TRANSPORT ROGER HEINEN
ActiveSummary
TRANSPORT ROGER HEINEN has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.30M and a net result of €-4k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 49% of 866 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+1
Solvency64▲+1
Growth67▼-1
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 0.97 in 2024; short-term debt: 29.3% and cash: 2.7% of total assets), and 61.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 49
higher
← 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
38.9%
Return on assets
-0.1%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
6 d early
2023
1 d early
2022
13 d early
2021
13 d early
2020
11 d early
2019
11 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.43M▼ 0.8%
2024 · €4.47M
2018: €3.43M
2019: €3.47M
2020: €3.29M
2021: €3.61M
2022: €4.23M
2023: €4.06M
2024: €4.47M
2018 → 2025
EBIT margin
1.1%▼ 0.6pp
2024 · 1.7%
2018: -0.1%
2019: 1.7%
2020: 6.6%
2021: 7.0%
2022: 1.2%
2023: 1.4%
2024: 1.7%
2018 → 2025
Net result
€-4k
2024 · €52k
2018: €-22k
2019: €15k
2020: €1.17M
2021: €167k
2022: €16k
2023: €731k
2024: €52k
2018 → 2025
Working capital
€293k
2024 · €-36k
2018: €-85k
2019: €-158k
2020: €-62k
2021: €676k
2022: €150k
2023: €157k
2024: €-36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.61M-€4.23M▲ 17.1%€4.06M▼ 4.0%€4.47M▲ 10.1%€4.43M▼ 0.8%
Equity€1.29M-€1.31M▲ 1.1%€1.32M▲ 1.2%€1.30M▼ 1.3%€1.30M▼ 0.4%
Operating result€251k-€51k▼ 79.8%€56k▲ 11.0%€74k▲ 31.9%€47k▼ 37.1%
Net result€167k-€16k▼ 90.3%€731k▲ 4,418%€52k▼ 92.9%€-4k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.34M
Fixed assets
€2.07M ▼ 4.7%
Current assets
€1.27M ▲ 0.7%
Equity and liabilities €3.34M
Equity
€1.30M ▼ 0.4%
Provisions
€16k ▼ 39.5%
Debt
€2.02M ▼ 3.7%
Debt's share of the balance-sheet total falls from 61.2% to 60.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€552k▲
2024 · €464k
Cash flow
€502k▲
2024 · €442k
Current ratio
1.30▲
2024 · 0.97
Quick ratio
1.15▲
2024 · 0.90
Debt to equity
1.56▼
2024 · 1.61
ROE
-0.3%▼
2024 · 4.0%
ROA
-0.1%▼
2024 · 1.5%
Interest coverage
8.62▼
2024 · 9.69
Debt ≤ 1 year
€978k▼
2024 · €1.30M
Debt > 1 year
€1.04M▲
2024 · €798k
Income taxes
€18k▲
2024 · €10k
Staff costs
€480k▼
2024 · €552k
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 · 90 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.43M€3.34M▼
Fixed assets21/28€2.17M€2.07M▼
Intangible fixed assets21€8k€6k▼
Tangible fixed assets22/27€1.99M€1.88M▼
Land and buildings22€623k€654k▲
Plant, machinery and equipment23€79k€72k▼
Furniture and vehicles24€97k€81k▼
Leasing and similar rights25€1.17M€1.01M▼
Assets under construction and advance payments27€15k€62k▲
Financial fixed assets28€174k€184k▲
Affiliated companies280/1€170k€170k=
Participating interests280€170k€170k=
Other financial fixed assets284/8€5k€15k▲
Amounts receivable and cash guarantees285/8€5k€15k▲
Current assets29/58€1.26M€1.27M▲
Stocks and contracts in progress3€89k€146k▲
Stocks30/36€89k€146k▲
Raw materials and consumables30/31€89k€146k▲
Amounts receivable within one year40/41€910k€799k▼
Trade receivables40€578k€93k▼
Other amounts receivable41€333k€705k▲
Cash at bank and in hand54/58€3k€90k▲
Deferred charges and accrued income490/1€259k€236k▼
Equity and liabilities
Total equity and liabilities10/49€3.43M€3.34M▼
Equity10/15€1.30M€1.30M▼
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€458k€426k▼
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€451k€420k▼
Profit (loss) carried forward14€761k€789k▲
Investment grants15€20k€19k▼
Provisions and deferred taxes16€27k€16k▼
Deferred taxes168€27k€16k▼
Amounts payable17/49€2.10M€2.02M▼
Amounts payable after more than one year17€798k€1.04M▲
Financial debts170/4€798k€1.04M▲
Leasing and similar obligations172€793k€660k▼
Credit institutions173€5k€384k▲
Amounts payable within one year42/48€1.30M€978k▼
Current portion of amounts payable after more than one year42€359k€418k▲
Financial debts43€310k-
Credit institutions430/8€310k-
Trade debts44€494k€396k▼
Suppliers440/4€494k€396k▼
Taxes, remuneration and social security45€68k€96k▲
Taxes450/3€18k€35k▲
Remuneration and social security454/9€50k€61k▲
Other amounts payable47/48€68k€68k=
Accrued charges and deferred income492/3€5k€2k▼
Income statement
Code20242025
Operating income70/76A€4.61M€4.61M=
Turnover70€4.47M€4.43M▼
Other operating income74€114k€58k▼
Non-recurring operating income76A€31k€122k▲
Operating charges60/66A€4.54M€4.57M▲
Goods for resale, raw materials and consumables60€2.53M€2.39M▼
Purchases600/8€2.53M€2.45M▼
Change in stocks: decrease (increase)609€4k€-57k▼
Services and other goods61€1.02M€1.15M▲
Remuneration, social security and pensions62€552k€480k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€390k€506k▲
Other operating charges640/8€39k€33k▼
Non-recurring operating charges66A€13k€6k▼
Operating profit (loss)9901€74k€47k▼
Financial income75/76B€36k€27k▼
Recurring financial income75€36k€27k▼
Income from financial fixed assets750€9€5▼
Income from current assets751€34k€26k▼
Other financial income752/9€1k€1k▲
Financial charges65/66B€53k€70k▲
Recurring financial charges65€53k€70k▲
Debt charges650€48k€64k▲
Other financial charges652/9€5k€6k▲
Profit (loss) for the period before taxes9903€57k€3k▼
Transfer from deferred taxes780€10k€11k▲
Transfer to deferred taxes680€5k-
Income taxes67/77€10k€18k▲
Taxes670/3€10k€18k▲
Tax adjustments and reversals of tax provisions77-€3
Profit (loss) for the period9904€52k€-4k▼
Transfer from tax-exempt reserves789€31k€32k▲
Transfer to tax-exempt reserves689€15k-
Profit (loss) for the period to be appropriated9905€68k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€829k€789k▼
Profit (loss) brought forward from the previous period14P€761k€761k=
Profit to be distributed694/7€68k-
Directors or managers695€68k-
Social balance
Average headcount (FTE)90877.75.3▼
The notes to these accounts (80 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €1.17M ▲7744%
Net result €1.17M, the highest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Eupen · 1 establishment unit since 2007
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.
Stockem 454700 Eupen1 establishment unit
Transport Roger Heinen AG
since 20072.160.321.543
Recognitions · licences · registrations
Food safety, FASFC
1 siteEupen2.160.321.543
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 3,721 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-03-2007
Fiscal year end31-12
Abbreviation DE
TRH
Activities, NACEBEL 2025
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filings
Scores and ratios are computed by Checked and are not a credit decision.