HERON ENGINEERS
ActiveSummary
HERON ENGINEERS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €171,336 and a net result of €27,018. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 45% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-1
Solvency74▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 2.9 against 1.91 in 2023; short-term debt: 8.7% and cash: 1.3% of total assets), but 50.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
23 d early
2022
25 d early
2021
37 d early
2020
31 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€171,336▲ 17.4%
2023 · €145,984
Total assets
€346,923▲ 4.7%
2023 · €331,370
Net result
€27,018▼ 3.6%
2023 · €28,027
Working capital
€57,214▲ 98.0%
2023 · €28,889
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€28,120▼ 23.7%€38,946▲ 38.5%€8,675▼ 77.7%€43,836▲ 405%€42,373▼ 3.3%
Net result€26,097▼ 27.2%€27,555▲ 5.6%€4,327▼ 84.3%€28,027▲ 548%€27,018▼ 3.6%
Equity€90,941▲ 40.2%€116,896▲ 28.5%€119,623▲ 2.3%€145,984▲ 22.0%€171,336▲ 17.4%
Total assets€147,137▲ 13.7%€345,060▲ 135%€321,256▼ 6.9%€331,370▲ 3.1%€346,923▲ 4.7%
Debt€56,196▼ 13.0%€228,164▲ 306%€201,633▼ 11.6%€185,385▼ 8.1%€175,587▼ 5.3%
Working capital€57,619▲ 54.3%€3,092▼ 94.6%€2,684▼ 13.2%€28,889▲ 977%€57,214▲ 98.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €346,923
Fixed assets
€259,574 ▼ 4.1%
Current assets
€87,349 ▲ 43.8%
Equity and liabilities €346,923
Equity
€171,336 ▲ 17.4%
Debt
€175,587 ▼ 5.3%
Debt's share of the balance-sheet total falls from 55.9% to 50.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56,409▼
2023 · €73,081
Cash flow
€41,054▼
2023 · €57,272
Current ratio
2.90▲
2023 · 1.91
Debt to equity
1.02▼
2023 · 1.27
ROE
15.8%▼
2023 · 19.2%
ROA
7.8%▼
2023 · 8.5%
Interest coverage
25.38▼
2023 · 34.14
Debt ≤ 1 year
€30,135▼
2023 · €31,854
Debt > 1 year
€145,181▼
2023 · €153,530
Income taxes
€13,227▼
2023 · €13,676
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,698 | €26,382 | €30,090 | €29,245 | €14,036 | ▼ 52.0% |
| Other operating charges640/8 | - | €3,338 | €2,272 | €1,997 | €2,013 | ▲ 0.8% |
| Non-recurring operating charges66A | - | - | - | €1,501 | €0 | ▼ 100% |
| Gross operating margin9900 | €51,085 | €68,666 | €41,038 | €76,579 | €58,422 | ▼ 23.7% |
| Operating profit (loss)9901 | €28,120 | €38,946 | €8,675 | €43,836 | €42,373 | ▼ 3.3% |
| Financial income75/76B | - | €10 | €8 | €7 | €93 | ▲ 1,156% |
| Recurring financial income75 | €5 | €10 | €8 | €7 | €93 | ▲ 1,156% |
| Financial charges65/66B | - | €1,410 | €2,357 | €2,141 | €2,222 | ▲ 3.8% |
| Recurring financial charges65 | €577 | €1,410 | €2,357 | €2,141 | €2,222 | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | €27,548 | €37,547 | €6,326 | €41,703 | €40,244 | ▼ 3.5% |
| Income taxes67/77 | €1,451 | €9,991 | €1,998 | €13,676 | €13,227 | ▼ 3.3% |
| Profit (loss) for the period9904 | €26,097 | €27,555 | €4,327 | €28,027 | €27,018 | ▼ 3.6% |
| Profit (loss) for the period to be appropriated9905 | €26,097 | €27,555 | €4,327 | €28,027 | €27,018 | ▼ 3.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €147,137 | €345,060 | €321,256 | €331,370 | €346,923 | ▲ 4.7% |
| Fixed assets21/28 | €61,650 | €299,584 | €281,904 | €270,627 | €259,574 | ▼ 4.1% |
| Tangible fixed assets22/27 | €61,640 | €299,574 | €281,894 | €270,617 | €259,564 | ▼ 4.1% |
| Land and buildings22 | - | €254,999 | €257,899 | €258,341 | €249,024 | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €2,735 | €1,998 | €6,352 | €4,523 | ▼ 28.8% |
| Furniture and vehicles24 | - | €41,840 | €21,998 | €5,924 | €6,016 | ▲ 1.6% |
| Financial fixed assets28 | €10 | €10 | €10 | €10 | €10 | = |
| Current assets29/58 | €85,487 | €45,476 | €39,352 | €60,743 | €87,349 | ▲ 43.8% |
