What The Hek
ActiveThe computed 12-month bankruptcy probability of What The Hek is 3.1% (moderate). The 2025 annual accounts show negative equity (€-171k) and a net result of €-197k. Its solvency ranks better than 10% of 11195 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
7
/ 100
Critical▼ -56 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency42▲+21
Growth32
Stability94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 1.07 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-62.5%
Return on assets
-71.8%
Age of the figures
15 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€171k
neutral · Filed after the deadline
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. 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 · 2 filingsDeviation from the deadline
2025
17 d late
2024
17 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-171k
2024 · €26k
2024: €26k
2024 → 2025
Total assets
€274k▲ 25.8%
2024 · €218k
2024: €218k
2024 → 2025
Net result
€-197k
2024 · €24k
2024: €24k
2024 → 2025
Working capital
€-31k
2024 · €13k
2024: €13k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€26k-€-171k
Operating result€43k-€-178k
Net result€24k-€-197k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €178k after €43k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €274k
Fixed assets
€68k▲ 165%
Current assets
€206k▲ 7.2%
Key figures and ratios
EBITDA
€-168k▼
2024 · €46k
Cash flow
€-186k▼
2024 · €27k
Solvency
-62.5%▼
2024 · 11.8%
Current ratio
0.87▼
2024 · 1.07
Quick ratio
0.42▼
2024 · 0.70
Debt / equity
-2.60▼
2024 · 7.50
ROE
115.0%▲
2024 · 92.2%
ROA
-71.8%▼
2024 · 10.9%
Interest coverage
-9.00▼
2024 · 3.61
Debt
€445k▲
2024 · €192k
Debt ≤ 1 year
€237k▲
2024 · €179k
Debt > 1 year
€200k▲
2024 · €13k
Income taxes
€0▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€218k€274k▲
Fixed assets21/28€26k€68k▲
Intangible fixed assets21€11k€40k▲
Tangible fixed assets22/27€12k€28k▲
Plant, machinery and equipment23€12k€17k▲
Furniture and vehicles24-€8k
Other tangible fixed assets26-€3k
Financial fixed assets28€3k€0▼
Current assets29/58€192k€206k▲
Stocks and contracts in progress3€66k€107k▲
Stocks30/36€66k€107k▲
Amounts receivable within one year40/41€77k€28k▼
Trade receivables40€50k€0▼
Other amounts receivable41€27k€28k▲
Cash at bank and in hand54/58€19k€64k▲
Deferred charges and accrued income490/1€29k€7k▼
Equity and liabilities
Total equity and liabilities10/49€218k€274k▲
Equity10/15€26k€-171k▼
Contributions10/11€2k€2k=
Reserves13€24k€24k=
Distributable reserves133€24k€24k=
Profit (loss) carried forward14-€-197k
Amounts payable17/49€192k€445k▲
Amounts payable after more than one year17€13k€200k▲
Financial debts170/4€13k€200k▲
Amounts payable within one year42/48€179k€237k▲
Current portion of amounts payable after more than one year42€5k€43k▲
Financial debts43€25k€100k▲
Credit institutions430/8€25k€100k▲
Trade debts44€91k€84k▼
Suppliers440/4€91k€84k▼
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€10k€9k▼
Other amounts payable47/48€48k€876▼
Accrued charges and deferred income492/3-€8k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€10k▲
Other operating charges640/8€534€640▲
Gross operating margin9900€46k€-167k▼
Operating profit (loss)9901€43k€-178k▼
Financial income75/76B€34€190▲
Recurring financial income75€34€190▲
Financial charges65/66B€13k€19k▲
Recurring financial charges65€13k€19k▲
Profit (loss) for the period before taxes9903€30k€-197k▼
Income taxes67/77€6k€0▼
Profit (loss) for the period9904€24k€-197k▼
Profit (loss) for the period to be appropriated9905€24k€-197k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€-197k▼
Transfer to equity691/2€24k€0▼
To other reserves6921€24k€0▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
17-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 17 days late
NBB filing
Directors · office · real estate
Directors
2 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, Wingene · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Raveschootsveldstraat 68750 WingeneGround area
5,178 m²
Building footprint
1,320 m²
Parcel 37019C0330/00G003, Flanders. Linked by address, not a title deed.
1 establishment unit
What The Hek
since 20232.346.838.784
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019C0330/00G003 | Flanders | 5,178 m² | 1 · 1,320 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWingene2.346.838.784
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BE 0723.529.928
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Scritch & Co
BE 0768.778.448
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WIM CEUSTERS DIERENSPECIAALZAAK
BE 0896.390.658
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Ozzherdy
BE 0789.597.717
Horebeke · Eq €17k
Of 175 companies in sector 46211 we hold annual accounts for 79. 31 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2023
Fiscal year end30-06
Activities, NACEBEL
46211Wholesale trade
47120Other non-specialised retail sale
47910Retail trade
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
73120Media representation
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.