HEINES BART
ActiveHEINES BART has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.66M and a net result of €1.44M. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 83% of 3276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+16
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 5.61 against 6.36 in 2024; short-term debt: 17.5% and cash: 63.1% of total assets), and 17.6% 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 69
Relative position
BE, all sectors
reference
Sector 69
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
82.4%
Return on assets
21%
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
22 d early
2023
20 d early
2022
31 d late
2021
20 d early
2020
15 d early
2019
7 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€5.66M▲ 7.0%
2024 · €5.29M
2018: €4.28M
2019: €4.98M
2020: €5.04M
2021: €4.00M
2022: €4.37M
2023: €5.17M
2024: €5.29M
2018 → 2025
Total assets
€6.86M▲ 9.6%
2024 · €6.26M
2018: €5.01M
2019: €5.66M
2020: €5.62M
2021: €5.11M
2022: €5.64M
2023: €6.10M
2024: €6.26M
2018 → 2025
Net result
€1.44M▲ 39.5%
2024 · €1.03M
2018: €926k
2019: €775k
2020: €542k
2021: €408k
2022: €551k
2023: €793k
2024: €1.03M
2018 → 2025
Working capital
€5.53M▲ 6.4%
2024 · €5.20M
2018: €4.09M
2019: €4.84M
2020: €4.92M
2021: €3.84M
2022: €4.15M
2023: €5.03M
2024: €5.20M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.00M-€4.37M▲ 9.3%€5.17M▲ 18.1%€5.29M▲ 2.3%€5.66M▲ 7.0%
Operating result€606k-€900k▲ 48.5%€1.19M▲ 32.1%€1.41M▲ 18.3%€2.06M▲ 46.8%
Net result€408k-€551k▲ 35.1%€793k▲ 43.7%€1.03M▲ 30.1%€1.44M▲ 39.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 47% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.86M
Fixed assets
€134k▲ 37.9%
Current assets
€6.73M▲ 9.1%
Equity and liabilities €6.86M
Equity
€5.66M▲ 7.0%
Debt
€1.21M▲ 23.8%
The debt ratio rises from 15.6% to 17.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.14M▲
2024 · €1.49M
Cash flow
€1.52M▲
2024 · €1.11M
Solvency
82.4%▼
2024 · 84.4%
Current ratio
5.61▼
2024 · 6.36
Quick ratio
5.60▼
2024 · 6.35
Debt / equity
0.21▲
2024 · 0.18
ROE
25.4%▲
2024 · 19.5%
ROA
21.0%▲
2024 · 16.5%
Interest coverage
170.54▲
2024 · -50.19
Debt
€1.21M▲
2024 · €975k
Debt ≤ 1 year
€1.20M▲
2024 · €970k
Income taxes
€682k▲
2024 · €480k
Staff costs
€608k▲
2024 · €540k
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€6.26M€6.86M▲
Fixed assets21/28€97k€134k▲
Tangible fixed assets22/27€97k€134k▲
Plant, machinery and equipment23€2k€940▼
Furniture and vehicles24€82k€132k▲
Other tangible fixed assets26€13k€329▼
Financial fixed assets28€363€363=
Current assets29/58€6.17M€6.73M▲
Stocks and contracts in progress3€5k€7k▲
Stocks30/36€5k€7k▲
Amounts receivable within one year40/41€816k€950k▲
Trade receivables40€816k€950k▲
Current investments50/53€2.26M€1.41M▼
Cash at bank and in hand54/58€3.06M€4.33M▲
Deferred charges and accrued income490/1€30k€31k▲
Equity and liabilities
Total equity and liabilities10/49€6.26M€6.86M▲
Equity10/15€5.29M€5.66M▲
Contributions10/11€150k€150k=
Reserves13€5.14M€5.51M▲
Distributable reserves133€5.14M€5.51M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€975k€1.21M▲
Amounts payable within one year42/48€970k€1.20M▲
Trade debts44€125k€117k▼
Suppliers440/4€125k€117k▼
Taxes, remuneration and social security45€180k€312k▲
Taxes450/3€106k€229k▲
Remuneration and social security454/9€74k€83k▲
Other amounts payable47/48€665k€770k▲
Accrued charges and deferred income492/3€6k€8k▲
Income statement
Code20242025
Non-recurring operating income76A€5k€7k▲
Remuneration, social security and pensions62€540k€608k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€80k▲
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€2.03M€2.76M▲
Operating profit (loss)9901€1.41M€2.06M▲
Financial income75/76B€75k€69k▼
Recurring financial income75€75k€69k▼
Financial charges65/66B€-30k€13k▲
Recurring financial charges65€-30k€13k▲
Profit (loss) for the period before taxes9903€1.51M€2.12M▲
Income taxes67/77€480k€682k▲
Profit (loss) for the period9904€1.03M€1.44M▲
Profit (loss) for the period to be appropriated9905€1.03M€1.44M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.03M€1.44M▲
Transfer from equity791/2€909k€1.07M▲
Transfer to equity691/2€1.03M€1.44M▲
To other reserves6921€1.03M€1.44M▲
Profit to be distributed694/7€909k€1.07M▲
Return on contributions (dividend)694€909k€1.07M▲
Social balance
Average headcount (FTE)90879.310.6▲
The notes to these accounts (12 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
31-12
Financial
Highest result since 2018net €1.44M ▲39.5%
Operating result €2.06M, net result €1.44M, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €5MEq €5.17M ▲18.1%
6 profitable years in a row build equity to €5.17M.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €408k ▼24.7%
Net result drops to €408k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €5MEq €5.04M ▲1.3%
3 profitable years in a row build equity to €5.04M.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
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.
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, Hasselt · 1 establishment unit since 2003
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.
Grote Breemstraat 17A3500 HasseltGround area
326 m²
Building footprint
262 m²
Volume, LiDAR
69 m³
Parcel 71326F0100/00G005, Flanders · tallest building 11.1 m. Linked by address, not a title deed.
1 establishment unit
Grote Breemstraat 17A, 3500 Hasselt
since 20032.228.663.684
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0100/00G005 | Flanders | 326 m² | 1 · 262 m² | 11.1 m |
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
2022 to 2025 · 3 entries · 8,584 EUR awarded · 8,584 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,471 EUR | 2,471 EUR |
| 2023 | 1 | 3,472 EUR | 3,472 EUR |
| 2022 | 1 | 2,641 EUR | 2,641 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 1,020 companies in sector 69103 we hold annual accounts for 611. 188 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-2003
Fiscal year end31-12
Activities, NACEBEL
69103Activities of bailiffs
74113
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:kantoor@heinesbart.be
Phone:011/283912
Fax:011/283913