HEY
ActiveSummary
HEY has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124,535 and a net result of €13,627. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 68% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+9
Solvency90▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.16 in 2024; short-term debt: 35.3% and cash: 0.4% of total assets), and 35.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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
64.7%
Return on assets
7.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 · 9 filingsDeviation from the deadline
2025
7 d late
2024
6 d early
2023
on the day
2022
31 d late
2021
31 d late
2020
18 d early
2019
136 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€124,535▲ 12.3%
2024 · €110,908
Total assets
€192,415▼ 15.5%
2024 · €227,814
Net result
€13,627▲ 1,698%
2024 · €758
Working capital
-€40,277▲ 54.1%
2024 · -€87,724
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
Line20212022202320242025
Operating result€41,015▼ 10.7%€21,671▼ 47.2%€6,190▼ 71.4%€3,166▼ 48.8%€21,599▲ 582%
Net result€29,582▼ 15.5%€15,359▼ 48.1%€3,320▼ 78.4%€758▼ 77.2%€13,627▲ 1,698%
Equity€91,472▲ 47.8%€106,830▲ 16.8%€110,150▲ 3.1%€110,908▲ 0.7%€124,535▲ 12.3%
Total assets€256,107▲ 108%€188,473▼ 26.4%€439,921▲ 133%€227,814▼ 48.2%€192,415▼ 15.5%
Debt€164,635▲ 169%€81,643▼ 50.4%€329,771▲ 304%€116,906▼ 64.5%€67,881▼ 41.9%
Working capital-€18,525€22,842-€157,091-€87,724▲ 44.2%-€40,277▲ 54.1%
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 582% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192,415
Fixed assets
€164,812 ▼ 21.8%
Current assets
€27,604 ▲ 60.7%
Equity and liabilities €192,415
Equity
€124,535 ▲ 12.3%
Debt
€67,881 ▼ 41.9%
Debt's share of the balance-sheet total falls from 51.3% to 35.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€125,429▲
2024 · €106,109
Cash flow
€117,457▲
2024 · €103,700
Current ratio
0.41▲
2024 · 0.16
Debt to equity
0.55▼
2024 · 1.05
ROE
10.9%▲
2024 · 0.7%
ROA
7.1%▲
2024 · 0.3%
Interest coverage
41.66▼
2024 · 51.93
Debt ≤ 1 year
€67,881▼
2024 · €104,895
Income taxes
€4,962▲
2024 · €365
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,000 | €15,002 | - | €496 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,555 | €25,510 | €31,725 | €102,943 | €103,830 | ▲ 0.9% |
| Other operating charges640/8 | €899 | €244 | €111 | €148 | €150 | ▲ 1.4% |
| Non-recurring operating charges66A | €667 | - | - | - | - | - |
| Gross operating margin9900 | €55,136 | €47,426 | €38,026 | €106,257 | €125,579 | ▲ 18.2% |
| Operating profit (loss)9901 | €41,015 | €21,671 | €6,190 | €3,166 | €21,599 | ▲ 582% |
| Financial income75/76B | €1 | - | - | - | - | - |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | €484 | €722 | €1,652 | €2,043 | €3,011 | ▲ 47.4% |
| Recurring financial charges65 | €484 | €722 | €1,652 | €2,043 | €3,011 | ▲ 47.4% |
| Profit (loss) for the period before taxes9903 | €40,532 | €20,950 | €4,538 | €1,123 | €18,589 | ▲ 1,555% |
| Income taxes67/77 | €10,951 | €5,591 | €1,218 | €365 | €4,962 | ▲ 1,259% |
| Profit (loss) for the period9904 | €29,582 | €15,359 | €3,320 | €758 | €13,627 | ▲ 1,698% |
| Profit (loss) for the period to be appropriated9905 | €29,582 | €15,359 | €3,320 | €758 | €13,627 | ▲ 1,698% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €256,107 | €188,473 | €439,921 | €227,814 | €192,415 | ▼ 15.5% |
| Fixed assets21/28 | €109,996 | €83,988 | €284,263 | €210,642 | €164,812 | ▼ 21.8% |
| Tangible fixed assets22/27 | €109,996 | €83,988 | €284,263 | €210,642 | €164,812 | ▼ 21.8% |
| Plant, machinery and equipment23 | €22,421 | €14,590 | €168,042 | €105,119 | €62,969 | ▼ 40.1% |
