Equity
€283,466 ▲ 13.4%
HENOVA has made a profit without a break since 2016.
HENOVA
Lifetime
15 annual accounts with figures on one time axispeak €166,515 (2020)
€69,342▲ 58.8%
lowest -€1,500 (2015)
€33,574▲ 111%
peak €283,466 (2025)
€283,466▲ 13.4%
€782,369▼ 4.6%
peak 1.2 FTE (2013)
-not published
Board4 names since 2020
3 directors4m GROUP and 2 others
Owners4 names in the annual accounts
40%4m GROUP and 2 others
Documentsfilings and deeds
27-07-20264 days before the deadline
2025abbreviated format
Gross margin from €43,667 to €69,342Result from €15,927 to €33,574Equity from €249,891 to €283,466Investments €2,210
Key points
from the 2025 annual accountsDebts
€782,369 73% of the balance sheet
Suppliers 5%Taxes and wages 2%Other 92%
Investments
€2,210 11.1 × depreciation
Green is investment, beige is depreciation.
Checked score
93
Excellent
Financially stronger than 42% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
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: 0.2%▲ +0.1 percentage points vs 06-2025highest value
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 05-2026
07-2026: 0.1%● unchanged 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
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.75, cash €10,384
lowers risk
Size: total assets €1.1m
Figures for financial year 2025 (filed on 27-07-2026)
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 46% of them on solvency, 12% on liquidity, 41% on profitability and 70% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as HENOVA has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HENOVA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for HENOVA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.75 (0.73 in 2024), below 1. Short-term debt is 73.4% and cash 1% of total assets. 73.4% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
21 days early
2023
28 days late
2022
on the day
2021
18 days early
2020
25 days early
2019
3 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 27 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- 4m GROUP 40%equity €2.9m (2025) · 2025 annual accounts of 4m GROUP
- P3 INVEST 25%score 92equity €977,943 (2025) · 2025 annual accounts of P3 INVEST
- JGMM 20%score 92equity €180,223 (2025) · 2025 annual accounts of JGMM
Shares in 1 company, LES RECOLLECTINES
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0831965040
New managing director
SRL 4M GROUP appointed, SA IMMO 2020 resigned · Permanent representatives: Emilio Petta, Mathieu Mannesberg and Dominique Maréchal · General meeting of 21-09-2020 · Gazette deed
First establishment
Rue des Meuneries 10, Herve
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HENOVA Herve | €1.1m | €69,342 | 26.6% | - |
| N&A IMMO Donceel | €0.9m | €71,871 | 35.5% | - |
| J-L INVEST Visé | €1.0m | €56,005 | 78.1% | - |
| POLYGON INVEST Genk | €1.1m | €74,644 | 10.7% | - |
| HAESAERT T. Lievegem | €0.9m | €59,952 | 54.8% | - |
| Dirk Hendrickx Management Consulting Hasselt | €1.1m | €84,550 | 37.1% | - |
| SNM Sint-Gillis-Waas | €1.2m | €61,235 | 26.7% | - |
These companies have the same main activity as HENOVA: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €892,000 and €1.2m, founded between 2011 and 2012.
Official details
Source: KBO- Status
- Active since 16-12-2010Normal situation
- Registered office
- 36 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Real estate agency activitiesNACE 68310and 3 others
- Establishment unit
- 2.195.878.7734650 Herve, since 15-02-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 03-11-2025
Annual accounts 2025
- ≈ €150,000estimated
- €1.1m▼ 0.4%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Companies linked to HENOVA
Shareholders
- IMMO 2020 SA15%
Insights on HENOVA
HENOVA files the abbreviated format. That format states no turnover. The gross margin rose from €65,087 in 2011 to €69,342 in 2025.
In January 2024, the Official Gazette published the appointment of JGMM as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HENOVA
- What is the company number of HENOVA?
- The company number of HENOVA is 0831.965.040. The VAT number is the same number with BE in front: BE 0831.965.040.
- Where is HENOVA based?
- The registered office is at Rue des Meuneries 10, 4650 Herve.Company details
- What does HENOVA do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of HENOVA?
- HENOVA is a public limited company (NV).
- When was HENOVA founded?
- HENOVA was founded on 16-12-2010.
- Is HENOVA still active?
- Yes, HENOVA is an active enterprise in the KBO register.
- How many employees does HENOVA have?
- HENOVA had an average of 0.5 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of HENOVA?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €69,342 and 32 comparable companies (NACE 683). It probably lies between €95,000 and €200,000.
- Is HENOVA profitable?
- In financial year 2025, HENOVA made a profit of €33,574.
- Where can I find the annual accounts of HENOVA?
- HENOVA filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HENOVA due?
- HENOVA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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