HEIDEGRIND
ActiveSummary
HEIDEGRIND has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€24,905) and a net result of -€54,327. Its solvency ranks better than 5% of 81 sector peers (NACE 08, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
- Staff
- 1.1 FTE
- Equity
- -€24,905
- Loss
- -€54,327
- Parent
- Hülskens Holding GmbH & Co KG
- Board
- 4 members
Why 53raises riskCapped at 59: negative equityNegative equity -€24,905Liquidity: current ratio 3.55, cash €112,454lowers riskSize: turnover €4.8m, 1.1 FTE, total assets €6.7mSector: Other mining and quarrying (NACE 08)Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 08, micro): better than 7% on solvency, 36% on liquidity, 25% on profitability and 1% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 36 days before the deadline; the sector median (NACE 08) for financial year 2024 is 21 days before the deadline, and 30% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Liquidity more than 6 timescurrent ratio 3.55
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €47,157 after a loss of €19,979 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 08, Other mining and quarrying: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 91.6% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 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 74.5% 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 1,555 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Operating income70/76A | €231 | €4.8m | ▲ 20,729× |
| Turnover70 | - | €4.8m | - |
| Other operating income74 | €231 | €0.02m | ▲ 94× |
| Operating charges60/66A | €0.02m | €4.7m | ▲ 234× |
| Goods for resale, raw materials and consumables60 | - | €2.6m | - |
| Purchases600/8 | - | €6.7m | - |
| Change in stocks: decrease (increase)609 | - | -€4.1m | - |
| Services and other goods61 | €0.01m | €1.7m | ▲ 125× |
| Remuneration, social security and pensions62 | €0.006m | €0.1m | ▲ 16× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €0.3m | - |
| Other operating charges640/8 | - | €0.04m | - |
| Operating profit (loss)9901 | -€0.02m | €0.05m | - |
| Financial charges65/66B | €0.01m | €0.1m | ▲ 739% |
| Recurring financial charges65 | €0.01m | €0.1m | ▲ 739% |
| Debt charges650 | €0.01m | €0.1m | ▲ 736% |
| Other financial charges652/9 | - | €303 | - |
| Profit (loss) for the period before taxes9903 | -€0.03m | -€0.05m | ▼ 69.4% |
| Profit (loss) for the period9904 | -€0.03m | -€0.05m | ▼ 69.4% |
| Profit (loss) for the period to be appropriated9905 | -€0.03m | -€0.05m | ▼ 69.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.8m | €6.7m | ▲ 262% |
| Fixed assets21/28 | €1.5m | €2.0m | ▲ 31.8% |
| Tangible fixed assets22/27 | €1.5m | €2.0m | ▲ 31.8% |
| Plant, machinery and equipment23 | - | €2.0m | - |
| Assets under construction and advance payments27 | €1.5m | - | - |
| Current assets29/58 | €0.3m | €4.6m | ▲ 15× |
| Stocks and contracts in progress3 | €0.03m | €4.2m | ▲ 141× |
| Stocks30/36 | €0.03m | €4.2m | ▲ 141× |
| Goods purchased for resale34 | €0.03m | €4.2m | ▲ 141× |
| Amounts receivable within one year40/41 | €0.1m | €0.4m | ▲ 273% |
| Trade receivables40 | - | €0.3m | - |
| Other amounts receivable41 | €0.1m | €0.08m | ▼ 20.6% |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | ▼ 41.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.8m | €6.7m | ▲ 262% |
| Equity10/15 | €0.03m | -€0.02m | - |
| Contributions10/11 | €0.06m | €0.06m | = |
| Capital10 | €0.06m | €0.06m | = |
| Issued capital100 | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€0.03m | -€0.09m | ▼ 169% |
| Amounts payable17/49 | €1.8m | €6.7m | ▲ 269% |
| Amounts payable after more than one year17 | €1.2m | €5.4m | ▲ 347% |
| Financial debts170/4 | €1.2m | €2.9m | ▲ 144% |
| Subordinated loans170 | - | €2.9m | - |
| Other loans174 | €1.2m | - | - |
| Trade debts175 | - | €2.4m | - |
| Suppliers1750 | - | €2.4m | - |
| Amounts payable within one year42/48 | €0.6m | €1.3m | ▲ 120% |
| Trade debts44 | €0.6m | €1.3m | ▲ 119% |
