Checked.be
Active
BE 0441.360.886Public limited company
HENY
Groot-Brittanniëlaan 4 ·8970 Poperinge, Belgium· 36 yrs active
Sector: Retail sale of bicycles
(47632)
Conclusion
HENY has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €320k and a net result of €52k. Equity is shrinking by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 9575 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €320k |
| Net result | €52k |
| Staff (FTE) | 2.8 |
| Better than sector | 58% |
Financial profile
81
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
81
Profitability
81
Solvency
83
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1990, 36 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
81
/ 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
€25k
estimate, not credit advice
Score history
83
2022
81
2023
81
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.69 (≥ 1.5)
+10
Quick ratio
Quick ratio 0.54 (< 0.6)
-5
Leverage
Debt/equity 1.22 (< 2.0)
+3
Profitability
ROE 16% (≥ 10%)
+10
Interest coverage
Interest coverage 64.4× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 02-07-2025 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.
declining
Equity: declining trend of ~12.3%/year over 3 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 | 45.1% | 38.6% | |
| Net result | €52k | €44k | |
| Equity | €320k | €332k | |
| Gross operating margin | €192k | €266k | |
| Staff costs | €114k | €166k |
€72k
+49.9%
22-24
€52k
+65.1%
22-24
€53k
+40.7%
22-24
€709k
+0.2%
22-24
€320k
-29.8%
22-24
€269k
-33.5%
22-24
3
0.0%
22-24
€114k
-0.1%
22-24
€21k
+66.9%
22-24
€187k
-
22-24
€389k
+54.4%
22-24
€389k
+54.4%
22-24
1.69
-35.1%
22-24
0.54
-32.8%
22-24
45.1%
-29.9%
22-24
1.22
+119.9%
22-24
16.2%
+135.2%
22-24
7.3%
+64.8%
22-24
64.41
-41.4%
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €72k | €48k | €88k |
| Net profit | €52k | €31k | €49k |
| Cash flow | €53k | €38k | €65k |
| Staff costs | €114k | €114k | €103k |
| Income taxes | €21k | €13k | €27k |
| Dividends | €187k | - | - |
| Total assets | €709k | €707k | €669k |
| Equity | €320k | €455k | €424k |
| Debt | €389k | €252k | €245k |
| of which ≤ 1y | €389k | €252k | €245k |
| of which > 1y | - | - | - |
| Working capital | €269k | €405k | €367k |
| Employees (FTE) | 2.8 | 2.8 | 2.8 |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 1.69 | 2.61 | 2.50 |
| Quick ratio | 0.54 | 0.81 | 0.57 |
| Working capital ratio | 38.0% | 57.2% | 54.9% |
| Solvency | 45.1% | 64.4% | 63.4% |
| Debt / equity | 1.22 | 0.55 | 0.58 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 64.41 | 109.90 | 94.84 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 7.3% | 4.4% | 7.4% |
| ROE | 16.2% | 6.9% | 11.6% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €709k | €707k | €669k |
| Fixed assets | 21/28 | €50k | €50k | €57k |
| Tangible fixed assets | 22/27 | €44k | €44k | €50k |
| Financial fixed assets | 28 | €6k | €6k | €6k |
| Current assets | 29/58 | €658k | €657k | €612k |
| Stocks & contracts in progress | 3 | €447k | €453k | €471k |
| Amounts receivable within one year | 40/41 | €5k | €15k | €7k |
| Cash & bank | 54/58 | €203k | €186k | €130k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €709k | €707k | €669k |
| Equity | 10/15 | €320k | €455k | €424k |
| Contributions / capital | 10/11 | €62k | €62k | €62k |
| Reserves | 13 | €258k | €393k | €362k |
| Amounts payable | 17/49 | €389k | €252k | €245k |
| Amounts payable within one year | 42/48 | €389k | €252k | €245k |
| Trade debts payable within one year | 44 | €43k | €21k | €420 |
| Income statement | ||||
| Gross operating margin | 9900 | €192k | €168k | €198k |
| Operating result | 9901 | €71k | €42k | €73k |
| Financial income | 75 | €4k | €3k | €4k |
| Financial charges | 65 | €1k | €434 | €933 |
| Result before taxes | 9903 | €73k | €44k | €76k |
| Income taxes | 67/77 | €21k | €13k | €27k |
| Net result for the period | 9904 | €52k | €31k | €49k |
| Result to be appropriated | 9905 | €52k | €31k | €49k |
Legal Structure
| NACE primary | Retail sale of bicycles(47632) |
| Legal form | Public limited company(014) |
| Incorporation | 06-07-1990 |
| Status | Active |
| Postal code | 8970 |
Establishment units
CICLI HENY
since 19902.049.538.437
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33021E0228/00H000 | Flanders | 1,783 m² | 1 · 798 m² | 4.2 m · 1 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
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2022net €52k ▲65.1%
Net result €52k, the highest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €31k ▼36.2%
Net result drops to €31k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 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
Retail sale of bicycles47632Retail trade4778551476Wholesale trade4649652740Repair and maintenance of other personal and household goods95290
Names & trade names
| Legal nameNL | HENY |
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