HEIBAARD
ActiveHEIBAARD has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €385k and a net result of €54k. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 879 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-12
Solvency55▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.23 in 2024; short-term debt: 20.7% and cash: 5.1% of total assets), and 69.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
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
30.2%
Return on assets
4.3%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
26 d late
2023
8 d early
2022
28 d late
2021
2 d late
2020
27 d late
2019
55 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€385k▲ 16.4%
2024 · €331k
2018: €88k
2019: €137k
2020: €155k
2021: €221k
2022: €293k
2023: €223k
2024: €331k
2018 → 2025
Total assets
€1.28M▲ 61.0%
2024 · €792k
2018: €829k
2019: €828k
2020: €837k
2021: €896k
2022: €908k
2023: €966k
2024: €792k
2018 → 2025
Net result
€54k▼ 49.7%
2024 · €108k
2018: €36k
2019: €48k
2020: €18k
2021: €66k
2022: €72k
2023: €119k
2024: €108k
2018 → 2025
Working capital
€-154k▲ 1.4%
2024 · €-157k
2018: €35k
2019: €21k
2020: €11k
2021: €49k
2022: €64k
2023: €-53k
2024: €-157k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€221k-€293k▲ 32.5%€223k▼ 23.9%€331k▲ 48.4%€385k▲ 16.4%
Operating result€76k-€97k▲ 27.9%€171k▲ 76.7%€156k▼ 9.0%€82k▼ 47.5%
Net result€66k-€72k▲ 8.7%€119k▲ 66.0%€108k▼ 9.4%€54k▼ 49.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.28M
Fixed assets
€1.17M▲ 56.5%
Current assets
€109k▲ 133%
Equity and liabilities €1.28M
Equity
€385k▲ 16.4%
Debt
€890k▲ 92.9%
The debt ratio rises from 58.3% to 69.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€192k▼
2024 · €256k
Cash flow
€164k▼
2024 · €208k
Solvency
30.2%▼
2024 · 41.7%
Current ratio
0.41▲
2024 · 0.23
Quick ratio
0.36▲
2024 · 0.16
Debt / equity
2.31▲
2024 · 1.40
ROE
14.1%▼
2024 · 32.6%
ROA
4.3%▼
2024 · 13.6%
Interest coverage
12.04▼
2024 · 12.11
Debt
€890k▲
2024 · €461k
Debt ≤ 1 year
€264k▲
2024 · €203k
Debt > 1 year
€627k▲
2024 · €258k
Income taxes
€15k▼
2024 · €32k
Staff costs
€406k▲
2024 · €381k
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€792k€1.28M▲
Fixed assets21/28€745k€1.17M▲
Tangible fixed assets22/27€745k€1.17M▲
Land and buildings22€630k€994k▲
Plant, machinery and equipment23€34k€43k▲
Furniture and vehicles24€80k€130k▲
Financial fixed assets28€500-
Current assets29/58€47k€109k▲
Stocks and contracts in progress3€15k€15k▲
Stocks30/36€15k€15k▲
Amounts receivable within one year40/41€2k€28k▲
Trade receivables40-€13k
Other amounts receivable41€2k€15k▲
Cash at bank and in hand54/58€30k€65k▲
Deferred charges and accrued income490/1€540€2k▲
Equity and liabilities
Total equity and liabilities10/49€792k€1.28M▲
Equity10/15€331k€385k▲
Contributions10/11€19k€19k=
Reserves13€312k€366k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€310k€364k▲
Amounts payable17/49€461k€890k▲
Amounts payable after more than one year17€258k€627k▲
Financial debts170/4€258k€625k▲
Other amounts payable178/9-€2k
Amounts payable within one year42/48€203k€264k▲
Current portion of amounts payable after more than one year42€61k€110k▲
Trade debts44€15k€24k▲
Suppliers440/4€15k€24k▲
Taxes, remuneration and social security45€47k€39k▼
Taxes450/3€9k€4k▼
Remuneration and social security454/9€38k€35k▼
Other amounts payable47/48€80k€91k▲
Income statement
Code20242025
Remuneration, social security and pensions62€381k€406k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€110k▲
Other operating charges640/8€9k€58k▲
Gross operating margin9900€646k€656k▲
Operating profit (loss)9901€156k€82k▼
Financial income75/76B€5k€3k▼
Recurring financial income75€5k€3k▼
Financial charges65/66B€21k€16k▼
Recurring financial charges65€21k€16k▼
Profit (loss) for the period before taxes9903€140k€69k▼
Income taxes67/77€32k€15k▼
Profit (loss) for the period9904€108k€54k▼
Profit (loss) for the period to be appropriated9905€108k€54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€108k€54k▼
Transfer to equity691/2€108k€54k▼
To other reserves6921€108k€54k▼
Social balance
Average headcount (FTE)90878.67.7▼
The notes to these accounts (14 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €119k ▲66%
Operating result €171k, net result €119k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
31-12
Financial
Equity above €200kEq €221k ▲42.6%
4 profitable years in a row build equity to €221k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €18k ▼62%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €155k ▲13.4%
3 profitable years in a row build equity to €155k.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 55 days late
2019
31-12
Financial
Equity above €100kEq €137k ▲54.4%
2 profitable years in a row build equity to €137k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 6 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wuustwezel · 1 establishment unit since 2014
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.
Heibaardweg 162990 WuustwezelGround area
2.2 ha
Building footprint
738 m²
Volume, LiDAR
2,712 m³
Parcel 11026C0739/00V000, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Den Heibaard
since 20142.228.022.494
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11026C0739/00V000 | Flanders | 2.2 ha | 1 · 738 m² | 7.1 m · 1 fl. |
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
2024 · 1 entry · 84 EUR awarded · 84 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 84 EUR | 84 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWuustwezel2.228.022.494
Dual-learning approval
6 endedSimilar companies · same sector, comparable size
Tenniscentrum HOF TER BURST
BE 0423.899.106
Lebbeke · Eq €386k
TENNIS CLUB DAVIS EXPLOITATIE
BE 0466.050.752
Wezembeek-Oppem · Eq €384k
'T WIMPELHOF
BE 0477.739.450
Herent · Eq €388k
Association interfédérale du Sport francophone
BE 0447.944.515
Liège · Eq €382k
VALLEE DE RABAIS
BE 0452.342.672
Brussel · Eq €381k
Of 3,290 companies in sector 93110 we hold annual accounts for 1,492. 1,060 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-2014
Fiscal year end31-12
Activities, NACEBEL
93110Operation of sports facilities
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.