HEGICON
Bankruptcy closedInactive since 03-06-2026; last annual accounts for fiscal year 2023.
Summary
HEGICON was declared bankrupt on 13-01-2025 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 01-06-2026, published in the Belgian State Gazette on 04-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-10-2024, 86 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
not filed
2023
86 d late
2022
59 d late
2021
30 d late
2020
67 d late
2019
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 59 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the Real estate agency activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
-€208,890
2022 · €11,598
Total assets
€160,266▼ 60.3%
2022 · €403,268
Net result
-€220,488▲ 47.8%
2022 · -€422,602
Working capital
-€32,570
2022 · €177,822
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€47,184▼ 33.5%€103,721▲ 120%€318,696▲ 207%-€395,905-€201,701▲ 49.1%
Net result€2,047▼ 89.4%€46,426within the sector's middle half▲ 2,168%€189,182above the sector's middle half▲ 307%-€422,602below the sector's middle half-€220,488below the sector's middle half▲ 47.8%
Equity€198,591▲ 1.0%€245,017within the sector's middle half▲ 23.4%€434,200above the sector's middle half▲ 77.2%€11,598below the sector's middle half▼ 97.3%-€208,890below the sector's middle half
Total assets€1.1m▲ 5.8%€1.5mwithin the sector's middle half▲ 41.0%€1.3mabove the sector's middle half▼ 14.0%€403,268below the sector's middle half▼ 69.4%€160,266below the sector's middle half▼ 60.3%
Debt€886,938▲ 7.0%€1.3m▲ 44.9%€882,635▼ 31.3%€391,670▼ 55.6%€369,156▼ 5.7%
Working capital€231,030▼ 26.2%€249,363within the sector's middle half▲ 7.9%€1.1mabove the sector's middle half▲ 325%€177,822within the sector's middle half▼ 83.2%-€32,570within the sector's middle half
Solvency18.3%▼ 0.9pp16.0%within the sector's middle half▼ 2.3pp33.0%within the sector's middle half▲ 17.0pp2.9%below the sector's middle half▼ 30.1pp-130.3%below the sector's middle half▼ 133.2pp
Current ratio1.40▼ 0.341.24within the sector's middle half▼ 0.155.51above the sector's middle half▲ 4.272.96above the sector's middle half▼ 2.550.50within the sector's middle half▼ 2.46
Return on assets (ROA)0.2%▼ 1.7pp3.0%within the sector's middle half▲ 2.8pp14.4%above the sector's middle half▲ 11.3pp-104.8%below the sector's middle half▼ 119.2pp-137.6%below the sector's middle half▼ 32.8pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result +307% on 2020. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €201,701 in 2023 against €395,905 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €160,266
Fixed assets
€127,217 ▼ 5.6%
Current assets
€33,049 ▼ 87.7%
Key figures and ratios
EBITDA
-€193,935▲
2022 · -€390,257
Cash flow
-€212,722▲
2022 · -€416,954
Debt to equity
-1.77▼
2022 · 33.77
Interest coverage
-10.08▲
2022 · -14.62
Debt ≤ 1 year
€65,619▼
2022 · €90,611
Debt > 1 year
€302,628▲
2022 · €301,058
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €66,408 | €17 | €16,603 | ▲ 97,622% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,931 | €12,988 | €5,726 | €5,647 | €7,766 | ▲ 37.5% |
| Other operating charges640/8 | - | - | €5,949 | €5,744 | €10,544 | ▲ 83.6% |
| Non-recurring operating charges66A | - | - | €0 | €0 | €14,889 | ▲ 148,891,400% |
| Gross operating margin9900 | €73,845 | €121,991 | €330,371 | -€384,513 | -€168,501 | ▲ 56.2% |
| Operating profit (loss)9901 | €47,184 | €103,721 | €318,696 | -€395,905 | -€201,701 | ▲ 49.1% |
| Financial income75/76B | - | - | €0 | €0 | €457 | ▲ 761,317% |
| Recurring financial income75 | €146 | €1 | €0 | €0 | €457 | ▲ 761,317% |
| Financial charges65/66B | - | - | €41,200 | €26,697 | €19,244 | ▼ 27.9% |
| Recurring financial charges65 | €39,061 | €32,449 | €41,200 | €26,697 | €19,244 | ▼ 27.9% |
| Profit (loss) for the period before taxes9903 | €8,268 | €71,273 | €277,496 | -€422,602 | -€220,488 | ▲ 47.8% |
| Income taxes67/77 | €6,221 | €24,847 | €88,314 | - | - | - |
| Profit (loss) for the period9904 | €2,047 | €46,426 | €189,182 | -€422,602 | -€220,488 | ▲ 47.8% |
| Profit (loss) for the period to be appropriated9905 | €2,047 | €46,426 | €189,182 | -€422,602 | -€220,488 | ▲ 47.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.5m | €1.3m | €403,268 | €160,266 | ▼ 60.3% |
| Fixed assets21/28 | €275,405 | €262,417 | €21,413 | €134,834 | €127,217 | ▼ 5.6% |
| Tangible fixed assets22/27 | €270,505 | €257,517 | €16,513 | €129,934 | €127,217 | ▼ 2.1% |
