Heynsquared
ActiveHeynsquared has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-24k) and a net result of €16k. Equity is shrinking by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 13% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.55 against 1.47 in 2022; short-term debt: 23.4% and cash: 19.7% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-43.1%
Return on assets
28.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 26043 sector peers (2024).
NBB · sector comparisonPosition among 26043 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
82 d late
2022
143 d late
2021
31 d late
2020
43 d early
2019
42 d early
2018
9 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-24k▼ 40.5%
2022 · €-17k
2018: €40k
2019: €42k
2020: €46k
2021: €43k
2022: €-17k
2018 → 2024
Total assets
€56k▲ 29.0%
2022 · €44k
2018: €71k
2019: €66k
2020: €80k
2021: €91k
2022: €44k
2018 → 2024
Net result
€16k
2022 · €-61k
2018: €275
2019: €2k
2020: €4k
2021: €-3k
2022: €-61k
2018 → 2024
Working capital
€34k▲ 345%
2022 · €8k
2018: €31k
2019: €36k
2020: €37k
2021: €33k
2022: €8k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Equity€42k-€46k▲ 9.4%€43k▼ 6.2%€-17k€-24k▼ 40.5%
Operating result€4k-€7k▲ 56.2%€-341€-57k▼ 16,650%€19k
Net result€2k-€4k▲ 71.3%€-3k€-61k▼ 2,007%€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €19k in 2024, compared with €-57k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €56k
Fixed assets
€10k▼ 52.6%
Current assets
€47k▲ 98.9%
Key figures and ratios
EBITDA
€23k▲
2022 · €-52k
Cash flow
€21k▲
2022 · €-55k
Solvency
-43.1%▼
2022 · -39.6%
Current ratio
3.55▲
2022 · 1.47
Quick ratio
2.47▲
2022 · 0.71
Debt / equity
-3.32▲
2022 · -3.52
ROA
28.8%▲
2022 · -138.8%
Interest coverage
6.88▲
2022 · -14.94
Debt
€81k▲
2022 · €61k
Debt ≤ 1 year
€13k▼
2022 · €16k
Debt > 1 year
€68k▲
2022 · €45k
Staff costs
€118▼
2022 · €468
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 · 2024 against 2022
Balance sheet
Code20222024
Assets
Total assets20/58€44k€56k▲
Fixed assets21/28€20k€10k▼
Tangible fixed assets22/27€15k€5k▼
Land and buildings22€242€0▼
Plant, machinery and equipment23€4k€1k▼
Furniture and vehicles24€11k€4k▼
Financial fixed assets28€5k€5k▼
Current assets29/58€24k€47k▲
Stocks and contracts in progress3€12k€14k▲
Stocks30/36€12k€14k▲
Amounts receivable within one year40/41€10k€21k▲
Trade receivables40€8k€5k▼
Other amounts receivable41€2k€16k▲
Cash at bank and in hand54/58€1k€11k▲
Deferred charges and accrued income490/1€188€452▲
Equity and liabilities
Total equity and liabilities10/49€44k€56k▲
Equity10/15€-17k€-24k▼
Contributions10/11€6k€6k=
Reserves13€37k€37k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€36k€36k=
Profit (loss) carried forward14€-61k€-68k▼
Amounts payable17/49€61k€81k▲
Amounts payable after more than one year17€45k€68k▲
Financial debts170/4€45k€68k▲
Amounts payable within one year42/48€16k€13k▼
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€6k€7k▲
Other amounts payable47/48€5k€4k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20222024
Remuneration, social security and pensions62€468€118▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0
Other operating charges640/8€657€1k▲
Gross operating margin9900€-51k€25k▲
Operating profit (loss)9901€-57k€19k▲
Financial income75/76B€0€701▲
Recurring financial income75€0€701▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-61k€16k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-61k€16k▲
Profit (loss) for the period to be appropriated9905€-61k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-61k€-68k▼
Profit (loss) brought forward from the previous period14P€-309€-84k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 82 days late
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.55
Current ratio from 1.47 to 3.55; short-term debt falls from €16k to €13k.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 143 days late
2022
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maldegem · 1 establishment unit since 2016
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.
Vliegplein 399991 MaldegemGround area
4,958 m²
Building footprint
4,747 m²
Volume, LiDAR
6,981 m³
Parcel 43001H1166/00F000, Flanders · tallest building 8.6 m. Linked by address, not a title deed.
1 establishment unit
Heyn²
since 20162.256.355.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001H1166/00F000 | Flanders | 4,958 m² | 1 · 4,747 m² | 8.6 m |
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.
Similar companies · same sector, comparable size
VINEASTE
BE 0447.179.106
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Boischéri
BE 0778.360.464
Elsene · Eq €43k
S&S Drinks
BE 0804.215.518
Asse · Eq €42k
Pizza E Vino
BE 0749.568.290
Wingene · Eq €44k
WTB
BE 0793.683.791
Brecht · Eq €44k
Of 1,508 companies in sector 47252 we hold annual accounts for 651. 438 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-09-2014
Fiscal year end31-12
Activities, NACEBEL
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:jan.heyneman@icloud.com
Phone:+32478471750