HESACO
InactiveHESACO was declared bankrupt on 15-12-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 12-12-2023, published in the Belgian State Gazette on 28-12-2023.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 26-07-2022, 5 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
5 d early
2019
70 d late
2018
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€5k▼ 78.9%
2019 · €23k
2018: €30k
2019: €23k
2018 → 2021
Total assets
€47k▼ 38.0%
2019 · €75k
2018: €107k
2019: €75k
2018 → 2021
Net result
€-5k▲ 28.4%
2019 · €-7k
2018: €730
2019: €-7k
2018 → 2021
Working capital
€690▼ 95.3%
2019 · €15k
2018: €22k
2019: €15k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192021Trend
Equity€30k-€23k▼ 24.5%€5k▼ 78.9%
Operating result€3k-€-6k€-3k▲ 41.9%
Net result€730-€-7k€-5k▲ 28.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-3k in 2021, compared with €-6k in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2021 in colour, 2019 as the grey bar beneath
Assets €47k
Fixed assets
€13k ▲ 34.1%
Current assets
€34k ▼ 48.6%
Equity and liabilities €47k
Equity
€5k ▼ 78.9%
Debt
€42k ▼ 20.0%
Debt's share of the balance-sheet total rises from 69.5% to 89.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-496▼
2019 · €137
Cash flow
€-3k▼
2019 · €-2k
Current ratio
1.02▼
2019 · 1.28
Quick ratio
0.95▼
2019 · 1.27
Debt to equity
8.62
ROE
-110.0%▼
2019 · -32.4%
ROA
-11.4%▼
2019 · -9.9%
Interest coverage
-0.24
Debt ≤ 1 year
€33k▼
2019 · €51k
Debt > 1 year
€8k
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 · 2021 against 2019 · 50 lines
Balance sheet
Code20192021
Assets
Total assets20/58€75k€47k▼
Fixed assets21/28€10k€13k▲
Tangible fixed assets22/27€10k€13k▲
Plant, machinery and equipment23-€3k
Furniture and vehicles24-€5k
Other tangible fixed assets26-€5k
Current assets29/58€66k€34k▼
Stocks and contracts in progress3€750€2k▲
Stocks30/36-€2k
Amounts receivable within one year40/41€40k€29k▼
Trade receivables40-€28k
Other amounts receivable41-€1k
Cash at bank and in hand54/58€437€2k▲
Deferred charges and accrued income490/1-€800
Equity and liabilities
Total equity and liabilities10/49€75k€47k▼
Equity10/15€23k€5k▼
Contributions10/11€6k€6k=
Outside capital11-€6k
Other1109/19-€6k
Reserves13€19k€19k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Tax-exempt reserves132-€18k
Profit (loss) carried forward14€-3k€-21k▼
Amounts payable17/49€52k€42k▼
Amounts payable after more than one year17-€8k
Financial debts170/4-€8k
Amounts payable within one year42/48€51k€33k▼
Current portion of amounts payable after more than one year42-€6k
Trade debts44€48k€25k▼
Suppliers440/4-€25k
Taxes, remuneration and social security45-€42
Taxes450/3-€42
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3-€475
Income statement
Code20192021
Non-recurring operating income76A-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Other operating charges640/8-€687
Gross operating margin9900€7k€191▼
Operating profit (loss)9901€-6k€-3k▲
Financial income75/76B-€1
Recurring financial income75€1k€1▼
Financial charges65/66B-€2k
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-6k€-5k▲
Income taxes67/77€1k-
Profit (loss) for the period9904€-7k€-5k▲
Profit (loss) for the period to be appropriated9905€-7k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-21k
Profit (loss) brought forward from the previous period14P-€-15k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
28-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · HESACO BVBA VERBINDINGSDOK-WESTKAAI 10/2, 2000 ANTWERPEN 1 · event 12-12-2023
15-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · HESACO BVBA VERBIN- DINGSDOK-WESTKAAI 10/2, 2000 ANTWERPEN 1 · event 15-12-2022
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Weakest financial yearnet €-7k ▼1120%
Net result drops to €-7k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BARBARA HEYSSE ESMOREITLAAN 5,
2050 ANTWERPEN 5 |
15-12-2022 → 12-12-2023 |
Recognitions · licences · registrations
Dual-learning approval
3 endedMonteur centrale verwarming (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitair installateur (so)