HECOTECH
ActiveSummary
HECOTECH has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €242k and a net result of €-25k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 63% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability22▼-58
Solvency83▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity ample (current ratio 2.15 against 2.08 in 2023; short-term debt: 26.9% and cash: 10.2% of total assets), and 41.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
58.5%
Return on assets
-6.1%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-12-2025, 131 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
131 d late
2023
68 d late
2022
30 d late
2021
92 d late
2020
83 d late
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€242k▼ 9.4%
2023 · €267k
2018: €70k
2019: €88k
2020: €94k
2021: €166k
2022: €224k
2023: €267k
2018 → 2024
Total assets
€414k▼ 11.6%
2023 · €468k
2018: €292k
2019: €309k
2020: €310k
2021: €389k
2022: €406k
2023: €468k
2018 → 2024
Net result
€-25k
2023 · €44k
2018: €17k
2019: €18k
2020: €26k
2021: €72k
2022: €58k
2023: €44k
2018 → 2024
Working capital
€128k▼ 10.5%
2023 · €143k
2018: €-11k
2019: €8k
2020: €1k
2021: €43k
2022: €83k
2023: €143k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€94k-€166k▲ 76.1%€224k▲ 35.0%€267k▲ 19.5%€242k▼ 9.4%
Operating result€40k-€92k▲ 132%€74k▼ 19.4%€62k▼ 16.7%€-21k
Net result€26k-€72k▲ 170%€58k▼ 18.9%€44k▼ 24.8%€-25k
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 2024: a loss of €21k after €62k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €414k
Fixed assets
€175k ▼ 9.1%
Current assets
€239k ▼ 13.4%
Equity and liabilities €414k
Equity
€242k ▼ 9.4%
Debt
€172k ▼ 14.6%
Debt's share of the balance-sheet total falls from 42.9% to 41.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▼
2023 · €89k
Cash flow
€1k▼
2023 · €71k
Current ratio
2.15▲
2023 · 2.08
Quick ratio
1.48▼
2023 · 1.89
Debt to equity
0.71▼
2023 · 0.75
ROE
-10.4%▼
2023 · 16.3%
ROA
-6.1%▼
2023 · 9.3%
Interest coverage
1.26▼
2023 · 32.80
Debt ≤ 1 year
€111k▼
2023 · €133k
Debt > 1 year
€59k▼
2023 · €68k
Income taxes
€0▼
2023 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€468k€414k▼
Fixed assets21/28€192k€175k▼
Tangible fixed assets22/27€192k€174k▼
Land and buildings22€143k€135k▼
Plant, machinery and equipment23€34k€31k▼
Furniture and vehicles24€14k€8k▼
Financial fixed assets28€250€250=
Current assets29/58€276k€239k▼
Stocks and contracts in progress3€25k€75k▲
Stocks30/36€25k€25k=
Contracts in progress37-€50k
Amounts receivable within one year40/41€168k€79k▼
Trade receivables40€168k€78k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€63k€42k▼
Deferred charges and accrued income490/1€20k€43k▲
Equity and liabilities
Total equity and liabilities10/49€468k€414k▼
Equity10/15€267k€242k▼
Contributions10/11€19k€19k=
Reserves13€249k€223k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€10k€10k=
Distributable reserves133€237k€213k▼
Amounts payable17/49€201k€172k▼
Amounts payable after more than one year17€68k€59k▼
Financial debts170/4€68k€59k▼
Amounts payable within one year42/48€133k€111k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€89k€84k▼
Suppliers440/4€89k€84k▼
Taxes, remuneration and social security45€33k€17k▼
Taxes450/3€33k€17k▼
Other amounts payable47/48€1k€612▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€26k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€90k€8k▼
Operating profit (loss)9901€62k€-21k▼
Financial income75/76B€381€141▼
Recurring financial income75€381€141▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€60k€-25k▼
Income taxes67/77€16k€0▼
Profit (loss) for the period9904€44k€-25k▼
Profit (loss) for the period to be appropriated9905€44k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€-25k▼
Transfer from equity791/2-€25k
Transfer to equity691/2€44k€0▼
To other reserves6921€44k€0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 131 days late
2024
31-12
Financial
Weakest financial yearnet €-25k ▼158%
Net result drops to €-25k, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €200kEq €224k ▲35%
5 profitable years in a row build equity to €224k.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Highest result since 2018net €72k ▲170%
Operating result €92k, net result €72k, both a record.
31-12
Financial
Equity above €150kEq €166k ▲76.1%
4 profitable years in a row build equity to €166k.
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
04-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 96 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 72 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kortrijk · 1 establishment unit since 2013
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.
Mellestraat(Heu) 1028501 KortrijkGround area
830 m²
Building footprint
304 m²
Volume, LiDAR
2,344 m³
Parcel 34016A0566/00K006, Flanders · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HECOTECH
since 20132.225.778.925
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016A0566/00K006 | Flanders | 830 m² | 1 · 304 m² | 9.3 m · 3 fl. |
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.
Similar companies · same sector, comparable size
DECRAENE THOMAS
BE 0676.537.881
Kortrijk · Eq €242,067
Olmaco Solutions
BE 0774.423.254
Brugge · Eq €240,652
Oostendorp - België
BE 0421.768.866
Wijnegem · Eq €240,645
Strickaert Peter
BE 0808.752.148
Sint-Lievens-Houtem · Eq €243,649
JOCA Projects II
BE 0545.852.751
Willebroek · Eq €245,720
Of 1,123 companies in sector 43212 we hold annual accounts for 420. 320 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
28250Manufacture of machinery and equipment not elsewhere classified
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.