HEERWEGH

Active

Private limited companyfounded 200224 yrs activeWeynstraat 152, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0476.711.151

Summary

HEERWEGH has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,272 and a net result of €1,777. Equity is shrinking by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

HEERWEGHActiveChecked score 88/100

Risk analysis Report Compare

Checked score

Score 2025

88 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability71▲+2

Solvency96▲+8

Growth38=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5,000 at 30 days acceptable

Liquidity ample (current ratio 1.77 against 0.83 in 2024; short-term debt: 26.4% and cash: 29.7% of total assets), and 28.8% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 71

Relative position

BE, all sectors

reference

Architectural and engineering activities; technical testing and analysis (NACE 71)

about 56% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

71.2%

Return on assets

1.9%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

11 d early

2024

44 d early

2023

34 d early

2022

34 d early

2021

46 d late

2020

30 d late

2019

74 d early

← 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 17 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)

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 months

Position in the running window

27-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

HEERWEGH was incorporated on 21 January 2002.¹ Revenue fell from EUR 23,266 in 2018 to EUR 1,565 in 2020.²

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Turnover

€1,565▼ 92.4%

2019 · €20,525

EBIT margin

-1319.9%▼ 1355.5pp

2019 · 35.6%

Net result

€1,777▲ 2,334%

2024 · €73

Working capital

€18,988

2024 · -€5,956

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Turnover

Operating result-€2,699▲ 86.9%-€4,992▼ 85.0%€4,989-€3,270-€2,008▲ 38.6%

Net result-€5,736▲ 68.4%-€9,033▼ 57.5%€4,176€73▼ 98.3%€1,777▲ 2,334%

EBIT margin

Equity€69,279▼ 7.6%€60,246▼ 13.0%€64,422▲ 6.9%€64,495▲ 0.1%€66,272▲ 2.8%

Total assets€147,452▼ 47.2%€134,809▼ 8.6%€135,837▲ 0.8%€102,529▼ 24.5%€93,014▼ 9.3%

Debt€78,173▼ 61.7%€74,563▼ 4.6%€71,415▼ 4.2%€38,034▼ 46.7%€26,742▼ 29.7%

Working capital-€46,087▲ 27.5%-€34,559▲ 25.0%-€19,113▲ 44.7%-€5,956▲ 68.8%€18,988

Solvency47.0%▲ 20.1pp44.7%▼ 2.3pp47.4%▲ 2.7pp62.9%▲ 15.5pp71.2%▲ 8.3pp

above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 stays negative: a loss of €2,008 in 2025 against €3,270 in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €93,014

53.2%

46.8%

Fixed assets €49,441 ▼ 31.9%

Current assets €43,573 ▲ 45.6%

Equity and liabilities €93,014

71.2%

28.8%

Equity €66,272 ▲ 2.8%

Debt €26,742 ▼ 29.7%

Debt's share of the balance-sheet total falls from 37.1% to 28.8%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€22,840▲

2024 · €21,154

Cash flow

€26,625▲

2024 · €24,497

Current ratio

1.77▲

2024 · 0.83

Debt to equity

0.40▼

2024 · 0.59

ROE

2.7%▲

2024 · 0.1%

ROA

1.9%▲

2024 · 0.1%

Interest coverage

317.22▼

2024 · 371.12

Debt ≤ 1 year

€24,585▼

2024 · €35,877

Debt > 1 year

€2,157=

2024 · €2,157

Income taxes

-€3,800▼

2024 · -€3,400

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

Micro
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

0.5% went bankrupt

4.9% stopped otherwise

94% 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 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.6%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

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 16,986 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines

