Equity
HEYFEVER paid out €22,500 in dividends. That is 11% of the 2025 profit.
HEYFEVER paid out €22,500 in dividends. That is 11% of the 2025 profit.
Turnover rose in 2025 from €465,411 to €1.3m.
Debts rose by €127,051 in 2025.
Green is investment, beige is depreciation.
HEYFEVER pays its suppliers 52 days earlier than in 2024. Customers pay 61 days earlier.
The last three annual accounts were filed 0 to 2 days before the end of the period.
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 82, micro). It does better than 50% of them on solvency, 71% on liquidity, 87% on profitability and 94% on growth.
The bankruptcy probability was computed on 07-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 3,127 companies had the same profile as HEYFEVER has now. Each dot stands for 8 companies, two years later.
That fits the bankruptcy probability of HEYFEVER itself: < 0.1% within 12 months.
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 3,127 companies, not a prediction for HEYFEVER. 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.
Liquidity is ample, with a current ratio of 2.09 (1.7 in 2024), above the usual 1.5. Short-term debt is 46.7% and cash 71.9% of total assets. However, 51.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 1 day before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| HEYFEVER Antwerp | €1.3m | 20.2% | 48.4% | - |
| AdaptX Kontich | €2.5m | 6.1% | 16.4% | 11.4 |
| AQUILAURUS Beauraing | €0.8m | 20.8% | 54.2% | - |
| DB BUSINESS PROSPECT Charleroi | €0.6m | 20.9% | 7.6% | - |
| BEGLOBAL Ghent | €1.4m | 10.2% | 41.6% | 20 |
| FORMANAC Thuin | €0.6m | 41.4% | 72.8% | - |
| The Marc Ceusters Company Diest | €0.4m | 74.1% | 98.1% | - |
Grey: the largest companies of the sector (office administrative support (NACE 82)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as HEYFEVER: other business support services (NACE 82990). They are comparable in size and age: total assets between €396,000 and €694,000, founded between 2022 and 2023.
HEYFEVER has existed since 2023. The present size dates from 2025. Turnover rose that year from €465,411 to €1.3m.
Solvency rose in 2025 from 38.4% to 48.4% because of the retained profit.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 53% of 1,167 companies in 2025.
Higher than 61% of 1,124 companies in 2025.
Higher than 94% of 1,156 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
619,935 | 312,552 | 68,125 | |
21/28 |
13,506 | 1,465 | - | |
22/27 |
9,506 | 1,465 | - | |
22 |
8,170 | - | - | |
23 |
1,336 | 1,465 | - | |
28 |
4,000 | - | - | |
280/1 |
4,000 | - | - | |
280 |
4,000 | - | - | |
29/58 |
606,429 | 311,087 | 68,125 | |
40/41 |
139,419 | 171,489 | 22,284 | |
40 |
68,925 | 101,381 | 22,284 | |
41 |
70,495 | 70,109 | - | |
54/58 |
445,979 | 101,281 | 45,342 | |
490/1 |
21,031 | 38,317 | 499 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
619,935 | 312,552 | 68,125 | |
10/15 |
300,289 | 119,956 | 50,899 | |
10/11 |
4,000 | 4,000 | 4,000 | |
13 |
296,289 | 115,956 | 46,899 | |
133 |
296,289 | 115,956 | 46,899 | |
17/49 |
319,646 | 192,595 | 17,226 | |
42/48 |
289,800 | 183,116 | 17,226 | |
44 |
208,142 | 127,531 | 2,130 | |
440/4 |
208,142 | 127,531 | 2,130 | |
46 |
- | 25,150 | - | |
45 |
81,658 | 30,435 | 14,903 | |
450/3 |
81,658 | 30,435 | 14,903 | |
47/48 |
- | - | 193 | |
492/3 |
29,846 | 9,479 | - | |
| Income statement | ||||
70/76A |
1.3m | 466,606 | - | |
70 |
1.3m | 465,411 | - | |
74 |
4,724 | 1,195 | - | |
9900 |
- | - | 58,943 | |
60/66A |
1.1m | 378,166 | - | |
60 |
793,636 | 117,367 | - | |
600/8 |
793,636 | 117,367 | - | |
61 |
278,688 | 259,989 | - | |
630 |
1,156 | 649 | - | |
640/8 |
392 | 161 | 76 | |
9901 |
270,567 | 88,440 | 58,867 | |
75/76B |
427 | 522 | - | |
75 |
427 | 522 | - | |
752/9 |
427 | 522 | - | |
65/66B |
5,026 | 1,401 | 37 | |
65 |
5,026 | 1,401 | 37 | |
650 |
4,285 | 737 | - | |
652/9 |
741 | 665 | - | |
9903 |
265,968 | 87,561 | 58,831 | |
67/77 |
63,135 | 18,503 | 11,932 | |
670/3 |
63,135 | 18,503 | - | |
9904 |
202,832 | 69,057 | 46,899 | |
9905 |
202,832 | 69,057 | 46,899 | |
| Appropriation of the result | ||||
9906 |
202,832 | 69,057 | 46,899 | |
791/2 |
22,500 | - | - | |
792 |
22,500 | - | - | |
691/2 |
202,832 | 69,057 | 46,899 | |
6921 |
202,832 | 69,057 | 46,899 | |
694/7 |
22,500 | - | - | |
694 |
22,500 | - | - | |
| Document | ||||
The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 271,723 | 89,089 | - | ||
| 203,989 | 69,706 | - | ||
| 13,197 | 2,114 | - | ||
| 344,698 | 55,939 | - | ||
| 316,629 | 127,971 | 50,899 | ||
| 20.2% | 19.0% | - | ||
| 48.4% | 38.4% | 74.7% | ||
| 2.09 | 1.70 | 3.95 | ||
| 1.06 | 1.61 | 0.34 | ||
| 67.5% | 57.6% | 92.1% | ||
| 32.7% | 22.1% | 68.8% | ||
| 63.41 | over 100 | - | ||
| 19 days | 80 days | - | ||
| 71 days | 123 days | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €9,197 | €2,114 | - |
| Financial fixed assets | €4,000 | - | - |
| €1,156 | €649 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is nearly 3.1 times that of 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 61.6% to 51.6%. Equity and debt are higher.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| HAMFAM58
registered office since 30-12-2024 · founded in 2024 |
total assets €165,668 (2025) 1018.042.615 |
| HeyBio
registered office since 28-02-2024 · founded in 2024 · negative equity (2025) |
total assets €16,776 (2025) 1006.542.373 |
| Power Micro
registered office since 07-09-2026 |
founded in 2026 1042.162.654 |
The network starts from the directors of HEYFEVER. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Strijdhoflaan 58 registered office 2600 Antwerp 1813001 Pre-press and pre-media services | 19-07-2023 | 2.348.474.324 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11303C0242/00P002 | 294 m² | 1 · 113 m² | 11.2 m · 3 |
If something looks wrong or is missing, please tell us.