HEGRO

Active

Private limited companyfounded 20233 yrs activeHollandstraat 9, 1755 Pajottegem, BelgiumKBO/BCE: BE 0797.608.135

The computed 12-month bankruptcy probability of HEGRO is 2.2% (moderate). The 2025 annual accounts show equity of €193k and a net result of €80k. Equity is growing by ~62.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 27386 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

86 / 100

Excellent▲ +30 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency42▲+13

Growth78=

Stability94

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €17k at 30 days acceptable

Liquidity tight (current ratio 1.01 against 0.81 in 2024), and 72.7% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

27.3%

Return on assets

11.3%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

1 d early

2024

38 d early

2023

30 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€193k▲ 70.4%

2024 · €113k

2023: €51k 2024: €113k

2023 → 2025

Total assets

€707k▲ 44.0%

2024 · €491k

2023: €312k 2024: €491k

2023 → 2025

Net result

€80k▲ 27.1%

2024 · €63k

2023: €31k 2024: €63k

2023 → 2025

Working capital

€3k

2024 · €-43k

2023: €-127k 2024: €-43k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€51k-€113k▲ 124%€193k▲ 70.4%

Operating result€37k-€94k▲ 157%€122k▲ 28.9%

Net result€31k-€63k▲ 106%€80k▲ 27.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2025 is 29% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €707k

65.1%

34.9%

Fixed assets €461k▲ 50.2%

Current assets €247k▲ 33.7%

Equity and liabilities €707k

27.3%

72.7%

Equity €193k▲ 70.4%

Debt €514k▲ 36.0%

The debt ratio falls from 76.9% to 72.7%: equity grows faster than debt.

Key figures and ratios

2025 value · change against 2024

EBITDA

€237k▲

2024 · €169k

Cash flow

€195k▲

2024 · €137k

Solvency

27.3%▲

2024 · 23.1%

Current ratio

1.01▲

2024 · 0.81

Quick ratio

1.01▲

2024 · 0.81

Debt / equity

2.66▼

2024 · 3.33

ROE

41.3%▼

2024 · 55.4%

ROA

11.3%▼

2024 · 12.8%

Interest coverage

16.45▼

2024 · 17.36

Debt

€514k▲

2024 · €378k

Debt ≤ 1 year

€243k▲

2024 · €227k

Debt > 1 year

€271k▲

2024 · €150k

Income taxes

€27k▲

2024 · €22k

Staff costs

€2k▲

2024 · €1k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€491k€707k▲

Formation expenses20€0-

Fixed assets21/28€307k€461k▲

Tangible fixed assets22/27€288k€442k▲

Plant, machinery and equipment23€22k€14k▼

Furniture and vehicles24€55k€70k▲

Leasing and similar rights25€211k€358k▲

Financial fixed assets28€19k€19k=

Current assets29/58€184k€247k▲

Amounts receivable within one year40/41€27k€59k▲

Trade receivables40€27k€59k▲

Other amounts receivable41€12€0▼

Cash at bank and in hand54/58€151k€176k▲

Deferred charges and accrued income490/1€7k€12k▲

Equity and liabilities

Total equity and liabilities10/49€491k€707k▲

Equity10/15€113k€193k▲

Contributions10/11€20k€20k=

Reserves13€90k€169k▲

Distributable reserves133€90k€169k▲

Profit (loss) carried forward14€3k€4k▲

Amounts payable17/49€378k€514k▲

Amounts payable after more than one year17€150k€271k▲

Financial debts170/4€150k€271k▲

Amounts payable within one year42/48€227k€243k▲

Current portion of amounts payable after more than one year42€27k€51k▲

Trade debts44€22k€18k▼

Suppliers440/4€22k€18k▼

Taxes, remuneration and social security45€28k€22k▼

Taxes450/3€28k€20k▼

Remuneration and social security454/9-€2k

Other amounts payable47/48€151k€152k▲

Income statement Code20242025

Remuneration, social security and pensions62€1k€2k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€115k▲

Other operating charges640/8€5k€7k▲

Gross operating margin9900€175k€245k▲

Operating profit (loss)9901€94k€122k▲

Financial income75/76B€0€0▲

Recurring financial income75€0€0▲

Financial charges65/66B€10k€14k▲

Recurring financial charges65€10k€14k▲

Profit (loss) for the period before taxes9903€85k€107k▲

Income taxes67/77€22k€27k▲

Profit (loss) for the period9904€63k€80k▲

Profit (loss) for the period to be appropriated9905€63k€80k▲

Appropriation of the result

Profit (loss) to be appropriated9906€63k€83k▲

Profit (loss) brought forward from the previous period14P€586€3k▲

Transfer to equity691/2€60k€79k▲

To the legal reserve6920€60k€79k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 3Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2023net €80k ▲27.1%

Operating result €122k, net result €80k, both a record.

31-12

Financial Equity above €150kEq €193k ▲70.4%

3 profitable years in a row build equity to €193k.

23-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Equity above €100kEq €113k ▲124%

2 profitable years in a row build equity to €113k.

01-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Pajottegem · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Hollandstraat 91755 Pajottegem

Ground area

6,045 m²

Building footprint

2,111 m²

Volume, LiDAR

13,003 m³

Parcel 23040F0462/00H000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

HEGRO

Hollandstraat 9, 1755 PajottegemSite preparation

since 20232.341.215.655

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23040F0462/00H000	Flanders	6,045 m²	1 · 2,111 m²	9.7 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 2 entries · 1,635 EUR awarded · 1,635 EUR paid

Year	Entries	awarded	paid
2025	1	135 EUR	135 EUR
2023	1	1,500 EUR	1,500 EUR

Schemes

Subsidies ecologisch en veilig transport (stopgezet)

1 entry · 1,500 EUR · 1,500 EUR paid · Departement Mobiliteit en Openbare Werken

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 135 EUR · 135 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Court-Saint-Etienne · Eq €194k

Of 8,398 companies in sector 43120 we hold annual accounts for 3,206. 2,583 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded25-01-2023

Fiscal year end31-12

Activities, NACEBEL

43120Site preparation

49410Freight transport by road

68110Buying and selling of own real estate

81300Landscape service activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.