HEIDESTRAND
ActiveSummary
HEIDESTRAND has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €476,122. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 72% of 391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+1
Solvency86▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.7 in 2024; short-term debt: 29.8% and cash: 12.4% of total assets), and 39.3% 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
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
60.7%
Return on assets
16.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
20 d early
2023
36 d early
2022
35 d early
2021
20 d early
2020
31 d early
2019
14 d late
← 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 23 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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 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 What other support did companies like this one receive, and it did not?Public money 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, full schema
In the rankings
#1 company by total assets in Zonhoven, Accommodation and food service sector#1 company by equity in Zonhoven, Accommodation and food service sector#4 oldest company in Zonhoven, Accommodation and food service sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€476,122▲ 4.4%
2024 · €456,210
Working capital
-€303,538▼ 15.2%
2024 · -€263,568
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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
Operating result€414,985▲ 75.9%€406,283▼ 2.1%€451,502▲ 11.1%€485,983▲ 7.6%€493,826▲ 1.6%
Net result€389,664above the sector's middle half▲ 77.6%€394,465above the sector's middle half▲ 1.2%€443,203above the sector's middle half▲ 12.4%€456,210above the sector's middle half▲ 2.9%€476,122above the sector's middle half▲ 4.4%
Equity€1.7mabove the sector's middle half=€1.7mabove the sector's middle half▲ 2.4%€1.8mabove the sector's middle half▲ 2.3%€1.8mabove the sector's middle half▲ 0.9%€1.8mwithin the sector's middle half▲ 0.2%
Total assets€2.9mwithin the sector's middle half▲ 5.6%€2.8mwithin the sector's middle half▼ 1.1%€2.9mwithin the sector's middle half▲ 2.9%€3.0mwithin the sector's middle half▲ 1.7%€2.9mwithin the sector's middle half▼ 1.2%
Debt€1.2m▲ 14.8%€1.1m▼ 6.1%€1.2m▲ 4.0%€1.2m▲ 2.9%€1.1m▼ 3.3%
Working capital€147,309within the sector's middle half▼ 7.7%-€41,729within the sector's middle half-€261,524within the sector's middle half▼ 527%-€263,568within the sector's middle half▼ 0.8%-€303,538within the sector's middle half▼ 15.2%
Solvency58.7%above the sector's middle half▼ 3.3pp60.8%above the sector's middle half▲ 2.1pp60.4%above the sector's middle half▼ 0.4pp59.9%above the sector's middle half▼ 0.5pp60.7%within the sector's middle half▲ 0.8pp
Current ratio1.19within the sector's middle half▼ 0.110.94within the sector's middle half▼ 0.250.68within the sector's middle half▼ 0.270.70within the sector's middle half▲ 0.020.65within the sector's middle half▼ 0.05
Return on assets (ROA)13.6%above the sector's middle half▲ 5.5pp14.0%above the sector's middle half▲ 0.3pp15.2%above the sector's middle half▲ 1.3pp15.4%above the sector's middle half▲ 0.2pp16.3%above the sector's middle half▲ 0.9pp
Staff (FTE)4.4within the sector's middle half▼ 4.3%6.6within the sector's middle half▲ 50.0%7.7within the sector's middle half▲ 16.7%8.3within the sector's middle half▲ 7.8%8.7within the sector's middle half▲ 4.8%
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€2.4m ▲ 0.4%
Current assets
€567,493 ▼ 7.2%
Equity and liabilities €2.9m
Equity
€1.8m ▲ 0.2%
Debt
€1.1m ▼ 3.3%
Debt's share of the balance-sheet total falls from 40.1% to 39.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€667,042▲
