Hestic
ActiveSummary
Hestic has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €95,243 and a net result of €2,798. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 76% of 7461 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+68
Solvency91▼-9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 4.61 against 30.84 in 2023; short-term debt: 14.8% and cash: 1.8% of total assets), and 33.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
66.3%
Return on assets
1.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
27 d late
2022
8 d late
2021
21 d late
2020
80 d early
2019
66 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€95,243▲ 3.0%
2023 · €92,445
Total assets
€143,709▲ 51.9%
2023 · €94,612
Net result
€2,798
2023 · -€12,103
Working capital
€76,779▲ 18.7%
2023 · €64,671
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€2,512▲ 81.0%€26,959€13,257▼ 50.8%-€11,649€5,530
Net result€1,673within the sector's middle half€26,555within the sector's middle half▲ 1,487%€12,863within the sector's middle half▼ 51.6%-€12,103below the sector's middle half€2,798below the sector's middle half
Equity€65,130within the sector's middle half▲ 2.6%€91,686within the sector's middle half▲ 40.8%€104,548within the sector's middle half▲ 14.0%€92,445within the sector's middle half▼ 11.6%€95,243below the sector's middle half▲ 3.0%
Total assets€65,356below the sector's middle half▲ 1.4%€91,686within the sector's middle half▲ 40.3%€119,257within the sector's middle half▲ 30.1%€94,612within the sector's middle half▼ 20.7%€143,709below the sector's middle half▲ 51.9%
Debt€226▼ 77.8%€14,708€2,167▼ 85.3%€48,466▲ 2,136%
Working capital€61,611within the sector's middle half▲ 4.0%€78,943within the sector's middle half€64,671within the sector's middle half▼ 18.1%€76,779within the sector's middle half▲ 18.7%
Solvency99.7%above the sector's middle half▲ 1.2pp100.0%above the sector's middle half▲ 0.3pp87.7%above the sector's middle half▼ 12.3pp97.7%above the sector's middle half▲ 10.0pp66.3%above the sector's middle half▼ 31.4pp
Current ratio13.44above the sector's middle half30.84above the sector's middle half▲ 17.404.61above the sector's middle half▼ 26.23
Return on assets (ROA)2.6%within the sector's middle half▲ 18.1pp29.0%above the sector's middle half▲ 26.4pp10.8%within the sector's middle half▼ 18.2pp-12.8%below the sector's middle half▼ 23.6pp1.9%within the sector's middle half▲ 14.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5,530 after a loss of €11,649 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €143,709
Fixed assets
€45,643 ▲ 64.3%
Current assets
€98,066 ▲ 46.7%
Equity and liabilities €143,709
Equity
€95,243 ▲ 3.0%
Debt
€48,466 ▲ 2,136%
Debt's share of the balance-sheet total rises from 2.3% to 33.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,391▲
2023 · -€1,962
Cash flow
€16,659▲
2023 · -€2,415
Quick ratio
4.24▼
2023 · 30.84
Debt to equity
0.51▲
2023 · 0.02
ROE
2.9%▲
2023 · -13.1%
Interest coverage
9.01▲
2023 · -4.32
Debt ≤ 1 year
€21,287▲
2023 · €2,167
Debt > 1 year
€27,179▲
2023 · €0
Income taxes
€4,920▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €393 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €676 | €3,577 | €9,443 | €9,688 | €13,861 | ▲ 43.1% |
| Other operating charges640/8 | - | - | €484 | €702 | - | - |
| Gross operating margin9900 | -€336 | €30,536 | €23,184 | -€1,259 | €19,391 | ▲ 1,640% |
| Operating profit (loss)9901 | -€2,512 | €26,959 | €13,257 | -€11,649 | €5,530 | ▲ 147% |
| Financial income75/76B | - | - | - | - | €4,341 | - |
| Recurring financial income75 | €4,653 | - | - | - | €4,341 | - |
| Financial charges65/66B | - | €404 | €227 | €454 | €2,153 | ▲ 375% |
| Recurring financial charges65 | €301 | €404 | €227 | €454 | €2,153 | ▲ 375% |
| Profit (loss) for the period before taxes9903 | €1,840 | €26,555 | €13,030 | -€12,103 | €7,718 | ▲ 164% |
| Income taxes67/77 | €167 | - | €167 | €0 | €4,920 | - |
| Profit (loss) for the period9904 | €1,673 | €26,555 | €12,863 | -€12,103 | €2,798 | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €1,673 | €26,555 | €12,863 | -€12,103 | €2,798 | ▲ 123% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65,356 | €91,686 | €119,257 | €94,612 | €143,709 | ▲ 51.9% |
| Formation expenses20 | - | - | €220 | €0 | - | - |
| Fixed assets21/28 | €3,577 | - | €33,750 | €27,775 | €45,643 | ▲ 64.3% |
| Tangible fixed assets22/27 | €3,577 | - | €33,750 | €27,775 | €45,643 | ▲ 64.3% |
| Plant, machinery and equipment23 | - | - | €30,000 | €24,453 | €16,499 | ▼ 32.5% |
