HEGA-Management
ActiveHEGA-Management has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92k and a net result of €102k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 45% of 3181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency71▲+2
Growth66=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.45 in 2024; short-term debt: 53.5% and cash: 87.8% of total assets), but 53.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.4%
Return on assets
51.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-12-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
50 d early
2023
43 d early
2022
54 d early
2021
53 d early
2020
48 d early
2019
23 d early
← 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 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€168k▲ 7.7%
2022 · €156k
2019: €151k
2020: €156k
2021: €156k
2022: €156k
2019 → 2023
EBIT margin
91.8%▲ 5.7pp
2022 · 86.1%
2019: 77.3%
2020: 78.2%
2021: 85.1%
2022: 86.1%
2019 → 2023
Net result
€102k▼ 1.3%
2024 · €103k
2019: €80k
2020: €84k
2021: €98k
2022: €100k
2023: €115k
2024: €103k
2019 → 2025
Working capital
€69k▲ 30.7%
2024 · €53k
2019: €69k
2020: €82k
2021: €81k
2022: €82k
2023: €37k
2024: €53k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€156k-€156k=€168k▲ 7.7%
Equity€83k-€85k▲ 1.9%€87k▲ 2.9%€90k▲ 3.3%€92k▲ 1.8%
Operating result€133k-€134k▲ 1.2%€154k▲ 14.9%€139k▼ 9.8%€138k▼ 1.2%
Net result€98k-€100k▲ 1.8%€115k▲ 16.0%€103k▼ 10.9%€102k▼ 1.3%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €198k
Fixed assets
€23k▼ 38.7%
Current assets
€175k▲ 3.2%
Equity and liabilities €198k
Equity
€92k▲ 1.8%
Debt
€106k▼ 9.2%
The debt ratio falls from 56.5% to 53.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€152k▼
2024 · €154k
Cash flow
€116k▼
2024 · €117k
Solvency
46.4%▲
2024 · 43.5%
Current ratio
1.65▲
2024 · 1.45
Quick ratio
1.65▲
2024 · 1.45
Debt / equity
1.16▼
2024 · 1.30
ROE
110.9%▼
2024 · 114.3%
ROA
51.4%▲
2024 · 49.8%
Interest coverage
974.15▲
2024 · 966.66
Debt
€106k▼
2024 · €117k
Debt ≤ 1 year
€106k▼
2024 · €117k
Income taxes
€36k▼
2024 · €36k
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€207k€198k▼
Fixed assets21/28€38k€23k▼
Tangible fixed assets22/27€38k€23k▼
Furniture and vehicles24€38k€23k▼
Current assets29/58€169k€175k▲
Amounts receivable within one year40/41€0-
Other amounts receivable41€0-
Cash at bank and in hand54/58€168k€174k▲
Deferred charges and accrued income490/1€952€1k▲
Equity and liabilities
Total equity and liabilities10/49€207k€198k▼
Equity10/15€90k€92k▲
Contributions10/11€30k€30k=
Reserves13€60k€62k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€60k€62k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€117k€106k▼
Amounts payable within one year42/48€117k€106k▼
Trade debts44€1k€297▼
Suppliers440/4€1k€297▼
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Other amounts payable47/48€110k€102k▼
Accrued charges and deferred income492/3€193€198▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€1k€841▼
Gross operating margin9900€155k€153k▼
Operating profit (loss)9901€139k€138k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€159€156▼
Recurring financial charges65€159€156▼
Profit (loss) for the period before taxes9903€139k€137k▼
Income taxes67/77€36k€36k▼
Profit (loss) for the period9904€103k€102k▼
Profit (loss) for the period to be appropriated9905€103k€102k▼
Appropriation of the result
Profit (loss) to be appropriated9906€103k€102k▼
Transfer to equity691/2€3k€2k▼
To other reserves6921€3k€2k▼
Profit to be distributed694/7€100k€100k=
Return on contributions (dividend)694€100k€100k=
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (4 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
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
30-06
Financial
Highest result since 2019net €115k ▲16%
Operating result €154k, net result €115k, both a record.
2022
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Eupen · 1 establishment unit since 2010
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.
Binsterweg 284700 Eupen1 establishment unit
HEGA-Management
since 20102.187.486.887
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Of 5,700 companies in sector 70100 we hold annual accounts for 3,492. 2,257 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-05-2010
Fiscal year end30-06
Activities, NACEBEL
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filings
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.