Active BE 0899.026.484Non-profit association

BRUSSELS HEART CENTER

Kruidtuinlaan 32 ·1000 Brussel, Belgium· 18 yrs active

Conclusion Checked

The computed 12-month bankruptcy probability of BRUSSELS HEART CENTER is 0.3% (very low). The 2022 annual accounts show equity of €3k and a net result of €-2k. Equity is shrinking by ~32.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2024. The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€3k
Net result	€-2k
Active	18 yrs
Board	1

Financial profile 5 of 5 axes measured · computed by Checked

56 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 62

Profitability 0

Solvency 98

Growth 22

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.3% Very low

0%0,5%1,5%4%10%≥25%

Lower-risk legal form −Annual accounts: weaker financial profile +No NACE activity registered +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2008, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

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.

Health barometer FY 2022 · computed

62 / 100 Healthy

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 11-09-2023 with the NBB · fiscal year 2022 · verkort

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, equity would indicatively turn negative around fiscal year 2024, 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).

Revenue

€4k

-77.9% 18-22

Net profit

€-2k

-5606.9% 18-22

Total assets

€5k

-0.8% 18-22

Equity

€3k

-43.1% 18-22

Working capital

€3k

-80.5% 18-22

Debt

€2k

-93.3% 18-22

Debt ≤ 1y

€2k

-93.3% 18-22

Current ratio

2.34

+60.3% 18-22

Show 6 other metrics

Quick ratio

2.34

+60.3% 18-22

Solvency

57.3%

-42.7% 18-22

Debt / equity

0.74

- 18-22

ROE

-75.9%

-9937.6% 18-22

ROA

-43.5%

-5654.2% 18-22

Net margin

93.9%

+31.8% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	verkort
Revenue	-
EBITDA	-
Net profit	€-2k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€5k
Equity	€3k
Debt	€2k
of which ≤ 1y	€2k
of which > 1y	-
Working capital	€3k
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	2.34
Quick ratio	2.34
Working capital ratio	57.3%
Solvency	57.3%
Debt / equity	0.74
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-43.5%
ROE	-75.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Equity & liabilities

Equity €3k · 57.3% Debt €2k · 42.7%

Full annual accounts (14 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€5k
Current assets	29/58	€5k
Cash & bank	54/58	€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€5k
Equity	10/15	€3k
Accumulated profits (losses)	14	€3k
Amounts payable	17/49	€2k
Amounts payable within one year	42/48	€2k
Trade debts payable within one year	44	€2k
Income statement
Operating result	9901	€-2k
Financial charges	65	€39
Result before taxes	9903	€-2k
Net result for the period	9904	€-2k
Result to be appropriated	9905	€-2k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 14 directors

Current directors & mandates

Quentin De Coninck
Director
State Gazette act 20119022 (12-10-2020)

Current
12-10-2020 → present

Historic, not recently confirmed (3)

These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.

François DE SLOOVER
Administrateur (représentant de la clinique st pierre)
State Gazette act 17160780 (16-11-2017)

Not recently confirmed
last confirmed in an act from 2017
Guillebert de BERNARD de FAUCONVAL de DEUKEN
Administrateur (représentant de la clinique st jean)
State Gazette act 17160780 (16-11-2017)

Not recently confirmed
last confirmed in an act from 2017
Jan DE RAET
Administrateur (représentant des médecins)
State Gazette act 17160780 (16-11-2017)

Not recently confirmed
last confirmed in an act from 2017

Former directors (10)

Guillebert de Fauconval
Director
State Gazette act 20119022 (12-10-2020)

Former
- → 12-10-2020
Bruno PIRENNE
Director
State Gazette act 14141492 (22-07-2014)

Former
22-07-2014 → 16-11-2017
2 events
- 16-11-2017 Resigned· Director
- 22-07-2014 Appointed· Director
Etienne ALLAEYS
Administrateur (représentant de la clinique st jean)
State Gazette act 17160780 (16-11-2017)

Former
- → 16-11-2017
Gaetano PAPARELLA
Director
State Gazette act 14141492 (22-07-2014)

Former
22-07-2014 → 16-11-2017
2 events
- 16-11-2017 Resigned· Director
- 22-07-2014 Appointed· Director
Philippe DELVAUX
Administrateur (représentant de la clinique st pierre)
State Gazette act 17160780 (16-11-2017)

Former
- → 16-11-2017

5 further former directors in the mandate history. Available in Kantoor S. See plans →

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.

