HEXPOL COMPOUNDING HQ
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 18-06-2024, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
43 d early
2022
3 d late
2021
5 d late
2020
6 d late
2019
76 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 9 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€10,705▼ 15.7%
2022 · €12,693
EBIT margin
404.3%▼ 3224.8pp
2022 · 3629.1%
Net result
-€2,202
2022 · €325,202
Working capital
€1.5m▲ 2.6%
2022 · €1.5m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€621,788▼ 24.5%€372,452▼ 40.1%€131,437▼ 64.7%€12,693▼ 90.3%€10,705▼ 15.7%
Operating result€255,696▼ 1.3%€201,255▼ 21.3%€196,163▼ 2.5%€460,636▲ 135%€43,279▼ 90.6%
Net result€153,384▲ 2.6%€125,109▼ 18.4%€124,451▼ 0.5%€325,202▲ 161%-€2,202
EBIT margin41.1%▲ 9.7pp54.0%▲ 12.9pp149.2%▲ 95.2pp3629.1%▲ 3479.8pp404.3%▼ 3224.8pp
Equity€42.4m▲ 0.4%€42.6m▲ 0.3%€42.7m▲ 0.3%€43.0m▲ 0.8%€43.0m=
Total assets€44.8m▼ 0.3%€45.0m▲ 0.3%€46.4m▲ 3.2%€48.9m▲ 5.4%€48.2m▼ 1.4%
Debt€2.4m▼ 10.3%€2.4m▲ 0.6%€3.7m▲ 55.1%€5.9m▲ 59.0%€5.2m▼ 11.6%
Working capital€460,583▲ 47.0%€510,566▲ 10.9%€1.1m▲ 116%€1.5m▲ 32.3%€1.5m▲ 2.6%
Staff (FTE)7.9▲ 5.3%7.5▼ 5.1%6.8▼ 9.3%8.6▲ 26.5%2▼ 76.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 91% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €48.2m
Fixed assets
€41.5m ▼ 0.1%
Current assets
€6.7m ▼ 8.8%
Equity and liabilities €48.2m
Equity
€43.0m =
Debt
€5.2m ▼ 11.6%
Debt's share of the balance-sheet total falls from 12.0% to 10.8%. Debt is lower.
Key figures and ratios
EBITDA
€76,111▼
2022 · €495,953
Cash flow
€30,630▼
2022 · €360,519
Current ratio
1.29▲
2022 · 1.25
Quick ratio
1.23▲
2022 · 1.17
Debt to equity
0.12▼
2022 · 0.14
ROE
0.0%▼
2022 · 0.8%
ROA
0.0%▼
2022 · 0.7%
Interest coverage
0.47▼
2022 · 31.90
Debt ≤ 1 year
€5.2m▼
2022 · €5.9m
Income taxes
€10,239▼
2022 · €126,187
Staff costs
€168,070▼
2022 · €912,806
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €6.4m | €6.7m | €3.0m | ▼ 54.9% |
| Turnover70 | €621,788 | €372,452 | €131,437 | €12,693 | €10,705 | ▼ 15.7% |
| Other operating income74 | - | - | €6.2m | €6.7m | €3.0m | ▼ 55.0% |
| Operating charges60/66A | - | - | €6.2m | €6.3m | €3.0m | ▼ 52.3% |
| Goods for resale, raw materials and consumables60 | - | - | €124,965 | €12,057 | -€17,415 | ▼ 244% |
| Purchases600/8 | - | - | €111,754 | €38,125 | €7,137 | ▼ 81.3% |
| Change in stocks: decrease (increase)609 | - | - | €13,210 | -€26,068 | -€24,553 | ▲ 5.8% |
| Services and other goods61 | - | - | €5.3m | €5.3m | €2.8m | ▼ 47.5% |
| Remuneration, social security and pensions62 | - | - | €738,681 | €912,806 | €168,070 | ▼ 81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,798 | €9,465 | €18,142 | €35,317 | €32,832 | ▼ 7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €18,455 | - |
| Other operating charges640/8 | - | - | €29,017 | €27,907 | €19,478 | ▼ 30.2% |
| Operating profit (loss)9901 | €255,696 | €201,255 | €196,163 | €460,636 | €43,279 | ▼ 90.6% |
| Financial income75/76B | - | - | €845 | €23,995 | €152,930 | ▲ 537% |
| Recurring financial income75 | €1,477 | €2,754 | €845 | €23,995 | €152,930 | ▲ 537% |
| Income from current assets751 | - | - | - | €15,844 | €146,586 | ▲ 825% |
| Other financial income752/9 | - | - | €845 | €8,151 | €6,343 | ▼ 22.2% |
| Financial charges65/66B | - | - | €30,920 | €33,242 | €188,172 | ▲ 466% |
| Recurring financial charges65 | €18,885 | €17,786 | €15,930 | €33,242 | €188,172 | ▲ 466% |
| Debt charges650 | €955 | €329 | €196 | €15,548 | €160,911 | ▲ 935% |
| Other financial charges652/9 | - | - | €15,734 | €17,694 | €27,262 | ▲ 54.1% |
| Non-recurring financial charges66B | - | - | €14,990 | - | - | - |
| Profit (loss) for the period before taxes9903 | €238,288 | €186,223 | €166,088 | €451,389 | €8,036 | ▼ 98.2% |
| Income taxes67/77 | €84,904 | €61,114 | €41,637 | €126,187 | €10,239 | ▼ 91.9% |
| Taxes670/3 | - | - | €49,000 | €126,187 | €10,239 | ▼ 91.9% |
| Tax adjustments and reversals of tax provisions77 | - | - | €7,363 | - | - | - |
| Profit (loss) for the period9904 | €153,384 | €125,109 | €124,451 | €325,202 | -€2,202 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €153,384 | €125,109 | €124,451 | €325,202 | -€2,202 | ▼ 101% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44.8m | €45.0m | €46.4m | €48.9m | €48.2m | ▼ 1.4% |
