Equity
€6,371 ▼ 66.3%
HEXABEL paid out €19,000 in dividends. That is 294% of the 2025 profit.
HEXABEL
Overview
Lifetime
6 annual accounts with figures on one time axispeak €48,502 (2024)
€27,446▼ 43.4%
lowest -€22,934 (2021)
€6,466▼ 84.0%
peak €18,905 (2024)
€6,371▼ 66.3%
€51,603▼ 4.3%
Board1 name since 2024
1 directorMARTIN Nicolas
Documentsfilings and deeds
16-01-202615 days before the deadline
2025micro format
Gross margin from €48,502 to €27,446Result from €40,360 to €6,466Dividend €19,000Equity from €18,905 to €6,371Cash from €67,831 to €24,715
Key points
from the 2025 annual accountsChecked score
90
Excellent
Financially stronger than 21% of micro companies in head offices and management consultancy (NACE 70)
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 48,555 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024highest value
02-2025: < 0.1%▼ -0.2 percentage points 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 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
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%▲ +0.1 percentage points 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%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €6,371 (11.0% of total assets)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €57,974
Liquidity: current ratio 1.11, cash €24,715, halved
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 70, micro). It does better than 17% of them on solvency, 37% on liquidity, 22% on profitability and 10% on growth.
The bankruptcy probability was computed on 06-11-2026 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 30-06-2025.
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, 6,713 companies had the same profile as HEXABEL has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HEXABEL itself is lower: 0.1% within 12 months. It rests on far more data about HEXABEL 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 6,713 companies, not a prediction for HEXABEL. 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 €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.11 (1.33 in 2024), below the usual 1.5. Short-term debt is 89% and cash 42.6% of total assets. 89% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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 17% of 39342 sector peers (2025).
NBB · sector comparisonPosition among 39342 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-01-2026, 15 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
15 days early
2024
14 days early
2023
5 days late
2022
24 days late
2021
25 days late
2020
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 8 days after the deadline. In the sector (NACE 70), 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 financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 5 February (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
30-06-2026 year end07-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0728742489
First establishment
Rue du Blanc-Ry 47, Ottignies-Louvain-la-Neuve
Incorporation
published on 25-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HEXABEL Ottignies-Louvain-la-Neuve | €57,974 | €27,446 | 11.0% | - |
| IcK consult Genappe | €59,576 | €27,675 | -117.5% | - |
| FINality Consulting Ottignies-Louvain-la-Neuve | €63,078 | €29,953 | 69.6% | - |
| DOUBLE BUFFER Nivelles | €54,144 | €23,956 | 9.2% | - |
| SPOMACOM Lasne | €58,227 | €29,986 | 28.7% | - |
| UNLIMITED POTENTIAL Lasne | €58,685 | €23,592 | 17.0% | - |
| Rev-Op Waterloo | €67,402 | €24,072 | 54.8% | - |
These companies have the same main activity as HEXABEL: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €54,100 and €67,400, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 21-06-2019Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.290.794.5601340 Ottignies-Louvain-la-Neuve, since 01-08-2019
- Financial year end
- 30 June
- Peppol
- Reachable since 13-11-2025
Annual accounts to 30-06-2025
- €27,446▼ 43.4%
- ≈ €80,000estimated
- €6,466▼ 84.0%
- €6,371▼ 66.3%
- €57,974▼ 20.4%
- Filing
- Filed on 16-01-2026, 15 days before the end of the filing period
Insights on HEXABEL
HEXABEL files the micro format. That format states no turnover. The gross margin rose from €24,240 in 2020 to €27,446 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 16-01-2026, 15 days before the deadline€27,446
▼ 43.4%
€26,718
▼ 43.4%
€6,466
▼ 84.0%
€5,502
▼ 68.7%
11.0%
▼ 15.0 percentage points
1.11
▼ 0.22
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €80,000. Estimated: probably between €48,000 and €110,000.
Balance sheet
balance sheet total €57,974 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
11.0%
Higher than 17% of 39,342 companies in 2025.
1.11
Higher than 28% of 38,027 companies in 2025.
