HEXACATH BELGIUM
ActiveHEXACATH BELGIUM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80k and a net result of €6k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+37
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 6.31 against 12.26 in 2024; short-term debt: 15.8% and cash: 14.2% of total assets), and 16.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.8%
Return on assets
6.3%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
38 d early
2023
37 d early
2022
33 d early
2021
80 d early
2020
102 d early
2019
70 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€307k
EBIT margin
9.4%
Net result
€6k
2024 · €-7k
2018: €20k
2019: €-67k
2020: €11k
2021: €8k
2022: €-859
2023: €-13k
2024: €-7k
2018 → 2025
Working capital
€80k▲ 8.2%
2024 · €74k
2018: €144k
2019: €76k
2020: €88k
2021: €95k
2022: €95k
2023: €81k
2024: €74k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€95k▼ 0.9%€81k▼ 14.2%€74k▼ 8.4%€80k▲ 8.2%
Operating result€8k-€-680€-13k▼ 1,854%€-7k▲ 46.9%€6k
Net result€8k-€-859€-13k▼ 1,471%€-7k▲ 49.3%€6k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6k after a loss of €7k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96k
Fixed assets
€540=
Current assets
€95k▲ 18.1%
Equity and liabilities €96k
Equity
€80k▲ 8.2%
Debt
€16k▲ 123%
The debt ratio rises from 8.6% to 16.2%. Equity and debt are higher.
Key figures and ratios
Solvency
83.8%▼
2024 · 91.4%
Current ratio
6.31▼
2024 · 12.26
Quick ratio
6.31▼
2024 · 12.26
Debt / equity
0.19▲
2024 · 0.09
ROE
7.5%▲
2024 · -9.2%
ROA
6.3%▲
2024 · -8.4%
Debt
€16k▲
2024 · €7k
Debt ≤ 1 year
€15k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€81k€96k▲
Fixed assets21/28€540€540=
Financial fixed assets28€540€540=
Current assets29/58€81k€95k▲
Amounts receivable after more than one year29€75k€75k=
Other amounts receivable291€75k€75k=
Amounts receivable within one year40/41€3k€5k▲
Trade receivables40€3k€5k▲
Other amounts receivable41€0€0=
Cash at bank and in hand54/58€2k€14k▲
Deferred charges and accrued income490/1€812€2k▲
Equity and liabilities
Total equity and liabilities10/49€81k€96k▲
Equity10/15€74k€80k▲
Contributions10/11€50k€50k=
Reserves13€24k€30k▲
Distributable reserves133€24k€30k▲
Profit (loss) carried forward14€417€482▲
Amounts payable17/49€7k€16k▲
Amounts payable within one year42/48€7k€15k▲
Trade debts44€6k€13k▲
Suppliers440/4€6k€13k▲
Taxes, remuneration and social security45€159€2k▲
Taxes450/3€159€2k▲
Accrued charges and deferred income492/3€387€400▲
Income statement
Code20242025
Other operating charges640/8€387€400▲
Gross operating margin9900€-7k€6k▲
Operating profit (loss)9901€-7k€6k▲
Financial income75/76B€812€1k▲
Recurring financial income75€812€1k▲
Financial charges65/66B€600€600=
Recurring financial charges65€600€600=
Profit (loss) for the period before taxes9903€-7k€6k▲
Profit (loss) for the period9904€-7k€6k▲
Profit (loss) for the period to be appropriated9905€-7k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€6k▲
Profit (loss) brought forward from the previous period14P€258€417▲
Transfer from equity791/2€7k-
Transfer to equity691/2-€6k
To other reserves6921-€6k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
22-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-67k ▼442%
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Elsene · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 1431050 ElseneGround area
1,907 m²
Building footprint
1,788 m²
Volume, LiDAR
27,322 m³
Parcel 21807G0089/00A007, Brussels · tallest building 32.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HEXACATH BELGIUM
since 20042.136.074.711
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0089/00A007 | Brussels | 1,907 m² | 1 · 1,788 m² | 32.0 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
Ortho4Vets
BE 0730.816.509
Tielt · Eq €81k
ZABRUS
BE 0444.250.892
Sint-Martens-Latem · Eq €81k
Lopital België
BE 0893.027.530
Aartselaar · Eq €82k
KUULO
BE 0554.698.953
Heist-op-den-Berg · Eq €79k
MINE - ENERGY
BE 0765.983.957
Herzele · Eq €82k
Of 1,898 companies in sector 46460 we hold annual accounts for 1,116. 568 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-2004
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
72109Other research and development on natural sciences
73100
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.