Heirman Koen
ActiveThe computed 12-month bankruptcy probability of Heirman Koen is 1.8% (moderate). The 2025 annual accounts show negative equity (€-36k) and a net result of €12k. Equity is shrinking by ~35.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 4467 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
11
/ 100
Critical▲ +4 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency33=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.13 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-539%
Return on assets
177.5%
Age of the figures
8 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 4467 sector peers (2025).
NBB · sector comparisonPosition among 4467 sector peers
Solvency
better than 5%
← weakest
strongest →
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 06-06-2026, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
55 d early
2024
71 d early
2023
61 d early
2022
55 d early
2021
6 d early
2020
43 d early
2019
17 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-36k▲ 24.8%
2024 · €-48k
2018: €9k
2019: €4k
2020: €12k
2021: €-20k
2022: €-34k
2023: €-29k
2024: €-48k
2018 → 2025
Total assets
€7k▼ 61.5%
2024 · €17k
2018: €208k
2019: €111k
2020: €131k
2021: €80k
2022: €16k
2023: €20k
2024: €17k
2018 → 2025
Net result
€12k
2024 · €-19k
2018: €-4k
2019: €-5k
2020: €8k
2021: €-32k
2022: €-14k
2023: €11k
2024: €-19k
2018 → 2025
Working capital
€-37k▲ 18.6%
2024 · €-45k
2018: €9k
2019: €17k
2020: €10k
2021: €-31k
2022: €-40k
2023: €-38k
2024: €-45k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-20k-€-34k▼ 68.5%€-29k▲ 14.6%€-48k▼ 64.8%€-36k▲ 24.8%
Operating result€-24k-€-4k▲ 82.9%€14k€-14k€25k
Net result€-32k-€-14k▲ 57.4%€11k€-19k€12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €25k after a loss of €14k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7k
Fixed assets
€3k▼ 66.9%
Current assets
€3k▼ 53.3%
Key figures and ratios
EBITDA
€27k▲
2024 · €-12k
Cash flow
€14k▲
2024 · €-17k
Solvency
-539.0%▼
2024 · -276.2%
Current ratio
0.08▼
2024 · 0.13
Quick ratio
0.08▼
2024 · 0.13
Debt / equity
-1.19▲
2024 · -1.36
ROE
-32.9%▼
2024 · 39.3%
ROA
177.5%▲
2024 · -108.6%
Interest coverage
2.14▲
2024 · -2.75
Debt
€42k▼
2024 · €65k
Debt ≤ 1 year
€40k▼
2024 · €52k
Debt > 1 year
€3k▼
2024 · €13k
Income taxes
€431▼
2024 · €445
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€17k€7k▼
Fixed assets21/28€10k€3k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€6k€200▼
Current assets29/58€7k€3k▼
Amounts receivable within one year40/41€7k€2k▼
Trade receivables40€5k-
Other amounts receivable41€2k€2k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€17k€7k▼
Equity10/15€-48k€-36k▲
Reserves13€8k€8k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-56k€-44k▲
Amounts payable17/49€65k€42k▼
Amounts payable after more than one year17€13k€3k▼
Financial debts170/4€13k€3k▼
Amounts payable within one year42/48€52k€40k▼
Current portion of amounts payable after more than one year42€7k€5k▼
Financial debts43€4k€1k▼
Credit institutions430/8€4k€1k▼
Trade debts44€29k€24k▼
Suppliers440/4€29k€24k▼
Taxes, remuneration and social security45€445€431▼
Taxes450/3€445€431▼
Other amounts payable47/48€11k€10k▼
Income statement
Code20242025
Non-recurring operating income76A€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€22k-
Gross operating margin9900€13k€28k▲
Operating profit (loss)9901€-14k€25k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€4k€12k▲
Recurring financial charges65€4k€12k▲
Profit (loss) for the period before taxes9903€-18k€12k▲
Income taxes67/77€445€431▼
Profit (loss) for the period9904€-19k€12k▲
Profit (loss) for the period to be appropriated9905€-19k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€-44k▲
Profit (loss) brought forward from the previous period14P€-37k€-56k▼
The notes to these accounts (9 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
06-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-32k ▼482%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2022
Koen Heirman
CurrentDirector · since 05-07-2022
05-07-2022
Appointed as Director
Location & real-estate footprint
Registered office, Zele · 1 establishment unit since 2011
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.
Kruisstraat 509240 ZeleGround area
1,539 m²
Building footprint
204 m²
Volume, LiDAR
973 m³
Parcel 42028B0961/00N000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kruisstraat 50, 9240 Zele
since 20112.202.082.815
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028B0961/00N000 | Flanders | 1,539 m² | 1 · 204 m² | 7.7 m · 2 fl. |
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.
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BE 1020.669.731
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ALTIJD MEER
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KARAER
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Of 12,446 companies in sector 49410 we hold annual accounts for 8,086. 4,121 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-2011
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
42110Construction of roads and motorways
43120Site preparation
43240Other construction installation
43299Specialised construction activities
43320Joinery installation
43350Other building finishing work
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.