Hexagon Development Pro
ActiveSummary
Hexagon Development Pro has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €969,002. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 32% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+13
Solvency38▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 1.65 against 2.69 in 2024; short-term debt: 60.4% and cash: 0.5% of total assets), but 86.7% of the assets are financed with debt.
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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 →
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
13.3%
Return on assets
6.2%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 7 filingsDeviation from the deadline
2025
52 d early
2024
16 d early
2023
12 d early
2022
33 d early
2021
13 d early
2020
29 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 15 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€4.2m
EBIT margin
12.2%
Net result
€969,002▲ 733%
2024 · €116,319
Working capital
€6.2m▼ 22.2%
2024 · €7.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€4.2m
Operating result€1.9m▲ 193%€1.2m▼ 40.0%€516,341▼ 55.5%€339,226▼ 34.3%€1.5m▲ 337%
Net result€1.4mabove the sector's middle half▲ 160%€771,056above the sector's middle half▼ 43.4%€247,762above the sector's middle half▼ 67.9%€116,319above the sector's middle half▼ 53.1%€969,002above the sector's middle half▲ 733%
EBIT margin12.2%
Equity€1.4mabove the sector's middle half▲ 1,674%€2.2mabove the sector's middle half▲ 53.4%€2.5mwithin the sector's middle half▲ 11.2%€2.1mabove the sector's middle half▼ 15.7%€2.1mabove the sector's middle half=
Total assets€11.4mabove the sector's middle half▼ 12.7%€20.0mabove the sector's middle half▲ 75.3%€9.5mabove the sector's middle half▼ 52.4%€12.6mabove the sector's middle half▲ 32.6%€15.6mabove the sector's middle half▲ 23.6%
Debt€10.0m▼ 23.3%€17.8m▲ 78.5%€7.1m▼ 60.3%€10.5m▲ 48.4%€13.5m▲ 28.5%
Working capital€8.7mabove the sector's middle half▼ 0.5%€10.8mabove the sector's middle half▲ 23.9%€8.6mabove the sector's middle half▼ 20.3%€7.9mabove the sector's middle half▼ 8.0%€6.2mabove the sector's middle half▼ 22.2%
Solvency12.6%within the sector's middle half▲ 12.0pp11.1%within the sector's middle half▼ 1.6pp25.9%within the sector's middle half▲ 14.8pp16.4%within the sector's middle half▼ 9.4pp13.3%within the sector's middle half▼ 3.1pp
Current ratio4.28above the sector's middle half▲ 1.222.18within the sector's middle half▼ 2.1010.67above the sector's middle half▲ 8.492.69within the sector's middle half▼ 7.981.65within the sector's middle half▼ 1.04
Return on assets (ROA)11.9%above the sector's middle half▲ 7.9pp3.9%within the sector's middle half▼ 8.1pp2.6%within the sector's middle half▼ 1.3pp0.9%within the sector's middle half▼ 1.7pp6.2%above the sector's middle half▲ 5.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result -53% on 2023. The accounts now follow the abbreviated schema, last year the full schema.
- 2023 Net result -68% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 337% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.6m
Fixed assets
€11,825 ▼ 20.2%
Current assets
€15.6m ▲ 23.7%
Equity and liabilities €15.6m
Equity
€2.1m =
Provisions
€75,000 =
Debt
€13.5m ▲ 28.5%
Debt's share of the balance-sheet total rises from 83.0% to 86.2%. Debt is higher.
