Equity
-€115,027
Debts exceed assets in financial year 2025.
Heritage Development
Part of the group
10 companies
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €228,652 (2017)
€42,872▼ 26.6%
lowest -€73,011 (2008)
-€25,868▼ €14,154
peak €98,873 (2017)
-€115,027▼ €25,868
€2.6m▲ 5.8%
peak 0 FTE (2022)
0 FTE
Board4 names since 2018
2 directors and 1 other
Owners2 names in the annual accounts
60% and 1 other
Documentsfilings and deeds
13-07-202618 days before the deadline
2025abbreviated format
Gross margin from €58,435 to €42,872Loss of €25,868Equity from -€89,159 to -€115,027Cash from €9,582 to €35,165
Key points
from the 2025 annual accountsLosses
-€213,821 in eight years
Every financial year from 2018 to 2025 closed with a loss. 2019 was the heaviest.
Turnover
≈ €120,000 estimated
The abbreviated format states no turnover.
Debts
€2.6m 105% of the balance sheet
Financial debts 23%Suppliers 0%Other 77%
€600,000 of the debts are secured on the company's own assets. In 2021 that was €250,000.
Filings
22 annual accounts since 2004
Eight of the last ten came late. The 2019 accounts came latest: 76 days after the end of the period.
Position in the sector
-€115,027
Less equity than 90% of companies in real estate. Sector median €403,849 · 12,427 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,241 companies had the same profile as Heritage Development has now. Each dot stands for 4 companies, two years later.
92.7%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,241 companies, not a prediction for Heritage Development. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Manager,
Director,
- 60%equity €1.1m (2025) · 2025 annual accounts of
- 40%score equity €305,912 (2025) · 2025 annual accounts of
Recent changes
Environmental permit refused
Hoogstammige bomen vellen die geen deel uitmaken van een bos, Nieuwbouw of aanleggen, Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden and 2 more · Provincie Antwerpen
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0864235752
Company renamed from Stones@Work Projects to Heritage Development
Registered office moved within Brasschaat · New registered office: Augustijnslei 52 bus A1, 2930 Brasschaat · Previous registered office: Augustijnslei 52 bus A0001, 2930 Brasschaat · General meeting of 17-10-2023 · Gazette deed
1 director appointed, 1 resignation
Resignation: · Permanent representative: · Appointment: · General meeting of 01-12-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Heritage Development Brasschaat | €2.5m | €42,872 | -4.6% | 0 |
| IEPENBURG Schilde | €2.4m | €30,203 | 86.9% | 0 |
| ANTONELLO Wortegem-Petegem | €2.1m | €65,192 | 32.9% | 0 |
| LINECA Boechout | €1.7m | €47,348 | 14.1% | 0 |
| REWIRTUS Geraardsbergen | €2.0m | €32,519 | 2.3% | 0 |
| FV PROJECTS Tielt | €3.2m | €120,079 | 64.4% | 0 |
| W.G. VASTGOED Beveren | €1.8m | €52,205 | 13.1% | 0 |
These companies have the same main activity as Heritage Development: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.7m and €3.2m, founded between 2002 and 2009.
Official details
Source: KBO- Status
- Active since 23-03-2004Normal situation
- Activity
- Development of residential building projectsNACE 68121and 5 others
- Establishment unit
- 2.137.929.2902930 Brasschaat, since 14-07-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 08-05-2025
Annual accounts 2025
- €2.5m▲ 4.9%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Companies linked to Heritage Development
Parent and group
Insights on Heritage Development
Heritage Development files the abbreviated format. That format states no turnover. The gross margin rose from -€11,050 in 2006 to €42,872 in 2025.
holds 60% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Heritage Development
- What is the company number of Heritage Development?
- The company number of Heritage Development is 0864.235.752. The VAT number is the same number with BE in front: BE 0864.235.752.
- Where is Heritage Development based?
- The registered office is at Augustijnslei 52, 2930 Brasschaat.Company details
- What does Heritage Development do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Heritage Development?
- Heritage Development is a private limited company (BV).
- When was Heritage Development founded?
- Heritage Development was founded on 23-03-2004.
- Is Heritage Development still active?
- Yes, Heritage Development is an active enterprise in the KBO register.
- What is the turnover of Heritage Development?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €42,872 and 32 comparable companies (NACE 681). It probably lies between €65,000 and €240,000.Financials
- Is Heritage Development profitable?
- In financial year 2025, Heritage Development made a loss of €25,868.
- Where can I find the annual accounts of Heritage Development?
- Heritage Development filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Heritage Development due?
- Heritage Development must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.