HEMCOM
ActiveSummary
HEMCOM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€205,985) and a net result of -€353,671. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-73
Solvency0▼-53
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.62 against 1.12 in 2024; short-term debt: 135.5% and cash: 11.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-35.5%
Return on assets
-61%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€205,985
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
on the day
2023
on the day
2022
31 d late
2021
31 d late
2020
1 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 1 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€205,985
2024 · €147,686
Total assets
€579,642▲ 9.6%
2024 · €528,673
Net result
-€353,671
2024 · €19,198
Working capital
-€297,364
2024 · €47,601
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,704▲ 20.2%€104,302▲ 144%€73,194▼ 29.8%€37,544▼ 48.7%-€352,940
Net result€11,148within the sector's middle half▲ 55.5%€53,570within the sector's middle half▲ 381%€38,127within the sector's middle half▼ 28.8%€19,198within the sector's middle half▼ 49.6%-€353,671below the sector's middle half
Equity€36,791below the sector's middle half▲ 43.5%€90,361below the sector's middle half▲ 146%€128,489within the sector's middle half▲ 42.2%€147,686within the sector's middle half▲ 14.9%-€205,985below the sector's middle half
Total assets€519,653below the sector's middle half▲ 29.2%€400,209below the sector's middle half▼ 23.0%€565,348within the sector's middle half▲ 41.3%€528,673below the sector's middle half▼ 6.5%€579,642within the sector's middle half▲ 9.6%
Debt€482,861▲ 28.2%€309,847▼ 35.8%€436,859▲ 41.0%€380,987▼ 12.8%€785,627▲ 106%
Working capital-€91,779below the sector's middle half▼ 7,727%-€23,154within the sector's middle half▲ 74.8%€27,649within the sector's middle half€47,601within the sector's middle half▲ 72.2%-€297,364below the sector's middle half
Solvency7.1%below the sector's middle half▲ 0.7pp22.6%within the sector's middle half▲ 15.5pp22.7%within the sector's middle half▲ 0.1pp27.9%within the sector's middle half▲ 5.2pp-35.5%below the sector's middle half▼ 63.5pp
Current ratio0.81below the sector's middle half▼ 0.190.93within the sector's middle half▲ 0.121.06within the sector's middle half▲ 0.141.12within the sector's middle half▲ 0.060.62below the sector's middle half▼ 0.50
Return on assets (ROA)2.1%within the sector's middle half▲ 0.4pp13.4%above the sector's middle half▲ 11.2pp6.7%within the sector's middle half▼ 6.6pp3.6%within the sector's middle half▼ 3.1pp-61.0%below the sector's middle half▼ 64.6pp
Staff (FTE)36.6above the sector's middle half▲ 3.1%37.4above the sector's middle half▲ 2.2%33.7above the sector's middle half▼ 9.9%36.2above the sector's middle half▲ 7.4%33.3above the sector's middle half▼ 8.0%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €352,940 after €37,544 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €579,642
Fixed assets
€91,379 ▼ 8.7%
Current assets
€488,263 ▲ 13.9%
Key figures and ratios
EBITDA
-€343,355▼
2024 · €46,675
Cash flow
-€344,086▼
2024 · €28,329
Debt to equity
-3.81▼
2024 · 2.58
Interest coverage
-443.28▼
2024 · 28.42
Debt ≤ 1 year
€785,627▲
2024 · €380,987
Income taxes
-€42▼
2024 · €16,803
Staff costs
€1.8m▲
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 600 companies that looked in July 2024 the way this one looks now, 8.5% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.5%
went bankrupt
5.8%
stopped otherwise
83%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 600 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1.3m | €1.2m | €1.2m | €1.2m | €1.8m | ▲ 44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,461 | €20,342 | €13,565 | €9,131 | €9,585 | ▲ 5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€8,594 | -€8,594 | €0 | €80,909 | -€17,188 | ▼ 121% |
| Other operating charges640/8 | €12,479 | €12,610 | €62,846 | €12,981 | €10,014 | ▼ 22.9% |
| Gross operating margin9900 | €1.4m | €1.3m | €1.4m | €1.4m | €1.4m | ▲ 4.3% |
| Operating profit (loss)9901 | €42,704 | €104,302 | €73,194 | €37,544 | -€352,940 | ▼ 1,040% |
| Financial income75/76B | €1,872 | €0 | €0 | €99 | €1 | ▼ 99.2% |
| Recurring financial income75 | €1,872 | €0 | €0 | €99 | €1 | ▼ 99.2% |
| Financial charges65/66B | €2,166 | €3,733 | €1,606 | €1,642 | €775 | ▼ 52.8% |
| Recurring financial charges65 | €2,166 | €3,733 | €1,606 | €1,642 | €775 | ▼ 52.8% |
