HEYLEN PROJECTS
ActiveHEYLEN PROJECTS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €173k and a net result of €-14k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▼-38
Solvency46▼-14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.06 in 2024; short-term debt: 47.1% and cash: 0% of total assets), and 79% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
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 21-04-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
155 d early
2023
43 d early
2022
10 d late
2021
26 d late
2020
31 d late
2019
53 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€173k▼ 7.5%
2024 · €187k
2018: €88k
2019: €105k
2020: €122k
2021: €153k
2022: €164k
2023: €180k
2024: €187k
2018 → 2025
Total assets
€821k▲ 55.0%
2024 · €530k
2018: €624k
2019: €624k
2020: €576k
2021: €553k
2022: €513k
2023: €512k
2024: €530k
2018 → 2025
Net result
€-14k
2024 · €6k
2018: €14k
2019: €17k
2020: €18k
2021: €31k
2022: €11k
2023: €16k
2024: €6k
2018 → 2025
Working capital
€-380k▼ 29.9%
2024 · €-292k
2018: €-221k
2019: €-256k
2020: €-259k
2021: €-262k
2022: €-256k
2023: €-253k
2024: €-292k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€153k-€164k▲ 7.2%€180k▲ 10.0%€187k▲ 3.6%€173k▼ 7.5%
Operating result€51k-€24k▼ 52.9%€28k▲ 16.4%€15k▼ 44.9%€22k▲ 40.7%
Net result€31k-€11k▼ 63.9%€16k▲ 48.2%€6k▼ 60.4%€-14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €821k
Fixed assets
€814k▲ 58.9%
Current assets
€7k▼ 59.7%
Equity and liabilities €821k
Equity
€173k▼ 7.5%
Debt
€648k▲ 89.1%
The debt ratio rises from 64.7% to 79.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€67k▲
2024 · €54k
Cash flow
€32k▼
2024 · €45k
Solvency
21.0%▼
2024 · 35.3%
Current ratio
0.02▼
2024 · 0.06
Quick ratio
0.02▼
2024 · 0.06
Debt / equity
3.76▲
2024 · 1.84
ROE
-8.1%▼
2024 · 3.5%
ROA
-1.7%▼
2024 · 1.2%
Interest coverage
1.89▼
2024 · 6.30
Debt
€648k▲
2024 · €343k
Debt ≤ 1 year
€387k▲
2024 · €310k
Debt > 1 year
€240k▲
2024 · €23k
Income taxes
€0▼
2024 · €472
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€530k€821k▲
Fixed assets21/28€512k€814k▲
Tangible fixed assets22/27€512k€814k▲
Land and buildings22€512k€814k▲
Current assets29/58€17k€7k▼
Amounts receivable within one year40/41€13k€7k▼
Trade receivables40€12k€5k▼
Other amounts receivable41€658€2k▲
Cash at bank and in hand54/58€5k€0▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€530k€821k▲
Equity10/15€187k€173k▼
Contributions10/11€6k€6k=
Reserves13€180k€166k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€178k€164k▼
Amounts payable17/49€343k€648k▲
Amounts payable after more than one year17€23k€240k▲
Financial debts170/4€23k€240k▲
Amounts payable within one year42/48€310k€387k▲
Current portion of amounts payable after more than one year42€28k€18k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€65k€4k▼
Suppliers440/4€65k€4k▼
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€7k€7k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€208k€358k▲
Accrued charges and deferred income492/3€11k€22k▲
Income statement
Code20242025
Non-recurring operating income76A-€87
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€46k▲
Other operating charges640/8€11k€11k▲
Gross operating margin9900€64k€78k▲
Operating profit (loss)9901€15k€22k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€8k€36k▲
Recurring financial charges65€8k€36k▲
Profit (loss) for the period before taxes9903€7k€-14k▼
Income taxes67/77€472€0▼
Profit (loss) for the period9904€6k€-14k▼
Profit (loss) for the period to be appropriated9905€6k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-14k▼
Transfer from equity791/2-€14k
Transfer to equity691/2€6k€0▼
To other reserves6921€6k€0▼
The notes to these accounts (14 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
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
19-03
State Gazette act
RestructuringMerger · Accounting effect · Corporate purpose4 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Corporate purpose4 facts ▸
- Merger, gelijkgestelde verrichting
- Accounting effect, 1 januari 2026
- Corporate purpose, Het ontwerpen en de vervaardiging van metalen constructiewerken - De vervaardiging en montage van buiten- en binnen schrijnwerk in metaal: ramen, deuren, kozijn…
- Corporate purpose, het ontwerpen en de vervaardiging van metalen constructiewerken; de vervaardiging en montage van buiten- en binnen schrijnwerk in metaal: ramen, deuren, kozijne…
2025
31-12
Financial
Weakest financial yearnet €-14k ▼317%
Net result drops to €-14k, the lowest in the series.
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €31k ▲72.8%
Operating result €51k, net result €31k, both a record.
31-12
Financial
Equity above €150kEq €153k ▲24.9%
4 profitable years in a row build equity to €153k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Equity above €100kEq €105k ▲19.7%
2 profitable years in a row build equity to €105k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zonhoven · 1 establishment unit since 2007
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.
Beverzakbroekweg 993520 ZonhovenGround area
2,540 m²
Building footprint
343 m²
Volume, LiDAR
1,759 m³
Parcel 71443F0712/00P000, Flanders · tallest building 16.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HEYLEN PROJECTS
since 20072.164.929.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443F0712/00P000 | Flanders | 2,540 m² | 1 · 343 m² | 16.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
Acquisitions and mergers
1 transactionTook over:HEYLEN METAALWERKEN
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 4,186 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-08-2007
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
70203
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
68201Renting and operating of own or leased residential real estate, excluding social housing
70201
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@heylen.net