HENDA
ActiveHENDA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1k and a net result of €-14k. Equity is shrinking by ~30.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 15% of 442 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency10▼-15
Growth32=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.88 against 0.9 in 2024), and 97.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Sector 79
higher
← 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
2.4%
Return on assets
-25.7%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€14k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 442 sector peers (2025).
NBB · sector comparisonPosition among 442 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
20 d late
2023
1 d early
2022
1 d late
2021
2 d early
2020
on the day
2019
25 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1k▼ 91.4%
2024 · €15k
2019: €37k
2020: €60k
2021: €78k
2022: €76k
2023: €33k
2024: €15k
2019 → 2025
Total assets
€55k▼ 25.3%
2024 · €73k
2019: €127k
2020: €132k
2021: €134k
2022: €177k
2023: €82k
2024: €73k
2019 → 2025
Net result
€-14k▲ 19.6%
2024 · €-18k
2019: €7k
2020: €23k
2021: €21k
2022: €-2k
2023: €-43k
2024: €-18k
2019 → 2025
Working capital
€-4k▼ 30.9%
2024 · €-3k
2019: €51k
2020: €63k
2021: €62k
2022: €50k
2023: €17k
2024: €-3k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€76k▼ 2.7%€33k▼ 56.4%€15k▼ 53.2%€1k▼ 91.4%
Operating result€24k-€-1k€-42k▼ 3,796%€-17k▲ 59.5%€-14k▲ 19.6%
Net result€21k-€-2k€-43k▼ 1,899%€-18k▲ 58.8%€-14k▲ 19.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €17k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55k
Fixed assets
€27k▼ 42.3%
Current assets
€28k▲ 4.7%
Equity and liabilities €55k
Equity
€1k▼ 91.4%
Debt
€53k▼ 7.7%
The debt ratio rises from 79.0% to 97.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€6k▲
2024 · €1k
Cash flow
€6k▲
2024 · €662
Solvency
2.4%▼
2024 · 21.0%
Current ratio
0.88▼
2024 · 0.90
Quick ratio
0.21▼
2024 · 0.35
Debt / equity
40.47▲
2024 · 3.75
ROA
-25.7%▼
2024 · -23.9%
Interest coverage
11.69▲
2024 · 2.05
Debt
€53k▼
2024 · €58k
Debt ≤ 1 year
€32k▲
2024 · €30k
Debt > 1 year
€21k▼
2024 · €28k
A ratio outside any meaningful range has been withheld (balance sheet total €55k, equity €1k).
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€73k€55k▼
Fixed assets21/28€47k€27k▼
Tangible fixed assets22/27€47k€27k▼
Land and buildings22€4k€0▼
Plant, machinery and equipment23€34k€23k▼
Furniture and vehicles24€9k€4k▼
Current assets29/58€27k€28k▲
Stocks and contracts in progress3€16k€21k▲
Stocks30/36€16k€16k=
Contracts in progress37-€5k
Amounts receivable within one year40/41€3k€6k▲
Trade receivables40-€5k
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€8k€320▼
Equity and liabilities
Total equity and liabilities10/49€73k€55k▼
Equity10/15€15k€1k▼
Contributions10/11€19k€19k=
Reserves13€0-
Distributable reserves133€0-
Profit (loss) carried forward14€-3k€-17k▼
Amounts payable17/49€58k€53k▼
Amounts payable after more than one year17€28k€21k▼
Financial debts170/4€28k€21k▼
Amounts payable within one year42/48€30k€32k▲
Current portion of amounts payable after more than one year42€8k€7k▼
Trade debts44€1k€24▼
Suppliers440/4€1k€24▼
Taxes, remuneration and social security45-€2k
Remuneration and social security454/9-€2k
Other amounts payable47/48€20k€22k▲
Accrued charges and deferred income492/3-€630
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€20k▲
Other operating charges640/8€785€862▲
Gross operating margin9900€2k€7k▲
Operating profit (loss)9901€-17k€-14k▲
Financial income75/76B€2€24▲
Recurring financial income75€2€24▲
Financial charges65/66B€629€530▼
Recurring financial charges65€629€530▼
Profit (loss) for the period before taxes9903€-18k€-14k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-18k€-14k▲
Profit (loss) for the period to be appropriated9905€-18k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-17k▲
Profit (loss) brought forward from the previous period14P€0€-3k▼
Transfer from equity791/2€14k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (13 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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
29-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €23k ▲226%
Operating result €27k, net result €23k, both a record.
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
24-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 24 days late
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Wervik · 1 establishment unit since 2010
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.
Kruisekestraat 888940 WervikGround area
747 m²
Building footprint
686 m²
Volume, LiDAR
3,559 m³
Parcel 33029E0577/00S000, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HENDA
since 20102.189.676.614
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029E0577/00S000 | Flanders | 746 m² | 1 · 686 m² | 12.6 m · 2 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
2022 · 1 entry · 242 EUR awarded · 242 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 242 EUR | 242 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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ZILIKA
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Of 1,430 companies in sector 79110 we hold annual accounts for 874. 65 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2010
Fiscal year end30-06
Activities, NACEBEL
79110Travel agency activities
43341Painting of buildings
79120Travel agency, tour operator and other reservation service and related activities
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.