Heavy BSX
ActiveSummary
Heavy BSX has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €796,880 and a net result of -€76,887. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 1918 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-9
Solvency46▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.24 in 2024; short-term debt: 49.8% and cash: 6.5% of total assets), and 78.8% of the assets are financed with debt.
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Signals
Four 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
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
29 d late
2023
20 d late
2022
6 d early
2021
31 d late
2020
45 d late
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 21 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€796,880▼ 8.8%
2024 · €873,768
Total assets
€3.8m▲ 6.5%
2024 · €3.5m
Net result
-€76,887
2024 · €179,127
Working capital
€234,595▼ 33.5%
2024 · €352,528
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€376,648▲ 37.0%€167,484▼ 55.5%-€170,401€259,306-€3,000
Net result€255,780above the sector's middle half▲ 24.2%€113,673within the sector's middle half▼ 55.6%-€277,359below the sector's middle half€179,127above the sector's middle half-€76,887below the sector's middle half
Equity€1.0mabove the sector's middle half▲ 32.3%€1.1mabove the sector's middle half▲ 3.6%€694,694within the sector's middle half▼ 36.0%€873,768within the sector's middle half▲ 25.8%€796,880above the sector's middle half▼ 8.8%
Total assets€2.8mabove the sector's middle half▲ 50.4%€3.4mabove the sector's middle half▲ 20.4%€3.7mabove the sector's middle half▲ 9.6%€3.5mabove the sector's middle half▼ 5.0%€3.8mabove the sector's middle half▲ 6.5%
Debt€1.8m▲ 64.6%€2.3m▲ 30.6%€3.0m▲ 31.2%€2.7m▼ 11.6%€3.0m▲ 11.5%
Working capital€709,745above the sector's middle half▲ 25.4%€702,267above the sector's middle half▼ 1.1%€229,072within the sector's middle half▼ 67.4%€352,528within the sector's middle half▲ 53.9%€234,595within the sector's middle half▼ 33.5%
Solvency37.2%within the sector's middle half▼ 5.1pp32.0%within the sector's middle half▼ 5.2pp18.7%below the sector's middle half▼ 13.3pp24.8%within the sector's middle half▲ 6.1pp21.2%within the sector's middle half▼ 3.6pp
Current ratio1.69within the sector's middle half▼ 0.261.61within the sector's middle half▼ 0.081.14within the sector's middle half▼ 0.461.24within the sector's middle half▲ 0.091.13within the sector's middle half▼ 0.11
Return on assets (ROA)9.1%within the sector's middle half▼ 1.9pp3.4%within the sector's middle half▼ 5.7pp-7.5%below the sector's middle half▼ 10.8pp5.1%within the sector's middle half▲ 12.5pp-2.0%below the sector's middle half▼ 7.1pp
Staff (FTE)36.4above the sector's middle half▲ 16.3%44.8above the sector's middle half▲ 23.1%44.9above the sector's middle half▲ 0.2%47.3above the sector's middle half▲ 5.3%44.8above the sector's middle half▼ 5.3%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3,000 after €259,306 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€1.7m ▼ 1.4%
Current assets
€2.1m ▲ 13.6%
Equity and liabilities €3.8m
Equity
€796,880 ▼ 8.8%
Debt
€3.0m ▲ 11.5%
Debt's share of the balance-sheet total rises from 75.2% to 78.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€670,196▼
2024 · €857,071
Cash flow
€596,308▼
2024 · €776,892
Debt to equity
3.71▲
2024 · 3.04
ROE
-9.6%▼
2024 · 20.5%
Interest coverage
8.61▼
2024 · 9.42
Debt ≤ 1 year
€1.9m▲
2024 · €1.5m
Debt > 1 year
€1.1m▼
2024 · €1.2m
Income taxes
€1,753▲
2024 · -€35,926
Staff costs
€3.2m▲
2024 · €3.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,507 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €58,517 | €27,601 | €43,449 | ▲ 57.4% |
