HEVAB
ActiveSummary
HEVAB has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €453,747 and a net result of €8,204. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 55% of 1697 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability48▲+8
Solvency70▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 4.69 against 4.38 in 2023; short-term debt: 5.1% and cash: 5% of total assets), but 55.1% of the assets are financed with debt.
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Signals
Five 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
26 d late
2022
11 d late
2021
57 d late
2020
23 d late
2019
69 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 35 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€453,747▲ 1.8%
2023 · €445,543
Total assets
€1.0m▼ 0.9%
2023 · €1.0m
Net result
€8,204▲ 153%
2023 · €3,245
Working capital
€188,923▲ 9.2%
2023 · €173,033
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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€11,408▼ 54.9%€4,583▼ 59.8%€31,006▲ 576%€19,210▼ 38.0%€27,676▲ 44.1%
Net result-€5,210below the sector's middle half-€11,608within the sector's middle half▼ 123%€14,878within the sector's middle half€3,245below the sector's middle half▼ 78.2%€8,204below the sector's middle half▲ 153%
Equity€439,028within the sector's middle half▼ 1.2%€427,420within the sector's middle half▼ 2.6%€442,298within the sector's middle half▲ 3.5%€445,543within the sector's middle half▲ 0.7%€453,747within the sector's middle half▲ 1.8%
Total assets€1.0mwithin the sector's middle half▼ 1.0%€1.0mwithin the sector's middle half▲ 0.2%€995,700within the sector's middle half▼ 1.9%€1.0mwithin the sector's middle half▲ 2.3%€1.0mwithin the sector's middle half▼ 0.9%
Debt€573,699▼ 0.8%€587,666▲ 2.4%€553,402▼ 5.8%€573,185▲ 3.6%€556,154▼ 3.0%
Working capital€168,640within the sector's middle half▲ 6.9%€155,990within the sector's middle half▼ 7.5%€172,659within the sector's middle half▲ 10.7%€173,033within the sector's middle half▲ 0.2%€188,923within the sector's middle half▲ 9.2%
Solvency43.4%within the sector's middle half▼ 0.1pp42.1%within the sector's middle half▼ 1.2pp44.4%within the sector's middle half▲ 2.3pp43.7%within the sector's middle half▼ 0.7pp44.9%within the sector's middle half▲ 1.2pp
Current ratio7.26above the sector's middle half▼ 2.923.62above the sector's middle half▼ 3.645.31above the sector's middle half▲ 1.704.38above the sector's middle half▼ 0.944.69above the sector's middle half▲ 0.31
Return on assets (ROA)-0.5%below the sector's middle half▼ 2.5pp-1.1%within the sector's middle half▼ 0.6pp1.5%within the sector's middle half▲ 2.6pp0.3%below the sector's middle half▼ 1.2pp0.8%below the sector's middle half▲ 0.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 44% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€769,788 ▼ 3.1%
Current assets
€240,112 ▲ 7.1%
Equity and liabilities €1.0m
Equity
€453,747 ▲ 1.8%
Debt
€556,154 ▼ 3.0%
Debt's share of the balance-sheet total falls from 56.3% to 55.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,361▲
2023 · €40,013
Cash flow
€32,889▲
2023 · €24,048
Quick ratio
2.07▲
2023 · 1.50
Debt to equity
1.23▼
2023 · 1.29
ROE
1.8%▲
2023 · 0.7%
Interest coverage
3.38▲
2023 · 2.53
Debt ≤ 1 year
€51,190▼
2023 · €51,221
Debt > 1 year
€504,964▼
2023 · €521,964
Income taxes
€3,999▲
2023 · €168
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 14,733 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,878 | €22,147 | €18,153 | €20,803 | €24,686 | ▲ 18.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €23,240 | - |
| Other operating charges640/8 | - | €6,547 | €6,274 | €7,341 | €7,572 | ▲ 3.2% |
| Gross operating margin9900 | €52,503 | €33,277 | €55,433 | €47,354 | €83,174 | ▲ 75.6% |
| Operating profit (loss)9901 | €11,408 | €4,583 | €31,006 | €19,210 | €27,676 | ▲ 44.1% |
| Financial income75/76B | - | - | €69 | €25 | €32 | ▲ 29.5% |
| Recurring financial income75 | €0 | - | €69 | €25 | €32 | ▲ 29.5% |
| Financial charges65/66B | - | €15,837 | €15,818 | €15,822 | €15,505 | ▼ 2.0% |
| Recurring financial charges65 | €16,284 | €15,837 | €15,818 | €15,822 | €15,505 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | -€4,876 | -€11,254 | €15,257 | €3,413 | €12,203 | ▲ 258% |
| Income taxes67/77 | €334 | €354 | €379 | €168 | €3,999 | ▲ 2,284% |
| Profit (loss) for the period9904 | -€5,210 | -€11,608 | €14,878 | €3,245 | €8,204 | ▲ 153% |
| Profit (loss) for the period to be appropriated9905 | -€5,210 | -€11,608 | €14,878 | €3,245 | €8,204 | ▲ 153% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.0m | €995,700 | €1.0m | €1.0m | ▼ 0.9% |
| Fixed assets21/28 | €817,162 | €799,526 | €783,027 | €794,474 | €769,788 | ▼ 3.1% |
| Intangible fixed assets21 | €45,087 | €37,572 | €30,058 | €22,543 | €15,029 | ▼ 33.3% |
