Equity
€69,422 from €277,106 in 2022
Equity fell by 75% in 3 years.
HEXA
Lifetime
10 annual accounts with figures on one time axispeak €169,625 (2019)
€45,461▼ 3.2%
peak €121,203 (2019)
€17,286▼ 13.5%
peak €277,106 (2022)
€69,422▼ 67.3%
€332,457▲ 82.1%
Board1 name since 2016
1 directorLeen KETELS
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Dividend €160,000Equity from €212,136 to €69,422Debts from €182,579 to €332,457
Key points
from the 2025 annual accountsTurnover
≈ €130,000 estimated
The accounts state no turnover.
Debts
€332,457 ▲ 82.1%
Debts rose by €149,878 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Liquidity
0.65 was 5.97 in 2024
Short-term debts rose from €18,784 to €177,559.
Filings
10 annual accounts since 2016
The last five annual accounts were filed 1 to 33 days before the end of the period.
Position in the sector
17.3%
Lower solvency than 81% of companies in legal and accounting. Sector median 56.8% · 15,824 companies.
Checked score
90
Excellent
Financially stronger than 17% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,107 companies (NACE 69, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
lowers risk
Sector: Legal and accounting activities (NACE 69)
Size: total assets €401,879
Figures for financial year 2025 (filed on 30-06-2026)
Founded in 2016
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 21% of them on solvency, 15% on liquidity, 25% on profitability and 8% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as HEXA has now. Each dot stands for 12 companies, two years later.
96.9%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HEXA itself is lower: < 0.1% within 12 months. It rests on far more data about HEXA than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,508 companies, not a prediction for HEXA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.65 (5.97 in 2024), below 1. Short-term debt is 44.2% and cash 8.4% of total assets. 82.7% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 15824 sector peers (2025).
NBB · sector comparisonPosition among 15824 sector peers
Solvency
better than 18%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
1 day early
2023
21 days early
2022
33 days early
2021
2 days early
2020
29 days early
2019
49 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% 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 11 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0649598013
Company renamed from Leen Ketels Advocatenkantoor to HEXA BV
Reappointment: Leen KETELS (director) · General meeting of 27-10-2022 · Gazette deed
Registered office moved from Leefdaal to Neerijse
New registered office: Kamstraat 25 te 3040 Neerijse · Previous registered office: Elzenstraat 7A, 3061 Leefdaal · Gazette deed
Incorporation
published on 07-03-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HEXA Huldenberg | €401,879 | €45,461 | 17.3% | - |
| SPOSTA Brecht | €433,939 | €44,727 | 20.2% | - |
| ROCCABELLA Temse | €332,686 | €47,205 | 32.5% | - |
| Wiin Zaventem | €369,476 | €58,883 | 19.7% | - |
| R.E. LITIGATION & CONSULTING Overijse | €488,655 | €52,247 | 25.4% | - |
| Meanders Consulting Bayart Meise | €290,398 | €37,892 | 98.3% | - |
| TraxleReal Kraainem | €406,650 | €32,190 | -1.3% | - |
These companies have the same main activity as HEXA: other legal services (NACE 69109). They are comparable in size and age: total assets between €290,000 and €489,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 03-03-2016Normal situation
- Activity
- Other legal servicesNACE 69109and 1 other
- Establishment unit
- 2.250.833.0353040 Huldenberg, since 03-03-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €401,879▲ 1.8%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on HEXA
HEXA files the micro format. That format states no turnover. The gross margin fell from €61,071 in 2016 to €45,461 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HEXA
- What is the company number of HEXA?
- The company number of HEXA is 0649.598.013. The VAT number is the same number with BE in front: BE 0649.598.013.
- Where is HEXA based?
- The registered office is at Kamstraat 25, 3040 Huldenberg.Company details
- What does HEXA do?
- According to the KBO register, the main activity is other legal services (NACE 69109).
- What is the legal form of HEXA?
- HEXA is a private limited company (BV).
- When was HEXA founded?
- HEXA was founded on 03-03-2016.
- Is HEXA still active?
- Yes, HEXA is an active enterprise in the KBO register.
- What is the turnover of HEXA?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €45,461 and 68 comparable companies (NACE 69). It probably lies between €81,000 and €160,000.Financials
- Is HEXA profitable?
- In financial year 2025, HEXA made a profit of €17,286.
- Where can I find the annual accounts of HEXA?
- HEXA filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HEXA due?
- HEXA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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