Henkens Frères
ActiveHenkens Frères has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.02M and a net result of €59k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 29% of 3550 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability56▼-1
Solvency51▲+3
Growth35▼-7
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.2 in 2023; short-term debt: 67.2% and cash: 9.8% of total assets), and 74.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
25.6%
Return on assets
0.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
42 d late
2022
27 d early
2021
40 d early
2020
40 d early
2019
50 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€19.73M▼ 23.1%
2023 · €25.65M
2018: €17.51M
2019: €17.87M
2020: €20.48M
2021: €23.35M
2022: €21.88M
2023: €25.65M
2018 → 2024
EBIT margin
1.1%▲ 0.4pp
2023 · 0.7%
2018: 5.8%
2019: 4.4%
2020: 3.7%
2021: 0.4%
2022: 0.9%
2023: 0.7%
2018 → 2024
Net result
€59k▲ 121%
2023 · €27k
2018: €746k
2019: €570k
2020: €535k
2021: €30k
2022: €104k
2023: €27k
2018 → 2024
Working capital
€2.00M▲ 11.6%
2023 · €1.79M
2018: €2.67M
2019: €2.83M
2020: €2.71M
2021: €2.44M
2022: €2.27M
2023: €1.79M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€20.48M-€23.35M▲ 14.0%€21.88M▼ 6.3%€25.65M▲ 17.2%€19.73M▼ 23.1%
Equity€2.90M-€2.93M▲ 1.0%€2.93M▲ 0.1%€2.96M▲ 0.9%€3.02M▲ 2.0%
Operating result€759k-€102k▼ 86.6%€204k▲ 99.8%€178k▼ 12.7%€211k▲ 18.3%
Net result€535k-€30k▼ 94.3%€104k▲ 241%€27k▼ 74.1%€59k▲ 121%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 18% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.78M
Fixed assets
€1.86M▼ 10.4%
Current assets
€9.92M▼ 8.7%
Equity and liabilities €11.78M
Equity
€3.02M▲ 2.0%
Provisions
€0▼ 100%
Debt
€8.76M▼ 11.5%
The debt ratio falls from 76.5% to 74.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€834k▲
2023 · €791k
Cash flow
€683k▲
2023 · €640k
Solvency
25.6%▲
2023 · 22.9%
Current ratio
1.25▲
2023 · 1.20
Quick ratio
0.60▼
2023 · 0.76
Debt / equity
2.90▼
2023 · 3.35
ROE
2.0%▲
2023 · 0.9%
ROA
0.5%▲
2023 · 0.2%
Interest coverage
5.59▼
2023 · 8.76
Debt
€8.76M▼
2023 · €9.90M
Debt ≤ 1 year
€7.92M▼
2023 · €9.07M
Debt > 1 year
€818k▼
2023 · €828k
Income taxes
€-7k▼
2023 · €58k
Staff costs
€7.72M▼
2023 · €8.03M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€12.95M€11.78M▼
Formation expenses20€3k€0▼
Fixed assets21/28€2.08M€1.86M▼
Intangible fixed assets21€488k€571k▲
Tangible fixed assets22/27€1.50M€1.19M▼
Land and buildings22€27k€27k▲
Plant, machinery and equipment23€336k€327k▼
Furniture and vehicles24€590k€304k▼
Other tangible fixed assets26€543k€515k▼
Assets under construction and advance payments27-€17k
Financial fixed assets28€95k€101k▲
Other financial fixed assets284/8€95k€101k▲
Shares284€10k€4k▼
Amounts receivable and cash guarantees285/8€85k€96k▲
Current assets29/58€10.87M€9.92M▼
Amounts receivable after more than one year29€147k€86k▼
Trade receivables290€147k€86k▼
Stocks and contracts in progress3€3.97M€5.15M▲
Stocks30/36€1.96M€2.06M▲
Raw materials and consumables30/31€797k€826k▲
Goods purchased for resale34€1.16M€1.24M▲
Contracts in progress37€2.01M€3.08M▲
Amounts receivable within one year40/41€5.76M€3.40M▼
Trade receivables40€5.59M€3.27M▼
Other amounts receivable41€165k€129k▼
Cash at bank and in hand54/58€964k€1.16M▲
Deferred charges and accrued income490/1€28k€125k▲
Equity and liabilities
Total equity and liabilities10/49€12.95M€11.78M▼
Equity10/15€2.96M€3.02M▲
Contributions10/11€104k€104k=
Capital10€104k€104k=
Issued capital100€104k€104k=
Reserves13€2.86M€2.92M▲
Non-distributable reserves130/1€137k€137k=
Legal reserve130€10k€10k=
Reserves not available under the articles1311€126k€126k=
Distributable reserves133€2.72M€2.78M▲
Provisions and deferred taxes16€86k€0▼
Provisions for liabilities and charges160/5€86k€0▼