2024 · €653,417
Cash flow
€649,338▲
2024 · €623,644
Quick ratio
0.48▼
2024 · 0.54
Debt to equity
0.65▼
2024 · 0.67
ROE
26.8%▲
2024 · 25.7%
Interest coverage
70.38▲
2024 · 26.72
Debt ≤ 1 year
€871,031▼
2024 · €875,202
Debt > 1 year
€259,172▼
2024 · €292,799
Income taxes
€13,600▲
2024 · €10,166
Staff costs
€398,686▲
2024 · €366,351
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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 31,349 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €151,394 | €259,894 | €413,915 | €366,351 | €398,686 | ▲ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84,802 | €92,302 | €134,016 | €167,434 | €173,216 | ▲ 3.5% |
| Other operating charges640/8 | €72,615 | €45,570 | €51,783 | €44,453 | €75,071 | ▲ 68.9% |
| Gross operating margin9900 | €723,796 | €804,048 | €1.1m | €1.1m | €1.1m | ▲ 7.2% |
| Operating profit (loss)9901 | €414,985 | €406,283 | €451,502 | €485,983 | €493,826 | ▲ 1.6% |
| Financial income75/76B | €3,216 | €2,652 | €9,194 | €4,845 | €5,374 | ▲ 10.9% |
| Recurring financial income75 | €3,216 | €2,652 | €9,194 | €4,845 | €5,374 | ▲ 10.9% |
| Financial charges65/66B | €12,493 | €12,163 | €11,216 | €24,453 | €9,478 | ▼ 61.2% |
| Recurring financial charges65 | €12,493 | €12,163 | €11,216 | €24,453 | €9,478 | ▼ 61.2% |
| Profit (loss) for the period before taxes9903 | €405,708 | €396,771 | €449,480 | €466,376 | €489,722 | ▲ 5.0% |
| Income taxes67/77 | €16,044 | €2,306 | €6,278 | €10,166 | €13,600 | ▲ 33.8% |
| Profit (loss) for the period9904 | €389,664 | €394,465 | €443,203 | €456,210 | €476,122 | ▲ 4.4% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €389,664 | €394,465 | €443,203 | €456,210 | €476,122 | ▲ 4.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.8m | €2.9m | €3.0m | €2.9m | ▼ 1.2% |
| Fixed assets21/28 | €1.9m | €2.2m | €2.4m | €2.3m | €2.4m | ▲ 0.4% |
| Intangible fixed assets21 | €3,040 | €31,995 | €76,816 | €69,267 | €31,523 | ▼ 54.5% |
| Tangible fixed assets22/27 | €1.6m | €1.8m | €1.9m | €1.9m | €2.0m | ▲ 2.5% |
| Land and buildings22 | €1.5m | €1.7m | €1.8m | €1.8m | €1.8m | ▲ 3.2% |
| Plant, machinery and equipment23 | €22,923 | €59,980 | €91,947 | €96,457 | €88,363 | ▼ 8.4% |
| Furniture and vehicles24 | €8,358 | €39,297 | €31,567 | €54,129 | €53,391 | ▼ 1.4% |
| Financial fixed assets28 | €361,943 | €361,943 | €361,946 | €361,946 | €361,946 | = |
| Current assets29/58 | €921,160 | €668,546 | €544,701 | €611,634 | €567,493 | ▼ 7.2% |
| Stocks and contracts in progress3 | €165,013 | €156,294 | €110,381 | €135,932 | €149,805 | ▲ 10.2% |
| Stocks30/36 | €165,013 | €156,294 | €110,381 | €135,932 | €149,805 | ▲ 10.2% |
| Amounts receivable within one year40/41 | €222,576 | €158,200 | €175,729 | €59,432 | €33,108 | ▼ 44.3% |
| Trade receivables40 | €43,240 | €32,656 | €57,163 | €31,438 | €33,106 | ▲ 5.3% |
| Other amounts receivable41 | €179,335 | €125,544 | €118,566 | €27,994 | €2 | ▼ 100.0% |
| Current investments50/53 | - | - | - | €220,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €521,684 | €340,219 | €241,135 | €176,901 | €363,265 | ▲ 105% |
| Deferred charges and accrued income490/1 | €11,887 | €13,833 | €17,457 | €19,369 | €21,315 | ▲ 10.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.8m | €2.9m | €3.0m | €2.9m | ▼ 1.2% |
| Equity10/15 | €1.7m | €1.7m | €1.8m | €1.8m | €1.8m | ▲ 0.2% |
| Contributions10/11 | €501,984 | €501,984 | €501,984 | €501,984 | €501,984 | = |
| Capital10 | €501,984 | €501,984 | €501,984 | €501,984 | €501,984 | = |
| Issued capital100 | €501,984 | €501,984 | €501,984 | €501,984 | €501,984 | = |
| Reserves13 | €1.2m | €1.2m | €1.3m | €1.3m | €1.3m | ▲ 0.3% |
