HEUGHEBAERT
InactiveInactive since 23-09-2026; last annual accounts for fiscal year 2025. Dissolved and wound up in a single deed on 22-09-2026; no liquidator appointed; books and records kept by Pascal Heughebaert.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
102 d early
2024
72 d early
2023
30 d early
2022
20 d early
2021
3 d early
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25k
2024 · €-23k
2018: €-8k
2019: €4k▲ +147% vs 2018
2020: €27k▲ +624% vs 2019
2021: €-22k▼ -180% vs 2020
2022: €52k▲ +341% vs 2021highest in 8 years
2023: €-1k▼ -103% vs 2022
2024: €-23k▼ -1567% vs 2023lowest in 8 years
2025: €25k▲ +213% vs 2024
2018 → 2025
Working capital
€110k▲ 70.3%
2024 · €65k
2018: €50klowest in 8 years
2019: €54k▲ +7.5% vs 2018
2020: €87k▲ +61.5% vs 2019
2021: €64k▼ -26.0% vs 2020
2022: €111k▲ +72.9% vs 2021highest in 8 years
2023: €86k▼ -22.7% vs 2022
2024: €65k▼ -24.7% vs 2023
2025: €110k▲ +70.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€113k▲ 76.8%€108k▼ 4.7%€85k▼ 20.8%€111k▲ 29.8%
2021: €64klowest in 5 years
2022: €113k▲ +76.8% vs 2021highest in 5 years
2023: €108k▼ -4.7% vs 2022
2024: €85k▼ -20.8% vs 2023
2025: €111k▲ +29.8% vs 2024
Operating result€-21k-€65k€-521€-24k▼ 4,433%€24k
2021: €-21k
2022: €65k▲ +407% vs 2021highest in 5 years
2023: €-521▼ -101% vs 2022
2024: €-24k▼ -4433% vs 2023lowest in 5 years
2025: €24k▲ +203% vs 2024
Net result€-22k-€52k€-1k€-23k▼ 1,567%€25k
2021: €-22k
2022: €52k▲ +341% vs 2021highest in 5 years
2023: €-1k▼ -103% vs 2022
2024: €-23k▼ -1567% vs 2023lowest in 5 years
2025: €25k▲ +213% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €24k after a loss of €24k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €112k
Fixed assets
€872 ▼ 97.3%
Current assets
€111k ▲ 45.0%
Equity and liabilities €112k
Equity
€111k ▲ 29.8%
Provisions
€312 =
Debt
€967 ▼ 95.8%
Debt's share of the balance-sheet total falls from 21.0% to 0.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▲
2024 · €-14k
Cash flow
€26k▲
2024 · €-12k
Debt to equity
0.01▼
2024 · 0.27
ROE
23.0%▲
2024 · -26.3%
ROA
22.7%▲
2024 · -20.7%
Interest coverage
23.06▲
2024 · -15.29
Debt ≤ 1 year
€967▼
2024 · €12k
Debt > 1 year
€0▼
2024 · €11k
Income taxes
€997▲
2024 · €134
A ratio outside any meaningful range has been withheld (balance sheet total €112k, equity €111k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€109k€112k▲
Fixed assets21/28€32k€872▼
Tangible fixed assets22/27€32k€872▼
Plant, machinery and equipment23€1k€872▼
Furniture and vehicles24€30k€0▼
Financial fixed assets28€41€0▼
Current assets29/58€77k€111k▲
Amounts receivable after more than one year29€50k€0▼
Other amounts receivable291€50k€0▼
Amounts receivable within one year40/41€3k€95k▲
Trade receivables40€2€0▼
Other amounts receivable41€3k€95k▲
Current investments50/53€0-
Cash at bank and in hand54/58€24k€16k▼
Deferred charges and accrued income490/1€8€0▼
Equity and liabilities
Total equity and liabilities10/49€109k€112k▲
Equity10/15€85k€111k▲
Contributions10/11€49k€49k=
Reserves13€49k€58k▲
Distributable reserves133€49k€58k▲
Profit (loss) carried forward14€-13k€4k▲
Provisions and deferred taxes16€312€312=
Provisions for liabilities and charges160/5€312€312=
Pensions and similar obligations160€312€312=
Amounts payable17/49€23k€967▼
Amounts payable after more than one year17€11k€0▼
Financial debts170/4€11k€0▼
Amounts payable within one year42/48€12k€967▼
Current portion of amounts payable after more than one year42€9k€0▼
Trade debts44€0-
Suppliers440/4€0-
Taxes, remuneration and social security45€3k€967▼
