Checked.be
Active
BE 0446.549.693Public limited company
HENVRO
Kreyelerstraat 7 ·3950 Bocholt, Belgium· 34 yrs active
Sector: Pig breeding farms
(01461)
Conclusion
HENVRO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €5k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 3015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €42k |
| Net result | €5k |
| Better than sector | 92% |
| Active | 34 yrs |
Financial profile
86
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
58
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1991, 34 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
93
/ 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
€4k
estimate, not credit advice
Score history
50
2021
100
2022
100
2023
93
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 6.04 (≥ 1.5)
+10
Quick ratio
Quick ratio 6.04 (≥ 1.0)
+5
Leverage
Debt/equity 0.13 (< 1.0)
+10
Profitability
ROE 12% (≥ 10%)
+10
Interest coverage
Interest coverage 154.1× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 11-06-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~18.4%/year over 5 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 2025 · NACE 01, Crop and animal production, hunting and related service activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 88.5% | 33.3% | |
| Net result | €5k | €7k | |
| Equity | €42k | €88k | |
| Gross operating margin | €8k | €48k | |
| Total assets | €47k | €337k |
€7k
-2.0%
21-25
€5k
-15.8%
21-25
€5k
-15.4%
21-25
€47k
+18.8%
21-25
€42k
+13.1%
21-25
€27k
+22.3%
21-25
€2k
+65.3%
21-25
€5k
+95.4%
21-25
€5k
+95.4%
21-25
6.04
-33.3%
21-25
6.04
-33.3%
21-25
88.5%
-4.8%
21-25
0.13
+72.9%
21-25
11.5%
-25.5%
21-25
10.2%
-29.1%
21-25
154.06
-5.3%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €7k | €7k | €7k | €6k | €-9k |
| Net profit | €5k | €6k | €6k | €6k | €-9k |
| Cash flow | €5k | €6k | €7k | €6k | €-8k |
| Staff costs | - | - | - | - | - |
| Income taxes | €2k | €1k | €61 | €56 | €50 |
| Dividends | - | - | - | - | - |
| Total assets | €47k | €40k | €33k | €27k | €30k |
| Equity | €42k | €37k | €31k | €25k | €19k |
| Debt | €5k | €3k | €2k | €2k | €11k |
| of which ≤ 1y | €5k | €3k | €724 | €905 | €9k |
| of which > 1y | - | - | - | - | - |
| Working capital | €27k | €22k | €18k | €11k | €5k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 6.04 | 9.06 | 25.41 | 13.13 | 1.49 |
| Quick ratio | 6.04 | 9.06 | 25.41 | 13.13 | 1.49 |
| Working capital ratio | 57.8% | 56.2% | 53.3% | 40.2% | 15.1% |
| Solvency | 88.5% | 93.0% | 93.9% | 91.9% | 64.7% |
| Debt / equity | 0.13 | 0.07 | 0.07 | 0.09 | 0.55 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 154.06 | 162.60 | 128.70 | 69.28 | -341.52 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 10.2% | 14.4% | 18.1% | 21.1% | -29.4% |
| ROE | 11.5% | 15.5% | 19.3% | 22.9% | -45.4% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €47k | €40k | €33k | €27k | €30k |
| Fixed assets | 21/28 | €14k | €15k | €15k | €15k | €16k |
| Tangible fixed assets | 22/27 | €14k | €15k | €15k | €15k | €16k |
| Current assets | 29/58 | €33k | €25k | €18k | €12k | €14k |
| Amounts receivable within one year | 40/41 | €31k | €24k | €17k | €11k | €9k |
| Cash & bank | 54/58 | €406 | €58 | €1k | €405 | €5k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €47k | €40k | €33k | €27k | €30k |
| Equity | 10/15 | €42k | €37k | €31k | €25k | €19k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Accumulated profits (losses) | 14 | €-20k | €-25k | €-31k | €-37k | €-43k |
| Amounts payable | 17/49 | €5k | €3k | €2k | €2k | €11k |
| Amounts payable within one year | 42/48 | €5k | €3k | €724 | €905 | €9k |
| Trade debts payable within one year | 44 | €703 | €677 | - | €106 | €3k |
| Income statement | ||||||
| Gross operating margin | 9900 | €8k | €8k | €8k | €7k | €5k |
| Operating result | 9901 | €7k | €7k | €6k | €5k | €-9k |
| Financial income | 75 | - | - | €181 | €420 | €553 |
| Financial charges | 65 | €45 | €44 | €52 | €89 | €25 |
| Result before taxes | 9903 | €7k | €7k | €6k | €6k | €-9k |
| Income taxes | 67/77 | €2k | €1k | €61 | €56 | €50 |
| Net result for the period | 9904 | €5k | €6k | €6k | €6k | €-9k |
| Result to be appropriated | 9905 | €5k | €6k | €6k | €6k | €-9k |
Legal Structure
| NACE primary | Pig breeding farms(01461) |
| Legal form | Public limited company(014) |
| Incorporation | 01-10-1991 |
| Status | Active |
| Postal code | 3950 |
Establishment units
Kreyelerstraat 7, 3950 Bocholt
since 19922.056.970.518
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72003B0499/00N000 | Flanders | 2,437 m² | 1 · 189 m² | 8.8 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
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €6k ▲4.4%
Net result €6k, the highest in the series.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 13.13
Current ratio from 1.49 to 13.13; short-term debt falls from €9k to €905.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
01231Pig breeding farms01461
Names & trade names
| Legal nameNL | HENVRO |
Similar companies
DESIMPEL - FIEMS
BE 0444.238.620 · Torhout
TEMCOOL
BE 0895.391.657 · Sint-Laureins
PORCO
BE 0785.353.570 · Moorslede
DE BLAUWE TORRE
BE 0431.235.373 · Alveringem
Li binamé pourcê
BE 0786.288.928 · Trois-Ponts