HEUFKEN
ActiveSummary
HEUFKEN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,298 and a net result of €16,253. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+18
Solvency34▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.36 in 2024; short-term debt: 21.8% and cash: 6.4% of total assets), and 90.9% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.1%
Return on assets
2.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €61,298
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
74 d early
2024
50 d early
2023
71 d early
2022
49 d early
2021
68 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 62 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€61,298▲ 36.1%
2024 · €45,045
Total assets
€671,606▼ 10.1%
2024 · €747,386
Net result
€16,253
2024 · -€4,684
Working capital
-€91,511▲ 69.8%
2024 · -€302,552
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,581--€19,248€13,478€27,188▲ 102%€50,848▲ 87.0%
Net result-€2,764within the sector's middle half--€29,176below the sector's middle half▼ 956%€458within the sector's middle half-€4,684within the sector's middle half€16,253within the sector's middle half
Equity€98,047within the sector's middle half-€49,271within the sector's middle half▼ 49.7%€49,729within the sector's middle half▲ 0.9%€45,045within the sector's middle half▼ 9.4%€61,298within the sector's middle half▲ 36.1%
Total assets€421,553within the sector's middle half-€396,857within the sector's middle half▼ 5.9%€807,437within the sector's middle half▲ 103%€747,386within the sector's middle half▼ 7.4%€671,606within the sector's middle half▼ 10.1%
Debt€323,506-€347,586▲ 7.4%€757,708▲ 118%€702,341▼ 7.3%€610,308▼ 13.1%
Working capital€256,411above the sector's middle half-€215,234above the sector's middle half▼ 16.1%€55,719within the sector's middle half▼ 74.1%-€302,552below the sector's middle half-€91,511below the sector's middle half▲ 69.8%
Solvency23.3%within the sector's middle half-12.4%within the sector's middle half▼ 10.8pp6.2%within the sector's middle half▼ 6.3pp6.0%within the sector's middle half▼ 0.1pp9.1%within the sector's middle half▲ 3.1pp
Current ratio2.61within the sector's middle half-2.21within the sector's middle half▼ 0.401.07within the sector's middle half▼ 1.140.36below the sector's middle half▼ 0.720.37within the sector's middle half▲ 0.02
Return on assets (ROA)-0.7%within the sector's middle half--7.4%below the sector's middle half▼ 6.7pp0.1%within the sector's middle half▲ 7.4pp-0.6%within the sector's middle half▼ 0.7pp2.4%within the sector's middle half▲ 3.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 87% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €671,132
Fixed assets
€616,333 ▲ 6.4%
Current assets
€54,799 ▼ 67.1%
Equity and liabilities €671,606
Equity
€61,298 ▲ 36.1%
Debt
€610,308 ▼ 13.1%
Debt's share of the balance-sheet total falls from 94.0% to 90.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72,855▲
2024 · €31,968
Cash flow
€38,260▲
2024 · €96
Debt to equity
9.96▼
2024 · 15.59
ROE
26.5%▲
2024 · -10.4%
Interest coverage
2.71▲
2024 · 1.00
Debt ≤ 1 year
€146,311▼
2024 · €469,232
Debt > 1 year
€453,859▲
2024 · €230,000
Income taxes
€7,682
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
2.5%
stopped otherwise
96%
still going
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,216 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,000 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,404 | €1,878 | €1,750 | €4,780 | €22,007 | ▲ 360% |
| Other operating charges640/8 | €962 | €469 | €891 | €1,574 | €2,101 | ▲ 33.5% |
| Gross operating margin9900 | €11,947 | -€16,901 | €16,120 | €33,542 | €74,956 | ▲ 123% |
| Operating profit (loss)9901 | €9,581 | -€19,248 | €13,478 | €27,188 | €50,848 | ▲ 87.0% |
| Financial income75/76B | €13 | €0 | - | - | €5 | - |
| Recurring financial income75 | €13 | €0 | - | - | €5 | - |
| Financial charges65/66B | €11,725 | €10,721 | €13,020 | €31,872 | €26,919 | ▼ 15.5% |
| Recurring financial charges65 | €11,725 | €10,721 | €13,020 | €31,872 | €26,919 | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | -€2,131 | -€29,969 | €458 | -€4,684 | €23,934 | ▲ 611% |
| Income taxes67/77 | €633 | -€793 | €0 | - | €7,682 | - |
| Profit (loss) for the period9904 | -€2,764 | -€29,176 | €458 | -€4,684 | €16,253 | ▲ 447% |
| Profit (loss) for the period to be appropriated9905 | -€2,764 | -€29,176 | €458 | -€4,684 | €16,253 | ▲ 447% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €421,553 | €396,857 | €807,437 | €747,386 | €671,606 | ▼ 10.1% |
