HEINRICHS Frères
ActiveSummary
HEINRICHS Frères has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,964 and a net result of -€6,892. Equity has been growing by about 12% per year since 2018. Its solvency ranks better than 94% of 5,718 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-02-1986 Normal situation
- Activity
- Hairdressing and barber services NACE 96210and 1 other
- Joint committee
- 314 Paritair Comité voor het kappersbedrijf en de schoonheidszorgen · annual accounts 2025
- Establishment units
- 2.037.332.867 4900 Spa, since 13-05-1986
- 2.209.022.372 4130 Esneux, since 03-05-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 20-12-2025
Board and ownership
- HEINRICHS Pascal GhislainDirector · since 05-02-1986
- HEINRICHS Roland GhislainDirector · since 05-02-1986
- HEINRICHS Alain GhislainDirector · since 05-05-1986
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €2,395
- ▼ 43.7%
- Turnover
- ≈ €16,000
- estimated
- Loss
- €6,892
- ▲ 49.3%
- Equity
- €72,964
- ▼ 8.6%
- Total assets
- €83,011
- ▼ 9.4%
- 2025 accounts filed 25 days after the deadline
Score breakdownraises riskLoss of €6,892, the second in a row (financial year 2025)lowers riskFounded in 1986Equity €72,964 (87.9% of total assets)Figures for financial year 2025 (filed on 29-08-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 96, micro). It does better than 93% of them on solvency, 66% on liquidity, 20% on profitability and 30% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 25 days after the deadline Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00450096.
Annual accounts 2025 filed on 25-08-2026 at the NBB all 40 filings
Every figure per financial year
The operating result for 2025 is a loss of €7,716, larger than the loss of €5,484 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €32,997 | - | €372 | €4,990 | €629 |
| Depreciation and write-downs of the year | €3,082 | €5,024 | €4,748 | €5,212 | €5,316 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,496 | €920 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,959 | €5,867 | €1,125 | €3,082 | €5,024 | €4,748 | €5,212 | €5,316 | ▲ 2.0% |
| Other operating charges640/8 | - | - | - | €3,911 | €3,864 | €4,511 | €4,523 | €4,795 | ▲ 6.0% |
| Gross operating margin9900 | €126,709 | €59,697 | €42,663 | €60,520 | €204 | -€1,731 | €4,251 | €2,395 | ▼ 43.7% |
| Operating profit (loss)9901 | -€2,385 | €11,185 | €36,725 | €53,527 | -€8,684 | -€10,990 | -€5,484 | -€7,716 | ▼ 40.7% |
| Financial income75/76B | - | - | - | €50 | - | €101 | €63 | €14 | ▼ 77.8% |
| Recurring financial income75 | €136 | €101 | €1 | €50 | - | €101 | €63 | €14 | ▼ 77.8% |
| Financial charges65/66B | - | - | - | €178 | €199 | €70 | €75 | €70 | ▼ 6.8% |
| Recurring financial charges65 | €4,171 | €3,505 | €1,485 | €178 | €199 | €70 | €75 | €70 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | -€8,486 | €55,716 | €35,241 | €53,399 | -€8,883 | -€10,959 | -€5,496 | -€7,772 | ▼ 41.4% |
| Transfer from deferred taxes780 | - | - | - | €282 | €825 | €826 | €880 | €880 | = |
| Transfer to deferred taxes680 | - | - | - | €8,916 | - | - | - | - | - |
| Income taxes67/77 | - | - | €5,763 | €1,679 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€8,486 | €55,716 | €29,478 | €43,087 | -€8,058 | -€10,133 | -€4,616 | -€6,892 | ▼ 49.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €845 | €2,475 | €2,477 | €2,641 | €2,641 | = |
| Transfer to tax-exempt reserves689 | - | - | - | €26,747 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€8,486 | €55,716 | €29,478 | €17,184 | -€5,584 | -€7,656 | -€1,975 | -€4,251 | ▼ 115% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €66,419 | €62,617 | €69,445 | €125,857 | €110,023 | €96,538 | €91,672 | €83,011 | ▼ 9.4% |
| Fixed assets21/28 | €42,779 | €38,186 | €46,129 | €76,045 | €71,021 | €66,646 | €66,424 | €61,737 | ▼ 7.1% |
| Tangible fixed assets22/27 | €42,779 | €38,186 | €46,129 | €76,045 | €71,021 | €66,646 | €66,424 | €61,737 | ▼ 7.1% |
| Land and buildings22 | - | - | - | €33,120 | €33,120 | €33,120 | €33,120 | €33,120 | = |
| Plant, machinery and equipment23 | - | - | - | €42,925 | €37,901 | €33,526 | €33,304 | €28,617 | ▼ 14.1% |
| Current assets29/58 | €23,640 | €24,431 | €23,316 | €49,812 | €39,001 | €29,892 | €25,248 | €21,274 | ▼ 15.7% |
| Stocks and contracts in progress3 | €16,840 | €12,017 | €11,834 | €9,331 | €5,743 | €3,870 | €2,634 | €2,530 | ▼ 4.0% |
| Stocks30/36 | - | - | - | €9,331 | €5,743 | €3,870 | €2,634 | €2,530 | ▼ 4.0% |
| Amounts receivable within one year40/41 | €2,250 | €9,787 | €9,289 | €10,225 | €8,869 | €8,869 | €10,276 | €10,287 | ▲ 0.1% |
| Trade receivables40 | - | - | - | - | - | - | - | €403 | - |
| Other amounts receivable41 | - | - | - | €10,225 | €8,869 | €8,869 | €10,276 | €9,884 | ▼ 3.8% |
