HEITE PETROLEUM
ActiveSummary
HEITE PETROLEUM has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.69M and a net result of €217k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▲+9
Solvency58▲+6
Growth57▼-3
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.5 in 2024; short-term debt: 56.2% and cash: 42.9% of total assets), but 66.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
33.1%
Return on assets
4.2%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
72 d early
2023
23 d late
2022
4 d early
2021
on the day
2020
2 d early
2019
63 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€41.67M▼ 15.2%
2024 · €49.16M
2019: €56.79M
2020: €47.12M
2021: €31.05M
2022: €45.25M
2023: €54.63M
2024: €49.16M
2019 → 2025
EBIT margin
0.7%▲ 0.3pp
2024 · 0.4%
2019: 0.2%
2020: 0.9%
2021: -0.2%
2022: 0.7%
2023: 0.4%
2024: 0.4%
2019 → 2025
Net result
€217k▲ 69.8%
2024 · €128k
2019: €68k
2020: €368k
2021: €-93k
2022: €306k
2023: €158k
2024: €128k
2019 → 2025
Working capital
€2.02M▲ 6.5%
2024 · €1.90M
2019: €1.58M
2020: €1.70M
2021: €1.64M
2022: €1.78M
2023: €1.84M
2024: €1.90M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€31.05M-€45.25M▲ 45.7%€54.63M▲ 20.7%€49.16M▼ 10.0%€41.67M▼ 15.2%
Equity€1.33M-€1.44M▲ 8.3%€1.50M▲ 3.7%€1.56M▲ 4.5%€1.69M▲ 8.1%
Operating result€-73k-€339k€196k▼ 42.1%€192k▼ 2.0%€288k▲ 49.5%
Net result€-93k-€306k€158k▼ 48.3%€128k▼ 19.3%€217k▲ 69.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 50% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.11M
Fixed assets
€217k ▼ 1.8%
Current assets
€4.89M ▼ 13.7%
Equity and liabilities €5.11M
Equity
€1.69M ▲ 8.1%
Provisions
€50k =
Debt
€3.37M ▼ 21.2%
Debt's share of the balance-sheet total falls from 72.6% to 65.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€292k▲
2024 · €197k
Cash flow
€221k▲
2024 · €133k
Current ratio
1.70▲
2024 · 1.50
Quick ratio
1.60▲
2024 · 1.37
Debt to equity
1.99▼
2024 · 2.74
ROE
12.8%▲
2024 · 8.2%
ROA
4.2%▲
2024 · 2.2%
Interest coverage
9.99▲
2024 · 4.84
Debt ≤ 1 year
€2.87M▼
2024 · €3.77M
Debt > 1 year
€496k=
2024 · €496k
Income taxes
€44k▲
2024 · €24k
Staff costs
€170k▲
2024 · €167k
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 · 2025 against 2024 · 74 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.89M€5.11M▼
Fixed assets21/28€221k€217k▼
Tangible fixed assets22/27€221k€217k▼
Land and buildings22€203k€203k=
Furniture and vehicles24€18k€14k▼
Financial fixed assets28€96€76▼
Other financial fixed assets284/8€96€76▼
Amounts receivable and cash guarantees285/8€96€76▼
Current assets29/58€5.67M€4.89M▼
Stocks and contracts in progress3€488k€304k▼
Stocks30/36€488k€304k▼
Goods purchased for resale34€488k€304k▼
Amounts receivable within one year40/41€3.39M€2.39M▼
Trade receivables40€3.30M€2.37M▼
Other amounts receivable41€88k€16k▼
Cash at bank and in hand54/58€1.78M€2.19M▲
Deferred charges and accrued income490/1€11k€11k▲
Equity and liabilities
Total equity and liabilities10/49€5.89M€5.11M▼
Equity10/15€1.56M€1.69M▲
Contributions10/11€636k€636k=
Reserves13€924k€1.05M▲
Non-distributable reserves130/1€63k€0▼
Reserves not available under the articles1311€63k€0▼
Tax-exempt reserves132€2k€2k=
Distributable reserves133€859k€1.05M▲
Investment grants15€3k€3k=
Provisions and deferred taxes16€50k€50k=
Provisions for liabilities and charges160/5€50k€50k=
Environmental obligations163€50k€50k=
Amounts payable17/49€4.28M€3.37M▼
Amounts payable after more than one year17€496k€496k=
Financial debts170/4€496k€496k=
Subordinated loans170€496k€496k=
Amounts payable within one year42/48€3.77M€2.87M▼
Trade debts44€3.41M€2.47M▼
Suppliers440/4€3.41M€2.47M▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€15k€45k▲
Taxes450/3€2k€24k▲
Remuneration and social security454/9€13k€21k▲
Other amounts payable47/48€345k€363k▲
Accrued charges and deferred income492/3€8k€868▼
Income statement
Code20242025
Operating income70/76A€49.19M€41.69M▼
Turnover70€49.16M€41.67M▼
Other operating income74€27k€26k▼
Operating charges60/66A€48.99M€41.41M▼
Goods for resale, raw materials and consumables60€47.91M€40.37M▼
Purchases600/8€47.92M€40.18M▼
Change in stocks: decrease (increase)609€-5k€184k▲
Services and other goods61€885k€840k▼
Remuneration, social security and pensions62€167k€170k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€0▼
Other operating charges640/8€26k€27k▲
Operating profit (loss)9901€192k€288k▲
Financial income75/76B€456€3k▲
Recurring financial income75€456€3k▲
Income from current assets751-€929
Other financial income752/9€456€2k▲
Financial charges65/66B€41k€30k▼
Recurring financial charges65€41k€30k▼
Debt charges650€41k€29k▼
Other financial charges652/9€109€586▲
Profit (loss) for the period before taxes9903€152k€261k▲
Income taxes67/77€24k€44k▲
Taxes670/3€24k€44k▲
Profit (loss) for the period9904€128k€217k▲
Profit (loss) for the period to be appropriated9905€128k€217k▲
Appropriation of the result
Profit (loss) to be appropriated9906€128k€217k▲
Transfer to equity691/2€68k€127k▲
To other reserves6921€68k€127k▲
Profit to be distributed694/7€60k€90k▲
Directors or managers695€60k€90k▲
Social balance
Average headcount (FTE)90873.63.3▼
The notes to these accounts (38 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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
20-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
23-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Back to profitnet €306k
Net result €306k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Weakest financial yearnet €-93k ▼125%
Net result drops to €-93k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Highest result since 2019net €368k ▲439%
Operating result €433k, net result €368k, both a record.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
07-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Ieper · 1 establishment unit since 1995
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.
Rozendaalstraat 508900 IeperGround area
2.2 ha
Building footprint
2,991 m²
Volume, LiDAR
18,257 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rozendaalstraat zn, 8900 Ieper
since 19952.070.941.981
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B0927/02_000 | Flanders | 1.3 ha | 1 · 129 m² | 6.9 m · 2 fl. |
| 33305B0989/00N000 | Flanders | 9,117 m² | 1 · 2,862 m² | 8.6 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 209 EUR awarded · 209 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 76 EUR | 76 EUR |
| 2022 | 1 | 133 EUR | 133 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 840 companies in sector 46810 we hold annual accounts for 473. 328 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
Founded24-02-1995
Fiscal year end30-06
Activities, NACEBEL 2025
46810Wholesale of solid, liquid and gaseous fuels and related products
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.