| Furniture and vehicles24 | €69,331 | €55,364 | €106,398 | €76,109 | €81,143 | ▲ 6.6% |
| Leasing and similar rights25 | - | - | - | €21,031 | €13,756 | ▼ 34.6% |
| Other tangible fixed assets26 | €18,244 | €14,034 | €9,824 | €8,383 | €6,943 | ▼ 17.2% |
| Current assets29/58 | €146,111 | €104,485 | €155,657 | €17,172 | €27,604 | ▲ 60.7% |
| Amounts receivable within one year40/41 | €142,083 | €101,094 | €154,898 | €16,589 | €26,858 | ▲ 61.9% |
| Trade receivables40 | €95,009 | €95,673 | €153,042 | - | €26,858 | - |
| Other amounts receivable41 | €47,074 | €5,422 | €1,856 | €16,589 | - | - |
| Cash at bank and in hand54/58 | €4,027 | €3,391 | €735 | €491 | €726 | ▲ 47.9% |
| Deferred charges and accrued income490/1 | - | - | €24 | €92 | €19 | ▼ 79.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €256,107 | €188,473 | €439,921 | €227,814 | €192,415 | ▼ 15.5% |
| Equity10/15 | €91,472 | €106,830 | €110,150 | €110,908 | €124,535 | ▲ 12.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €72,872 | €88,230 | €91,550 | €92,308 | €105,935 | ▲ 14.8% |
| Non-distributable reserves130/1 | €366 | €366 | - | - | - | - |
| Reserves not available under the articles1311 | €366 | €366 | - | - | - | - |
| Distributable reserves133 | €72,506 | €87,864 | €91,550 | €92,308 | €105,935 | ▲ 14.8% |
| Amounts payable17/49 | €164,635 | €81,643 | €329,771 | €116,906 | €67,881 | ▼ 41.9% |
| Amounts payable after more than one year17 | - | - | €17,022 | €12,010 | - | - |
| Financial debts170/4 | - | - | €17,022 | €12,010 | - | - |
| Amounts payable within one year42/48 | €164,635 | €81,643 | €312,748 | €104,895 | €67,881 | ▼ 35.3% |
| Current portion of amounts payable after more than one year42 | - | - | €10,286 | €24,508 | €5,021 | ▼ 79.5% |
| Trade debts44 | €147,514 | €58,831 | €287,463 | €78,805 | €56,680 | ▼ 28.1% |
| Suppliers440/4 | €147,514 | €58,831 | €287,463 | €78,805 | €56,680 | ▼ 28.1% |
| Taxes, remuneration and social security45 | €10,951 | €16,541 | €8,728 | €1,583 | €6,180 | ▲ 290% |
| Taxes450/3 | €10,951 | €16,541 | €8,728 | €1,583 | €6,180 | ▲ 290% |
| Other amounts payable47/48 | €6,171 | €6,271 | €6,271 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,582 | €15,359 | €3,320 | €758 | €13,627 | ▲ 1,698% |
| + Depreciation and write-downs630 | €12,555 | €25,510 | €31,725 | €102,943 | €103,830 | ▲ 0.9% |
| Operating cash flow (approximation) | €42,137 | €40,869 | €35,044 | €103,700 | €117,457 | ▲ 13.3% |
| Investment in fixed assets (approximation) | - | €498 | -€232,000 | -€29,321 | -€58,000 | ▼ 97.8% |
| Change in cash | - | -€636 | -€2,656 | -€244 | €235 | ▲ 196% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €100,000Eq €106,830 ▲16.8%
5 profitable years in a row build equity to €106,830.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €35,019 ▲355%
Operating result €45,907, net result €35,019, both a record.
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 136 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Mechelen · 1 establishment unit since 2017
Ground area
3,083 m²
Building footprint
203 m²
Volume, LiDAR
1,112 m³
Parcel 12403E0900/00D000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
HEY
since 20172.260.036.355
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0900/00D000 | Flanders | 3,083 m² | 1 · 203 m² | 8.1 m · 2 fl. |
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.
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Of 396 companies in sector 46839 we hold annual accounts for 251. 165 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
Founded21-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46839Wholesale trade
77320Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.