Active BE 0412.066.391Non-profit associationOpen bankruptcy

De Heide

Industriepark 6 ·9820 Merelbeke-Melle, Belgium· 54 yrs active

Conclusion Checked

A bankruptcy procedure is open for De Heide according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €4.18M and a net result of €-225k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€4.18M
Net result	€-225k
Staff (FTE)	107.6
Active	54 yrs

Financial profile 5 of 5 axes measured · computed by Checked

40 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 17

Profitability 33

Solvency 65

Growth 85

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2021 · computed

17 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 03-10-2022 with the NBB · fiscal year 2021 · verkort

RevenueOperating resultNet result

Revenue

€2.63M

+279.8% 18-21

EBITDA

€1.34M

+112.8% 18-21

Net profit

€-225k

+53.4% 18-21

Cash flow

€173k

- 18-21

Total assets

€10.03M

+21.7% 18-21

Equity

€4.18M

+20.8% 18-21

Working capital

€320k

-63.4% 18-21

Employees (FTE)

108

+12.0% 18-21

Show 13 other metrics

Staff costs

€6.24M

- 18-21

Debt

€5.84M

+22.3% 18-21

Debt ≤ 1y

€4.07M

+14.8% 18-21

Debt > 1y

€1.76M

+42.2% 18-21

Current ratio

1.08

-13.5% 18-21

Quick ratio

1.08

-9.9% 18-21

Solvency

41.7%

-0.7% 18-21

Debt / equity

1.40

+291.5% 18-21

ROE

-5.4%

+61.4% 18-21

ROA

-2.2%

+61.7% 18-21

Net margin

-8.6%

+87.7% 18-21

EBITDA margin

51.1%

-44.0% 18-21

Interest coverage

10.15

-5.4% 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	€2.63M
EBITDA	€1.34M
Net profit	€-225k
Cash flow	€173k
Staff costs	€6.24M
Income taxes	-
Dividends	-
Total assets	€10.03M
Equity	€4.18M
Debt	€5.84M
of which ≤ 1y	€4.07M
of which > 1y	€1.76M
Working capital	€320k
Employees (FTE)	107.6

Ratios (computed)

	2021
Current ratio	1.08
Quick ratio	1.08
Working capital ratio	3.2%
Solvency	41.7%
Debt / equity	1.40
Long-term debt ratio	0.42
Interest coverage	10.15
Gross margin	12.7%
Net margin	-8.6%
ROA	-2.2%
ROE	-5.4%
EBITDA margin	51.1%
Days sales outstanding	169d
Days payable outstanding	73d
Inventory turnover	-
Days inventory (DSI)	0d

Balance-sheet composition 2021

Assets

Fixed assets €5.64M · 56.2% Current assets €4.39M · 43.8%

Equity & liabilities

Equity €4.18M · 41.7% Debt €5.84M · 58.3%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€10.03M
Fixed assets	21/28	€5.64M
Intangible fixed assets	21	€1k
Tangible fixed assets	22/27	€5.06M
Financial fixed assets	28	€573k
Current assets	29/58	€4.39M
Stocks & contracts in progress	3	€0
Amounts receivable within one year	40/41	€3.02M
Investments	50/53	€142k
Cash & bank	54/58	€34k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€10.03M
Equity	10/15	€4.18M
Accumulated profits (losses)	14	€-709k
Amounts payable	17/49	€5.84M
Amounts payable after one year	17	€1.76M
Amounts payable within one year	42/48	€4.07M
Trade debts payable within one year	44	€458k
Income statement
Turnover	70	€2.63M
Operating result	9901	€946k
Financial income	75	€45
Financial charges	65	€1.17M
Result before taxes	9903	€-225k
Net result for the period	9904	€-225k
Result to be appropriated	9905	€-225k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 11 directors

Directors derived from a single State Gazette act, under verification

All 8 current directors first appear in the same act (22092210). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

Caus Inès
Director
State Gazette act 22092210 (01-08-2022)

Current
01-08-2022 → present
De Baets Johan
Director
State Gazette act 22092210 (01-08-2022)