| Non-distributable reserves130/1 | €50,198 | €50,198 | €50,198 | €50,198 | €50,198 | = |
| Legal reserve130 | €50,198 | €50,198 | €50,198 | €50,198 | €50,198 | = |
| Distributable reserves133 | €1.1m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 0.3% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.2m | €1.1m | €1.2m | €1.2m | €1.1m | ▼ 3.3% |
| Amounts payable after more than one year17 | €388,985 | €357,675 | €325,634 | €292,799 | €259,172 | ▼ 11.5% |
| Financial debts170/4 | €388,985 | €357,675 | €325,634 | €292,799 | €259,172 | ▼ 11.5% |
| Amounts payable within one year42/48 | €773,851 | €710,274 | €806,225 | €875,202 | €871,031 | ▼ 0.5% |
| Current portion of amounts payable after more than one year42 | €31,573 | €31,310 | €32,041 | €32,836 | €33,627 | ▲ 2.4% |
| Trade debts44 | €81,085 | €48,453 | €100,762 | €88,628 | €26,338 | ▼ 70.3% |
| Suppliers440/4 | €81,085 | €48,453 | €100,762 | €88,628 | €26,338 | ▼ 70.3% |
| Taxes, remuneration and social security45 | €32,869 | €35,713 | €29,621 | €22,577 | €29,861 | ▲ 32.3% |
| Taxes450/3 | €20,379 | €16,562 | €527 | €2,204 | €6,942 | ▲ 215% |
| Remuneration and social security454/9 | €12,489 | €19,150 | €29,094 | €20,373 | €22,919 | ▲ 12.5% |
| Other amounts payable47/48 | €628,325 | €594,799 | €643,802 | €731,162 | €781,205 | ▲ 6.8% |
| Accrued charges and deferred income492/3 | €18,000 | €41,033 | €21,169 | €18,853 | €18,000 | ▼ 4.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €389,664 | €394,465 | €443,203 | €456,210 | €476,122 | ▲ 4.4% |
| + Depreciation and write-downs630 | €84,802 | €92,302 | €134,016 | €167,434 | €173,216 | ▲ 3.5% |
| Operating cash flow (approximation) | €474,466 | €486,767 | €577,218 | €623,644 | €649,338 | ▲ 4.1% |
| Investment in fixed assets (approximation) | - | -€312,527 | -€341,109 | -€150,536 | -€182,829 | ▼ 21.5% |
| Change in cash | - | -€181,464 | -€99,084 | -€64,234 | €186,364 | ▲ 390% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €476,122 ▲4.4%
Operating result €493,826, net result €476,122, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2019
31-12
Financial
Back to profitnet €87,562
Net result €87,562 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
27-07
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 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, Zonhoven · 1 establishment unit since 1989
Ground area
910 m²
Building footprint
875 m²
Volume, LiDAR
4,573 m³
Parcel 71444D0174/00F003, Flanders · tallest building 13.7 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
HEIDESTRAND NV
since 19892.042.039.545
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71444D0174/00F003 | Flanders | 909 m² | 1 · 875 m² | 13.7 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of HEIDESTRAND and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,500 EUR | 1,500 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteZonhoven2.042.039.545
Similar companies · same sector, comparable size
CAMPING PARK METSU
BE 0431.062.753
Bredene · Eq €1,763,437
Q LEISURE PROPERTIES
BE 0432.332.661
De Pinte · Eq €1,722,151
CAMPING ZAVELBOS
BE 0862.215.380
Maaseik · Eq €1,707,998
L'HIRONDELLE
BE 0436.257.894
Burdinne · Eq €1,704,780
CAMPING ALBATROS
BE 0438.051.703
Middelkerke · Eq €1,694,607
Of 441 companies in sector 55300 we hold annual accounts for 292. 194 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-01-1989
Fiscal year end31-12
Abbreviation NL
M.C.D.L.
Activities, NACEBEL 2025
55300Accommodation
47230Retail trade
56111Full-service restaurants
93110Operation of sports facilities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436499208
Also
9925:BE0436499208
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.