Heyendael
ActiveSummary
Heyendael has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91,489 and a net result of €25,034. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 7598 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+93
Solvency95▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 3.29 against 2.61 in 2024; short-term debt: 29.8% and cash: 24.7% of total assets), and 29.8% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
70.2%
Return on assets
19.2%
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
49 d late
2023
112 d late
2022
64 d late
2021
78 d late
2020
159 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 81 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 3 October (4 of the last 5 filed years within 49 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Equity
€91,489▲ 37.7%
2024 · €66,455
Total assets
€130,380▲ 23.3%
2024 · €105,730
Net result
€25,034
2024 · -€76,181
Working capital
€89,001▲ 41.1%
2024 · €63,071
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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€33,070€5,677▼ 82.8%€99,200▲ 1,647%-€75,298€31,744
Net result€21,148within the sector's middle half-€19,448below the sector's middle half€78,286above the sector's middle half-€76,181below the sector's middle half€25,034within the sector's middle half
Equity€83,798within the sector's middle half▲ 33.8%€64,350within the sector's middle half▼ 23.2%€142,636above the sector's middle half▲ 122%€66,455within the sector's middle half▼ 53.4%€91,489within the sector's middle half▲ 37.7%
Total assets€105,034within the sector's middle half▼ 27.5%€213,451within the sector's middle half▲ 103%€218,270within the sector's middle half▲ 2.3%€105,730within the sector's middle half▼ 51.6%€130,380within the sector's middle half▲ 23.3%
Debt€21,236▼ 74.2%€149,101▲ 602%€75,634▼ 49.3%€39,275▼ 48.1%€38,891▼ 1.0%
Working capital€80,636above the sector's middle half▲ 39.8%€54,985within the sector's middle half▼ 31.8%€135,833above the sector's middle half▲ 147%€63,071within the sector's middle half▼ 53.6%€89,001above the sector's middle half▲ 41.1%
Solvency79.8%above the sector's middle half▲ 36.5pp30.1%within the sector's middle half▼ 49.6pp65.3%above the sector's middle half▲ 35.2pp62.9%within the sector's middle half▼ 2.5pp70.2%above the sector's middle half▲ 7.3pp
Current ratio4.80above the sector's middle half▲ 3.101.37within the sector's middle half▼ 3.432.80within the sector's middle half▲ 1.432.61within the sector's middle half▼ 0.193.29above the sector's middle half▲ 0.68
Return on assets (ROA)20.1%above the sector's middle half▲ 30.4pp-9.1%below the sector's middle half▼ 29.2pp35.9%above the sector's middle half▲ 45.0pp-72.1%below the sector's middle half▼ 107.9pp19.2%within the sector's middle half▲ 91.3pp
Staff (FTE)11=1=
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
The operating result returns to profit in 2025: €31,744 after a loss of €75,298 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130,380
Fixed assets
€2,488 ▼ 26.5%
Current assets
€127,892 ▲ 25.0%
Equity and liabilities €130,380
Equity
€91,489 ▲ 37.7%
Debt
€38,891 ▼ 1.0%
Debt's share of the balance-sheet total falls from 37.1% to 29.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32,961▲
2024 · -€73,998
Cash flow
€26,251▲
2024 · -€74,881
Debt to equity
0.43▼
2024 · 0.59
ROE
27.4%▲
2024 · -114.6%
Interest coverage
52.42▲
2024 · -92.73
Debt ≤ 1 year
€38,891▼
2024 · €39,275
Income taxes
€6,252▲
2024 · €140
Staff costs
€37,311▲
2024 · €32,213
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% 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
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% 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 34,696 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 | - | - | - | €1,500 | - | - |
| Remuneration, social security and pensions62 | - | - | €15,295 | €32,213 | €37,311 | ▲ 15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,823 | €2,697 | €2,562 | €1,300 | €1,217 | ▼ 6.4% |
| Other operating charges640/8 | €1,684 | €3,247 | €3,341 | €4,109 | €3,189 | ▼ 22.4% |
| Gross operating margin9900 | €36,577 | €11,621 | €120,398 | -€37,676 | €73,461 | ▲ 295% |
| Operating profit (loss)9901 | €33,070 | €5,677 | €99,200 | -€75,298 | €31,744 | ▲ 142% |
| Financial income75/76B | €375 | €360 | €45 | €54 | €170 | ▲ 217% |
| Recurring financial income75 | €375 | €360 | €45 | €54 | €170 | ▲ 217% |
| Financial charges65/66B | €2,441 | €25,117 | €1,212 | €798 | €629 | ▼ 21.2% |
| Recurring financial charges65 | €2,441 | €1,758 | €1,212 | €798 | €629 | ▼ 21.2% |
| Non-recurring financial charges66B | - | €23,360 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €31,004 | -€19,080 | €98,034 | -€76,042 | €31,286 | ▲ 141% |
| Income taxes67/77 | €9,856 | €368 | €19,748 | €140 | €6,252 | ▲ 4,381% |
