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Hens Constructs

Active
Private limited companyfounded 1993active for 33 yearsNonnenstraat 103, 2560 Nijlen, BelgiumKBO/BCE: BE 0450.832.640

Financials · financial year 2026, micro format

Annual accounts 2026 filed on 29-10-2026 at the NBB all 31 filings

Turnover
≈ €240,000
Estimated: probably between €190,000 and €300,000
Total assets
€441,308▲ 13.4%
2025 · €389,305
Net result
€29,127▲ 181%
2025 · €10,372
Working capital
€116,379
2025 · -€155,847
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result for 2026 is 112% higher than in 2025 and the highest since 2022. It is the fourth rise in a row.

Operating result€37,137 2026 Net result€29,127 2026

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€7,182-€10,082▲ 40.4%€9,278▼ 8.0%-€22,522-€4,960▲ 78.0%€8,512€17,479▲ 105%€37,137▲ 112%
Net result€2,737-€5,527▲ 102%€2,692within the sector's middle half▼ 51.3%-€30,543below the sector's middle half-€13,016below the sector's middle half▲ 57.4%€4,014within the sector's middle half€10,372within the sector's middle half▲ 158%€29,127▲ 181%
Equity€14,190-€19,717▲ 39.0%€22,409within the sector's middle half▲ 13.7%-€8,134below the sector's middle half-€21,150below the sector's middle half▼ 160%-€17,136below the sector's middle half▲ 19.0%-€6,763below the sector's middle half▲ 60.5%€22,363
Total assets€486,173-€354,644▼ 27.1%€427,051above the sector's middle half▲ 20.4%€453,050below the sector's middle half▲ 6.1%€374,513below the sector's middle half▼ 17.3%€290,726below the sector's middle half▼ 22.4%€389,305within the sector's middle half▲ 33.9%€441,308▲ 13.4%
Debt€471,983-€327,427▼ 30.6%€397,143▲ 21.3%€453,684▲ 14.2%€388,162▼ 14.4%€300,361▼ 22.6%€388,568▲ 29.4%€411,445▲ 5.9%
Working capital-€110,786--€75,459▲ 31.9%-€85,077below the sector's middle half▼ 12.7%-€126,300below the sector's middle half▼ 48.5%-€151,655below the sector's middle half▼ 20.1%-€153,298below the sector's middle half▼ 1.1%-€155,847below the sector's middle half▼ 1.7%€116,379
Solvency2.9%-5.6%▲ 2.6pp5.2%below the sector's middle half▼ 0.3pp-1.8%below the sector's middle half▼ 7.0pp-5.6%below the sector's middle half▼ 3.9pp-5.9%below the sector's middle half▼ 0.2pp-1.7%below the sector's middle half▲ 4.2pp5.1%▲ 6.8pp
Current ratio0.69-0.58▼ 0.120.60below the sector's middle half▲ 0.030.57below the sector's middle half▼ 0.030.40below the sector's middle half▼ 0.160.18below the sector's middle half▼ 0.220.48below the sector's middle half▲ 0.302.49▲ 2.01
Return on assets (ROA)0.6%-1.6%▲ 1.0pp0.6%within the sector's middle half▼ 0.9pp-6.7%below the sector's middle half▼ 7.4pp-3.5%below the sector's middle half▲ 3.3pp1.4%within the sector's middle half▲ 4.9pp2.7%within the sector's middle half▲ 1.3pp6.6%▲ 3.9pp
Staff (FTE)4.6-4.2▼ 8.7%4.3▲ 2.4%2.9below the sector's middle half▼ 32.6%0.6below the sector's middle half▼ 79.3%0.3
above within below The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €441,308
Fixed assets €246,952 ▲ 0.4%
Current assets €194,356 ▲ 35.5%
Equity and liabilities €441,308
Equity €22,363
Provisions €7,500
Debt €411,445
Debt's share of the balance-sheet total is 93.2%.
Key figures and ratios
2026 value · change against 2025
EBITDA
€53,585▲
2025 · €32,785
Cash flow
€45,574▲
2025 · €25,678
Quick ratio
1.51▲
2025 · 0.17
Debt to equity
18.40
ROE
130.2%
Interest coverage
6.94▲
2025 · 3.48
Debt ≤ 1 year
€77,977▼
2025 · €299,252
Debt > 1 year
€333,468▲
2025 · €88,712
Income taxes
€340▲
2025 · €182
Staff costs
€14,801
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-03-202231-03-202331-03-202431-03-2026
Employees at the balance-sheet date2--1
full-time2--1
in full-time equivalents2--1
Average over the year, in full-time equivalents2.90.6-0.3
On a permanent contract2--1
Joined00-1
Left32-0

