Equity
HEINS FRERES has made a profit without a break since 2018.
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In July 2024, 6,049 companies had the same profile as HEINS FRERES has now. Each dot stands for 16 companies, two years later.
The method was tested on the 497,448 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 6,049 companies, not a prediction for HEINS FRERES. 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| HEINS FRERES Limbourg | €699,218 | €49,813 | 68.5% | - |
| IVD-Reno Rijkevorsel | €632,048 | €51,460 | 15.0% | - |
| GWS Bruges | €755,669 | €48,216 | 24.3% | - |
| VRANCKX WONINGBOUW Meerhout | €641,341 | €57,773 | 37.4% | - |
| VANDERBAUT Bruges | €741,670 | €44,755 | 93.9% | - |
| HELLAS Binche | €646,319 | €60,885 | -1.2% | - |
| BUILDING STONE Vilvoorde | €623,821 | €43,448 | -64.9% | 1 |
These companies have the same main activity as HEINS FRERES: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €624,000 and €756,000, founded between 2006 and 2009.
HEINS FRERES has existed since 2008. The gross margin fell from €289,921 in 2022 to €58,667 in 2024.
The gross margin has fallen every year since 2022.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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