Heyvaert & Co
ActiveThe file of Heyvaert & Co contains 1 judicial reorganisation, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 20.1% (high). The 2025 annual accounts show equity of €307k and a net result of €1.36M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 1865 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+95
Solvency41▲+41
Growth78▲+46
Track record60
Bankruptcy probability, 12 months
20.1%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity short (current ratio 0.82 against 0.21 in 2024; short-term debt: 63.4% and cash: 29.6% of total assets), and 83.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
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
16.2%
Return on assets
71.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1865 sector peers (2025).
NBB · sector comparisonPosition among 1865 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
1 d late
2023
29 d late
2022
31 d late
2021
61 d late
2020
31 d late
2019
63 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€307k
2024 · €-1.05M
2018: €11k
2019: €3k▼ -76.0% vs 2018
2020: €75k▲ +2635% vs 2019
2021: €43k▼ -43.0% vs 2020
2022: €-138k▼ -423% vs 2021
2023: €-409k▼ -197% vs 2022
2024: €-1.05M▼ -158% vs 2023lowest in 8 years
2025: €307k▲ +129% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.89M▲ 19.8%
2024 · €1.58M
2018: €1.96M
2019: €1.48M▼ -24.7% vs 2018lowest in 8 years
2020: €1.88M▲ +27.2% vs 2019
2021: €2.36M▲ +25.5% vs 2020
2022: €2.73M▲ +16.0% vs 2021highest in 8 years
2023: €2.35M▼ -13.9% vs 2022
2024: €1.58M▼ -32.8% vs 2023
2025: €1.89M▲ +19.8% vs 2024
2018 → 2025
Net result
€1.36M
2024 · €-645k
2018: €-12k
2019: €9k▲ +175% vs 2018
2020: €72k▲ +674% vs 2019
2021: €-32k▼ -145% vs 2020
2022: €-180k▼ -459% vs 2021
2023: €-271k▼ -50.2% vs 2022
2024: €-645k▼ -138% vs 2023lowest in 8 years
2025: €1.36M▲ +311% vs 2024highest in 8 years
2018 → 2025
Working capital
€-215k▲ 87.2%
2024 · €-1.68M
2018: €-400k
2019: €-427k▼ -6.7% vs 2018
2020: €-460k▼ -7.6% vs 2019
2021: €-607k▼ -32.0% vs 2020
2022: €-860k▼ -41.7% vs 2021
2023: €-1.14M▼ -32.1% vs 2022
2024: €-1.68M▼ -47.8% vs 2023lowest in 8 years
2025: €-215k▲ +87.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€-138k€-409k▼ 197%€-1.05M▼ 158%€307k
2021: €43k
2022: €-138k▼ -423% vs 2021
2023: €-409k▼ -197% vs 2022
2024: €-1.05M▼ -158% vs 2023lowest in 5 years
2025: €307k▲ +129% vs 2024highest in 5 years
Operating result€39k-€-71k€-143k▼ 102%€-352k▼ 146%€1.50M
2021: €39k
2022: €-71k▼ -282% vs 2021
2023: €-143k▼ -102% vs 2022
2024: €-352k▼ -146% vs 2023lowest in 5 years
2025: €1.50M▲ +527% vs 2024highest in 5 years
Net result€-32k-€-180k▼ 459%€-271k▼ 50.2%€-645k▼ 138%€1.36M
2021: €-32k
2022: €-180k▼ -459% vs 2021
2023: €-271k▼ -50.2% vs 2022
2024: €-645k▼ -138% vs 2023lowest in 5 years
2025: €1.36M▲ +311% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1.50M after a loss of €352k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.69M
Fixed assets
€702k ▼ 38.8%
Current assets
€986k ▲ 127%
Equity and liabilities €1.89M
Equity
€307k
Debt
€1.59M
Debt finances 83.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€1.98M▲
2024 · €168k
Cash flow
€1.84M▲
2024 · €-125k
Current ratio
0.82▲
2024 · 0.21
Debt to equity
5.18▲
2024 · -2.50
ROE
443.7%
ROA
71.8%▲
2024 · -40.8%
Interest coverage
13.60▲
2024 · 0.57
Debt ≤ 1 year
€1.20M▼
2024 · €2.11M
Debt > 1 year
€320k▼
2024 · €521k
Income taxes
€20▼
2024 · €1,000
Staff costs
€2.56M▲
2024 · €2.44M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.58M€1.89M▲
Formation expenses20-€207k
Fixed assets21/28€1.15M€702k▼
Tangible fixed assets22/27€1.03M€607k▼
Plant, machinery and equipment23€15k€20k▲
Furniture and vehicles24€68k€120k▲
Leasing and similar rights25€942k€455k▼
Other tangible fixed assets26€8k€13k▲
Financial fixed assets28€114k€94k▼
Current assets29/58€434k€986k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€215k€383k▲
Trade receivables40€215k€351k▲
Other amounts receivable41€0€32k▲
Cash at bank and in hand54/58€185k€561k▲
Deferred charges and accrued income490/1€33k€42k▲
Equity and liabilities
Total equity and liabilities10/49€1.58M€1.89M▲
Equity10/15€-1.05M€307k▲
Contributions10/11€6k€6k=
Reserves13€60k€1.50M▲
Tax-exempt reserves132€8k€1.45M▲
