HenCorp
ActiveSummary
The annual accounts of HenCorp for fiscal year 2024 show a net loss of 85% of the equity at the start of that year. The 2024 annual accounts show equity of €1,903 and a net result of -€10,789. Equity is shrinking by ~48% per year across the filed fiscal years. Its solvency ranks better than 10% of 11620 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability23▲+16
Solvency26▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.42 against 0.68 in 2023; short-term debt: 25.4% and cash: 1.3% of total assets), and 99.4% of the assets are financed with debt.
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Signals
Six 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
0.6%
Return on assets
-3.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year -€10,789
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 11620 sector peers (2024).
NBB · sector comparisonPosition among 11620 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
26 d late
2022
61 d early
2021
61 d early
2020
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€1,903▼ 85.0%
2023 · €12,693
Total assets
€313,011▲ 5.9%
2023 · €295,548
Net result
-€10,789▲ 59.5%
2023 · -€26,619
Working capital
-€46,341▼ 57.3%
2023 · -€29,461
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20202021202220232024
Operating result€36,306-€24,296▼ 33.1%-€5,363-€25,269▼ 371%€4,860
Net result€28,482within the sector's middle half-€18,593within the sector's middle half▼ 34.7%-€6,613below the sector's middle half-€26,619below the sector's middle half▼ 303%-€10,789below the sector's middle half▲ 59.5%
Equity€27,332within the sector's middle half-€45,925within the sector's middle half▲ 68.0%€39,312within the sector's middle half▼ 14.4%€12,693below the sector's middle half▼ 67.7%€1,903below the sector's middle half▼ 85.0%
Total assets€49,056below the sector's middle half-€63,862below the sector's middle half▲ 30.2%€64,042below the sector's middle half▲ 0.3%€295,548within the sector's middle half▲ 361%€313,011within the sector's middle half▲ 5.9%
Debt€21,724-€17,937▼ 17.4%€24,730▲ 37.9%€282,855▲ 1,044%€311,108▲ 10.0%
Working capital€25,710within the sector's middle half-€40,017within the sector's middle half▲ 55.6%€33,279within the sector's middle half▼ 16.8%-€29,461below the sector's middle half-€46,341below the sector's middle half▼ 57.3%
Solvency55.7%within the sector's middle half-71.9%within the sector's middle half▲ 16.2pp61.4%within the sector's middle half▼ 10.5pp4.3%below the sector's middle half▼ 57.1pp0.6%below the sector's middle half▼ 3.7pp
Current ratio2.18within the sector's middle half-3.23within the sector's middle half▲ 1.052.35within the sector's middle half▼ 0.890.68below the sector's middle half▼ 1.670.42below the sector's middle half▼ 0.26
Return on assets (ROA)58.1%above the sector's middle half-29.1%above the sector's middle half▼ 28.9pp-10.3%below the sector's middle half▼ 39.4pp-9.0%below the sector's middle half▲ 1.3pp-3.4%below the sector's middle half▲ 5.6pp
Staff (FTE)1.81.8=1.8=
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4,860 after a loss of €25,269 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €313,011
Fixed assets
€279,944 ▲ 20.3%
Current assets
€33,067 ▼ 47.3%
Equity and liabilities €313,011
Equity
€1,903 ▼ 85.0%
Debt
€311,108 ▲ 10.0%
Debt's share of the balance-sheet total rises from 95.7% to 99.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16,168▲
2023 · -€20,216
Cash flow
€518▲
2023 · -€21,566
ROE
-566.8%▼
2023 · -209.7%
Interest coverage
1.05▲
2023 · -18.80
Debt ≤ 1 year
€79,408▼
2023 · €92,227
Debt > 1 year
€231,700▲
2023 · €190,628
Income taxes
€285▲
2023 · €276
Staff costs
€133,001▲
2023 · €104,583
A ratio outside any meaningful range has been withheld (balance sheet total €313,011, equity €1,903).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
3.9%
went bankrupt
3.3%
stopped otherwise
92%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% 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 849 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €94,521 | €104,583 | €133,001 | ▲ 27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,615 | €2,030 | €4,020 | €5,053 | €11,308 | ▲ 124% |
| Other operating charges640/8 | - | €1,199 | €506 | €1,437 | €2,506 | ▲ 74.3% |
| Gross operating margin9900 | €38,221 | €27,525 | €93,684 | €85,805 | €151,674 | ▲ 76.8% |
