HEZER HEIDE
ActiveSummary
HEZER HEIDE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €94,193 and a net result of €17,668. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 1697 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+5
Solvency47▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.13 in 2023; short-term debt: 28.3% and cash: 2.4% of total assets), and 77.9% of the assets are financed with debt.
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Signals
Five 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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
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
22.1%
Return on assets
4.2%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €94,193
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-08-2025, 16 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
not confirmed
2024
16 d late
2023
123 d late
2022
71 d late
2021
123 d late
2020
51 d late
2019
55 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 73 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€94,193▲ 21.1%
2023 · €77,805
Total assets
€425,307▼ 7.0%
2023 · €457,127
Net result
€17,668▲ 731%
2023 · €2,126
Working capital
-€96,523▲ 11.2%
2023 · -€108,685
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€8,887▼ 66.9%-€90,453€316€2,576▲ 715%€20,605▲ 700%
Net result€4,752within the sector's middle half▼ 79.2%-€93,568below the sector's middle half-€1,779within the sector's middle half▲ 98.1%€2,126below the sector's middle half€17,668within the sector's middle half▲ 731%
Equity€174,863within the sector's middle half▲ 2.0%€80,016below the sector's middle half▼ 54.2%€76,958below the sector's middle half▼ 3.8%€77,805below the sector's middle half▲ 1.1%€94,193below the sector's middle half▲ 21.1%
Total assets€809,666within the sector's middle half▼ 7.5%€555,407below the sector's middle half▼ 31.4%€498,134below the sector's middle half▼ 10.3%€457,127below the sector's middle half▼ 8.2%€425,307below the sector's middle half▼ 7.0%
Debt€633,723▼ 9.8%€474,378▼ 25.1%€420,231▼ 11.4%€378,444▼ 9.9%€330,303▼ 12.7%
Working capital-€7,319within the sector's middle half▲ 14.5%-€104,395within the sector's middle half▼ 1,326%-€114,350below the sector's middle half▼ 9.5%-€108,685below the sector's middle half▲ 5.0%-€96,523below the sector's middle half▲ 11.2%
Solvency21.6%within the sector's middle half▲ 2.0pp14.4%within the sector's middle half▼ 7.2pp15.4%within the sector's middle half▲ 1.0pp17.0%below the sector's middle half▲ 1.6pp22.1%within the sector's middle half▲ 5.1pp
Current ratio0.97within the sector's middle half=0.21below the sector's middle half▼ 0.760.06below the sector's middle half▼ 0.150.13below the sector's middle half▲ 0.060.20below the sector's middle half▲ 0.07
Return on assets (ROA)0.6%within the sector's middle half▼ 2.0pp-16.8%below the sector's middle half▼ 17.4pp-0.4%within the sector's middle half▲ 16.5pp0.5%below the sector's middle half▲ 0.8pp4.2%within the sector's middle half▲ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 700% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €425,307
Fixed assets
€401,267 ▼ 9.1%
Current assets
€24,039 ▲ 51.5%
Equity and liabilities €425,307
Equity
€94,193 ▲ 21.1%
Provisions
€811 ▼ 7.7%
Debt
€330,303 ▼ 12.7%
Debt's share of the balance-sheet total falls from 82.8% to 77.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61,102▲
2023 · €42,803
Cash flow
€58,164▲
2023 · €42,353
Debt to equity
3.51▼
2023 · 4.86
ROE
18.8%▲
2023 · 2.7%
Interest coverage
14.26▲
2023 · 10.56
Debt ≤ 1 year
€120,563▼
2023 · €124,548
Debt > 1 year
€209,740▼
2023 · €253,896
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,504 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,995 | €41,995 | €41,220 | €40,228 | €40,497 | ▲ 0.7% |
| Other operating charges640/8 | - | €1,271 | €983 | €506 | €5,875 | ▲ 1,062% |
| Gross operating margin9900 | €53,056 | -€47,187 | €42,519 | €43,309 | €66,976 | ▲ 54.6% |
| Operating profit (loss)9901 | €8,887 | -€90,453 | €316 | €2,576 | €20,605 | ▲ 700% |
| Financial income75/76B | - | €1,438 | €1,408 | €3,525 | €1,279 | ▼ 63.7% |
| Recurring financial income75 | €1,397 | €1,438 | €1,408 | €3,525 | €1,279 | ▼ 63.7% |
| Financial charges65/66B | - | €4,574 | €3,570 | €4,054 | €4,284 | ▲ 5.7% |
| Recurring financial charges65 | €5,484 | €4,574 | €3,570 | €4,054 | €4,284 | ▲ 5.7% |
| Profit (loss) for the period before taxes9903 | €4,800 | -€93,588 | -€1,846 | €2,047 | €17,600 | ▲ 760% |
| Transfer from deferred taxes780 | - | €67 | €67 | €67 | €67 | = |
| Income taxes67/77 | €116 | €47 | - | -€12 | - | - |
| Profit (loss) for the period9904 | €4,752 | -€93,568 | -€1,779 | €2,126 | €17,668 | ▲ 731% |
| Profit (loss) for the period to be appropriated9905 | €4,752 | -€93,568 | -€1,779 | €2,126 | €17,668 | ▲ 731% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €809,666 | €555,407 | €498,134 | €457,127 | €425,307 | ▼ 7.0% |
| Fixed assets21/28 | €569,626 | €527,631 | €490,305 | €441,264 | €401,267 | ▼ 9.1% |
| Intangible fixed assets21 | €8,000 | €6,000 | €4,000 | €2,000 | - | - |
| Tangible fixed assets22/27 | €551,958 | €511,963 | €476,637 | €439,264 | €400,767 | ▼ 8.8% |
| Land and buildings22 | - | €511,963 | €473,467 | €436,034 | €398,600 | ▼ 8.6% |