11.2%
Higher than 44% of 38,499 companies in 2025.
HEXABEL
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
57,974 | 72,841 | 15,348 | 18,497 | 32,720 | 52,118 | |
21/28 |
869 | 1,338 | 679 | 1,603 | 10,388 | 19,174 | |
22/27 |
869 | 1,338 | 679 | 1,603 | 10,388 | 19,174 | |
24 |
869 | 1,338 | 679 | 1,603 | 10,388 | 19,174 | |
29/58 |
57,104 | 71,504 | 14,669 | 16,894 | 22,332 | 32,944 | |
40/41 |
31,489 | 2,399 | 1,636 | 5,884 | 3,560 | 2,969 | |
40 |
30,069 | 979 | 1,609 | 5,869 | 2,239 | 2,969 | |
41 |
1,421 | 1,421 | 28 | 15 | 1,321 | - | |
54/58 |
24,715 | 67,831 | 13,033 | 11,011 | 18,772 | 29,976 | |
490/1 |
901 | 1,274 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
57,974 | 72,841 | 15,348 | 18,497 | 32,720 | 52,118 | |
10/15 |
6,371 | 18,905 | -20,621 | -8,037 | -9,474 | 13,459 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
10 |
- | - | 5,000 | 5,000 | - | - | |
100 |
- | - | 5,000 | 5,000 | 5,000 | 5,000 | |
14 |
1,371 | 13,905 | -25,621 | -13,037 | -14,474 | 8,459 | |
17/49 |
51,603 | 53,936 | 35,969 | 26,535 | 42,194 | 38,659 | |
17 |
- | - | 490 | 6,254 | 11,811 | 17,167 | |
170/4 |
- | - | 490 | 6,254 | 11,811 | 17,167 | |
42/48 |
51,603 | 53,936 | 34,488 | 19,809 | 29,933 | 20,984 | |
42 |
- | - | 5,764 | 5,557 | 5,356 | 5,161 | |
44 |
263 | 14,330 | 1,101 | 1,208 | 2,120 | - | |
440/4 |
263 | 14,330 | 1,101 | 1,208 | 2,120 | - | |
45 |
13,131 | 10,662 | 460 | 906 | 173 | 5,022 | |
450/3 |
11,581 | 4,762 | 460 | 906 | 173 | 5,022 | |
454/9 |
1,550 | 5,900 | - | - | - | - | |
47/48 |
38,208 | 28,944 | 27,163 | 12,138 | 22,285 | 10,800 | |
492/3 |
- | - | 991 | 471 | 450 | 508 | |
| Income statement | |||||||
9900 |
27,446 | 48,502 | -10,097 | 11,974 | -12,318 | 24,240 | |
630 |
468 | 308 | 924 | 8,785 | 8,785 | 9,836 | |
640/8 |
260 | 959 | 834 | 856 | 840 | 2,279 | |
9901 |
26,718 | 47,234 | -11,855 | 2,334 | -21,944 | 12,125 | |
75/76B |
1 | - | - | - | - | - | |
75 |
1 | - | - | - | - | - | |
65/66B |
16,497 | 845 | 517 | 718 | 831 | 864 | |
65 |
16,497 | 845 | 517 | 718 | 831 | 864 | |
9903 |
10,222 | 46,389 | -12,372 | 1,615 | -22,775 | 11,262 | |
67/77 |
3,757 | 6,029 | 213 | 178 | 159 | 2,802 | |
9904 |
6,466 | 40,360 | -12,584 | 1,437 | -22,934 | 8,459 | |
9905 |
6,466 | 40,360 | -12,584 | 1,437 | -22,934 | 8,459 | |
| Appropriation of the result | |||||||
9906 |
20,371 | 14,738 | -25,621 | -13,037 | -14,474 | 8,459 | |
14P |
13,905 | -25,621 | -13,037 | -14,474 | - | - | |
694/7 |
19,000 | 833 | - | - | - | - | |
694 |
19,000 | 833 | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 16-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 16-01-2026 | 2026-00010561 | |
| 30-06-2024 | micro format | 17-01-2025 | 2025-00006920 | |
| 30-06-2023 | micro format | 05-02-2024 | 2024-00027025 | |
| 30-06-2022 | micro format | 24-02-2023 | 2023-00032158 | |
| 30-06-2021 | micro format | 25-02-2022 | 2022-06600139 | |
| 30-06-2020 | micro format | 25-02-2021 | 2021-06200248 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 27,186 | 47,543 | -10,930 | 11,119 | -13,158 | 21,961 | ||
| 6,934 | 40,668 | -11,660 | 10,223 | -14,148 | 18,295 | ||
| 0 | 1,405 | 0 | 0 | 0 | 27,959 | ||
| -43,116 | 54,798 | 2,022 | -7,761 | -11,204 | - | ||
