HEEDEN
ActiveSummary
HEEDEN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €292,836 and a net result of €48,397. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 50% of 2108 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+16
Solvency69▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.4 in 2024; short-term debt: 10.1% and cash: 0.6% of total assets), and 55.7% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer 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
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
44.3%
Return on assets
7.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
44 d early
2023
33 d early
2022
3 d early
2021
31 d early
2020
5 d early
2019
on the day
← 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 21 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€292,836▲ 19.8%
2024 · €244,440
Total assets
€661,008▼ 8.5%
2024 · €722,707
Net result
€48,397▲ 132%
2024 · €20,821
Working capital
-€46,138▲ 43.6%
2024 · -€81,813
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 85, Education, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€8,383€53,996€95,662▲ 77.2%€54,216▼ 43.3%€93,913▲ 73.2%
Net result-€20,564below the sector's middle half€30,872above the sector's middle half€53,468above the sector's middle half▲ 73.2%€20,821within the sector's middle half▼ 61.1%€48,397above the sector's middle half▲ 132%
Equity€139,279above the sector's middle half▲ 367%€170,151above the sector's middle half▲ 22.2%€223,619above the sector's middle half▲ 31.4%€244,440above the sector's middle half▲ 9.3%€292,836above the sector's middle half▲ 19.8%
Total assets€686,444above the sector's middle half▲ 8.5%€652,670above the sector's middle half▼ 4.9%€623,135above the sector's middle half▼ 4.5%€722,707above the sector's middle half▲ 16.0%€661,008above the sector's middle half▼ 8.5%
Debt€356,955▼ 9.1%€290,188▼ 18.7%€205,065▼ 29.3%€281,694▲ 37.4%€169,478▼ 39.8%
Working capital-€111,866below the sector's middle half▲ 24.9%-€76,264below the sector's middle half▲ 31.8%-€44,959below the sector's middle half▲ 41.0%-€81,813below the sector's middle half▼ 82.0%-€46,138below the sector's middle half▲ 43.6%
Solvency20.3%within the sector's middle half▲ 15.6pp26.1%within the sector's middle half▲ 5.8pp35.9%within the sector's middle half▲ 9.8pp33.8%within the sector's middle half▼ 2.1pp44.3%within the sector's middle half▲ 10.5pp
Current ratio0.40below the sector's middle half▲ 0.210.50below the sector's middle half▲ 0.110.58below the sector's middle half▲ 0.070.40below the sector's middle half▼ 0.180.31below the sector's middle half▼ 0.09
Return on assets (ROA)-3.0%below the sector's middle half▼ 3.3pp4.7%within the sector's middle half▲ 7.7pp8.6%within the sector's middle half▲ 3.9pp2.9%within the sector's middle half▼ 5.7pp7.3%within the sector's middle half▲ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 73% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €661,008
Fixed assets
€640,238 ▼ 4.3%
Current assets
€20,770 ▼ 61.3%
Equity and liabilities €661,008
Equity
€292,836 ▲ 19.8%
Provisions
€198,693 ▲ 1.1%
Debt
€169,478 ▼ 39.8%
Debt's share of the balance-sheet total falls from 39.0% to 25.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€130,026▲
2024 · €91,839
Cash flow
€84,509▲
2024 · €58,445
Debt to equity
0.58▼
2024 · 1.15
ROE
16.5%▲
2024 · 8.5%
Interest coverage
5.08▲
2024 · 3.79
Debt ≤ 1 year
€66,909▼
2024 · €135,435
Debt > 1 year
€102,570▼
2024 · €146,259
Income taxes
€19,907▲
2024 · €9,149
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 20,134 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,775 | €20,928 | €21,530 | €37,624 | €36,113 | ▼ 4.0% |
| Other operating charges640/8 | - | €934 | €3,487 | €1,535 | €2,864 | ▲ 86.6% |
| Non-recurring operating charges66A | - | €2,121 | €2,121 | €2,121 | €2,121 | = |
| Gross operating margin9900 | €15,493 | €77,979 | €122,800 | €95,495 | €135,011 | ▲ 41.4% |
| Operating profit (loss)9901 | -€8,383 | €53,996 | €95,662 | €54,216 | €93,913 | ▲ 73.2% |
| Financial income75/76B | - | €37 | €178 | - | - | - |
| Recurring financial income75 | €3 | €37 | €178 | - | - | - |
| Financial charges65/66B | - | €22,881 | €20,882 | €24,245 | €25,610 | ▲ 5.6% |
| Recurring financial charges65 | €10,271 | €22,881 | €20,882 | €24,245 | €25,610 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | -€20,446 | €31,152 | €74,958 | €29,970 | €68,304 | ▲ 128% |
| Income taxes67/77 | €118 | €280 | €21,490 | €9,149 | €19,907 | ▲ 118% |
| Profit (loss) for the period9904 | -€20,564 | €30,872 | €53,468 | €20,821 | €48,397 | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | -€20,564 | €30,872 | €53,468 | €20,821 | €48,397 | ▲ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €686,444 | €652,670 | €623,135 | €722,707 | €661,008 | ▼ 8.5% |
| Fixed assets21/28 | €612,611 | €575,104 | €561,976 | €669,084 | €640,238 | ▼ 4.3% |
| Tangible fixed assets22/27 | €612,261 | €574,754 | €561,626 | €668,734 | €639,888 | ▼ 4.3% |
| Land and buildings22 | - | €194,577 | €187,524 | €239,412 | €229,597 | ▼ 4.1% |
| Furniture and vehicles24 | - | €10,686 | €7,225 | €5,100 | €5,071 | ▼ 0.6% |
| Leasing and similar rights25 | - | €369,491 | €366,877 | €424,223 | €405,220 | ▼ 4.5% |
