Heeren Properties is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €68.29M and a net result of €-1.34M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 75% of 4501 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
29 d late
2022
31 d late
2021
121 d late
2020
124 d late
2019
139 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€68.29M
2024 · €-1.05M
2018: €381k
2019: €397k
2020: €423k
2021: €398k
2022: €72k
2023: €-663k
2024: €-1.05M
2018 → 2025
Net result
€-1.34M▼ 247%
2024 · €-386k
2018: €-68k
2019: €47k
2020: €27k
2021: €-26k
2022: €-326k
2023: €-735k
2024: €-386k
2018 → 2025
Total assets
€95.83M▲ 4,044%
2024 · €2.31M
2018: €1.17M
2019: €1.67M
2020: €826k
2021: €815k
2022: €806k
2023: €894k
2024: €2.31M
2018 → 2025
Solvency
71.3%▲ 116.7pp
2024 · -45.4%
2018: 32.5%
2019: 23.7%
2020: 51.2%
2021: 48.8%
2022: 8.9%
2023: -74.2%
2024: -45.4%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€398k-€72k▼ 82.0%€-663k€-1.05M▼ 58.2%€68.29M
Operating result€15k-€-293k€-659k▼ 125%€-263k▲ 60.0%€-837k▼ 218%
Net result€-26k-€-326k▼ 1,176%€-735k▼ 125%€-386k▲ 47.5%€-1.34M▼ 247%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €837k in 2025 against €263k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95.83M
Fixed assets
€94.92M▲ 21,858%
Current assets
€904k▼ 51.9%
Equity and liabilities €95.83M
Equity
€68.29M
Debt
€27.54M
Debt finances 28.7% of the balance-sheet total.
Key figures and ratios
Solvency
71.3%▲
2024 · -45.4%
ROE
-2.0%
ROA
-1.4%▲
2024 · -16.7%
Debt
€27.54M▲
2024 · €3.36M
Debt ≤ 1 year
€17.78M▲
2024 · €3.24M
Debt > 1 year
€9.76M▲
2024 · €121k
Income taxes
€1k▼
2024 · €2k
Staff costs
€807k▼
2024 · €813k
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€2.31M€95.83M▲
Fixed assets21/28€432k€94.92M▲
Intangible fixed assets21€7k€6k▼
Tangible fixed assets22/27€425k€403k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€253k€247k▼
Other tangible fixed assets26€165k€152k▼
Financial fixed assets28€0€94.51M▲
Current assets29/58€1.88M€904k▼
Stocks and contracts in progress3€416k€470k▲
Contracts in progress37€416k€470k▲
Amounts receivable within one year40/41€1.37M€246k▼
Trade receivables40€1.27M€245k▼
Other amounts receivable41€96k€1k▼
Cash at bank and in hand54/58€22k€101k▲
Deferred charges and accrued income490/1€74k€86k▲
Equity and liabilities
Total equity and liabilities10/49€2.31M€95.83M▲
Equity10/15€-1.05M€68.29M▲
Contributions10/11€372k€71.05M▲
Capital10€372k€71.05M▲
Issued capital100€372k€71.05M▲
Reserves13€37k€37k=
Non-distributable reserves130/1€37k€37k=
Legal reserve130€37k€37k=
Profit (loss) carried forward14€-1.46M€-2.80M▼
Amounts payable17/49€3.36M€27.54M▲
Amounts payable after more than one year17€121k€9.76M▲
Financial debts170/4€121k€9.76M▲
Amounts payable within one year42/48€3.24M€17.78M▲
Current portion of amounts payable after more than one year42€71k€70k▼
Financial debts43€83k€55k▼
Credit institutions430/8€83k€55k▼
Trade debts44€189k€865k▲
Suppliers440/4€189k€865k▲
Taxes, remuneration and social security45€154k€317k▲
Taxes450/3€35k€234k▲
Remuneration and social security454/9€119k€83k▼
Other amounts payable47/48€2.74M€16.48M▲
Accrued charges and deferred income492/3€2k€354▼
Income statement
Code20242025
Non-recurring operating income76A-€9k
Remuneration, social security and pensions62€813k€807k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€118k€111k▼
Other operating charges640/8€11k€11k▼
Gross operating margin9900€678k€92k▼
Operating profit (loss)9901€-263k€-837k▼
Financial income75/76B€2€10▲
Recurring financial income75€2€6▲
Non-recurring financial income76B-€4
Financial charges65/66B€121k€504k▲
Recurring financial charges65€121k€504k▲
Profit (loss) for the period before taxes9903€-385k€-1.34M▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€-386k€-1.34M▼
Profit (loss) for the period to be appropriated9905€-386k€-1.34M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.46M€-2.80M▼
Profit (loss) brought forward from the previous period14P€-1.07M€-1.46M▼
Social balance
Average headcount (FTE)90879.48.5▼
The notes to these accounts (23 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-1.34M
Net result drops to €-1.34M, the lowest in the series.
31-12
Financial
Equity above €50MEq €68.29M
Equity rises from €-1.05M to €68.29M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 121 days late
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 124 days late
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 139 days late
2019
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 76 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Turnhout · 1 establishment unit since 2001
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.
Turnovatoren 162300 TurnhoutGround area
6,615 m²
Building footprint
4,734 m²
Volume, LiDAR
11,195 m³
Parcel 13454R0624/00A002, Flanders · tallest building 18.4 m. Linked by address, not a title deed.
1 establishment unit
Kantoor Heeren
since 20012.116.330.459
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13454R0624/00A002 | Flanders | 6,615 m² | 1 · 4,734 m² | 18.4 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 824 EUR awarded · 824 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 378 EUR | 378 EUR |
| 2024 | 1 | 338 EUR | 338 EUR |
| 2023 | 1 | 54 EUR | 54 EUR |
| 2022 | 1 | 54 EUR | 54 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 2,270 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-03-2001
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
64200Holdings
64210Activities of holding companies
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+3214400660