| Cash at bank and in hand54/58 | €1,584 | €1,697 | €657 | €29,700 | €23,724 | €16,474 | €11,634 | €7,712 | ▼ 33.7% |
| Deferred charges and accrued income490/1 | - | - | - | €555 | €665 | €679 | €703 | €745 | ▲ 5.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €66,419 | €62,617 | €69,445 | €125,857 | €110,023 | €96,538 | €91,672 | €83,011 | ▼ 9.4% |
| Equity10/15 | -€25,618 | €30,098 | €59,576 | €102,663 | €94,605 | €84,471 | €79,856 | €72,964 | ▼ 8.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €27,763 | €25,288 | €22,811 | €20,170 | €17,529 | ▼ 13.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €25,903 | €23,428 | €20,951 | €18,310 | €15,669 | ▼ 14.4% |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€46,078 | €9,638 | €39,116 | €56,300 | €50,717 | €43,061 | €41,086 | €36,835 | ▼ 10.3% |
| Provisions and deferred taxes16 | - | - | - | €8,634 | €7,809 | €6,984 | €6,103 | €5,223 | ▼ 14.4% |
| Deferred taxes168 | - | - | - | €8,634 | €7,809 | €6,984 | €6,103 | €5,223 | ▼ 14.4% |
| Amounts payable17/49 | €92,037 | €32,518 | €9,869 | €14,559 | €7,609 | €5,083 | €5,713 | €4,823 | ▼ 15.6% |
| Amounts payable after more than one year17 | €12,194 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €79,843 | €31,818 | €9,869 | €14,559 | €7,609 | €5,083 | €5,713 | €4,823 | ▼ 15.6% |
| Trade debts44 | €15,411 | €8,748 | €583 | €2,775 | €3,645 | €861 | €950 | - | - |
| Suppliers440/4 | - | - | - | €2,775 | €3,645 | €861 | €950 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €9,205 | €1,383 | €1,641 | €1,783 | €1,843 | ▲ 3.4% |
| Taxes450/3 | - | - | - | €9,205 | €1,383 | €1,641 | €1,783 | €1,843 | ▲ 3.4% |
| Other amounts payable47/48 | - | - | - | €2,580 | €2,580 | €2,580 | €2,981 | €2,981 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,486 | €55,716 | €29,478 | €43,087 | -€8,058 | -€10,133 | -€4,616 | -€6,892 | ▼ 49.3% |
| + Depreciation and write-downs630 | €6,959 | €5,867 | €1,125 | €3,082 | €5,024 | €4,748 | €5,212 | €5,316 | ▲ 2.0% |
| Operating cash flow (approximation) | -€1,526 | €61,583 | €30,603 | €46,168 | -€3,035 | -€5,386 | €596 | -€1,575 | - |
| Investment in fixed assets (approximation) | - | -€1,274 | -€9,069 | -€32,997 | €0 | -€372 | -€4,990 | -€629 | ▲ 87.4% |
| Change in cash | - | €113 | -€1,040 | €29,043 | -€5,976 | -€7,250 | -€4,839 | -€3,922 | ▲ 19.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as HEINRICHS Frères has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HEINRICHS Frères itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for HEINRICHS Frères. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-08-2026 | 2026-00450096 | |
| 31-12-2024 | micro format | 14-08-2025 | 2025-00394490 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00399758 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00416760 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20365060 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59800277 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-47400567 | |
| 31-12-2018 | micro format | 25-09-2019 | 2019-65900386 | |
| 31-12-2017 | micro format | 26-09-2018 | 2018-67400556 | |
| 31-12-2016 | micro format | 22-09-2017 | 2017-62100308 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 21-12-2023 Converted to unavailable equity
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| HEINRICHS Alain Ghislain |
|
| HEINRICHS Pascal Ghislain |
|
| HEINRICHS Roland Ghislain |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement actions, 15”
Articles of association, deed of 21-12-2023 (in French)
Network & group
HEINRICHS Frères shares no director with another company.
Connections & network
3 current directorsThe network starts from the directors of HEINRICHS Frères. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-12
Gazette deed
Appointments: HEINRICHS Roland Ghislain, HEINRICHS Alain Ghislain and HEINRICHS Pascal GhislainCapital conversion · Reserve release · Approval17 points ▸
- General meeting, 18-12-2023
- Other provision, “adaptation statuts et maintien forme SRL, adapter statuts et conserver forme légale SRL” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Approval, “rapport spécial organe d’administration, justifiant modification proposée à l’objet” (deed in French)
- Purpose change
- Other provision, “transformation mandats gérants statutaires en administrateurs statutaires, transformer mandats” (deed in French)
- Board composition, HEINRICHS Roland Ghislain (statutory director)
- Board composition, HEINRICHS Alain Ghislain (statutory director)
- Board composition, HEINRICHS Pascal Ghislain (statutory director)
- Amendment of the articles
- Capital
- The act holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62032C0664/00G005 | Wallonia | 195 m² | 1 · 56 m² | 13.8 m · 4 |