Summary
HETREFIL 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 €4.3m and a net result of €92,899. Equity is growing by about 2.8% per year across the filed financial years. Its solvency ranks better than 89% of 9,737 sector peers (NACE 64, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
€4.8mtotal assets 2025
- Equity
- €4.3m
- Profit
- €92,899
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Signalsraises risk2025 accounts filed 11 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 11 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
11 days late
2024
20 days late
2023
1 day early
2022
5 days early
2021
18 days early
2020
13 days early
2019
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% 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 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (11 days) Filed on 11 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00392936.
Equity
€4.3m▲ 2.2%
2024 · €4.2m
Net result
€92,899▼ 32.3%
2024 · €137,224
Total assets
€4.8m▲ 1.9%
2024 · €4.7m
Solvency
91.1%▲ 0.2pp
2024 · 90.9%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €23,630 in 2025 against €28,058 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.02m
2025
Net result€0.09m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.8m
2025
Equity€4.3m
2025
Debt€0.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€4.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency91.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio70.94
2021
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.02m--€0.03m-€0.03m▼ 34.7%-€0.03m▲ 2.3%-€0.04m▼ 18.5%-€0.04m▲ 12.0%-€0.03m▲ 20.3%-€0.02m▲ 15.8%
Net result-€0.3m-€0.3m€0.2mabove the sector's middle half▼ 47.9%€0.1mabove the sector's middle half▼ 22.4%-€0.2mbelow the sector's middle half€0.2mabove the sector's middle half€0.1mabove the sector's middle half▼ 24.4%€0.09mabove the sector's middle half▼ 32.3%
Equity€3.5m-€3.8m▲ 9.3%€4.0mabove the sector's middle half▲ 4.4%€4.1mabove the sector's middle half▲ 3.3%€3.9mabove the sector's middle half▼ 5.3%€4.1mabove the sector's middle half▲ 4.6%€4.2mabove the sector's middle half▲ 3.3%€4.3mabove the sector's middle half▲ 2.2%
Total assets€3.6m-€3.9m▲ 9.2%€4.1mabove the sector's middle half▲ 5.1%€4.6mabove the sector's middle half▲ 13.5%€4.4mabove the sector's middle half▼ 5.9%€4.5mabove the sector's middle half▲ 4.3%€4.7mabove the sector's middle half▲ 3.0%€4.8mabove the sector's middle half▲ 1.9%
Debt€0.03m-€0.03m▲ 0.8%€0.06m▲ 83.2%€0.5m▲ 718%€0.4m▼ 11.5%€0.4m▲ 0.9%€0.4m▲ 0.1%€0.4m▼ 0.8%
Working capital€3.4m-€3.6m▲ 5.4%€3.5mabove the sector's middle half▼ 2.5%€4.1mabove the sector's middle half▲ 16.1%€3.8mabove the sector's middle half▼ 5.1%€4.0mabove the sector's middle half▲ 4.8%€4.2mabove the sector's middle half▲ 3.5%€4.2mabove the sector's middle half▲ 1.6%
Solvency99.1%-99.2%▲ 0.1pp98.6%above the sector's middle half▼ 0.6pp89.7%above the sector's middle half▼ 8.9pp90.3%above the sector's middle half▲ 0.6pp90.6%above the sector's middle half▲ 0.3pp90.9%above the sector's middle half▲ 0.3pp91.1%above the sector's middle half▲ 0.2pp
Current ratio60.80above the sector's middle half70.94above the sector's middle half▲ 10.13
Return on assets (ROA)-7.3%-8.4%▲ 15.7pp4.2%within the sector's middle half▼ 4.2pp2.8%within the sector's middle half▼ 1.3pp-5.0%below the sector's middle half▼ 7.9pp4.0%within the sector's middle half▲ 9.0pp2.9%within the sector's middle half▼ 1.1pp1.9%within the sector's middle half▼ 1.0pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.8m
Fixed assets
€521,426 ▲ 5.2%
Current assets
€4.2m ▲ 1.5%
Equity and liabilities €4.8m
Equity
€4.3m ▲ 2.2%
Debt
€424,261 ▼ 0.8%
Debt's share of the balance-sheet total falls from 9.1% to 8.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
2.1%▼
2024 · 3.2%
Debt ≤ 1 year
€4,261▼
2024 · €7,513
Debt > 1 year
€420,000=
2024 · €420,000
Income taxes
€8,760
A ratio outside any meaningful range has been withheld (balance sheet total €4.8m, equity €4.3m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,127 | €16,712 | €13,694 | €11,168 | €10,946 | €8,515 | €8,515 | €8,268 | ▼ 2.9% |
| Other operating charges640/8 | - | - | - | €2,919 | €3,540 | €3,918 | €4,317 | €4,446 | ▲ 3.0% |
| Gross operating margin9900 | €49,886 | -€6,390 | -€18,112 | -€19,711 | -€25,558 | -€22,787 | -€15,226 | -€10,916 | ▲ 28.3% |
| Operating profit (loss)9901 | €21,659 | -€25,682 | -€34,586 | -€33,799 | -€40,045 | -€35,221 | -€28,058 | -€23,630 | ▲ 15.8% |