Other liabilities and charges164/5€86k€0▼
Amounts payable17/49€9.90M€8.76M▼
Amounts payable after more than one year17€828k€818k▼
Financial debts170/4€828k€818k▼
Credit institutions173€828k€818k▼
Amounts payable within one year42/48€9.07M€7.92M▼
Current portion of amounts payable after more than one year42€613k€525k▼
Financial debts43€1.51M€1.95M▲
Credit institutions430/8€1.51M€1.95M▲
Trade debts44€4.75M€2.85M▼
Suppliers440/4€4.75M€2.85M▼
Advances received on contracts in progress46€743k€1.28M▲
Taxes, remuneration and social security45€1.04M€915k▼
Taxes450/3€159k€138k▼
Remuneration and social security454/9€883k€776k▼
Other amounts payable47/48€419k€403k▼
Accrued charges and deferred income492/3€2k€26k▲
Income statement
Code20232024
Operating income70/76A€26.41M€21.44M▼
Turnover70€25.65M€19.73M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-168k€1.07M▲
Own construction capitalised72-€39k
Other operating income74€926k€595k▼
Non-recurring operating income76A-€7k
Operating charges60/66A€26.23M€21.23M▼
Goods for resale, raw materials and consumables60€13.22M€9.96M▼
Purchases600/8€13.52M€10.11M▼
Change in stocks: decrease (increase)609€-299k€-157k▲
Services and other goods61€4.31M€2.87M▼
Remuneration, social security and pensions62€8.03M€7.72M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€613k€623k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-20k€51k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-13k€-86k▼
Other operating charges640/8€93k€89k▼
Non-recurring operating charges66A-€13k
Operating profit (loss)9901€178k€211k▲
Financial income75/76B€29k€25k▼
Recurring financial income75€29k€25k▼
Income from financial fixed assets750€126-
Income from current assets751€3k€8k▲
Other financial income752/9€26k€18k▼
Financial charges65/66B€123k€184k▲
Recurring financial charges65€123k€181k▲
Debt charges650€90k€149k▲
Other financial charges652/9€32k€32k▼
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€85k€53k▼
Income taxes67/77€58k€-7k▼
Taxes670/3€58k€0▼
Tax adjustments and reversals of tax provisions77€334€7k▲
Profit (loss) for the period9904€27k€59k▲
Profit (loss) for the period to be appropriated9905€27k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€59k▲
Transfer to equity691/2€27k€59k▲
To other reserves6921€27k€59k▲
Social balance
Average headcount (FTE)9087133.6126.9▼
The notes to these accounts (107 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 42 days late
2023
31-12
Financial
Weakest financial yearnet €27k ▼74.1%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 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, Welkenraedt · 2 establishment units since 1954
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.
Rue Saint-Martin 64841 WelkenraedtGround area
1.7 ha
Building footprint
5,707 m²
Volume, LiDAR
44,723 m³
2 parcels, Wallonia · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Rue Saint-Martin 6, 4841 Welkenraedt
since 19542.003.988.425
Henkens frères
since 20252.373.232.385
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63032A0001/00B002 | Wallonia | 1.5 ha | 1 · 4,500 m² | 12.6 m · 3 fl. |
| 63032A0001/00C002 | Wallonia | 2,534 m² | 1 · 1,207 m² | 4.8 m · 1 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.
Recognitions · licences · registrations
Recognised contractor
8 categoriesHenkens frères SA04208
Food safety, FASFC
1 siteWelkenraedt2.003.988.425
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Of 9,531 companies in sector 43222 we hold annual accounts for 5,661. 1,505 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
25110Manufacture of metal structures and parts of structures
28110
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:michel.therer@henkens-freres.be