Heuvelheem
ActiveHeuvelheem has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.25M and a net result of €405k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 72% of 461 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+3
Solvency92▼-5
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.89 in 2024; short-term debt: 14% and cash: 7.1% of total assets), and 33.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Sector 87
lower
← 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
66.7%
Return on assets
3.7%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
27 d early
2023
36 d early
2022
35 d early
2021
32 d late
2020
5 d late
2019
3 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€181k▲ 20.0%
2024 · €151k
2018: €1.14M
2019: €1.20M
2020: €1.15M
2021: €196k
2022: €170k
2023: €161k
2024: €151k
2018 → 2025
EBIT margin
250.4%▲ 286.7pp
2024 · -36.2%
2018: 17.5%
2019: 7.9%
2020: 57.2%
2021: 200.3%
2022: -81.7%
2023: -169.7%
2024: -36.2%
2018 → 2025
Net result
€405k
2024 · €-72k
2018: €191k
2019: €261k
2020: €657k
2021: €377k
2022: €-168k
2023: €-290k
2024: €-72k
2018 → 2025
Working capital
€1.48M▲ 1.0%
2024 · €1.46M
2018: €3.74M
2019: €4.12M
2020: €4.58M
2021: €4.32M
2022: €3.44M
2023: €2.35M
2024: €1.46M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€196k-€170k▼ 13.4%€161k▼ 5.0%€151k▼ 6.3%€181k▲ 20.0%
Equity€7.22M-€7.02M▼ 2.8%€6.64M▼ 5.3%€6.93M▲ 4.4%€7.25M▲ 4.7%
Operating result€392k-€-139k€-273k▼ 97.2%€-55k▲ 80.0%€453k
Net result€377k-€-168k€-290k▼ 72.2%€-72k▲ 75.1%€405k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €453k after a loss of €55k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.88M
Fixed assets
€7.87M▲ 21.1%
Current assets
€3.01M▼ 3.2%
Equity and liabilities €10.88M
Equity
€7.25M▲ 4.7%
Provisions
€357k▲ 70.7%
Debt
€3.27M▲ 32.4%
The debt ratio rises from 25.7% to 30.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€853k▲
2024 · €299k
Cash flow
€804k▲
2024 · €281k
Solvency
66.7%▼
2024 · 72.1%
Current ratio
1.97▲
2024 · 1.89
Quick ratio
1.97▲
2024 · 1.89
Debt / equity
0.45▲
2024 · 0.36
ROE
5.6%▲
2024 · -1.0%
ROA
3.7%▲
2024 · -0.8%
Interest coverage
41.05▲
2024 · 24.17
Debt
€3.27M▲
2024 · €2.47M
Debt ≤ 1 year
€1.53M▼
2024 · €1.64M
Debt > 1 year
€1.70M▲
2024 · €781k
Income taxes
€39k▲
2024 · €30k
Staff costs
€11.82M▲
2024 · €11.55M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9.61M€10.88M▲
Fixed assets21/28€6.50M€7.87M▲
Intangible fixed assets21€11k€12k▲
Tangible fixed assets22/27€6.36M€7.85M▲
Land and buildings22€4.79M€6.13M▲
Plant, machinery and equipment23€594k€683k▲
Furniture and vehicles24€105k€164k▲
Leasing and similar rights25-€0
Other tangible fixed assets26€9k€6k▼
Assets under construction and advance payments27€864k€867k▲
Financial fixed assets28€133k€8k▼
Companies linked by participating interests282/3-€0
Participating interests282-€0
Amounts receivable283-€0
Other financial fixed assets284/8€133k€8k▼
Amounts receivable and cash guarantees285/8€133k€8k▼
Current assets29/58€3.11M€3.01M▼
Amounts receivable after more than one year29€58k€50k▼
Trade receivables290-€0
Other amounts receivable291€58k€50k▼
Stocks and contracts in progress3-€0
Stocks30/36-€0
Raw materials and consumables30/31-€0
Work in progress32-€0
Finished goods33-€0
Goods purchased for resale34-€0
Property held for sale35-€0
Advance payments36-€0
Contracts in progress37-€0
Amounts receivable within one year40/41€1.34M€1.85M▲
Trade receivables40€658k€485k▼
Other amounts receivable41€680k€1.36M▲
Current investments50/53€206k€206k=
Cash at bank and in hand54/58€1.38M€773k▼
Deferred charges and accrued income490/1€128k€132k▲
Equity and liabilities
Total equity and liabilities10/49€9.61M€10.88M▲
Equity10/15€6.93M€7.25M▲
Contributions10/11€370k€370k=
Capital10€370k€370k=
Revaluation surpluses12-€0
Reserves13€5.26M€5.26M=
