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HEARTKINETICS

Open bankruptcy
Public limited companyfounded 2019Rue Auguste Piccard 48, 6041 Charleroi, BelgiumKBO/BCE: BE 0728.461.387

A bankruptcy procedure is open for HEARTKINETICS according to publications in the Belgian State Gazette; curator: HERVE POLLET.

Summary

The 2022 annual accounts show equity of €1.78M and a net result of €-1.04M.

Signals

Three signals. The signal on the left, the evidence on the right.
+raises riskneutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-06-2023, 33 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
33 d early
2021
68 d early
2020
13 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2022, micro schema

Equity
€1.78M▲ 24.8%
2021 · €1.43M
2020: €249k 2021: €1.43M
2020 → 2022
Total assets
€2.90M▲ 92.5%
2021 · €1.51M
2020: €302k 2021: €1.51M
2020 → 2022
Net result
€-1.04M▼ 755%
2021 · €-122k
2020: €-2k 2021: €-122k
2020 → 2022
Working capital
€292k▼ 72.5%
2021 · €1.06M
2020: €63k 2021: €1.06M
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line202020212022Trend
Equity€249k-€1.43M▲ 474%€1.78M▲ 24.8%
Operating result€-36k-€-156k▼ 338%€-1.07M▼ 585%
Net result€-2k-€-122k▼ 4,782%€-1.04M▼ 755%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-1.50M€-1.00M€-500k€0Operating result 2020: €-36k€-36kNet result 2020: €-2k€-2kOperating result 2021: €-156k€-156kNet result 2021: €-122k€-122kOperating result 2022: €-1.07M€-1.07MNet result 2022: €-1.04M€-1.04M202020212022€-1.5M€-1M€-500k€0Operating result 2020: €-36k€-36kNet result 2020: €-2k€-2.5kOperating result 2021: €-156k€-156kNet result 2021: €-122k€-122kOperating result 2022: €-1.07M€-1.1MNet result 2022: €-1.04M€-1M202020212022
The operating result stays negative: a loss of €1.07M in 2022 against €156k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.90M
Fixed assets €1.77M ▲ 371%
Current assets €1.14M ▲ 0.3%
Equity and liabilities €2.90M
Equity €1.78M ▲ 24.8%
Provisions €8k =
Debt €1.11M ▲ 1,464%
Debt's share of the balance-sheet total rises from 4.7% to 38.3%. Equity and debt are higher.
Key figures and ratios
2022 value · change against 2021
EBITDA
€-1.03M
2021 · €-90k
Cash flow
€-1.01M
2021 · €-57k
Current ratio
1.34
2021 · 15.92
Debt to equity
0.62
2021 · 0.05
ROE
-58.4%
2021 · -8.5%
ROA
-35.9%
2021 · -8.1%
Interest coverage
-83.58
2021 · -42.41
Debt ≤ 1 year
€845k
2021 · €71k
Debt > 1 year
€268k
2021 · €0
Staff costs
€565k
2021 · €85k
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 · 2022 against 2021 · 57 lines
Balance sheet Code20212022
Assets
Total assets20/58€1.51M€2.90M
Formation expenses20€0€881
Fixed assets21/28€375k€1.77M
Intangible fixed assets21€355k€1.67M
Tangible fixed assets22/27€15k€94k
Plant, machinery and equipment23€6k€10k
Furniture and vehicles24€9k€66k
Other tangible fixed assets26-€18k
Financial fixed assets28€5k€7k
Current assets29/58€1.13M€1.14M
Amounts receivable within one year40/41€158k€579k
Trade receivables40€11k€13k
Other amounts receivable41€148k€566k
Cash at bank and in hand54/58€969k€553k
Deferred charges and accrued income490/1€6k€5k
Equity and liabilities
Total equity and liabilities10/49€1.51M€2.90M
Equity10/15€1.43M€1.78M
Contributions10/11€1.45M€1.45M=
Capital10€1.45M€1.45M=
Issued capital100€1.45M€1.45M=
Outside capital11€0-
Other1109/19€0-
Profit (loss) carried forward14€-124k€-1.17M
Investment grants15€102k€1.50M
Provisions and deferred taxes16€8k€8k=
Deferred taxes168€8k€8k=
Amounts payable17/49€71k€1.11M
Amounts payable after more than one year17€0€268k
Financial debts170/4€0€268k
Amounts payable within one year42/48€71k€845k
Current portion of amounts payable after more than one year42€0€482k
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€49k€162k
Suppliers440/4€49k€162k
Taxes, remuneration and social security45€12k€149k
Taxes450/3€330€38k
Remuneration and social security454/9€11k€111k
Other amounts payable47/48€10k€46k
Accrued charges and deferred income492/3€0-
Income statement Code20212022
Non-recurring operating income76A-€58k
Goods, raw materials, services and sundry goods60/61€119k-
Remuneration, social security and pensions62€85k€565k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€36k
Other operating charges640/8€498€602
Gross operating margin9900€-4k€-464k
Operating profit (loss)9901€-156k€-1.07M
Financial income75/76B€33k€36k
Recurring financial income75€33k€36k
Financial charges65/66B€2k€12k
Recurring financial charges65€2k€12k
Profit (loss) for the period before taxes9903€-124k€-1.04M
Transfer from deferred taxes780€3k€0
Profit (loss) for the period9904€-122k€-1.04M
Profit (loss) for the period to be appropriated9905€-122k€-1.04M
Appropriation of the result
Profit (loss) to be appropriated9906€-124k€-1.17M
Profit (loss) brought forward from the previous period14P€-2k€-124k

