Summary
HESTERS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.73M and a net result of €989k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 1475 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
86 d early
2023
57 d early
2022
46 d early
2021
31 d early
2020
54 d early
2019
31 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.73M▲ 130%
2024 · €754k
2018: €293k
2019: €343k
2020: €488k
2021: €577k
2022: €595k
2023: €668k
2024: €754k
2018 → 2025
Net result
€989k▲ 1,006%
2024 · €89k
2018: €373k
2019: €400k
2020: €345k
2021: €216k
2022: €18k
2023: €10k
2024: €89k
2018 → 2025
Total assets
€2.63M▲ 104%
2024 · €1.28M
2018: €1.18M
2019: €1.25M
2020: €1.46M
2021: €1.69M
2022: €1.37M
2023: €1.10M
2024: €1.28M
2018 → 2025
Solvency
66.0%▲ 7.3pp
2024 · 58.7%
2018: 24.8%
2019: 27.4%
2020: 33.5%
2021: 34.1%
2022: 43.5%
2023: 60.8%
2024: 58.7%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€577k-€595k▲ 3.0%€668k▲ 12.3%€754k▲ 12.8%€1.73M▲ 130%
Operating result€349k-€81k▼ 76.9%€57k▼ 29.7%€181k▲ 219%€313k▲ 72.6%
Net result€216k-€18k▼ 91.9%€10k▼ 45.2%€89k▲ 828%€989k▲ 1,006%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 73% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.63M
Fixed assets
€895k ▼ 14.5%
Current assets
€1.73M ▲ 630%
Equity and liabilities €2.63M
Equity
€1.73M ▲ 130%
Debt
€892k ▲ 68.3%
Debt's share of the balance-sheet total falls from 41.3% to 34.0%. Equity and debt are higher.
Key figures and ratios
ROE
57.0%▲
2024 · 11.9%
ROA
37.7%▲
2024 · 7.0%
Debt ≤ 1 year
€479k▲
2024 · €288k
Debt > 1 year
€412k▲
2024 · €241k
Income taxes
€189k▲
2024 · €54k
Staff costs
€236k▼
2024 · €311k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.28M€2.63M▲
Fixed assets21/28€1.05M€895k▼
Tangible fixed assets22/27€174k€22k▼
Furniture and vehicles24€174k€22k▼
Financial fixed assets28€873k€873k=
Current assets29/58€237k€1.73M▲
Amounts receivable within one year40/41€216k€1.44M▲
Trade receivables40€66k€43k▼
Other amounts receivable41€150k€1.40M▲
Cash at bank and in hand54/58€70€253k▲
Deferred charges and accrued income490/1€21k€34k▲
Equity and liabilities
Total equity and liabilities10/49€1.28M€2.63M▲
Equity10/15€754k€1.73M▲
Contributions10/11€32k€32k=
Reserves13€721k€1.70M▲
Non-distributable reserves130/1€672k€1.66M▲
Other1319€672k€1.66M▲
Distributable reserves133€49k€40k▼
Amounts payable17/49€530k€892k▲
Amounts payable after more than one year17€241k€412k▲
Financial debts170/4€241k€412k▲
Amounts payable within one year42/48€288k€479k▲
Current portion of amounts payable after more than one year42€74k€132k▲
Financial debts43€68k€8k▼
Credit institutions430/8€68k€8k▼
Trade debts44€76k€111k▲
Suppliers440/4€76k€111k▲
Taxes, remuneration and social security45€66k€219k▲
Taxes450/3€27k€190k▲
Remuneration and social security454/9€39k€29k▼
Other amounts payable47/48€4k€9k▲
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Non-recurring operating income76A-€25k
Remuneration, social security and pensions62€311k€236k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€2k▼
Other operating charges640/8€8k€6k▼
Non-recurring operating charges66A€19k€34k▲
Gross operating margin9900€543k€590k▲
Operating profit (loss)9901€181k€313k▲
Financial income75/76B€5k€894k▲
Recurring financial income75€5k€894k▲
Financial charges65/66B€43k€29k▼
Recurring financial charges65€43k€29k▼
Profit (loss) for the period before taxes9903€143k€1.18M▲
Income taxes67/77€54k€189k▲
Profit (loss) for the period9904€89k€989k▲
Profit (loss) for the period to be appropriated9905€89k€989k▲
Appropriation of the result
Profit (loss) to be appropriated9906€90k€989k▲
Profit (loss) brought forward from the previous period14P€1,000-
Transfer from equity791/2€3k€9k▲
Transfer to equity691/2€89k€989k▲
To other reserves6921€89k€989k▲
Profit to be distributed694/7€4k€9k▲
Employees696€4k€9k▲
Social balance
Average headcount (FTE)90874.23.2▼
The notes to these accounts (20 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
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €989k ▲1006%
Net result €989k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 3.61
Current ratio from 0.82 to 3.61.
31-12
Financial
Equity above €1MEq €1.73M ▲130%
8 profitable years in a row build equity to €1.73M.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €10k ▼45.2%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €577k ▲18.4%
4 profitable years in a row build equity to €577k.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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
Registered office, Zelzate · 1 establishment unit since 2003
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.
Michel Gillemanstraat 69060 ZelzateGround area
3,406 m²
Building footprint
759 m²
Volume, LiDAR
3,056 m³
Parcel 43302C0129/00G000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HESCO
since 20032.123.664.253
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43302C0129/00G000 | Flanders | 3,406 m² | 1 · 759 m² | 5.9 m · 1 fl. |
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
MARSH EUROPE
BE 0456.421.226
Oudergem · Eq €1,730,776
VANBREDA CREDINCO
BE 0462.175.702
Antwerpen · Eq €1,730,201
SCHMATZ BUSINESS INSURANCE
BE 0411.651.271
Sankt Vith · Eq €1,730,132
EUROCASCO
BE 0472.887.272
Antwerpen · Eq €1,728,880
Zakenkantoor Wellens & Peeters
BE 0429.404.152
Mol · Eq €1,727,363
Of 4,683 companies in sector 66220 we hold annual accounts for 3,228. 1,780 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
64190Financial service activities, except insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@groephesters.be
Phone:09/345.81.44
Fax:09/345.58.13