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Foreign entityfounded 201313 yrs activeAvenue de l'Opéra 15, 75001 Paris, FranceKBO/BCE: BE 0534.850.773
Summary

For the legal form of HEKDO, Checked does not compute a bankruptcy probability. The 2020 annual accounts show equity of €23.6m and a net result of -€31,315. Equity remains stable across the filed fiscal years (±1% per year). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability37▼-4
Solvency84▼-5
Growth78=
Track record100
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Signals

Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filings
Position against the passed deadline
31-12-2021 close31-07-2022 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 25-08-2021, 25 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 · 7 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
25 d late
2019
87 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 56 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

On 31 May 2013, HEKDO was incorporated.1 Total assets went from EUR 36 million in 2018 to EUR 40 million in 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2020

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Financials · fiscal year 2020, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€31,315
2019 · €487,481
Working capital
-€4.2m
2019 · €6.6m
Trend over the years
In euros
In euros
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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line201820192020
Operating result-€239,496--€217,280▲ 9.3%-€249,024▼ 14.6%
Net result-€601,084-€487,481-€31,315
Equity€23.2m-€23.7m▲ 2.1%€23.6m▼ 0.1%
Total assets€35.8m-€37.1m▲ 3.7%€39.7m▲ 7.1%
Debt€12.6m-€13.4m▲ 6.5%€16.1m▲ 19.9%
Working capital€7.1m-€6.6m▼ 7.0%-€4.2m
Staff (FTE)0.3-
Result per fiscal year
Operating resultNet result
-€1.0m-€500,000€0€500,000Operating result 2018: -€239,496-€239,496Net result 2018: -€601,084-€601,084Operating result 2019: -€217,280-€217,280Net result 2019: €487,481€487,481Operating result 2020: -€249,024-€249,024Net result 2020: -€31,315-€31,315201820192020-€1m-€500,000€0€500,000Operating result 2018: -€239,496-€239,000Net result 2018: -€601,084-€601,000Operating result 2019: -€217,280-€217,000Net result 2019: €487,481€487,000Operating result 2020: -€249,024-€249,000Net result 2020: -€31,315-€31,300201820192020
The operating result stays negative: a loss of €249,024 in 2020 against €217,280 in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €39.7m
Fixed assets €27.8m ▲ 10.5%
Current assets €11.9m ▲ 0.1%
Equity and liabilities €39.7m
Equity €23.6m ▼ 0.1%
Debt €16.1m ▲ 19.9%
Debt's share of the balance-sheet total rises from 36.2% to 40.5%. Equity is lower and debt is higher.
Key figures and ratios
2020 value · change against 2019
EBITDA
-€153,325▼
2019 · -€121,169
Cash flow
€64,384▼
2019 · €583,592
Current ratio
0.74▼
2019 · 2.27
Debt to equity
0.00▼
2019 · 0.34
ROE
-0.1%▼
2019 · 2.1%
ROA
-0.1%▼
2019 · 1.3%
Debt ≤ 1 year
€16.1m▲
2019 · €5.2m
Debt > 1 year
€0▼
2019 · €8.1m
Income taxes
-€39▼
2019 · €39
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 26 lines
Balance sheet Code20192020
Assets
Total assets20/58€37.1m€39.7m▲
Fixed assets21/28€25.2m€27.8m▲
Tangible fixed assets22/27€3.5m€3.4m▼
Financial fixed assets28€21.7m€24.4m▲
Current assets29/58€11.9m€11.9m▲
Amounts receivable within one year40/41€2.8m€2.9m▲
Current investments50/53€8.1m€8.1m▲
Cash at bank and in hand54/58€677,505€434,121▼
Equity and liabilities
Total equity and liabilities10/49€37.1m€39.7m▲
Equity10/15€23.7m€23.6m▼
Contributions10/11€8.1m€8.1m=
Reserves13€786,142€15.6m▲
