Equity
-€1.2m
Debts exceed assets in financial year 2025.
Hessenplein
Lifetime
5 annual accounts with figures on one time axispeak €73,461 (2022)
-€113,473▼ €111,751
lowest -€2.4m (2024)
-€137,159▲ €2.2m
peak -€161,520 (2021)
-€1.2m▼ €137,159
€21.0m▲ 5.3%
peak 0 FTE (2025)
0 FTE
Board14 names since 2021all names
2 directorsFederale Verzekering Onderlinge verzekeringsvereniging and 1 other
Owners
Documentsfilings and deeds
07-07-202624 days before the deadline
2025abbreviated format
Gross margin from -€1,722 to -€113,473Loss of €137,1592 directors appointed, 2 resignations 20-02Equity from -€1.1m to -€1.2mCash from €271,402 to €173,738
Key points
from the 2025 annual accountsLosses
-€3.5m in five years
Every financial year from 2021 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€21.0m 106% of the balance sheet
Financial debts 90%Suppliers 0%Other 10%
€8.8m of the debts are secured on the company's own assets.
Liquidity
9.98 was 59.56 in 2024
Short-term debts rose from €315,898 to €2.0m.
Board
1 joined · 2 left
Board changed. Latest change 24-07-2026 · 2 in office.
Position in the sector
-€1.2m
Less equity than 95% of companies in real estate. Sector median €300,201 · 11,304 companies.
Turnover not published (abbreviated format)
Checked score
54
Fair
Financially stronger than 31% of medium-sized companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.9%▲ +0.2 percentage points vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 1.3%▲ +0.4 percentage points vs 07-2025
09-2025: 1.6%▲ +0.3 percentage points vs 08-2025highest value
10-2025: 1.0%▼ -0.6 percentage points vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 0.5%▼ -0.5 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.7%▲ +0.1 percentage points vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.3%▼ -0.4 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 9.98, cash €173,738
Negative equity -€1.2m
lowers risk
Size: total assets €19.7m
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 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 68, medium-sized). It does better than 7% of them on solvency, 66% on liquidity, 34% on profitability and 18% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 111 companies had the same profile as Hessenplein has now. Each dot is one company, two years later.
96.4%
were still trading
2.7%
stopped another way
0.0%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Hessenplein itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 111 companies, not a prediction for Hessenplein. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 9.98 (59.56 in 2024), above the usual 1.5. Short-term debt is 10% and cash 0.9% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€1.2m
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 07-07-2026, 24 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
24 days early
2024
36 days late
2023
9 days late
2022
85 days late
2021
67 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 35 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 September (4 of the last 5 accounts filed within 49 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Federale Verzekering, Vereniging van onderlinge levensverzekeringen consolidatesannual accounts 2025
Recent changes
Permanent representative: Florent DESMET
Reappointment: FORVIS MAZARS BEDRIJFSREVISOREN (statutory auditor) · General meeting of 29-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0769346095
1 director appointed, 2 resignations
Resignations: Scheutbosch BV and Jean-Marc MAYEUR (managing director) · Appointment: Philippe BOURDEAUD'HUI (managing director) · Gazette deed
Environmental permit granted
Slopen of verwijderen, Slopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Antwerpen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Hessenplein Brussels | €19.7m | -€113,473 | -6.2% | 0 |
| COLONEL STONE Brussels | €22.9m | -€3,910 | -0.1% | 0 |
| Lebeau Development Brussels | €22.4m | -€370 | 5.2% | 0 |
| GEGROND Ghent | €13.2m | -€25,925 | 27.3% | 0 |
| VDD WR Bruges | €21.3m | -€5,415 | 0.0% | 0 |
| KeyWest Development Brussels | €18.4m | €4,083 | 6.6% | 0 |
| Cottage III Uccle | €8.1m | -€25,078 | -2.0% | 0 |
These companies have the same main activity as Hessenplein: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €8.1m and €23m, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 04-06-2021Normal situation
- Registered office
- 13 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 7 others
- Establishment unit
- 2.318.974.8421000 Brussels, since 04-06-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €19.7m▲ 4.9%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on Hessenplein
Hessenplein files the abbreviated format. That format states no turnover. The gross margin fell from -€27,291 in 2021 to -€113,473 in 2025.
In December 2023, three directors stepped down. In July 2026, the Official Gazette published the appointment of Philippe BOURDEAUD'HUI as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Hessenplein
- What is the company number of Hessenplein?
- The company number of Hessenplein is 0769.346.095. The VAT number is the same number with BE in front: BE 0769.346.095.
- Where is Hessenplein based?
- The registered office is at Stoofstraat 12, 1000 Brussels.Company details
- What does Hessenplein do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Hessenplein?
- Hessenplein is a private limited company (BV).
- When was Hessenplein founded?
- Hessenplein was founded on 04-06-2021.
- Is Hessenplein still active?
- Yes, Hessenplein is an active enterprise in the KBO register.
- What is the turnover of Hessenplein?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is Hessenplein profitable?
- In financial year 2025, Hessenplein made a loss of €137,159.
- Where can I find the annual accounts of Hessenplein?
- Hessenplein filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Hessenplein due?
- Hessenplein must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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