Equity
HNC paid out €79,256 in dividends. That is 431% of the 2025 profit.
HNC paid out €79,256 in dividends. That is 431% of the 2025 profit.
Debts rose by €53,717 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
The last five annual accounts were filed 52 to 57 days before the end of the period.
In July 2024, 34,721 companies had the same profile as HNC has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,721 companies, not a prediction for HNC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| HNC Heist-op-den-Berg | €188,453 | €44,935 | 53.4% | - |
| VAN DYCK INTERIEUR Olen | €168,395 | €50,482 | 32.3% | - |
| enzoVorm Antwerp | €201,592 | €46,215 | 64.7% | - |
| S VERMONDEN Wuustwezel | €156,354 | €42,383 | 54.1% | - |
| VAN TICHELT Kalmthout | €186,935 | €34,201 | 52.7% | - |
| L-Tech Balen | €200,138 | €44,528 | 83.1% | - |
| GLÖCKNER MICHAEL ALGEMENE SCHRIJNWERKEN Essen | €189,947 | €45,660 | 11.8% | - |
These companies have the same main activity as HNC: joinery installation (NACE 43320). They are comparable in size and age: total assets between €156,000 and €202,000, founded between 2005 and 2011.
HNC files the micro format. That format states no turnover. The gross margin rose from €36,706 in 2009 to €44,935 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €270,000. Estimated: probably between €200,000 and €460,000.
Higher than 57% of 37,177 companies in 2025.
Higher than 52% of 36,472 companies in 2025.
Higher than 58% of 36,707 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
188,453 | 195,584 | 184,950 | 262,147 | 201,325 | 173,252 | 132,068 | 140,258 | 124,543 | 151,529 | 180,138 | 155,251 | 140,143 | 138,582 | 162,936 | 125,864 | 120,827 | |
21/28 |
20,755 | 38,013 | 58,637 | 75,319 | 64,105 | 63,651 | 8,758 | 18,454 | 26,509 | 36,108 | 45,571 | 11,532 | 18,232 | 35,013 | 28,304 | 42,736 | 50,615 | |
22/27 |
20,120 | 37,378 | 58,002 | 74,684 | 63,470 | 63,016 | 8,123 | 17,819 | 25,624 | 35,223 | 44,821 | 10,782 | 17,482 | 34,263 | 27,554 | 41,986 | 50,615 | |
23 |
15,710 | 24,486 | 33,262 | 12,766 | 12,759 | 756 | 1,135 | 1,513 | - | - | - | - | 1,167 | 3,347 | 5,730 | 8,112 | 4,661 | |
24 |
706 | 8,438 | 19,535 | 31,771 | 44,007 | 54,805 | 6,988 | 16,306 | 25,624 | 35,223 | 44,821 | 10,782 | 16,315 | 30,916 | 21,824 | 33,874 | 45,954 | |
26 |
3,704 | 4,454 | 5,204 | 5,954 | 6,705 | 7,455 | - | - | - | - | - | - | - | - | - | - | - | |
27 |
- | - | - | 24,192 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
635 | 635 | 635 | 635 | 635 | 635 | 635 | 635 | 885 | 885 | 750 | 750 | 750 | 750 | 750 | 750 | - | |
29/58 |
167,699 | 157,571 | 126,313 | 186,828 | 137,219 | 109,601 | 123,310 | 121,805 | 98,035 | 115,422 | 134,566 | 143,719 | 121,911 | 103,569 | 134,633 | 83,127 | 70,212 | |
3 |
1,994 | - | - | - | - | 4,922 | - | - | 6,100 | 13,750 | 9,419 | - | - | - | - | - | - | |
37 |
1,994 | - | - | - | - | 4,922 | - | - | 6,100 | 13,750 | 9,419 | - | - | - | - | - | - | |
40/41 |
