HENAST
ActiveHENAST has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-404k) and a net result of €-980k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 8636 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0▼-79
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17 against 0.16 in 2024; short-term debt: 577.4% and cash: 2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · 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 →
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
-567.9%
Age of the figures
9 mo
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 €-404k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 8 filingsDeviation from the deadline
2025
28 d late
2024
30 d late
2023
61 d late
2022
32 d late
2021
30 d late
2020
31 d late
2019
115 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-980k▼ 236%
2024 · €-292k
2018: €5k
2019: €-50k
2020: €-39k
2021: €62k
2022: €18k
2023: €-91k
2024: €-292k
2018 → 2025
Working capital
€-340k▼ 8.1%
2024 · €-315k
2018: €-266k
2019: €-133k
2020: €-35k
2021: €20k
2022: €5k
2023: €-85k
2024: €-315k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€941k-€960k▲ 1.9%€868k▼ 9.5%€576k▼ 33.6%€-404k
Operating result€101k-€30k▼ 70.5%€-87k€-290k▼ 234%€23k
Net result€62k-€18k▼ 70.7%€-91k€-292k▼ 220%€-980k▼ 236%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €23k after a loss of €290k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71k
Fixed assets
€595▼ 99.9%
Current assets
€71k▲ 15.5%
Key figures and ratios
EBITDA
€23k▲
2024 · €-288k
Cash flow
€-980k▼
2024 · €-290k
Solvency
-567.9%▼
2024 · 54.0%
Current ratio
0.17▲
2024 · 0.16
Quick ratio
0.17▲
2024 · 0.16
Debt / equity
-1.18▼
2024 · 0.85
Interest coverage
0.02▲
2024 · -122.67
Debt
€475k▼
2024 · €491k
Debt ≤ 1 year
€411k▲
2024 · €376k
Debt > 1 year
€64k▼
2024 · €115k
Staff costs
€0▼
2024 · €133
A ratio outside any meaningful range has been withheld (balance sheet total €71k, equity €-404k).
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€1.07M€71k▼
Fixed assets21/28€1.01M€595▼
Tangible fixed assets22/27€3k€593▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€3k€593▼
Financial fixed assets28€1.00M€2▼
Current assets29/58€61k€71k▲
Amounts receivable within one year40/41€59k€69k▲
Trade receivables40€27k€24k▼
Other amounts receivable41€32k€45k▲
Cash at bank and in hand54/58€1k€1k▲
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.07M€71k▼
Equity10/15€576k€-404k▼
Contributions10/11€963k€963k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€-388k€-1.37M▼
Amounts payable17/49€491k€475k▼
Amounts payable after more than one year17€115k€64k▼
Financial debts170/4€115k€64k▼
Amounts payable within one year42/48€376k€411k▲
Current portion of amounts payable after more than one year42€49k€78k▲
Financial debts43€26€26=
Credit institutions430/8€26€26=
Trade debts44€322k€322k▲
Suppliers440/4€322k€322k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€0€8k▲
Taxes450/3€0€8k▲
Other amounts payable47/48€5k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€35k€0▼
Remuneration, social security and pensions62€133€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€0▼
Other operating charges640/8€103k€2k▼
Non-recurring operating charges66A€176k€0▼
Gross operating margin9900€-8k€26k▲
Operating profit (loss)9901€-290k€23k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€2k€1.00M▲
Recurring financial charges65€2k€1.00M▲
Profit (loss) for the period before taxes9903€-292k€-980k▼
Profit (loss) for the period9904€-292k€-980k▼
Profit (loss) for the period to be appropriated9905€-292k€-980k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-388k€-1.37M▼
Profit (loss) brought forward from the previous period14P€-96k€-388k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-980k
Net result drops to €-980k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Back to profitnet €62k
Net result €62k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 115 days late
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-10-2021
Resigned as Manager
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2017
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.
Rue du Rempart(TOU) 33 A7500 TournaiGround area
186 m²
Building footprint
48 m²
Volume, LiDAR
538 m³
Parcel 57462D0112/00Y003, Wallonia · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HENAST
since 20172.266.028.678
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462D0112/00Y003 | Wallonia | 186 m² | 1 · 48 m² | 13.1 m · 4 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
2025 · 1 entry · 394 EUR awarded · 394 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 394 EUR | 394 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 33,467 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2017
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.