| Tangible fixed assets22/27 | €772,076 | €761,954 | €752,969 | €771,930 | €754,759 | ▼ 2.2% |
| Land and buildings22 | - | €757,061 | €747,342 | €737,623 | €727,904 | ▼ 1.3% |
| Plant, machinery and equipment23 | - | €4,893 | €4,084 | €3,486 | €3,035 | ▼ 12.9% |
| Furniture and vehicles24 | - | €0 | €1,543 | €30,821 | €23,820 | ▼ 22.7% |
| Current assets29/58 | €195,565 | €215,560 | €212,673 | €224,255 | €240,112 | ▲ 7.1% |
| Amounts receivable after more than one year29 | - | €23,240 | €23,240 | €23,240 | €0 | ▼ 100% |
| Trade receivables290 | - | €23,240 | €23,240 | €23,240 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €101,644 | €137,365 | €129,225 | €147,530 | €134,385 | ▼ 8.9% |
| Stocks30/36 | - | €137,365 | €129,225 | €147,530 | €134,385 | ▼ 8.9% |
| Amounts receivable within one year40/41 | €55,331 | €52,606 | €56,063 | €50,239 | €54,920 | ▲ 9.3% |
| Trade receivables40 | - | €46,843 | €52,859 | €45,066 | €49,739 | ▲ 10.4% |
| Other amounts receivable41 | - | €5,763 | €3,204 | €5,173 | €5,181 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €15,350 | €2,349 | €4,146 | €3,246 | €50,807 | ▲ 1,465% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €995,700 | €1.0m | €1.0m | ▼ 0.9% |
| Equity10/15 | €439,028 | €427,420 | €442,298 | €445,543 | €453,747 | ▲ 1.8% |
| Contributions10/11 | €264,000 | €264,000 | €264,000 | €264,000 | €264,000 | = |
| Capital10 | - | €264,000 | €264,000 | €264,000 | €264,000 | = |
| Issued capital100 | - | €264,000 | €264,000 | €264,000 | €264,000 | = |
| Revaluation surpluses12 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €30,238 | €30,238 | €30,238 | €31,543 | €39,747 | ▲ 26.0% |
| Non-distributable reserves130/1 | - | €2,181 | €2,181 | €2,247 | €2,657 | ▲ 18.3% |
| Legal reserve130 | - | €2,181 | €2,181 | €2,247 | €2,657 | ▲ 18.3% |
| Distributable reserves133 | - | €28,056 | €28,056 | €29,296 | €37,090 | ▲ 26.6% |
| Profit (loss) carried forward14 | -€5,210 | -€16,818 | -€1,940 | €0 | - | - |
| Amounts payable17/49 | €573,699 | €587,666 | €553,402 | €573,185 | €556,154 | ▼ 3.0% |
| Amounts payable after more than one year17 | €546,775 | €528,097 | €513,387 | €521,964 | €504,964 | ▼ 3.3% |
| Financial debts170/4 | - | - | - | €188,169 | €188,169 | = |
| Other amounts payable178/9 | - | €528,097 | €513,387 | €333,795 | €316,795 | ▼ 5.1% |
| Amounts payable within one year42/48 | €26,925 | €59,569 | €40,014 | €51,221 | €51,190 | ▼ 0.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,500 | €5,625 | ▼ 25.0% |
| Trade debts44 | €26,307 | €52,481 | €22,510 | €40,343 | €40,595 | ▲ 0.6% |
| Suppliers440/4 | - | €52,481 | €22,510 | €40,343 | €40,595 | ▲ 0.6% |
| Taxes, remuneration and social security45 | - | €688 | €733 | €816 | €3,436 | ▲ 321% |
| Taxes450/3 | - | €688 | €733 | €816 | €3,436 | ▲ 321% |
| Other amounts payable47/48 | - | €6,400 | €16,771 | €2,562 | €1,534 | ▼ 40.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,210 | -€11,608 | €14,878 | €3,245 | €8,204 | ▲ 153% |
| + Depreciation and write-downs630 | €31,878 | €22,147 | €18,153 | €20,803 | €24,686 | ▲ 18.7% |
| Operating cash flow (approximation) | €26,668 | €10,539 | €33,031 | €24,048 | €32,889 | ▲ 36.8% |
| Investment in fixed assets (approximation) | - | -€4,511 | -€1,653 | -€32,250 | €0 | ▲ 100% |
| Change in cash | - | -€13,001 | €1,796 | -€900 | €47,562 | ▲ 5,383% |
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
31-12
Financial
Back to profitnet €14,878
Net result €14,878 after 2 loss-making years.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 57 days late
2021
31-12
Financial
Weakest financial yearnet -€11,608
Net result drops to -€11,608, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
31-12
Financial
Highest result since 2018net €20,102 ▲1,768%
Net result €20,102, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Hulshout · 2 establishment units since 1997
Ground area
1.6 ha
Building footprint
720 m²
Volume, LiDAR
926 m³
2 parcels, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
HEVAB
since 19972.079.755.521
HEVAB
since 20172.258.905.910
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049D0773/00D005 | Flanders | 1.3 ha | 1 · 232 m² | 6.0 m · 1 fl. |
| 13016A0181/00A000 | Flanders | 2,535 m² | 1 · 488 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 476 EUR awarded · 476 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 476 EUR | 476 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
2 sitesHulshout2.079.755.521
Westerlo2.258.905.910
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Of 20,584 companies in sector 01500 we hold annual accounts for 1,149. 915 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-12-1996
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459546408
Also
9925:BE0459546408
Registered
03-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.