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HEDGES

Active
Zavelstraat 13 ·1000 Brussel, Belgium
KBO/BCE: BE 1025.978.106
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Belgian State Gazette acts: 0 of 1 read
Age1 yr
Real estate1 parcel · 281 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of HEDGES is 0.6% (low). The 2025 annual accounts show equity of €427k and a net result of €2k. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 27-08-2026 27 d late 2026-00479697

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Young company
Founded in 2025, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.6% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Higher-failure-rate region +Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (micro schema)
EBIT marginNot published (micro schema)
Net result€2k
Working capital€-19k

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 27-08-2026 with the NBB · fiscal year 2025 · micro
Fiscal year2025
Depositmicro
Revenue-
EBITDA€8k
Net profit€2k
Cash flow€5k
Staff costs-
Income taxes€670
Dividends-
Total assets€549k
Equity€427k
Debt€121k
of which ≤ 1y€27k
of which > 1y€89k
Working capital€-19k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.28
Quick ratio0.28
Working capital ratio-3.5%
Solvency77.9%
Debt / equity0.28
Long-term debt ratio0.21
Interest coverage3.33
Gross margin-
Net margin-
ROA0.4%
ROE0.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€549k
Fixed assets 21/28€541k
Tangible fixed assets 22/27€541k
Current assets 29/58€8k
Amounts receivable within one year 40/41€5k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€549k
Equity 10/15€427k
Contributions / capital 10/11€66k
Reserves 13€276k
Accumulated profits (losses) 14€86k
Amounts payable 17/49€121k
Amounts payable after one year 17€89k
Amounts payable within one year 42/48€27k
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€14k
Operating result 9901€5k
Financial income 75€0
Financial charges 65€3k
Result before taxes 9903€3k
Income taxes 67/77€670
Net result for the period 9904€2k
Result to be appropriated 9905€2k
Ratios computed by Checked.

Health barometer

FY 2025 · computed
56 / 100 Fair
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
19 companies at this address See who is registered here

Establishment units

1 location
Zavelstraat 13, 1000 Brussel
Teelt van andere granen dan rijst, en van peulgewassen en oliehoudende zaden
since 20252.385.128.446
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area281 m²
Buildings1
Building footprint364 m²
Volume (LiDAR)4,692 m³
Tallest building22.4 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21808H1538/00F000 Brussels 281 m² 1 · 364 m² 22.4 m · 5 fl.
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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

4 of 5 axes measured
Health56Profitability2Solvency67Growth-Stability67
48 / 100

Mixed profile: strong on solvency, weaker on profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 56
Profitability 2
Solvency 67
Growth -
Stability 67

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 89 of the 5,173 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Teelt van andere granen dan rijst, en van peulgewassen en oliehoudende zaden01110Teelt van groenten, meloenen en wortel- en knolgewassen01130Teelt van andere meerjarige gewassen01290Gemengd landbouwbedrijf01500Exploitatie van bossen02200Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203
Primary activity highlighted.
Names & trade names
Legal nameFR HEDGES
Registered office
Zavelstraat 13
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.