Distributable reserves133€52k€52k=
Profit (loss) carried forward14€-1.12M€-1.20M▼
Amounts payable17/49€2.63M€1.59M▼
Amounts payable after more than one year17€521k€320k▼
Financial debts170/4€521k€320k▼
Amounts payable within one year42/48€2.11M€1.20M▼
Current portion of amounts payable after more than one year42€465k€345k▼
Financial debts43€65k€0▼
Credit institutions430/8€65k€0▼
Trade debts44€373k€551k▲
Suppliers440/4€373k€551k▲
Taxes, remuneration and social security45€1.08M€304k▼
Taxes450/3€142k€49k▼
Remuneration and social security454/9€942k€255k▼
Other amounts payable47/48€127k€0▼
Accrued charges and deferred income492/3-€68k
Income statement
Code20242025
Non-recurring operating income76A-€1.44M
Remuneration, social security and pensions62€2.44M€2.56M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€520k€479k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€-310▼
Other operating charges640/8€223k€245k▲
Gross operating margin9900€2.84M€4.78M▲
Operating profit (loss)9901€-352k€1.50M▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€293k€146k▼
Recurring financial charges65€293k€146k▼
Profit (loss) for the period before taxes9903€-644k€1.36M▲
Income taxes67/77€1,000€20▼
Profit (loss) for the period9904€-645k€1.36M▲
Transfer to tax-exempt reserves689-€1.44M
Profit (loss) for the period to be appropriated9905€-645k€-79k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.12M€-1.20M▼
Profit (loss) brought forward from the previous period14P€-475k€-1.12M▼
Social balance
Average headcount (FTE)908747.645.3▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €20k | - | - | €1.44M | - |
| Remuneration, social security and pensions62 | €2.51M | €2.89M | €2.97M | €2.44M | €2.56M | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €344k | €461k | €521k | €520k | €479k | ▼ 7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5k | €-310 | ▼ 106% |
| Other operating charges640/8 | €77k | €150k | €163k | €223k | €245k | ▲ 9.5% |
| Non-recurring operating charges66A | €47k | - | - | - | - | - |
| Gross operating margin9900 | €3.02M | €3.43M | €3.51M | €2.84M | €4.78M | ▲ 68.5% |
| Operating profit (loss)9901 | €39k | €-71k | €-143k | €-352k | €1.50M | ▲ 527% |
| Financial income75/76B | €19k | €25 | €643 | €1k | €1k | ▼ 23.9% |
| Recurring financial income75 | €4 | €25 | €643 | €1k | €1k | ▼ 23.9% |
| Non-recurring financial income76B | €19k | - | - | - | - | - |
| Financial charges65/66B | €84k | €114k | €133k | €293k | €146k | ▼ 50.2% |
| Recurring financial charges65 | €84k | €114k | €133k | €293k | €146k | ▼ 50.2% |
| Non-recurring financial charges66B | €35 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-27k | €-185k | €-276k | €-644k | €1.36M | ▲ 311% |
| Income taxes67/77 | €5k | €-5k | €-5k | €1,000 | €20 | ▼ 98.0% |
| Profit (loss) for the period9904 | €-32k | €-180k | €-271k | €-645k | €1.36M | ▲ 311% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €1.44M | - |
| Profit (loss) for the period to be appropriated9905 | €-32k | €-180k | €-271k | €-645k | €-79k | ▲ 87.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.36M | €2.73M | €2.35M | €1.58M | €1.89M | ▲ 19.8% |
| Formation expenses20 | - | - | - | - | €207k | - |
| Fixed assets21/28 | €1.69M | €1.97M | €1.68M | €1.15M | €702k | ▼ 38.8% |
| Intangible fixed assets21 | €334 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.56M | €1.83M | €1.54M | €1.03M | €607k | ▼ 41.2% |
| Plant, machinery and equipment23 | €23k | €21k | €18k | €15k | €20k | ▲ 34.9% |
| Furniture and vehicles24 | €55k | €174k | €121k | €68k | €120k | ▲ 76.7% |
| Leasing and similar rights25 | €1.47M | €1.63M | €1.39M | €942k | €455k | ▼ 51.7% |
| Other tangible fixed assets26 | €11k | €10k | €10k | €8k | €13k | ▲ 50.4% |
| Financial fixed assets28 | €134k | €134k | €139k | €114k | €94k | ▼ 17.1% |
| Current assets29/58 | €666k | €765k | €675k | €434k | €986k | ▲ 127% |
| Amounts receivable after more than one year29 | €85k | €85k | €85k | €0 | - | - |
| Other amounts receivable291 | €85k | €85k | €85k | €0 | - | - |
| Amounts receivable within one year40/41 | €316k | €473k | €301k | €215k | €383k | ▲ 77.8% |
| Trade receivables40 | €244k | €371k | €217k | €215k | €351k | ▲ 63.1% |
| Other amounts receivable41 | €72k | €102k | €84k | €0 | €32k | - |
