HEXAGON
ActiveSummary
HEXAGON has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86k and a net result of €-11k. Equity is growing by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▲+4
Solvency28▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.08 against 1.17 in 2024; short-term debt: 92.1% and cash: 1.4% of total assets), and 96.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-11k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 21%
← 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 09-06-2026, 52 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
52 d early
2024
13 d early
2023
12 d early
2022
20 d early
2021
33 d early
2020
9 d early
2019
144 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€86k▼ 11.7%
2024 · €98k
2018: €-58klowest in 8 years
2019: €-393▲ +99.3% vs 2018
2020: €15k▲ +3835% vs 2019
2021: €26k▲ +74.5% vs 2020
2022: €63k▲ +145% vs 2021
2023: €120k▲ +91.6% vs 2022highest in 8 years
2024: €98k▼ -18.8% vs 2023
2025: €86k▼ -11.7% vs 2024
2018 → 2025
Total assets
€2.61M▲ 71.3%
2024 · €1.52M
2018: €120klowest in 8 years
2019: €166k▲ +38.4% vs 2018
2020: €368k▲ +122% vs 2019
2021: €861k▲ +134% vs 2020
2022: €1.10M▲ +27.9% vs 2021
2023: €1.55M▲ +40.5% vs 2022
2024: €1.52M▼ -1.7% vs 2023
2025: €2.61M▲ +71.3% vs 2024highest in 8 years
2018 → 2025
Net result
€-11k▲ 49.6%
2024 · €-23k
2018: €-65klowest in 8 years
2019: €58k▲ +190% vs 2018highest in 8 years
2020: €15k▼ -74.1% vs 2019
2021: €11k▼ -27.4% vs 2020
2022: €37k▲ +240% vs 2021
2023: €57k▲ +54.8% vs 2022
2024: €-23k▼ -139% vs 2023
2025: €-11k▲ +49.6% vs 2024
2018 → 2025
Working capital
€187k▼ 16.0%
2024 · €222k
2018: €64klowest in 8 years
2019: €119k▲ +85.8% vs 2018
2020: €244k▲ +104% vs 2019
2021: €355k▲ +45.7% vs 2020highest in 8 years
2022: €239k▼ -32.8% vs 2021
2023: €277k▲ +15.9% vs 2022
2024: €222k▼ -19.6% vs 2023
2025: €187k▼ -16.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€63k▲ 145%€120k▲ 91.6%€98k▼ 18.8%€86k▼ 11.7%
2021: €26klowest in 5 years
2022: €63k▲ +145% vs 2021
2023: €120k▲ +91.6% vs 2022highest in 5 years
2024: €98k▼ -18.8% vs 2023
2025: €86k▼ -11.7% vs 2024
Operating result€25k-€82k▲ 234%€105k▲ 28.5%€2k▼ 97.7%€10k▲ 302%
2021: €25k
2022: €82k▲ +234% vs 2021
2023: €105k▲ +28.5% vs 2022highest in 5 years
2024: €2k▼ -97.7% vs 2023lowest in 5 years
2025: €10k▲ +302% vs 2024
Net result€11k-€37k▲ 240%€57k▲ 54.8%€-23k€-11k▲ 49.6%
2021: €11k
2022: €37k▲ +240% vs 2021
2023: €57k▲ +54.8% vs 2022highest in 5 years
2024: €-23k▼ -139% vs 2023lowest in 5 years
2025: €-11k▲ +49.6% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 302% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.61M
Fixed assets
€19k ▼ 10.2%
Current assets
€2.59M ▲ 72.5%
Equity and liabilities €2.61M
Equity
€86k ▼ 11.7%
Debt
€2.52M ▲ 77.0%
Debt's share of the balance-sheet total rises from 93.6% to 96.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€14k▲
2024 · €6k
Cash flow
€-7k▲
2024 · €-20k
Current ratio
1.08▼
2024 · 1.17
Quick ratio
0.81▲
2024 · 0.68
Debt to equity
29.25▲
2024 · 14.60
ROE
-13.2%▲
2024 · -23.2%
ROA
-0.4%▲
2024 · -1.5%
Interest coverage
0.63▲
2024 · 0.22
Debt ≤ 1 year
€2.40M▲
2024 · €1.28M
Debt > 1 year
€119k▼
2024 · €147k
Income taxes
€4k▲
2024 · €404
Staff costs
€285k▲
2024 · €231k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.52M€2.61M▲
Fixed assets21/28€22k€19k▼
Tangible fixed assets22/27€10k€8k▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€7k€4k▼
Financial fixed assets28€12k€12k▼
Current assets29/58€1.50M€2.59M▲
Stocks and contracts in progress3€634k€634k=
Stocks30/36€634k€634k=
Amounts receivable within one year40/41€831k€1.91M▲
Trade receivables40€759k€1.80M▲
Other amounts receivable41€72k€109k▲