Profit (loss) carried forward14€280k€685k▲
Investment grants15€1.02M€942k▼
Provisions and deferred taxes16€209k€357k▲
Provisions for liabilities and charges160/5€209k€357k▲
Pensions and similar obligations160€104k€146k▲
Taxes161-€0
Major repairs and maintenance162€15k€15k=
Environmental obligations163-€0
Other liabilities and charges164/5€90k€196k▲
Deferred taxes168-€0
Amounts payable17/49€2.47M€3.27M▲
Amounts payable after more than one year17€781k€1.70M▲
Financial debts170/4€721k€1.64M▲
Subordinated loans170-€0
Unsubordinated bonds171-€0
Leasing and similar obligations172-€0
Credit institutions173€721k€1.64M▲
Other loans174-€0
Trade debts175-€0
Suppliers1750-€0
Bills of exchange payable1751-€0
Advances received on contracts in progress176-€0
Other amounts payable178/9€60k€60k=
Amounts payable within one year42/48€1.64M€1.53M▼
Current portion of amounts payable after more than one year42€41k€81k▲
Financial debts43-€0
Credit institutions430/8-€0
Other loans439-€0
Trade debts44€157k€161k▲
Suppliers440/4€157k€161k▲
Bills of exchange payable441-€0
Advances received on contracts in progress46-€0
Taxes, remuneration and social security45€1.27M€1.20M▼
Taxes450/3-€0
Remuneration and social security454/9€1.27M€1.20M▼
Accrued charges and deferred income492/3€44k€40k▼
Income statement
Code20242025
Operating income70/76A€14.16M€15.17M▲
Turnover70€151k€181k▲
Change in stocks of work in progress, finished goods and contracts in progress71-€0
Own construction capitalised72-€0
Other operating income74€2.48M€2.50M▲
Non-recurring operating income76A€42k€265k▲
Operating charges60/66A€14.21M€14.72M▲
Goods for resale, raw materials and consumables60€531k€538k▲
Purchases600/8€531k€538k▲
Change in stocks: decrease (increase)609-€0
Services and other goods61€1.59M€1.67M▲
Remuneration, social security and pensions62€11.55M€11.82M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€353k€399k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€14k€2k▼
Other operating charges640/8€121k€138k▲
Non-recurring operating charges66A€2k-
Operating profit (loss)9901€-55k€453k▲
Financial income75/76B€28k€15k▼
Recurring financial income75€28k€15k▼
Income from financial fixed assets750-€0
Income from current assets751€28k€10k▼
Other financial income752/9€233€4k▲
Non-recurring financial income76B€0€0=
Financial charges65/66B€16k€25k▲
Recurring financial charges65€16k€25k▲
Debt charges650€12k€21k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€0
Other financial charges652/9€3k€4k▲
Non-recurring financial charges66B€0€0=
Profit (loss) for the period before taxes9903€-42k€444k▲
Transfer from deferred taxes780-€0
Transfer to deferred taxes680-€0
Income taxes67/77€30k€39k▲
Taxes670/3€30k€39k▲
Tax adjustments and reversals of tax provisions77-€0
Profit (loss) for the period9904€-72k€405k▲
Transfer from tax-exempt reserves789-€0
Transfer to tax-exempt reserves689-€0
Profit (loss) for the period to be appropriated9905€-72k€405k▲
Appropriation of the result
Profit (loss) to be appropriated9906€280k€685k▲
Profit (loss) brought forward from the previous period14P€352k€280k▼
From contributions791€0€0=
To contributions691€0-
Social balance
Average headcount (FTE)9087156.4152.3▼
The notes to these accounts (76 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €405k
Net result €405k after 3 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-290k
Net result drops to €-290k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 32 days late
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2020
31-12
Financial
Highest result since 2018net €657k ▲152%
Operating result €660k, net result €657k, both a record.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 3 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
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.