Key figures and ratios
Quick ratio
0.69▲
2024 · 0.28
Debt to equity
6.48▲
2024 · 5.05
ROE
46.7%▲
2024 · 5.6%
Debt ≤ 1 year
€9.4m▲
2024 · €4.7m
Debt > 1 year
€3.9m▼
2024 · €5.7m
Income taxes
€328,642▲
2024 · €39,211
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 684 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
- without age
0.3%
went bankrupt
2.2%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €4.4m | - | - | - |
| Turnover70 | - | - | €4.2m | - | - | - |
| Other operating income74 | - | - | €152,187 | - | - | - |
| Operating charges60/66A | - | - | €3.9m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | €3.5m | - | - | - |
| Purchases600/8 | - | - | €679,164 | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | €2.8m | - | - | - |
| Services and other goods61 | - | - | €407,571 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €75,000 | €0 | ▼ 100% |
| Other operating charges640/8 | €22,462 | €28,167 | €7,533 | €4,156 | €2,166 | ▼ 47.9% |
| Gross operating margin9900 | €2.0m | €1.2m | - | €418,382 | €1.5m | ▲ 255% |
| Operating profit (loss)9901 | €1.9m | €1.2m | €516,341 | €339,226 | €1.5m | ▲ 337% |
| Financial income75/76B | €1 | €0 | €17,718 | €14,348 | €7,232 | ▼ 49.6% |
| Recurring financial income75 | €1 | €0 | €17,718 | €14,348 | €7,232 | ▼ 49.6% |
| Income from current assets751 | - | - | €17,144 | - | - | - |
| Other financial income752/9 | - | - | €574 | - | - | - |
| Financial charges65/66B | €118,009 | €131,182 | €203,472 | €198,044 | €190,654 | ▼ 3.7% |
| Recurring financial charges65 | €118,009 | €131,182 | €203,472 | €198,044 | €190,654 | ▼ 3.7% |
| Debt charges650 | - | - | €198,991 | - | - | - |
| Other financial charges652/9 | - | - | €4,481 | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.8m | €1.0m | €330,588 | €155,530 | €1.3m | ▲ 734% |
| Income taxes67/77 | €454,225 | €258,595 | €82,826 | €39,211 | €328,642 | ▲ 738% |
| Taxes670/3 | - | - | €82,826 | - | - | - |
| Profit (loss) for the period9904 | €1.4m | €771,056 | €247,762 | €116,319 | €969,002 | ▲ 733% |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €771,056 | €247,762 | €116,319 | €969,002 | ▲ 733% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.4m | €20.0m | €9.5m | €12.6m | €15.6m | ▲ 23.6% |
| Fixed assets21/28 | €12,500 | €14,425 | €14,825 | €14,825 | €11,825 | ▼ 20.2% |
| Financial fixed assets28 | €12,500 | €14,425 | €14,825 | €14,825 | €11,825 | ▼ 20.2% |
| Other financial fixed assets284/8 | - | - | €14,825 | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | €14,825 | - | - | - |
| Current assets29/58 | €11.4m | €20.0m | €9.5m | €12.6m | €15.6m | ▲ 23.7% |
| Stocks and contracts in progress3 | €9.4m | €10.3m | €7.5m | €11.3m | €9.1m | ▼ 19.4% |
| Stocks30/36 | €9.4m | €10.3m | €7.5m | €11.3m | €9.1m | ▼ 19.4% |
| Property held for sale35 | - | - | €7.5m | - | - | - |
| Amounts receivable within one year40/41 | €772,510 | €2.5m | €515,303 | €350,686 | €3.9m | ▲ 1,007% |
| Trade receivables40 | €650,170 | €2.5m | €282,892 | €222,598 | €3.3m | ▲ 1,366% |
| Other amounts receivable41 | €122,339 | €0 | €232,412 | €128,088 | €620,938 | ▲ 385% |
| Current investments50/53 | - | - | €750,000 | €850,000 | €2.5m | ▲ 194% |
| Other investments51/53 | - | - | €750,000 | - | - | - |
| Cash at bank and in hand54/58 | €1.2m | €7.2m | €683,983 | €76,429 | €79,021 | ▲ 3.4% |
| Deferred charges and accrued income490/1 | €39,415 | €7,343 | €24,233 | €14,058 | €10,297 | ▼ 26.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.4m | €20.0m | €9.5m | €12.6m | €15.6m | ▲ 23.6% |
