HEXPOL COMPOUNDING
ActiveSummary
HEXPOL COMPOUNDING has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57.1m and a net result of €2.4m. Equity is growing by about 4.2% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, unclassified schema
In the rankings
#2 company by equity in the province of Liège, Rubber and plastics sector#2 company by total assets in Eupen, Manufacturing sector#5 employer in Eupen, Manufacturing sector
Turnover
€32.7m▲ 4.5%
2024 · €31.3m
EBIT margin
6.3%▼ 5.0pp
2024 · 11.3%
Net result
€2.4m▼ 39.8%
2024 · €4.0m
Working capital
€53.5m▲ 4.5%
2024 · €51.2m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 42% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€32.7m
2025
Operating result€2.1m
2025
Net result€2.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€63.6m
2025
Equity€57.1m
2025
Debt€6.3m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€53.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin6.3%
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)54.7
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€28.1m-€29.2m▲ 3.8%€23.0m▼ 21.2%€25.4m▲ 10.7%€34.4m▲ 35.2%€33.4m▼ 3.0%€31.3m▼ 6.1%€32.7m▲ 4.5%
Operating result€3.1m-€3.1m▲ 1.1%€0.6m▼ 79.1%€3.2m▲ 393%€2.0m▼ 36.4%€1.6m▼ 19.8%€3.5m▲ 117%€2.1m▼ 41.6%
Net result€1.9m-€2.0m▲ 3.8%€0.3m▼ 87.1%€2.1m▲ 706%€1.4m▼ 33.0%€2.2m▲ 57.2%€4.0m▲ 81.8%€2.4m▼ 39.8%
EBIT margin11.0%-10.7%▼ 0.3pp2.8%▼ 7.8pp12.6%▲ 9.8pp5.9%▼ 6.7pp4.9%▼ 1.0pp11.3%▲ 6.4pp6.3%▼ 5.0pp
Equity€42.7m-€44.7m▲ 4.7%€44.9m▲ 0.6%€47.0m▲ 4.7%€48.4m▲ 3.0%€50.6m▲ 4.5%€54.6m▲ 7.9%€57.1m▲ 4.4%
Total assets€48.9m-€51.6m▲ 5.5%€52.9m▲ 2.5%€51.7m▼ 2.2%€55.0m▲ 6.4%€56.6m▲ 2.9%€60.4m▲ 6.6%€63.6m▲ 5.3%
Debt€5.0m-€5.6m▲ 12.2%€4.8m▼ 12.9%€4.7m▼ 3.6%€6.5m▲ 39.4%€5.8m▼ 10.6%€5.6m▼ 4.4%€6.3m▲ 14.1%
Working capital€40.1m-€42.3m▲ 5.5%€44.6m▲ 5.4%€43.8m▼ 1.8%€45.3m▲ 3.4%€47.4m▲ 4.8%€51.2m▲ 8.0%€53.5m▲ 4.5%
Staff (FTE)63.4-56.7▼ 10.6%54.8▼ 3.4%53.3▼ 2.7%52.9▼ 0.8%53.6▲ 1.3%53.9▲ 0.6%54.7▲ 1.5%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63.6m
Fixed assets
€3.7m ▲ 3.6%
Current assets
€59.9m ▲ 5.4%
Equity and liabilities €63.6m
Equity
€57.1m ▲ 4.4%
Provisions
€176,504 ▲ 16.9%
Debt
€6.3m ▲ 14.1%
Debt's share of the balance-sheet total rises from 9.2% to 10.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.7m▼
2024 · €4.1m
Cash flow
€3.1m▼
2024 · €4.6m
Current ratio
9.44▼
2024 · 10.21
Quick ratio
9.16▼
2024 · 9.96
Debt to equity
0.11▲
2024 · 0.10
ROE
4.2%▼
2024 · 7.3%
ROA
3.8%▼
2024 · 6.6%
Interest coverage
5.19▼
2024 · over 100
Debt ≤ 1 year
€6.3m▲
2024 · €5.6m
Income taxes
€799,031▼
2024 · €1.4m
Staff costs
€4.3m▲
2024 · €3.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,887 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97.9% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.1%
went bankrupt
2.0%
stopped otherwise
97.9%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,887 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €25.6m | €34.6m | €33.5m | €32.5m | €32.9m | ▲ 1.4% |
| Turnover70 | €28.1m | €29.2m | €23.0m | €25.4m | €34.4m | €33.4m | €31.3m | €32.7m | ▲ 4.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €0.001m | €0.01m | -€0.01m | -€0.002m | -€453 | ▲ 73.3% |
| Own construction capitalised72 | - | - | - | - | - | - | €0.005m | - | - |
| Other operating income74 | - | - | - | €0.1m | €0.2m | €0.1m | €0.08m | €0.2m | ▲ 137% |
| Non-recurring operating income76A | - | - | - | - | - | - | €1.1m | - | - |
| Operating charges60/66A | - | - | - | €22.4m | €32.5m | €31.9m | €28.9m | €30.9m | ▲ 6.7% |
| Goods for resale, raw materials and consumables60 | - | - | - | €16.3m | €23.9m | €21.9m | €19.5m | €20.7m | ▲ 6.2% |
| Purchases600/8 | - | - | - | €16.4m | €24.3m | €22.1m | €19.7m | €21.1m | ▲ 6.8% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.1m | -€0.4m | -€0.1m | -€0.2m | -€0.3m | ▼ 63.4% |
