HESA CONSTRUCT
ActiveSummary
HESA CONSTRUCT has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €12k. Its solvency ranks better than 26% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▲+1
Solvency29▲+3
Growth78
Track record82
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 3.93 in 2024; short-term debt: 55.2% and cash: 44.7% of total assets), but 96.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
3.9%
Return on assets
1.8%
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 29-03-2026, 124 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
124 d early
2024
47 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€26k▲ 88.1%
2024 · €14k
2024: €14k
2025: €26k▲ +88.1% vs 2024
2024 → 2025
Total assets
€683k▼ 28.0%
2024 · €949k
2024: €949k
2025: €683k▼ -28.0% vs 2024
2024 → 2025
Net result
€12k▲ 7.2%
2024 · €12k
2024: €12k
2025: €12k▲ +7.2% vs 2024
2024 → 2025
Working capital
€306k▼ 56.7%
2024 · €707k
2024: €707k
2025: €306k▼ -56.7% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€14k-€26k▲ 88.1%
2024: €14k
2025: €26k▲ +88.1% vs 2024
Operating result€14k-€28k▲ 98.2%
2024: €14k
2025: €28k▲ +98.2% vs 2024
Net result€12k-€12k▲ 7.2%
2024: €12k
2025: €12k▲ +7.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 98% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €683k
Equity
€26k ▲ 88.1%
Debt
€657k ▼ 29.8%
Debt's share of the balance-sheet total falls from 98.5% to 96.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.81▼
2024 · 3.93
Quick ratio
1.23▲
2024 · 0.11
Debt to equity
24.90▼
2024 · 66.68
ROE
46.8%▼
2024 · 82.2%
ROA
1.8%▲
2024 · 1.2%
Debt ≤ 1 year
€377k▲
2024 · €241k
Debt > 1 year
€280k
Income taxes
€3k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€949k€683k▼
Current assets29/58€949k€683k▼
Stocks and contracts in progress3€922k€218k▼
Stocks30/36€922k€218k▼
Amounts receivable within one year40/41€19k€159k▲
Trade receivables40-€159k
Other amounts receivable41€19k-
Cash at bank and in hand54/58€8k€305k▲
Deferred charges and accrued income490/1€47€47=
Equity and liabilities
Total equity and liabilities10/49€949k€683k▼
Equity10/15€14k€26k▲
Contributions10/11€3k€3k=
Reserves13€12k€24k▲
Distributable reserves133€12k€24k▲
Amounts payable17/49€935k€657k▼
Amounts payable after more than one year17-€280k
Financial debts170/4-€280k
Amounts payable within one year42/48€241k€377k▲
Trade debts44€2k€15k▲
Suppliers440/4€2k€15k▲
Taxes, remuneration and social security45€3k€17k▲
Taxes450/3€3k€17k▲
Other amounts payable47/48€236k€345k▲
Accrued charges and deferred income492/3€693k-
Income statement
Code20242025
Other operating charges640/8€548€585▲
Gross operating margin9900€15k€29k▲
Operating profit (loss)9901€14k€28k▲
Financial income75/76B€279€1▼
Recurring financial income75€279€1▼
Financial charges65/66B€98€12k▲
Recurring financial charges65€98€12k▲
Profit (loss) for the period before taxes9903€14k€16k▲
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€12k€12k▲
Profit (loss) for the period to be appropriated9905€12k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€12k▲
Transfer to equity691/2€12k€12k▲
To other reserves6921€12k€12k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €548 | €585 | ▲ 6.9% |
| Gross operating margin9900 | €15k | €29k | ▲ 94.8% |
| Operating profit (loss)9901 | €14k | €28k | ▲ 98.2% |
| Financial income75/76B | €279 | €1 | ▼ 99.7% |
| Recurring financial income75 | €279 | €1 | ▼ 99.7% |
| Financial charges65/66B | €98 | €12k | ▲ 12,683% |
| Recurring financial charges65 | €98 | €12k | ▲ 12,683% |
| Profit (loss) for the period before taxes9903 | €14k | €16k | ▲ 9.0% |
| Income taxes67/77 | €3k | €3k | ▲ 16.0% |
| Profit (loss) for the period9904 | €12k | €12k | ▲ 7.2% |
| Profit (loss) for the period to be appropriated9905 | €12k | €12k | ▲ 7.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €949k | €683k | ▼ 28.0% |
| Current assets29/58 | €949k | €683k | ▼ 28.0% |
| Stocks and contracts in progress3 | €922k | €218k | ▼ 76.3% |
| Stocks30/36 | €922k | €218k | ▼ 76.3% |
| Amounts receivable within one year40/41 | €19k | €159k | ▲ 741% |
| Trade receivables40 | - | €159k | - |
| Other amounts receivable41 | €19k | - | - |
| Cash at bank and in hand54/58 | €8k | €305k | ▲ 3,889% |
| Deferred charges and accrued income490/1 | €47 | €47 | = |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €949k | €683k | ▼ 28.0% |
| Equity10/15 | €14k | €26k | ▲ 88.1% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €12k | €24k | ▲ 107% |
| Distributable reserves133 | €12k | €24k | ▲ 107% |
| Amounts payable17/49 | €935k | €657k | ▼ 29.8% |
| Amounts payable after more than one year17 | - | €280k | - |
| Financial debts170/4 | - | €280k | - |
| Amounts payable within one year42/48 | €241k | €377k | ▲ 56.3% |
| Trade debts44 | €2k | €15k | ▲ 549% |
| Suppliers440/4 | €2k | €15k | ▲ 549% |
| Taxes, remuneration and social security45 | €3k | €17k | ▲ 484% |
| Taxes450/3 | €3k | €17k | ▲ 484% |
| Other amounts payable47/48 | €236k | €345k | ▲ 46.3% |
| Accrued charges and deferred income492/3 | €693k | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €12k | ▲ 7.2% |
| Operating cash flow (approximation) | €12k | €12k | ▲ 7.2% |
| Change in cash | - | €297k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mol · 1 establishment unit since 2024
Ground area
2,024 m²
Building footprint
390 m²
Volume, LiDAR
2,571 m³
Parcel 13433E1070/00B000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
HESA CONSTRUCT
since 20242.356.431.886
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13433E1070/00B000 | Flanders | 2,024 m² | 1 · 390 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
Woningbouw Eeckloo
BE 0845.146.647
Diksmuide · Eq €26,366
RESTIAU
BE 0865.963.243
Brasschaat · Eq €26,357
Key Builder
BE 0646.808.074
Brugge · Eq €26,354
F.O.A. MANAGEMENT
BE 0676.589.549
Sint-Pieters-Woluwe · Eq €26,397
SOGEPROM
BE 0721.652.977
Perwez · Eq €26,332
Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,382 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.