Heynsquared
Annual accounts 2024
micro format, filed on 21-10-2025, 82 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 6 November 2026.
Gross margin
€24,605
Operating result
€18,942
Profit
€16,240
Working capital
€33,632
Solvency
-43.1%
Current ratio
3.55
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €400,000. Estimated: probably between €190,000 and €820,000.
Balance sheet
balance sheet total €56,363 on 31-12-2024What the company ownsHow it is paid for
Change in equity
Change in cash
Position in the sector
Solvency-43.1%
Higher than 13% of 25,561 companies in 2024.
Current ratio3.55
Higher than 81% of 24,617 companies in 2024.
Return on assets28.8%
Higher than 91% of 24,786 companies in 2024.
Heynsquared
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
Total assets20/58 |
56,363 | 43,682 | 91,131 | 79,811 | 66,316 | 70,542 | 59,235 | 62,871 | 75,261 | |
Fixed assets21/28 |
9,558 | 20,148 | 13,479 | 11,561 | 6,459 | 8,710 | 13,495 | 16,342 | 3,824 | |
Tangible fixed assets22/27 |
4,683 | 15,183 | 8,514 | 6,596 | 6,369 | 7,370 | 12,155 | 15,002 | 3,734 | |
Land and buildings22 |
0 | 242 | 540 | 837 | 1,134 | 1,437 | 1,414 | 1,768 | - | |
Plant, machinery and equipment23 |
1,097 | 3,868 | 5,648 | 3,724 | 4,178 | 3,997 | 7,443 | 9,907 | 1,031 | |
Furniture and vehicles24 |
3,586 | 11,073 | 2,326 | 2,036 | 1,057 | 1,935 | 3,298 | 3,328 | 2,703 | |
Financial fixed assets28 |
4,875 | 4,965 | 4,965 | 4,965 | 90 | 1,340 | 1,340 | 1,340 | 90 | |
Current assets29/58 |
46,805 | 23,534 | 77,652 | 68,250 | 59,857 | 61,833 | 45,740 | 46,529 | 71,437 | |
Stocks and contracts in progress3 |
14,204 | 12,174 | 40,223 | 28,998 | 33,600 | 19,556 | 16,529 | 8,586 | 5,946 | |
Stocks30/36 |
14,204 | 12,174 | 40,223 | 28,998 | 33,600 | 19,556 | 16,529 | 8,586 | 5,946 | |
Amounts receivable within one year40/41 |
21,028 | 9,999 | 17,581 | 11,194 | 18,302 | 15,760 | 15,647 | 24,663 | 24,734 | |
Trade receivables40 |
5,224 | 8,199 | 17,579 | 11,194 | 17,571 | 15,024 | 14,300 | 24,663 | 24,724 | |
Other amounts receivable41 |
15,804 | 1,800 | 2 | - | 731 | 736 | 1,346 | - | 10 | |
Cash at bank and in hand54/58 |
11,121 | 1,172 | 19,469 | 27,742 | 7,727 | 24,278 | 12,536 | 13,279 | 40,758 | |
Deferred charges and accrued income490/1 |
452 | 188 | 380 | 316 | 228 | 2,239 | 1,028 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||
Total equity and liabilities10/49 |
56,363 | 43,682 | 91,131 | 79,811 | 66,316 | 70,542 | 59,235 | 62,871 | 75,261 | |
Equity10/15 |
-24,311 | -17,302 | 43,323 | 46,201 | 42,248 | 39,940 | 39,665 | 32,834 | 25,731 | |
Contributions10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
Issued capital100 |
- | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
Uncalled capital101 |
- | - | - | - | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | |
Reserves13 |
37,432 | 37,432 | 37,432 | 37,432 | 33,479 | 33,479 | 33,465 | 26,634 | 19,531 | |
Non-distributable reserves130/1 |
1,471 | 1,471 | 1,471 | 1,471 | - | - | - | - | - | |
Legal reserve130 |
- | - | - | - | 1,471 | 1,471 | 1,458 | 1,458 | 1,069 | |
Reserves not available under the articles1311 |
1,471 | 1,471 | 1,471 | 1,471 | - | - | - | - | - | |
Distributable reserves133 |
35,961 | 35,961 | 35,961 | 35,961 | 32,008 | 32,008 | 32,008 | 25,176 | 18,462 | |
Profit (loss) carried forward14 |
-67,943 | -60,934 | -309 | 2,569 | 2,569 | 261 | - | - | - | |
Amounts payable17/49 |
80,673 | 60,984 | 47,808 | 33,611 | 24,068 | 30,602 | 19,569 | 30,037 | 49,530 | |
Amounts payable after more than one year17 |
67,500 | 45,000 | - | - | - | - | - | - | - | |
Financial debts170/4 |
67,500 | 45,000 | - | - | - | - | - | - | - | |
Amounts payable within one year42/48 |
13,173 | 15,984 | 44,987 | 31,580 | 23,436 | 30,602 | 18,109 | 24,190 | 48,777 | |
Trade debts44 |
1,909 | 5,138 | 4,709 | 5,647 | 1,435 | 1,187 | 69 | 5,843 | 36,284 | |
Suppliers440/4 |
1,909 | 5,138 | 4,709 | 5,647 | 1,435 | 1,187 | 69 | 5,843 | 36,284 | |
Taxes, remuneration and social security45 |
7,026 | 5,781 | 14,097 | 14,500 | 10,464 | 2,730 | 15,719 | 17,515 | 10,962 | |
Taxes450/3 |
7,026 | 5,781 | 14,097 | 14,500 | 10,464 | 2,730 | 15,719 | 17,515 | 10,962 | |
Other amounts payable47/48 |
4,238 | 5,065 | 26,181 | 11,433 | 11,537 | 26,685 | 2,321 | 831 | 1,531 | |
