HETAFIN
ActiveSummary
HETAFIN has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €313k and a net result of €35k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 76% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-12
Solvency100=
Growth58▼-6
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.01 against 2.9 in 2024; short-term debt: 19.6% and cash: 43.2% of total assets), and 19.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.4%
Return on assets
8.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €313k
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
12 d late
2023
on the day
2022
10 d early
2021
8 d early
2020
1 d early
2019
38 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€127k▼ 32.3%
2024 · €187k
2018: €174k
2019: €93k▼ -46.7% vs 2018
2020: €62k▼ -33.5% vs 2019
2021: €58k▼ -6.9% vs 2020
2022: €47k▼ -18.3% vs 2021
2023: €44k▼ -6.5% vs 2022lowest in 8 years
2024: €187k▲ +327% vs 2023highest in 8 years
2025: €127k▼ -32.3% vs 2024
2018 → 2025
EBIT margin
41.6%▼ 28.9pp
2024 · 70.5%
2018: 9.0%
2019: 97.6%▲ +981% vs 2018highest in 8 years
2020: 66.5%▼ -31.8% vs 2019
2021: -1.9%▼ -103% vs 2020
2022: 11.5%▲ +699% vs 2021
2023: -35.0%▼ -405% vs 2022lowest in 8 years
2024: 70.5%▲ +301% vs 2023
2025: 41.6%▼ -41.0% vs 2024
2018 → 2025
Net result
€35k▼ 61.6%
2024 · €90k
2018: €11k
2019: €60k▲ +470% vs 2018
2020: €27k▼ -55.1% vs 2019
2021: €-6k▼ -124% vs 2020
2022: €5k▲ +180% vs 2021
2023: €-15k▼ -398% vs 2022lowest in 8 years
2024: €90k▲ +688% vs 2023highest in 8 years
2025: €35k▼ -61.6% vs 2024
2018 → 2025
Working capital
€153k▼ 1.3%
2024 · €155k
2018: €119k
2019: €191k▲ +60.4% vs 2018highest in 8 years
2020: €120k▼ -37.0% vs 2019
2021: €69k▼ -42.5% vs 2020lowest in 8 years
2022: €72k▲ +4.3% vs 2021
2023: €70k▼ -2.7% vs 2022
2024: €155k▲ +122% vs 2023
2025: €153k▼ -1.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€58k-€47k▼ 18.3%€44k▼ 6.5%€187k▲ 327%€127k▼ 32.3%
2021: €58k
2022: €47k▼ -18.3% vs 2021
2023: €44k▼ -6.5% vs 2022lowest in 5 years
2024: €187k▲ +327% vs 2023highest in 5 years
2025: €127k▼ -32.3% vs 2024
Equity€300k-€293k▼ 2.3%€254k▼ 13.4%€304k▲ 19.8%€313k▲ 3.2%
2021: €300k
2022: €293k▼ -2.3% vs 2021
2023: €254k▼ -13.4% vs 2022lowest in 5 years
2024: €304k▲ +19.8% vs 2023
2025: €313k▲ +3.2% vs 2024highest in 5 years
Operating result€-1k-€5k€-15k€132k€53k▼ 60.1%
2021: €-1k
2022: €5k▲ +590% vs 2021
2023: €-15k▼ -385% vs 2022lowest in 5 years
2024: €132k▲ +959% vs 2023highest in 5 years
2025: €53k▼ -60.1% vs 2024
Net result€-6k-€5k€-15k€90k€35k▼ 61.6%
2021: €-6k
2022: €5k▲ +180% vs 2021
2023: €-15k▼ -398% vs 2022lowest in 5 years
2024: €90k▲ +688% vs 2023highest in 5 years
2025: €35k▼ -61.6% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €390k
Fixed assets
€160k ▲ 7.9%
Current assets
€230k ▼ 3.2%
Equity and liabilities €390k
Equity
€313k ▲ 3.2%
Debt
€76k ▼ 6.7%
Debt's share of the balance-sheet total falls from 21.2% to 19.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89k▼
2024 · €170k
Cash flow
€71k▼
2024 · €128k
Current ratio
3.01▲
2024 · 2.90
Debt to equity
0.24▼
2024 · 0.27
ROE
11.0%▼
2024 · 29.7%
ROA
8.9%▼
2024 · 23.4%
Interest coverage
182.08▼
2024 · 1769.93
Debt ≤ 1 year
€76k▼
2024 · €82k
Income taxes
€18k▼