10,253 | 33,102 | 31,683 | 11,754 | 20,253 | 20,427 | 8,903 | 25,824 | 38,353 | 20,342 | 42,044 | 6,372 | 9,372 | 6,207 | 10,723 | 14,859 | 15,423 | |
40 |
1,598 | 25,048 | 12,522 | 4,212 | 4,593 | 2,516 | 3,239 | 19,133 | 30,678 | 5,916 | 18,111 | 5,230 | 1,372 | 3,990 | 7,685 | 8,458 | 14,060 | |
41 |
8,655 | 8,055 | 19,161 | 7,542 | 15,660 | 17,910 | 5,664 | 6,691 | 7,675 | 14,426 | 23,933 | 1,142 | 8,000 | 2,217 | 3,038 | 6,401 | 1,364 | |
54/58 |
153,473 | 122,047 | 91,330 | 172,881 | 113,945 | 81,568 | 113,808 | 95,381 | 53,332 | 81,329 | 83,103 | 137,347 | 112,540 | 97,362 | 123,910 | 68,268 | 54,789 | |
490/1 |
1,978 | 2,422 | 3,300 | 2,194 | 3,021 | 2,685 | 600 | 600 | 250 | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
188,453 | 195,584 | 184,950 | 262,147 | 201,325 | 173,252 | 132,068 | 140,258 | 124,543 | 151,529 | 180,138 | 155,251 | 140,143 | 138,582 | 162,936 | 125,864 | 120,827 | |
10/15 |
100,696 | 161,543 | 157,984 | 153,908 | 145,308 | 134,858 | 124,447 | 116,806 | 101,963 | 98,470 | 95,985 | 89,143 | 68,013 | 59,245 | 52,169 | 39,509 | 27,174 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
50,387 | 111,235 | 107,675 | 103,599 | 94,999 | 84,549 | 74,138 | 66,497 | 51,654 | 48,161 | 45,676 | 22,990 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
50,387 | 111,235 | 107,675 | 103,599 | 93,139 | 82,689 | 72,278 | 64,637 | 49,794 | 46,301 | 43,816 | 21,130 | - | - | - | - | - | |
14 |
31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 47,553 | 47,553 | 38,785 | 31,709 | 19,049 | 6,714 | |
17/49 |
87,757 | 34,040 | 26,966 | 108,239 | 56,017 | 38,395 | 7,621 | 23,452 | 22,580 | 53,060 | 84,152 | 66,108 | 72,130 | 79,337 | 110,767 | 86,354 | 93,653 | |
17 |
- | - | - | 4,400 | 10,950 | 17,439 | - | - | - | - | 35,000 | 35,000 | 35,000 | 37,223 | 45,867 | 54,127 | 62,020 | |
170/4 |
- | - | - | 4,400 | 10,950 | 17,439 | - | - | - | - | 35,000 | 35,000 | 35,000 | 37,223 | 45,867 | 54,127 | 62,020 | |
42/48 |
87,757 | 34,040 | 24,846 | 103,839 | 44,865 | 20,490 | 7,621 | 23,452 | 22,580 | 53,060 | 49,152 | 31,108 | 36,670 | 41,864 | 49,669 | 32,227 | 31,633 | |
42 |
- | - | 4,400 | 6,550 | 6,490 | 6,430 | - | - | - | - | - | - | 2,223 | 8,644 | 8,260 | 7,893 | 7,543 | |
44 |
1,425 | - | 9,796 | 34,578 | 27,905 | 5,604 | - | - | - | 4,504 | 25,245 | - | 3,688 | 5,901 | 16,777 | 1,874 | 5,159 | |
440/4 |
1,425 | - | 9,796 | 34,578 | 27,905 | 5,604 | - | - | - | 4,504 | 25,245 | - | 3,688 | 5,901 | 16,777 | 1,874 | 5,159 | |
45 |
7,546 | 4,874 | 3,750 | 8,240 | 3,750 | 1,250 | - | - | - | 1,250 | 1,250 | 3,000 | 2,926 | 1,364 | 1,000 | 1,455 | 2,350 | |
450/3 |
7,546 | 4,874 | 3,750 | 8,240 | 3,750 | 1,250 | - | - | - | 1,250 | 1,250 | 3,000 | 2,926 | 1,364 | 1,000 | 1,455 | 2,350 | |
47/48 |
78,786 | 29,166 | 6,899 | 54,471 | 6,719 | 7,206 | 7,621 | 23,452 | 22,580 | 47,306 | 22,657 | 28,108 | 27,833 | 25,955 | 23,632 | 21,005 | 16,581 | |
492/3 |
- | - | 2,120 | - | 202 | 465 | - | - | - | - | - | - | 460 | 250 | 15,232 | - | - | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | 2 | - | - | - | - | - | - | |