| Financial income75/76B | - | - | - | €195,909 | €124,875 | €69,167 | €163,280 | €155,316 | ▼ 4.9% |
| Recurring financial income75 | €77,032 | €35,110 | €267,190 | €195,909 | €124,875 | €69,167 | €163,280 | €155,316 | ▼ 4.9% |
| Financial charges65/66B | - | - | - | €18,808 | €303,832 | -€147,665 | -€2,002 | €30,027 | - |
| Recurring financial charges65 | €326,441 | -€318,022 | €405 | €18,808 | €303,832 | -€147,665 | -€2,002 | €30,027 | - |
| Profit (loss) for the period before taxes9903 | -€227,750 | €327,450 | €232,198 | €143,303 | -€219,002 | €181,612 | €137,224 | €101,659 | ▼ 25.9% |
| Income taxes67/77 | €30,061 | €1,559 | €62,395 | €11,505 | - | - | - | €8,760 | - |
| Profit (loss) for the period9904 | -€257,811 | €325,891 | €169,803 | €131,798 | -€219,002 | €181,612 | €137,224 | €92,899 | ▼ 32.3% |
| Profit (loss) for the period to be appropriated9905 | -€257,811 | €325,891 | €169,803 | €131,798 | -€219,002 | €181,612 | €137,224 | €92,899 | ▼ 32.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.6m | €3.9m | €4.1m | €4.6m | €4.4m | €4.5m | €4.7m | €4.8m | ▲ 1.9% |
| Fixed assets21/28 | €0.1m | €0.3m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 5.2% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.1m | €0.09m | €0.08m | €0.07m | €0.06m | €0.05m | ▼ 13.4% |
| Land and buildings22 | - | - | - | €0.09m | €0.08m | €0.07m | €0.06m | €0.05m | ▼ 13.4% |
| Furniture and vehicles24 | - | - | - | €0.003m | €493 | €247 | - | - | - |
| Financial fixed assets28 | - | €0.2m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 7.8% |
| Current assets29/58 | €3.4m | €3.6m | €3.6m | €4.1m | €3.9m | €4.0m | €4.2m | €4.2m | ▲ 1.5% |
| Amounts receivable after more than one year29 | - | - | - | €0.003m | €13 | - | - | - | - |
| Trade receivables290 | - | - | - | €0.003m | €13 | - | - | - | - |
| Amounts receivable within one year40/41 | €0.03m | €0.002m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 44.1% |
| Trade receivables40 | - | - | - | - | - | €205 | €0.003m | €166 | ▼ 94.6% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 43.2% |
| Current investments50/53 | €3.3m | €3.4m | €3.3m | €3.9m | €3.6m | €3.8m | €4.0m | €4.0m | ▲ 1.8% |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.1m | €0.1m | €0.04m | €0.02m | €0.04m | €0.1m | ▲ 229% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | - | €0.01m | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.6m | €3.9m | €4.1m | €4.6m | €4.4m | €4.5m | €4.7m | €4.8m | ▲ 1.9% |
| Equity10/15 | €3.5m | €3.8m | €4.0m | €4.1m | €3.9m | €4.1m | €4.2m | €4.3m | ▲ 2.2% |
| Contributions10/11 | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Capital10 | - | - | - | €4.0m | €4.0m | - | - | - | - |
| Issued capital100 | - | - | - | €4.0m | €4.0m | - | - | - | - |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 34.7% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | - | - | - | - |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.07m | €0.07m | €0.3m | €0.3m | €0.3m | ▲ 34.7% |
| Profit (loss) carried forward14 | -€0.7m | -€0.4m | -€0.2m | -€0.1m | -€0.3m | -€0.1m | -€0.005m | - | - |
| Amounts payable17/49 | €0.03m | €0.03m | €0.06m | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 0.8% |
| Amounts payable after more than one year17 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Financial debts170/4 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Amounts payable within one year42/48 | €0.03m | €0.03m | €0.06m | €0.06m | €0.003m | €0.007m | €0.008m | €0.004m | ▼ 43.3% |
| Financial debts43 | - | - | - | €0.001m | €0.002m | €0.005m | €0.004m | €0.003m | ▼ 30.0% |
| Credit institutions430/8 | - | - | - | €0.001m | €0.002m | €0.005m | €0.004m | €0.003m | ▼ 30.0% |
| Trade debts44 | €0.001m | €402 | €0.002m | €0.06m | €0.001m | €0.002m | €0.003m | €0.001m | ▼ 75.7% |
| Suppliers440/4 | - | - | - | €0.06m | €0.001m | €0.002m | €0.003m | €0.001m | ▼ 75.7% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €448 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €448 | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €0.001m | €74 | ▼ 86.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€257,811 | €325,891 | €169,803 | €131,798 | -€219,002 | €181,612 | €137,224 | €92,899 | ▼ 32.3% |
| + Depreciation and write-downs630 | €26,127 | €16,712 | €13,694 | €11,168 | €10,946 | €8,515 | €8,515 | €8,268 | ▼ 2.9% |