Source: social balance sheet in the 2022 to 2026 annual accounts

Investments

fixed assets acquired
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
Tangible fixed assets€3,460--€3,923€17,500
Depreciation and write-downs of the year€15,084€15,102€15,102€15,306€16,448

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as Hens Constructs: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €404,000 and €530,000, founded between 1992 and 1995.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Hens Constructs Nijlen1993€441,308€22,363€69,480€29,1272026
Transport Jan Van De Vreken Puurs-Sint-Amands1992€529,833€502,567€67,652€50,9802026
V.D.B. - TRANS Essen1995€452,805€430,936€54,218€27,0402025
VERDOTRANS Oud-Turnhout1994€405,332€174,663€90,731€36,2982025
DENNEVEN Lommel1995€403,708€244,121€73,170€5,9352025
FREDERIC'S Waimes1992€500,633€163,896€74,984€3312025
DE SMET Berlare1994€409,912€243,465€80,612€20,6852025

They were chosen from the 7,773 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 931 companies had the same profile as Hens Constructs has now. Two years later, 1.9% had gone bankrupt and 93.2% were still going.

  • Micro
  • 20 years or older
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.9% went bankrupt
4.5% stopped otherwise
93.2% was still going

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Hens Constructs itself: 1.6% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the 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% 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 931 companies, not a prediction for Hens Constructs. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 57 lines

Source: Annual accounts 2026 at the NBB, filed on 29-10-2026.

Balance sheet Code20252026
Assets
Total assets20/58€389,305€441,308▲
Fixed assets21/28€245,899€246,952▲
Tangible fixed assets22/27€245,899€246,952▲
Land and buildings22€217,491€211,600▼
Plant, machinery and equipment23€913€389▼
Furniture and vehicles24€4,515€19,839▲
Leasing and similar rights25€22,981€15,123▼
Current assets29/58€143,405€194,356▲
Stocks and contracts in progress3€92,184€76,759▼
Stocks30/36€92,184€76,759▼
Amounts receivable within one year40/41€45,742€112,504▲
Trade receivables40€45,570€19,575▼
Other amounts receivable41€172€92,929▲
Cash at bank and in hand54/58€1,565€1,183▼
Deferred charges and accrued income490/1€3,914€3,910▼
Equity and liabilities
Total equity and liabilities10/49€389,305€441,308▲
Equity10/15-€6,763€22,363▲
Contributions10/11€18,600€18,600=
Reserves13€1,860€3,763▲
Distributable reserves133€1,860€3,763▲
Profit (loss) carried forward14-€27,223-
Provisions and deferred taxes16€7,500€7,500=
Provisions for liabilities and charges160/5€7,500€7,500=
Other liabilities and charges164/5€7,500€7,500=
Amounts payable17/49€388,568€411,445▲
Amounts payable after more than one year17€88,712€333,468▲
Financial debts170/4€88,712€64,968▼
Other amounts payable178/9-€268,500
Amounts payable within one year42/48€299,252€77,977▼
Current portion of amounts payable after more than one year42€23,131€23,736▲
Financial debts43€14,245€27,616▲
Credit institutions430/8€14,245€27,616▲
Trade debts44€9,863€19,312▲
Suppliers440/4€9,863€19,312▲
Taxes, remuneration and social security45€182€4,758▲
Taxes450/3€182€1,346▲
Remuneration and social security454/9-€3,412
Other amounts payable47/48€251,832€2,555▼
Accrued charges and deferred income492/3€604-
Income statement Code20252026
Remuneration, social security and pensions62-€14,801
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,306€16,448▲
Other operating charges640/8€935€1,094▲
Gross operating margin9900€33,720€69,480▲
Operating profit (loss)9901€17,479€37,137▲
Financial income75/76B€2,504€53▼
Recurring financial income75€4€53▲
Non-recurring financial income76B€2,500-
Financial charges65/66B€9,428€7,723▼
Recurring financial charges65€9,428€7,723▼
Profit (loss) for the period before taxes9903€10,554€29,467▲
Income taxes67/77€182€340▲
Profit (loss) for the period9904€10,372€29,127▲
Profit (loss) for the period to be appropriated9905€10,372€29,127▲
Appropriation of the result
Profit (loss) to be appropriated9906-€27,223€1,903▲
Profit (loss) brought forward from the previous period14P-€37,596-€27,223▲
Transfer to equity691/2-€1,903
To other reserves6921-€1,903