| Services and other goods61 | - | - | - | €5.0m | €4.2m | €5.2m | €4.8m | €5.0m | ▲ 6.0% |
| Remuneration, social security and pensions62 | - | - | - | €3.4m | €3.7m | €4.0m | €3.9m | €4.3m | ▲ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.04m | €0.05m | -€0.005m | €0.05m | €0.02m | ▼ 56.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€3.1m | €0.06m | €0.09m | -€0.04m | €0.03m | - |
| Other operating charges640/8 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | ▼ 5.2% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.008m | - | - |
| Operating profit (loss)9901 | €3.1m | €3.1m | €0.6m | €3.2m | €2.0m | €1.6m | €3.5m | €2.1m | ▼ 41.6% |
| Financial income75/76B | - | - | - | €205 | €0.4m | €1.8m | €2.2m | €1.7m | ▼ 25.2% |
| Recurring financial income75 | €0.03m | €0.03m | €0.004m | €205 | €0.4m | €1.8m | €2.2m | €1.7m | ▼ 25.2% |
| Income from current assets751 | - | - | - | - | €0.4m | €1.8m | €2.2m | €1.7m | ▼ 25.2% |
| Other financial income752/9 | - | - | - | €205 | €81 | €0.003m | €387 | €0.001m | ▲ 213% |
| Financial charges65/66B | - | - | - | €0.4m | €0.5m | €0.5m | €0.4m | €0.5m | ▲ 28.1% |
| Recurring financial charges65 | €0.3m | €0.3m | €0.3m | €0.4m | €0.5m | €0.5m | €0.4m | €0.5m | ▲ 28.1% |
| Debt charges650 | €0.009m | €0.002m | €0.001m | €0.002m | €0.002m | €126 | €0 | - | - |
| Other financial charges652/9 | - | - | - | €0.4m | €0.5m | €0.5m | €0.4m | €0.5m | ▲ 28.1% |
| Profit (loss) for the period before taxes9903 | €2.8m | €2.9m | €0.4m | €2.8m | €1.9m | €3.0m | €5.4m | €3.2m | ▼ 40.1% |
| Income taxes67/77 | €0.8m | €0.9m | €0.1m | €0.7m | €0.5m | €0.8m | €1.4m | €0.8m | ▼ 41.1% |
| Taxes670/3 | - | - | - | €0.7m | €0.5m | €0.8m | €1.4m | €0.8m | ▼ 40.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.01m | - | - | €0.01m | - |
| Profit (loss) for the period9904 | €1.9m | €2.0m | €0.3m | €2.1m | €1.4m | €2.2m | €4.0m | €2.4m | ▼ 39.8% |
| Profit (loss) for the period to be appropriated9905 | €1.9m | €2.0m | €0.3m | €2.1m | €1.4m | €2.2m | €4.0m | €2.4m | ▼ 39.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €48.9m | €51.6m | €52.9m | €51.7m | €55.0m | €56.6m | €60.4m | €63.6m | ▲ 5.3% |
| Fixed assets21/28 | €4.0m | €3.8m | €3.5m | €3.3m | €3.3m | €3.4m | €3.6m | €3.7m | ▲ 3.6% |
| Intangible fixed assets21 | €0.1m | €0.1m | €0.09m | €0.09m | €0.1m | €0.1m | €0.1m | €0.4m | ▲ 169% |
| Tangible fixed assets22/27 | €3.9m | €3.7m | €3.4m | €3.2m | €3.2m | €3.3m | €3.5m | €3.4m | ▼ 2.7% |
| Land and buildings22 | - | - | - | €1.4m | €1.3m | €1.3m | €1.5m | €1.3m | ▼ 10.2% |
| Plant, machinery and equipment23 | - | - | - | €1.7m | €1.5m | €1.6m | €1.9m | €1.9m | ▲ 1.1% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.1m | €0.08m | €0.1m | €0.1m | ▲ 27.8% |
| Assets under construction and advance payments27 | - | - | - | - | €0.2m | €0.3m | - | €0.001m | - |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | ▲ 19.6% |
| Affiliated companies280/1 | - | - | - | €1 | €1 | €1 | - | - | - |
| Participating interests280 | - | - | - | €1 | €1 | €1 | - | - | - |
| Other financial fixed assets284/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | ▲ 19.6% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | ▲ 19.6% |
| Current assets29/58 | €44.9m | €47.8m | €49.4m | €48.4m | €51.8m | €53.2m | €56.8m | €59.9m | ▲ 5.4% |
| Amounts receivable after more than one year29 | - | - | - | - | €41.6m | €43.3m | €45.3m | €46.9m | ▲ 3.4% |
| Other amounts receivable291 | - | - | - | - | €41.6m | €43.3m | €45.3m | €46.9m | ▲ 3.4% |
| Stocks and contracts in progress3 | €1.0m | €1.1m | €0.6m | €0.7m | €1.1m | €1.3m | €1.4m | €1.7m | ▲ 22.5% |
| Stocks30/36 | - | - | - | €0.7m | €1.1m | €1.3m | €1.4m | €1.7m | ▲ 22.5% |
| Raw materials and consumables30/31 | - | - | - | €0.7m | €1.0m | €1.2m | €1.3m | €1.7m | ▲ 23.8% |
