LIZA HEYVAERT
ActiveSummary
The computed 12-month bankruptcy probability of LIZA HEYVAERT is 1.5% (moderate). The 2025 annual accounts show negative equity (€-15k) and a net result of €-50k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 7% of 218 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-54
Solvency0▼-50
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.46 against 0.38 in 2024; short-term debt: 28.9% and cash: 99.4% of total assets), but equity is negative.
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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-34.3%
Return on assets
-115.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Sector 32
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-15k
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 20-05-2026, 72 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
72 d early
2024
41 d early
2023
24 d early
2022
53 d early
2021
31 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, abbreviated schema
Equity
€-15k
2024 · €35k
2021: €23k
2022: €22k
2023: €31k
2024: €35k
2021 → 2025
Total assets
€43k▼ 69.8%
2024 · €144k
2021: €159k
2022: €149k
2023: €150k
2024: €144k
2021 → 2025
Net result
€-50k
2024 · €5k
2021: €18k
2022: €-1k
2023: €9k
2024: €5k
2021 → 2025
Working capital
€31k
2024 · €-13k
2021: €-42k
2022: €-52k
2023: €-10k
2024: €-13k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€22k▼ 5.2%€31k▲ 39.9%€35k▲ 15.4%€-15k
Operating result€26k-€460▼ 98.2%€16k▲ 3,406%€10k▼ 36.4%€-4k
Net result€18k-€-1k€9k€5k▼ 46.1%€-50k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €10k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43k
Fixed assets
€25 ▼ 100.0%
Current assets
€43k ▲ 457%
Key figures and ratios
EBITDA
€-3k▼
2024 · €13k
Cash flow
€-49k▼
2024 · €7k
Solvency
-34.3%▼
2024 · 24.6%
Current ratio
3.46▲
2024 · 0.38
Debt to equity
-3.91▼
2024 · 3.06
ROA
-115.8%▼
2024 · 3.3%
Interest coverage
-5.03▼
2024 · 3.78
Debt
€58k▼
2024 · €108k
Debt ≤ 1 year
€13k▼
2024 · €21k
Debt > 1 year
€46k▼
2024 · €84k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€144k€43k▼
Fixed assets21/28€136k€25▼
Intangible fixed assets21€1-
Tangible fixed assets22/27€968€25▼
Plant, machinery and equipment23€907€25▼
Furniture and vehicles24€61-
Financial fixed assets28€135k-
Current assets29/58€8k€43k▲
Stocks and contracts in progress3€2k-
Stocks30/36€2k-
Amounts receivable within one year40/41€1k€240▼
Trade receivables40€1k-
Other amounts receivable41-€240
Cash at bank and in hand54/58€5k€43k▲
Equity and liabilities
Total equity and liabilities10/49€144k€43k▼
Equity10/15€35k€-15k▼
Contributions10/11€5k€5k=
Reserves13€30k€30k=
Distributable reserves133€30k€30k=
Profit (loss) carried forward14-€-50k
Amounts payable17/49€108k€58k▼
Amounts payable after more than one year17€84k€46k▼
Financial debts170/4€84k€46k▼
Amounts payable within one year42/48€21k€13k▼
Current portion of amounts payable after more than one year42€12k€13k▲
Trade debts44€2k-
Suppliers440/4€2k-
Taxes, remuneration and social security45€5k-
Taxes450/3€4k-
Remuneration and social security454/9€1k-
Other amounts payable47/48€704-
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€944▼
Other operating charges640/8€413€288▼
Gross operating margin9900€13k€-3k▼
Operating profit (loss)9901€10k€-4k▼
Financial income75/76B-€4k
Recurring financial income75-€4k
Financial charges65/66B€3k€51k▲
Recurring financial charges65€3k€625▼
Non-recurring financial charges66B-€50k
Profit (loss) for the period before taxes9903€7k€-50k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€5k€-50k▼
Profit (loss) for the period to be appropriated9905€5k€-50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-50k▼
Transfer to equity691/2€5k-
To other reserves6921€5k-
The notes to these accounts (13 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
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-50k ▼1168%
Net result drops to €-50k, the lowest in the series.
31-12
Financial
Liquidity times 9current ratio 3.46
Current ratio from 0.38 to 3.46; short-term debt falls from €21k to €13k.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Dendermonde · 1 establishment unit since 2020
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.
Krijgem (DEN) 179200 DendermondeGround area
3,954 m²
Building footprint
322 m²
Volume, LiDAR
1,808 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LIZA HEYVAERT
since 20202.298.706.790
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42006B0717/00B000 | Flanders | 3,684 m² | 1 · 232 m² | 9.3 m · 2 fl. |
| 44432C0369/00Y002 | Flanders | 270 m² | 1 · 90 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 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
SO WE ARE
BE 0682.699.559
Leuven · Eq €35,381
ELLIPSE JEWELLERY
BE 0792.737.151
Huldenberg · Eq €35,223
KS OLYMPIC
BE 0458.532.955
Schaarbeek · Eq €35,784
FF design
BE 0731.793.635
Ukkel · Eq €36,801
GELISSEN & CO
BE 0797.085.622
Wavre · Eq €37,597
Of 1,529 companies in sector 32123 we hold annual accounts for 225. 180 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
Founded24-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
32123Manufacture of jewellery
47770Retail sale of watches and jewellery
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.