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20192020202120222023202420252026Change
Remuneration, social security and pensions62---€128,480€31,147-€3,116-€14,801-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,997€11,805€9,614€15,084€15,102€15,102€15,306€16,448▲ 7.5%
Other operating charges640/8---€1,113€728€894€935€1,094▲ 17.0%
Gross operating margin9900€252,451€219,291€213,495€122,155€42,017€21,393€33,720€69,480▲ 106%
Operating profit (loss)9901€7,182€10,082€9,278-€22,522-€4,960€8,512€17,479€37,137▲ 112%
Financial income75/76B---€0€3€5,000€2,504€53▼ 97.9%
Recurring financial income75€25€28€1€0€3€5,000€4€53▲ 14×
Non-recurring financial income76B-----€5,000€2,500--
Financial charges65/66B---€8,021€8,059€9,498€9,428€7,723▼ 18.1%
Recurring financial charges65€3,694€4,997€6,587€8,021€8,059€9,498€9,428€7,723▼ 18.1%
Profit (loss) for the period before taxes9903€3,513€5,113€2,692-€30,543-€13,016€4,014€10,554€29,467▲ 179%
Income taxes67/77€776-€415----€182€340▲ 87.0%
Profit (loss) for the period9904€2,737€5,527€2,692-€30,543-€13,016€4,014€10,372€29,127▲ 181%
Transfer from tax-exempt reserves789----€26,201----
Profit (loss) for the period to be appropriated9905€2,737€5,527€2,692-€30,543€13,185€4,014€10,372€29,127▲ 181%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€486,173€354,644€427,051€453,050€374,513€290,726€389,305€441,308▲ 13.4%
Fixed assets21/28€236,175€252,375€299,110€287,487€272,385€257,283€245,899€246,952▲ 0.4%
Tangible fixed assets22/27€236,175€252,375€299,110€287,487€272,385€257,283€245,899€246,952▲ 0.4%
Land and buildings22---€235,164€229,273€223,382€217,491€211,600▼ 2.7%
Plant, machinery and equipment23---€2,891€2,232€1,572€913€389▼ 57.4%
Furniture and vehicles24---€2,872€2,180€1,488€4,515€19,839▲ 339%
Leasing and similar rights25---€46,559€38,700€30,840€22,981€15,123▼ 34.2%
Current assets29/58€249,999€102,269€127,941€165,564€102,128€33,443€143,405€194,356▲ 35.5%
Stocks and contracts in progress3€47,800€45,603€45,948€44,978--€92,184€76,759▼ 16.7%
Stocks30/36---€44,978--€92,184€76,759▼ 16.7%
Amounts receivable within one year40/41€170,188€46,273€68,863€97,935€90,868€24,801€45,742€112,504▲ 146%
Trade receivables40---€90,185€75,055€21,639€45,570€19,575▼ 57.0%
Other amounts receivable41---€7,751€15,813€3,162€172€92,929▲ 540×
Cash at bank and in hand54/58€23,801€4,993€8,689€10,158€4,702€4,535€1,565€1,183▼ 24.4%
Deferred charges and accrued income490/1---€12,492€6,558€4,107€3,914€3,910▼ 0.1%
Equity and liabilities
Total equity and liabilities10/49€486,173€354,644€427,051€453,050€374,513€290,726€389,305€441,308▲ 13.4%
Equity10/15€14,190€19,717€22,409-€8,134-€21,150-€17,136-€6,763€22,363-
Contributions10/11€18,600--€18,600€18,600€18,600€18,600€18,600=
Reserves13€28,061€28,061€28,061€28,061€1,860€1,860€1,860€3,763▲ 102%