Balance sheet Code20242025

Assets

Total assets20/58€102,529€93,014▼

Fixed assets21/28€72,608€49,441▼

Tangible fixed assets22/27€72,608€49,441▼

Land and buildings22€71,131€48,536▼

Furniture and vehicles24€1,477€905▼

Current assets29/58€29,921€43,573▲

Amounts receivable within one year40/41€13,820€9,872▼

Other amounts receivable41€13,820€9,872▼

Current investments50/53€6,000€6,043▲

Cash at bank and in hand54/58€10,101€27,658▲

Equity and liabilities

Total equity and liabilities10/49€102,529€93,014▼

Equity10/15€64,495€66,272▲

Contributions10/11€18,600€18,600=

Reserves13€45,895€47,672▲

Non-distributable reserves130/1€39,886-

Reserves not available under the articles1311€39,886-

Distributable reserves133€6,009€47,672▲

Amounts payable17/49€38,034€26,742▼

Amounts payable after more than one year17€2,157€2,157=

Other amounts payable178/9€2,157€2,157=

Amounts payable within one year42/48€35,877€24,585▼

Trade debts44€1,644€133▼

Suppliers440/4€1,644€133▼

Taxes, remuneration and social security45€3,128-

Taxes450/3€3,128-

Other amounts payable47/48€31,105€24,452▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,424€24,848▲

