Hexaware Technologies Belgium
ActiveHexaware Technologies Belgium has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €531k and a net result of €172k. Equity is growing by ~45.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 1395 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▲+2
Solvency32▲+2
Growth52=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.05 in 2024; short-term debt: 92.5% and cash: 48.5% of total assets), and 93% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
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
7%
Return on assets
2.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1395 sector peers (2025).
NBB · sector comparisonPosition among 1395 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
41 d late
2024
70 d late
2023
13 d early
2022
17 d early
2021
68 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€21.61M
EBIT margin
1.3%
Net result
€172k▲ 76.5%
2024 · €97k
2022: €192k
2023: €-30k
2024: €97k
2022 → 2025
Working capital
€566k▲ 57.6%
2024 · €359k
2022: €296k
2023: €262k
2024: €359k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€21.61M
Equity€100k-€292k▲ 192%€262k▼ 10.4%€359k▲ 37.2%€531k▲ 47.9%
Operating result€271k€-26k€111k€281k▲ 153%
Net result€192k€-30k€97k€172k▲ 76.5%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 153% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €7.58M
Equity
€531k▲ 47.9%
Debt
€7.05M▼ 3.8%
The debt ratio falls from 95.3% to 93.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
7.0%▲
2024 · 4.7%
Current ratio
1.08▲
2024 · 1.05
Quick ratio
1.08▲
2024 · 1.05
Debt / equity
13.26▼
2024 · 20.38
ROE
32.4%▲
2024 · 27.1%
ROA
2.3%▲
2024 · 1.3%
Debt
€7.05M▼
2024 · €7.33M
Debt ≤ 1 year
€7.01M▼
2024 · €7.33M
Income taxes
€102k▲
2024 · €47k
Staff costs
€2.84M▲
2024 · €1.94M
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€7.69M€7.58M▼
Current assets29/58€7.69M€7.58M▼
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€2.37M€3.90M▲
Trade receivables40€2.19M€3.86M▲
Other amounts receivable41€184k€35k▼
Cash at bank and in hand54/58€5.31M€3.68M▼
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€7.69M€7.58M▼
Equity10/15€359k€531k▲
Contributions10/11€100k€100k=
Profit (loss) carried forward14€259k€431k▲
Amounts payable17/49€7.33M€7.05M▼
Amounts payable within one year42/48€7.33M€7.01M▼
Trade debts44€4.18M€1.60M▼
Suppliers440/4€4.18M€1.60M▼
Advances received on contracts in progress46€1.99M€2.13M▲
Taxes, remuneration and social security45€1.16M€1.31M▲
Taxes450/3€749k€857k▲
Remuneration and social security454/9€410k€456k▲
Other amounts payable47/48-€1.97M
Accrued charges and deferred income492/3-€35k
Income statement
Code20242025
Operating income70/76A-€21.73M
Turnover70-€21.61M
Other operating income74-€113k
Operating charges60/66A-€21.45M
Goods for resale, raw materials and consumables60-€17.46M
Purchases600/8-€17.46M
Services and other goods61-€1.14M
Remuneration, social security and pensions62€1.94M€2.84M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€968€998▲
Gross operating margin9900€2.05M-
Operating profit (loss)9901€111k€281k▲
Financial income75/76B€37k€20k▼
Recurring financial income75€37k€20k▼
Income from current assets751-€20k
Financial charges65/66B€4k€27k▲
Recurring financial charges65€4k€27k▲
Debt charges650-€16k
Other financial charges652/9-€10k
Profit (loss) for the period before taxes9903€145k€274k▲
Income taxes67/77€47k€102k▲
Taxes670/3-€102k
Tax adjustments and reversals of tax provisions77-€0
Profit (loss) for the period9904€97k€172k▲
Profit (loss) for the period to be appropriated9905€97k€172k▲
Appropriation of the result
Profit (loss) to be appropriated9906€259k€431k▲
Profit (loss) brought forward from the previous period14P€162k€259k▲
Social balance
Average headcount (FTE)908715.922.1▲
The notes to these accounts (26 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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 41 days late
2025
31-12
Financial
Equity above €500kEq €531k ▲47.9%
2 profitable years in a row build equity to €531k.
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 70 days late
2024
31-12
Financial
Back to profitnet €97k
Net result €97k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-30k ▼116%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200kEq €292k ▲192%
Equity rises from €100k to €292k.
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
12-09-2025
SINGH Amrinder: Resigned as Director
20-03-2025
SHASHANK Sivakumar: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2021
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.
Koloniënstraat 111000 BrusselGround area
3,406 m²
Building footprint
3,354 m²
Volume, LiDAR
88,937 m³
Parcel 21804D1424/00E002, Brussels · tallest building 35.3 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Hexaware Technologies Belgium
since 20212.316.598.342
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1424/00E002 | Brussels | 3,406 m² | 1 · 3,354 m² | 35.3 m · 9 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.
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Of 29,992 companies in sector 62200 we hold annual accounts for 18,386. 11,713 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2021
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
62030Computer programming, consultancy and related activities
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.