18-09-2025
Hilde Van Parys: Resigned as Director
04-09-2025
Thierry Godefroit: Resigned as Director
18-09-2024
Maro Vanderbeken: Resigned as Director
31-10-2023
Ben Decock: Resigned as Director
21-09-2023
Nancy Geeraerts: Resigned as Director
25-06-2023
Hilde Van Parys: Resigned as Director
10-05-2021
TYTGAT Jan: Resigned as Director
07-04-2020
Eeckhaudt Gaëtan: Resigned as Director
31-07-2019
Colpaert Andreas: Resigned as Director
31-07-2019
Verhulst Ivan: Resigned as Director
01-07-2019
D'hooghe Jacques: Resigned as Director
18-07-2018
Feys Pieter: Resigned as Director
18-07-2018
Smet Jean: Resigned as Director
18-07-2018
Vande Moortele Rita: Resigned as Director
01-07-2016
TYTGAT Jan: Resigned as Director
05-11-2015
Joop Verzele: Resigned as Director
23-10-2014
Pieter Orbie: Resigned as Director
23-10-2014
Vandendriessche Marijke: Resigned as Director
Location & real-estate footprint
Registered office, Kruisem · 8 establishment units since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nokerepontweg (WAN) 19772 KruisemGround area
2.0 ha
Building footprint
6,456 m²
Volume, LiDAR
41,959 m³
8 parcels, Flanders · tallest building 19.8 m, ±5 floors. Linked by address, not a title deed.
8 establishment units
Heuvelheem
since 20042.143.623.190
Heuvelheem
since 20042.143.623.289
Heuvelheem
since 20042.143.623.388
HEUVELHEEM
since 20162.257.714.590
Fonkel
since 20192.302.660.630
Heuvelheem
since 20222.328.225.870
Show 2 more locations
Heuvelheem
since 20222.329.294.355
Place unique
since 20262.386.481.201
8 parcels
Flanders
8
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45508A0119/00M000 | Flanders | 7,540 m² | 1 · 2,139 m² | 6.6 m · 1 fl. |
| 45053A0285/00S000 | Flanders | 4,777 m² | 1 · 1,258 m² | 10.4 m · 1 fl. |
| 45035A0184/00K006 | Flanders | 2,153 m² | 1 · 955 m² | 10.8 m · 2 fl. |
| 45504A0329/00C000 | Flanders | 1,703 m² | 1 · 676 m² | 16.8 m · 4 fl. |
| 45508A0347/00B003 | Flanders | 1,645 m² | 1 · 386 m² | 13.5 m · 3 fl. |
| 45508B0162/00K000 | Flanders | 1,295 m² | 1 · 189 m² | - |
| 45035B0075/00B000 | Flanders | 638 m² | 1 · 607 m² | 17.4 m · 4 fl. |
| 45035B0899/00A000 ProtectedMonument · Townscape or village viewBoudewijnstoren en Huis van Margaretha van ParmaSource ↗ |
Flanders | 392 m² | 1 · 246 m² | 19.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 7
8 of 8 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
4 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 26 entries · 17,044,738 EUR awarded · 16,915,844 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 6 | 2,467,591 EUR | 2,481,598 EUR |
| 2024 | 7 | 2,374,242 EUR | 2,391,700 EUR |
| 2023 | 5 | 2,614,111 EUR | 2,579,422 EUR |
| 2022 | 8 | 9,588,794 EUR | 9,463,124 EUR |
Schemes
Persoonsvolgend budget voor personen met een handicap (PVB)
Subsidies jeugdhulp
Subsidie voor klimaat
Individueel Maatwerk
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Show 6 more
Subsidie voor alternatieve financiering personen met een handicap
Vlaams opleidingsverlof (VOV)
Onderzoekspremie voor beschermde monumenten en landschappen
Jongerenbonus
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesKruisem2.143.623.190
Oudenaarde2.143.623.289
Care and welfare
4 services · 1 liveHeuvelheem
Heuvelheem
Heuvelheem
Heuvelheem
Dual-learning approval
4 live approvals · 15 endedBasiszorg en ondersteuning duaal (so)
Basiszorg en ondersteuning duaal (so)
Verzorgende/Zorgkundige duaal (so)
Verzorgende/Zorgkundige duaal (so)
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Of 323 companies in sector 87202 we hold annual accounts for 274. 195 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded13-04-1973
Fiscal year end31-12
Activities, NACEBEL
85314
87202Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.