CERPENTIER-HERMAN
ActiveCERPENTIER-HERMAN has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.04M and a net result of €561k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 54% of 1696 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▼-11
Solvency69▲+10
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.64 in 2023; short-term debt: 22.4% and cash: 7.9% of total assets), but 55.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
44.2%
Return on assets
12.1%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €2.04M
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-09-2025, 32 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
32 d late
2023
76 d late
2022
49 d late
2021
31 d late
2020
48 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.04M▲ 37.9%
2023 · €1.48M
2018: €1.68M
2019: €1.74M
2020: €1.77M
2021: €1.14M
2022: €585k
2023: €1.48M
2018 → 2024
Total assets
€4.63M▲ 7.2%
2023 · €4.31M
2018: €5.29M
2019: €5.48M
2020: €5.24M
2021: €4.50M
2022: €4.26M
2023: €4.31M
2018 → 2024
Net result
€561k▼ 37.4%
2023 · €897k
2018: €2k
2019: €63k
2020: €29k
2021: €-635k
2022: €-550k
2023: €897k
2018 → 2024
Working capital
€1.08M▲ 51.2%
2023 · €712k
2018: €717k
2019: €673k
2020: €525k
2021: €97k
2022: €-131k
2023: €712k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.77M-€1.14M▼ 35.9%€585k▼ 48.5%€1.48M▲ 153%€2.04M▲ 37.9%
Operating result€64k-€-602k€-514k▲ 14.7%€931k€744k▼ 20.0%
Net result€29k-€-635k€-550k▲ 13.3%€897k€561k▼ 37.4%
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 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.63M
Fixed assets
€2.52M▲ 1.2%
Current assets
€2.11M▲ 15.4%
Equity and liabilities €4.63M
Equity
€2.04M▲ 37.9%
Provisions
€8k▲ 27.4%
Debt
€2.58M▼ 8.9%
The debt ratio falls from 65.5% to 55.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.04M▼
2023 · €1.23M
Cash flow
€859k▼
2023 · €1.20M
Solvency
44.2%▲
2023 · 34.3%
Current ratio
2.04▲
2023 · 1.64
Quick ratio
1.11▲
2023 · 0.83
Debt / equity
1.26▼
2023 · 1.91
ROE
27.5%▼
2023 · 60.5%
ROA
12.1%▼
2023 · 20.8%
Interest coverage
29.06▼
2023 · 31.72
Debt
€2.58M▼
2023 · €2.83M
Debt ≤ 1 year
€1.03M▼
2023 · €1.12M
Debt > 1 year
€1.54M▼
2023 · €1.71M
Income taxes
€168k▲
2023 · €402
Staff costs
€113k▲
2023 · €93k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.31M€4.63M▲
Fixed assets21/28€2.49M€2.52M▲
Tangible fixed assets22/27€2.49M€2.52M▲
Land and buildings22€2.37M€2.21M▼
Plant, machinery and equipment23€99k€87k▼
Furniture and vehicles24€15k€220k▲
Current assets29/58€1.83M€2.11M▲
Stocks and contracts in progress3€897k€964k▲
Stocks30/36€897k€964k▲
Amounts receivable within one year40/41€131k€424k▲
Trade receivables40€131k€267k▲
Other amounts receivable41-€157k
Current investments50/53€656k€355k▼
Cash at bank and in hand54/58€145k€368k▲
Equity and liabilities
Total equity and liabilities10/49€4.31M€4.63M▲
Equity10/15€1.48M€2.04M▲
Contributions10/11€1.20M€1.20M=
Capital10€1.20M€1.20M=
Issued capital100€1.20M€1.20M=
Reserves13€172k€732k▲
Non-distributable reserves130/1€60k€60k=
Legal reserve130€60k€60k=
Tax-exempt reserves132€12k€12k=
Distributable reserves133€99k€659k▲
Profit (loss) carried forward14€107k€108k▲
Provisions and deferred taxes16€7k€8k▲
Provisions for liabilities and charges160/5€7k€8k▲
Pensions and similar obligations160€7k€8k▲
Amounts payable17/49€2.83M€2.58M▼
Amounts payable after more than one year17€1.71M€1.54M▼
Financial debts170/4€1.71M€1.54M▼
Amounts payable within one year42/48€1.12M€1.03M▼
Financial debts43€275k€275k=
Credit institutions430/8€275k€275k=
Trade debts44€448k€318k▼
Suppliers440/4€448k€318k▼
Taxes, remuneration and social security45€13k€56k▲
Taxes450/3€13k€56k▲
Other amounts payable47/48€380k€386k▲
Accrued charges and deferred income492/3€2k€5k▲
Income statement
Code20232024
Remuneration, social security and pensions62€93k€113k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€298k€298k▼
Other operating charges640/8€25k€32k▲
Gross operating margin9900€1.35M€1.19M▼
Operating profit (loss)9901€931k€744k▼
Financial income75/76B€5k€21k▲
Recurring financial income75€5k€21k▲
Financial charges65/66B€39k€36k▼
Recurring financial charges65€39k€36k▼
Profit (loss) for the period before taxes9903€897k€729k▼
Income taxes67/77€402€168k▲
Profit (loss) for the period9904€897k€561k▼
Profit (loss) for the period to be appropriated9905€897k€561k▼
Appropriation of the result
Profit (loss) to be appropriated9906€107k€668k▲
Profit (loss) brought forward from the previous period14P€-790k€107k▲
Transfer to equity691/2-€560k
To other reserves6921-€560k
Social balance
Average headcount (FTE)90874.14.9▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 32 days late
2024
31-12
Financial
Equity above €2MEq €2.04M ▲37.9%
2 profitable years in a row build equity to €2.04M.
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 76 days late
2023
31-12
Financial
Back to profitnet €897k
Net result €897k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.48M ▲153%
Equity rises from €585k to €1.48M.
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 49 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-635k ▼2264%
Net result drops to €-635k, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 48 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Moerbeke (Waas) · 1 establishment unit since 1988
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.
Koewachtsteenweg 19180 Moerbeke (Waas)Ground area
1,903 m²
Building footprint
371 m²
Volume, LiDAR
2,196 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Koewachtsteenweg 1A, 9180 Lokeren
since 19882.035.697.329
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44045B0200/00B000 | Flanders | 1,599 m² | 1 · 67 m² | 7.6 m · 2 fl. |
| 44045B0395/00F000 | Flanders | 305 m² | 1 · 305 m² | 9.8 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 21,755 EUR awarded · 21,755 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 14,529 EUR | 14,529 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 5,251 EUR | 5,251 EUR |
| 2022 | 1 | 975 EUR | 975 EUR |
Schemes
Investeringssteun voor land- en tuinbouwers
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Food safety, FASFC
1 siteLokeren2.035.697.329
Dual-learning approval
2 live approvalsHippisch assistent duaal (so)
Paardenhouderij duaal (so)
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Of 20,598 companies in sector 01500 we hold annual accounts for 1,149. 630 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-1988
Fiscal year end31-12
Activities, NACEBEL
01500Mixed farming
01250
01480Raising of other animals
01490Crop and animal production, hunting and related service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.