9900 |
44,935 | 58,944 | 27,285 | 97,048 | 28,157 | 21,411 | 22,225 | 29,931 | 16,695 | 16,977 | 13,793 | 44,199 | 25,346 | 36,137 | 37,441 | 30,317 | 36,706 | |
630 |
17,258 | 21,918 | 20,844 | 16,022 | 13,108 | 5,001 | 9,696 | 9,696 | 9,599 | 9,599 | 2,894 | 6,700 | 17,633 | 19,536 | 14,433 | 14,462 | 16,336 | |
640/8 |
588 | 1,002 | 529 | 835 | 587 | 458 | 923 | 915 | 906 | 947 | 1,510 | 1,117 | 1,211 | 1,771 | 671 | 374 | 276 | |
66A |
- | - | - | - | - | 653 | - | - | - | - | - | - | - | - | - | - | 750 | |
9901 |
27,088 | 36,025 | 5,912 | 80,191 | 14,461 | 15,299 | 11,606 | 19,320 | 6,190 | 6,431 | 9,389 | 36,382 | 6,502 | 14,830 | 22,337 | 15,481 | 20,093 | |
75/76B |
407 | 374 | 501 | 40 | 210 | 108 | 354 | 269 | 303 | 102 | 347 | 797 | 1,399 | 706 | 618 | 304 | 60 | |
75 |
407 | 374 | 501 | 40 | 210 | 108 | 354 | 269 | 303 | 102 | 347 | 797 | 1,399 | 706 | 618 | 304 | 60 | |
65/66B |
621 | 261 | 319 | 372 | 396 | 530 | 176 | 29 | 103 | 1,452 | 1,492 | 1,524 | 1,829 | 3,660 | 2,648 | 4,326 | 2,820 | |
65 |
621 | 261 | 319 | 372 | 396 | 530 | 176 | 29 | 103 | 1,452 | 1,492 | 1,524 | 1,829 | 3,660 | 2,648 | 4,326 | 2,820 | |
9903 |
26,874 | 36,138 | 6,095 | 79,860 | 14,275 | 14,877 | 11,784 | 19,560 | 6,390 | 5,082 | 8,246 | 35,655 | 6,072 | 11,877 | 20,307 | 11,460 | 16,583 | |
67/77 |
8,466 | 10,095 | 2,019 | 21,465 | 3,825 | 4,466 | 4,143 | 4,717 | 2,896 | 2,598 | 1,404 | 14,525 | -2,696 | 4,801 | 7,647 | -876 | 8,009 | |
9904 |
18,408 | 26,043 | 4,076 | 58,395 | 10,450 | 10,411 | 7,641 | 14,843 | 3,494 | 2,484 | 6,842 | 21,130 | 8,768 | 7,076 | 12,660 | 12,336 | 8,574 | |
9905 |
18,408 | 26,043 | 4,076 | 58,395 | 10,450 | 10,411 | 7,641 | 14,843 | 3,494 | 2,484 | 6,842 | 21,130 | 8,768 | 7,076 | 12,660 | 12,336 | 8,574 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
50,117 | 57,752 | 35,785 | 90,104 | 42,159 | 42,120 | 39,350 | 46,552 | 35,203 | 34,193 | 54,395 | 68,683 | 47,553 | 38,785 | 31,709 | 19,049 | 8,574 | |
14P |
31,709 | 31,709 | 31,709 | 31,709 | 31,709 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
79,256 | 22,484 | - | 49,794 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
18,408 | 26,043 | 4,076 | 58,395 | 10,450 | 10,411 | 7,641 | 14,843 | 3,494 | 2,484 | 22,686 | 21,130 | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
18,408 | 26,043 | 4,076 | 58,395 | 10,450 | 10,411 | 7,641 | 14,843 | 3,494 | 2,484 | 22,686 | 21,130 | - | - | - | - | - | |
694/7 |
79,256 | 22,484 | - | 49,794 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
79,256 | 22,484 | - | 49,794 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00140514 | |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00121419 | |
| 31-12-2023 | micro format | 04-06-2024 | 2024-00111525 | |
| 31-12-2022 | micro format | 07-06-2023 | 2023-00114369 | |
| 31-12-2021 | micro format | 09-06-2022 | 2022-20056616 | |
| 31-12-2020 | micro format | 01-06-2021 | 2021-16400058 | |
| 31-12-2019 | micro format | 02-06-2020 | 2020-13900513 | |
