HEMAN
ActiveHEMAN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €370k and a net result of €118k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 10310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+27
Solvency83▲+6
Growth74=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.42 against 2.07 in 2024; short-term debt: 35.6% and cash: 18.4% of total assets), and 41.6% of the assets are financed with debt.
Credit advice 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 47
Relative position
BE, all sectors
reference
Sector 47
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
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
58.4%
Return on assets
18.7%
Age of the figures
9 mo
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
61 d late
2023
41 d early
2022
29 d early
2021
45 d early
2020
45 d early
2019
21 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.40M▲ 29.6%
2023 · €1.08M
2018: €782k
2019: €800k
2020: €800k
2021: €910k
2022: €931k
2023: €1.08M
2018 → 2024
EBIT margin
4.1%▼ 2.8pp
2023 · 6.9%
2018: 1.0%
2019: 1.2%
2020: 1.6%
2021: 1.4%
2022: 1.5%
2023: 6.9%
2018 → 2024
Net result
€118k▲ 309%
2024 · €29k
2018: €5k
2019: €543
2020: €11k
2021: €8k
2022: €9k
2023: €56k
2024: €29k
2018 → 2025
Working capital
€320k▲ 69.3%
2024 · €189k
2018: €92k
2019: €105k
2020: €134k
2021: €148k
2022: €143k
2023: €196k
2024: €189k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€910k-€931k▲ 2.2%€1.08M▲ 16.4%€1.40M▲ 29.6%
Equity€160k-€169k▲ 5.8%€223k▲ 31.5%€252k▲ 13.0%€370k▲ 47.1%
Operating result€13k-€14k▲ 11.6%€75k▲ 435%€58k▼ 22.7%€177k▲ 205%
Net result€8k-€9k▲ 10.8%€56k▲ 510%€29k▼ 48.6%€118k▲ 309%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 205% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €634k
Fixed assets
€88k▼ 24.1%
Current assets
€546k▲ 49.5%
Equity and liabilities €634k
Equity
€370k▲ 47.1%
Debt
€264k▲ 14.8%
The debt ratio falls from 47.8% to 41.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€205k▲
2024 · €76k
Cash flow
€147k▲
2024 · €47k
Solvency
58.4%▲
2024 · 52.2%
Current ratio
2.42▲
2024 · 2.07
Quick ratio
2.08▲
2024 · 1.76
Debt / equity
0.71▼
2024 · 0.91
ROE
32.0%▲
2024 · 11.5%
ROA
18.7%▲
2024 · 6.0%
Interest coverage
20.85▼
2024 · 44.65
Debt
€264k▲
2024 · €230k
Debt ≤ 1 year
€226k▲
2024 · €176k
Debt > 1 year
€39k▼
2024 · €54k
Income taxes
€15k▼
2024 · €17k
Staff costs
€198k▼
2024 · €232k
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€482k€634k▲
Fixed assets21/28€117k€88k▼
Tangible fixed assets22/27€117k€88k▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€106k€82k▼
Other tangible fixed assets26€2k€1k▼
Current assets29/58€365k€546k▲
Stocks and contracts in progress3€55k€77k▲
Stocks30/36€55k€77k▲
Amounts receivable within one year40/41€196k€351k▲
Trade receivables40€190k€281k▲
Other amounts receivable41€5k€70k▲
Cash at bank and in hand54/58€110k€117k▲
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€482k€634k▲
Equity10/15€252k€370k▲
Contributions10/11€15k€15k=
Reserves13€90k€90k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€88k€88k=
Profit (loss) carried forward14€147k€266k▲
Amounts payable17/49€230k€264k▲
Amounts payable after more than one year17€54k€39k▼
Financial debts170/4€54k€39k▼
Amounts payable within one year42/48€176k€226k▲
Current portion of amounts payable after more than one year42€23k€20k▼
Trade debts44€127k€165k▲
Suppliers440/4€127k€165k▲
Taxes, remuneration and social security45€24k€38k▲
Taxes450/3-€14k
Remuneration and social security454/9€24k€25k▲
Other amounts payable47/48€3k€3k=
Income statement
Code20242025
Turnover70€1.40M-
Goods, raw materials, services and sundry goods60/61€1.09M-
Remuneration, social security and pensions62€232k€198k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€29k▲
Other operating charges640/8€8k€3k▼
Gross operating margin9900€317k€407k▲
Operating profit (loss)9901€58k€177k▲
Financial income75/76B€2k€5k▲
Recurring financial income75€2k€5k▲
Financial charges65/66B€13k€49k▲
Recurring financial charges65€2k€10k▲
Non-recurring financial charges66B€12k€39k▲
Profit (loss) for the period before taxes9903€46k€133k▲
Income taxes67/77€17k€15k▼
Profit (loss) for the period9904€29k€118k▲
Profit (loss) for the period to be appropriated9905€29k€118k▲
Appropriation of the result
Profit (loss) to be appropriated9906€147k€266k▲
Profit (loss) brought forward from the previous period14P€118k€147k▲
The notes to these accounts (7 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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €118k ▲309%
Operating result €177k, net result €118k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €223k ▲31.5%
6 profitable years in a row build equity to €223k.
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €152k ▲8.1%
3 profitable years in a row build equity to €152k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €543 ▼89%
Net result drops to €543, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2006
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.
Ten Eekhovelei 3612100 AntwerpenGround area
174 m²
Building footprint
142 m²
Volume, LiDAR
1,222 m³
Parcel 11342A0030/00B002, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Heman
since 20062.154.431.861
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11342A0030/00B002 | Flanders | 174 m² | 1 · 141 m² | 10.7 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.154.431.861
Similar companies · same sector, comparable size
't BAKKERSHUIZEKE
BE 0872.816.292
Essen · Eq €371k
Jordan BE
BE 0649.492.006
Antwerpen · Eq €372k
HET HEMELS BROOD
BE 0899.737.356
Duffel · Eq €366k
LA MAISON DEMOULIN
BE 0837.084.858
Namur · Eq €377k
BEKODIS
BE 0432.102.633
Raeren · Eq €377k
Of 2,406 companies in sector 47241 we hold annual accounts for 1,099. 666 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-07-2006
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
15812
47241Retail sale of bread and pastry (bakery outlets)
52240
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.