Algemene Elektriciteitswerken Hermans
ActiveAlgemene Elektriciteitswerken Hermans has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.20M and a net result of €1.34M. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 87% of 7778 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €360k at 30 days acceptable
Liquidity ample (current ratio 5.25 against 4.49 in 2024; short-term debt: 15.8% and cash: 15% of total assets), and 20.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.5%
Return on assets
25.3%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
28 d early
2023
20 d early
2022
18 d late
2021
39 d early
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€4.25M
EBIT margin
26.9%
Net result
€1.34M▼ 21.8%
2024 · €1.71M
2018: €127k
2019: €260k
2020: €260k
2021: €575k
2022: €829k
2023: €562k
2024: €1.71M
2018 → 2025
Working capital
€3.55M▼ 8.2%
2024 · €3.86M
2018: €1.82M
2019: €1.41M
2020: €1.59M
2021: €1.85M
2022: €2.11M
2023: €2.56M
2024: €3.86M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.25M
Equity€2.29M-€2.59M▲ 13.1%€3.15M▲ 21.7%€4.50M▲ 42.9%€4.20M▼ 6.7%
Operating result€829k-€1.14M▲ 38.0%€756k▼ 33.9%€2.26M▲ 199%€1.77M▼ 21.6%
Net result€575k-€829k▲ 44.2%€562k▼ 32.1%€1.71M▲ 204%€1.34M▼ 21.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.28M
Fixed assets
€902k▼ 13.7%
Current assets
€4.38M▼ 11.8%
Equity and liabilities €5.28M
Equity
€4.20M▼ 6.7%
Debt
€1.08M▼ 28.3%
The debt ratio falls from 25.1% to 20.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.95M▼
2024 · €2.43M
Cash flow
€1.52M▼
2024 · €1.88M
Solvency
79.5%▲
2024 · 74.9%
Current ratio
5.25▲
2024 · 4.49
Quick ratio
3.86▲
2024 · 3.72
Debt / equity
0.26▼
2024 · 0.34
ROE
31.8%▼
2024 · 37.9%
ROA
25.3%▼
2024 · 28.4%
Interest coverage
57.95▼
2024 · 101.51
Debt
€1.08M▼
2024 · €1.51M
Debt ≤ 1 year
€835k▼
2024 · €1.11M
Debt > 1 year
€240k▼
2024 · €395k
Income taxes
€458k▼
2024 · €568k
Staff costs
€999k▲
2024 · €888k
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€6.01M€5.28M▼
Fixed assets21/28€1.04M€902k▼
Intangible fixed assets21-€21k
Tangible fixed assets22/27€1.04M€880k▼
Land and buildings22€680k€610k▼
Plant, machinery and equipment23€36k€42k▲
Furniture and vehicles24€217k€142k▼
Leasing and similar rights25€112k€87k▼
Current assets29/58€4.97M€4.38M▼
Amounts receivable after more than one year29€195k€195k=
Other amounts receivable291€195k€195k=
Stocks and contracts in progress3€850k€1.16M▲
Stocks30/36€645k€765k▲
Contracts in progress37€204k€391k▲
Amounts receivable within one year40/41€1.03M€847k▼
Trade receivables40€872k€792k▼
Other amounts receivable41€154k€55k▼
Current investments50/53€2.24M€1.35M▼
Cash at bank and in hand54/58€604k€795k▲
Deferred charges and accrued income490/1€57k€40k▼
Equity and liabilities
Total equity and liabilities10/49€6.01M€5.28M▼
Equity10/15€4.50M€4.20M▼
Contributions10/11€46k€46k=
Reserves13€4.46M€4.16M▼
Non-distributable reserves130/1€1.09M€0▼
Own shares acquired1312€1.09M€0▼
Tax-exempt reserves132€1.28M€632k▼
Distributable reserves133€2.09M€3.52M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.51M€1.08M▼
Amounts payable after more than one year17€395k€240k▼
Financial debts170/4€395k€240k▼
Amounts payable within one year42/48€1.11M€835k▼
Current portion of amounts payable after more than one year42€203k€155k▼
Trade debts44€458k€340k▼
Suppliers440/4€458k€340k▼
Advances received on contracts in progress46-€52k
Taxes, remuneration and social security45€179k€287k▲
Taxes450/3€48k€147k▲
Remuneration and social security454/9€131k€140k▲
Other amounts payable47/48€266k€500▼
Accrued charges and deferred income492/3€8k€8k=
Income statement
Code20242025
Non-recurring operating income76A€35k€0▼
Remuneration, social security and pensions62€888k€999k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€168k€183k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-74k€0▲
Other operating charges640/8€22k€24k▲
Gross operating margin9900€3.26M€2.98M▼
Operating profit (loss)9901€2.26M€1.77M▼
Financial income75/76B€42k€56k▲
Recurring financial income75€42k€56k▲
Financial charges65/66B€24k€34k▲
Recurring financial charges65€24k€34k▲
Profit (loss) for the period before taxes9903€2.28M€1.79M▼
Income taxes67/77€568k€458k▼
Profit (loss) for the period9904€1.71M€1.34M▼
Transfer from tax-exempt reserves789-€653k
Transfer to tax-exempt reserves689€632k€0▼
Profit (loss) for the period to be appropriated9905€1.08M€1.99M▲
Appropriation of the result
Profit (loss) to be appropriated9906€550k€1.99M▲
Profit (loss) brought forward from the previous period14P€-527k€0▲
Transfer from equity791/2€355k€550k▲
Transfer to equity691/2€550k€1.99M▲
To other reserves6921€550k€1.99M▲
Profit to be distributed694/7€355k€550k▲
Return on contributions (dividend)694€355k€550k▲
Social balance
Average headcount (FTE)908717.017.2▲
The notes to these accounts (18 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.71M ▲204%
Operating result €2.26M, net result €1.71M, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 18 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.29M ▲19.6%
4 profitable years in a row build equity to €2.29M.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 120 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
06-07
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 2025
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.
01-04-2025
Erwin Hermans: Resigned as Director
13-11-2023
Marnik Hermans: Resigned as Director
Location & real-estate footprint
Registered office, Houthalen-Helchteren · 1 establishment unit since 2001
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.
Centrum-Zuid 30363530 Houthalen-HelchterenGround area
1,836 m²
Building footprint
8 m²
Parcel 72015C0704/00P000, Flanders. Linked by address, not a title deed.
1 establishment unit
ALGEMENE ELECTRICITEITSWERKEN HERMANS
since 20012.087.629.644
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015C0704/00P000 | Flanders | 1,836 m² | 1 · 8 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 17,738 EUR awarded · 17,738 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,054 EUR | 2,054 EUR |
| 2024 | 1 | 900 EUR | 900 EUR |
| 2023 | 1 | 3,136 EUR | 3,136 EUR |
| 2022 | 2 | 11,648 EUR | 11,648 EUR |
Schemes
Call groene stroom (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesAlgemene Electriciteitswerken Hermans BV30339
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,328. 1,463 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-05-1998
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.