Taxes450/3€1k€967▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€466▼
Other operating charges640/8€490€495▲
Gross operating margin9900€-13k€25k▲
Operating profit (loss)9901€-24k€24k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Non-recurring financial income76B-€567
Financial charges65/66B€885€1k▲
Recurring financial charges65€885€1k▲
Profit (loss) for the period before taxes9903€-22k€26k▲
Income taxes67/77€134€997▲
Profit (loss) for the period9904€-23k€25k▲
Profit (loss) for the period to be appropriated9905€-23k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€13k▲
Profit (loss) brought forward from the previous period14P-€-13k
Transfer from equity791/2€10k€0▼
Transfer to equity691/2-€9k
To other reserves6921-€9k
Profit to be distributed694/7€0-
Directors or managers695€0-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €56k | €100k | €0 | - | - | - |
| Remuneration, social security and pensions62 | €31k | €18k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €60 | €9k | €10k | €466 | ▼ 95.4% |
| Other operating charges640/8 | €3k | €1k | €526 | €490 | €495 | ▲ 1.0% |
| Non-recurring operating charges66A | €50k | €501 | €0 | - | - | - |
| Gross operating margin9900 | €62k | €86k | €9k | €-13k | €25k | ▲ 295% |
| Operating profit (loss)9901 | €-21k | €65k | €-521 | €-24k | €24k | ▲ 203% |
| Financial income75/76B | €460 | €582 | €1k | €2k | €3k | ▲ 46.0% |
| Recurring financial income75 | €460 | €582 | €1k | €2k | €3k | ▲ 19.5% |
| Non-recurring financial income76B | - | - | - | - | €567 | - |
| Financial charges65/66B | €565 | €168 | €3k | €885 | €1k | ▲ 22.2% |
| Recurring financial charges65 | €565 | €168 | €3k | €885 | €1k | ▲ 22.2% |
| Profit (loss) for the period before taxes9903 | €-21k | €66k | €-2k | €-22k | €26k | ▲ 218% |
| Income taxes67/77 | €211 | €14k | €-418 | €134 | €997 | ▲ 644% |
| Profit (loss) for the period9904 | €-22k | €52k | €-1k | €-23k | €25k | ▲ 213% |
| Transfer from tax-exempt reserves789 | €1k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-20k | €52k | €-1k | €-23k | €25k | ▲ 213% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79k | €121k | €144k | €109k | €112k | ▲ 3.3% |
| Fixed assets21/28 | €41 | €2k | €42k | €32k | €872 | ▼ 97.3% |
| Tangible fixed assets22/27 | - | €2k | €42k | €32k | €872 | ▼ 97.3% |
| Plant, machinery and equipment23 | - | €2k | €2k | €1k | €872 | ▼ 34.8% |
| Furniture and vehicles24 | - | - | €40k | €30k | €0 | ▼ 100% |
| Financial fixed assets28 | €41 | €41 | €41 | €41 | €0 | ▼ 100% |
| Current assets29/58 | €79k | €118k | €102k | €77k | €111k | ▲ 45.0% |
| Amounts receivable after more than one year29 | - | €50k | €50k | €50k | €0 | ▼ 100% |
| Other amounts receivable291 | - | €50k | €50k | €50k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €13k | €4k | €3k | €3k | €95k | ▲ 3,181% |
| Trade receivables40 | €12k | €320 | €0 | €2 | €0 | ▼ 100% |
| Other amounts receivable41 | €830 | €4k | €3k | €3k | €95k | ▲ 3,183% |
| Current investments50/53 | €19k | €24k | €11k | €0 | - | - |
| Cash at bank and in hand54/58 | €43k | €40k | €38k | €24k | €16k | ▼ 31.4% |
| Deferred charges and accrued income490/1 | €4k | - | €13 | €8 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79k | €121k | €144k | €109k | €112k | ▲ 3.3% |
| Equity10/15 | €64k | €113k | €108k | €85k | €111k | ▲ 29.8% |
| Contributions10/11 | €49k | €49k | €49k | €49k | €49k | = |
| Reserves13 | €15k | €64k | €59k | €49k | €58k | ▲ 17.6% |
| Non-distributable reserves130/1 | €4k | €4k | €0 | - | - | - |
| Reserves not available under the articles1311 | €4k | €4k | €0 | - | - | - |
