HEPIRCO
ActiveThe computed 12-month bankruptcy probability of HEPIRCO is 2.6% (moderate). The 2025 annual accounts show equity of €34k and a net result of €-10k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 25% of 7391 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-67
Solvency45▼-52
Growth52=
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.96 against 3.15 in 2024; short-term debt: 59.1% and cash: 0.4% of total assets), and 80.4% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
19.6%
Return on assets
-5.7%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
8 d early
2024
64 d early
2023
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▼ 22.7%
2024 · €44k
2023: €34k
2024: €44k
2023 → 2025
Total assets
€175k▲ 184%
2024 · €62k
2023: €62k
2024: €62k
2023 → 2025
Net result
€-10k
2024 · €10k
2023: €30k
2024: €10k
2023 → 2025
Working capital
€-4k
2024 · €37k
2023: €34k
2024: €37k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€34k-€44k▲ 30.2%€34k▼ 22.7%
Operating result€46k-€17k▼ 62.5%€-7k
Net result€30k-€10k▼ 66.4%€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €17k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175k
Fixed assets
€76k▲ 993%
Current assets
€99k▲ 81.6%
Equity and liabilities €175k
Equity
€34k▼ 22.7%
Debt
€141k▲ 712%
The debt ratio rises from 28.1% to 80.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k
Cash flow
€-5k
Solvency
19.6%▼
2024 · 71.9%
Current ratio
0.96▼
2024 · 3.15
Quick ratio
0.93▼
2024 · 3.15
Debt / equity
4.11▲
2024 · 0.39
ROE
-29.3%▼
2024 · 23.2%
ROA
-5.7%▼
2024 · 16.6%
Interest coverage
-0.59
Debt
€141k▲
2024 · €17k
Debt ≤ 1 year
€103k▲
2024 · €17k
Debt > 1 year
€37k
Income taxes
€188▼
2024 · €6k
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€62k€175k▲
Fixed assets21/28€7k€76k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27-€67k
Other tangible fixed assets26-€67k
Financial fixed assets28€7k€7k=
Current assets29/58€55k€99k▲
Stocks and contracts in progress3-€3k
Stocks30/36-€3k
Amounts receivable within one year40/41€25k€92k▲
Trade receivables40€13k€68k▲
Other amounts receivable41€12k€24k▲
Cash at bank and in hand54/58€27k€729▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€62k€175k▲
Equity10/15€44k€34k▼
Contributions10/11€4k€4k=
Reserves13€41k€41k=
Distributable reserves133€41k€41k=
Profit (loss) carried forward14-€-10k
Amounts payable17/49€17k€141k▲
Amounts payable after more than one year17-€37k
Financial debts170/4-€37k
Amounts payable within one year42/48€17k€103k▲
Current portion of amounts payable after more than one year42-€8k
Financial debts43€54€0▼
Credit institutions430/8€54€0▼
Trade debts44€2k€49k▲
Suppliers440/4€2k€49k▲
Advances received on contracts in progress46-€38k
Taxes, remuneration and social security45€16k€9k▼
Taxes450/3€14k€9k▼
Remuneration and social security454/9€2k€0▼
Accrued charges and deferred income492/3-€8
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5k
Other operating charges640/8€4k€1k▼
Gross operating margin9900€21k€-674▼
Operating profit (loss)9901€17k€-7k▼
Financial income75/76B€503€666▲
Recurring financial income75€503€666▲
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€17k€-10k▼
Income taxes67/77€6k€188▼
Profit (loss) for the period9904€10k€-10k▼
Profit (loss) for the period to be appropriated9905€10k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-10k▼
Transfer to equity691/2€10k€0▼
To other reserves6921€10k€0▼
The notes to these accounts (13 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-10k ▼198%
Net result drops to €-10k, the lowest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro 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, Sint-Truiden · 1 establishment unit since 2022
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.
Duifhuisstraat 423800 Sint-TruidenGround area
513 m²
Building footprint
82 m²
Volume, LiDAR
76 m³
Parcel 71352C0692/00S000, Flanders · tallest building 6.5 m. Linked by address, not a title deed.
1 establishment unit
HEPIRCO
since 20222.332.147.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352C0692/00S000 | Flanders | 513 m² | 1 · 82 m² | 6.5 m |
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.
Similar companies · same sector, comparable size
JORES
BE 0834.991.341
Mol · Eq €34k
DVS-CONSTRUCT
BE 0863.858.046
Ronse · Eq €34k
ERRA CONSTRUCT
BE 0795.285.380
Sint-Pieters-Leeuw · Eq €34k
ART BOUW
BE 0746.706.493
Diest · Eq €34k
KOC
BE 0774.788.884
Evergem · Eq €34k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 12,624 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-2022
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43350Other building finishing work
46130Agents in the wholesale of timber and building materials
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.