Financials
- Fiscal year
- 2025
- Total assets
- €160,187
- Loss
- -€93,780
- Solvency
- 85.2%
Total assets▼ 44.9%
Net result
20182025
'T HEIKE
ActiveSummary
The annual accounts of 'T HEIKE for fiscal year 2025 show a net loss of 59% of total assets. The 2025 annual accounts show equity of €136,410 and a net result of -€93,780. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 92% of 12331 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Activity
Retail sale of newspapers and periodicals
NACE 47621NACE 47620NACE 52470
1 site
Size
€160,187total assets 2025
- Equity
- €136,410
- Loss
- -€93,780
Turnover not published (abridged schema)
Structure
- Holdings
- 1
Accounts filed 31 d late0 of 1 deed read
Why 56Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €93,780 (FY 2025)- Latest accounts 31 days late; 3 of the last 3 late+ Liquidity: current ratio 11.63, cash €148,228+ Equity €136,410 (85.2% of total assets)Show the evidence
Checked score
Score 2025
56
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 52% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency
100=
equity 85.2% of total assets
Liquidity
100+24
short-term debt 8.6% · cash 92.5%
Profitability
0-92
return on assets -58.5%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.7%
12-2024: 0.7%● 0.0% vs 11-2024
01-2025: 0.6%▼ -0.6% vs 12-2024
02-2025: 0.6%● 0.0% vs 01-2025
03-2025: 0.6%▼ -1.2% vs 02-2025
04-2025: 0.6%▲ +0.5% vs 03-2025
05-2025: 0.6%● 0.0% vs 04-2025
06-2025: 0.6%▼ -4.5% vs 05-2025
07-2025: 0.7%▲ +14.0% vs 06-2025
08-2025: 0.9%▲ +32.4% vs 07-2025
09-2025: 1.0%▲ +10.6% vs 08-2025
10-2025: 1.4%▲ +33.1% vs 09-2025highest value
11-2025: 0.2%▼ -86.3% vs 10-2025
12-2025: 0.2%● 0.0% vs 11-2025
01-2026: 0.2%▼ -0.5% vs 12-2025
02-2026: 0.2%● 0.0% vs 01-2026
03-2026: 0.2%▼ -2.2% vs 02-2026
04-2026: 0.2%▼ -0.5% vs 03-2026
05-2026: 0.2%▼ -1.1% vs 04-2026
06-2026: 0.2%▼ -7.3% vs 05-2026lowest value
07-2026: 0.2%▲ +1.8% vs 06-2026
08-2026: 0.3%▲ +49.7% vs 07-2026
09-2026: 0.5%▲ +87.4% vs 08-2026
10-2026: 0.5%● 0.0% vs 09-2026
- Loss of €93,780 (FY 2025) raises the probability
- Liquidity: current ratio 11.63, cash €148,228 lowers the probability
- Latest accounts 31 days late; 3 of the last 3 late raises the probability
- Equity €136,410 (85.2% of total assets) lowers the probability
Credit up to €7,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 11.63 against 2.31 in 2024; short-term debt: 8.6% and cash: 92.5% of total assets), and 14.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 92%, liquidity 99%, profitability 6%, growth against the median 13%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
61 d late
2023
91 d late
2022
99 d late
2021
89 d late
2020
144 d late
2019
126 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 92 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 28 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Weakest financial yearnet -€93,780
- Liquidity times 5current ratio 11.63
Key points
By topic
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 31-12-2025Liquidity times 5
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Retail sale of newspapers and periodicalsNACE 47621
- Founded
- 11-04-1989
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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