Financials
- Fiscal year
- 2025
- Total assets
- €163,533
- Profit
- €76,651
- Solvency
- 49.6%
HEtoiture
ActiveSummary
HEtoiture has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81,151 and a net result of €76,651. Its solvency ranks better than 53% of 33943 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Insulation installation
NACE 43230NACE 43291Roofing work NACE 43410
1 site
Size
€163,533total assets 2025
- Staff
- 0.8 FTE
- Equity
- €81,151
- Profit
- €76,651
Turnover not published (abridged schema)
Structure
Accounts filed 27 d late1 of 3 deeds read
Why 72- Founded in 2024- Size: total assets €163,533+ Liquidity: current ratio 1.60, cash €46,164+ Equity €81,151 (49.6% of total assets)Show the evidence
Checked score
Score 2025
72
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 73% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength
Strong
Solvency
75
equity 49.6% of total assets
Liquidity
73
short-term debt 29.8% · cash 28.2%
Profitability
100
return on assets 46.9%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2025: 1.9%
01-2026: 1.9%▲ +2.7% vs 12-2025
02-2026: 2.3%▲ +19.0% vs 01-2026
03-2026: 2.4%▲ +5.2% vs 02-2026
04-2026: 2.4%▲ +0.5% vs 03-2026
05-2026: 2.7%▲ +11.5% vs 04-2026
06-2026: 3.0%▲ +10.3% vs 05-2026
07-2026: 3.0%▲ +1.8% vs 06-2026highest value
08-2026: 2.9%▼ -3.1% vs 07-2026
09-2026: 0.6%▼ -80.1% vs 08-2026lowest value
10-2026: 0.6%▲ +4.8% vs 09-2026
- Liquidity: current ratio 1.60, cash €46,164 lowers the probability
- Founded in 2024 raises the probability for this profile
- Size: total assets €163,533 raises the probability for this profile
- Equity €81,151 (49.6% of total assets) lowers the probability
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.6; short-term debt: 29.8% and cash: 28.2% of total assets), but 50.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 54%, liquidity 71%, profitability 93%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
- Annual accounts filedfiscal year 2025 · micro…
- Resignation: Rodrigue Frangieh (director)Permanent representative: Edouard Dieudonné ·…
Key points
By topic
Timeline
- Events
- 2
- Since
- 2026
- 27-08-2026Annual accounts filed
- 28-05-2026Resignation: Rodrigue Frangieh (director)
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Insulation installationNACE 43230
- Founded
- 05-11-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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