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HEEDFELD ENGINEERING

Active
Private limited companyfounded 2025active for 1 yearHasseltsesteenweg 653, 3700 Tongeren-Borgloon, BelgiumKBO/BCE: BE 1022.244.792
Summary

HEEDFELD ENGINEERING has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,404 and a net result of €16,404. Its solvency ranks better than 54% of 11,573 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€21,404
Total assets
€37,130
Net result
€16,404
Working capital
€17,732

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €37,130
Fixed assets €3,672
Current assets €33,458
Equity and liabilities €37,130
Equity €21,404
Debt €15,726
Debt finances 42.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€21,957
Cash flow
€16,953
Current ratio
2.13
Debt to equity
0.73
ROE
76.6%
ROA
44.2%
Interest coverage
over 100
Debt ≤ 1 year
€15,726
Income taxes
€4,835

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% 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 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 11,280 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
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€37,130
Fixed assets21/28€3,672
Tangible fixed assets22/27€3,672
Plant, machinery and equipment23€1,180
Furniture and vehicles24€2,492
Current assets29/58€33,458
Amounts receivable within one year40/41€24,605
Trade receivables40€24,605
Cash at bank and in hand54/58€8,853
Equity and liabilities
Total equity and liabilities10/49€37,130
Equity10/15€21,404
Contributions10/11€5,000
Reserves13€16,404
Distributable reserves133€16,404
Amounts payable17/49€15,726
Amounts payable within one year42/48€15,726
Trade debts44€1,146
Suppliers440/4€1,146
Taxes, remuneration and social security45€11,700
Taxes450/3€11,700
Other amounts payable47/48€2,880
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€549
Other operating charges640/8€177
Gross operating margin9900€22,134
Operating profit (loss)9901€21,408
Financial charges65/66B€169
Recurring financial charges65€169
Profit (loss) for the period before taxes9903€21,239
Income taxes67/77€4,835
Profit (loss) for the period9904€16,404
Profit (loss) for the period to be appropriated9905€16,404
Appropriation of the result
Profit (loss) to be appropriated9906€16,404
Transfer to equity691/2€16,404
To other reserves6921€16,404

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€549
Other operating charges640/8€177
Gross operating margin9900€22,134
Operating profit (loss)9901€21,408
Financial charges65/66B€169
Recurring financial charges65€169
Profit (loss) for the period before taxes9903€21,239
Income taxes67/77€4,835
Profit (loss) for the period9904€16,404
Profit (loss) for the period to be appropriated9905€16,404
Line2025
Assets
Total assets20/58€37,130
Fixed assets21/28€3,672
Tangible fixed assets22/27€3,672
Plant, machinery and equipment23€1,180
Furniture and vehicles24€2,492
Current assets29/58€33,458
Amounts receivable within one year40/41€24,605
Trade receivables40€24,605
Cash at bank and in hand54/58€8,853
Equity and liabilities
Total equity and liabilities10/49€37,130
Equity10/15€21,404
Contributions10/11€5,000
Reserves13€16,404
Distributable reserves133€16,404
Amounts payable17/49€15,726
Amounts payable within one year42/48€15,726
Trade debts44€1,146
Suppliers440/4€1,146
Taxes, remuneration and social security45€11,700
Taxes450/3€11,700
Other amounts payable47/48€2,880
Line2025
Profit (loss) for the period9904€16,404
+ Depreciation and write-downs630€549
Operating cash flow (approximation)€16,953

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector, comparable size

Of the 11,492 companies in this sector, figures are known for 6,708. 4,181 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: not fully processed yet. The notices from August 2023 to September 2026 are still being read.