Shareholders
- LCM-PROJECTS25%
HERITAGE PROMOTIONS
ActiveSummary
HERITAGE PROMOTIONS has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2.2m) and a net result of -€395,365. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 378 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Official details
Source: KBO- Status
- Active since 07-07-2009 Normal situation
- Registered office
- 52 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Civil engineering NACE 42990and 2 others
- Establishment unit
- 2.184.090.008 8020 Oostkamp, since 19-01-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 18-03-2026
Board and ownership
Board
- Asset Financing Corporation NVDirector · permanent representative Stany Wilms
- Global Estate Services BVDirector · permanent representative Luc Beke
- Lucien WilmsDirector
Shareholders
- Tjaka50%· score 882025 annual accounts of Tjaka
- Asset Financing Corporation25%2025 annual accounts of Asset Financing Corporation
- BC - BUILDING25%· score 942024 annual accounts of BC - BUILDING
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
Annual accounts 2025
- Turnover
- €2,095
- =
- Operating revenue
- €62,908
- ▲ 11.6%
- Loss
- €395,365
- ▲ 12×
- Equity
- -€2.2m
- ▼ 21.6%
- Total assets
- €1.4m
- ▼ 13.7%
- Negative equity on 31-12-2025
- 2025 accounts filed 11 days after the deadline
Score breakdownraises riskCapped at 59: negative equityNegative equity -€2.2mLoss of €395,365, the second in a row (financial year 2025)Sector: Civil engineering (NACE 42)lowers riskSize: turnover €2,095, total assets €1.4mShow the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 16% of micro companies in civil engineering (NACE 42)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
0=
equity -155.7% of total assets
Liquidity
36-14
short-term debt 255.7% · cash 28.7%
Profitability
0-33
return on assets -27.6%
Bankruptcy probability within 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.3%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.5%▼ -0.8 percentage points vs 06-2025lowest value
08-2025: 0.5%● unchanged vs 07-2025lowest value
09-2025: 0.5%● unchanged vs 08-2025lowest value
10-2025: 0.5%● unchanged vs 09-2025lowest value
11-2025: 0.5%● unchanged vs 10-2025lowest value
12-2025: 0.5%● unchanged vs 11-2025lowest value
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.1 percentage points vs 07-2026
09-2026: 1.2%▲ +0.6 percentage points vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.39 (0.48 in 2024), below 1. Short-term debt is 255.7% and cash 28.7% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro). It does better than 3% of them on solvency, 26% on liquidity, 5% on profitability and 31% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.2m
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 days late
2024
37 days early
2023
34 days early
2022
14 days early
2021
31 days late
2020
31 days late
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€2.2m View
- Risk: 6 loss-making years in a rowloss in financial year 2025 -€395,365 View
- Caution: Result fell in 2025from -€32,596 to -€395,365 ▼ 1,113% View
- Caution: Lower solvency than 95% of companies in civil engineeringsector median 40.1% · 378 companies -155.7% View
- A director leftlatest change 07-04-2026 · 3 in office 1 left View
- Flemish supportawarded from 2022 to 2024 €79,876 View
Recent changes
- · Gazette deed Resignation: Marc Dubaere (director)
- · Gazette deed 4 directors resigning, 4 reappointedResignations: Global Estate Services BV, Asset Financing Corporation NV and 2 others · Reappointments: Global Estate Services BV, Asset Financing Corporation NV and 2 others · Permanent representatives: Luc Beke and Stany Wilms
- · Gazette deed Amendment of the articles
Companies linked to HERITAGE PROMOTIONS
Comparable companies
These companies have the same main activity as HERITAGE PROMOTIONS: civil engineering (NACE 42990). They are comparable in size and age: total assets between €590,000 and €1.4m, founded between 2003 and 2012.
| Company | Total assets | Turnover |
|---|---|---|
| HERITAGE PROMOTIONS Oostkamp | €1.4m | €0.002m |
| XTERIOR Ingelmunster | €1.0m | - |
| Vanbecelaere Bouwonderneming Pittem | €1.1m | - |
| PUBLIC CONSTRUCT Ardooie | €0.6m | - |
| Schuurs Allround Service Maaseik | €1.4m | - |
| VF ZWEMBADEN Beringen | €1.1m | - |
| KIELE Ranst | €0.8m | - |
Key facts about HERITAGE PROMOTIONS
- What is the company number of HERITAGE PROMOTIONS?
- The company number of HERITAGE PROMOTIONS is 0816.908.462. The VAT number is the same number with BE in front: BE 0816.908.462.
- Where is HERITAGE PROMOTIONS based?
- The registered office is at Kapellestraat 117, 8020 Oostkamp.Company details
- What does HERITAGE PROMOTIONS do?
- According to the KBO register, the main activity is civil engineering (NACE 42990).
- What is the legal form of HERITAGE PROMOTIONS?
- The legal form of HERITAGE PROMOTIONS is Public limited company (NV).
- When was HERITAGE PROMOTIONS founded?
- HERITAGE PROMOTIONS was founded on 07-07-2009.
- Is HERITAGE PROMOTIONS still active?
- Yes, HERITAGE PROMOTIONS is an active enterprise in the KBO register.
- What is the turnover of HERITAGE PROMOTIONS?
- The turnover of HERITAGE PROMOTIONS was €2,095 in financial year 2025, according to the filed annual accounts.Financials
- Is HERITAGE PROMOTIONS profitable?
- In financial year 2025, HERITAGE PROMOTIONS made a loss of €395,365.
- Where can I find the annual accounts of HERITAGE PROMOTIONS?
- HERITAGE PROMOTIONS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HERITAGE PROMOTIONS due?
- HERITAGE PROMOTIONS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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