Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of HESTOR is 0.8% (low). The 2024 annual accounts show equity of €463k and a net result of €34k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 1697 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 8 filed financial years, each closing on 31-12. 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 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 31-07-2025 | on the day | 2025-00338152 |
| 31-12-2023 | 31-07-2024 | 27-06-2024 | 34 d early | 2024-00169061 |
| 31-12-2022 | 31-07-2023 | 26-06-2023 | 35 d early | 2023-00160309 |
| 31-12-2021 | 31-07-2022 | 07-07-2022 | 24 d early | 2022-20155599 |
| 31-12-2020 | 31-07-2021 | 25-05-2021 | 67 d early | 2021-15100123 |
| 31-12-2019 | 31-07-2020 | 25-05-2020 | 67 d early | 2020-12900037 |
| 31-12-2018 | 31-07-2019 | 03-06-2019 | 58 d early | 2019-15300495 |
| 31-12-2017 | 31-07-2018 | 26-06-2018 | 35 d early | 2018-23400224 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. 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 signalsMore than 3 years active
Founded in 2016, past the statistically most fragile first 3 years.
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 everyone0.8%
Low
0%0,5%1,5%4%10%≥25%
Multiple establishment units
+Lower-failure-rate sector
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€34k-7.2%
Working capital€224k+0.1%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 31-07-2025 with the NBB · fiscal year 2024 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~8.2%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 37.4% | 14.3% | |
| Net result | €34k | €0 | |
| Equity | €463k | €108k | |
| Gross operating margin | €380k | €52k | |
| Staff costs | €214k | €79k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P70
Stable position over 2020-2024
· n=461-1697
P72
Stable position over 2020-2024
· n=461-1693
P70
Improving position over 2020-2024
· n=461-1697
P83
Improving position over 2020-2024
· n=460-1694
Describes the position versus peers, not a forecast.
€122k
+16.9%
18-24
€34k
-7.2%
18-24
€105k
+19.9%
18-24
€1.24M
+26.6%
18-24
€463k
+7.8%
18-24
€224k
+0.1%
18-24
4
-19.1%
18-24
€214k
+6.9%
18-24
€11k
-31.5%
18-24
€0
-100.0%
18-24
€776k
+41.3%
18-24
€640k
+42.8%
18-24
€136k
+58.1%
18-24
1.35
-10.0%
18-24
1.35
-10.0%
18-24
37.4%
-14.8%
18-24
1.68
+31.1%
18-24
7.2%
-13.9%
18-24
2.7%
-26.7%
18-24
18.44
-41.2%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €122k |
| Net profit | €34k |
| Cash flow | €105k |
| Staff costs | €214k |
| Income taxes | €11k |
| Dividends | - |
| Total assets | €1.24M |
| Equity | €463k |
| Debt | €776k |
| of which ≤ 1y | €640k |
| of which > 1y | €136k |
| Working capital | €224k |
| Employees (FTE) | 3.8 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.35 |
| Quick ratio | 1.35 |
| Working capital ratio | 18.1% |
| Solvency | 37.4% |
| Debt / equity | 1.68 |
| Long-term debt ratio | 0.29 |
| Interest coverage | 18.44 |
| Gross margin | - |
| Net margin | - |
| ROA | 2.7% |
| ROE | 7.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.24M |
| Fixed assets | 21/28 | €374k |
| Intangible fixed assets | 21 | €50k |
| Tangible fixed assets | 22/27 | €309k |
| Financial fixed assets | 28 | €15k |
| Current assets | 29/58 | €864k |
| Amounts receivable within one year | 40/41 | €563k |
| Cash & bank | 54/58 | €292k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.24M |
| Equity | 10/15 | €463k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €442k |
| Accumulated profits (losses) | 14 | €0 |
| Amounts payable | 17/49 | €776k |
| Amounts payable after one year | 17 | €136k |
| Amounts payable within one year | 42/48 | €640k |
| Trade debts payable within one year | 44 | €33k |
| Income statement | ||
| Gross operating margin | 9900 | €380k |
| Operating result | 9901 | €51k |
| Financial income | 75 | €1 |
| Financial charges | 65 | €7k |
| Result before taxes | 9903 | €44k |
| Income taxes | 67/77 | €11k |
| Net result for the period | 9904 | €34k |
| Result to be appropriated | 9905 | €34k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed74
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
3 directorsCurrent directors & mandates
-
CommV PassiemmoNiet statutaireState Gazette act 24137103 (23-09-2024)Current31-07-2024 → present
Permanent representatives (3)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
-
CommV PassiemmoLegal entityPermanent representative· perm. rep.: Kristof VanderbekenState Gazette act 24137103 (23-09-2024)Permanent representative31-07-2024 → present
-
BV MET ConsultingLegal entityPermanent representative· perm. rep.: Torchyto BeerensState Gazette act 24137103 (23-09-2024)Permanent representative- → 31-07-2024
-
BV RESIDOLegal entityPermanent representative· perm. rep.: Mathieu MichielsState Gazette act 24137103 (23-09-2024)Permanent representative- → 31-07-2024
Former directors (2)
-
BV MET consultingLegal entityNiet statutaireState Gazette act 24137103 (23-09-2024)Former- → 31-07-2024
-
BV RESIDOLegal entityNiet statutaireState Gazette act 24137103 (23-09-2024)Former- → 31-07-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Bemiddeling in verband met exploitatie van en handel in onroerend goed(68310) |
| Legal form | Private limited company(610) |
| Incorporation | 20-12-2016 |
| Status | Active |
| Postal code | 9300 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Keizersplein 719300 AalstEstablishment units
6 locationsHESTOR
since 20162.260.152.062
HESTOR
since 20232.340.608.614
HESTOR
since 20232.340.608.713
HESTOR
since 20232.340.608.812
HESTOR
since 20232.344.095.763
HESTOR
since 20232.344.095.862
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels7
Ground area3,379 m²
Buildings7
Building footprint1,281 m²
Volume (LiDAR)10,602 m³
Tallest building15.4 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
7
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002C0539/00T000 | Flanders | 967 m² | 1 · 147 m² | 7.5 m · 2 fl. |
| 42452B0901/00T000 | Flanders | 853 m² | 1 · 399 m² | 15.4 m · 4 fl. |
| 12007B0413/00X006 | Flanders | 466 m² | 1 · 167 m² | 13.8 m · 4 fl. |
| 46443E0800/00E000 | Flanders | 442 m² | 1 · 146 m² | 14.5 m · 3 fl. |
| 46302D1499/00H000 | Flanders | 310 m² | 1 · 183 m² | - |
| 42452B0537/00M000 | Flanders | 255 m² | 1 · 146 m² | 9.8 m · 2 fl. |
| 41002A1918/00D000 | Flanders | 85 m² | 1 · 93 m² | 14.5 m · 4 fl. |
Methodology
via registered seat: 1 · via establishment units: 6
7 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts Address history · 1
23-09-2024
Registered-office move
All acts · 1
updated 1 year ago
2024
23-09-2024 Registered office moved from Hamme to Aalst
- Slangstraat 10 bus B, 9220 Hamme (VI.) → Keizersplein 71, 9300 Aalst
Analysis
Snowflake analysis
financial profile on 5 axes66
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
74
Profitability
36
Solvency
66
Growth
52
Stability
100
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Company registry
Company registry (CBE)
Crossroads BankActivities
Bemiddeling in verband met exploitatie van en handel in onroerend goed68310Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis68311
Primary activity highlighted.
Names & trade names
| Legal nameNL | HESTOR |
| Trade nameNL | HESTOR |
Registered office
Keizersplein 71
9300 Aalst, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.