Current
01-08-2022 → present
De Waele Katelijne
Director
State Gazette act 22092210 (01-08-2022)

Current
01-08-2022 → present
Hermanns Philippe
Director
State Gazette act 22092210 (01-08-2022)

Current
01-08-2022 → present
Roberti Adrien
Director
State Gazette act 22092210 (01-08-2022)

Current
01-08-2022 → present
Stijn De Bie
Director
State Gazette act 22092210 (01-08-2022)

Current
01-08-2022 → present

Show 2 more sitting directors

Stroobant Geert
Director
State Gazette act 22092210 (01-08-2022)

Current
01-08-2022 → present
Van Durme Etienne
Director
State Gazette act 22092210 (01-08-2022)

Current
01-08-2022 → present

Former directors (3)

De Decker Michel
Director
State Gazette act 22092210 (01-08-2022)

Former
- → 01-08-2022
Traest Michaël
Director
State Gazette act 22092210 (01-08-2022)

Former
- → 01-08-2022
Van Hecke Victoria
Director
State Gazette act 22092210 (01-08-2022)

Former
- → 01-08-2022

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Directors & mandates3 persons

Role	Name	Tenure	Source
Curator	MIEKE VAN CUYCK SINT-CHRISTIANASTRAAT 48, 9890 04 DIKKELVENNE	27-10-2022 → present	Belgian State Gazette
Curator	PIETER HUYGHE SAVAAN- STRAAT 72, 9000 GENT	27-10-2022 → present	Belgian State Gazette
Curator	LINSE DE LEEUW BRUSSELSESTEENWEG 691, 9050 GENTBRUGGE-	27-10-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	-
Legal form	Non-profit association(017)
Incorporation	01-03-1972
Status	Active
Postal code	9820
First BS signal	04-11-2022
Latest BS signal	04-11-2022

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44413A0051/00D000	Flanders	2.3 ha	1 · 4,121 m²	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

04-11-2022

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · DE HEIDE VZW INDUSTRIE- PARK 6, 9820 MERELBEKE · event 27-10-2022

03-10-2022

NBB filing Annual accounts filed

fiscal year 2021 · verkort

28-09-2022

State Gazette act Director changes

01-08-2022

State Gazette act Director changes

2021

09-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · verkort

2020

01-10-2020

NBB filing Annual accounts filed

fiscal year 2019 · verkort

2019

11-07-2019

NBB filing Annual accounts filed

fiscal year 2018 · verkort

2018

22-05-2018

NBB filing Annual accounts filed

fiscal year 2017 · verkort

2017

29-06-2017

NBB filing Annual accounts filed

fiscal year 2016 · verkort

2016

31-05-2016

NBB filing Annual accounts filed

fiscal year 2015 · verkort

2015

18-05-2015

NBB filing Annual accounts filed

fiscal year 2014 · verkort

2014

28-05-2014

NBB filing Annual accounts filed

fiscal year 2013 · verkort

2013

04-06-2013

NBB filing Annual accounts filed

fiscal year 2012 · verkort

Lifecycle & Insolvency Signals1 events

04-11-2022

Bankruptcy Opening

Date: 27-10-2022 · Ondernemingsrechtbank Gent, afdeling Gent · DE HEIDE VZW INDUSTRIE- PARK 6, 9820 MERELBEKE · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgian State Gazette reading coverage 0 of 11 acts read

We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 3 years ago

2022

28-09-2022 Stefaan Beirens reappointed as company auditor Director changes

Stefaan Beirens, Bedrijfsrevisor

Original publication ↗

Technical details

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01-08-2022 8 directors appointed, 3 resigning Director changes

Van Durme Etienne, Bestuurder
Hermanns Philippe, Bestuurder
Roberti Adrien, Bestuurder
De Baets Johan, Bestuurder
Stroobant Geert, Bestuurder
De Waele Katelijne, Bestuurder
Caus Inès, Bestuurder
Stijn De Bie, Bestuurder

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

De Heide

Registered office

Industriepark 6

9820 Merelbeke-Melle, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.