| Fixed assets21/28 | €42.0m | €42.1m | €41.6m | €41.6m | €41.5m | ▼ 0.1% |
| Intangible fixed assets21 | €697 | - | €91,998 | €73,757 | €54,562 | ▼ 26.0% |
| Tangible fixed assets22/27 | €2,489 | €52,150 | €37,181 | €28,022 | €4,850 | ▼ 82.7% |
| Plant, machinery and equipment23 | - | - | €1,197 | €6,483 | €4,850 | ▼ 25.2% |
| Furniture and vehicles24 | - | - | €35,984 | €21,539 | - | - |
| Financial fixed assets28 | €42.0m | €42.0m | €41.5m | €41.5m | €41.5m | = |
| Affiliated companies280/1 | - | - | €41.5m | €41.5m | €41.5m | = |
| Participating interests280 | - | - | €41.5m | €41.5m | €41.5m | = |
| Current assets29/58 | €2.8m | €2.9m | €4.8m | €7.3m | €6.7m | ▼ 8.8% |
| Stocks and contracts in progress3 | €109,409 | €179,314 | €215,527 | €448,451 | €321,885 | ▼ 28.2% |
| Stocks30/36 | - | - | €215,527 | €448,451 | €321,885 | ▼ 28.2% |
| Goods purchased for resale34 | - | - | €24,831 | €50,899 | €56,997 | ▲ 12.0% |
| Advance payments36 | - | - | €190,696 | €397,552 | €264,888 | ▼ 33.4% |
| Amounts receivable within one year40/41 | €2.6m | €2.6m | €4.5m | €6.8m | €6.3m | ▼ 7.0% |
| Trade receivables40 | - | - | €1.3m | €1.1m | €1.3m | ▲ 20.6% |
| Other amounts receivable41 | - | - | €3.2m | €5.7m | €5.0m | ▼ 12.1% |
| Cash at bank and in hand54/58 | €42,331 | €81,973 | €53,059 | €74,626 | €62,474 | ▼ 16.3% |
| Deferred charges and accrued income490/1 | - | - | €18,878 | €30,617 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44.8m | €45.0m | €46.4m | €48.9m | €48.2m | ▼ 1.4% |
| Equity10/15 | €42.4m | €42.6m | €42.7m | €43.0m | €43.0m | = |
| Contributions10/11 | €37.6m | €37.6m | €37.6m | €37.6m | €37.6m | = |
| Capital10 | - | - | €37.6m | €37.6m | €37.6m | = |
| Issued capital100 | - | - | €37.6m | €37.6m | €37.6m | = |
| Reserves13 | €1.8m | €1.8m | €2.0m | €2.3m | €2.3m | = |
| Non-distributable reserves130/1 | - | - | €2.0m | €2.3m | €2.3m | = |
| Legal reserve130 | - | - | €2.0m | €2.3m | €2.3m | = |
| Profit (loss) carried forward14 | €3.0m | €3.1m | €3.1m | €3.1m | €3.1m | ▼ 0.1% |
| Amounts payable17/49 | €2.4m | €2.4m | €3.7m | €5.9m | €5.2m | ▼ 11.6% |
| Amounts payable within one year42/48 | €2.3m | €2.4m | €3.7m | €5.9m | €5.2m | ▼ 11.6% |
| Trade debts44 | €767,855 | €1.0m | €452,120 | €1.2m | €155,057 | ▼ 87.3% |
| Suppliers440/4 | - | - | €452,120 | €1.2m | €155,057 | ▼ 87.3% |
| Taxes, remuneration and social security45 | - | - | €293,470 | €439,911 | €207,574 | ▼ 52.8% |
| Taxes450/3 | - | - | €51,632 | €54,903 | - | - |
| Remuneration and social security454/9 | - | - | €241,838 | €385,008 | €207,574 | ▼ 46.1% |
| Other amounts payable47/48 | - | - | €2.9m | €4.2m | €4.8m | ▲ 14.6% |
| Accrued charges and deferred income492/3 | - | - | €18,769 | €22,250 | €19,340 | ▼ 13.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €153,384 | €125,109 | €124,451 | €325,202 | -€2,202 | ▼ 101% |
| + Depreciation and write-downs630 | €2,798 | €9,465 | €18,142 | €35,317 | €32,832 | ▼ 7.0% |
| Operating cash flow (approximation) | €156,183 | €134,575 | €142,592 | €360,519 | €30,630 | ▼ 91.5% |
| Investment in fixed assets (approximation) | - | -€58,429 | €452,343 | -€7,918 | €9,536 | ▲ 220% |
| Change in cash | - | €39,641 | -€28,914 | €21,567 | -€12,151 | ▼ 156% |
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
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€2,202
Net result drops to -€2,202, the lowest in the series.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2022
31-12
Financial
Highest result since 2018net €325,202 ▲161%
Operating result €460,636, net result €325,202, both a record.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 5 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 6 days late
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 76 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
11-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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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Structure & network
Owners and holdings
Owners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
99.96%
According to the 2023 annual accounts of HEXPOL COMPOUNDING HQ and those 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.