| Formation expenses20 | €4,105 | €3,197 | €2,289 | €1,381 | €474 | ▼ 65.7% |
| Fixed assets21/28 | €1,954 | €985 | €142 | €579,325 | €616,333 | ▲ 6.4% |
| Tangible fixed assets22/27 | €1,954 | €985 | €142 | €579,325 | €616,333 | ▲ 6.4% |
| Land and buildings22 | €0 | - | - | €579,325 | €564,057 | ▼ 2.6% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €1,954 | €985 | €142 | €0 | €576 | - |
| Leasing and similar rights25 | - | - | - | - | €51,700 | - |
| Current assets29/58 | €415,494 | €392,676 | €805,006 | €166,679 | €54,799 | ▼ 67.1% |
| Stocks and contracts in progress3 | €308,880 | €339,384 | €597,236 | €125,000 | €0 | ▼ 100% |
| Stocks30/36 | €308,880 | €339,384 | €597,236 | €125,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €12,819 | €10,970 | €15,630 | €17,145 | €8,579 | ▼ 50.0% |
| Trade receivables40 | €1,736 | €1,770 | €6,430 | €7,945 | €7,379 | ▼ 7.1% |
| Other amounts receivable41 | €11,083 | €9,200 | €9,200 | €9,200 | €1,200 | ▼ 87.0% |
| Cash at bank and in hand54/58 | €93,522 | €41,610 | €191,679 | €23,914 | €42,966 | ▲ 79.7% |
| Deferred charges and accrued income490/1 | €274 | €712 | €461 | €620 | €3,254 | ▲ 425% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €421,553 | €396,857 | €807,437 | €747,386 | €671,606 | ▼ 10.1% |
| Equity10/15 | €98,047 | €49,271 | €49,729 | €45,045 | €61,298 | ▲ 36.1% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €97,047 | €53,480 | €53,480 | €53,480 | €60,298 | ▲ 12.7% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €97,047 | €53,480 | €53,480 | €53,480 | €60,298 | ▲ 12.7% |
| Profit (loss) carried forward14 | €0 | -€5,209 | -€4,751 | -€9,435 | €0 | ▲ 100% |
| Amounts payable17/49 | €323,506 | €347,586 | €757,708 | €702,341 | €610,308 | ▼ 13.1% |
| Amounts payable after more than one year17 | €164,423 | €164,423 | €0 | €230,000 | €453,859 | ▲ 97.3% |
| Financial debts170/4 | €164,423 | €164,423 | €0 | - | €223,859 | - |
| Other amounts payable178/9 | - | - | - | €230,000 | €230,000 | = |
| Amounts payable within one year42/48 | €159,083 | €177,442 | €749,287 | €469,232 | €146,311 | ▼ 68.8% |
| Current portion of amounts payable after more than one year42 | €0 | - | €550,000 | €450,000 | €17,163 | ▼ 96.2% |
| Financial debts43 | €8,341 | €0 | - | - | - | - |
| Credit institutions430/8 | €8,341 | €0 | - | - | - | - |
| Trade debts44 | €3,049 | €9,861 | €712 | €12,164 | €2,307 | ▼ 81.0% |
| Suppliers440/4 | €3,049 | €9,861 | €712 | €12,164 | €2,307 | ▼ 81.0% |
| Taxes, remuneration and social security45 | €400 | €1,483 | €25,929 | €4,196 | €10,408 | ▲ 148% |
| Taxes450/3 | €400 | €1,483 | €25,929 | €4,196 | €10,408 | ▲ 148% |
| Other amounts payable47/48 | €147,293 | €166,099 | €172,645 | €2,872 | €116,433 | ▲ 3,954% |
| Accrued charges and deferred income492/3 | - | €5,721 | €8,421 | €3,110 | €10,138 | ▲ 226% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,764 | -€29,176 | €458 | -€4,684 | €16,253 | ▲ 447% |
| + Depreciation and write-downs630 | €1,404 | €1,878 | €1,750 | €4,780 | €22,007 | ▲ 360% |
| Operating cash flow (approximation) | -€1,360 | -€27,298 | €2,208 | €96 | €38,260 | ▲ 39,663% |
| Investment in fixed assets (approximation) | - | -€908 | -€908 | -€583,964 | -€59,014 | ▲ 89.9% |
| Change in cash | - | -€51,912 | €150,069 | -€167,765 | €19,052 | ▲ 111% |
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
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €16,253
Net result €16,253 after one loss-making year.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €458
Net result €458 after 2 loss-making years.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€29,176
Net result drops to -€29,176, the lowest in the series; recovery starts the following year.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Ronse · 1 establishment unit since 2006
Ground area
562 m²
Building footprint
135 m²
Volume, LiDAR
1,283 m³
Parcel 45041B0021/00A003, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HEUFKEN
since 20062.156.022.859
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45041B0021/00A003 | Flanders | 562 m² | 1 · 134 m² | 12.8 m · 3 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.
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IMMO LOUVAIN-LA-NEUVE
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 5,154 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
Founded29-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883205388
Also
9925:BE0883205388
Registered
01-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.