| Profit (loss) for the period9904 | €21,148 | -€19,448 | €78,286 | -€76,181 | €25,034 | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | €21,148 | -€19,448 | €78,286 | -€76,181 | €25,034 | ▲ 133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,034 | €213,451 | €218,270 | €105,730 | €130,380 | ▲ 23.3% |
| Fixed assets21/28 | €3,162 | €9,365 | €6,803 | €3,384 | €2,488 | ▼ 26.5% |
| Tangible fixed assets22/27 | €3,162 | €9,365 | €6,803 | €2,999 | €1,782 | ▼ 40.6% |
| Plant, machinery and equipment23 | €2,362 | €1,339 | €557 | €237 | - | - |
| Furniture and vehicles24 | €800 | €8,026 | €6,246 | €2,762 | €1,782 | ▼ 35.5% |
| Financial fixed assets28 | - | - | - | €385 | €706 | ▲ 83.4% |
| Current assets29/58 | €101,872 | €204,086 | €211,467 | €102,346 | €127,892 | ▲ 25.0% |
| Amounts receivable within one year40/41 | €78,883 | €158,209 | €69,325 | €47,993 | €95,645 | ▲ 99.3% |
| Trade receivables40 | €67,556 | €140,098 | €61,450 | €41,534 | €86,914 | ▲ 109% |
| Other amounts receivable41 | €11,327 | €18,110 | €7,875 | €6,459 | €8,731 | ▲ 35.2% |
| Cash at bank and in hand54/58 | €19,689 | €9,968 | €132,950 | €52,420 | €32,247 | ▼ 38.5% |
| Deferred charges and accrued income490/1 | €3,299 | €35,910 | €9,192 | €1,933 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,034 | €213,451 | €218,270 | €105,730 | €130,380 | ▲ 23.3% |
| Equity10/15 | €83,798 | €64,350 | €142,636 | €66,455 | €91,489 | ▲ 37.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €25,654 | €25,654 | €25,654 | €25,654 | €25,654 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €23,794 | €23,794 | €23,794 | €23,794 | €23,794 | = |
| Profit (loss) carried forward14 | €51,944 | €32,496 | €110,782 | €34,600 | €59,635 | ▲ 72.4% |
| Amounts payable17/49 | €21,236 | €149,101 | €75,634 | €39,275 | €38,891 | ▼ 1.0% |
| Amounts payable within one year42/48 | €21,236 | €149,101 | €75,634 | €39,275 | €38,891 | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | €8,254 | - | - | - | - |
| Trade debts44 | €2,124 | €117,708 | €39,726 | €11,882 | €24,848 | ▲ 109% |
| Suppliers440/4 | €2,124 | €117,708 | €39,726 | €11,882 | €24,848 | ▲ 109% |
| Taxes, remuneration and social security45 | €10,175 | €11,722 | €23,300 | €24,161 | €5,136 | ▼ 78.7% |
| Taxes450/3 | €10,175 | €11,722 | €20,499 | €20,505 | €1,076 | ▼ 94.8% |
| Remuneration and social security454/9 | - | - | €2,801 | €3,656 | €4,060 | ▲ 11.1% |
| Other amounts payable47/48 | €8,937 | €11,418 | €12,609 | €3,233 | €8,907 | ▲ 176% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,148 | -€19,448 | €78,286 | -€76,181 | €25,034 | ▲ 133% |
| + Depreciation and write-downs630 | €1,823 | €2,697 | €2,562 | €1,300 | €1,217 | ▼ 6.4% |
| Operating cash flow (approximation) | €22,971 | -€16,751 | €80,848 | -€74,881 | €26,251 | ▲ 135% |
| Investment in fixed assets (approximation) | - | -€8,900 | €0 | €2,119 | -€321 | ▼ 115% |
| Change in cash | - | -€9,722 | €122,983 | -€80,530 | -€20,173 | ▲ 75.0% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €25,034
Net result €25,034 after one loss-making year.
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
31-12
Financial
Weakest financial yearnet -€76,181
Net result drops to -€76,181, the lowest in the series; recovery starts the following year.
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 112 days late
2023
31-12
Financial
Back to profitnet €78,286
Net result €78,286 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.80
Current ratio from 1.37 to 2.80; short-term debt falls from €149,101 to €75,634.
31-12
Financial
Equity above €100,000Eq €142,636 ▲122%
Equity rises from €64,350 to €142,636.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 159 days late
2021
31-12
Financial
Back to profitnet €21,148
Net result €21,148 after one loss-making year.
Show earlier events
31-12
Financial
Liquidity triplescurrent ratio 4.80
Current ratio from 1.70 to 4.80; short-term debt falls from €82,174 to €21,236.
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
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.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2016
Ground area
1,491 m²
Building footprint
984 m²
Volume, LiDAR
7,216 m³
Parcel 11463D0325/00K002, Flanders · tallest building 8.2 m, ±3 floors. Linked by address, not a title deed.
314
companies at this address
See who is registered here
1 establishment unit
Heyendael
since 20162.252.891.910
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0325/00K002 | Flanders | 1,491 m² | 1 · 984 m² | 8.2 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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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 13,179 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
Founded13-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0653990331
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.