H. Heethem
ActiveH. Heethem has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €318k and a net result of €23k. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 94% of 4454 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-42
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 7.55 against 7.79 in 2024), and 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 49
Relative position
BE, all sectors
reference
Sector 49
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
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
92%
Return on assets
6.7%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
44 d early
2023
35 d early
2022
31 d late
2021
22 d late
2020
30 d late
2019
69 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€318k▲ 7.9%
2024 · €295k
2018: €102k
2019: €109k
2020: €136k
2021: €144k
2022: €226k
2023: €249k
2024: €295k
2018 → 2025
Total assets
€346k=
2024 · €346k
2018: €154k
2019: €144k
2020: €166k
2021: €171k
2022: €312k
2023: €313k
2024: €346k
2018 → 2025
Net result
€23k▼ 49.7%
2024 · €46k
2018: €8k
2019: €12k
2020: €28k
2021: €32k
2022: €82k
2023: €47k
2024: €46k
2018 → 2025
Working capital
€181k▼ 26.0%
2024 · €244k
2018: €90k
2019: €100k
2020: €123k
2021: €134k
2022: €169k
2023: €191k
2024: €244k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€144k-€226k▲ 57.2%€249k▲ 10.0%€295k▲ 18.5%€318k▲ 7.9%
Operating result€50k-€97k▲ 96.3%€62k▼ 36.7%€58k▼ 5.6%€28k▼ 52.5%
Net result€32k-€82k▲ 160%€47k▼ 42.8%€46k▼ 2.2%€23k▼ 49.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 52% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €346k
Fixed assets
€138k▲ 110%
Current assets
€208k▼ 25.6%
Equity and liabilities €346k
Equity
€318k▲ 7.9%
Debt
€28k▼ 45.5%
The debt ratio falls from 14.6% to 8.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€75k▼
2024 · €81k
Cash flow
€71k▲
2024 · €69k
Solvency
92.0%▲
2024 · 85.4%
Current ratio
7.55▼
2024 · 7.79
Quick ratio
7.55▼
2024 · 7.79
Debt / equity
0.09▼
2024 · 0.17
ROE
7.3%▼
2024 · 15.6%
ROA
6.7%▼
2024 · 13.3%
Interest coverage
78.47▲
2024 · 71.14
Debt
€28k▼
2024 · €51k
Debt ≤ 1 year
€28k▼
2024 · €36k
Income taxes
€7k▼
2024 · €17k
Staff costs
€671▼
2024 · €988
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€346k€346k=
Fixed assets21/28€66k€138k▲
Tangible fixed assets22/27€56k€128k▲
Plant, machinery and equipment23€910€10k▲
Furniture and vehicles24€6k€89k▲
Leasing and similar rights25€40k€20k▼
Other tangible fixed assets26€10k€9k▼
Financial fixed assets28€9k€9k=
Current assets29/58€280k€208k▼
Amounts receivable within one year40/41€47k€52k▲
Trade receivables40€43k€41k▼
Other amounts receivable41€4k€11k▲
Cash at bank and in hand54/58€227k€150k▼
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€346k€346k=
Equity10/15€295k€318k▲
Contributions10/11€25k€25k=
Outside capital11€25k€25k=
Other1109/19€25k€25k=
Reserves13€270k€293k▲
Tax-exempt reserves132€51k€51k=
Distributable reserves133€220k€243k▲
Amounts payable17/49€51k€28k▼
Amounts payable after more than one year17€15k-
Financial debts170/4€15k-
Amounts payable within one year42/48€36k€28k▼
Current portion of amounts payable after more than one year42€16k€15k▼
Trade debts44€14k€9k▼
Suppliers440/4€14k€9k▼
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€6k€4k▼
Income statement
Code20242025
Non-recurring operating income76A-€17k
Remuneration, social security and pensions62€988€671▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€47k▲
Other operating charges640/8€2k€796▼
Gross operating margin9900€84k€76k▼
Operating profit (loss)9901€58k€28k▼
Financial income75/76B€7k€4k▼
Recurring financial income75€7k€4k▼
Financial charges65/66B€1k€954▼
Recurring financial charges65€1k€954▼
Profit (loss) for the period before taxes9903€64k€30k▼
Income taxes67/77€17k€7k▼
Profit (loss) for the period9904€46k€23k▼
Profit (loss) for the period to be appropriated9905€46k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€23k▼
Profit (loss) brought forward from the previous period14P€-23k-
Transfer to equity691/2€24k€23k▼
To other reserves6921€24k€23k▼
The notes to these accounts (5 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
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €82k ▲160%
Operating result €97k, net result €82k, both a record.
31-12
Financial
Equity above €200kEq €226k ▲57.2%
5 profitable years in a row build equity to €226k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
Marc Charles HEETHEM
CurrentDirector · since 06-01-2023
Peggy Laura Myriam Yvette DELANGHE
CurrentDirector · since 06-01-2023
06-01-2023
Marc Charles HEETHEM: Resigned as Director
06-01-2023
Marc Charles HEETHEM: Appointed as Director
06-01-2023
Peggy Laura Myriam Yvette DELANGHE: Resigned as Director
06-01-2023
Peggy Laura Myriam Yvette DELANGHE: Appointed as Director
Location & real-estate footprint
Registered office, Middelkerke · 1 establishment unit since 1970
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.
Vaartdijk-Noord 108432 MiddelkerkeGround area
1,531 m²
Building footprint
201 m²
Volume, LiDAR
1,121 m³
Parcel 35008B0596/00Z000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vaartdijk-Noord 10, 8432 Middelkerke
since 19702.003.178.672
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35008B0596/00Z000 | Flanders | 1,531 m² | 1 · 201 m² | 9.5 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.
Similar companies · same sector, comparable size
ENTREPRISE POTTIER FRANCIS
BE 0865.468.444
Flobecq · Eq €318k
BOUWSPECIALITEITEN MERTENS
BE 0441.739.780
Balen · Eq €319k
M&S 51
BE 0680.890.114
Sint-Niklaas · Eq €319k
TRANSPORT DE SMET ERWIN
BE 0862.397.306
Lievegem · Eq €318k
LDM Transport
BE 0899.482.087
Roeselare · Eq €319k
Of 12,442 companies in sector 49410 we hold annual accounts for 8,083. 5,713 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-11-1969
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.