HEPACO
ActiveHEPACO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100k and a net result of €9k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 1718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
79
/ 100
Excellent▲ +23 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▲+28
Solvency83▲+14
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 0.77 in 2024), and 33.9% 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 · 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
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
66.1%
Return on assets
5.9%
Age of the figures
14 mo
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
3 d early
2023
on the day
2022
25 d early
2021
4 d early
2020
54 d early
2019
57 d early
← 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 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€100k▲ 9.8%
2024 · €91k
2019: €50k
2020: €58k
2021: €62k
2022: €73k
2023: €88k
2024: €91k
2019 → 2025
Total assets
€151k▼ 9.4%
2024 · €167k
2019: €157k
2020: €152k
2021: €168k
2022: €150k
2023: €157k
2024: €167k
2019 → 2025
Net result
€9k▲ 201%
2024 · €3k
2019: €5k
2020: €8k
2021: €4k
2022: €11k
2023: €15k
2024: €3k
2019 → 2025
Working capital
€11k
2024 · €-16k
2019: €-49k
2020: €-46k
2021: €-41k
2022: €-30k
2023: €-14k
2024: €-16k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€73k▲ 18.6%€88k▲ 20.0%€91k▲ 3.4%€100k▲ 9.8%
Operating result€7k-€17k▲ 130%€23k▲ 34.8%€6k▼ 72.5%€14k▲ 123%
Net result€4k-€11k▲ 182%€15k▲ 28.1%€3k▼ 79.9%€9k▲ 201%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 123% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151k
Fixed assets
€90k▼ 19.8%
Current assets
€61k▲ 12.3%
Equity and liabilities €151k
Equity
€100k▲ 9.8%
Debt
€51k▼ 32.4%
The debt ratio falls from 45.4% to 33.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€36k▲
2024 · €11k
Cash flow
€31k▲
2024 · €7k
Solvency
66.1%▲
2024 · 54.6%
Current ratio
1.22▲
2024 · 0.77
Quick ratio
0.49▲
2024 · 0.29
Debt / equity
0.51▼
2024 · 0.83
ROE
8.9%▲
2024 · 3.2%
ROA
5.9%▲
2024 · 1.8%
Interest coverage
16.62▲
2024 · 4.09
Debt
€51k▼
2024 · €76k
Debt ≤ 1 year
€50k▼
2024 · €70k
Debt > 1 year
€694▼
2024 · €5k
Income taxes
€3k▲
2024 · €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€167k€151k▼
Fixed assets21/28€113k€90k▼
Intangible fixed assets21€45k€27k▼
Tangible fixed assets22/27€68k€63k▼
Land and buildings22€60k€60k▼
Plant, machinery and equipment23€7k€3k▼
Current assets29/58€54k€61k▲
Stocks and contracts in progress3€34k€36k▲
Stocks30/36€34k€36k▲
Amounts receivable within one year40/41€15k€14k▼
Trade receivables40€6k€3k▼
Other amounts receivable41€9k€10k▲
Cash at bank and in hand54/58€2k€7k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€167k€151k▼
Equity10/15€91k€100k▲
Contributions10/11€27k€27k=
Reserves13€3k€3k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€62k€71k▲
Amounts payable17/49€76k€51k▼
Amounts payable after more than one year17€5k€694▼
Financial debts170/4€5k€694▼
Amounts payable within one year42/48€70k€50k▼
Current portion of amounts payable after more than one year42€7k€4k▼
Financial debts43€25k€25k=
Credit institutions430/8€25k€25k=
Other loans439€0-
Trade debts44€26k€8k▼
Suppliers440/4€26k€8k▼
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Other amounts payable47/48€11k€10k▼
Accrued charges and deferred income492/3€750€750=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€22k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€12k€38k▲
Operating profit (loss)9901€6k€14k▲
Financial income75/76B€291€440▲
Recurring financial income75€291€440▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€4k€12k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€3k€9k▲
Profit (loss) for the period to be appropriated9905€3k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€71k▲
Profit (loss) brought forward from the previous period14P€59k€62k▲
The notes to these accounts (12 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
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €3k ▼79.9%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €15k ▲28.1%
Operating result €23k, net result €15k, both a record.
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
07-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
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
1 act for this company is 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, Bornem · 1 establishment unit since 1987
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.
Schoonaardestraat(EIK) 132880 BornemGround area
515 m²
Building footprint
1,080 m²
Volume, LiDAR
5,385 m³
Parcel 12015D0353/00W000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HEPACO CV
since 19872.030.372.029
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015D0353/00W000 | Flanders | 515 m² | 1 · 1,080 m² | 9.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBornem2.030.372.029
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BE 0449.575.105
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F.D.K.
BE 0421.004.942
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DIRNA
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Of 798 companies in sector 01450 we hold annual accounts for 113. 84 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-01-1987
Fiscal year end30-06
Activities, NACEBEL
01220
01450Raising of sheep and goats
01210
01462Crop and animal production, hunting and related service activities
01410Raising of dairy cattle
47761Retail sale of flowers, plants, seeds and fertilisers
52483
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.