| Plant, machinery and equipment23 | - | - | €3,170 | €3,231 | €2,167 | ▼ 32.9% |
| Financial fixed assets28 | €9,668 | €9,668 | €9,668 | - | €500 | - |
| Current assets29/58 | €240,040 | €27,775 | €7,829 | €15,863 | €24,039 | ▲ 51.5% |
| Stocks and contracts in progress3 | €209,350 | €2,500 | €2,500 | - | - | - |
| Stocks30/36 | - | €2,500 | €2,500 | - | - | - |
| Amounts receivable within one year40/41 | €24,175 | €779 | €781 | €4,098 | €13,059 | ▲ 219% |
| Trade receivables40 | - | €779 | €742 | €1,303 | €13,059 | ▲ 902% |
| Other amounts receivable41 | - | - | €38 | €2,795 | - | - |
| Cash at bank and in hand54/58 | €5,559 | €23,852 | €3,858 | €10,595 | €10,253 | ▼ 3.2% |
| Deferred charges and accrued income490/1 | - | €644 | €690 | €1,170 | €728 | ▼ 37.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €809,666 | €555,407 | €498,134 | €457,127 | €425,307 | ▼ 7.0% |
| Equity10/15 | €174,863 | €80,016 | €76,958 | €77,805 | €94,193 | ▲ 21.1% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | €31,897 | €31,897 | €31,897 | €31,897 | €31,897 | = |
| Non-distributable reserves130/1 | - | €641 | €641 | - | - | - |
| Reserves not available under the articles1311 | - | €641 | €641 | - | - | - |
| Distributable reserves133 | - | €31,255 | €31,255 | €31,897 | €31,897 | = |
| Profit (loss) carried forward14 | -€1,282 | -€93,568 | -€95,347 | -€93,221 | -€75,553 | ▲ 19.0% |
| Investment grants15 | - | €16,687 | €15,408 | €14,129 | €12,850 | ▼ 9.1% |
| Provisions and deferred taxes16 | €1,080 | €1,013 | €946 | €878 | €811 | ▼ 7.7% |
| Deferred taxes168 | - | €1,013 | €946 | €878 | €811 | ▼ 7.7% |
| Amounts payable17/49 | €633,723 | €474,378 | €420,231 | €378,444 | €330,303 | ▼ 12.7% |
| Amounts payable after more than one year17 | €386,364 | €342,208 | €298,052 | €253,896 | €209,740 | ▼ 17.4% |
| Financial debts170/4 | - | €342,208 | €298,052 | €253,896 | €209,740 | ▼ 17.4% |
| Amounts payable within one year42/48 | €247,359 | €132,170 | €122,179 | €124,548 | €120,563 | ▼ 3.2% |
| Current portion of amounts payable after more than one year42 | - | €44,156 | €44,156 | €44,156 | €44,156 | = |
| Trade debts44 | €63,695 | €27,580 | €17,330 | €20,058 | €14,496 | ▼ 27.7% |
| Suppliers440/4 | - | €27,580 | €17,330 | €20,058 | €14,496 | ▼ 27.7% |
| Taxes, remuneration and social security45 | - | €2,750 | €1,008 | €1,250 | €2,664 | ▲ 113% |
| Taxes450/3 | - | €750 | €1,008 | - | €1,414 | - |
| Remuneration and social security454/9 | - | €2,000 | - | €1,250 | €1,250 | = |
| Other amounts payable47/48 | - | €57,685 | €59,685 | €59,085 | €59,247 | ▲ 0.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,752 | -€93,568 | -€1,779 | €2,126 | €17,668 | ▲ 731% |
| + Depreciation and write-downs630 | €41,995 | €41,995 | €41,220 | €40,228 | €40,497 | ▲ 0.7% |
| Operating cash flow (approximation) | €46,746 | -€51,573 | €39,441 | €42,353 | €58,164 | ▲ 37.3% |
| Investment in fixed assets (approximation) | - | €0 | -€3,894 | €8,814 | -€500 | ▼ 106% |
| Change in cash | - | €18,292 | -€19,993 | €6,737 | -€342 | ▼ 105% |
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
2025
16-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 16 days late
2024
01-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 123 days late
2023
31-12
Financial
Back to profitnet €2,126
Net result €2,126 after 2 loss-making years.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 123 days late
2021
31-12
Financial
Weakest financial yearnet -€93,568
Net result drops to -€93,568, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 51 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 55 days late
2019
31-12
Financial
Highest result since 2018net €22,895 ▲9,036%
Operating result €26,844, net result €22,895, both a record.
31-12
Financial
Equity above €150,000Eq €171,391 ▲14.4%
2 profitable years in a row build equity to €171,391.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
14-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 106 days late
Financial 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.
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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, Kinrooi · 1 establishment unit since 2010
Ground area
9,287 m²
Building footprint
1,943 m²
Parcel 72026B1509/00H000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
HEZER HEIDE BVBA
since 20102.186.227.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72026B1509/00H000 | Flanders | 9,287 m² | 1 · 1,943 m² | 0.1 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2025 · 1 entry · 621 EUR awarded · 621 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 621 EUR | 621 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteKinrooi2.186.227.867
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Of 587 companies in sector 01462 we hold annual accounts for 213. 157 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
Founded15-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
01462Crop and animal production, hunting and related service activities
01620Support activities for animal production
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822459040
Also
9925:BE0822459040
Registered
04-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.