| Operating profit (loss)9901 | €36,306 | €24,296 | -€5,363 | -€25,269 | €4,860 | ▲ 119% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | €11 | - | - | - | €0 | - |
| Financial charges65/66B | - | €671 | €930 | €1,075 | €15,365 | ▲ 1,329% |
| Recurring financial charges65 | €107 | €671 | €930 | €1,075 | €15,365 | ▲ 1,329% |
| Profit (loss) for the period before taxes9903 | €36,210 | €23,625 | -€6,292 | -€26,344 | -€10,504 | ▲ 60.1% |
| Income taxes67/77 | €7,728 | €5,032 | €321 | €276 | €285 | ▲ 3.3% |
| Profit (loss) for the period9904 | €28,482 | €18,593 | -€6,613 | -€26,619 | -€10,789 | ▲ 59.5% |
| Profit (loss) for the period to be appropriated9905 | €28,482 | €18,593 | -€6,613 | -€26,619 | -€10,789 | ▲ 59.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,056 | €63,862 | €64,042 | €295,548 | €313,011 | ▲ 5.9% |
| Fixed assets21/28 | €1,622 | €5,908 | €6,033 | €232,781 | €279,944 | ▲ 20.3% |
| Tangible fixed assets22/27 | €1,622 | €5,908 | €6,033 | €232,781 | €279,944 | ▲ 20.3% |
| Land and buildings22 | - | - | - | €229,641 | €278,535 | ▲ 21.3% |
| Plant, machinery and equipment23 | - | €5,908 | €6,033 | €3,140 | €1,409 | ▼ 55.1% |
| Current assets29/58 | €47,435 | €57,953 | €58,009 | €62,767 | €33,067 | ▼ 47.3% |
| Amounts receivable within one year40/41 | €24,385 | €12,977 | €20,092 | €59,504 | €23,438 | ▼ 60.6% |
| Trade receivables40 | - | €12,977 | €20,082 | €59,504 | €4,476 | ▼ 92.5% |
| Other amounts receivable41 | - | - | €10 | - | €18,962 | - |
| Cash at bank and in hand54/58 | €23,003 | €44,427 | €35,709 | €1,606 | €4,045 | ▲ 152% |
| Deferred charges and accrued income490/1 | - | €549 | €2,208 | €1,657 | €5,585 | ▲ 237% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,056 | €63,862 | €64,042 | €295,548 | €313,011 | ▲ 5.9% |
| Equity10/15 | €27,332 | €45,925 | €39,312 | €12,693 | €1,903 | ▼ 85.0% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €21,332 | €39,925 | €33,312 | €6,693 | - | - |
| Distributable reserves133 | - | €39,925 | €33,312 | €6,693 | - | - |
| Profit (loss) carried forward14 | - | - | - | - | -€4,097 | - |
| Amounts payable17/49 | €21,724 | €17,937 | €24,730 | €282,855 | €311,108 | ▲ 10.0% |
| Amounts payable after more than one year17 | - | - | - | €190,628 | €231,700 | ▲ 21.5% |
| Financial debts170/4 | - | - | - | €190,628 | €231,700 | ▲ 21.5% |
| Amounts payable within one year42/48 | €21,724 | €17,937 | €24,730 | €92,227 | €79,408 | ▼ 13.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23,421 | €25,333 | ▲ 8.2% |
| Trade debts44 | €1,577 | €1,945 | €1,849 | €1,186 | €1,571 | ▲ 32.5% |
| Suppliers440/4 | - | €1,945 | €1,849 | €1,186 | €1,571 | ▲ 32.5% |
| Taxes, remuneration and social security45 | - | €13,461 | €20,267 | €26,586 | €24,421 | ▼ 8.1% |
| Taxes450/3 | - | €13,461 | €7,075 | €12,446 | €16,620 | ▲ 33.5% |
| Remuneration and social security454/9 | - | - | €13,192 | €14,140 | €7,801 | ▼ 44.8% |
| Other amounts payable47/48 | - | €2,530 | €2,614 | €41,035 | €28,083 | ▼ 31.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,482 | €18,593 | -€6,613 | -€26,619 | -€10,789 | ▲ 59.5% |
| + Depreciation and write-downs630 | €1,615 | €2,030 | €4,020 | €5,053 | €11,308 | ▲ 124% |
| Operating cash flow (approximation) | €30,097 | €20,623 | -€2,593 | -€21,566 | €518 | ▲ 102% |
| Investment in fixed assets (approximation) | - | -€6,317 | -€4,144 | -€231,801 | -€58,470 | ▲ 74.8% |
| Change in cash | - | €21,423 | -€8,718 | -€34,103 | €2,439 | ▲ 107% |
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet -€26,619
Net result drops to -€26,619, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mortsel · 1 establishment unit since 2019
Ground area
183 m²
Building footprint
74 m²
Volume, LiDAR
526 m³
Parcel 11513C0131/00M000, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HenCorp
since 20192.293.765.730
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0131/00M000 | Flanders | 183 m² | 1 · 74 m² | 10.6 m · 3 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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 928 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
Founded23-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
74999Other professional, scientific and technical activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734730161
Also
9925:BE0734730161
Registered
08-04-2024
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.