Heirwegh Logistics
ActiveSummary
Heirwegh Logistics has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47k and a net result of €26k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 20% of 936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability48=
Solvency34▲+5
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.49 against 0.16 in 2023; short-term debt: 10.3% and cash: 1.6% of total assets), and 91.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
8.8%
Return on assets
4.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 936 sector peers (2024).
NBB · sector comparisonPosition among 936 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
50 d early
2022
69 d early
2021
39 d early
2020
33 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€47k▲ 123%
2023 · €21k
2018: €38k
2019: €45k
2020: €65k
2021: €92k
2022: €46k
2023: €21k
2018 → 2024
Total assets
€531k▼ 4.4%
2023 · €555k
2018: €576k
2019: €577k
2020: €555k
2021: €547k
2022: €540k
2023: €555k
2018 → 2024
Net result
€26k▲ 4.4%
2023 · €25k
2018: €6k
2019: €7k
2020: €20k
2021: €27k
2022: €25k
2023: €25k
2018 → 2024
Working capital
€-28k▲ 87.9%
2023 · €-230k
2018: €-118k
2019: €-127k
2020: €-125k
2021: €-117k
2022: €-183k
2023: €-230k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€65k-€92k▲ 41.3%€46k▼ 49.5%€21k▼ 54.7%€47k▲ 123%
Operating result€49k-€57k▲ 17.2%€54k▼ 6.3%€55k▲ 2.3%€60k▲ 8.7%
Net result€20k-€27k▲ 36.0%€25k▼ 7.7%€25k▲ 0.1%€26k▲ 4.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 9% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €531k
Fixed assets
€504k ▼ 1.7%
Current assets
€27k ▼ 36.7%
Equity and liabilities €531k
Equity
€47k ▲ 123%
Debt
€484k ▼ 9.4%
Debt's share of the balance-sheet total falls from 96.2% to 91.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68k▲
2023 · €64k
Cash flow
€35k▲
2023 · €33k
Current ratio
0.49▲
2023 · 0.16
Debt to equity
10.36▼
2023 · 25.54
ROE
55.2%▼
2023 · 118.1%
ROA
4.9%▲
2023 · 4.5%
Interest coverage
2.79▼
2023 · 2.90
Debt ≤ 1 year
€55k▼
2023 · €273k
Debt > 1 year
€428k▲
2023 · €261k
Income taxes
€9k▲
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€555k€531k▼
Fixed assets21/28€512k€504k▼
Tangible fixed assets22/27€512k€504k▼
Land and buildings22€511k€503k▼
Plant, machinery and equipment23€948€474▼
Current assets29/58€43k€27k▼
Amounts receivable within one year40/41€26k€16k▼
Trade receivables40€26k€16k▼
Cash at bank and in hand54/58€14k€9k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€555k€531k▼
Equity10/15€21k€47k▲
Contributions10/11€19k€19k=
Reserves13€2k€28k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€28k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€534k€484k▼
Amounts payable after more than one year17€261k€428k▲
Financial debts170/4€261k€428k▲
Amounts payable within one year42/48€273k€55k▼
Current portion of amounts payable after more than one year42€31k€32k▲
Trade debts44€89€398▲
Suppliers440/4€89€398▲
Advances received on contracts in progress46€4k€4k=
Taxes, remuneration and social security45€7k€7k▲
Taxes450/3€7k€7k▲
Other amounts payable47/48€231k€11k▼
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Other operating charges640/8€5k€5k▲
Gross operating margin9900€69k€74k▲
Operating profit (loss)9901€55k€60k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€22k€24k▲
Recurring financial charges65€22k€24k▲
Profit (loss) for the period before taxes9903€33k€35k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€25k€26k▲
Profit (loss) for the period to be appropriated9905€25k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€26k▲
Transfer from equity791/2€50k€0▼
Transfer to equity691/2€25k€26k▲
To other reserves6921€25k€26k▲
Profit to be distributed694/7€50k€0▼
Return on contributions (dividend)694€50k€0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €27k ▲36%
Net result €27k, the highest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Zele · 2 establishment units 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.
Wijnveld 289240 ZeleGround area
5,512 m²
Building footprint
2,388 m²
Volume, LiDAR
12,106 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Wijnveld 28, 9240 Zele
since 20112.195.959.343
Lindestraat 16, 9240 Zele
since 20152.249.899.459
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1414/00L000 | Flanders | 4,453 m² | 1 · 2,259 m² | 5.6 m · 2 fl. |
| 42028A1291/00L000 | Flanders | 1,059 m² | 1 · 128 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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A2L
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Of 1,030 companies in sector 52100 we hold annual accounts for 765. 311 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
52100Warehousing and storage
52210Service activities incidental to land transportation
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.