| Amounts receivable within one year40/41 | €8,300 | €10,883 | €12,984 | €8,364 | €28,673 | ▲ 243% |
| Trade receivables40 | - | €4,323 | €6,983 | €8,364 | €24,438 | ▲ 192% |
| Other amounts receivable41 | - | €6,560 | €6,002 | €0 | €4,235 | - |
| Current investments50/53 | - | - | €16,347 | €38,615 | €45,000 | ▲ 16.5% |
| Cash at bank and in hand54/58 | €74,766 | €29,916 | €4,108 | €7,336 | €4,544 | ▼ 38.1% |
| Deferred charges and accrued income490/1 | - | €4,677 | €5,913 | €6,428 | €9,133 | ▲ 42.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €147,137 | €345,060 | €321,256 | €331,370 | €346,923 | ▲ 4.7% |
| Equity10/15 | €90,941 | €116,896 | €119,623 | €145,984 | €171,336 | ▲ 17.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €108,159 | €110,696 | €113,423 | €139,784 | €165,136 | ▲ 18.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €108,836 | €111,563 | €139,784 | €165,136 | ▲ 18.1% |
| Profit (loss) carried forward14 | -€23,418 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €56,196 | €228,164 | €201,633 | €185,385 | €175,587 | ▼ 5.3% |
| Amounts payable after more than one year17 | €28,328 | €185,763 | €164,964 | €153,530 | €145,181 | ▼ 5.4% |
| Financial debts170/4 | - | €185,763 | €164,964 | €153,530 | €145,181 | ▼ 5.4% |
| Amounts payable within one year42/48 | €27,867 | €42,384 | €36,669 | €31,854 | €30,135 | ▼ 5.4% |
| Current portion of amounts payable after more than one year42 | - | €20,564 | €20,799 | €11,435 | €8,349 | ▼ 27.0% |
| Trade debts44 | €6,076 | €2,428 | €6,296 | €5,201 | €13,541 | ▲ 160% |
| Suppliers440/4 | - | €2,428 | €6,296 | €5,201 | €13,541 | ▲ 160% |
| Taxes, remuneration and social security45 | - | €4,566 | €2,467 | €8,549 | €6,580 | ▼ 23.0% |
| Taxes450/3 | - | €4,566 | €2,467 | €8,549 | €6,580 | ▼ 23.0% |
| Other amounts payable47/48 | - | €14,827 | €7,107 | €6,670 | €1,666 | ▼ 75.0% |
| Accrued charges and deferred income492/3 | - | €17 | €0 | €2 | €270 | ▲ 13,417% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,097 | €27,555 | €4,327 | €28,027 | €27,018 | ▼ 3.6% |
| + Depreciation and write-downs630 | €21,698 | €26,382 | €30,090 | €29,245 | €14,036 | ▼ 52.0% |
| Operating cash flow (approximation) | €47,796 | €53,937 | €34,418 | €57,272 | €41,054 | ▼ 28.3% |
| Investment in fixed assets (approximation) | - | -€264,316 | -€12,411 | -€17,967 | -€2,983 | ▲ 83.4% |
| Change in cash | - | -€44,851 | -€25,808 | €3,229 | -€2,793 | ▼ 187% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €171,336 ▲17.4%
6 profitable years in a row build equity to €171,336.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €116,896 ▲28.5%
3 profitable years in a row build equity to €116,896.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €35,823
Net result €35,823 after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Hamme (Vl.) · 1 establishment unit since 2007
Ground area
2,705 m²
Building footprint
294 m²
Volume, LiDAR
2,002 m³
Parcel 42452C0621/00A000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HERON Engineers
since 20072.162.982.412
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C0621/00A000 | Flanders | 2,705 m² | 1 · 294 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,264 EUR awarded · 3,264 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 651 EUR | 651 EUR |
| 2024 | 1 | 1,106 EUR | 1,106 EUR |
| 2023 | 1 | 570 EUR | 570 EUR |
| 2022 | 1 | 937 EUR | 937 EUR |
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,210 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
Contact
E-mail
info@heronengineers.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889912642
Registered
11-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.