| Equity10/15 | €1.4m | €2.2m | €2.5m | €2.1m | €2.1m | = |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1.4m | €2.2m | €2.4m | €2.1m | €2.1m | = |
| Distributable reserves133 | €1.4m | €2.2m | €2.4m | €2.1m | €2.1m | = |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | - | - | - | €75,000 | €75,000 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €75,000 | €75,000 | = |
| Other liabilities and charges164/5 | - | - | - | €75,000 | €75,000 | = |
| Amounts payable17/49 | €10.0m | €17.8m | €7.1m | €10.5m | €13.5m | ▲ 28.5% |
| Amounts payable after more than one year17 | €7.0m | €8.4m | €6.1m | €5.7m | €3.9m | ▼ 31.6% |
| Financial debts170/4 | €7.0m | €8.4m | €6.1m | €5.7m | €3.9m | ▼ 32.2% |
| Subordinated loans170 | - | - | €2.7m | - | - | - |
| Credit institutions173 | - | - | €3.4m | - | - | - |
| Other amounts payable178/9 | - | - | - | - | €32,505 | - |
| Amounts payable within one year42/48 | €2.7m | €9.2m | €891,062 | €4.7m | €9.4m | ▲ 101% |
| Financial debts43 | - | - | - | €780,000 | €1.2m | ▲ 53.8% |
| Credit institutions430/8 | - | - | - | €780,000 | €0 | ▼ 100% |
| Other loans439 | - | - | - | - | €1.2m | - |
| Trade debts44 | €2.0m | €3.8m | €606,628 | €806,708 | €1.5m | ▲ 86.8% |
| Suppliers440/4 | €2.0m | €3.8m | €606,628 | €806,708 | €1.5m | ▲ 86.8% |
| Advances received on contracts in progress46 | €0 | €3.8m | €214,522 | €2.5m | €3.2m | ▲ 28.8% |
| Taxes, remuneration and social security45 | €701,225 | €1.5m | €10,611 | €0 | €1.6m | - |
| Taxes450/3 | €701,225 | €1.5m | €10,611 | €0 | €1.6m | - |
| Other amounts payable47/48 | €10,455 | €9,446 | €59,301 | €609,531 | €1.9m | ▲ 219% |
| Accrued charges and deferred income492/3 | €295,941 | €208,400 | €48,269 | €77,410 | €123,474 | ▲ 59.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | €771,056 | €247,762 | €116,319 | €969,002 | ▲ 733% |
| Operating cash flow (approximation) | €1.4m | €771,056 | €247,762 | €116,319 | €969,002 | ▲ 733% |
| Investment in fixed assets (approximation) | - | -€1,925 | -€400 | €0 | €3,000 | - |
| Change in cash | - | €6.0m | -€6.5m | -€607,554 | €2,592 | ▲ 100% |
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
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 5current ratio 10.67
Current ratio from 2.18 to 10.67; short-term debt falls from €9.2m to €891,062.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2mEq €2.2m ▲53.4%
3 profitable years in a row build equity to €2.2m.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2019net €1.4m ▲160%
Operating result €1.9m, net result €1.4m, both a record.
31-12
Financial
Equity above €1mEq €1.4m ▲1,674%
2 profitable years in a row build equity to €1.4m.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €523,206
Net result €523,206 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Roeselare · 1 establishment unit since 2018
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 Development Pro
since 20182.276.911.385
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.
Structure & network
Owners and holdings
1 ownerChain of control
- Hexagon Invest
- Hexagon Development Pro
Highest known parent: Hexagon Invest. The sources do not say who stands above it.
Owners 1
- Hexagon Investparent99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 33,566 EUR awarded · 33,566 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 33,566 EUR | 33,566 EUR |
Schemes
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Identification & contact
Identification
Legal formPrivate limited company
Founded07-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697710607
Also
9925:BE0697710607
Registered
27-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.