Cash at bank and in hand54/58€29k€38k▲
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.52M€2.61M▲
Equity10/15€98k€86k▼
Contributions10/11€6k€6k=
Reserves13€114k€114k=
Distributable reserves133€114k€114k=
Profit (loss) carried forward14€-23k€-34k▼
Amounts payable17/49€1.42M€2.52M▲
Amounts payable after more than one year17€147k€119k▼
Financial debts170/4€147k€119k▼
Amounts payable within one year42/48€1.28M€2.40M▲
Current portion of amounts payable after more than one year42€25k€28k▲
Financial debts43€264k€264k=
Credit institutions430/8€264k€264k=
Trade debts44€125k€90k▼
Suppliers440/4€125k€90k▼
Taxes, remuneration and social security45€46k€50k▲
Taxes450/3€6k€11k▲
Remuneration and social security454/9€40k€39k▼
Other amounts payable47/48€818k€1.97M▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Remuneration, social security and pensions62€231k€285k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€7k€4k▼
Gross operating margin9900€243k€303k▲
Operating profit (loss)9901€2k€10k▲
Financial income75/76B€728€5k▲
Recurring financial income75€728€5k▲
Financial charges65/66B€25k€22k▼
Recurring financial charges65€25k€22k▼
Profit (loss) for the period before taxes9903€-22k€-7k▲
Income taxes67/77€404€4k▲
Profit (loss) for the period9904€-23k€-11k▲
Profit (loss) for the period to be appropriated9905€-23k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-34k▼
Profit (loss) brought forward from the previous period14P-€-23k
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90872.72.9▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €142k | €149k | €162k | €231k | €285k | ▲ 23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €6k | €4k | €3k | €4k | ▲ 35.6% |
| Other operating charges640/8 | €17k | €52k | €6k | €7k | €4k | ▼ 38.7% |
| Gross operating margin9900 | €190k | €288k | €278k | €243k | €303k | ▲ 24.6% |
| Operating profit (loss)9901 | €25k | €82k | €105k | €2k | €10k | ▲ 302% |
| Financial income75/76B | - | €2 | €0 | €728 | €5k | ▲ 590% |
| Recurring financial income75 | - | €2 | €0 | €728 | €5k | ▲ 590% |
| Financial charges65/66B | €4k | €19k | €22k | €25k | €22k | ▼ 12.1% |
| Recurring financial charges65 | €4k | €19k | €22k | €25k | €22k | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €21k | €63k | €83k | €-22k | €-7k | ▲ 66.5% |
| Income taxes67/77 | €10k | €26k | €26k | €404 | €4k | ▲ 880% |
| Profit (loss) for the period9904 | €11k | €37k | €57k | €-23k | €-11k | ▲ 49.6% |
| Profit (loss) for the period to be appropriated9905 | €11k | €37k | €57k | €-23k | €-11k | ▲ 49.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €861k | €1.10M | €1.55M | €1.52M | €2.61M | ▲ 71.3% |
| Fixed assets21/28 | €14k | €18k | €15k | €22k | €19k | ▼ 10.2% |
| Tangible fixed assets22/27 | €12k | €6k | €3k | €10k | €8k | ▼ 21.9% |
| Plant, machinery and equipment23 | - | - | - | €3k | €4k | ▲ 36.2% |
| Furniture and vehicles24 | €12k | €6k | €3k | €7k | €4k | ▼ 48.0% |
| Financial fixed assets28 | €2k | €12k | €12k | €12k | €12k | ▼ 0.7% |
| Current assets29/58 | €848k | €1.08M | €1.53M | €1.50M | €2.59M | ▲ 72.5% |
| Stocks and contracts in progress3 | €304k | €634k | €634k | €634k | €634k | = |
| Stocks30/36 | €304k | €634k | €634k | €634k | €634k | = |
| Amounts receivable within one year40/41 | €523k | €435k | €831k | €831k | €1.91M | ▲ 130% |
| Trade receivables40 | €491k | €372k | €801k | €759k | €1.80M | ▲ 137% |
| Other amounts receivable41 | €31k | €62k | €30k | €72k | €109k | ▲ 51.0% |
| Cash at bank and in hand54/58 | €18k | €12k | €63k | €29k | €38k | ▲ 29.6% |
| Deferred charges and accrued income490/1 | €3k | €4k | €5k | €7k | €6k | ▼ 9.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €861k | €1.10M | €1.55M | €1.52M | €2.61M | ▲ 71.3% |
