Belgian Heroes

Active

Public limited companyfounded 201510 yrs activeRue Destrée 52, 6001 Charleroi, BelgiumKBO/BCE: BE 0642.867.104

Belgian Heroes has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12k and a net result of €-1k. Its solvency ranks better than 95% of 1934 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2024

76 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability16▲+16

Solvency100=

Growth58

Track record100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

short-term debt: 0.3% and cash: 98.5% of total assets, and 0.3% of the assets are financed with debt.

How do we compute the score and the probability?

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

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 59

Relative position

BE, all sectors

reference

Sector 59

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

99.7%

Return on assets

-8.4%

Age of the figures

21 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

2324

2023 to 2024 · latest year €-1k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

28 d early

2023

27 d early

2022

4 d early

2021

4 d early

2020

12 d early

2019

on the day

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€12k▼ 7.8%

2023 · €13k

2023: €13k

2023 → 2024

Total assets

€12k▼ 16.1%

2023 · €15k

2023: €15k

2023 → 2024

Net result

€-1k▲ 84.4%

2023 · €-7k

2023: €-7k

2023 → 2024

Working capital

€12k▼ 7.8%

2023 · €13k

2023: €13k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€13k-€12k▼ 7.8%

Operating result€-6k-€-568▲ 90.9%

Net result€-7k-€-1k▲ 84.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €568 in 2024 against €6k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €12k

99.7%

Equity €12k▼ 7.8%

Debt €35▼ 97.5%

The debt ratio falls from 9.3% to 0.3%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

Solvency

99.7%▲

2023 · 90.7%

Debt / equity

0.00▼

2023 · 0.10

ROE

-8.4%▲

2023 · -50.0%

ROA

-8.4%▲

2023 · -45.3%

Debt

€35▼

2023 · €1k

Debt ≤ 1 year

€35▼

2023 · €1k

A ratio outside any meaningful range has been withheld (balance sheet total €12k, equity €12k).

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€15k€12k▼

Current assets29/58€15k€12k▼

Amounts receivable within one year40/41€113€191▲

Other amounts receivable41€113€191▲

Cash at bank and in hand54/58€15k€12k▼

Equity and liabilities

Total equity and liabilities10/49€15k€12k▼

Equity10/15€13k€12k▼

Contributions10/11€2.14M€2.14M=

Capital10€2.14M€2.14M=

Issued capital100€2.14M€2.14M=

Profit (loss) carried forward14€-2.12M€-2.13M=

Amounts payable17/49€1k€35▼

Amounts payable within one year42/48€1k€35▼

Trade debts44€994€35▼

Suppliers440/4€994€35▼

Other amounts payable47/48€372-

Income statement Code20232024

Gross operating margin9900€-6k€-568▲

Operating profit (loss)9901€-6k€-568▲

Financial charges65/66B€419€466▲

Recurring financial charges65€419€466▲

Profit (loss) for the period before taxes9903€-7k€-1k▲

Profit (loss) for the period9904€-7k€-1k▲

Profit (loss) for the period to be appropriated9905€-7k€-1k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-2.12M€-2.13M=

Profit (loss) brought forward from the previous period14P€-2.12M€-2.12M▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 1Filings 9

2025

03-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Liquidity times 33current ratio 356.73

Current ratio from 10.74 to 356.73; short-term debt falls from €1k to €35.

04-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

27-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

27-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

19-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

10-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

13-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

29-06

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

10 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, Charleroi · 1 establishment unit since 2015

establishment The establishment unit on the map

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.

Rue Destrée 526001 Charleroi

Ground area

1.2 ha

Building footprint

4,527 m²

Volume, LiDAR

43,748 m³