| 31-12-2018 | micro format | 04-06-2019 | 2019-15700246 | |
| 31-12-2017 | micro format | 05-06-2018 | 2018-15800257 | |
| 31-12-2016 | micro format | 06-06-2017 | 2017-14800471 | |
| 31-12-2015 | abbreviated format | 07-06-2016 | 2016-15700147 | |
| 31-12-2014 | abbreviated format | 02-06-2015 | 2015-14100421 | |
| 31-12-2013 | abbreviated format | 03-06-2014 | 2014-14700550 | |
| 31-12-2012 | abbreviated format | 04-06-2013 | 2013-15100416 | |
| 31-12-2011 | abbreviated format | 07-06-2012 | 2012-15600161 | |
| 31-12-2010 | abbreviated format | 07-06-2011 | 2011-15200262 | |
| 31-12-2009 | abbreviated format | 01-06-2010 | 2010-14000002 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 44,347 | 57,943 | 26,755 | 96,213 | 27,569 | 20,300 | 21,302 | 29,016 | 15,789 | 16,030 | 12,283 | 43,082 | 24,135 | 34,366 | 36,769 | 29,943 | 36,429 | ||
| 35,667 | 47,961 | 24,920 | 74,417 | 23,558 | 15,411 | 17,337 | 24,539 | 13,092 | 12,083 | 9,736 | 27,830 | 26,401 | 26,611 | 27,092 | 26,798 | 24,910 | ||
| 0 | 1,294 | 4,162 | 27,236 | 13,562 | 66,882 | 0 | 1,891 | 0 | 135 | 47,432 | 0 | 852 | 26,245 | 0 | 6,584 | 78,876 | ||
| 31,426 | 30,716 | -81,550 | 58,936 | 32,377 | -32,240 | 18,427 | 42,049 | -27,998 | -1,774 | -54,244 | 24,807 | 15,178 | -26,548 | 55,642 | 13,479 | - | ||
| 79,941 | 123,530 | 101,467 | 82,989 | 92,355 | 89,111 | 115,689 | 98,352 | 75,455 | 62,362 | 85,414 | 112,611 | 85,241 | 61,705 | 84,964 | 50,900 | 38,580 | ||
| 53.4% | 82.6% | 85.4% | 58.7% | 72.2% | 77.8% | 94.2% | 83.3% | 81.9% | 65.0% | 53.3% | 57.4% | 48.5% | 42.8% | 32.0% | 31.4% | 22.5% | ||
| 1.91 | 4.63 | 5.08 | 1.80 | 3.06 | 5.35 | 16.18 | 5.19 | 4.34 | 2.18 | 2.74 | 4.62 | 3.32 | 2.47 | 2.71 | 2.58 | 2.22 | ||
| 1.89 | 4.63 | 5.08 | 1.80 | 3.06 | 5.11 | 16.18 | 5.19 | 4.07 | 1.92 | 2.55 | 4.62 | 3.32 | 2.47 | 2.71 | 2.58 | 2.22 | ||
| 0.87 | 0.21 | 0.17 | 0.70 | 0.39 | 0.28 | 0.06 | 0.20 | 0.22 | 0.54 | 0.88 | 0.74 | 1.06 | 1.34 | 2.12 | 2.19 | 3.45 | ||
| 18.3% | 16.1% | 2.6% | 37.9% | 7.2% | 7.7% | 6.1% | 12.7% | 3.4% | 2.5% | 7.1% | 23.7% | 12.9% | 11.9% | 24.3% | 31.2% | 31.6% | ||
| 9.8% | 13.3% | 2.2% | 22.3% | 5.2% | 6.0% | 5.8% | 10.6% | 2.8% | 1.6% | 3.8% | 13.6% | 6.3% | 5.1% | 7.8% | 9.8% | 7.1% | ||
| 71.36 | over 100 | 83.98 | over 100 | 69.58 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,294 | €4,162 | €27,236 | €13,562 |
| €17,258 | €21,918 | €20,844 | €16,022 | €13,108 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 25% lower than in 2024.
Debt's share of the balance-sheet total rises from 17.4% to 46.6%. Equity is lower and debt is higher.
HNC has no parent and no holdings in its annual accounts. is the only director. HNC shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| H N C registered office Hollandstraat 123, 2223 Heist-op-den-Berg | 28-11-2008 | 2.174.500.369 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12033A0221/00C000 | 1,337 m² | 1 · 159 m² | 8.8 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0807.906.763
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