| Financial fixed assets28 | €350 | €350 | €350 | €350 | €350 | = |
| Current assets29/58 | €73,833 | €77,566 | €61,159 | €53,622 | €20,770 | ▼ 61.3% |
| Amounts receivable within one year40/41 | €443 | €19,362 | €5,781 | €24,117 | - | - |
| Trade receivables40 | - | €19,362 | €5,781 | €11,266 | - | - |
| Other amounts receivable41 | - | - | - | €12,851 | - | - |
| Cash at bank and in hand54/58 | €3,617 | €1,324 | €11,516 | - | €3,759 | - |
| Deferred charges and accrued income490/1 | - | €56,880 | €43,863 | €29,505 | €17,012 | ▼ 42.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €686,444 | €652,670 | €623,135 | €722,707 | €661,008 | ▼ 8.5% |
| Equity10/15 | €139,279 | €170,151 | €223,619 | €244,440 | €292,836 | ▲ 19.8% |
| Contributions10/11 | - | €142,500 | €142,500 | €142,500 | €142,500 | = |
| Reserves13 | €19,447 | €19,447 | €19,447 | €19,447 | €19,447 | = |
| Tax-exempt reserves132 | - | €15,447 | €15,447 | €15,447 | €15,447 | = |
| Distributable reserves133 | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | -€22,668 | €8,204 | €61,671 | €82,493 | €130,889 | ▲ 58.7% |
| Provisions and deferred taxes16 | €190,210 | €192,331 | €194,452 | €196,572 | €198,693 | ▲ 1.1% |
| Provisions for liabilities and charges160/5 | - | €192,331 | €194,452 | €196,572 | €198,693 | ▲ 1.1% |
| Other liabilities and charges164/5 | - | €192,331 | €194,452 | €196,572 | €198,693 | ▲ 1.1% |
| Amounts payable17/49 | €356,955 | €290,188 | €205,065 | €281,694 | €169,478 | ▼ 39.8% |
| Amounts payable after more than one year17 | €171,256 | €133,350 | €98,947 | €146,259 | €102,570 | ▼ 29.9% |
| Financial debts170/4 | - | €133,350 | €98,947 | €146,259 | €102,570 | ▼ 29.9% |
| Amounts payable within one year42/48 | €185,699 | €153,830 | €106,118 | €135,435 | €66,909 | ▼ 50.6% |
| Current portion of amounts payable after more than one year42 | - | €42,596 | €35,744 | €47,807 | €43,689 | ▼ 8.6% |
| Financial debts43 | - | €18,871 | €12,678 | €62,088 | €16,081 | ▼ 74.1% |
| Credit institutions430/8 | - | €18,871 | €12,678 | €62,088 | €16,081 | ▼ 74.1% |
| Trade debts44 | €6,572 | €2,091 | €8,046 | €16,527 | €619 | ▼ 96.3% |
| Suppliers440/4 | - | €2,091 | €8,046 | €16,527 | €619 | ▼ 96.3% |
| Taxes, remuneration and social security45 | - | €2,286 | €17,220 | €5,509 | €5,075 | ▼ 7.9% |
| Taxes450/3 | - | €2,286 | €17,220 | €3,704 | €5,075 | ▲ 37.0% |
| Remuneration and social security454/9 | - | - | - | €1,805 | - | - |
| Other amounts payable47/48 | - | €87,985 | €32,430 | €3,505 | €1,444 | ▼ 58.8% |
| Accrued charges and deferred income492/3 | - | €3,009 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,564 | €30,872 | €53,468 | €20,821 | €48,397 | ▲ 132% |
| + Depreciation and write-downs630 | €21,775 | €20,928 | €21,530 | €37,624 | €36,113 | ▼ 4.0% |
| Operating cash flow (approximation) | €1,211 | €51,799 | €74,998 | €58,445 | €84,509 | ▲ 44.6% |
| Investment in fixed assets (approximation) | - | €16,580 | -€8,401 | -€144,732 | -€7,266 | ▲ 95.0% |
| Change in cash | - | -€2,293 | €10,192 | - | - | - |
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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2019net €53,468 ▲73.2%
Operating result €95,662, net result €53,468, both a record.
30-09
Financial
Equity above €200,000Eq €223,619 ▲31.4%
2 profitable years in a row build equity to €223,619.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €30,872
Net result €30,872 after one loss-making year.
30-09
Financial
Equity above €150,000Eq €170,151 ▲22.2%
Equity rises from €139,279 to €170,151.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€20,564
Net result drops to -€20,564, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €100,000Eq €139,279 ▲367%
Equity rises from €29,843 to €139,279.
25-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
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 6 acts read
About the unread acts
We know of 6 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 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 2002
Ground area
1,377 m²
Building footprint
198 m²
Volume, LiDAR
970 m³
Parcel 12017B0444/00F000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwendijk(ITE) 32, 2222 Heist-op-den-Berg
since 20022.116.422.907
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12017B0444/00F000 | Flanders | 1,377 m² | 1 · 198 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2022 · 2 entries · 4,834 EUR awarded · 4,834 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 4,834 EUR | 4,834 EUR |
Similar companies · same sector, comparable size
ABIS
BE 0428.407.725
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Alternatief
BE 0434.131.616
Hasselt · Eq €292,010
SOALYS
BE 0728.827.613
Incourt · Eq €292,000
PRE-FACE
BE 0462.652.089
Wavre · Eq €294,703
Customer Link
BE 0458.213.449
Kontich · Eq €290,878
Of 3,020 companies in this sector we hold annual accounts for 992. 698 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded27-07-2001
Fiscal year end30-09
Activities, NACEBEL 2025
85592Vocational training
86995Nutrition and dietetics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475399968
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.