2024 · €42k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€386k€390k▲
Fixed assets21/28€148k€160k▲
Tangible fixed assets22/27€148k€160k▲
Land and buildings22€67k€59k▼
Plant, machinery and equipment23€53k€48k▼
Furniture and vehicles24€29k€53k▲
Current assets29/58€237k€230k▼
Amounts receivable within one year40/41€34k€61k▲
Trade receivables40€34k€61k▲
Cash at bank and in hand54/58€203k€168k▼
Equity and liabilities
Total equity and liabilities10/49€386k€390k▲
Equity10/15€304k€313k▲
Contributions10/11€37k€37k=
Capital10€37k€37k=
Issued capital100€37k€37k=
Reserves13€157k€162k▲
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Distributable reserves133€153k€158k▲
Profit (loss) carried forward14€110k€114k▲
Amounts payable17/49€82k€76k▼
Amounts payable within one year42/48€82k€76k▼
Trade debts44€2k€11k▲
Suppliers440/4€2k€11k▲
Taxes, remuneration and social security45€33k€33k▼
Taxes450/3€33k€33k▼
Other amounts payable47/48€47k€32k▼
Accrued charges and deferred income492/3-€1
Income statement
Code20242025
Turnover70€187k€127k▼
Non-recurring operating income76A-€293
Goods, raw materials, services and sundry goods60/61€25k€49k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€36k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€172k€92k▼
Operating profit (loss)9901€132k€53k▼
Financial income75/76B-€565
Recurring financial income75-€565
Financial charges65/66B€96€490▲
Recurring financial charges65€96€490▲
Profit (loss) for the period before taxes9903€132k€53k▼
Income taxes67/77€42k€18k▼
Profit (loss) for the period9904€90k€35k▼
Profit (loss) for the period to be appropriated9905€90k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€210k€144k▼
Profit (loss) brought forward from the previous period14P€119k€110k▼
Transfer from equity791/2€40k€25k▼
Transfer to equity691/2€100k€30k▼
To other reserves6921€100k€30k▼
Profit to be distributed694/7€40k€25k▼
Return on contributions (dividend)694€40k€25k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €58k | €47k | €44k | €187k | €127k | ▼ 32.3% |
| Non-recurring operating income76A | - | - | - | - | €293 | - |
| Goods, raw materials, services and sundry goods60/61 | €29k | €25k | €25k | €25k | €49k | ▲ 101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €35k | €39k | €38k | €36k | ▼ 3.5% |
| Other operating charges640/8 | €3k | €2k | €2k | €2k | €2k | ▲ 22.7% |
| Non-recurring operating charges66A | €755 | - | €1k | - | - | - |
| Gross operating margin9900 | €36k | €42k | €27k | €172k | €92k | ▼ 46.7% |
| Operating profit (loss)9901 | €-1k | €5k | €-15k | €132k | €53k | ▼ 60.1% |
| Financial income75/76B | - | - | - | - | €565 | - |
| Recurring financial income75 | - | - | - | - | €565 | - |
| Financial charges65/66B | €236 | €185 | €81 | €96 | €490 | ▲ 410% |
| Recurring financial charges65 | €236 | €185 | €81 | €96 | €490 | ▲ 410% |
| Profit (loss) for the period before taxes9903 | €-1k | €5k | €-15k | €132k | €53k | ▼ 60.0% |
| Income taxes67/77 | €5k | €54 | €-128 | €42k | €18k | ▼ 56.5% |
| Profit (loss) for the period9904 | €-6k | €5k | €-15k | €90k | €35k | ▼ 61.6% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €5k | €-15k | €90k | €35k | ▼ 61.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €302k | €310k | €287k | €386k | €390k | ▲ 1.1% |