| Profit (loss) for the period before taxes9903 | €42,409 | €100,570 | €71,588 | €36,001 | -€353,714 | ▼ 1,083% |
| Income taxes67/77 | €31,261 | €47,000 | €33,460 | €16,803 | -€42 | ▼ 100% |
| Profit (loss) for the period9904 | €11,148 | €53,570 | €38,127 | €19,198 | -€353,671 | ▼ 1,942% |
| Profit (loss) for the period to be appropriated9905 | €11,148 | €53,570 | €38,127 | €19,198 | -€353,671 | ▼ 1,942% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €519,653 | €400,209 | €565,348 | €528,673 | €579,642 | ▲ 9.6% |
| Fixed assets21/28 | €134,747 | €114,405 | €100,840 | €100,086 | €91,379 | ▼ 8.7% |
| Tangible fixed assets22/27 | €49,747 | €29,405 | €15,840 | €15,086 | €6,379 | ▼ 57.7% |
| Plant, machinery and equipment23 | - | - | - | - | €646 | - |
| Furniture and vehicles24 | €49,747 | €29,405 | €15,840 | €15,086 | €5,734 | ▼ 62.0% |
| Financial fixed assets28 | €85,000 | €85,000 | €85,000 | €85,000 | €85,000 | = |
| Current assets29/58 | €384,905 | €285,803 | €464,508 | €428,588 | €488,263 | ▲ 13.9% |
| Amounts receivable within one year40/41 | €331,204 | €226,148 | €424,691 | €318,882 | €407,986 | ▲ 27.9% |
| Trade receivables40 | €217,103 | €87,765 | €265,254 | €95,363 | €45,839 | ▼ 51.9% |
| Other amounts receivable41 | €114,101 | €138,382 | €159,438 | €223,519 | €362,147 | ▲ 62.0% |
| Cash at bank and in hand54/58 | €42,974 | €51,665 | €34,369 | €103,448 | €64,202 | ▼ 37.9% |
| Deferred charges and accrued income490/1 | €10,728 | €7,991 | €5,447 | €6,257 | €16,074 | ▲ 157% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €519,653 | €400,209 | €565,348 | €528,673 | €579,642 | ▲ 9.6% |
| Equity10/15 | €36,791 | €90,361 | €128,489 | €147,686 | -€205,985 | ▼ 239% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €28,731 | €82,301 | €120,429 | €139,626 | -€214,045 | ▼ 253% |
| Amounts payable17/49 | €482,861 | €309,847 | €436,859 | €380,987 | €785,627 | ▲ 106% |
| Amounts payable after more than one year17 | €6,176 | €890 | €0 | - | - | - |
| Financial debts170/4 | €6,176 | €890 | €0 | - | - | - |
| Amounts payable within one year42/48 | €476,685 | €308,957 | €436,859 | €380,987 | €785,627 | ▲ 106% |
| Current portion of amounts payable after more than one year42 | €6,491 | €5,286 | €890 | €0 | - | - |
| Trade debts44 | €322,550 | €93,970 | €303,589 | €190,923 | €180,456 | ▼ 5.5% |
| Suppliers440/4 | €322,550 | €93,970 | €303,589 | €190,923 | €180,456 | ▼ 5.5% |
| Taxes, remuneration and social security45 | €131,460 | €179,376 | €110,548 | €158,921 | €228,592 | ▲ 43.8% |
| Taxes450/3 | €59,766 | €103,294 | €55,687 | €48,729 | €46,328 | ▼ 4.9% |
| Remuneration and social security454/9 | €71,694 | €76,083 | €54,861 | €110,192 | €182,264 | ▲ 65.4% |
| Other amounts payable47/48 | €16,185 | €30,325 | €21,832 | €31,142 | €376,579 | ▲ 1,109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,148 | €53,570 | €38,127 | €19,198 | -€353,671 | ▼ 1,942% |
| + Depreciation and write-downs630 | €19,461 | €20,342 | €13,565 | €9,131 | €9,585 | ▲ 5.0% |
| Operating cash flow (approximation) | €30,609 | €73,912 | €51,693 | €28,329 | -€344,086 | ▼ 1,315% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€8,377 | -€879 | ▲ 89.5% |
| Change in cash | - | €8,691 | -€17,296 | €69,079 | -€39,246 | ▼ 157% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€353,671
Net result drops to -€353,671, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100,000Eq €128,489 ▲42.2%
4 profitable years in a row build equity to €128,489.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €53,570 ▲381%
Operating result €104,302, net result €53,570, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €7,169
Net result €7,169 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Gent · 1 establishment unit since 2020
Ground area
728 m²
Building footprint
86 m²
Volume, LiDAR
459 m³
Parcel 44051B0760/00Z000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
HEMCOM
since 20202.302.803.259
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051B0760/00Z000 | Flanders | 728 m² | 1 · 86 m² | 8.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.302.803.259
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Of 599 companies in sector 10111 we hold annual accounts for 331. 236 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
10111Manufacture of food products
43240Other construction installation
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0826629545
Also
9925:BE0826629545
Registered
16-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.