HEINS FRERES
ActiveSummary
HEINS FRERES has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €466k and a net result of €21k. Equity is growing by ~31.3% per year across the filed fiscal years. Its solvency ranks better than 86% of 1290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-20
Solvency95▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.95 against 2.6 in 2023; short-term debt: 28.6% and cash: 9.3% of total assets), and 30.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
not confirmed
2024
28 d late
2023
14 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
53 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21k▼ 84.5%
2023 · €133k
2018: €52k
2019: €36k
2020: €34k
2021: €41k
2022: €149k
2023: €133k
2018 → 2024
Working capital
€374k▲ 2.1%
2023 · €366k
2018: €42k
2019: €17k
2020: €-37k
2021: €108k
2022: €255k
2023: €366k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€157k-€201k▲ 28.3%€348k▲ 73.0%€448k▲ 28.9%€466k▲ 4.0%
Operating result€53k-€71k▲ 35.5%€230k▲ 221%€196k▼ 14.5%€29k▼ 85.2%
Net result€34k-€41k▲ 22.7%€149k▲ 262%€133k▼ 10.6%€21k▼ 84.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 85% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €669k
Fixed assets
€104k ▼ 1.5%
Current assets
€565k ▼ 4.9%
Equity and liabilities €669k
Equity
€466k ▲ 4.0%
Debt
€204k ▼ 19.4%
Debt's share of the balance-sheet total falls from 36.0% to 30.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▼
2023 · €259k
Cash flow
€47k▼
2023 · €197k
Current ratio
2.95▲
2023 · 2.60
Quick ratio
2.73▲
2023 · 2.60
Debt to equity
0.44▼
2023 · 0.56
ROE
4.4%▼
2023 · 29.8%
ROA
3.1%▼
2023 · 19.0%
Interest coverage
8.30▼
2023 · 42.11
Debt ≤ 1 year
€192k▼
2023 · €229k
Debt > 1 year
€7k▼
2023 · €20k
Income taxes
€9k▼
2023 · €58k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€700k€669k▼
Fixed assets21/28€106k€104k▼
Tangible fixed assets22/27€106k€98k▼
Land and buildings22€65k€64k▼
Plant, machinery and equipment23€34k€32k▼
Furniture and vehicles24€6k€2k▼
Financial fixed assets28-€6k
Current assets29/58€595k€565k▼
Stocks and contracts in progress3-€43k
Stocks30/36-€43k
Amounts receivable within one year40/41€159k€428k▲
Trade receivables40€159k€133k▼
Other amounts receivable41-€296k
Cash at bank and in hand54/58€410k€62k▼
Deferred charges and accrued income490/1€25k€32k▲
Equity and liabilities
Total equity and liabilities10/49€700k€669k▼
Equity10/15€448k€466k▲
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€435k€454k▲
Distributable reserves133€435k€454k▲
Investment grants15€6k€5k▼
Amounts payable17/49€253k€204k▼
Amounts payable after more than one year17€20k€7k▼
Financial debts170/4€20k€7k▼
Amounts payable within one year42/48€229k€192k▼
Current portion of amounts payable after more than one year42€34k€13k▼
Trade debts44€40k€40k▼
Suppliers440/4€40k€40k▼
Taxes, remuneration and social security45€62k€37k▼
Taxes450/3€55k€30k▼
Remuneration and social security454/9€7k€7k▲
Other amounts payable47/48€94k€101k▲
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€27k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€262k€59k▼
Operating profit (loss)9901€196k€29k▼
Financial income75/76B€1k€8k▲
Recurring financial income75€1k€8k▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€191k€30k▼
Income taxes67/77€58k€9k▼
Profit (loss) for the period9904€133k€21k▼
Profit (loss) for the period to be appropriated9905€133k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€133k€21k▼
Transfer from equity791/2€2k-
Transfer to equity691/2€134k€19k▼
To other reserves6921€134k€19k▼
Profit to be distributed694/7€2k€2k▲
Return on contributions (dividend)694€2k€2k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €21k ▼84.5%
Net result drops to €21k, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 14 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €149k ▲262%
Operating result €230k, net result €149k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Equity above €200kEq €201k ▲28.3%
4 profitable years in a row build equity to €201k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €157k ▲24.7%
3 profitable years in a row build equity to €157k.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2019
31-12
Financial
Equity above €100kEq €126k ▲36.7%
2 profitable years in a row build equity to €126k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
Show earlier events
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Limbourg · 1 establishment unit since 2008
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.
Au Pairon 294831 LimbourgGround area
1,043 m²
Building footprint
170 m²
Volume, LiDAR
1,041 m³
Parcel 63009B0126/00V000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HEINS FRERES
since 20082.171.775.560
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63009B0126/00V000 | Wallonia | 1,043 m² | 1 · 170 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
DUGEOS
BE 0740.559.168
Kortrijk · Eq €465,665
BaetensBouw
BE 0843.483.393
Dendermonde · Eq €465,620
BELGA TOITURE
BE 0838.031.302
Braine-l'Alleud · Eq €465,600
AS RENOV
BE 0746.556.540
Machelen (Brab.) · Eq €466,422
S.G. CONSTRUCTION
BE 0824.071.022
Ans · Eq €465,480
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 9,507 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
Founded27-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43422Screed work
43910Bricklaying and masonry work
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.