HEINRICHS
ActiveSummary
HEINRICHS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €907k and a net result of €44k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 87 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+1
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 4.9 against 3.82 in 2024; short-term debt: 13.9% and cash: 48.9% of total assets), and 19.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
lower
← 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
80.1%
Return on assets
3.8%
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
50 d early
2023
61 d early
2022
61 d early
2021
33 d early
2020
31 d early
2019
52 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
Not included in this filing
EBIT margin
Not included in this filing
Net result
€44k▼ 4.2%
2024 · €45k
2018: €8k
2019: €55k
2020: €97k
2021: €148k
2022: €45k
2023: €111k
2024: €45k
2018 → 2025
Working capital
€616k▲ 24.5%
2024 · €495k
2018: €296k
2019: €285k
2020: €343k
2021: €73k
2022: €354k
2023: €286k
2024: €495k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€789k-€799k▲ 1.2%€874k▲ 9.4%€907k▲ 3.8%€907k=
Operating result€154k-€22k▼ 86.0%€90k▲ 314%€-18k€12k
Net result€148k-€45k▼ 69.5%€111k▲ 145%€45k▼ 59.0%€44k▼ 4.2%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12k after a loss of €18k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€358k ▼ 36.8%
Current assets
€774k ▲ 15.4%
Equity and liabilities €1.13M
Equity
€907k =
Debt
€225k ▼ 31.9%
Debt's share of the balance-sheet total falls from 26.7% to 19.9%. Debt is lower.
Key figures and ratios
EBITDA
€237k▼
2024 · €283k
Cash flow
€269k▼
2024 · €346k
Current ratio
4.90▲
2024 · 3.82
Quick ratio
4.40▲
2024 · 3.36
Debt to equity
0.25▼
2024 · 0.36
ROE
4.8%▼
2024 · 5.0%
ROA
3.8%▲
2024 · 3.7%
Interest coverage
19.76▼
2024 · 25.40
Debt ≤ 1 year
€158k▼
2024 · €176k
Debt > 1 year
€67k▼
2024 · €155k
Income taxes
€284▼
2024 · €295
Staff costs
€26k▲
2024 · €19k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.24M€1.13M▼
Fixed assets21/28€567k€358k▼
Tangible fixed assets22/27€567k€358k▼
Land and buildings22€45k€38k▼
Plant, machinery and equipment23€460k€301k▼
Furniture and vehicles24€35k€19k▼
Leasing and similar rights25€27k-
Financial fixed assets28€135€135=
Current assets29/58€670k€774k▲
Stocks and contracts in progress3€80k€80k=
Stocks30/36€80k€80k=
Amounts receivable within one year40/41€361k€130k▼
Trade receivables40€361k€130k▼
Cash at bank and in hand54/58€212k€554k▲
Deferred charges and accrued income490/1€18k€10k▼
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.13M▼
Equity10/15€907k€907k=
Contributions10/11€134k€134k=
Capital10€134k€134k=
Issued capital100€134k€134k=
Reserves13€19k€19k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€659k€702k▲
Investment grants15€96k€52k▼
Amounts payable17/49€330k€225k▼
Amounts payable after more than one year17€155k€67k▼
Financial debts170/4€155k€67k▼
Amounts payable within one year42/48€176k€158k▼
Current portion of amounts payable after more than one year42€125k€103k▼
Trade debts44€32k€35k▲
Suppliers440/4€32k€35k▲
Taxes, remuneration and social security45€5k€5k▲
Taxes450/3€294€281▼
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€14k€15k▲
Income statement
Code20242025
Remuneration, social security and pensions62€19k€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€300k€225k▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€307k€267k▼
Operating profit (loss)9901€-18k€12k▲
Financial income75/76B€75k€44k▼
Recurring financial income75€75k€44k▼
Financial charges65/66B€11k€12k▲
Recurring financial charges65€11k€12k▲
Profit (loss) for the period before taxes9903€46k€44k▼
Income taxes67/77€295€284▼
Profit (loss) for the period9904€45k€44k▼
Profit (loss) for the period to be appropriated9905€45k€44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€659k€702k▲
Profit (loss) brought forward from the previous period14P€613k€659k▲
Social balance
Average headcount (FTE)9087-0.6
The notes to these accounts (7 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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity triplescurrent ratio 2.95
Current ratio from 1.12 to 2.95; short-term debt falls from €610k to €182k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €148k ▲52.6%
Operating result €154k, net result €148k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €500kEq €544k ▲11.4%
2 profitable years in a row build equity to €544k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sankt Vith · 1 establishment unit since 1996
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.
Frodervenn,Emmels 34780 Sankt Vith1 establishment unit
Frodervenn,Emmels 3, 4780 Sankt Vith
since 19962.075.212.753
Similar companies · same sector, comparable size
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BE 0882.007.043
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J.D.A. FOREST
BE 0435.764.877
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DENIS DEHARD
BE 0876.757.858
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Domaine de Ramezée
BE 0439.100.390
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SERVICES - FOURNITURES - REALISATIONS
BE 0478.413.797
Tinlot · Eq €945k
Of 1,556 companies in sector 02200 we hold annual accounts for 449. 293 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 formPrivate limited company
Founded13-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
02200Logging
46832Wholesale of timber
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filings
Scores and ratios are computed by Checked and are not a credit decision.