HEYVAERT IMMO
ActiveHEYVAERT IMMO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €456k and a net result of €-216k. Equity is shrinking by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-2
Solvency37▼-5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.28 in 2024; short-term debt: 15% and cash: 1% of total assets), and 87.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Sector 50
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-216k
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
13 d early
2023
1 d early
2022
11 d early
2021
38 d early
2020
50 d early
2019
31 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-216k▼ 35.8%
2024 · €-159k
2018: €-233k
2019: €-63k
2020: €-225k
2021: €-188k
2022: €46k
2023: €-227k
2024: €-159k
2018 → 2025
Working capital
€-532k▼ 50.6%
2024 · €-353k
2018: €-267k
2019: €-383k
2020: €-405k
2021: €30k
2022: €-100k
2023: €-194k
2024: €-353k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.01M-€1.06M▲ 4.5%€832k▼ 21.4%€673k▼ 19.1%€456k▼ 32.1%
Operating result€-115k-€54k€-204k€-140k▲ 31.5%€-205k▼ 46.7%
Net result€-188k-€46k€-227k€-159k▲ 29.8%€-216k▼ 35.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €205k in 2025 against €140k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.79M
Fixed assets
€3.75M▼ 2.9%
Current assets
€36k▼ 73.1%
Equity and liabilities €3.79M
Equity
€456k▼ 32.1%
Debt
€3.33M▲ 0.1%
The debt ratio rises from 83.2% to 87.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€86k▼
2024 · €141k
Cash flow
€74k▼
2024 · €122k
Solvency
12.1%▼
2024 · 16.8%
Current ratio
0.06▼
2024 · 0.28
Quick ratio
0.06▼
2024 · 0.28
Debt / equity
7.30▲
2024 · 4.94
ROE
-47.4%▼
2024 · -23.7%
ROA
-5.7%▼
2024 · -4.0%
Interest coverage
7.47▲
2024 · 7.20
Debt
€3.33M▲
2024 · €3.33M
Debt ≤ 1 year
€568k▲
2024 · €488k
Debt > 1 year
€2.76M▼
2024 · €2.84M
Staff costs
€42k▼
2024 · €44k
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€4.00M€3.79M▼
Fixed assets21/28€3.86M€3.75M▼
Tangible fixed assets22/27€3.86M€3.75M▼
Land and buildings22€3.84M€3.74M▼
Furniture and vehicles24€23k€14k▼
Financial fixed assets28€853€853=
Current assets29/58€135k€36k▼
Cash at bank and in hand54/58€135k€36k▼
Equity and liabilities
Total equity and liabilities10/49€4.00M€3.79M▼
Equity10/15€673k€456k▼
Contributions10/11€800k€800k=
Capital10€800k€800k=
Issued capital100€800k€800k=
Reserves13€80k€80k=
Non-distributable reserves130/1€80k€80k=
Legal reserve130€80k€80k=
Profit (loss) carried forward14€-207k€-424k▼
Amounts payable17/49€3.33M€3.33M▲
Amounts payable after more than one year17€2.84M€2.76M▼
Financial debts170/4€2.83M€2.71M▼
Other amounts payable178/9€4k€52k▲
Amounts payable within one year42/48€488k€568k▲
Current portion of amounts payable after more than one year42€117k€123k▲
Trade debts44€331k€415k▲
Suppliers440/4€331k€415k▲
Taxes, remuneration and social security45€28k€23k▼
Taxes450/3€23k€18k▼
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€11k€8k▼
Income statement
Code20242025
Non-recurring operating income76A€53k-
Remuneration, social security and pensions62€44k€42k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€281k€290k▲
Other operating charges640/8€102k€120k▲
Non-recurring operating charges66A€49k-
Gross operating margin9900€336k€248k▼
Operating profit (loss)9901€-140k€-205k▼
Financial charges65/66B€20k€11k▼
Recurring financial charges65€20k€11k▼
Profit (loss) for the period before taxes9903€-159k€-216k▼
Profit (loss) for the period9904€-159k€-216k▼
Profit (loss) for the period to be appropriated9905€-159k€-216k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-207k€-424k▼
Profit (loss) brought forward from the previous period14P€-48k€-207k▼
The notes to these accounts (10 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
27-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Board meeting5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Board meeting5 facts ▸
- General meeting, 2026-05-12
- Director reappointment, Souhail Karim (administrateur)
- Director reappointment, Dany Karim (administrateur)
- Board meeting, 2026-05-12
- Director reappointment, Souhail Karim (administrateur délégué)
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €46k
Net result €46k after 4 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Dany Karim
CurrentDirector · since 12-05-2026
Souhail Karim
CurrentDirector · since 12-05-2026
12-05-2026
Dany Karim: Mandate renewed as Director
12-05-2026
Souhail Karim: Mandate renewed as Director
12-05-2026
Souhail Karim: Mandate renewed as Managing director
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2008
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.
Heyvaertstraat 1421080 Sint-Jans-MolenbeekGround area
2,744 m²
Building footprint
1,567 m²
Volume, LiDAR
15,444 m³
Parcel 21523B0944/00H004, Brussels · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MARITIME CAR CENTER
since 20082.167.814.495
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0944/00H004 | Brussels | 2,744 m² | 1 · 1,567 m² | 12.2 m · 3 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.
Similar companies · same sector, comparable size
TOP CARS
BE 0452.083.445
Welkenraedt · Eq €456k
MOBILITY PARTNERS
BE 0429.599.340
Kalmthout · Eq €457k
CARROZZERIA DE BUCK
BE 0893.573.797
Gent · Eq €457k
NOISET - Remorques / Automobiles / Dépannages
BE 0412.917.617
Fauvillers · Eq €457k
CARROSSERIE LUDO
BE 0472.427.810
Bertrix · Eq €458k
Of 3,787 companies in sector 50200 we hold annual accounts for 2,184. 1,818 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-12-2007
Fiscal year end31-12
Activities, NACEBEL
50200Water transport
52210Service activities incidental to land transportation
68110Buying and selling of own real estate
47811Retail sale of cars and light vans (up to 3.5 tonnes)
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.