HexCo
ActiveSummary
The computed 12-month bankruptcy probability of HexCo is 2.2% (moderate). The 2025 annual accounts show equity of €92k and a net result of €-73k. Equity is growing by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 8001 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-29
Solvency45▼-14
Growth52=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.85 against 4.41 in 2024; short-term debt: 24.2% and cash: 15.3% of total assets), but 79.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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 · 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
20.4%
Return on assets
-16%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-73k
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 30-12-2025, 32 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
32 d early
2024
30 d early
2023
5 d early
2022
17 d early
2021
7 d early
2020
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€92k▼ 44.0%
2024 · €165k
2020: €34k
2021: €68k
2022: €107k
2023: €194k
2024: €165k
2020 → 2025
Total assets
€453k▼ 7.1%
2024 · €487k
2020: €80k
2021: €108k
2022: €159k
2023: €487k
2024: €487k
2020 → 2025
Net result
€-73k▼ 148%
2024 · €-29k
2020: €36k
2021: €34k
2022: €48k
2023: €108k
2024: €-29k
2020 → 2025
Working capital
€92k▼ 38.0%
2024 · €149k
2020: €16k
2021: €37k
2022: €71k
2023: €177k
2024: €149k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€107k▲ 56.5%€194k▲ 81.4%€165k▼ 15.1%€92k▼ 44.0%
Operating result€44k-€67k▲ 50.7%€129k▲ 93.4%€-17k€-63k▼ 263%
Net result€34k-€48k▲ 39.8%€108k▲ 126%€-29k€-73k▼ 148%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €63k in 2025 against €17k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €453k
Fixed assets
€251k ▼ 14.8%
Current assets
€202k ▲ 4.6%
Equity and liabilities €453k
Equity
€92k ▼ 44.0%
Debt
€360k ▲ 11.8%
Debt's share of the balance-sheet total rises from 66.1% to 79.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-19k▼
2024 · €26k
Cash flow
€-29k▼
2024 · €14k
Current ratio
1.85▼
2024 · 4.41
Debt to equity
3.90▲
2024 · 1.95
ROE
-78.7%▼
2024 · -17.8%
ROA
-16.0%▼
2024 · -6.0%
Interest coverage
-1.55▼
2024 · 2.09
Debt ≤ 1 year
€109k▲
2024 · €44k
Debt > 1 year
€251k▼
2024 · €279k
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 · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€487k€453k▼
Fixed assets21/28€295k€251k▼
Tangible fixed assets22/27€295k€251k▼
Plant, machinery and equipment23€47k€31k▼
Other tangible fixed assets26€248k€220k▼
Current assets29/58€193k€202k▲
Amounts receivable within one year40/41€90k€40k▼
Trade receivables40€70k€28k▼
Other amounts receivable41€20k€12k▼
Current investments50/53€52k€60k▲
Cash at bank and in hand54/58€44k€69k▲
Deferred charges and accrued income490/1€7k€33k▲
Equity and liabilities
Total equity and liabilities10/49€487k€453k▼
Equity10/15€165k€92k▼
Contributions10/11€8k€8k=
Reserves13€157k€85k▼
Tax-exempt reserves132€82k€42k▼
Distributable reserves133€76k€43k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€322k€360k▲
Amounts payable after more than one year17€279k€251k▼
Financial debts170/4€279k€251k▼
Amounts payable within one year42/48€44k€109k▲
Current portion of amounts payable after more than one year42€27k€28k▲
Trade debts44€17k€76k▲
Suppliers440/4€17k€76k▲
Taxes, remuneration and social security45€387€0▼
Taxes450/3€387€0▼
Other amounts payable47/48€0€6k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€44k▲
Other operating charges640/8€980€1k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€27k€-18k▼
Operating profit (loss)9901€-17k€-63k▼
Financial income75/76B€213€2k▲
Recurring financial income75€213€2k▲
Financial charges65/66B€12k€12k▼
Recurring financial charges65€12k€12k▼
Profit (loss) for the period before taxes9903€-29k€-73k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-29k€-73k▼
Transfer from tax-exempt reserves789-€40k
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€-29k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€-33k▼
Transfer from equity791/2€29k€33k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (10 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
30-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-73k
Net result drops to €-73k, the lowest in the series.
01-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2020net €108k ▲126%
Operating result €129k, net result €108k, both a record.
30-06
Financial
Equity above €150kEq €194k ▲81.4%
4 profitable years in a row build equity to €194k.
14-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €100kEq €107k ▲56.5%
3 profitable years in a row build equity to €107k.
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated 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, Gent · 2 establishment units since 2019
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.
Eendrachtstraat 469000 GentGround area
3,052 m²
Building footprint
1,387 m²
Volume, LiDAR
14,223 m³
2 parcels, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
HexCo
since 20192.291.485.636
HexCo
since 20202.303.315.577
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B1190/00Z007 | Flanders | 2,917 m² | 1 · 1,322 m² | 14.3 m · 3 fl. |
| 44804D0181/00P003 | Flanders | 135 m² | 1 · 65 m² | 14.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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VOLTENO
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BE 0677.948.737
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Of 1,075 companies in sector 46140 we hold annual accounts for 644. 500 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
Founded08-07-2019
Fiscal year end30-06
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.