| Work in progress32 | - | - | - | €0.06m | €0.06m | €0.05m | €0.08m | €0.09m | ▲ 3.2% |
| Finished goods33 | - | - | - | €0.002m | €0.02m | €0.006m | €0.004m | €0.004m | ▼ 10.8% |
| Amounts receivable within one year40/41 | €43.7m | €46.5m | €48.6m | €47.3m | €8.5m | €8.3m | €9.9m | €11.1m | ▲ 12.2% |
| Trade receivables40 | - | - | - | €1.6m | €2.4m | €2.3m | €2.2m | €2.0m | ▼ 8.9% |
| Other amounts receivable41 | - | - | - | €45.7m | €6.1m | €6.0m | €7.7m | €9.1m | ▲ 18.1% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.3m | €0.07m | €0.1m | ▲ 77.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.08m | €0.1m | €0.06m | €0.07m | €0.06m | ▼ 16.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €48.9m | €51.6m | €52.9m | €51.7m | €55.0m | €56.6m | €60.4m | €63.6m | ▲ 5.3% |
| Equity10/15 | €42.7m | €44.7m | €44.9m | €47.0m | €48.4m | €50.6m | €54.6m | €57.1m | ▲ 4.4% |
| Contributions10/11 | €5.9m | €5.9m | - | €5.9m | €5.9m | €5.9m | €5.9m | €5.9m | = |
| Reserves13 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Non-distributable reserves130/1 | - | - | - | €0.6m | €0.6m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.6m | €0.6m | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.6m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | €36.2m | €38.2m | €38.5m | €40.6m | €42.0m | €44.2m | €48.2m | €50.6m | ▲ 5.0% |
| Provisions and deferred taxes16 | €1.3m | €1.4m | €3.1m | €0.04m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 16.9% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.04m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 16.9% |
| Pensions and similar obligations160 | - | - | - | - | - | - | €0.05m | €0.05m | ▼ 10.1% |
| Other liabilities and charges164/5 | - | - | - | €0.04m | €0.1m | €0.2m | €0.1m | €0.1m | ▲ 31.1% |
| Amounts payable17/49 | €5.0m | €5.6m | €4.8m | €4.7m | €6.5m | €5.8m | €5.6m | €6.3m | ▲ 14.1% |
| Amounts payable within one year42/48 | €4.9m | €5.5m | €4.8m | €4.7m | €6.5m | €5.8m | €5.6m | €6.3m | ▲ 14.1% |
| Trade debts44 | €4.2m | €4.9m | €4.2m | €4.1m | €5.7m | €4.9m | €4.7m | €5.6m | ▲ 17.6% |
| Suppliers440/4 | - | - | - | €4.1m | €5.7m | €4.9m | €4.7m | €5.6m | ▲ 17.6% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €0.03m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.6m | €0.8m | €0.9m | €0.8m | €0.8m | ▼ 9.1% |
| Taxes450/3 | - | - | - | €0.1m | €0.3m | €0.4m | €0.3m | €0.1m | ▼ 49.1% |
| Remuneration and social security454/9 | - | - | - | €0.5m | €0.6m | €0.5m | €0.6m | €0.6m | ▲ 11.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.9m | €2.0m | €0.3m | €2.1m | €1.4m | €2.2m | €4.0m | €2.4m | ▼ 39.8% |
| + Depreciation and write-downs630 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 13.1% |
| Operating cash flow (approximation) | €2.5m | €2.6m | €0.9m | €2.7m | €2.0m | €2.8m | €4.6m | €3.1m | ▼ 33.0% |
| Investment in fixed assets (approximation) | - | -€0.5m | -€0.3m | -€0.4m | -€0.6m | -€0.7m | -€0.8m | -€0.8m | ▼ 2.4% |
| Change in cash | - | -€0.03m | €0.004m | €0.07m | €0.07m | -€0.03m | -€0.2m | €0.06m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 43 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | unclassified schema | 07-05-2026 | 2026-00110835 |
| 31-12-2024 | unclassified schema | 15-05-2025 | 2025-00099124 |
| 31-12-2023 | unclassified schema | 18-06-2024 | 2024-00156429 |
| 31-12-2022 | unclassified schema | 02-08-2023 | 2023-00321737 |
| 31-12-2021 | unclassified schema | 05-08-2022 | 2022-20272378 |
| 31-12-2020 | unclassified schema | 06-08-2021 | 2021-46800305 |
| 31-12-2019 | full format | 15-10-2020 | 2020-61600589 |
| 31-12-2018 | full format | 27-08-2019 | 2019-51700264 |
| 31-12-2017 | full format | 30-08-2018 | 2018-54400503 |
| 31-12-2016 | full format | 28-08-2017 | 2017-49700184 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.