Non-distributable reserves130/1---€1,860€1,860----
Other1319---€1,860€1,860----
Tax-exempt reserves132---€26,201-----
Distributable reserves133-----€1,860€1,860€3,763▲ 102%
Profit (loss) carried forward14-€32,471-€26,944-€24,252-€54,795-€41,610-€37,596-€27,223--
Provisions and deferred taxes16-€7,500€7,500€7,500€7,500€7,500€7,500€7,500=
Provisions for liabilities and charges160/5---€7,500€7,500€7,500€7,500€7,500=
Other liabilities and charges164/5---€7,500€7,500€7,500€7,500€7,500=
Amounts payable17/49€471,983€327,427€397,143€453,684€388,162€300,361€388,568€411,445▲ 5.9%
Amounts payable after more than one year17€87,358€149,699€178,485€156,200€134,379€111,842€88,712€333,468▲ 276%
Financial debts170/4---€156,200€134,379€111,842€88,712€64,968▼ 26.8%
Other amounts payable178/9-------€268,500-
Amounts payable within one year42/48€360,785€177,727€213,018€291,863€253,783€186,741€299,252€77,977▼ 73.9%
Current portion of amounts payable after more than one year42---€22,285€21,950€22,537€23,131€23,736▲ 2.6%
Financial debts43---€35,814€32,972€12,642€14,245€27,616▲ 93.9%
Credit institutions430/8---€35,814€32,972€12,642€14,245€27,616▲ 93.9%
Trade debts44€111,449€33,481€71,950€125,522€55,361€8,062€9,863€19,312▲ 95.8%
Suppliers440/4---€125,522€55,361€8,062€9,863€19,312▲ 95.8%
Taxes, remuneration and social security45---€5,242--€182€4,758▲ 26×
Taxes450/3------€182€1,346▲ 640%
Remuneration and social security454/9---€5,242---€3,412-
Other amounts payable47/48---€103,000€143,500€143,500€251,832€2,555▼ 99.0%
Accrued charges and deferred income492/3---€5,621-€1,778€604--
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€2,737€5,527€2,692-€30,543-€13,016€4,014€10,372€29,127▲ 181%
+ Depreciation and write-downs630€14,997€11,805€9,614€15,084€15,102€15,102€15,306€16,448▲ 7.5%
Operating cash flow (approximation)€17,734€17,332€12,305-€15,459€2,086€19,116€25,678€45,574▲ 77.5%
Investment in fixed assets (approximation)--€28,005-€56,349-€3,460€0€0-€3,923-€17,500▼ 346%
Change in cash--€18,809€3,697€1,469-€5,456-€168-€2,969-€382▲ 87.1%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 31 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 29-10-2026 2026-00571790 NBB
31-03-2025 abbreviated format 10-10-2025 2025-00542377 PDF
31-03-2024 abbreviated format 21-08-2024 2024-00361178 PDF
31-03-2023 abbreviated format 16-10-2023 2023-00486461 PDF
31-03-2022 abbreviated format 02-11-2022 2022-20481465 PDF
31-03-2021 micro format 24-09-2021 2021-68400257 PDF
31-03-2020 abbreviated format 14-10-2020 2020-61300449 PDF
31-03-2019 abbreviated format 29-10-2019 2019-71600337 PDF
31-03-2018 abbreviated format 29-10-2018 2018-70800037 PDF
31-03-2017 micro format 31-10-2017 2017-68500386 PDF

Show all 31 filings

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