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HEIDEGROND

Active
Private limited companyfounded 201214 yrs activeVijverslei 18, 2950 Kapellen, BelgiumKBO/BCE: BE 0844.186.347
Summary

HEIDEGROND has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,531 and a net result of €18,085. Equity is shrinking by ~3.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability74▲+38
Solvency57▲+24
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.09 in 2024; short-term debt: 68% and cash: 4.3% of total assets), and 68% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · 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
highest failure risk from 2 to 8 years 14 years 0 20 y
lowers risk · 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
32%
Return on assets
14.6%
Age of the figures
13 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €39,531
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 25-02-2026, 34 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
34 d early
2024
41 d early
2023
34 d early
2022
38 d early
2021
45 d early
2020
34 d early
2019
33 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 37 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
31-08-2026 close28-09-2026 today31-03-2027 deadline
neutral · 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

HEIDEGROND was incorporated on 28 February 2012.1 Total assets rose from EUR 51,214 in 2019 to EUR 123,548 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€39,531▲ 84.3%
2024 · €21,447
Total assets
€123,548▼ 54.8%
2024 · €273,037
Net result
€18,085
2024 · -€1,998
Working capital
€39,531▲ 84.3%
2024 · €21,447
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€832▲ 66.9%-€735▲ 11.7%-€970▼ 31.9%-€1,970▼ 103%€22,021
Net result-€1,047▲ 71.5%-€837▲ 20.1%-€978▼ 16.9%-€1,998▼ 104%€18,085
Equity€25,259▼ 4.0%€24,423▼ 3.3%€23,445▼ 4.0%€21,447▼ 8.5%€39,531▲ 84.3%
Total assets€25,349▼ 18.0%€287,513▲ 1,034%€277,556▼ 3.5%€273,037▼ 1.6%€123,548▼ 54.8%
Debt€90▼ 98.1%€263,090▲ 292,222%€254,111▼ 3.4%€251,590▼ 1.0%€84,016▼ 66.6%
Working capital€25,259▼ 18.1%€24,423▼ 3.3%€23,445▼ 4.0%€21,447▼ 8.5%€39,531▲ 84.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2021: -€832-€832Net result 2021: -€1,047-€1,047Operating result 2022: -€735-€735Net result 2022: -€837-€837Operating result 2023: -€970-€970Net result 2023: -€978-€978Operating result 2024: -€1,970-€1,970Net result 2024: -€1,998-€1,998Operating result 2025: €22,021€22,021Net result 2025: €18,085€18,08520212022202320242025-€10,000€0€10,000€20,000Operating result 2023: -€970-€970Net result 2023: -€978-€978Operating result 2024: -€1,970-€1,970Net result 2024: -€1,998-€2,000Operating result 2025: €22,021€22,000Net result 2025: €18,085€18,100202320242025
The operating result returns to profit in 2025: €22,021 after a loss of €1,970 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €123,548
Equity €39,531 ▲ 84.3%
Debt €84,016 ▼ 66.6%
Debt's share of the balance-sheet total falls from 92.1% to 68.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.47▲
2024 · 1.09
Quick ratio
0.06▲
2024 · 0.01
Debt to equity
2.13▼
2024 · 11.73
ROE
45.7%▲
2024 · -9.3%
ROA
14.6%▲
2024 · -0.7%
Debt ≤ 1 year
€84,016▼
2024 · €251,590
Income taxes
€3,926
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
3.8% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 497,662 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% 1.7%
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 75% 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 34,679 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 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€273,037€123,548▼
Current assets29/58€273,037€123,548▼
Stocks and contracts in progress3€269,378€118,285▼
Stocks30/36€269,378€118,285▼
Cash at bank and in hand54/58€3,659€5,262▲
Equity and liabilities
Total equity and liabilities10/49€273,037€123,548▼
Equity10/15€21,447€39,531▲
Contributions10/11€18,600€18,600=
Reserves13€2,847€20,931▲
Distributable reserves133€2,847€20,931▲
Amounts payable17/49€251,590€84,016▼
Amounts payable within one year42/48€251,590€84,016▼
Trade debts44€90€10,090▲
Suppliers440/4€90€10,090▲
Advances received on contracts in progress46€178,848-
Taxes, remuneration and social security45-€3,926
Taxes450/3-€3,926
Other amounts payable47/48€72,652€70,000▼
Income statement Code20242025
Other operating charges640/8€118€120▲
Gross operating margin9900-€1,852€22,141▲
Operating profit (loss)9901-€1,970€22,021▲
Financial income75/76B€3€28▲
Recurring financial income75€3€28▲
Financial charges65/66B€31€38▲
Recurring financial charges65€31€38▲
Profit (loss) for the period before taxes9903-€1,998€22,011▲
Income taxes67/77-€3,926
Profit (loss) for the period9904-€1,998€18,085▲
Profit (loss) for the period to be appropriated9905-€1,998€18,085▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1,998€18,085▲
Transfer from equity791/2€1,998-
Transfer to equity691/2-€18,085
To other reserves6921-€18,085

