NORMAL SITUATION

HEARTWORK

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Financial year 2023 · closed on 31/12/2023

Net result

-13,2 k €

-156.2% YoY

Gross margin

34 k €

-55.2% YoY

Equity

99,4 k €

-11.7% YoY

Company — Normal situation.

What does HEARTWORK do?

HEARTWORK is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0879.288.667

Legal form

Private limited company

Contributed capital

6 200,00 €

Latest accounts

31/12/2023

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	34 k €	-55.2%	76 k €	-19.4%	94,3 k €	+2.7%	91,8 k €	-16.8%	110,4 k €	-18.4%	135,3 k €	-1.7%	137,7 k €	-12.5%	157,4 k €	-5.4%	166,4 k €	+17.4%	141,7 k €	+14.1%	124,2 k €	+19.0%	104,4 k €	+19.7%	87,2 k €	-15.5%	103,2 k €	+10.0%	93,8 k €	-15.5%	111 k €	-25.8%	149,5 k €
EBITDA	31 k €	-57.7%	73,3 k €	-19.8%	91,3 k €	+3.0%	88,7 k €	-17.6%	107,6 k €	-18.8%	132,4 k €	-1.5%	134,5 k €	-1.4%	136,4 k €	+4.2%	131 k €	+24.5%	105,2 k €	-13.4%	121,5 k €	+19.1%	102,1 k €	+19.4%	85,5 k €	-15.5%	101,1 k €	+10.1%	91,9 k €	-6.2%	97,9 k €	-8.6%	107,1 k €
Operating result	-4,6 k €	-112%	39,4 k €	-30.8%	57 k €	+11.1%	51,3 k €	-23.8%	67,3 k €	-25.2%	90 k €	-0.3%	90,2 k €	-0.7%	90,9 k €	+5.2%	86,4 k €	+42.7%	60,5 k €	-21.7%	77,3 k €	+32.2%	58,5 k €	+48.0%	39,5 k €	-34.5%	60,3 k €	+4.5%	57,7 k €	-16.0%	68,7 k €	+13.5%	60,5 k €
Net result	-13,2 k €	-156%	23,5 k €	-38.5%	38,2 k €	+16.4%	32,8 k €	-35.9%	51,2 k €	-26.6%	69,8 k €	+10.6%	63,1 k €	-0.5%	63,4 k €	+8.4%	58,5 k €	+67.8%	34,8 k €	-28.7%	48,9 k €	+94.8%	25,1 k €	+193%	8,6 k €	-79.4%	41,5 k €	+30.8%	31,7 k €	-22.6%	41 k €	+32.8%	30,9 k €
Balance sheet
Equity	99,4 k €	-11.7%	112,6 k €	+12.9%	99,7 k €	+14.5%	87,1 k €	+8.5%	80,3 k €	+4.1%	77,1 k €	+23.7%	62,3 k €	+21.6%	51,2 k €	+28.7%	39,8 k €	+27.0%	31,3 k €	-14.1%	36,5 k €	+32.0%	27,6 k €	+22.5%	22,6 k €	-19.5%	28 k €	+5.7%	26,5 k €	-1.0%	26,8 k €	-27.8%	37,1 k €
Total assets	301 k €	-17.3%	363,9 k €	-12.1%	414,1 k €	-3.4%	428,6 k €	-10.1%	476,6 k €	-10.2%	530,8 k €	-1.9%	540,9 k €	-3.2%	558,8 k €	-7.3%	602,8 k €	-2.5%	618,3 k €	-7.1%	665,7 k €	-0.2%	666,9 k €	-4.2%	695,8 k €	+3.9%	669,4 k €	+36.4%	490,7 k €	-0.9%	495,3 k €	+5.4%	470 k €
Cash	2,3 k €	-93.3%	34,2 k €	-40.5%	57,4 k €	-37.6%	92,1 k €	-18.0%	112,2 k €	+14648%	761,1 €	+29.3%	588,7 €	+93.3%	304,5 €	-94.5%	5,6 k €	+145%	2,3 k €	-90.1%	23 k €	+37.0%	16,8 k €	-41.6%	28,7 k €	-77.2%	126,3 k €	+142%	52,1 k €	+13.4%	45,9 k €	-29.9%	65,6 k €
Debts	191,1 k €	-19.7%	238,1 k €	-20.6%	300 k €	-8.7%	328,5 k €	-17.1%	396,3 k €	-12.6%	453,7 k €	-5.2%	478,6 k €	-5.7%	507,5 k €	-9.8%	563 k €	-4.1%	587 k €	-6.7%	629,2 k €	-1.6%	639,2 k €	-5.1%	673,2 k €	+5.0%	641,3 k €	+41.5%	453,2 k €	-1.0%	457,6 k €	+5.7%	432,9 k €

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 3 ended

Active mandates

Jan Boels

Director

Active

Nikolaas Bruggemans

Director

Active

Ended mandates

Jan Boels

Manager

Ended

Nikolaas Bruggeman

Manager

Ended

Nikolaas Bruggemans

Manager

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/03/2024	22/06/2023	12/05/2022	31/08/2021	14/07/2020	30/08/2019
General meeting	13/03/2024	11/05/2023	22/04/2022	27/08/2021	15/06/2020	22/08/2019
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2023	13/03/2024	29/03/2024	Dutch	PDF
Micro model	31/12/2022	11/05/2023	22/06/2023	Dutch	PDF
Micro model	31/12/2021	22/04/2022	12/05/2022	Dutch	PDF
Micro model	31/12/2020	27/08/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	15/06/2020	14/07/2020	Dutch	PDF
Micro model	31/12/2018	22/08/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	18/06/2018	18/06/2018	Dutch	PDF
Micro model	31/12/2016	19/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	19/05/2015	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	22/07/2015	Dutch	PDF
Abridged model	31/12/2012	17/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	25/07/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	11/07/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	12/07/2010	Dutch	PDF
Abridged model	31/12/2008	14/08/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	08/07/2008	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 3 ended

Active mandates

Jan Boels

Director

Active

Nikolaas Bruggemans

Director

Active

Ended mandates

Jan Boels

Manager

Ended

Nikolaas Bruggeman

Manager

Ended

Nikolaas Bruggemans

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2023
Annual accounts 2023-13,2 k €↓
2022
Annual accounts 202223,5 k €↓
2021
Annual accounts 202138,2 k €↑
2020
Annual accounts 202032,8 k €↓
2019
Annual accounts 201951,2 k €↓
2018
Annual accounts 201869,8 k €↑
2017
Annual accounts 201763,1 k €↓
2016
Annual accounts 201663,4 k €↑
2015
Annual accounts 201558,5 k €↑
2014
Annual accounts 201434,8 k €↓
2013
Annual accounts 201348,9 k €↑
2012
Annual accounts 201225,1 k €↑
2011
Annual accounts 20118,6 k €↓
2010
Annual accounts 201041,5 k €↑
2009
Annual accounts 200931,7 k €↓
2008
Annual accounts 200841 k €↑
2007
Annual accounts 200730,9 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HEARTWORK

Overview

What does HEARTWORK do?

Trend over 17 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline