HENCORP

Active

Public limited companyfounded 1987active for 38 yearsRue du Pont 10, 6660 Houffalize, BelgiumKBO/BCE: BE 0432.574.270

From the official registers: KBO 38 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

HENCORP has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €556,007 and a net result of -€96,822. Equity is growing by about 5.7% per year across the filed financial years. Its solvency ranks better than 37% of 513 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow Report Compare

HENCORPActiveChecked score 68/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 10-11-1987 Normal situation
Legal form: Public limited company
Registered office: Rue du Pont 10, 6660 Houffalize
Activity: Hotels and similar accommodation NACE 55100
Establishment unit: 2.031.748.835 6660 Houffalize, since 04-12-1987
Financial year end: 31 December
Peppol: Reachable since 29-07-2025

Company details

Who decides

Board

Hospitality BelgiumManaging director · permanent representative Thierry Vermeiren
HYGEIA PROJECTSDirector · since 16-10-2023 · permanent representative Michel Vanstallen

Shareholders

B.A.A.A.T. CORPORATION100%annual accounts 30-06-2024

Board & ownership

How it is doing

68 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.7%

Annual accounts 2025

Gross margin: €1.1m; ▲ 42.1%
Turnover: ≈ €1.8m; estimated
Loss: €96,822; ▼ 66.6%
Equity: €556,007; ▼ 14.8%
Total assets: €2.8m; ▲ 26.0%
Staff: 20.6 FTE; ▼ 5.1%

2025 accounts 7 days early

Filed on 24-07-2026at the National Bank

Financials

Why 68raises riskSize: 20.6 FTE, total assets €2.8mEquity €556,007 (20.0% of total assets)Liquidity: current ratio 1.00, cash €72,582Loss of €96,822, the second in a row (financial year 2025)Show the evidence

Checked score

Score 2025

68 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 30% of its sector peers (NACE 55, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 45-10

equity 20.0% of total assets

Liquidity 36-11

short-term debt 38.1% · cash 2.6%

Profitability 33+31

return on assets -3.5%

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (579 companies, NACE 55, small)

Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025 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: 0.9%▲ +0.9 percentage points vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026highest value 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 0.7%▼ -0.2 percentage points vs 07-2026 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026

Credit of up to €35,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 1.0, compared with 1.34 in 2024, below 1; short-term debt: 38.1% and cash: 2.6% of total assets), and 80% 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 (NACE 55, small): better than 41% on solvency, 25% on liquidity, 30% on profitability and 23% on growth.

The bankruptcy probability was computed on 31-10-2026 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

Six signals.

raises riskneutral

Size: 20.6 FTE, total assets €2.8m

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Equity €556,007 (20.0% of total assets)

NBB · annual accounts

Liquidity: current ratio 1.00, cash €72,582

NBB · annual accounts

Loss of €96,822, the second in a row (financial year 2025)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€96,822

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

7 days early

2024

1 day early

2023

33 days early

2022

28 days early

2021

11 days early

2020

27 days late

2019

1 day 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 8 days before the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)

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 20 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

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Risk: 3 loss-making years in a rowloss financial year 2025 -€96,822 View
Positive: 2nd largest company by total assets in Houffalize, Accommodation and food service…in the Checked rankings No. 2 View
Positive: Result rose in 2025from -€289,580 to -€96,822 ▲ 66.6% View
Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

Documents

Key facts about HENCORP

What is the company number of HENCORP?: 0432.574.270. In Belgium the VAT number is the company number with BE in front: BE 0432.574.270.
Where is HENCORP based?: The registered office is at Rue du Pont 10, 6660 Houffalize.Company details
What does HENCORP do?: According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
What is the legal form of HENCORP?: Public limited company (NV).
When was HENCORP founded?: On 10-11-1987.
Is HENCORP still active?: Yes, HENCORP is an active enterprise in the KBO register.
How many employees does HENCORP have?: On average 20.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HENCORP?: ≈ €1.8m in financial year 2025. Estimated from the gross margin of €1.1m: probably between €1.2m and €3.0m, based on 1,587 comparable companies of the same size. A rough estimate.
Is HENCORP profitable?: In financial year 2025, HENCORP made a loss of €96,822.
Where can I find the annual accounts of HENCORP?: HENCORP filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of HENCORP due?: By 31-07-2027, for financial year 2026.Timeline