Financials
- Financial year
- 2025
- Total assets
- €273,758
- Loss
- -€196,592
- Solvency
- -62.5%
Total assets▲ 25.8%
Net result
20242025
What The Hek
ActiveSummary
The computed 12-month bankruptcy probability of What The Hek is 3.9% (moderate). The 2025 annual accounts show negative equity (-€170,975) and a net result of -€196,592. Its solvency ranks better than 10% of 13,668 sector peers (NACE 46, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale trade
NACE 46211Other non-specialised retail sale NACE 47120
1 site
Size
€273,758total assets 2025
- Equity
- -€170,975
- Loss
- -€196,592
Turnover not published (micro format)
Structure
- ANGELO DORNYDirector
- Het NestDirector · permanent representative CASSIERS Thomas Stijn Corneel
2025 accounts filed 17 days late
Why 46raises risk1 change of registered office in 24 monthsLoss of €196,592 (financial year 2025)Negative equity -€170,975lowers riskLiquidity: current ratio 0.87, cash €63,622Show the evidence
Checked score
Score 2025
46
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 10% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Weak
Solvency
0-37
equity -62.5% of total assets
Liquidity
31+15
short-term debt 86.6% · cash 23.2%
Profitability
0-62
return on assets -71.8%
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.1%
12-2024: 2.4%▲ +0.3 percentage points vs 11-2024
01-2025: 2.4%● unchanged vs 12-2024
02-2025: 2.6%▲ +0.2 percentage points vs 01-2025
03-2025: 1.8%▼ -0.8 percentage points vs 02-2025
04-2025: 1.8%● unchanged vs 03-2025lowest value
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.8%● unchanged vs 05-2025
07-2025: 1.9%▲ +0.1 percentage points vs 06-2025
08-2025: 1.9%● unchanged vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 2.0%▲ +0.1 percentage points vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 1.9%▼ -0.1 percentage points vs 11-2025
01-2026: 2.0%▲ +0.1 percentage points vs 12-2025
02-2026: 2.4%▲ +0.4 percentage points vs 01-2026
03-2026: 2.1%▼ -0.3 percentage points vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.1%● unchanged vs 05-2026
07-2026: 2.1%● unchanged vs 06-2026
08-2026: 3.3%▲ +1.2 percentage points vs 07-2026
09-2026: 3.2%▼ -0.1 percentage points vs 08-2026
10-2026: 3.9%▲ +0.7 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.87, compared with 1.07 in 2024, below 1; short-term debt: 86.6% and cash: 23.2% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 6% on solvency, 29% on liquidity, 6% on profitability and 1% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€170,975
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-02-2026, 17 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
17 days late
2024
17 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 17 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end30-10-2026 today31-01-2027 deadline
- Permanent representatives: Domy Angelo and Dorny…Registered-office move
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Board & ownership
- Board
- 2 members
- ANGELO DORNYDirector
- Het NestDirector
Network & group
- Connected companies
- 1
Timeline
- Events
- 4
- Since
- 2023
- Next accounts
- by 31-01-2027
- 30-06-2023Incorporation
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale tradeNACE 46211
- Founded
- 28-06-2023
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 9
- Annual meeting
- Last Friday of December
Key facts about What The Hek
- What is the company number of What The Hek?
- 0803.276.202. In Belgium the VAT number is the company number with BE in front: BE 0803.276.202.
- Where is What The Hek based?
- The registered office is at Raveschootsveldstraat 6, 8750 Wingene.Company details
- What does What The Hek do?
- According to the KBO register, the main activity is wholesale trade (NACE 46211).
- What is the legal form of What The Hek?
- Private limited company (BV).
- When was What The Hek founded?
- On 28-06-2023.
- Is What The Hek still active?
- Yes, What The Hek is an active enterprise in the KBO register.
- What is the turnover of What The Hek?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is What The Hek profitable?
- In financial year 2025, What The Hek made a loss of €196,592.
- Where can I find the annual accounts of What The Hek?
- What The Hek filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of What The Hek due?
- By 31-01-2027, for financial year 2026.Timeline
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