HEGO
Open bankruptcyA bankruptcy procedure is open for HEGO according to publications in the Belgian State Gazette; curator: MARTE DE CALUWé. The file additionally contains 1 judicial reorganisation. The 2021 annual accounts show negative equity (€-311k) and a net result of €-2.01M.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2021, full schema
Turnover
€19.95M▲ 33.6%
2020 · €14.93M
2018: €14.23M
2019: €14.32M
2020: €14.93M
2018 → 2021
EBIT margin
-9.5%▼ 10.5pp
2020 · 1.0%
2018: 1.1%
2019: 1.1%
2020: 1.0%
2018 → 2021
Net result
€-2.01M
2020 · €13k
2018: €-30k
2019: €24k
2020: €13k
2018 → 2021
Working capital
€-1.94M▼ 219%
2020 · €-608k
2018: €-150k
2019: €-864k
2020: €-608k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€14.23M-€14.32M▲ 0.6%€14.93M▲ 4.2%€19.95M▲ 33.6%
Equity€663k-€686k▲ 3.6%€699k▲ 1.9%€-311k
Operating result€150k-€162k▲ 8.4%€152k▼ 6.3%€-1.90M
Net result€-30k-€24k€13k▼ 46.7%€-2.01M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €1.90M after €152k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €8.75M
Fixed assets
€2.47M▲ 1.3%
Current assets
€6.29M▼ 9.4%
Key figures and ratios
EBITDA
€-1.10M▼
2020 · €851k
Cash flow
€-1.21M▼
2020 · €711k
Solvency
-3.6%▼
2020 · 7.5%
Current ratio
0.76▼
2020 · 0.92
Quick ratio
0.67▼
2020 · 0.85
Debt / equity
-28.98▼
2020 · 1.40
ROA
-23.0%▼
2020 · 0.1%
Interest coverage
-12.34▼
2020 · 10.29
Debt
€9.01M▲
2020 · €8.55M
Debt ≤ 1 year
€8.23M▲
2020 · €7.54M
Debt > 1 year
€760k▼
2020 · €981k
Income taxes
€5k▼
2020 · €55k
Staff costs
€4.35M
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€9.37M€8.75M▼
Fixed assets21/28€2.44M€2.47M▲
Intangible fixed assets21€119k€113k▼
Tangible fixed assets22/27€2.32M€2.35M▲
Plant, machinery and equipment23-€1.20M
Furniture and vehicles24-€86k
Leasing and similar rights25-€723k
Other tangible fixed assets26-€344k
Financial fixed assets28€535€2k▲
Other financial fixed assets284/8-€2k
Amounts receivable and cash guarantees285/8-€2k
Current assets29/58€6.94M€6.29M▼
Stocks and contracts in progress3€527k€811k▲
Stocks30/36-€811k
Raw materials and consumables30/31-€811k
Amounts receivable within one year40/41€5.58M€4.85M▼
Trade receivables40-€4.65M
Other amounts receivable41-€200k
Cash at bank and in hand54/58€608k€497k▼
Deferred charges and accrued income490/1-€123k
Equity and liabilities
Total equity and liabilities10/49€9.37M€8.75M▼
Equity10/15€699k€-311k▼
Contributions10/11-€1.20M
Reserves13€503k€18k▼
Tax-exempt reserves132-€18k
Profit (loss) carried forward14-€-1.53M
Provisions and deferred taxes16€122k€51k▼
Provisions for liabilities and charges160/5-€51k
Other liabilities and charges164/5-€51k
Amounts payable17/49€8.55M€9.01M▲
Amounts payable after more than one year17€981k€760k▼
Financial debts170/4-€760k
Subordinated loans170-€74k
Leasing and similar obligations172-€475k
Credit institutions173-€211k
Amounts payable within one year42/48€7.54M€8.23M▲
Current portion of amounts payable after more than one year42-€629k
Financial debts43-€2.82M
Credit institutions430/8-€2.82M
Trade debts44€3.62M€4.23M▲
Suppliers440/4-€4.23M
Taxes, remuneration and social security45-€546k
Taxes450/3-€59k
Remuneration and social security454/9-€487k
Accrued charges and deferred income492/3-€28k
Income statement
Code20202021
Operating income70/76A-€20.20M
Turnover70€14.93M€19.95M▲
Own construction capitalised72-€6k
Other operating income74-€244k
Non-recurring operating income76A-€613
Operating charges60/66A-€22.10M
Goods for resale, raw materials and consumables60-€14.54M
Purchases600/8-€14.83M
Change in stocks: decrease (increase)609-€-285k
Services and other goods61-€2.39M
Remuneration, social security and pensions62-€4.35M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€698k€800k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€56k
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-71k
Other operating charges640/8-€19k
Non-recurring operating charges66A-€5k
Operating profit (loss)9901€152k€-1.90M▼
Financial income75/76B-€7k
Recurring financial income75€15k€7k▼
Income from current assets751-€6k
Other financial income752/9-€1k
Financial charges65/66B-€112k
Recurring financial charges65€99k€112k▲
Debt charges650€83k€89k▲
Other financial charges652/9-€22k
Profit (loss) for the period before taxes9903€68k€-2.01M▼
Income taxes67/77€55k€5k▼
Taxes670/3-€5k
Profit (loss) for the period9904€13k€-2.01M▼
Profit (loss) for the period to be appropriated9905€6k€-2.01M▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-2.01M
Transfer from equity791/2-€485k
From reserves792-€485k
Social balance
Average headcount (FTE)9087-68.8
The notes to these accounts (80 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
24-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · HEGO BV KOORDEKENS- HOEF 83, 2030 ANTWERPEN 3 · event 16-05-2023
2022
29-12
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collectif · event 21-12-2022
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 145 days late
2021
31-12
Financial
Weakest financial yearnet €-2.01M ▼15843%
Net result drops to €-2.01M, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 70 days late
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 64 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 8 days late
2015
25-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 117 days late
2014
27-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
25-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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 · 1 establishment unit since 1999
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.
Koordekenshoef 832030 AntwerpenGround area
2.1 ha
Building footprint
3,895 m²
Volume, LiDAR
25,060 m³
2 parcels, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Lichterweg 11, 2030 Antwerpen
since 19992.068.135.713
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1333/00F038 | Flanders | 1.9 ha | 1 · 3,449 m² | 10.4 m · 3 fl. |
| 11807G1805/00G000 | Flanders | 2,405 m² | 1 · 445 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | MARTE DE CALUWé MUSEUMSTRAAT 31-33 4,
2000 ANTWERPEN 1 |
16-05-2023 → present |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,289 EUR awarded · 2,287 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 319 EUR | 558 EUR |
| 2022 | 1 | 1,970 EUR | 1,729 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 298 companies in sector 33150 we hold annual accounts for 159. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-1994
Fiscal year end31-12
Activities, NACEBEL
33150Repair, maintenance and installation of machinery and equipment
35110Production of electricity from non-renewable sources
25530Machining of metals
28520
43320Joinery installation
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.