| Cash at bank and in hand54/58 | €191k | €194k | €264k | €185k | €561k | ▲ 203% |
| Deferred charges and accrued income490/1 | €74k | €13k | €25k | €33k | €42k | ▲ 24.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.36M | €2.73M | €2.35M | €1.58M | €1.89M | ▲ 19.8% |
| Equity10/15 | €43k | €-138k | €-409k | €-1.05M | €307k | ▲ 129% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €60k | €60k | €60k | €60k | €1.50M | ▲ 2,405% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | €8k | €8k | €8k | €8k | €1.45M | ▲ 17,992% |
| Distributable reserves133 | €50k | €50k | €50k | €52k | €52k | = |
| Profit (loss) carried forward14 | €-23k | €-204k | €-475k | €-1.12M | €-1.20M | ▼ 7.1% |
| Amounts payable17/49 | €2.31M | €2.87M | €2.76M | €2.63M | €1.59M | ▼ 39.7% |
| Amounts payable after more than one year17 | €1.04M | €1.20M | €949k | €521k | €320k | ▼ 38.7% |
| Financial debts170/4 | €1.04M | €1.20M | €949k | €521k | €320k | ▼ 38.7% |
| Amounts payable within one year42/48 | €1.27M | €1.62M | €1.81M | €2.11M | €1.20M | ▼ 43.2% |
| Current portion of amounts payable after more than one year42 | €362k | €450k | €475k | €465k | €345k | ▼ 25.8% |
| Financial debts43 | €40k | €51k | €71k | €65k | €0 | ▼ 100% |
| Credit institutions430/8 | €40k | €51k | €71k | €65k | €0 | ▼ 100% |
| Trade debts44 | €420k | €563k | €698k | €373k | €551k | ▲ 47.8% |
| Suppliers440/4 | €420k | €563k | €698k | €373k | €551k | ▲ 47.8% |
| Taxes, remuneration and social security45 | €379k | €484k | €416k | €1.08M | €304k | ▼ 72.0% |
| Taxes450/3 | €71k | €119k | €129k | €142k | €49k | ▼ 65.7% |
| Remuneration and social security454/9 | €309k | €365k | €287k | €942k | €255k | ▼ 72.9% |
| Other amounts payable47/48 | €72k | €77k | €151k | €127k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €1k | €47k | - | - | €68k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-32k | €-180k | €-271k | €-645k | €1.36M | ▲ 311% |
| + Depreciation and write-downs630 | €344k | €461k | €521k | €520k | €479k | ▼ 7.8% |
| Operating cash flow (approximation) | €312k | €281k | €250k | €-125k | €1.84M | ▲ 1,571% |
| Investment in fixed assets (approximation) | - | €-738k | €-230k | €10k | €-34k | ▼ 450% |
| Change in cash | - | €3k | €70k | €-79k | €376k | ▲ 574% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €1.36M
Net result €1.36M after 4 loss-making years.
31-12
Financial
Equity above €200kEq €307k
Equity rises from €-1.05M to €307k.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 1 day late
24-07
Judicial reorganisation
Plan homologation
ondernemingsrechtbank Brussel · event 15-07-2025
2024
31-12
Financial
Weakest financial yearnet €-645k
Net result drops to €-645k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
Show earlier events
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Asse · 2 establishment units since 1990
Ground area
2.6 ha
Building footprint
1.3 ha
Volume, LiDAR
146,053 m³
2 parcels, Flanders · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
HEYVAERT & CO
since 19902.049.693.637
HEYVAERT & CO
since 20262.390.515.411
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23053B0231/00F000 | Flanders | 2.0 ha | 1 · 1.0 ha | 14.1 m · 4 fl. |
| 23053B0228/00E002indicative | Flanders | 6,140 m² | 1 · 3,330 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 37,445 EUR awarded · 36,281 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,514 EUR | 7,266 EUR |
| 2024 | 2 | 5,004 EUR | 4,088 EUR |
| 2023 | 3 | 18,343 EUR | 19,006 EUR |
| 2022 | 2 | 6,584 EUR | 5,921 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Subsidies ecologisch en veilig transport (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAsse2.049.693.637
Similar companies · same sector, comparable size
Transheeze
BE 0414.573.545
Lochristi · Eq €306,353
ALL TRACUP
BE 0872.246.467
Temse · Eq €306,932
TRANSPORTS CHRISTIAN LEONET
BE 0474.325.446
Flémalle · Eq €306,091
Steve Oellibrandt
BE 0650.677.879
Beveren-Kruibeke-Zwijndrecht · Eq €306,012
TransDirect
BE 0782.223.539
Kortrijk · Eq €307,137
Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 5,830 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
Founded16-08-1990
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.