HENS PIGLAND
ActiveHENS PIGLAND has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.14M and a net result of €1.08M. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 84% of 1722 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 3.1 against 1.4 in 2024; short-term debt: 12.1% and cash: 6.3% of total assets), and 21.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.7%
Return on assets
27%
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
4 d late
2023
on the day
2022
on the day
2021
15 d late
2020
2 d early
2019
on the day
← 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 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.14M▲ 52.5%
2024 · €2.06M
2019: €668k
2020: €944k
2021: €974k
2022: €957k
2023: €1.19M
2024: €2.06M
2019 → 2025
Total assets
€3.99M▲ 27.4%
2024 · €3.13M
2019: €1.66M
2020: €2.34M
2021: €2.00M
2022: €2.07M
2023: €2.11M
2024: €3.13M
2019 → 2025
Net result
€1.08M▲ 22.9%
2024 · €878k
2019: €7k
2020: €249k
2021: €40k
2022: €-13k
2023: €246k
2024: €878k
2019 → 2025
Working capital
€1.01M▲ 300%
2024 · €253k
2019: €313k
2020: €509k
2021: €474k
2022: €475k
2023: €523k
2024: €253k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€974k-€957k▼ 1.7%€1.19M▲ 24.5%€2.06M▲ 72.7%€3.14M▲ 52.5%
Operating result€39k-€-22k€337k€1.20M▲ 256%€1.46M▲ 21.8%
Net result€40k-€-13k€246k€878k▲ 256%€1.08M▲ 22.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.99M
Fixed assets
€2.49M▲ 11.4%
Current assets
€1.50M▲ 67.4%
Equity and liabilities €3.99M
Equity
€3.14M▲ 52.5%
Provisions
€2k▲ 7.5%
Debt
€849k▼ 20.8%
The debt ratio falls from 34.2% to 21.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.65M▲
2024 · €1.35M
Cash flow
€1.27M▲
2024 · €1.03M
Solvency
78.7%▲
2024 · 65.7%
Current ratio
3.10▲
2024 · 1.40
Quick ratio
2.46▲
2024 · 0.91
Debt / equity
0.27▼
2024 · 0.52
ROE
34.4%▼
2024 · 42.6%
ROA
27.0%▼
2024 · 28.0%
Interest coverage
48.80▼
2024 · 53.68
Debt
€849k▼
2024 · €1.07M
Debt ≤ 1 year
€483k▼
2024 · €641k
Debt > 1 year
€333k▼
2024 · €425k
Income taxes
€391k▲
2024 · €312k
Staff costs
€3k▲
2024 · €3k
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€3.13M€3.99M▲
Fixed assets21/28€2.24M€2.49M▲
Intangible fixed assets21-€8k
Tangible fixed assets22/27€2.13M€2.38M▲
Land and buildings22€1.65M€1.91M▲
Plant, machinery and equipment23€474k€457k▼
Furniture and vehicles24€12k€12k▲
Financial fixed assets28€103k€103k=
Current assets29/58€894k€1.50M▲
Stocks and contracts in progress3€309k€306k▼
Stocks30/36€309k€306k▼
Amounts receivable within one year40/41€105k€238k▲
Trade receivables40€93k€238k▲
Other amounts receivable41€11k€0▼
Current investments50/53€201k€690k▲
Cash at bank and in hand54/58€268k€250k▼
Deferred charges and accrued income490/1€10k€12k▲
Equity and liabilities
Total equity and liabilities10/49€3.13M€3.99M▲
Equity10/15€2.06M€3.14M▲
Contributions10/11€31k€31k=
Reserves13€1.28M€1.46M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€1.28M€1.46M▲
Profit (loss) carried forward14€706k€1.60M▲
Investment grants15€40k€43k▲
Provisions and deferred taxes16€2k€2k▲
Deferred taxes168€2k€2k▲
Amounts payable17/49€1.07M€849k▼
Amounts payable after more than one year17€425k€333k▼
Financial debts170/4€425k€333k▼
Amounts payable within one year42/48€641k€483k▼
Current portion of amounts payable after more than one year42€91k€91k=
Trade debts44€393k€147k▼
Suppliers440/4€393k€147k▼
Taxes, remuneration and social security45€61k€137k▲
Taxes450/3€61k€137k▲
Other amounts payable47/48€96k€108k▲
Accrued charges and deferred income492/3€6k€32k▲
Income statement
Code20242025
Non-recurring operating income76A€0€35k▲
Remuneration, social security and pensions62€3k€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€150k€191k▲
Other operating charges640/8€12k€12k▼
Gross operating margin9900€1.36M€1.67M▲
Operating profit (loss)9901€1.20M€1.46M▲
Financial income75/76B€16k€43k▲
Recurring financial income75€16k€43k▲
Financial charges65/66B€25k€34k▲
Recurring financial charges65€25k€34k▲
Profit (loss) for the period before taxes9903€1.19M€1.47M▲
Transfer from deferred taxes780€611€912▲
Income taxes67/77€312k€391k▲
Profit (loss) for the period9904€878k€1.08M▲
Profit (loss) for the period to be appropriated9905€878k€1.08M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.01M€1.78M▲
Profit (loss) brought forward from the previous period14P€128k€706k▲
Transfer to equity691/2€300k€182k▼
To other reserves6921€300k€182k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (23 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €1.08M ▲22.9%
Operating result €1.46M, net result €1.08M, both a record.
30-06
Financial
Liquidity doublescurrent ratio 3.10
Current ratio from 1.40 to 3.10; short-term debt falls from €641k to €483k.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
30-06
Financial
Equity above €2MEq €2.06M ▲72.7%
2 profitable years in a row build equity to €2.06M.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €246k
Net result €246k after one loss-making year.
30-06
Financial
Equity above €1MEq €1.19M ▲24.5%
Equity rises from €957k to €1.19M.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €-13k ▼131%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
15-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 15 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-01
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
5 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, Brecht · 1 establishment unit since 2006
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.
Legeheideweg 212960 BrechtGround area
1.0 ha
Building footprint
223 m²
Volume, LiDAR
1,076 m³
Parcel 11043E0282/03V000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HENS PIGLAND BVBA
since 20062.158.316.910
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043E0282/03V000 | Flanders | 1.0 ha | 1 · 223 m² | 7.6 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 to 2025 · 2 entries · 10,715 EUR awarded · 10,715 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,889 EUR | 5,889 EUR |
| 2022 | 1 | 4,826 EUR | 4,826 EUR |
Schemes
Investeringssteun voor land- en tuinbouwers
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrecht2.158.316.910
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Of 902 companies in sector 01461 we hold annual accounts for 295. 170 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-12-2006
Fiscal year end30-06
Activities, NACEBEL
01231
01461Pig breeding farms
01110Growing of cereals (except rice), leguminous crops and oil seeds
01462Crop and animal production, hunting and related service activities
01410Raising of dairy cattle
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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.