 4.6%27.9within the sector's middle half▲ 11.6%26.7within the sector's middle half▼ 4.3%23.5above the sector's middle half▼ 12.0%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €27,958 after €56,574 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€217,505 ▼ 24.6%
Current assets
€1.8m ▼ 46.5%
Equity and liabilities €2.0m
Equity
€505,556 ▼ 15.6%
Provisions
€3,033 ▲ 14.9%
Debt
€1.5m ▼ 50.5%
Debt's share of the balance-sheet total falls from 83.7% to 75.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€93,240▼
2023 · €160,514
Cash flow
€27,845▼
2023 · €111,909
Quick ratio
0.77▲
2023 · 0.75
Debt to equity
3.03▼
2023 · 5.17
ROE
-18.5%▼
2023 · 1.3%
Interest coverage
1.46▼
2023 · 2.43
Debt ≤ 1 year
€1.5m▼
2023 · €3.0m
Debt > 1 year
€57,509▼
2023 · €105,299
Income taxes
€1,354▲
2023 · €1,249
Staff costs
€1.6m▼
2023 · €2.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,507 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €8.5m | €11.5m | €9.5m | - | - |
| Turnover70 | €10.1m | €8.0m | €10.8m | €10.0m | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €466,474 | €632,631 | -€572,866 | - | - |
| Other operating income74 | - | €37,431 | €67,855 | €47,598 | - | - |
| Non-recurring operating income76A | - | €826 | - | €15,326 | €850,000 | ▲ 5,446% |
| Operating charges60/66A | - | €8.1m | €12.7m | €9.4m | - | - |
| Goods for resale, raw materials and consumables60 | - | €4.4m | €8.2m | €5.7m | - | - |
| Purchases600/8 | - | €4.6m | €8.1m | €5.6m | - | - |
| Change in stocks: decrease (increase)609 | - | -€227,572 | €122,865 | €61,228 | - | - |
| Services and other goods61 | - | €2.0m | €2.4m | €1.6m | - | - |
| Remuneration, social security and pensions62 | - | €1.6m | €2.0m | €2.0m | €1.6m | ▼ 17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,610 | €68,745 | €83,337 | €103,940 | €121,198 | ▲ 16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €22,996 | €22,682 | -€10,807 | -€40,940 | ▼ 279% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€5,074 | -€4,405 | -€4,721 | - | - |
| Other operating charges640/8 | - | €32,080 | €28,893 | €25,301 | €26,979 | ▲ 6.6% |
| Gross operating margin9900 | - | - | - | - | €1.7m | - |
| Operating profit (loss)9901 | €499,475 | €363,882 | -€1.2m | €56,574 | -€27,958 | ▼ 149% |
| Financial income75/76B | - | €45,738 | €46,535 | €46,062 | - | - |
| Recurring financial income75 | €45,813 | €45,738 | €45,071 | €46,062 | - | - |
| Income from current assets751 | - | €20,664 | €26,279 | €41,808 | - | - |
| Other financial income752/9 | - | €25,074 | €18,792 | €4,254 | - | - |
| Non-recurring financial income76B | - | - | €1,464 | - | - | - |
| Financial charges65/66B | - | €33,543 | €48,699 | €93,418 | €64,041 | ▼ 31.4% |
| Recurring financial charges65 | €55,128 | €33,543 | €48,699 | €93,418 | €64,041 | ▼ 31.4% |
| Debt charges650 | €22,895 | €3,366 | €20,268 | €66,036 | - | - |
| Other financial charges652/9 | - | €30,177 | €28,431 | €27,382 | - | - |
| Profit (loss) for the period before taxes9903 | €490,160 | €376,077 | -€1.2m | €9,218 | -€91,999 | ▼ 1,098% |
| Income taxes67/77 | €135,890 | €98,329 | €3,054 | €1,249 | €1,354 | ▲ 8.4% |
| Taxes670/3 | - | €98,329 | €3,054 | €1,249 | - | - |
| Profit (loss) for the period9904 | €354,270 | €277,748 | -€1.2m | €7,969 | -€93,353 | ▼ 1,271% |