| 5,502 | 17,567 | -19,819 | -2,914 | -7,602 | 11,961 | ||
| 11.0% | 26.0% | -134.4% | -43.5% | -29.0% | 25.8% | ||
| 1.11 | 1.33 | 0.43 | 0.85 | 0.75 | 1.57 | ||
| 8.10 | 2.85 | - | - | - | 2.87 | ||
| 101.5% | 213.5% | - | - | - | 62.9% | ||
| 11.2% | 55.4% | -82.0% | 7.8% | -70.1% | 16.2% | ||
| 1.65 | 56.25 | -21.15 | 15.48 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,405 | - | - |
| €468 | €308 | €924 | €8,785 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on HEXABEL
The operating result for 2025 is 43% lower than in 2024.
Debt's share of the balance-sheet total rises from 74.0% to 89.0%. Equity and debt are lower.
Board & ownership
Board
1 directorMandates through the years
1 name, the dashed line is todayMARTIN Nicolas
Director
Director
Boardmandate already running before its first mention
Mandates as a list
- MARTIN Nicolas
- Director, since before 30-06-2024
Control
Capital
- Contribution
- €5,000
- Source
- 2025 annual accounts
Network & group
No group
HEXABEL has no parent and no holdings in its annual accounts. MARTIN Nicolas is the only director. HEXABEL shares no director with another company.
The LEI register names no parent.
At the same address
rue du Blanc-Ry 47, 1340 Ottignies-Louvain-la-Neuve · 1 other company| Salus Medica
registered office since 26-12-2024 · founded in 2024 |
total assets €32,782 (2025) 1017.947.692 |
Timeline
Timeline
13 events since 2019Filings
Financial
Establishments
2020202220242026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFmicro format · 15 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0728742489
Annual accounts 2024 filed PDFmicro format · 14 days before the deadline
2024
Back to profit net €40,360 The net result is €40,360, after one loss-making year.
Liquidity more than triples current ratio 1.33 The current ratio rises from 0.43 to 1.33.
Annual accounts 2023 filed PDFmicro format · 5 days late
2023
Annual accounts 2022 filed PDFmicro format · 24 days late
2022
Back to profit net €1,437 The net result is €1,437, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 25 days late
2021
Weakest financial year net -€22,934 The net result drops to -€22,934, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFmicro format · 25 days late
2019
First establishment Rue du Blanc-Ry 47, Ottignies-Louvain-la-Neuve
Incorporation PDFpublished on 25-06-2019
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0728.742.489
- VAT number
- BE 0728.742.489
- Peppol ID
- 0208:0728742489
- Other Peppol ID
- 9925:BE0728742489
- LEI code
- 984500CA93PBQECC7C27 live in the LEI register
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 21-06-2019
- Financial year
- ends on 30 June
- Peppol
- Reachable since 13-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- HEXABEL in French
- Entity type
- Legal entity
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue du Blanc-Ry 47 registered office 1340 Ottignies-Louvain-la-Neuve | 01-08-2019 | 2.290.794.560 |
Buildings and parcels at the address
- Ground area
- 741 m²
- Buildings
- 57 m²
- Volume, LiDAR
- 548 m³
- Tallest building
- 10.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25385E0067/00V003 | 741 m² | 1 · 57 m² | 10.9 m · 3 |
Contact
E-mail
nicolas.martin@hexabel.com
Phone
+32 494 53 81 51