Legal Structure

NACE primary	-
Legal form	Non-profit association(017)
Incorporation	03-07-2008
Status	Active
Postal code	1000

Real-estate footprint Source: CBE × cadastre

Parcels 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.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21802B0032/00R000	Brussels	159 m²	-	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 15 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

11-09-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

26-04-2023

NBB filing Annual accounts filed

fiscal year 2021 · verkort

26-04-2023

NBB filing Annual accounts filed

fiscal year 2020 · verkort

2020

12-10-2020

State Gazette act Director changes

v3.2

14-08-2020

NBB filing Annual accounts filed

fiscal year 2019 · verkort

2019

30-08-2019

NBB filing Annual accounts filed

fiscal year 2018 · verkort

2018

27-09-2018

NBB filing Annual accounts filed

fiscal year 2017 · verkort

2017

16-11-2017

State Gazette act Director changes

v3.2

08-09-2017

NBB filing Annual accounts filed

fiscal year 2016 · verkort

2016

13-10-2016

NBB filing Annual accounts filed

fiscal year 2015 · verkort

11-04-2016

State Gazette act Statutes amendment

v3.2

02-03-2016

State Gazette act Director changes

v3.2

2015

10-08-2015

NBB filing Annual accounts filed

fiscal year 2014 · verkort

2014

22-07-2014

State Gazette act Director changes

v3.2

04-07-2014

NBB filing Annual accounts filed

fiscal year 2013 · verkort

Belgian State Gazette reading coverage 0 of 14 acts read

We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 5 acts

All acts · 5 updated 5 years ago

2020

12-10-2020 1 director appointed, 1 resigning Director changes

Quentin De Coninck, Bestuurder
Guillebert de Fauconval, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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2017

16-11-2017 3 directors appointed, 6 resigning Director changes

Guillebert de BERNARD de FAUCONVAL de DEUKEN, Administrateur (représentant de la clinique st jean)
François DE SLOOVER, Administrateur (représentant de la clinique st pierre)
Jan DE RAET, Administrateur (représentant des médecins)
Etienne ALLAEYS, Administrateur (représentant de la clinique st jean)
Philippe DELVAUX, Administrateur (représentant de la clinique st pierre)
Steven VERCAUTEREN, Administrateur (représentant des médecins)
Bruno PIRENNE, Bestuurder
Gaetano PAPARELLA, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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2016

11-04-2016 Articles of association amended Statutes amendment

Summary: v3.2

Original publication ↗

Technical details

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    "changed": true
  },
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  },
  "object_change": {
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  "subject_company": {
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  "legal_form_change": {
    "new": "Association sans but lucratif",
    "old": "Association sans but lucratif",
    "changed": false
  }
}

02-03-2016 1 director appointed, 1 resigning Director changes

Pierre-Yves ETIENNE, Bestuurder
Philippe BETTENDORFF, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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      "kind": "director_out",
      "role": "administrateur",
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2014

22-07-2014 2 directors appointed, 2 resigning Director changes

Bruno PIRENNE, Bestuurder
Gaetano PAPARELLA, Bestuurder
Marc CASTADOT, Bestuurder
Philippe PURNODE, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameFR	BRUSSELS HEART CENTER
AbbreviationFR	BHC

Registered office

Kruidtuinlaan 32

1000 Brussel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.