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€102€109€118€120▲ 1.7%
Gross operating margin9900-€731-€633-€861-€1,852€22,141▲ 1,296%
Operating profit (loss)9901-€832-€735-€970-€1,970€22,021▲ 1,218%
Financial income75/76B-€19€0€3€28▲ 899%
Recurring financial income75-€19€0€3€28▲ 899%
Financial charges65/66B-€120€9€31€38▲ 24.1%
Recurring financial charges65€214€120€9€31€38▲ 24.1%
Profit (loss) for the period before taxes9903-€1,047-€837-€978-€1,998€22,011▲ 1,202%
Income taxes67/77----€3,926-
Profit (loss) for the period9904-€1,047-€837-€978-€1,998€18,085▲ 1,005%
Profit (loss) for the period to be appropriated9905-€1,047-€837-€978-€1,998€18,085▲ 1,005%
Line20212022202320242025Change
Assets
Total assets20/58€25,349€287,513€277,556€273,037€123,548▼ 54.8%
Current assets29/58€25,349€287,513€277,556€273,037€123,548▼ 54.8%
Stocks and contracts in progress3-€270,764€269,378€269,378€118,285▼ 56.1%
Stocks30/36-€270,764€269,378€269,378€118,285▼ 56.1%
Amounts receivable within one year40/41€12,500-----
Current investments50/53€9,000-----
Cash at bank and in hand54/58€3,849€16,749€8,178€3,659€5,262▲ 43.8%
Equity and liabilities
Total equity and liabilities10/49€25,349€287,513€277,556€273,037€123,548▼ 54.8%
Equity10/15€25,259€24,423€23,445€21,447€39,531▲ 84.3%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€6,659€5,823€4,845€2,847€20,931▲ 635%
Non-distributable reserves130/1-€612€612---
Reserves not available under the articles1311-€612€612---
Distributable reserves133-€5,211€4,233€2,847€20,931▲ 635%
Amounts payable17/49€90€263,090€254,111€251,590€84,016▼ 66.6%
Amounts payable within one year42/48€90€263,090€254,111€251,590€84,016▼ 66.6%
Financial debts43-€185,500----
Credit institutions430/8-€185,500----
Trade debts44€90€90€111€90€10,090▲ 11,111%
Suppliers440/4-€90€111€90€10,090▲ 11,111%
Advances received on contracts in progress46--€178,848€178,848--
Taxes, remuneration and social security45----€3,926-
Taxes450/3----€3,926-
Other amounts payable47/48-€77,500€75,152€72,652€70,000▼ 3.7%
Line20212022202320242025Change
Profit (loss) for the period9904-€1,047-€837-€978-€1,998€18,085▲ 1,005%
Operating cash flow (approximation)-€1,047-€837-€978-€1,998€18,085▲ 1,005%
Change in cash-€12,900-€8,571-€4,519€1,604▲ 135%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-03-2027
2026
25-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
Financial Back to profitnet €18,085
Net result €18,085 after 5 loss-making years.
18-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
26-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
21-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
14-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
25-02
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
Financial Weakest financial yearnet -€3,672
Net result drops to -€3,672, the lowest in the series; recovery starts the following year.
31-08
Financial Liquidity times 112current ratio 343.58
Current ratio from 3.06 to 343.58; short-term debt falls from €16,711 to €90.
27-02
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
21-02
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
22-02
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
13-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Kapellen · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
3,820 m²
Building footprint
260 m²
Volume, LiDAR
1,494 m³
Parcel 11023K0007/02R014, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
HEIDEGROND
Vijverslei 18, 2950 KapellenConstruction of residential and non-residential buildings
since 20122.208.051.679
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11023K0007/02R014 Flanders 3,820 m² 1 · 260 m² 9.0 m · 2 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded28-02-2012
Fiscal year end31-08
E-invoicing
Reachable via Peppol
Peppol ID 0208:0844186347
Also 9925:BE0844186347

Register as of 27 September 2026 · Peppol Directory

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