| Remuneration, social security and pensions62 | €2.0m | €2.6m | €2.9m | €3.2m | €3.2m | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €280,783 | €448,237 | €575,113 | €597,765 | €673,196 | ▲ 12.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€17,000 | €0 | ▲ 100% |
| Other operating charges640/8 | €59,657 | €56,343 | €147,527 | €81,035 | €58,493 | ▼ 27.8% |
| Non-recurring operating charges66A | - | - | €65,566 | €24,262 | €136,285 | ▲ 462% |
| Gross operating margin9900 | €2.7m | €3.2m | €3.6m | €4.1m | €4.1m | ▼ 1.0% |
| Operating profit (loss)9901 | €376,648 | €167,484 | -€170,401 | €259,306 | -€3,000 | ▼ 101% |
| Financial income75/76B | €3,383 | €3,209 | €3,862 | €1,361 | €5,696 | ▲ 319% |
| Recurring financial income75 | €3,383 | €3,209 | €3,862 | €1,361 | €5,696 | ▲ 319% |
| Financial charges65/66B | €48,092 | €44,245 | €70,820 | €117,466 | €77,831 | ▼ 33.7% |
| Recurring financial charges65 | €24,874 | €44,245 | €70,820 | €90,981 | €77,831 | ▼ 14.5% |
| Non-recurring financial charges66B | €23,218 | - | - | €26,485 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €331,939 | €126,448 | -€237,359 | €143,200 | -€75,134 | ▼ 152% |
| Income taxes67/77 | €76,159 | €12,775 | €40,000 | -€35,926 | €1,753 | ▲ 105% |
| Profit (loss) for the period9904 | €255,780 | €113,673 | -€277,359 | €179,127 | -€76,887 | ▼ 143% |
| Profit (loss) for the period to be appropriated9905 | €255,780 | €113,673 | -€277,359 | €179,127 | -€76,887 | ▼ 143% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €3.4m | €3.7m | €3.5m | €3.8m | ▲ 6.5% |
| Fixed assets21/28 | €1.1m | €1.5m | €1.9m | €1.7m | €1.7m | ▼ 1.4% |
| Tangible fixed assets22/27 | €985,778 | €1.5m | €1.9m | €1.7m | €1.6m | ▼ 1.2% |
| Land and buildings22 | €42,361 | €36,339 | €30,317 | €28,688 | €1,214 | ▼ 95.8% |
| Plant, machinery and equipment23 | €3,821 | €1,192 | €367 | €33,349 | €19,749 | ▼ 40.8% |
| Furniture and vehicles24 | €89,844 | €347,596 | €340,730 | €258,918 | €203,398 | ▼ 21.4% |
| Leasing and similar rights25 | €835,731 | €1.1m | €1.5m | €1.3m | €1.4m | ▲ 5.9% |
| Other tangible fixed assets26 | €14,020 | €9,692 | €7,952 | €2,986 | €648 | ▼ 78.3% |
| Financial fixed assets28 | €85,309 | €48,159 | €30,648 | €9,932 | €7,297 | ▼ 26.5% |
| Current assets29/58 | €1.7m | €1.9m | €1.8m | €1.9m | €2.1m | ▲ 13.6% |
| Amounts receivable within one year40/41 | €1.4m | €1.4m | €1.5m | €1.4m | €1.8m | ▲ 24.2% |
| Trade receivables40 | €1.3m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 11.6% |
| Other amounts receivable41 | €84,351 | €55,363 | €45,756 | €61,963 | €247,879 | ▲ 300% |
| Cash at bank and in hand54/58 | €278,425 | €305,986 | €228,342 | €311,781 | €244,247 | ▼ 21.7% |
| Deferred charges and accrued income490/1 | €40,827 | €124,943 | €125,091 | €123,311 | €99,080 | ▼ 19.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €3.4m | €3.7m | €3.5m | €3.8m | ▲ 6.5% |
| Equity10/15 | €1.0m | €1.1m | €694,694 | €873,768 | €796,880 | ▼ 8.8% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €1.0m | €1.1m | €951,594 | €951,594 | €951,594 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €1.0m | €1.1m | €951,594 | €951,594 | €951,594 | = |
| Profit (loss) carried forward14 | - | - | -€277,359 | -€98,286 | -€175,173 | ▼ 78.2% |
| Provisions and deferred taxes16 | €17,000 | €17,000 | €17,000 | €0 | - | - |
| Provisions for liabilities and charges160/5 | €17,000 | €17,000 | €17,000 | €0 | - | - |
| Major repairs and maintenance162 | €17,000 | €17,000 | €17,000 | €0 | - | - |
| Amounts payable17/49 | €1.8m | €2.3m | €3.0m | €2.7m | €3.0m | ▲ 11.5% |
| Amounts payable after more than one year17 | €716,951 | €1.1m | €1.4m | €1.2m | €1.1m | ▼ 5.5% |