| Operating cash flow (approximation) | -€231,684 | €342,603 | €183,498 | €142,966 | -€208,056 | €190,127 | €145,739 | €101,167 | ▼ 30.6% |
| Investment in fixed assets (approximation) | - | -€159,724 | -€271,990 | -€987 | €0 | -€6,000 | -€6,000 | -€34,000 | ▼ 467% |
| Change in cash | - | €67,582 | -€44,885 | -€7,750 | -€66,302 | -€20,888 | €11,910 | €80,967 | ▲ 580% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 11-08-2026 | 2026-00392936 |
| 31-12-2024 | micro format | 20-08-2025 | 2025-00387414 |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00316567 |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00272957 |
| 31-12-2021 | micro format | 13-07-2022 | 2022-20179952 |
| 31-12-2020 | micro format | 18-07-2021 | 2021-36900598 |
| 31-12-2019 | micro format | 22-07-2020 | 2020-32500026 |
| 31-12-2018 | micro format | 28-07-2019 | 2019-39600043 |
| 31-12-2017 | micro format | 27-07-2018 | 2018-40400376 |
| 31-12-2016 | micro format | 28-07-2017 | 2017-38400149 |
Similar companies · same sector, comparable size
SOLVAS
BE 0828.146.606
Lievegem · equity €4,340,734
LISALIM
BE 0416.580.455
Nazareth-De Pinte · equity €4,341,490
SOPRACO
BE 0507.988.901
Geel · equity €4,337,629
R.B.M. SERVICES
BE 0456.432.411
Mechelen · equity €4,346,530
HOOCAF
BE 0690.915.855
Waregem · equity €4,333,263
Of the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,124. 8,605 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2023
Claerhout Filip
CurrentStatutory director · since 04-07-2023
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
2 of this company's 3 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2023, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Claerhout Filip |
|
Owners and capital
Capital and shareholders
Capital over the years
- 04-07-2023 Converted to available equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
financial year 2025 · micro format · 11 days late
2025
20-08
NBB filing
Annual accounts filed
financial year 2024 · micro format · 20 days late
2024
30-07
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial
Back to profitnet €181,612
Net result €181,612 after one loss-making year.
26-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
04-07
Gazette deed
Resignation: Claerhout Filip (statutory manager)Appointment: Claerhout Filip (statutory director) · Amendment of the articles · Capital conversion5 facts ▸
Gazette deed
Resignation: Claerhout Filip (statutory manager)
Appointment: Claerhout Filip (statutory director) · Amendment of the articles · Capital conversion5 facts ▸
- Amendment of the articles (2 times)
- Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
- Director resignation, Claerhout Filip (statutory manager)
- Director appointment, Claerhout Filip (statutory director)
- Shareholding, 400
2022
31-12
Financial
Liquidity times 17current ratio 1208.39
Current ratio from 70.94 to 1208.39; short-term debt falls from €57,989 to €3,187.
13-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
18-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
22-07
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
31-12
Financial
Back to profitnet €325,891
Net result €325,891 after one loss-making year.
28-07
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
27-07
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
28-07
NBB filing
Annual accounts filed
financial year 2016 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 14 annual accounts filed, the latest 10 are here; all 14 are under Financials.
1 of 3 deeds read
About the unread acts
Of the 3 Belgian Official Gazette deeds 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Register details
Identification
Legal formPrivate limited company
Founded28-11-2011
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841377505
Also
9925:BE0841377505
Registered
02-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
967600XBONIOU5DYJZ35
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2012
Ground area
733 m²
Building footprint
270 m²
Building volume
2,388 m³
Parcel 34013A1207/00D005, Flanders · tallest building 11.8 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Forestier Ingelramstraat 20, 8530 Harelbeke
since 2012unit no. 2.205.304.007
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34013A1207/00D005 | Flanders | 733 m² | 1 · 270 m² | 11.8 m · 3 |
How the parcels are linked
Good to know
The parcel matches the address exactly.