Equity
-€10,752
Debts exceed assets in financial year 2025.
Heyco
Lifetime
2 annual accounts with figures on one time axispeak €14,074 (2024)
-€8,312▼ €22,386
lowest -€10,477 (2025)
-€10,477▼ €21,410
peak -€275 (2024)
-€10,752▼ €10,477
€40,842▲ 584%
Board2 names since 2016
2 directorsHEYLEN Bert and 1 other
Documentsfilings and deeds
28-07-20263 days before the deadline
2025abbreviated format
Gross margin from €14,074 to -€8,312Loss of €10,477Equity from -€275 to -€10,752Debts from €5,969 to €40,842Investments €3,095
Key points
from the 2025 annual accountsDebts
€40,842 136% of the balance sheet
Investments
€3,095 3.3 × depreciation
Green is investment, beige is depreciation. Machinery stands 210.1% higher than in 2024.
Turnover not published (abbreviated or micro format)
Checked score
46
Fair
Financially stronger than 2% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.8%● unchanged vs 12-2024
02-2025: 1.7%▼ -0.1 percentage points vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025
06-2025: 1.7%● unchanged vs 05-2025
07-2025: 1.7%● unchanged vs 06-2025
08-2025: 1.3%▼ -0.4 percentage points vs 07-2025
09-2025: 1.3%● unchanged vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026lowest value
04-2026: 2.2%▲ +0.9 percentage points vs 03-2026
05-2026: 2.4%▲ +0.2 percentage points vs 04-2026
06-2026: 2.3%▼ -0.1 percentage points vs 05-2026
07-2026: 2.5%▲ +0.2 percentage points vs 06-2026
08-2026: 3.9%▲ +1.4 percentage points vs 07-2026highest value
09-2026: 3.9%● unchanged vs 08-2026highest value
10-2026: 3.9%● unchanged vs 09-2026highest value
11-2026: 3.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€10,752
Loss of €10,477 (financial year 2025)
1 change of registered office in 24 months
lowers risk
Size: total assets €30,090
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 43, micro). It does better than 3% of them on solvency, 1% on liquidity, 4% on profitability and 0% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as Heyco has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Heyco itself: 3.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for Heyco. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.66 (0.78 in 2024), below 1. Short-term debt is 135.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
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
2425
2024 to 2025 · latest year -€10,752
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 28-07-2026, 3 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
3 days early
2024
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 2 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Genk
New registered office: Kuilenstraat 47, 3600 Genk · Previous registered office: Onderwijslaan 11 bus 2, 3600 Genk · Appointment: Jill Kempenaers (director) · General meeting of 16-11-2025 · Gazette deed
Change of role: HEYLEN Bert, from manager to director
Legal-form conversion: from general partnership to private limited company · General meeting of 04-07-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0663567595
Registered office moved within Genk
New registered office: Onderwijslaan 11 bus 2, 3600 Genk · Previous registered office: Europalaan 112, 3600 Genk · “De studie en de uitvoering van alle mogelijke particuliere en openbare bouwwerken,als algemene aannemer of in…” (deed in Dutch) · General meeting of 02-01-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Heyco Genk | €30,090 | -€8,312 | -35.7% | - |
| M.M.T. Gyprocwerken Houthalen-Helchteren | €26,993 | -€11,108 | 24.3% | - |
| ATELIER Z Lokeren | €29,535 | -€5,952 | -165.6% | - |
| CVS WOODDESIGN Laakdal | €26,294 | -€28,643 | -118.7% | - |
| Demefo Essen | €25,535 | -€16,979 | -70.8% | - |
| BV BOIS Bassenge | €30,758 | -€2,117 | 65.1% | - |
| Schrijnwerken Wannes Haaltert | €24,933 | -€13,266 | 62.1% | - |
These companies have the same main activity as Heyco: joinery installation (NACE 43320). They are comparable in size and age: total assets between €24,900 and €30,800, founded between 2015 and 2018.
Official details
Source: KBO- Status
- Active since 28-09-2016Normal situation
- Activity
- Joinery installationNACE 43320and 4 others
- Establishment unit
- 2.258.158.6143600 Genk, since 01-10-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €30,090▲ 428%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on Heyco
The computed 12-month bankruptcy probability of Heyco is 3.9% (moderate). The 2025 annual accounts show negative equity (-€10,752) and a net result of -€10,477.
Its solvency ranks better than 5% of 9,967 sector peers (NACE 43, financial year 2025). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Heyco
- What is the company number of Heyco?
- The company number of Heyco is 0663.567.595. The VAT number is the same number with BE in front: BE 0663.567.595.
- Where is Heyco based?
- The registered office is at Onderwijslaan 11, 3600 Genk.Company details
- What does Heyco do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of Heyco?
- Heyco is a private limited company (BV).
- When was Heyco founded?
- Heyco was founded on 28-09-2016.
- Is Heyco still active?
- Yes, Heyco is an active enterprise in the KBO register.
- What is the turnover of Heyco?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is Heyco profitable?
- In financial year 2025, Heyco made a loss of €10,477.
- Where can I find the annual accounts of Heyco?
- Heyco filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Heyco due?
- Heyco must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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