| Financial debts170/4 | €716,951 | €1.1m | €1.4m | €1.2m | €1.1m | ▼ 5.5% |
| Amounts payable within one year42/48 | €1.0m | €1.2m | €1.6m | €1.5m | €1.9m | ▲ 24.7% |
| Current portion of amounts payable after more than one year42 | €236,613 | €383,695 | €542,789 | €464,927 | €470,543 | ▲ 1.2% |
| Financial debts43 | €177,368 | €263,282 | €369,909 | €370,403 | €359,613 | ▼ 2.9% |
| Credit institutions430/8 | €177,368 | €263,282 | €369,909 | €370,403 | €359,613 | ▼ 2.9% |
| Trade debts44 | €422,537 | €278,766 | €353,966 | €403,956 | €513,477 | ▲ 27.1% |
| Suppliers440/4 | €422,537 | €278,766 | €353,966 | €403,956 | €513,477 | ▲ 27.1% |
| Taxes, remuneration and social security45 | €196,964 | €215,456 | €236,093 | €260,308 | €525,692 | ▲ 102% |
| Taxes450/3 | €67,992 | €60,866 | €60,711 | €82,905 | €103,475 | ▲ 24.8% |
| Remuneration and social security454/9 | €128,973 | €154,590 | €175,382 | €177,403 | €422,216 | ▲ 138% |
| Other amounts payable47/48 | - | €17,124 | €78,451 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €255,780 | €113,673 | -€277,359 | €179,127 | -€76,887 | ▼ 143% |
| + Depreciation and write-downs630 | €280,783 | €448,237 | €575,113 | €597,765 | €673,196 | ▲ 12.6% |
| Operating cash flow (approximation) | €536,564 | €561,910 | €297,753 | €776,892 | €596,308 | ▼ 23.2% |
| Investment in fixed assets (approximation) | - | -€905,507 | -€949,115 | -€370,719 | -€650,409 | ▼ 75.4% |
| Change in cash | - | €27,561 | -€77,645 | €83,439 | -€67,534 | ▼ 181% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €179,127
Net result €179,127 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet -€277,359
Net result drops to -€277,359, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €255,780 ▲24.2%
Operating result €376,648, net result €255,780, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲32.3%
4 profitable years in a row build equity to €1.0m.
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 45 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
31-12
Financial
Equity above €500,000Eq €585,098 ▲34.8%
2 profitable years in a row build equity to €585,098.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 9 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 2 establishment units since 2002
Ground area
4.7 ha
Building footprint
1.7 ha
Volume, LiDAR
163,274 m³
2 parcels, Flanders · tallest building 17.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Kieldrechtsebaan(VER) 51, 9130 Beveren-Kruibeke-Zwijndrecht
since 20022.115.413.414
Heavy BSX
since 20262.393.192.512
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0268/00N000 | Flanders | 3.3 ha | 1 · 1.4 ha | 17.8 m · 3 fl. |
| 46027C0817/00K000 | Flanders | 1.3 ha | 1 · 2,845 m² | 13.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
GOSSELIN GROUP
20 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- GOSSELIN GROUP
- Heavy Project Solutions
- Heavy BSX
Highest known parent: GOSSELIN GROUP. The sources do not say who stands above it.
Owners 1
-
80.11%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 31,866 EUR awarded · 32,020 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,971 EUR | 2,971 EUR |
| 2024 | 1 | 6,069 EUR | 6,444 EUR |
| 2023 | 2 | 21,710 EUR | 21,489 EUR |
| 2022 | 1 | 1,116 EUR | 1,116 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeveren-Kruibeke-Zwijndrecht2.115.413.414
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Company details
Identification
Legal formPrivate limited company
Founded12-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
43120Site preparation
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477977594
Also
9925:BE0477977594
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.