Losses
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Turnover fell in 2025 from €75,000 to €0.
€2.3m of the debts are secured on the company's own assets. In 2021 that was €5.3m.
HEMCOR pays its suppliers 4,910 days earlier than in 2024.
The last five annual accounts were filed 2 to 31 days before the end of the period.
Lower net result than 90% of companies in wholesale trade. Sector median €110,270 · 6,125 companies.
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 26% of them on solvency, 32% on liquidity, 11% on profitability and 18% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is insufficient, with a current ratio of 0.19 (0.23 in 2024), below 1. Short-term debt is 41.2% and cash 0.8% of total assets. 76.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 17 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Shares in 5 companies, including HEMELAER and Hempo BV
Board & ownership| Company | ||||
|---|---|---|---|---|
| HEMCOR Temse | €9.6m | - | 23.4% | - |
| VEEHANDEL CANT PIETER Sint-Gillis-Waas | €3.0m | €0.4m | 27.2% | - |
| De Meester Livestock Hoogstraten | €4.1m | €0.2m | 4.5% | - |
| JACO Quentin et Fils Grâce-Hollogne | €3.5m | €0.9m | 26.2% | 3.5 |
| Mares of Macha Vleteren | €4.1m | €0.7m | 16.6% | 1.9 |
| MM TRADE Roeselare | €4.4m | €1.1m | 40.0% | 2 |
| HARAS BONNE CHANCE Dilsen-Stokkem | €2.4m | -€2.5m | -101.0% | - |
These companies have the same main activity as HEMCOR: wholesale of live animals (NACE 46231). They are smaller than HEMCOR: total assets between €2.4m and €4.4m, founded between 2017 and 2022.
HEMCOR has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of -€230,710.
Equity has been shrinking by about 4.1% per year since 2021. Its solvency ranks better than 26% of 6,192 sector peers (NACE 46, financial year 2025).
The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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