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

2024
01-03
Bankruptcy Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · HEARTKINETICS SA RUE AUGUSTE PICCARD 48, 6041 GOSSELIES · event 26-02-2024
2023
28-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Weakest financial yearnet €-1.04M
Net result drops to €-1.04M, the lowest in the series.
24-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Liquidity times 7current ratio 15.92
Current ratio from 2.41 to 15.92.
31-12
Financial Equity above €1MEq €1.43M ▲474%
Equity rises from €249k to €1.43M.
13-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
7 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, Charleroi · 2 establishment units since 2019
establishment approximate All 2 establishment units on the map
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.

Rue Auguste Piccard 486041 Charleroi
Ground area
2.1 ha
Building footprint
3,158 m²
Volume, LiDAR
54,688 m³
3 parcels, Wallonia · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Avenue du Château Jaco 1, 1410 Waterloo
Scientific research and development
since 20192.291.687.257
HEARTKINETICS
Scientific research and development
since 20212.329.112.926
3 parcels
Wallonia 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25763M0621/00F000indicative Wallonia 1.0 ha 1 · 1,772 m² 22.9 m · 6 fl.
52028B0323/00M003 Wallonia 8,679 m² 1 · 791 m² 18.8 m · 5 fl.
25110B0610/00F000 Wallonia 1,823 m² 1 · 594 m² 16.9 m · 5 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate
Role Name Tenure
Curator HERVE POLLET
RUE T’SERCLAES DE TILLY 49, 6061 MONTIGNIES-SUR-SAMBRE- . Date provisoire de cessation de paiement : 26/02/2024
26-02-2024present

Public money · subsidies and aid

European Union, budget

2023 · 2 entries · 118,151 EUR in total
Year Entries awarded
2023 2 118,151 EUR
Projects
ASSESS-DHT - ASSESS-DHT: DEVELOPMENT AND HARMONISATION OF METHODOLOGIES FOR ASSESSING DIGITAL HEALTH TECHNOLOGIES IN EUROPE
Horizon Europe · 01-01-2024 to 31-12-2026 · 118,151 EUR

European research

1 project
Programmes
Horizon Europe
1 entry
Projects
ASSESS-DHT: DEVELOPMENT AND HARMONISATION OF METHODOLOGIES FOR ASSESSING DIGITAL HEALTH TECHNOLOGIES IN EUROPE
Horizon Europe · participant · 01-01-2024 to 31-12-2026 · ASSESS-DHT

Similar companies · same sector, comparable size

Of 423 companies in sector 72200 we hold annual accounts for 145. 79 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
Founded13-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
72200Scientific research and development
58290Other software publishing
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

3 entries
E-mail:administrateur@heartkinetics.com
Enterprise
E-mail:pierre-francois@heartkinetics.com
Establishment 2.329.112.926
Phone:0486308721
Establishment 2.329.112.926