Accrued charges and deferred income492/3 |
- | 0 | 2,821 | 2,031 | 632 | - | 1,461 | 5,848 | 753 | |
| Income statement | ||||||||||
Gross operating margin9900 |
24,605 | -50,705 | 7,303 | 10,500 | 16,693 | 13,595 | 21,260 | 44,136 | 38,805 | |
Remuneration, social security and pensions62 |
118 | 468 | 2,010 | 527 | 2,079 | 1,604 | 1,400 | 857 | 223 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
4,485 | 5,327 | 3,387 | 2,354 | 5,447 | 5,497 | 7,391 | 9,136 | 3,767 | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
0 | - | - | - | - | - | - | - | - | |
Other operating charges640/8 |
1,060 | 657 | 2,247 | 708 | 4,741 | 4,898 | 792 | 22,602 | 1,392 | |
Operating profit (loss)9901 |
18,942 | -57,156 | -341 | 6,911 | 4,425 | 1,595 | 11,676 | 11,540 | 33,423 | |
Financial income75/76B |
701 | 0 | 409 | - | - | 110 | 9 | 12 | 110 | |
Recurring financial income75 |
701 | 0 | 409 | - | - | 110 | 9 | 12 | 110 | |
Financial charges65/66B |
3,404 | 3,469 | 2,098 | 416 | 152 | 472 | 234 | 5 | 97 | |
Recurring financial charges65 |
3,404 | 3,469 | 2,098 | 416 | 152 | 472 | 234 | 5 | 97 | |
Profit (loss) for the period before taxes9903 |
16,240 | -60,625 | -2,030 | 6,496 | 4,274 | 1,234 | 11,451 | 11,548 | 33,436 | |
Income taxes67/77 |
- | 0 | 847 | 2,543 | 1,966 | 959 | 4,619 | 4,445 | 13,905 | |
Profit (loss) for the period9904 |
16,240 | -60,625 | -2,877 | 3,953 | 2,307 | 275 | 6,832 | 7,102 | 19,531 | |
Profit (loss) for the period to be appropriated9905 |
16,240 | -60,625 | -2,877 | 3,953 | 2,307 | 275 | 6,832 | 7,102 | 19,531 | |
| Appropriation of the result | ||||||||||
Profit (loss) to be appropriated9906 |
-67,943 | -60,934 | -309 | 6,522 | 2,569 | 275 | 6,832 | 7,102 | 19,531 | |
Profit (loss) brought forward from the previous period14P |
-84,182 | -309 | 2,569 | - | - | - | - | - | - | |
Transfer to equity691/2 |
- | - | - | 3,953 | - | 14 | 6,832 | 7,102 | 19,531 | |
To the legal reserve6920 |
- | - | - | - | - | 14 | - | 389 | 1,069 | |
To other reserves6921 |
- | - | - | 3,953 | - | - | 6,832 | 6,714 | 18,462 | |
| Document | ||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 21-10-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 21-10-2025 | 2025-00547642 | |
| 31-12-2022 | micro format | 21-12-2023 | 2023-00533428 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20424325 | |
| 31-12-2020 | micro format | 18-06-2021 | 2021-21500008 | |
| 31-12-2019 | micro format | 19-06-2020 | 2020-18800014 | |
| 31-12-2018 | micro format | 09-08-2019 | 2019-45000353 | |
| 31-12-2017 | micro format | 25-06-2018 | 2018-22100073 | |
| 31-12-2016 | micro format | 19-07-2017 | 2017-33600507 | |
| 31-12-2015 | abbreviated format | 27-06-2016 | 2016-24500531 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 23,427 | -51,829 | 3,046 | 9,265 | 9,873 | 7,092 | 19,068 | 20,676 | 37,190 | |
| Cash flow | 20,725 | -55,299 | 510 | 6,307 | 7,755 | 5,772 | 14,223 | 16,238 | 23,298 | |
| Investment in fixed assets | - | 11,996 | 5,304 | 7,456 | 4,447 | 929 | 4,544 | 21,654 | 7,591 | |
| Change in cash | - | -18,297 | -8,273 | 20,015 | -16,552 | 11,742 | -743 | -27,479 | - | |
| Working capital | 33,632 | 7,550 | 32,666 | 36,670 | 36,420 | 31,230 | 27,631 | 22,339 | 22,661 | |
| Solvency | -43.1% | -39.6% | 47.5% | 57.9% | 63.7% | 56.6% | 67.0% | 52.2% | 34.2% | |
| Current ratio | 3.55 | 1.47 | 1.73 | 2.16 | 2.55 | 2.02 | 2.53 | 1.92 | 1.46 | |
| Quick ratio | 2.47 | 0.71 | 0.83 | 1.24 | 1.12 | 1.38 | 1.61 | 1.57 | 1.34 | |
| Debt to equity | - | - | 1.10 | 0.73 | 0.57 | 0.77 | 0.49 | 0.91 | 1.92 | |
| ROE | - | - | -6.6% | 8.6% | 5.5% | 0.7% | 17.2% | 21.6% | 75.9% | |
| ROA | 28.8% | -138.8% | -3.2% | 5.0% | 3.5% | 0.4% | 11.5% | 11.3% | 26.0% | |
| Interest coverage | 6.88 | -14.94 | 1.45 | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Investments
fixed assets acquired| Item | 2024 | 2022 | 2021 |
|---|---|---|---|
| Tangible fixed assets | - | €11,996 | €5,304 |
| Depreciation and write-downs of the year | €4,485 | €5,327 | €3,387 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on Heynsquared
The operating result for 2024 is €18,942, against a loss of €57,156 in 2022. Comparable figures for the intervening years are unavailable.
Equity is negative. Debt (€80,673) exceeds the balance-sheet total (€56,363).