PAUL HEYLEN
InactivePAUL HEYLEN was declared bankrupt on 02-01-2025 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 10-02-2026, published in the Belgian State Gazette on 13-02-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline22-09-2026 today
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-08-2024, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
21 d late
2022
on the day
2021
32 d early
2020
15 d early
2019
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€10k▼ 92.3%
2022 · €135k
2019: €9k
2020: €3k
2021: €212k
2022: €135k
2019 → 2023
EBIT margin
-2441.1%▼ 2409.6pp
2022 · -31.5%
2019: -108.6%
2020: -582.3%
2021: 2.7%
2022: -31.5%
2019 → 2023
Net result
€-48k▼ 46.0%
2022 · €-33k
2019: €-5k
2020: €-111
2021: €5k
2022: €-33k
2019 → 2023
Working capital
€-69k▲ 65.3%
2022 · €-200k
2019: €-191k
2020: €-188k
2021: €-181k
2022: €-200k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€9k-€3k▼ 71.4%€212k▲ 8,396%€135k▼ 36.6%€10k▼ 92.3%
Equity€7k-€7k▼ 1.5%€12k▲ 69.1%€-21k€-69k▼ 230%
Operating result€-10k-€-15k▼ 53.2%€6k€-42k€-253k▼ 495%
Net result€-5k-€-111▲ 97.8%€5k€-33k€-48k▼ 46.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €253k in 2023 against €42k in 2022; the loss grows and 2023 has the lowest result in the available series.
Key figures and ratios
EBITDA
€-59k▼
2022 · €-29k
Cash flow
€145k▲
2022 · €-20k
Solvency
-57.0%▼
2022 · -10.4%
Current ratio
0.64▲
2022 · 0.07
Quick ratio
0.64▲
2022 · 0.07
Debt / equity
-2.76▲
2022 · -10.62
ROA
-39.7%▼
2022 · -16.4%
Interest coverage
-2032.14▼
2022 · -7.70
Debt
€191k▼
2022 · €223k
Debt ≤ 1 year
€191k▼
2022 · €214k
Income taxes
€-4k▼
2022 · €-389
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€202k€122k▼
Fixed assets21/28€188k-
Tangible fixed assets22/27€184k-
Land and buildings22€174k-
Plant, machinery and equipment23€9k-
Furniture and vehicles24€683-
Financial fixed assets28€4k-
Current assets29/58€14k€122k▲
Amounts receivable within one year40/41€9k€898▼
Trade receivables40€8k-
Other amounts receivable41€955€898▼
Cash at bank and in hand54/58€5k€120k▲
Deferred charges and accrued income490/1-€971
Equity and liabilities
Total equity and liabilities10/49€202k€122k▼
Equity10/15€-21k€-69k▼
Contributions10/11€12k€12k=
Profit (loss) carried forward14€-33k€-82k▼
Amounts payable17/49€223k€191k▼
Amounts payable within one year42/48€214k€191k▼
Financial debts43€6k-
Other loans439€6k-
Trade debts44€23k€15k▼
Suppliers440/4€23k€15k▼
Taxes, remuneration and social security45€66-
Remuneration and social security454/9€66-
Other amounts payable47/48€185k€176k▼
Accrued charges and deferred income492/3€9k-
Income statement
Code20222023
Turnover70€135k€10k▼
Goods, raw materials, services and sundry goods60/61€134k€48k▼
Remuneration, social security and pensions62€14k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€194k▲
Other operating charges640/8€16k€21k▲
Gross operating margin9900€960€-37k▼
Operating profit (loss)9901€-42k€-253k▼
Financial income75/76B€13k€200k▲
Recurring financial income75€1k€200k▲
Non-recurring financial income76B€12k-
Financial charges65/66B€4k€29▼
Recurring financial charges65€4k€29▼
Non-recurring financial charges66B€336-
Profit (loss) for the period before taxes9903€-34k€-53k▼
Income taxes67/77€-389€-4k▼
Profit (loss) for the period9904€-33k€-48k▼
Profit (loss) for the period to be appropriated9905€-33k€-48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-82k▼
Profit (loss) brought forward from the previous period14P€-295€-33k▼
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
2026
13-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · PAUL HEYLEN BV BOCHTLAAN 25 B1, 3600 GENK · event 10-02-2026
2025
08-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · PAUL HEYLEN BV BOCHT- LAAN 25 B1, 3600 GENK · event 02-01-2025
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PATRICK SCHRUERS KEMPISCHE KAAI 7C/1.01,
3500 HASSELT |
02-01-2025 → present |