| Transfer to tax-exempt reserves689 | - | €168,400 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €76,410 | €109,348 | -€1.2m | €7,969 | -€93,353 | ▼ 1,271% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.2m | €4.2m | €4.3m | €3.7m | €2.0m | ▼ 44.8% |
| Fixed assets21/28 | €147,363 | €246,392 | €257,230 | €288,363 | €217,505 | ▼ 24.6% |
| Tangible fixed assets22/27 | €147,363 | €246,392 | €257,230 | €288,363 | €217,505 | ▼ 24.6% |
| Land and buildings22 | - | €20,677 | €18,887 | €17,097 | €12,631 | ▼ 26.1% |
| Plant, machinery and equipment23 | - | €41,800 | €35,490 | €31,069 | €33,963 | ▲ 9.3% |
| Furniture and vehicles24 | - | €59,060 | €41,536 | €58,877 | €74,955 | ▲ 27.3% |
| Leasing and similar rights25 | - | €124,855 | €161,317 | €181,320 | €95,956 | ▼ 47.1% |
| Current assets29/58 | €5.1m | €3.9m | €4.1m | €3.4m | €1.8m | ▼ 46.5% |
| Stocks and contracts in progress3 | €426,247 | €1.2m | €1.7m | €1.2m | €695,937 | ▼ 40.3% |
| Stocks30/36 | - | €630,822 | €492,284 | €489,680 | €382,017 | ▼ 22.0% |
| Raw materials and consumables30/31 | - | €607,502 | €467,549 | €415,001 | - | - |
| Finished goods33 | - | - | €74 | €47,889 | - | - |
| Goods purchased for resale34 | - | €23,320 | €24,661 | €26,790 | - | - |
| Contracts in progress37 | - | €604,143 | €1.2m | €676,251 | €313,920 | ▼ 53.6% |
| Amounts receivable within one year40/41 | €3.4m | €2.6m | €1.9m | €1.8m | €987,512 | ▼ 46.0% |
| Trade receivables40 | - | €1.7m | €982,445 | €1.7m | €987,512 | ▼ 43.5% |
| Other amounts receivable41 | - | €846,884 | €915,605 | €78,583 | - | - |
| Cash at bank and in hand54/58 | €1.1m | €98,142 | €391,231 | €349,014 | €79,861 | ▼ 77.1% |
| Deferred charges and accrued income490/1 | - | €40,661 | €53,115 | €66,672 | €60,026 | ▼ 10.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.2m | €4.2m | €4.3m | €3.7m | €2.0m | ▼ 44.8% |
| Equity10/15 | €1.5m | €1.8m | €590,940 | €598,909 | €505,556 | ▼ 15.6% |
| Contributions10/11 | €115,000 | €115,000 | €115,000 | €115,000 | €115,000 | = |
| Capital10 | - | €115,000 | €115,000 | €115,000 | €115,000 | = |
| Issued capital100 | - | €115,000 | €115,000 | €115,000 | €115,000 | = |
| Reserves13 | €453,480 | €621,880 | €621,880 | €621,880 | €621,880 | = |
| Non-distributable reserves130/1 | - | €118,875 | €118,875 | €118,875 | €118,875 | = |
| Legal reserve130 | - | €11,500 | €11,500 | €11,500 | €11,500 | = |
| Reserves not available under the articles1311 | - | €107,375 | €107,375 | €107,375 | €107,375 | = |
| Tax-exempt reserves132 | - | €503,005 | €503,005 | €503,005 | €503,005 | = |
| Profit (loss) carried forward14 | €925,192 | €1.0m | -€145,940 | -€137,971 | -€231,324 | ▼ 67.7% |
| Provisions and deferred taxes16 | €16,840 | €11,766 | €7,361 | €2,640 | €3,033 | ▲ 14.9% |
| Provisions for liabilities and charges160/5 | - | €11,766 | €7,361 | €2,640 | €3,033 | ▲ 14.9% |
| Pensions and similar obligations160 | - | €11,766 | €7,361 | €2,640 | €3,033 | ▲ 14.9% |
| Amounts payable17/49 | €3.7m | €2.4m | €3.7m | €3.1m | €1.5m | ▼ 50.5% |
| Amounts payable after more than one year17 | - | €83,563 | €98,761 | €105,299 | €57,509 | ▼ 45.4% |
| Financial debts170/4 | - | €83,563 | €98,761 | €105,299 | €57,509 | ▼ 45.4% |
| Leasing and similar obligations172 | - | €83,563 | €98,761 | €105,299 | - | - |