Other operating charges640/8€5,958€3,152▼

Gross operating margin9900€27,112€25,992▼

Operating profit (loss)9901-€3,270-€2,008▲

Financial income75/76B-€57

Recurring financial income75-€57

Financial charges65/66B€57€72▲

Recurring financial charges65€57€72▲

Profit (loss) for the period before taxes9903-€3,327-€2,023▲

Income taxes67/77-€3,400-€3,800▼

Profit (loss) for the period9904€73€1,777▲

Profit (loss) for the period to be appropriated9905€73€1,777▲

Appropriation of the result

Profit (loss) to be appropriated9906€73€1,777▲

Transfer to equity691/2€73€1,777▲

To other reserves6921€73€1,777▲

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

Line	2021	2022	2023	2024	2025	Change
Goods, raw materials, services and sundry goods60/61	€12,156	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€23,181	€23,420	€23,753	€24,424	€24,848	▲ 1.7%
Other operating charges640/8	€1,934	€3,742	€2,281	€5,958	€3,152	▼ 47.1%
Gross operating margin9900	€22,416	€22,170	€31,023	€27,112	€25,992	▼ 4.1%
Operating profit (loss)9901	-€2,699	-€4,992	€4,989	-€3,270	-€2,008	▲ 38.6%
Financial income75/76B	-	-	€32	-	€57	-
Recurring financial income75	-	-	€32	-	€57	-
Financial charges65/66B	€37	€41	€45	€57	€72	▲ 26.3%
Recurring financial charges65	€37	€41	€45	€57	€72	▲ 26.3%
Profit (loss) for the period before taxes9903	-€2,736	-€5,033	€4,976	-€3,327	-€2,023	▲ 39.2%
Income taxes67/77	€3,000	€4,000	€800	-€3,400	-€3,800	▼ 11.8%
Profit (loss) for the period9904	-€5,736	-€9,033	€4,176	€73	€1,777	▲ 2,334%
Profit (loss) for the period to be appropriated9905	-€5,736	-€9,033	€4,176	€73	€1,777	▲ 2,334%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€147,452	€134,809	€135,837	€102,529	€93,014	▼ 9.3%
Fixed assets21/28	€117,523	€96,962	€85,692	€72,608	€49,441	▼ 31.9%
Tangible fixed assets22/27	€117,523	€96,962	€85,692	€72,608	€49,441	▼ 31.9%
Land and buildings22	€117,523	€94,341	€83,643	€71,131	€48,536	▼ 31.8%
Furniture and vehicles24	-	€2,621	€2,049	€1,477	€905	▼ 38.7%
Current assets29/58	€29,929	€37,847	€50,145	€29,921	€43,573	▲ 45.6%
Amounts receivable within one year40/41	€11,819	€13,705	€12,259	€13,820	€9,872	▼ 28.6%
Trade receivables40	€79	-	€102	-	-	-
Other amounts receivable41	€11,740	€13,705	€12,157	€13,820	€9,872	▼ 28.6%
Current investments50/53	-	€1	€31,034	€6,000	€6,043	▲ 0.7%
Cash at bank and in hand54/58	€18,110	€24,141	€6,852	€10,101	€27,658	▲ 174%
Equity and liabilities
Total equity and liabilities10/49	€147,452	€134,809	€135,837	€102,529	€93,014	▼ 9.3%
Equity10/15	€69,279	€60,246	€64,422	€64,495	€66,272	▲ 2.8%
Contributions10/11	€18,600	€18,600	€18,600	€18,600	€18,600	=
Reserves13	€50,679	€41,646	€45,822	€45,895	€47,672	▲ 3.9%
Non-distributable reserves130/1	€39,886	€39,886	€39,886	€39,886	-	-
Reserves not available under the articles1311	€39,886	€39,886	€39,886	€39,886	-	-
Distributable reserves133	€10,793	€1,760	€5,936	€6,009	€47,672	▲ 693%
Amounts payable17/49	€78,173	€74,563	€71,415	€38,034	€26,742	▼ 29.7%
Amounts payable after more than one year17	€2,157	€2,157	€2,157	€2,157	€2,157	=
Other amounts payable178/9	€2,157	€2,157	€2,157	€2,157	€2,157	=
Amounts payable within one year42/48	€76,016	€72,406	€69,258	€35,877	€24,585	▼ 31.5%
Trade debts44	€1,854	€854	-	€1,644	€133	▼ 91.9%
Suppliers440/4	-	€854	-	€1,644	€133	▼ 91.9%
Bills of exchange payable441	€1,854	-	-	-	-	-
Taxes, remuneration and social security45	€6,877	€2,851	€733	€3,128	-	-
Taxes450/3	€6,877	€2,851	€733	€3,128	-	-
Other amounts payable47/48	€67,285	€68,701	€68,525	€31,105	€24,452	▼ 21.4%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	-€5,736	-€9,033	€4,176	€73	€1,777	▲ 2,334%
+ Depreciation and write-downs630	€23,181	€23,420	€23,753	€24,424	€24,848	▲ 1.7%
Operating cash flow (approximation)	€17,445	€14,387	€27,929	€24,497	€26,625	▲ 8.7%
Investment in fixed assets (approximation)	-	-€2,859	-€12,483	-€11,340	-€1,681	▲ 85.2%
Change in cash	-	€6,031	-€17,289	€3,249	€17,557	▲ 440%

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

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

20-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Liquidity doublescurrent ratio 1.77

Current ratio from 0.83 to 1.77; short-term debt falls from €35,877 to €24,585.

17-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €4,176

Net result €4,176 after 3 loss-making years.

27-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

15-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 46 days late

2021

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

31-12

Financial Weakest financial yearnet -€18,145

Net result drops to -€18,145, the lowest in the series; recovery starts the following year.

18-05

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Back to profitnet €7,523

Net result €7,523 after one loss-making year.

28-05

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

30-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 61 days late

2017

30-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 4 acts read

About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

4 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, Sint-Niklaas

exact location from the address register On OpenStreetMap

Ground area

2,115 m²

Building footprint

232 m²

Volume, LiDAR

1,095 m³

Parcel 46021A1019/02K000, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46021A1019/02K000	Flanders	2,115 m²	1 · 232 m²	10.3 m · 1 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.

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BUREAU D'ARCHITECTE ALPHONSE D'ANGELO

Of 18,250 companies in sector 71111 we hold annual accounts for 6,320. 5,445 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded21-01-2002

Fiscal year end31-12

Activities, NACEBEL 2025

71111Activities of building architects

E-invoicing

Reachable via Peppol

Peppol ID 0208:0476711151

Registered 02-03-2026

Scores and ratios are computed by Checked and are not a credit decision.