Heapzilla · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Heapzilla is 0.5% (very low). The 2025 annual accounts show equity of €175k and a net result of €69k. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 77% of 7351 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 77% of 7351 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

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.

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.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	31-08-2026	31 d late	2026-00464496
31-12-2024	31-07-2025	28-08-2025	28 d late	2025-00417922
31-12-2023	31-07-2024	30-08-2024	30 d late	2024-00404592
31-12-2022	31-07-2023	25-08-2023	25 d late	2023-00353462

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.5% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€69k+17.3%

Working capital€168k+26.6%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Net result: growth of ~6.1%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	80.8%	65.0%	better than 77% of 7351 sector peers
Net result	€59k	€32k	better than 77% of 7348 sector peers
Equity	€134k	€58k	better than 81% of 7353 sector peers
Gross operating margin	€76k	€52k	better than 69% of 7342 sector peers
Total assets	€166k	€103k	better than 73% of 7354 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P77

Stable position over 2022-2024 · n=3820-7351

Net result P77

Stable position over 2022-2024 · n=3818-7348

Equity P81

Improving position over 2022-2024 · n=3822-7353

Gross operating margin P69

Stable position over 2022-2024 · n=3812-7342

Describes the position versus peers, not a forecast.

EBITDA

€93k

+23.2% 22-25

Net profit

€69k

+17.3% 22-25

Cash flow

€71k

+16.9% 22-25

Total assets

€222k

+33.7% 22-25

Equity

€175k

+30.3% 22-25

Working capital

€168k

+26.6% 22-25

Income taxes

€23k

+48.6% 22-25

Dividends

€28k

-5.7% 22-25

Show 9 other metrics

Debt

€47k

+47.9% 22-25

Debt ≤ 1y

€47k

+47.9% 22-25

Current ratio

4.57

-11.6% 22-25

Quick ratio

4.57

-11.6% 22-25

Solvency

78.8%

-2.5% 22-25

Debt / equity

0.27

+13.5% 22-25

ROE

39.4%

-10.0% 22-25

ROA

31.1%

-12.3% 22-25

Interest coverage

427.55

+9.3% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€93k
Net profit	€69k
Cash flow	€71k
Staff costs	-
Income taxes	€23k
Dividends	€28k
Total assets	€222k
Equity	€175k
Debt	€47k
of which ≤ 1y	€47k
of which > 1y	-
Working capital	€168k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	4.57
Quick ratio	4.57
Working capital ratio	75.7%
Solvency	78.8%
Debt / equity	0.27
Long-term debt ratio	-
Interest coverage	427.55
Gross margin	-
Net margin	-
ROA	31.1%
ROE	39.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €7k · 3.1% Current assets €215k · 97.0%

Equity & liabilities

Equity €175k · 78.8% Debt €47k · 21.2%

Full annual accounts (21 line items)

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

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€222k
Fixed assets	21/28	€7k
Tangible fixed assets	22/27	€7k
Current assets	29/58	€215k
Amounts receivable within one year	40/41	€13k
Cash & bank	54/58	€202k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€222k
Equity	10/15	€175k
Contributions / capital	10/11	€100
Reserves	13	€170k
Accumulated profits (losses)	14	€5k
Amounts payable	17/49	€47k
Amounts payable within one year	42/48	€47k
Trade debts payable within one year	44	€355
Income statement
Gross operating margin	9900	€93k
Operating result	9901	€92k
Financial charges	65	€218
Result before taxes	9903	€91k
Income taxes	67/77	€23k
Net result for the period	9904	€69k
Result to be appropriated	9905	€69k

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.

Health barometer

FY 2025 · computed

100 / 100 Excellent

050100

Computed from 5 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 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Rubenshof 203300 Tienen

Establishment units

1 location

Heapzilla

Rubenshof 20, 3300 TienenUitgeven van overige software

since 20222.332.996.290

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area915 m²

Buildings1

Building footprint129 m²

Volume (LiDAR)620 m³

Tallest building7.7 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.
24107B0330/00P004	Flanders	915 m²	1 · 129 m²	7.7 m · 2 fl.

Methodology

via registered seat: 1

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

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

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.