| Amounts payable within one year42/48 | €3.7m | €2.3m | €3.6m | €3.0m | €1.5m | ▼ 50.8% |
| Current portion of amounts payable after more than one year42 | - | €40,353 | €61,087 | €76,895 | €47,791 | ▼ 37.8% |
| Financial debts43 | - | €172,528 | €54,122 | €35,856 | - | - |
| Credit institutions430/8 | - | €172,528 | €54,122 | €35,856 | - | - |
| Trade debts44 | €1.5m | €1.3m | €1.6m | €1.3m | €697,499 | ▼ 47.4% |
| Suppliers440/4 | - | €1.3m | €1.6m | €1.3m | €697,499 | ▼ 47.4% |
| Advances received on contracts in progress46 | - | €456,649 | €154,721 | €201,849 | €60,018 | ▼ 70.3% |
| Taxes, remuneration and social security45 | - | €332,421 | €331,541 | €335,139 | €193,477 | ▼ 42.3% |
| Taxes450/3 | - | €39,882 | €39,323 | €21,250 | €18,004 | ▼ 15.3% |
| Remuneration and social security454/9 | - | €292,539 | €292,218 | €313,889 | €175,473 | ▼ 44.1% |
| Other amounts payable47/48 | - | €41,799 | €1.4m | €1.0m | €467,158 | ▼ 53.6% |
| Accrued charges and deferred income492/3 | - | €3,998 | €5,198 | €8,801 | €8,800 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €354,270 | €277,748 | -€1.2m | €7,969 | -€93,353 | ▼ 1,271% |
| + Depreciation and write-downs630 | €21,610 | €68,745 | €83,337 | €103,940 | €121,198 | ▲ 16.6% |
| Operating cash flow (approximation) | €375,880 | €346,493 | -€1.1m | €111,909 | €27,845 | ▼ 75.1% |
| Investment in fixed assets (approximation) | - | -€167,774 | -€94,175 | -€135,073 | -€50,340 | ▲ 62.7% |
| Change in cash | - | -€973,506 | €293,089 | -€42,217 | -€269,153 | ▼ 538% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €7,969
Net result €7,969 after one loss-making year.
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series; recovery starts the following year.
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €497,709
Net result €497,709 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Hamont-Achel · 1 establishment unit since 1975
Ground area
1.1 ha
Building footprint
2,891 m²
Volume, LiDAR
13,394 m³
Parcel 72012D0514/00K002, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HEGGE NV
since 19752.039.026.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72012D0514/00K002 | Flanders | 1.1 ha | 1 · 2,891 m² | 13.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
-
11.11%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 9,842 EUR awarded · 9,455 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,747 EUR | 2,093 EUR |
| 2024 | 1 | 2,327 EUR | 1,594 EUR |
| 2023 | 1 | 1,461 EUR | 1,461 EUR |
| 2022 | 2 | 4,307 EUR | 4,307 EUR |
Recognitions · licences · registrations
Recognised contractor
2 categoriesHEGGE NV34830
Similar companies · same sector, comparable size
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RAL
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Eeklo · Eq €506,909
MICHEL DURAND
BE 0432.361.464
Nassogne · Eq €507,059
Etablissements Erbain
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Quaregnon · Eq €507,262
Of 3,982 companies in sector 25110 we hold annual accounts for 2,144. 1,553 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-12-1974
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25402Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0414656291
Also
9925:BE0414656291
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.