| Equity10/15 | €26k | €63k | €120k | €98k | €86k | ▼ 11.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €19k | €57k | €114k | €114k | €114k | = |
| Distributable reserves133 | €19k | €57k | €114k | €114k | €114k | = |
| Profit (loss) carried forward14 | - | - | - | €-23k | €-34k | ▼ 50.4% |
| Amounts payable17/49 | €836k | €1.04M | €1.43M | €1.42M | €2.52M | ▲ 77.0% |
| Amounts payable after more than one year17 | €343k | €193k | €172k | €147k | €119k | ▼ 19.0% |
| Financial debts170/4 | €343k | €193k | €172k | €147k | €119k | ▼ 19.0% |
| Amounts payable within one year42/48 | €492k | €846k | €1.26M | €1.28M | €2.40M | ▲ 87.9% |
| Current portion of amounts payable after more than one year42 | €26k | €25k | €23k | €25k | €28k | ▲ 11.1% |
| Financial debts43 | - | €264k | €264k | €264k | €264k | = |
| Credit institutions430/8 | - | - | €264k | €264k | €264k | = |
| Other loans439 | - | €264k | - | - | - | - |
| Trade debts44 | €143k | €194k | €99k | €125k | €90k | ▼ 28.0% |
| Suppliers440/4 | €143k | €194k | €99k | €125k | €90k | ▼ 28.0% |
| Advances received on contracts in progress46 | - | - | €0 | - | - | - |
| Taxes, remuneration and social security45 | €69k | €65k | €63k | €46k | €50k | ▲ 9.0% |
| Taxes450/3 | €42k | €36k | €30k | €6k | €11k | ▲ 85.9% |
| Remuneration and social security454/9 | €27k | €29k | €33k | €40k | €39k | ▼ 2.6% |
| Other amounts payable47/48 | €255k | €298k | €808k | €818k | €1.97M | ▲ 141% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €37k | €57k | €-23k | €-11k | ▲ 49.6% |
| + Depreciation and write-downs630 | €7k | €6k | €4k | €3k | €4k | ▲ 35.6% |
| Operating cash flow (approximation) | €17k | €43k | €62k | €-20k | €-7k | ▲ 62.9% |
| Investment in fixed assets (approximation) | - | €-10k | €-2k | €-9k | €-2k | ▲ 79.8% |
| Change in cash | - | €-6k | €51k | €-34k | €9k | ▲ 125% |
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
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
27-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 1/02/2026
- Registered-office move, Kwadestraat 113 bus A5, 8800 Roeselare
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €120k ▲91.6%
5 profitable years in a row build equity to €120k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
2019
31-12
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 85 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2017
Ground area
1.6 ha
Building footprint
137 m²
Parcel 36017A1881/00A000, Flanders. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
HEXAGON
since 20172.267.759.634
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A1881/00A000 | Flanders | 1.6 ha | 1 · 137 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2024 to 2025 · 2 entries · 2,065 EUR awarded · 2,065 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,398 EUR | 1,398 EUR |
| 2024 | 1 | 667 EUR | 667 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
UVA Projects
BE 0778.823.094
Hasselt · Eq €86,202
JHB
BE 0787.844.787
Bilzen-Hoeselt · Eq €86,245
NYLCO PROJECTS
BE 0696.813.455
Sint-Lievens-Houtem · Eq €86,290
Libbrecht Duniacha
BE 0817.855.302
Zwalm · Eq €86,295
IMMODROOM
BE 0751.736.241
Antwerpen · Eq €86,308
Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,285 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.
Business parks
6 parksOffers parcels on business park:Beveren-Wijnendale
Offers parcels on business park:Transvaal-Windhoek
Offers a parcel on business park:Abeele C
Offers a parcel on business park:Izegem Zuid
Offers a parcel on business park:Nieuw Abele Noord
Offers a parcel on business park:Nijverheidsstraat