| Fixed assets21/28 | €231k | €221k | €184k | €148k | €160k | ▲ 7.9% |
| Tangible fixed assets22/27 | €231k | €221k | €184k | €148k | €160k | ▲ 7.9% |
| Land and buildings22 | €92k | €84k | €75k | €67k | €59k | ▼ 11.6% |
| Plant, machinery and equipment23 | €70k | €79k | €67k | €53k | €48k | ▼ 8.5% |
| Furniture and vehicles24 | €68k | €58k | €42k | €29k | €53k | ▲ 83.1% |
| Current assets29/58 | €71k | €89k | €104k | €237k | €230k | ▼ 3.2% |
| Amounts receivable within one year40/41 | €17k | €30k | €23k | €34k | €61k | ▲ 79.6% |
| Trade receivables40 | €14k | €29k | €21k | €34k | €61k | ▲ 79.6% |
| Other amounts receivable41 | €3k | €1k | €1k | - | - | - |
| Cash at bank and in hand54/58 | €54k | €59k | €81k | €203k | €168k | ▼ 17.1% |
| Deferred charges and accrued income490/1 | - | €295 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €302k | €310k | €287k | €386k | €390k | ▲ 1.1% |
| Equity10/15 | €300k | €293k | €254k | €304k | €313k | ▲ 3.2% |
| Contributions10/11 | €37k | €37k | €41k | €37k | €37k | = |
| Capital10 | €37k | €37k | - | €37k | €37k | = |
| Issued capital100 | €37k | €37k | - | €37k | €37k | = |
| Reserves13 | €97k | €97k | €93k | €157k | €162k | ▲ 3.2% |
| Non-distributable reserves130/1 | €4k | €4k | - | €4k | €4k | = |
| Legal reserve130 | €4k | €4k | - | €4k | €4k | = |
| Distributable reserves133 | €93k | €93k | €93k | €153k | €158k | ▲ 3.3% |
| Profit (loss) carried forward14 | €166k | €159k | €119k | €110k | €114k | ▲ 4.2% |
| Amounts payable17/49 | €2k | €17k | €34k | €82k | €76k | ▼ 6.7% |
| Amounts payable within one year42/48 | €2k | €17k | €34k | €82k | €76k | ▼ 6.7% |
| Trade debts44 | €2k | €683 | €2k | €2k | €11k | ▲ 409% |
| Suppliers440/4 | €2k | €683 | €2k | €2k | €11k | ▲ 409% |
| Taxes, remuneration and social security45 | - | €4k | €4k | €33k | €33k | ▼ 0.1% |
| Taxes450/3 | - | €4k | €4k | €33k | €33k | ▼ 0.1% |
| Other amounts payable47/48 | - | €13k | €29k | €47k | €32k | ▼ 31.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €5k | €-15k | €90k | €35k | ▼ 61.6% |
| + Depreciation and write-downs630 | €33k | €35k | €39k | €38k | €36k | ▼ 3.5% |
| Operating cash flow (approximation) | €27k | €40k | €23k | €128k | €71k | ▼ 44.5% |
| Investment in fixed assets (approximation) | - | €-25k | €-1k | €-3k | €-48k | ▼ 1,718% |
| Change in cash | - | €5k | €22k | €122k | €-35k | ▼ 129% |
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
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Back to profitnet €90k
Net result €90k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 39.62
Current ratio from 11.16 to 39.62; short-term debt falls from €12k to €2k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 13.99
Current ratio from 3.56 to 13.99; short-term debt falls from €46k to €15k.
Show earlier events
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Jette · 1 establishment unit since 1995
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.
Uyttenhovestraat 801090 Jette1 establishment unit
HETAFIN
since 19952.071.349.579
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,890 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 (pre-2019)
Founded04-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.