Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
HECO ET CIE from Wavre, company number BE0436788921, closed financial year 2025 with a result of € 296,089 after tax. For that financial year HECO ET CIE recorded a gross margin of € 529,759 and equity of € 721,241. Compared with financial year 2024, the result moved from € 208,520 to € 296,089. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 721,241
▲ 70% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 296,089
▲ 42% vs 2024
Profit after tax over the fiscal year.
€ 732,227
▲ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 659,538.
People and assets in 2025
€ 30,404
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 219,543
▼ 6% vs 2024
€ 15,172 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 620
▲ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 88,794 | € 105,794 | € 359,804 | € 529,759 | ▲ 47% |
| Profit after taxes | € -2,295 | € 8,764 | € 208,520 | € 296,089 | ▲ 42% |
| Equity | € 207,868 | € 216,631 | € 425,152 | € 721,241 | ▲ 70% |
| Total debts | € 494,468 | € 407,843 | € 391,555 | € 371,376 | ▼ 5% |
| Cash | € 74,211 | € 81,286 | € 412,346 | € 732,227 | ▲ 78% |
| Land & buildings | € 531,185 | € 501,124 | € 421,651 | € 303,840 | ▼ 28% |
| Retained profit | € 146,165 | € 154,929 | € 363,449 | € 659,538 | ▲ 81% |
| Bank debt | € 319,402 | € 248,672 | € 234,306 | € 219,543 | ▼ 6% |
| Balance sheet total | € 746,262 | € 665,304 | € 924,584 | € 1,130,421 | ▲ 22% |
Key figures of HECO ET CIE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HECO ET CIE?
What happened at HECO ET CIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alain Ercolani stepped down as director. NBB
- Colette Hanchard stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 296,089 (▲ 42% vs 2024). Source: NBB ↗
- Alain Ercolani became a director. NBB
- Colette Hanchard became a director. NBB
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,295 loss in 2022 to € 296,089 profit in 2025.
Paid € 247,355 in corporate taxes since 2022.
Best year ever: 2025, with € 296,089 profit.
A new publication or filing at HECO ET CIE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Alain Ercolani
Director
since 2022 · until 2028
Colette Hanchard
Managing director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Avenue Montesquieu 8
1300 Wavre
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.788.921
- VAT number
- BE 0436.788.921
- Registered office
- Avenue Montesquieu 8, 1300 Wavre
- Names & denominations
- HECO ET CIE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 February 1989
- Peppol
- Not registered