| Furniture and vehicles24 | - | - | €3,750 | €3,322 | €29,144 | ▲ 777% |
| Current assets29/58 | €61,779 | €91,686 | €85,287 | €66,838 | €98,066 | ▲ 46.7% |
| Stocks and contracts in progress3 | - | €14,500 | €0 | - | €7,888 | - |
| Stocks30/36 | - | - | - | - | €4,783 | - |
| Contracts in progress37 | - | €14,500 | €0 | - | €3,105 | - |
| Amounts receivable within one year40/41 | €50,628 | €68,147 | €70,742 | €62,781 | €87,533 | ▲ 39.4% |
| Trade receivables40 | - | €11,739 | €0 | - | €2,616 | - |
| Other amounts receivable41 | - | €56,408 | €70,742 | €62,781 | €84,917 | ▲ 35.3% |
| Cash at bank and in hand54/58 | €11,151 | €9,039 | €14,544 | €4,056 | €2,645 | ▼ 34.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65,356 | €91,686 | €119,257 | €94,612 | €143,709 | ▲ 51.9% |
| Equity10/15 | €65,130 | €91,686 | €104,548 | €92,445 | €95,243 | ▲ 3.0% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €20,451 | ▲ 10.0% |
| Reserves13 | €46,538 | €46,538 | €85,956 | €85,956 | €74,792 | ▼ 13.0% |
| Non-distributable reserves130/1 | - | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | - | - | - | - |
| Distributable reserves133 | - | €44,679 | €85,956 | €85,956 | €74,792 | ▼ 13.0% |
| Profit (loss) carried forward14 | €0 | €26,555 | €0 | -€12,103 | - | - |
| Amounts payable17/49 | €226 | - | €14,708 | €2,167 | €48,466 | ▲ 2,136% |
| Amounts payable after more than one year17 | - | - | €8,365 | €0 | €27,179 | - |
| Financial debts170/4 | - | - | €8,365 | €0 | €27,179 | - |
| Amounts payable within one year42/48 | €167 | - | €6,344 | €2,167 | €21,287 | ▲ 882% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7,546 | - |
| Trade debts44 | €0 | - | €6,344 | €2,167 | €9,888 | ▲ 356% |
| Suppliers440/4 | - | - | €6,344 | €2,167 | €9,888 | ▲ 356% |
| Taxes, remuneration and social security45 | - | - | - | - | €3,852 | - |
| Taxes450/3 | - | - | - | - | €3,852 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,673 | €26,555 | €12,863 | -€12,103 | €2,798 | ▲ 123% |
| + Depreciation and write-downs630 | €676 | €3,577 | €9,443 | €9,688 | €13,861 | ▲ 43.1% |
| Operating cash flow (approximation) | €2,349 | €30,133 | €22,306 | -€2,415 | €16,659 | ▲ 790% |
| Investment in fixed assets (approximation) | - | - | - | -€3,712 | -€31,730 | ▼ 755% |
| Change in cash | - | -€2,112 | €5,506 | -€10,488 | -€1,411 | ▲ 86.5% |
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
2026
18-08
State Gazette act
Resignation: Hillaert Wannes (director)Director discharge3 facts ▸
State Gazette act
Resignation: Hillaert Wannes (director)
Director discharge3 facts ▸
- General meeting, 31-07-2026
- Director resignation, Hillaert Wannes (director)
- Director discharge, Hillaert Wannes
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €2,798
Net result €2,798 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet -€12,103
Net result drops to -€12,103, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 30.84
Current ratio from 13.44 to 30.84; short-term debt falls from €6,344 to €2,167.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Equity above €100,000Eq €104,548 ▲14%
3 profitable years in a row build equity to €104,548.
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
31-12
Financial
Highest result since 2018net €26,555 ▲1,487%
Operating result €26,959, net result €26,555, both a record.
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,673
Net result €1,673 after 2 loss-making years.
Show earlier events
31-12
Financial
Liquidity times 6current ratio 369.29
Current ratio from 61.92 to 369.29; short-term debt falls from €973 to €167.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Torhout · 1 establishment unit since 1989
Ground area
1,282 m²
Parcel 31522B0506/00S000, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Hestic
since 19892.044.609.451
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522B0506/00S000 | Flanders | 1,282 m² | - | - |
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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Hillaert Wannes |
|
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,704 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
Founded10-07-1989
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
31002Manufacture of furniture
43332Laying of wooden floor and wall coverings
46831Wholesale of construction materials, general range
82990Other business support services
Contact
E-mail
info@hestic.be
Phone
+32471453686
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437937182
Also
9925:BE0437937182
Registered
02-06-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.