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HESBAYEFROST

Active
Public limited companyfounded 1985active for 41 yearsRue Emile Lejeune(GR) 20, 4250 Geer, BelgiumKBO/BCE: BE 0427.405.457
Summary

HESBAYEFROST has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32.9m and a net result of €4.1m. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 40% of 788 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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HESBAYEFROSTActiveChecked score 82/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of food products
NACE 10393
Largest employer in Geer1 site
Size
€134.4mturnover 2025
Staff
342.1 FTE
Equity
€32.9m
Profit
€4.1m
Financial health
82 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Parent
CROP'S HOLDING
Board
7 members
Holdings
2
2025 accounts 44 days early4 of 20 deeds summarised
Why 82raises riskLiquidity: current ratio 1.10, cash €63,224Sector: Manufacture of food products (NACE 10)lowers riskSize: turnover €134.4m, 342.1 FTE, total assets €103.6mFounded in 1985Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 39% of its sector peers (NACE 10, large)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 57-2
equity 31.8% of total assets
Liquidity 16-2
short-term debt 64.6% · cash 0.1%
Profitability 66-22
return on assets 4.0%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (62 companies, NACE 10, large)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025lowest value 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.1 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026highest value
Credit of up to €2,700,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.1, compared with 1.1 in 2024, below the usual 1.5; short-term debt: 64.6% and cash: 0.1% of total assets), and 68.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, large): better than 40% on solvency, 19% on liquidity, 50% on profitability and 46% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.10, cash €63,224
NBB · annual accounts
lowers risk · Size: turnover €134.4m, 342.1 FTE, total assets €103.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1985
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
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 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
44 days early
2024
39 days early
2023
50 days early
2022
49 days early
2021
49 days early
2020
47 days early
2019
50 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 47 days before the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 13 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end25-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointments: SASTRACO BV, CIBUS CONSULT BV…Permanent representatives: Sabine Sagaert, Michael…
  3. Appointment: P-Cls Management srl (directeur général…Power of attorney

Key points

  • Caution: Result fell in 2025from €13.6m to €4.1m ▼ 69.9% View
  • Positive: Largest employer in Geerin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by CROP'S HOLDING parent View
  • Board changedlatest change 01-01-2026 · 7 in office 1 joined · 1 left View
  • Positive: 6 profitable years in a rowprofit 2025: €4.1m 6 years View

By topic

Financials

Financial year
2025
Turnover
€134.4m
Profit
€4.1m
Solvency
31.8%
Turnover▼ 6.5%
Net result
20192025
Go to Financials

Board & ownership

Board
7 members
Parent
CROP'S HOLDING
  • CD - XDirector
  • CIBUS ConsultDirector
  • SASTRACODirector
  • VASTICOMDirector
  • JELUHEDirector

and 2 other directors

Go to Board & ownership

Timeline

Events
46
Since
1987
Next accounts
by 31-01-2027
  1. 23-12-2024Annual accounts filed
  2. 30-06-2024Highest result from 2019 to 2025
  3. 30-06-2024Equity above €25m
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of food productsNACE 10393
Founded
29-05-1985
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Key facts about HESBAYEFROST

What is the company number of HESBAYEFROST?
0427.405.457. In Belgium the VAT number is the company number with BE in front: BE 0427.405.457.
Where is HESBAYEFROST based?
The registered office is at Rue Emile Lejeune(GR) 20, 4250 Geer.Company details
What does HESBAYEFROST do?
According to the KBO register, the main activity is manufacture of food products (NACE 10393).
What is the legal form of HESBAYEFROST?
Public limited company (NV).
When was HESBAYEFROST founded?
On 29-05-1985.
Is HESBAYEFROST still active?
Yes, HESBAYEFROST is an active enterprise in the KBO register.
How many employees does HESBAYEFROST have?
On average 342.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HESBAYEFROST?
€134.4m in financial year 2025, according to the filed annual accounts.
Is HESBAYEFROST profitable?
In financial year 2025, HESBAYEFROST made a profit of €4.1m.
Where can I find the annual accounts of HESBAYEFROST?
HESBAYEFROST filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HESBAYEFROST due?
By 31-01-2027, for financial year 2026.Timeline

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