HOEDEKIE
ActiveHOEDEKIE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €434k and a net result of €303k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 49% of 2045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency67▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.95 in 2024; short-term debt: 34% and cash: 38% of total assets), but 57.8% 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.
−lowers risk+raises risk○neutral
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 →
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
42.2%
Return on assets
29.5%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
71 d late
2022
44 d late
2021
64 d late
2020
40 d early
2019
53 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€303k▲ 7.5%
2024 · €282k
2018: €65k
2019: €38k
2020: €75k
2021: €155k
2022: €126k
2023: €238k
2024: €282k
2018 → 2025
Working capital
€323k▼ 7.4%
2024 · €349k
2018: €305k
2019: €215k
2020: €150k
2021: €227k
2022: €263k
2023: €294k
2024: €349k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€285k-€331k▲ 16.2%€348k▲ 5.3%€381k▲ 9.2%€434k▲ 14.0%
Operating result€219k-€180k▼ 17.6%€330k▲ 82.8%€385k▲ 16.9%€405k▲ 5.1%
Net result€155k-€126k▼ 18.6%€238k▲ 88.3%€282k▲ 18.7%€303k▲ 7.5%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€355k▲ 7.2%
Current assets
€672k▼ 6.0%
Equity and liabilities €1.03M
Equity
€434k▲ 14.0%
Debt
€594k▼ 10.9%
The debt ratio falls from 63.6% to 57.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€447k▲
2024 · €423k
Cash flow
€345k▲
2024 · €320k
Solvency
42.2%▲
2024 · 36.4%
Current ratio
1.93▼
2024 · 1.95
Quick ratio
1.43▼
2024 · 1.53
Debt / equity
1.37▼
2024 · 1.75
ROE
69.9%▼
2024 · 74.1%
ROA
29.5%▲
2024 · 26.9%
Interest coverage
49.92▲
2024 · 43.66
Debt
€594k▼
2024 · €666k
Debt ≤ 1 year
€349k▼
2024 · €366k
Debt > 1 year
€243k▲
2024 · €241k
Income taxes
€100k▲
2024 · €96k
Staff costs
€235k▼
2024 · €244k
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€1.05M€1.03M▼
Fixed assets21/28€331k€355k▲
Tangible fixed assets22/27€331k€355k▲
Land and buildings22€306k€286k▼
Plant, machinery and equipment23€9k€8k▼
Furniture and vehicles24€16k€62k▲
Current assets29/58€716k€672k▼
Stocks and contracts in progress3€155k€175k▲
Stocks30/36€136k€123k▼
Contracts in progress37€19k€52k▲
Amounts receivable within one year40/41€122k€75k▼
Trade receivables40€88k€65k▼
Other amounts receivable41€35k€10k▼
Cash at bank and in hand54/58€402k€390k▼
Deferred charges and accrued income490/1€36k€33k▼
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.03M▼
Equity10/15€381k€434k▲
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Share premium1100/10€20k€20k=
Reserves13€71k€71k=
Tax-exempt reserves132€64k€64k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€289k€343k▲
Amounts payable17/49€666k€594k▼
Amounts payable after more than one year17€241k€243k▲
Financial debts170/4€241k€243k▲
Amounts payable within one year42/48€366k€349k▼
Current portion of amounts payable after more than one year42€42k€46k▲
Trade debts44€42k€45k▲
Suppliers440/4€42k€45k▲
Taxes, remuneration and social security45€33k€9k▼
Taxes450/3€18k-
Remuneration and social security454/9€15k€9k▼
Other amounts payable47/48€250k€250k=
Accrued charges and deferred income492/3€58k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€244k€235k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€42k▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€673k€689k▲
Operating profit (loss)9901€385k€405k▲
Financial income75/76B€3k€7k▲
Recurring financial income75€3k€7k▲
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€378k€403k▲
Income taxes67/77€96k€100k▲
Profit (loss) for the period9904€282k€303k▲
Profit (loss) for the period to be appropriated9905€282k€303k▲
Appropriation of the result
Profit (loss) to be appropriated9906€539k€593k▲
Profit (loss) brought forward from the previous period14P€257k€289k▲
Profit to be distributed694/7€250k€250k=
Return on contributions (dividend)694€250k€250k=
Social balance
Average headcount (FTE)90873.84.0▲
The notes to these accounts (13 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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €303k ▲7.5%
Operating result €405k, net result €303k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 71 days late
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 44 days late
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 64 days late
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €38k ▼41.3%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Merelbeke-Melle · 1 establishment unit since 2008
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.
Ambachtsweg 309820 Merelbeke-MelleGround area
1,410 m²
Building footprint
554 m²
Volume, LiDAR
3,264 m³
Parcel 44412C0096/00M000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hoedekie
since 20082.169.953.247
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412C0096/00M000 | Flanders | 1,410 m² | 1 · 553 m² | 7.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 81 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 81 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,180 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2008
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.