HEINRICHS Frères
ActiveSummary
HEINRICHS Frères has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €-7k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 4621 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 4.41 against 4.42 in 2024; short-term debt: 5.8% and cash: 9.3% of total assets), and 12.1% 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 · 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
14 d late
2023
29 d late
2022
32 d late
2021
30 d late
2020
30 d late
2019
28 d late
← 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, micro schema
Equity
€73k▼ 8.6%
2024 · €80k
2018: €-26k
2019: €30k
2020: €60k
2021: €103k
2022: €95k
2023: €84k
2024: €80k
2018 → 2025
Total assets
€83k▼ 9.4%
2024 · €92k
2018: €66k
2019: €63k
2020: €69k
2021: €126k
2022: €110k
2023: €97k
2024: €92k
2018 → 2025
Net result
€-7k▼ 49.3%
2024 · €-5k
2018: €-8k
2019: €56k
2020: €29k
2021: €43k
2022: €-8k
2023: €-10k
2024: €-5k
2018 → 2025
Working capital
€16k▼ 15.8%
2024 · €20k
2018: €-56k
2019: €-7k
2020: €13k
2021: €35k
2022: €31k
2023: €25k
2024: €20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€103k-€95k▼ 7.8%€84k▼ 10.7%€80k▼ 5.5%€73k▼ 8.6%
Operating result€54k-€-9k€-11k▼ 26.6%€-5k▲ 50.1%€-8k▼ 40.7%
Net result€43k-€-8k€-10k▼ 25.7%€-5k▲ 54.5%€-7k▼ 49.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €5k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83k
Fixed assets
€62k ▼ 7.1%
Current assets
€21k ▼ 15.7%
Equity and liabilities €83k
Equity
€73k ▼ 8.6%
Provisions
€5k ▼ 14.4%
Debt
€5k ▼ 15.6%
Debt's share of the balance-sheet total falls from 6.2% to 5.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2024 · €-272
Cash flow
€-2k▼
2024 · €596
Current ratio
4.41▼
2024 · 4.42
Quick ratio
3.89▼
2024 · 3.96
Debt to equity
0.07▼
2024 · 0.07
ROE
-9.4%▼
2024 · -5.8%
ROA
-8.3%▼
2024 · -5.0%
Interest coverage
-34.37▼
2024 · -3.64
Debt ≤ 1 year
€5k▼
2024 · €6k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€92k€83k▼
Fixed assets21/28€66k€62k▼
Tangible fixed assets22/27€66k€62k▼
Land and buildings22€33k€33k=
Plant, machinery and equipment23€33k€29k▼
Current assets29/58€25k€21k▼
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€10k€10k▲
Trade receivables40-€403
Other amounts receivable41€10k€10k▼
Cash at bank and in hand54/58€12k€8k▼
Deferred charges and accrued income490/1€703€745▲
Equity and liabilities
Total equity and liabilities10/49€92k€83k▼
Equity10/15€80k€73k▼
Contributions10/11€19k€19k=
Reserves13€20k€18k▼
Tax-exempt reserves132€18k€16k▼
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€41k€37k▼
Provisions and deferred taxes16€6k€5k▼
Deferred taxes168€6k€5k▼
Amounts payable17/49€6k€5k▼
Amounts payable within one year42/48€6k€5k▼
Trade debts44€950-
Suppliers440/4€950-
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€3k€3k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€4k€2k▼
Operating profit (loss)9901€-5k€-8k▼
Financial income75/76B€63€14▼
Recurring financial income75€63€14▼
Financial charges65/66B€75€70▼
Recurring financial charges65€75€70▼
Profit (loss) for the period before taxes9903€-5k€-8k▼
Transfer from deferred taxes780€880€880=
Profit (loss) for the period9904€-5k€-7k▼
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€-2k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€37k▼
Profit (loss) brought forward from the previous period14P€43k€41k▼
The notes to these accounts (5 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €100kEq €103k ▲72.3%
3 profitable years in a row build equity to €103k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 2.36
Current ratio from 0.77 to 2.36; short-term debt falls from €32k to €10k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Spa · 2 establishment units since 1986
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.
Avenue Reine Astrid 104900 SpaGround area
6,541 m²
Building footprint
173 m²
Volume, LiDAR
865 m³
2 parcels, Wallonia · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Avenue Reine Astrid 10, 4900 Spa
since 19862.037.332.867
Avenue de la Station 19, 4130 Esneux
since 20012.209.022.372
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63072E0529/00A000indicative | Wallonia | 6,346 m² | 1 · 117 m² | 9.1 m · 1 fl. |
| 62032C0664/00G005 | Wallonia | 195 m² | 1 · 56 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Anything Els
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FENRO
BE 1021.032.886
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WIDERNE PROJECT
BE 0675.399.221
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Of 21,748 companies in sector 96210 we hold annual accounts for 2,833. 1,943 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
Founded05-02-1986
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.