Checked.be
Active
BE 0426.198.402Private limited company
HENFI
Herenthoutseweg(HRT) 21 ·2200 Herentals, Belgium· 42 yrs active
Sector: Retail sale of bicycles
(47632)
Conclusion
HENFI has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €622k and a net result of €48k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 9575 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €622k |
| Net result | €48k |
| Staff (FTE) | 2.6 |
| Better than sector | 87% |
Financial profile
82
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
38
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1984, 42 years in business.
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.
Checked score
94
/ 100
Excellent
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.
Indicative credit limit
€60k
estimate, not credit advice
Score history
88
2021
100
2022
86
2023
94
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.50 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.58 (≥ 1.0)
+5
Leverage
Debt/equity 0.31 (< 1.0)
+10
Profitability
ROE 8%
+3
Interest coverage
Interest coverage 20.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~9.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 76.6% | 38.5% | |
| Net result | €48k | €44k | |
| Equity | €622k | €332k | |
| Gross operating margin | €199k | €266k | |
| Staff costs | €116k | €166k |
€77k
+6.0%
21-24
€48k
+2.5%
21-24
€49k
+1.0%
21-24
€812k
+17.1%
21-24
€622k
+8.3%
21-24
€617k
+7.3%
21-24
3
+30.0%
21-24
€116k
+3.6%
21-24
€30k
+28.6%
21-24
€190k
+59.0%
21-24
€176k
+50.1%
21-24
€12k
+412.0%
21-24
4.50
-23.7%
21-24
1.58
+2.9%
21-24
76.6%
-7.5%
21-24
0.31
+46.7%
21-24
7.7%
-5.4%
21-24
5.9%
-12.5%
21-24
20.69
+124.2%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €77k | €73k | €80k | €74k |
| Net profit | €48k | €47k | €61k | €47k |
| Cash flow | €49k | €49k | €64k | €50k |
| Staff costs | €116k | €112k | €97k | €74k |
| Income taxes | €30k | €24k | €15k | €19k |
| Dividends | - | - | - | - |
| Total assets | €812k | €694k | €649k | €732k |
| Equity | €622k | €574k | €528k | €466k |
| Debt | €190k | €120k | €121k | €266k |
| of which ≤ 1y | €176k | €117k | €117k | €260k |
| of which > 1y | €12k | €2k | €4k | €6k |
| Working capital | €617k | €576k | €522k | €466k |
| Employees (FTE) | 2.6 | 2.0 | 2.1 | 2.3 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 4.50 | 5.90 | 5.46 | 2.79 |
| Quick ratio | 1.58 | 1.53 | 1.09 | 0.99 |
| Working capital ratio | 76.0% | 82.9% | 80.5% | 63.7% |
| Solvency | 76.6% | 82.7% | 81.3% | 63.7% |
| Debt / equity | 0.31 | 0.21 | 0.23 | 0.57 |
| Long-term debt ratio | 0.02 | 0.00 | 0.01 | 0.01 |
| Interest coverage | 20.69 | 9.23 | 9.55 | 8.29 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 5.9% | 6.7% | 9.5% | 6.4% |
| ROE | 7.7% | 8.1% | 11.6% | 10.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €812k | €694k | €649k | €732k |
| Fixed assets | 21/28 | €19k | €1k | €10k | €6k |
| Tangible fixed assets | 22/27 | €19k | €1k | €10k | €6k |
| Current assets | 29/58 | €794k | €693k | €639k | €726k |
| Stocks & contracts in progress | 3 | €515k | €513k | €511k | €468k |
| Amounts receivable within one year | 40/41 | €63k | €45k | €103k | €59k |
| Cash & bank | 54/58 | €205k | €135k | €24k | €109k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €812k | €694k | €649k | €732k |
| Equity | 10/15 | €622k | €574k | €528k | €466k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €602k | €555k | €508k | €447k |
| Accumulated profits (losses) | 14 | €1k | €1k | €1k | €1k |
| Amounts payable | 17/49 | €190k | €120k | €121k | €266k |
| Amounts payable after one year | 17 | €12k | €2k | €4k | €6k |
| Amounts payable within one year | 42/48 | €176k | €117k | €117k | €260k |
| Trade debts payable within one year | 44 | €19k | €3k | €2k | €146k |
| Income statement | |||||
| Gross operating margin | 9900 | €199k | €192k | €180k | €154k |
| Operating result | 9901 | €76k | €71k | €77k | €71k |
| Financial income | 75 | €6k | €7k | €7k | €3k |
| Financial charges | 65 | €4k | €8k | €8k | €9k |
| Result before taxes | 9903 | €78k | €70k | €76k | €66k |
| Income taxes | 67/77 | €30k | €24k | €15k | €19k |
| Net result for the period | 9904 | €48k | €47k | €61k | €47k |
| Result to be appropriated | 9905 | €48k | €47k | €61k | €47k |
Directors & mandates
Current directors & mandates
-
HENDRICKX DirkDirectorState Gazette act 23439203 (29-11-2023)Current29-11-2023 → present
Legal Structure
| NACE primary | Retail sale of bicycles(47632) |
| Legal form | Private limited company(610) |
| Incorporation | 25-07-1984 |
| Status | Active |
| Postal code | 2200 |
Establishment units
Herenthoutseweg(HRT) 21, 2200 Herentals
since 19842.025.232.514
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302D0642/00M007 | Flanders | 123 m² | 1 · 108 m² | 6.6 m · 2 fl. |
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.
Updates
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €47k ▼24%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
29-11
State Gazette act
Director changes
v3.2
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 91 days late
2022
31-12
Financial
Highest result since 2021net €61k ▲31.4%
Operating result €77k, net result €61k, both a record.
31-12
Financial
Equity above €500kEq €528k ▲13.2%
2 profitable years in a row build equity to €528k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2023
29-11-2023 HENDRICKX Dirk appointed as director
- HENDRICKX Dirk, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "HENDRICKX Dirk",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0426.198.402",
"name_full": "HENFI"
}
}Credit advice
Company registry (CBE)
Activities
Retail sale of bicycles47632Retail sale of other sporting goods47639Retail trade47640Retail trade477855248252492Wholesale trade4649651476
Names & trade names
| Legal nameNL | HENFI |
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