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HENGRO

Active
Private limited companyfounded 20251 yr activeLentedreef 49, 8930 Menen, BelgiumKBO/BCE: BE 1025.798.754
Summary

The computed 12-month bankruptcy probability of HENGRO is 2.6% (moderate). The 2025 annual accounts show negative equity (-€10,725) and a net result of -€15,725. Its solvency ranks better than 8% of 28281 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency14
Growth-
Track record67
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82; short-term debt: 111% and cash: 3% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-11%
Return on assets
-16.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 July 2025, HENGRO was incorporated as a Private limited company.1 In 2026 the registered office moved to Rekkem.2 The company has filed annual accounts once, for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 10-09-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€10,725
Total assets
€97,409
Net result
-€15,725
Working capital
-€19,992

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €97,409
Fixed assets €9,268
Current assets €88,141
Key figures and ratios
2025 value
EBITDA
-€15,397
Cash flow
-€15,485
Solvency
-11.0%
Current ratio
0.82
Debt to equity
-10.08
ROA
-16.1%
Interest coverage
-175.29
Debt
€108,134
Debt ≤ 1 year
€108,134
Staff costs
€25,658

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
5.5% stopped otherwise
90% still going

For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,322 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
Filed annual accounts As filed with the NBB · 2025 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€97,409
Fixed assets21/28€9,268
Tangible fixed assets22/27€7,518
Plant, machinery and equipment23€7,518
Financial fixed assets28€1,750
Current assets29/58€88,141
Amounts receivable within one year40/41€57,254
Trade receivables40€37,782
Other amounts receivable41€19,473
Cash at bank and in hand54/58€2,895
Deferred charges and accrued income490/1€27,992
Equity and liabilities
Total equity and liabilities10/49€97,409
Equity10/15-€10,725
Contributions10/11€5,000
Profit (loss) carried forward14-€15,725
Amounts payable17/49€108,134
Amounts payable within one year42/48€108,134
Trade debts44€101,409
Suppliers440/4€83,169
Bills of exchange payable441€18,240
Taxes, remuneration and social security45€5,433
Taxes450/3€900
Remuneration and social security454/9€4,533
Other amounts payable47/48€1,292
Income statement Code2025
Remuneration, social security and pensions62€25,658
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€239
Other operating charges640/8€615
Non-recurring operating charges66A€119
Gross operating margin9900€10,994
Operating profit (loss)9901-€15,637
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€88
Recurring financial charges65€88
Profit (loss) for the period before taxes9903-€15,725
Profit (loss) for the period9904-€15,725
Profit (loss) for the period to be appropriated9905-€15,725
Appropriation of the result
Profit (loss) to be appropriated9906-€15,725

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€25,658
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€239
Other operating charges640/8€615
Non-recurring operating charges66A€119
Gross operating margin9900€10,994
Operating profit (loss)9901-€15,637
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€88
Recurring financial charges65€88
Profit (loss) for the period before taxes9903-€15,725
Profit (loss) for the period9904-€15,725
Profit (loss) for the period to be appropriated9905-€15,725
Line2025
Assets
Total assets20/58€97,409
Fixed assets21/28€9,268
Tangible fixed assets22/27€7,518
Plant, machinery and equipment23€7,518
Financial fixed assets28€1,750
Current assets29/58€88,141
Amounts receivable within one year40/41€57,254
Trade receivables40€37,782
Other amounts receivable41€19,473
Cash at bank and in hand54/58€2,895
Deferred charges and accrued income490/1€27,992
Equity and liabilities
Total equity and liabilities10/49€97,409
Equity10/15-€10,725
Contributions10/11€5,000
Profit (loss) carried forward14-€15,725
Amounts payable17/49€108,134
Amounts payable within one year42/48€108,134
Trade debts44€101,409
Suppliers440/4€83,169
Bills of exchange payable441€18,240
Taxes, remuneration and social security45€5,433
Taxes450/3€900
Remuneration and social security454/9€4,533
Other amounts payable47/48€1,292
Line2025
Profit (loss) for the period9904-€15,725
+ Depreciation and write-downs630€239
Operating cash flow (approximation)-€15,485

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
10-09
State Gazette act General meeting · Shareholding
Declaration · Registered-office move4 facts ▸
  • General meeting, 05-06-2026
  • Shareholding, 05-06-2026, 100
  • Declaration, no registered bondholders or certificate holders
  • Registered-office move, Lentedreef, 49 te 8930 REKKEM
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Menen · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
978 m²
Building footprint
130 m²
Volume, LiDAR
492 m³
Parcel 34032B0043/00S002, Flanders · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
HENGRO
Lentedreef 49, 8930 MenenSite preparation
since 20252.376.740.223
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34032B0043/00S002 Flanders 978 m² 1 · 130 m² 5.6 m · 1 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.

Structure & network

Connections & network

No current directors or connected companies found in the register.

Capital and shareholders

Shareholders according to the acts
Stated in the act act of 10-09-2026 ↗
  • HEREMANS Hendrick 100 shares

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 8,465 companies in sector 43120 we hold annual accounts for 3,233. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded23-07-2025
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43120Site preparation
43230Insulation installation
43910Bricklaying and masonry work
63920Other information service activities
81300Landscape service activities
Contact
E-mail herehen@hotmail.com
Phone +32472735963
E-invoicing
Reachable via Peppol
Peppol ID 0208:1025798754
Registered 06-08-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.