Profit (loss) carried forward14€14.8m€14.3m▼
Amounts payable17/49€13.4m€16.1m▲
Amounts payable after more than one year17€8.1m€0▼
Amounts payable within one year42/48€5.2m€16.1m▲
Trade debts44€33,023€28,724▼
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96,111€95,699▼
Gross operating margin9900-€93,240-€113,645▼
Operating profit (loss)9901-€217,280-€249,024▼
Recurring financial income75€636,583€370,809▼
Recurring financial charges65-€249,033€153,139▲
Profit (loss) for the period before taxes9903€487,520-€31,354▼
Income taxes67/77€39-€39▼
Profit (loss) for the period9904€487,481-€31,315▼
Profit (loss) for the period to be appropriated9905€487,481-€31,315▼
Line201820192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96,573€96,111€95,699▼ 0.4%
Gross operating margin9900-€100,421-€93,240-€113,645▼ 21.9%
Operating profit (loss)9901-€239,496-€217,280-€249,024▼ 14.6%
Recurring financial income75€606,209€636,583€370,809▼ 41.8%
Recurring financial charges65€1.0m-€249,033€153,139▲ 161%
Profit (loss) for the period before taxes9903-€642,419€487,520-€31,354▼ 106%
Income taxes67/77-€41,335€39-€39▼ 200%
Profit (loss) for the period9904-€601,084€487,481-€31,315▼ 106%
Profit (loss) for the period to be appropriated9905-€601,084€487,481-€31,315▼ 106%
Line201820192020Change
Assets
Total assets20/58€35.8m€37.1m€39.7m▲ 7.1%
Fixed assets21/28€23.8m€25.2m€27.8m▲ 10.5%
Tangible fixed assets22/27€3.6m€3.5m€3.4m▼ 2.7%
Financial fixed assets28€20.1m€21.7m€24.4m▲ 12.6%
Current assets29/58€12.0m€11.9m€11.9m▲ 0.1%
Amounts receivable within one year40/41€1.5m€2.8m€2.9m▲ 3.6%
Current investments50/53€9.0m€8.1m€8.1m▲ 0.7%
Cash at bank and in hand54/58€1.2m€677,505€434,121▼ 35.9%
Equity and liabilities
Total equity and liabilities10/49€35.8m€37.1m€39.7m▲ 7.1%
Equity10/15€23.2m€23.7m€23.6m▼ 0.1%
Contributions10/11€8.1m€8.1m€8.1m=
Reserves13€786,142€786,142€15.6m▲ 1,880%
Profit (loss) carried forward14€14.3m€14.8m€14.3m▼ 3.3%
Amounts payable17/49€12.6m€13.4m€16.1m▲ 19.9%
Amounts payable after more than one year17€7.4m€8.1m€0▼ 100%
Amounts payable within one year42/48€4.9m€5.2m€16.1m▲ 207%
Trade debts44€15,058€33,023€28,724▼ 13.0%
Line201820192020Change
Profit (loss) for the period9904-€601,084€487,481-€31,315▼ 106%
+ Depreciation and write-downs630€96,573€96,111€95,699▼ 0.4%
Operating cash flow (approximation)-€504,511€583,592€64,384▼ 89.0%
Investment in fixed assets (approximation)--€1.5m-€2.7m▼ 77.7%
Change in cash--€560,035-€243,384▲ 56.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2021
25-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
26-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 87 days late
2019
31-12
Financial Back to profitnet €487,481
Net result €487,481 after one loss-making year.
04-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
02-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
19-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
26-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
30-07
NBB filing Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts

We know of 11 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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Recognitions · licences · registrations

Legal Entity Identifier

54930033MNHYUD7LUH87
no longer live in the LEI register

Identification & contact

Identification
Legal formForeign entity
Founded31-05-2013
Fiscal year end31-12
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.

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Register as of 30 September 2026 · Peppol Directory

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