| Distributable reserves133 | €11k | €60k | €59k | €49k | €58k | ▲ 17.6% |
| Profit (loss) carried forward14 | - | - | €0 | €-13k | €4k | ▲ 131% |
| Provisions and deferred taxes16 | €312 | €312 | €312 | €312 | €312 | = |
| Provisions for liabilities and charges160/5 | €312 | €312 | €312 | €312 | €312 | = |
| Pensions and similar obligations160 | €312 | €312 | €312 | €312 | €312 | = |
| Amounts payable17/49 | €15k | €7k | €36k | €23k | €967 | ▼ 95.8% |
| Amounts payable after more than one year17 | - | - | €20k | €11k | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €20k | €11k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €15k | €7k | €16k | €12k | €967 | ▼ 91.9% |
| Current portion of amounts payable after more than one year42 | - | - | €8k | €9k | €0 | ▼ 100% |
| Trade debts44 | €2k | €197 | €504 | €0 | - | - |
| Suppliers440/4 | €2k | €197 | €504 | €0 | - | - |
| Taxes, remuneration and social security45 | €13k | €4k | €3k | €3k | €967 | ▼ 69.2% |
| Taxes450/3 | €8k | €4k | €128 | €1k | €967 | ▼ 15.3% |
| Remuneration and social security454/9 | €5k | - | €3k | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | €87 | €3k | €4k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €52k | €-1k | €-23k | €25k | ▲ 213% |
| + Depreciation and write-downs630 | - | €60 | €9k | €10k | €466 | ▼ 95.4% |
| Operating cash flow (approximation) | €-22k | €52k | €7k | €-12k | €26k | ▲ 309% |
| Investment in fixed assets (approximation) | - | €-2k | €-48k | €0 | €30k | - |
| Change in cash | - | €-3k | €-2k | €-14k | €-7k | ▲ 45.9% |
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
24-09
State Gazette act
Resignations & appointments · End & cessationResignation: Pascal Heughebaert (sole director) · Declaration · Net-asset statement15 facts ▸
State Gazette act
Resignations & appointments · End & cessation
Resignation: Pascal Heughebaert (sole director) · Declaration · Net-asset statement15 facts ▸
- General meeting, 22-09-2026
- Declaration, communication préalable, article 2:71 du CSA
- Net-asset statement, 30-06-2026
- Approval, Pascal Heughebaert
- Auditor report, 17-09-2026
- Dissolution, 22-09-2026
- Liquidation closure, 22-09-2026
- Other statement, plan de répartition, reprise implicitement dans le rapport de l'organe d'administration
- Power of attorney
- Asset distribution, actifs qui figurent encore à la situation active et passive, transfert au compte bancaire de l'actionnaire unique sans délai
- Approval, comptes et transactions de l'exercice en cours, date de la présente assemblée générale
- Custody of records, Estinnes, Rue du Moulin(E/MT) 6, Pascal Heughebaert
- +3 further facts in this act
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
31-12
Financial
Liquidity times 18current ratio 115.15
Current ratio from 6.40 to 115.15; short-term debt falls from €12k to €967.
31-12
Financial
Equity above €100kEq €111k ▲29.8%
Equity rises from €85k to €111k.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 16.82
Current ratio from 5.32 to 16.82; short-term debt falls from €15k to €7k.
31-12
Financial
Equity above €100kEq €113k ▲76.8%
Equity rises from €64k to €113k.
Show earlier events
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
24-09-2026
Resigned as Sole director
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Estinnes
Ground area
809 m²
Building footprint
118 m²
Volume, LiDAR
537 m³
Parcel 56023B0332/00F016, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56023B0332/00F016 | Wallonia | 809 m² | 1 · 118 m² | 6.6 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.