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HENCO INDUSTRIES

Active
Public limited companyfounded 1991active for 35 yearsToekomstlaan(HRT) 27, 2200 Herentals, BelgiumKBO/BCE: BE 0443.598.222
Summary

HENCO INDUSTRIES has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62.8m and a net result of €11.2m. Equity is growing by about 4.4% per year across the filed financial years. Its solvency ranks better than 68% of 229 sector peers (NACE 22, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

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HENCO INDUSTRIESActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of rubber and plastic products
NACE 22210Manufacture of fabricated metal products, except machinery and equipment NACE 25210
Largest employer in Herentals, Manufacturing sector1 site
Size
€116.9mturnover 2025
Staff
254.8 FTE
Equity
€62.8m
Profit
€11.2m
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
Aalberts N.V.
Holdings
2
Auditor: Ernst et Young Reviseurs d'Entreprises2025 accounts 31 days early
Why 96lowers riskFounded in 1991Size: turnover €116.9m, 254.8 FTE, total assets €94.4mEquity €62.8m (66.5% of total assets)Liquidity: current ratio 1.66, cash €11.0mShow the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 72% of its sector peers (all companies)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 92-1
equity 66.5% of total assets
Liquidity 50+2
short-term debt 33.3% · cash 11.7%
Profitability 89-3
return on assets 11.9%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (17 companies, NACE 22, large)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026highest value 07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €6,000,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.66, compared with 1.62 in 2024, above the usual 1.5; short-term debt: 33.3% and cash: 11.7% of total assets), and 33.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (all companies): better than 79% on solvency, 65% on liquidity, 94% on profitability and 49% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 1991
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €116.9m, 254.8 FTE, total assets €94.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €62.8m (66.5% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.66, cash €11.0m
NBB · annual accounts
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 filings
Deviation from the deadline
2025
31 days early
2024
21 days early
2023
27 days early
2022
18 days early
2021
34 days early
2020
37 days early
2019
22 days early
← 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 27 days before the deadline; the sector median (NACE 22) for financial year 2024 is 14 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Reappointment: Wim Verhoeven (director)Power of attorney
  3. Appointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Simpelaere Filip

Key points

  • Positive: Largest employer in Herentals, Manufacturing sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €11.2m 8 years View
  • Controlled by Aalberts N.V.the company in turn controls 2 companies parent View
  • Flemish supportawarded from 2022 to 2025 €420,274 View

By topic

Financials

Financial year
2025
Turnover
€116.9m
Profit
€11.2m
Solvency
66.5%
Turnover▼ 4.2%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
Aalberts N.V.
Auditor
Ernst et Young Reviseurs…
  • Wim VerhoevenDirector
  • Leendert Frans DEN HOUTERDirector
Go to Board & ownership

Network & group

Subsidiaries
2
Connected companies
3
Mergers and asset contributions
1

2 subsidiaries

Go to Network & group

Timeline

Events
60
Since
1992
Next accounts
by 31-07-2027
  1. 10-07-2025Annual accounts filed
  2. 22-05-2025Resignation: Arno Monincx (director)
  3. 31-01-2025Reappointment: Deloitte Bedrijfsrevisoren (statutory auditor)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of rubber and plastic productsNACE 22210
Founded
12-03-1991
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about HENCO INDUSTRIES

What is the company number of HENCO INDUSTRIES?
0443.598.222. In Belgium the VAT number is the company number with BE in front: BE 0443.598.222.
Where is HENCO INDUSTRIES based?
The registered office is at Toekomstlaan(HRT) 27, 2200 Herentals.Company details
What does HENCO INDUSTRIES do?
According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22210).
What is the legal form of HENCO INDUSTRIES?
Public limited company (NV).
When was HENCO INDUSTRIES founded?
On 12-03-1991.
Is HENCO INDUSTRIES still active?
Yes, HENCO INDUSTRIES is an active enterprise in the KBO register.
How many employees does HENCO INDUSTRIES have?
On average 254.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HENCO INDUSTRIES?
€116.9m in financial year 2025, according to the filed annual accounts.
Is HENCO INDUSTRIES profitable?
In financial year 2025, HENCO INDUSTRIES made a profit of €11.2m.
Where can I find the annual accounts of HENCO INDUSTRIES?
HENCO INDUSTRIES filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HENCO INDUSTRIES due?
By 31-07-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?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 What support did similar companies receive that this one did not?Subsidies

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