DENSHA-HEUSDEN
ActiveDENSHA-HEUSDEN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €-385. Equity is shrinking by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 18281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▲+6
Solvency57=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 3.33 against 3.17 in 2024; short-term debt: 29.1% and cash: 20.3% of total assets), but 68% 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
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
32%
Return on assets
-0.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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
17 d late
2024
25 d late
2023
50 d late
2022
105 d late
2021
23 d late
2020
41 d late
2019
49 d late
← 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, micro schema
Equity
€16k▼ 2.3%
2024 · €17k
2018: €70k
2019: €70k
2020: €24k
2021: €25k
2022: €18k
2023: €20k
2024: €17k
2018 → 2025
Total assets
€51k▼ 2.4%
2024 · €53k
2018: €120k
2019: €76k
2020: €41k
2021: €46k
2022: €46k
2023: €60k
2024: €53k
2018 → 2025
Net result
€-385▲ 87.3%
2024 · €-3k
2018: €11k
2019: €293
2020: €-47k
2021: €1k
2022: €-7k
2023: €2k
2024: €-3k
2018 → 2025
Working capital
€35k▲ 1.2%
2024 · €34k
2018: €61k
2019: €61k
2020: €16k
2021: €17k
2022: €11k
2023: €37k
2024: €34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€18k▼ 28.8%€20k▲ 12.7%€17k▼ 15.3%€16k▼ 2.3%
Operating result€218-€-9k€-842▲ 90.4%€-5k▼ 526%€-5k▲ 9.1%
Net result€1k-€-7k€2k€-3k€-385▲ 87.3%
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 €5k in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51k
Fixed assets
€2k▼ 33.3%
Current assets
€50k▼ 0.9%
Equity and liabilities €51k
Equity
€16k▼ 2.3%
Debt
€35k▼ 2.5%
The debt ratio stays at 68.0%.
Key figures and ratios
EBITDA
€-4k▲
2024 · €-4k
Cash flow
€415▲
2024 · €-2k
Solvency
32.0%▲
2024 · 31.9%
Current ratio
3.33▲
2024 · 3.17
Quick ratio
0.74▲
2024 · 0.59
Debt / equity
2.13▼
2024 · 2.13
ROE
-2.3%▲
2024 · -18.1%
ROA
-0.7%▲
2024 · -5.8%
Interest coverage
-10.66▲
2024 · -21.72
Debt
€35k▼
2024 · €36k
Debt ≤ 1 year
€15k▼
2024 · €16k
Debt > 1 year
€20k=
2024 · €20k
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€53k€51k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€2k€2k▼
Current assets29/58€50k€50k▼
Stocks and contracts in progress3€41k€39k▼
Stocks30/36€41k€39k▼
Amounts receivable within one year40/41€328-
Trade receivables40€328-
Cash at bank and in hand54/58€8k€10k▲
Deferred charges and accrued income490/1€606€632▲
Equity and liabilities
Total equity and liabilities10/49€53k€51k▼
Equity10/15€17k€16k▼
Contributions10/11€20k€20k=
Reserves13€13k€13k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€-16k€-17k▼
Amounts payable17/49€36k€35k▼
Amounts payable after more than one year17€20k€20k=
Other amounts payable178/9€20k€20k=
Amounts payable within one year42/48€16k€15k▼
Trade debts44€2k-
Suppliers440/4€2k-
Advances received on contracts in progress46€86-
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€3k€840▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€9k€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€800€800=
Other operating charges640/8€3k€3k▲
Gross operating margin9900€-2k€-807▲
Operating profit (loss)9901€-5k€-5k▲
Financial income75/76B€2k€5k▲
Recurring financial income75€2k€5k▲
Financial charges65/66B€206€375▲
Recurring financial charges65€206€375▲
Profit (loss) for the period before taxes9903€-3k€-385▲
Profit (loss) for the period9904€-3k€-385▲
Profit (loss) for the period to be appropriated9905€-3k€-385▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-17k▼
Profit (loss) brought forward from the previous period14P€-13k€-16k▼
The notes to these accounts (6 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.80
Current ratio from 1.39 to 2.80; short-term debt falls from €29k to €20k.
13-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 105 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 41 days late
2020
31-12
Financial
Weakest financial yearnet €-47k ▼16034%
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
31-12
Financial
Liquidity times 5current ratio 12.16
Current ratio from 2.23 to 12.16; short-term debt falls from €50k to €6k.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
08-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 251 days late
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 64 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Heusden-Zolder · 1 establishment unit since 2018
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.
Meylandtlaan 1053550 Heusden-ZolderGround area
1,173 m²
Building footprint
839 m²
Volume, LiDAR
6,125 m³
2 parcels, Flanders · tallest building 17.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Densha - Heusden bvba
since 20182.273.141.154
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71403G0492/00K000 | Flanders | 678 m² | 1 · 661 m² | 17.0 m · 3 fl. |
| 71065F0222/00T005 | Flanders | 495 m² | 1 · 178 m² | 9.5 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDiepenbeek2.273.141.154
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Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 3,975 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-2008
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
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.