HEPPNER BELGIUM

Active

Private limited companyfounded 200718 yrs activeIndustrielaan 11, 1740 Ternat, BelgiumKBO/BCE: BE 0892.078.613

The computed 12-month bankruptcy probability of HEPPNER BELGIUM is 1.6% (moderate). The 2025 annual accounts show negative equity (€-1.36M) and a net result of €-2.07M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1832 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

7 / 100

Critical▼ -38 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+100

Solvency34▼-4

Growth32▼-20

Stability100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.53 against 1.03 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-51.4%

Return on assets

-78.4%

Age of the figures

8 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€1.4M

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

19 d late

2024

6 d early

2023

30 d early

2022

12 d early

2021

129 d early

2020

31 d late

2019

on the day

← before the deadline after the deadline →

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 months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

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 2025, abbreviated schema

Equity

€-1.36M

2024 · €715k

2018: €258k 2019: €344k 2020: €398k 2021: €229k 2022: €-298k 2023: €1.49M 2024: €715k

2018 → 2025

Total assets

€2.64M▼ 7.6%

2024 · €2.86M

2018: €1.59M 2019: €2.38M 2020: €3.49M 2021: €2.86M 2022: €2.42M 2023: €5.52M 2024: €2.86M

2018 → 2025

Net result

€-2.07M▼ 167%

2024 · €-776k

2018: €88k 2019: €236k 2020: €-27k 2021: €-169k 2022: €-527k 2023: €-1.21M 2024: €-776k

2018 → 2025

Working capital

€-1.72M

2024 · €74k

2018: €203k 2019: €289k 2020: €314k 2021: €163k 2022: €-571k 2023: €898k 2024: €74k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€229k-€-298k€1.49M€715k▼ 52.1%€-1.36M

Operating result€-159k-€-514k▼ 222%€-1.15M▼ 124%€-769k▲ 33.3%€-1.92M▼ 150%

Net result€-169k-€-527k▼ 212%€-1.21M▼ 130%€-776k▲ 36.0%€-2.07M▼ 167%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €1.92M in 2025 against €769k in 2024; the loss grows and 2025 is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.64M

25.2%

74.8%

Fixed assets €665k▼ 2.9%

Current assets €1.98M▼ 9.1%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-1.70M▼

2024 · €-583k

Cash flow

€-1.85M▼

2024 · €-590k

Solvency

-51.4%▼

2024 · 25.0%

Current ratio

0.53▼

2024 · 1.03

Quick ratio

0.53▼

2024 · 1.03

Debt / equity

-2.94▼

2024 · 3.00

ROE

152.6%▲

2024 · -108.6%

ROA

-78.4%▼

2024 · -27.1%

Interest coverage

-41.17▲

2024 · -58.71

Debt

€4.00M▲

2024 · €2.14M

Debt ≤ 1 year

€3.70M▲

2024 · €2.10M

Income taxes

€3k▼

2024 · €19k

Staff costs

€1.88M▼

2024 · €1.97M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€2.86M€2.64M▼

Fixed assets21/28€685k€665k▼

Intangible fixed assets21€657k€538k▼

Tangible fixed assets22/27€24k€120k▲

Plant, machinery and equipment23€21k€90k▲

Furniture and vehicles24€2k€31k▲

Financial fixed assets28€4k€6k▲

Current assets29/58€2.18M€1.98M▼

Amounts receivable within one year40/41€1.97M€1.68M▼

Trade receivables40€1.76M€1.49M▼

Other amounts receivable41€210k€194k▼

Cash at bank and in hand54/58€206k€289k▲

Deferred charges and accrued income490/1€4k€10k▲

Equity and liabilities

Total equity and liabilities10/49€2.86M€2.64M▼

Equity10/15€715k€-1.36M▼

Contributions10/11€3.05M€3.05M=

Reserves13€55k€55k=

Tax-exempt reserves132€55k€55k=

Profit (loss) carried forward14€-2.39M€-4.46M▼

Provisions and deferred taxes16€4k€4k=

Provisions for liabilities and charges160/5€4k€4k=

Environmental obligations163€4k€4k=

Amounts payable17/49€2.14M€4.00M▲

Amounts payable within one year42/48€2.10M€3.70M▲

Trade debts44€1.76M€1.38M▼

Suppliers440/4€1.76M€1.38M▼

Taxes, remuneration and social security45€341k€333k▼

Taxes450/3€33k€39k▲

Remuneration and social security454/9€307k€294k▼

Other amounts payable47/48€156€1.99M▲

Accrued charges and deferred income492/3€40k€295k▲

Income statement Code20242025

Remuneration, social security and pensions62€1.97M€1.88M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€185k€224k▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€0-

Other operating charges640/8€68k€66k▼

Gross operating margin9900€1.46M€247k▼

Operating profit (loss)9901€-769k€-1.92M▼

Financial income75/76B€22k€4k▼

Recurring financial income75€22k€4k▼

Financial charges65/66B€10k€153k▲

Recurring financial charges65€10k€41k▲

Non-recurring financial charges66B-€112k

Profit (loss) for the period before taxes9903€-757k€-2.07M▼

Income taxes67/77€19k€3k▼

Profit (loss) for the period9904€-776k€-2.07M▼

Profit (loss) for the period to be appropriated9905€-776k€-2.07M▼

Appropriation of the result

Profit (loss) to be appropriated9906€-2.39M€-4.46M▼

Profit (loss) brought forward from the previous period14P€-1.61M€-2.39M▼

Social balance

Average headcount (FTE)908734.032.9▼

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

19-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 19 days late

2025

31-12

Financial Weakest financial yearnet €-2.07M

Net result drops to €-2.07M, the lowest in the series.

25-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

01-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Equity above €1MEq €1.49M

Equity rises from €-298k to €1.49M.

19-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2021

22-12

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

31-05

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 31 days late

2020

30-04

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

30-09

Financial Highest result since 2018net €236k ▲167%

Operating result €298k, net result €236k, both a record.

30-04

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

27-04

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

04-04

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2023

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

05-04-2023 Ghislain Fernandez: Resigned as Director

21-12-2021 HEPPNER BELGIUM HOLDING: Resigned as Director

21-12-2021 Integrid: Resigned as Director

31-08-2015 Dimitry De Koker: Resigned as Manager

31-08-2015 Nathalie Croquet: Resigned as Manager

Location & real-estate footprint

Registered office, Ternat · 1 establishment unit since 2007

establishment The establishment unit 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.

Industrielaan 111740 Ternat

Ground area