| Land and buildings22 | - | - | - | €118,192 | €124,463 | ▲ 5.3% |
| Plant, machinery and equipment23 | - | - | €1,508 | €1,071 | €2,073 | ▲ 93.6% |
| Furniture and vehicles24 | - | - | €15,005 | €10,672 | €681 | ▼ 93.6% |
| Financial fixed assets28 | €4,900 | €4,900 | €4,900 | €4,900 | - | - |
| Current assets29/58 | €810,124 | €1.3m | €1.3m | €268,433 | €33,049 | ▼ 87.7% |
| Stocks and contracts in progress3 | €3,000 | €992,964 | €460,500 | €2,500 | - | - |
| Stocks30/36 | - | - | €460,500 | €2,500 | - | - |
| Amounts receivable within one year40/41 | €326,693 | €67,804 | €250,830 | €69,832 | €8,277 | ▼ 88.1% |
| Trade receivables40 | - | - | €5,562 | €67,169 | €703 | ▼ 99.0% |
| Other amounts receivable41 | - | - | €245,268 | €2,662 | €7,574 | ▲ 184% |
| Cash at bank and in hand54/58 | €346,870 | €203,052 | €570,052 | €192,606 | €18,562 | ▼ 90.4% |
| Deferred charges and accrued income490/1 | - | - | €14,040 | €3,496 | €6,210 | ▲ 77.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.5m | €1.3m | €403,268 | €160,266 | ▼ 60.3% |
| Equity10/15 | €198,591 | €245,017 | €434,200 | €11,598 | -€208,890 | ▼ 1,901% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €158,330 | €204,756 | €393,939 | €393,939 | €393,939 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €392,079 | €392,079 | €392,079 | = |
| Profit (loss) carried forward14 | €21,661 | €21,661 | €21,661 | -€400,941 | -€621,428 | ▼ 55.0% |
| Amounts payable17/49 | €886,938 | €1.3m | €882,635 | €391,670 | €369,156 | ▼ 5.7% |
| Amounts payable after more than one year17 | €307,844 | €266,763 | €647,534 | €301,058 | €302,628 | ▲ 0.5% |
| Financial debts170/4 | - | - | €647,534 | €301,058 | €302,628 | ▲ 0.5% |
| Amounts payable within one year42/48 | €579,094 | €1.0m | €235,101 | €90,611 | €65,619 | ▼ 27.6% |
| Current portion of amounts payable after more than one year42 | - | - | €36,673 | €38,562 | €34,939 | ▼ 9.4% |
| Trade debts44 | €307,297 | €145,158 | €1,957 | €47,079 | €18,315 | ▼ 61.1% |
| Suppliers440/4 | - | - | €1,957 | €47,079 | €18,315 | ▼ 61.1% |
| Taxes, remuneration and social security45 | - | - | €102,523 | €4,956 | - | - |
| Taxes450/3 | - | - | €102,523 | €4,956 | - | - |
| Other amounts payable47/48 | - | - | €93,948 | €14 | €12,365 | ▲ 86,797% |
| Accrued charges and deferred income492/3 | - | - | - | - | €908 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,047 | €46,426 | €189,182 | -€422,602 | -€220,488 | ▲ 47.8% |
| + Depreciation and write-downs630 | €19,931 | €12,988 | €5,726 | €5,647 | €7,766 | ▲ 37.5% |
| Operating cash flow (approximation) | €21,979 | €59,414 | €194,909 | -€416,954 | -€212,722 | ▲ 49.0% |
| Investment in fixed assets (approximation) | - | €0 | €235,278 | -€119,069 | -€148 | ▲ 99.9% |
| Change in cash | - | -€143,818 | €367,001 | -€377,446 | -€174,044 | ▲ 53.9% |
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
2026
04-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 01-06-2026
2025
17-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 13-01-2025
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 86 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
31-12
Financial
Weakest financial yearnet -€422,602
Net result drops to -€422,602, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €189,182 ▲307%
Operating result €318,696, net result €189,182, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 5.51
Current ratio from 1.24 to 5.51; short-term debt falls from €1.0m to €235,101.
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 67 days late
2020
31-12
Financial
Equity above €200,000Eq €245,017 ▲23.4%
3 profitable years in a row build equity to €245,017.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 53 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
Show earlier events
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Heist-op-den-Berg
Ground area
1,363 m²
Building footprint
201 m²
Volume, LiDAR
1,101 m³
Parcel 12039B0342/00A000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12039B0342/00A000 | Flanders | 1,363 m² | 1 · 201 m² | 9.4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PHILIPPE VAN DER HEYDEN NEETWEG 24, 2220 HEIST-
OP-DEN-BERG |
13-01-2025 → 01-06-2026 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,749 companies in sector 68310 we hold annual accounts for 6,910. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.