Hemelhoeve

Active

Private limited companyfounded 20197 yrs activeAzalealaan 3, 2930 Brasschaat, BelgiumKBO/BCE: BE 0721.521.434

Summary

The computed 12-month bankruptcy probability of Hemelhoeve is 3.5% (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 18% of 2935 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

50 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability78▼-4

Solvency25▲+6

Growth78=

Track record100

Bankruptcy probability, 12 months

3.5% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 2935 sector peers (2024).

NBB · sector comparison

Position among 2935 sector peers

Solvency

better than 18%

← weakest strongest →

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.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

31 d late

2023

147 d early

2022

1 d late

2021

6 d early

2020

1 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€742

2023 · €-134k

2020: €-154k 2021: €-236k 2022: €-356k 2023: €-134k

2020 → 2024

Total assets

€1.90M▼ 8.5%

2023 · €2.08M

2020: €2.20M 2021: €2.16M 2022: €2.08M 2023: €2.08M

2020 → 2024

Net result

€135k▼ 39.3%

2023 · €222k

2020: €-254k 2021: €-82k 2022: €-120k 2023: €222k

2020 → 2024

Working capital

€-382k▲ 21.8%

2023 · €-489k

2020: €-342k 2021: €-419k 2022: €-600k 2023: €-489k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-154k-€-236k▼ 53.1%€-356k▼ 50.7%€-134k▲ 62.4%€742

Operating result€-203k-€-34k▲ 83.4%€-75k▼ 123%€254k€179k▼ 29.7%

Net result€-254k-€-82k▲ 67.7%€-120k▼ 46.1%€222k€135k▼ 39.3%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 30% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.90M

89.8%

10%

Fixed assets €1.71M ▼ 7.7%

Current assets €194k ▼ 15.2%

Equity and liabilities €1.90M

100.0%

Equity €742

Debt €1.90M

Debt finances 100.0% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€335k▼

2023 · €418k

Cash flow

€291k▼

2023 · €386k

Current ratio

0.34▲

2023 · 0.32

Quick ratio

0.18▲

2023 · 0.16

ROA

7.1%▼

2023 · 10.7%

Interest coverage

6.78▼

2023 · 10.04

Debt ≤ 1 year

€576k▼

2023 · €717k

Debt > 1 year

€986k▼

2023 · €1.15M

Income taxes

€546▲

2023 · €82

Staff costs

€615k▲

2023 · €592k

Equity ratios withheld: equity of €742 is too small for a meaningful ratio.

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 · 52 lines

Balance sheet Code20232024

Assets

Total assets20/58€2.08M€1.90M▼

Fixed assets21/28€1.85M€1.71M▼

Intangible fixed assets21€906k€870k▼

Tangible fixed assets22/27€940k€834k▼

Land and buildings22€739k€717k▼

Plant, machinery and equipment23€56k€19k▼

Furniture and vehicles24€144k€98k▼

Financial fixed assets28€3k€3k▲

Current assets29/58€228k€194k▼

Stocks and contracts in progress3€111k€90k▼

Stocks30/36€111k€90k▼

Amounts receivable within one year40/41€28k€35k▲

Trade receivables40€10k€7k▼

Other amounts receivable41€18k€29k▲

Cash at bank and in hand54/58€84k€66k▼

Deferred charges and accrued income490/1€4k€2k▼

Equity and liabilities

Total equity and liabilities10/49€2.08M€1.90M▼

Equity10/15€-134k€742▲

Contributions10/11€100k€100k=

Profit (loss) carried forward14€-234k€-99k▲

Amounts payable17/49€2.21M€1.90M▼

Amounts payable after more than one year17€1.15M€986k▼

Financial debts170/4€1.15M€986k▼

Amounts payable within one year42/48€717k€576k▼

Current portion of amounts payable after more than one year42€115k€141k▲

Financial debts43€87k€83k▼

Credit institutions430/8€87k€83k▼

Trade debts44€398k€257k▼

Suppliers440/4€398k€257k▼

Taxes, remuneration and social security45€83k€96k▲

Taxes450/3€46k€55k▲

Remuneration and social security454/9€37k€40k▲

Other amounts payable47/48€34k€0▼

Accrued charges and deferred income492/3€346k€337k▼

Income statement Code20232024

Non-recurring operating income76A€486€0▼

Remuneration, social security and pensions62€592k€615k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€164k€156k▼

Other operating charges640/8€5k€3k▼

Non-recurring operating charges66A€0-

Gross operating margin9900€1.01M€953k▼

Operating profit (loss)9901€254k€179k▼

Financial income75/76B€10k€6k▼

Recurring financial income75€10k€6k▼

Financial charges65/66B€42k€49k▲

Recurring financial charges65€42k€49k▲

Profit (loss) for the period before taxes9903€222k€135k▼

Income taxes67/77€82€546▲

Profit (loss) for the period9904€222k€135k▼

Profit (loss) for the period to be appropriated9905€222k€135k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-234k€-99k▲

Profit (loss) brought forward from the previous period14P€-456k€-234k▲

Social balance

Average headcount (FTE)908710.819.3▲

The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 1Filings 5

2025

31-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 31 days late

2024

06-03

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Back to profitnet €222k

Net result €222k after 3 loss-making years.

01-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 1 day late

2022

25-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

30-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Brasschaat · 1 establishment unit since 2019

establishment approximate The establishment unit on the map

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

Ground area

8,304 m²

Building footprint

552 m²

Volume, LiDAR

3,399 m³

Parcel 11324D0545/00L000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Hemelhoeve

Azalealaan 3, 2930 BrasschaatFood and beverage service activities

since 20192.286.268.224

1 parcel

Flanders 1 (100%)

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

Recognitions · licences · registrations

Food safety, FASFC

1 site

Brasschaat2.286.268.224

1 permission

Toelating · Eetgelegenheid · since 19-03-2019

Similar companies · same sector, comparable size

MANAGEMENT TWENTY TWO

BE 0650.716.481

Knokke-Heist · Eq €729

Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 1,241 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

Founded25-02-2019

Fiscal year end31-12

Activities, NACEBEL 2025

56111Full-service restaurants

56210Event catering

82300Organisation of conventions and trade shows

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.