Hemelhoeve · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Hemelhoeve is 3.4% (moderate). The 2024 annual accounts show equity of €742 and a net result of €135k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 550 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

3.4% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 550 sector peers (2024).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	31-08-2025	31 d late	2025-00454905
31-12-2023	31-07-2024	06-03-2024	147 d early	2024-00039715
31-12-2022	31-07-2023	01-08-2023	1 d late	2023-00300432
31-12-2021	31-07-2022	25-07-2022	6 d early	2022-20216430
31-12-2020	31-07-2021	30-07-2021	1 d early	2021-42500266

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€135k-39.3%

Working capital€-382k+21.8%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 31-08-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~58% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 56, Food & beverage service · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	0.0%	19.1%	better than 25% of 550 sector peers
Net result	€135k	€19k	better than 86% of 549 sector peers
Equity	€742	€64k	better than 25% of 550 sector peers
Gross operating margin	€953k	€293k	better than 90% of 547 sector peers
Staff costs	€615k	€239k	higher than 83% of 476 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P25

Stable position over 2020-2024 · n=237-550

Net result P86

Improving position over 2020-2024 · n=237-549

Equity P25

Stable position over 2020-2024 · n=238-550

Gross operating margin P90

Stable position over 2020-2024 · n=234-547

Describes the position versus peers, not a forecast.

EBITDA

€335k

-20.0% 20-24

Net profit

€135k

-39.3% 20-24

Cash flow

€291k

-24.7% 20-24

Total assets

€1.90M

-8.5% 20-24

Equity

€742

- 20-24

Working capital

€-382k

+21.8% 20-24

Employees (FTE)

19

+78.7% 20-24

Staff costs

€615k

+3.9% 20-24

Income taxes

€546

+563.9% 20-24

Debt

€1.90M

-14.1% 20-24

Debt ≤ 1y

€576k

-19.7% 20-24

Debt > 1y

€986k

-14.1% 20-24

Current ratio

0.34

+5.6% 20-24

Quick ratio

0.18

+10.3% 20-24

Solvency

0.0%

- 20-24

Debt / equity

2560.11

- 20-24

ROE

18174.9%

- 20-24

ROA

7.1%

-33.7% 20-24

Interest coverage

6.78

-32.5% 20-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€335k
Net profit	€135k
Cash flow	€291k
Staff costs	€615k
Income taxes	€546
Dividends	-
Total assets	€1.90M
Equity	€742
Debt	€1.90M
of which ≤ 1y	€576k
of which > 1y	€986k
Working capital	€-382k
Employees (FTE)	19.3

Ratios (computed)

	2024
Current ratio	0.34
Quick ratio	0.18
Working capital ratio	-20.1%
Solvency	0.0%
Debt / equity	2560.11
Long-term debt ratio	1329.19
Interest coverage	6.78
Gross margin	-
Net margin	-
ROA	7.1%
ROE	18174.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €1.71M · 89.8% Current assets €194k · 10.2%

Equity & liabilities

Equity €742 · 0.0% Debt €1.90M · 100.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.90M
Fixed assets	21/28	€1.71M
Intangible fixed assets	21	€870k
Tangible fixed assets	22/27	€834k
Financial fixed assets	28	€3k
Current assets	29/58	€194k
Stocks & contracts in progress	3	€90k
Amounts receivable within one year	40/41	€35k
Cash & bank	54/58	€66k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.90M
Equity	10/15	€742
Contributions / capital	10/11	€100k
Accumulated profits (losses)	14	€-99k
Amounts payable	17/49	€1.90M
Amounts payable after one year	17	€986k
Amounts payable within one year	42/48	€576k
Trade debts payable within one year	44	€257k
Income statement
Gross operating margin	9900	€953k
Operating result	9901	€179k
Financial income	75	€6k
Financial charges	65	€49k
Result before taxes	9903	€135k
Income taxes	67/77	€546
Net result for the period	9904	€135k
Result to be appropriated	9905	€135k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

43 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Azalealaan 32930 Brasschaat

Establishment units

1 location

Hemelhoeve

Azalealaan 3, 2930 BrasschaatRestaurant van het traditionele type

since 20192.286.268.224

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area8,304 m²

Buildings1

Building footprint552 m²

Volume (LiDAR)3,399 m³

Tallest building10.3 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11324D0545/00L000	Flanders	8,304 m²	1 · 552 m²	10.3 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 2 years ago

2024

25-01-2024 Publication in the Belgian Official Gazette, Minor change Minor change·Emmanuel Van Roosbroeck

Summary: Statutes changeNotary: Emmanuel Van Roosbroeck · Antwerpen

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

64 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 43

Profitability 100

Solvency 0

Growth 78

Stability 100

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Credit advice

verdict per customer and amount

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We hold annual accounts for 2,912 of the 20,288 companies in this sector. 436 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111Catering56210Catering van evenementen56210Organisatie van congressen en beurzen82300Organisatie van congressen en beurzen82300

Primary activity highlighted.

Names & trade names

Legal nameNL

Hemelhoeve

Registered office

Azalealaan 3 bus 5

2930 Brasschaat, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.