HEKOR

Active

Private limited companyfounded 201313 yrs activePrinsenpad 110, 2310 Rijkevorsel, BelgiumKBO/BCE: BE 0502.282.826

HEKOR has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.04M and a net result of €160k. Its solvency ranks better than 55% of 12490 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024

93 / 100

Excellent= vs 2023

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

Axes · tick = 2023

Profitability77▼-23

Solvency100▲+2

Growth52

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €95k at 30 days acceptable

Liquidity ample (current ratio 6.03 against 6.63 in 2023), and 35% 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

5 signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

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

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

65%

Return on assets

10%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

24 d early

2023

27 d early

2022

18 d early

2021

on the day

2020

9 d early

2019

70 d late

← before the deadline after the 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 2024, micro schema

Equity

€1.04M▲ 17.3%

2023 · €888k

2023: €888k

2023 → 2024

Total assets

€1.60M▲ 5.4%

2023 · €1.52M

2023: €1.52M

2023 → 2024

Net result

€160k▼ 32.3%

2023 · €236k

2023: €236k

2023 → 2024

Working capital

€499k▼ 32.2%

2023 · €736k

2023: €736k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€888k-€1.04M▲ 17.3%

Operating result€338k-€225k▼ 33.4%

Net result€236k-€160k▼ 32.3%

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 33% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.60M

62.7%

37.3%

Fixed assets €1.00M▲ 53.7%

Current assets €598k▼ 31.0%

Equity and liabilities €1.60M

65.0%

35.0%

Equity €1.04M▲ 17.3%

Debt €560k▼ 11.3%

The debt ratio falls from 41.6% to 35.0%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€292k▼

2023 · €389k

Cash flow

€227k▼

2023 · €287k

Solvency

65.0%▲

2023 · 58.4%

Current ratio

6.03▼

2023 · 6.63

Quick ratio

6.03▼

2023 · 6.63

Debt / equity

0.54▼

2023 · 0.71

ROE

15.4%▼

2023 · 26.6%

ROA

10.0%▼

2023 · 15.5%

Interest coverage

63.12▼

2023 · 70.83

Debt

€560k▼

2023 · €632k

Debt ≤ 1 year

€99k▼

2023 · €131k

Debt > 1 year

€436k▼

2023 · €477k

Income taxes

€66k▼

2023 · €101k

Staff costs

€0▼

2023 · €19k

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 · 2024

Balance sheet Code2024

Total assets 20/58€1.60M

Fixed assets 21/28€1.00M

Tangible fixed assets 22/27€1.00M

Current assets 29/58€598k

Amounts receivable within one year 40/41€81k

Cash & bank 54/58€276k

Total equity & liabilities 10/49€1.60M

Equity 10/15€1.04M

Reserves 13€1.03M

Accumulated profits (losses) 14€11k

Amounts payable 17/49€560k

Amounts payable after one year 17€436k

Amounts payable within one year 42/48€99k

Trade debts payable within one year 44€499

Income statement Code2024

Gross operating margin 9900€330k

Operating result 9901€225k

Financial income 75€5k

Financial charges 65€5k

Result before taxes 9903€226k

Income taxes 67/77€66k

Net result for the period 9904€160k

Result to be appropriated 9905€160k

This is the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Timeline · acts, filings and financial milestones

All 11Financial 1Filings 10

2025

07-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Equity above €1MEq €1.04M ▲17.3%

2 profitable years in a row build equity to €1.04M.

04-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

13-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

22-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

09-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 70 days late

2019

02-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 2 days late

2018

20-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 20 days late

2017

18-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 18 days late

2016

08-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 8 days late

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

0 of 6 acts read

About the unread acts

We know of 6 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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