Checked.be
Active
BE 0474.448.675Private limited company
HEXA PROJECTS
Vijf Gezusterslaan 2 ·2960 Brecht, Belgium· 25 yrs active
Sector: General construction of other non-residential buildings
(41003)
Conclusion
HEXA PROJECTS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €6k. Equity is shrinking by ~19.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 39% of 7039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €18k |
| Net result | €6k |
| Staff (FTE) | 2.9 |
| Better than sector | 39% |
Financial profile
75
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
78
Profitability
100
Solvency
64
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2001, 25 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
78
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€2k
estimate, not credit advice
Score history
93
2021
100
2022
65
2023
100
2024
78
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.49 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.49 (≥ 1.0)
+5
Leverage
Debt/equity 1.94 (< 2.0)
+3
Profitability
ROE 33% (≥ 10%)
+10
Interest coverage
Interest coverage 5.9× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 02-06-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2028, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 34.0% | 43.8% | |
| Net result | €6k | €8k | |
| Equity | €18k | €49k | |
| Gross operating margin | €32k | €32k | |
| Staff costs | €18k | €34k |
€12k
-47.5%
21-25
€6k
-57.4%
21-25
€7k
-53.3%
21-25
€52k
+23.2%
21-25
€18k
-51.8%
21-25
€17k
-50.7%
21-25
3
-3.3%
21-25
€18k
+20.3%
21-25
€3k
-42.4%
21-25
€25k
+189.2%
21-25
€34k
+518.8%
21-25
€34k
+518.8%
21-25
1.49
-79.2%
21-25
1.49
-79.2%
21-25
34.0%
-60.9%
21-25
1.94
+1183.2%
21-25
33.4%
-11.7%
21-25
11.3%
-65.5%
21-25
5.93
-38.5%
21-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | -47.5% | +670.9% | -89.1% | +27.7% | - |
| Net profit | -57.4% | - | - | +56.7% | - |
| Cash flow | -53.3% | +987.9% | -92.5% | +49.0% | - |
| Staff costs | +20.3% | -30.0% | +225.2% | +7.3% | - |
| Income taxes | -42.4% | +1357.7% | -94.2% | -8.2% | - |
| Dividends | +189.2% | -70.6% | - | - | - |
| Total assets | +23.2% | 0.0% | -40.3% | -1.8% | - |
| Equity | -51.8% | +16.8% | -48.5% | +32.5% | - |
| Debt | +518.8% | -48.7% | +11.5% | -62.6% | - |
| of which ≤ 1y | +518.8% | -48.7% | +11.9% | -56.5% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | -50.7% | +23.6% | -51.5% | +29.5% | - |
| Employees (FTE) | -3.3% | +36.4% | +120.0% | +11.1% | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.49 | 7.19 | 3.57 | 6.93 | 2.99 |
| Quick ratio | 1.49 | 7.19 | 3.57 | 6.93 | 2.99 |
| Working capital ratio | 32.6% | 81.4% | 65.8% | 81.1% | 61.5% |
| Solvency | 34.0% | 86.9% | 74.4% | 86.3% | 63.9% |
| Debt / equity | 1.94 | 0.15 | 0.34 | 0.16 | 0.56 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 5.93 | 9.65 | 1.82 | 10.06 | 12.47 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 11.3% | 32.9% | -0.7% | 25.4% | 15.9% |
| ROE | 33.4% | 37.8% | -1.0% | 29.5% | 24.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €52k | €42k | €42k | €71k | €72k |
| Fixed assets | 21/28 | €729 | €2k | €4k | €4k | €5k |
| Tangible fixed assets | 22/27 | €729 | €2k | €4k | €4k | €5k |
| Current assets | 29/58 | €51k | €40k | €39k | €67k | €66k |
| Amounts receivable within one year | 40/41 | €7k | €2k | €5k | €37k | €29k |
| Investments | 50/53 | - | - | - | €2k | - |
| Cash & bank | 54/58 | €36k | €33k | €28k | €26k | €36k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €52k | €42k | €42k | €71k | €72k |
| Equity | 10/15 | €18k | €37k | €31k | €61k | €46k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €11k | €30k | €25k | €55k | €41k |
| Accumulated profits (losses) | 14 | €0 | €0 | - | - | €-2k |
| Amounts payable | 17/49 | €34k | €6k | €11k | €10k | €26k |
| Amounts payable within one year | 42/48 | €34k | €6k | €11k | €10k | €22k |
| Trade debts payable within one year | 44 | €5k | €909 | €3k | €1k | €14k |
| Income statement | ||||||
| Gross operating margin | 9900 | €32k | €40k | €26k | €35k | €30k |
| Operating result | 9901 | €10k | €21k | €1k | €25k | €19k |
| Financial income | 75 | €389 | €564 | €477 | €1k | €107 |
| Financial charges | 65 | €2k | €2k | €2k | €3k | €2k |
| Result before taxes | 9903 | €9k | €19k | €33 | €24k | €18k |
| Income taxes | 67/77 | €3k | €5k | €336 | €6k | €6k |
| Net result for the period | 9904 | €6k | €14k | €-303 | €18k | €11k |
| Result to be appropriated | 9905 | €6k | €14k | €-303 | €18k | €11k |
Legal Structure
| NACE primary | General construction of other non-residential buildings(41003) |
| Legal form | Private limited company(610) |
| Incorporation | 29-03-2001 |
| Status | Active |
| Postal code | 2960 |
Establishment units
HEXA PROJECTS
since 20012.093.167.453
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11332L0024/00C005 | Flanders | 825 m² | 1 · 115 m² | 7.9 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 7.19
Current ratio from 3.57 to 7.19; short-term debt falls from €11k to €6k.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-303 ▼102%
Net result drops to €-303, the lowest in the series; recovery starts the following year.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €18k ▲56.7%
Operating result €25k, net result €18k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.93
Current ratio from 2.99 to 6.93; short-term debt falls from €22k to €10k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
General construction of other non-residential buildings41003Landscape service activities81300Plumbing work43221
Names & trade names
| Legal nameNL | HEXA PROJECTS |
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