| Suppliers440/4 | €0.6m | €1.3m | ▲ 119% |
| Taxes, remuneration and social security45 | €0.003m | €0.009m | ▲ 265% |
| Taxes450/3 | €72 | €0.001m | ▲ 17× |
| Remuneration and social security454/9 | €0.003m | €0.008m | ▲ 227% |
| Accrued charges and deferred income492/3 | €0.01m | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€32,078 | -€54,327 | ▼ 69.4% |
| + Depreciation and write-downs630 | - | €286,771 | - |
| Operating cash flow (approximation) | -€32,078 | €232,444 | - |
| Investment in fixed assets (approximation) | - | -€771,273 | - |
| Change in cash | - | -€78,040 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 19-06-2026 | 2026-00182270 |
| 31-12-2024 | full format | 02-07-2025 | 2025-00221401 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 4
Permanent representatives 2
Statutory auditor 1
Mandate history
- Board
- Statutory auditor
| Name | Functions and periods |
|---|---|
| GOOSSENS Jan Felix Florimond |
|
| JETTEN Mario |
|
| NIBA |
|
| VEDA |
|
| Moore Audit |
|
Owners and capital
Owners
4 ownersChain of control
- Hülskens Holding GmbH & Co KGDE
- HEIDEGRIND
Highest known parent: Hülskens Holding GmbH & Co KG (Germany). The sources do not say who stands above it.
Owners 4
- Hülskens Holding GmbH & Co KGDEconsolidating parentconsolidates
-
50%
-
50%
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- Kiezelgroeve Varenberg (BE 0432.748.969) 50 shares (50%) · €30,750
- GRINDBEDRIJF S.B.S. (BE 0414.647.284) 50 shares (50%) · €30,750
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 11-09-2024 Incorporation · €61,500 · 100 shares
Group and network
Connections & network
4 connected companiesHistory
Acts, filings and financial milestones
22-10
Gazette deed
Resignations & appointments · MiscellaneousAppointments: GOOSSENS Jan Felix Florimond, JETTEN Mario and 2 others · Permanent representatives: MUSIEK David Alex Lode and POMSTRA Gerrit Fokko Jan · Incorporation7 facts ▸
- Incorporation, “HEIDEGRIND” (deed in Dutch)
- Director appointment, GOOSSENS Jan Felix Florimond (class A director)
- Director appointment, JETTEN Mario (class A director)
- Director appointment, VEDA (class B director)
- Director appointment, NIBA (class B director)
- Permanent representative, MUSIEK David Alex Lode
- Permanent representative, POMSTRA Gerrit Fokko Jan
11-09
Gazette deed
IncorporationPermanent representatives: MUSIEK David Alex Lode and POMSTRA Gerrit Fokko Jan · Appointment: Moore Audit (statutory auditor) · Capital10 facts ▸
- Capital, €61,500
- Founding capital, €61,500
- Bank account, “KBC Bank, kapitaalstortingen vennootschap in oprichting” (deed in Dutch)
- Incorporation, “HEIDEGRIND” (deed in Dutch)
- Founder, Kiezelgroeve Varenberg (oprichter aandeelhouder)
- Founder, GRINDBEDRIJF S.B.S. (oprichter aandeelhouder)
- Other provision, “overeenkomstig de statuten, vertegenwoordiging comparant bij oprichting” (deed in Dutch) (4 times)
- Permanent representative, MUSIEK David Alex Lode
- Permanent representative, POMSTRA Gerrit Fokko Jan
- Auditor appointment, Moore Audit (statutory auditor)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72026A0524/00F000 | Flanders | 3.8 ha | 1 · 388 m² | - |
| 73048E0924/00P014 | Flanders | 8,752 m² | 1 · 1,032 m² | 10.2 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- HEIDEGRIND
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Geistingen 102 bus A,3640 Kinrooi” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Raad van bestuur, 4” (deed in Dutch)“Vergoeding bestuurders, algemene vergadering kan bij gewone meerderheid aan bepaalde bestuurders bezoldiging toekennen” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Overdracht van aandelen van bepaalde soort aan houder van aandelen van andere soort, aandelen worden soort als welke overnemer bezit” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Thursday of June at 17:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en wanneer ook, bij gebrek benoeming vereffening door bestuursorgaan in functie als college van vereffenaars” (deed in Dutch)