Summary
El Hierro is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €250k and a net result of €128k. Equity is growing by ~51.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 8048 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 · 4 filingsDeviation from the deadline
2025
7 d late
2024
22 d late
2023
6 d early
2022
7 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€250k▲ 69.4%
2024 · €148k
2022: €102k
2023: €54k▼ -46.8% vs 2022lowest in 4 years
2024: €148k▲ +172% vs 2023
2025: €250k▲ +69.4% vs 2024highest in 4 years
2022 → 2025
Net result
€128k▲ 36.6%
2024 · €93k
2022: €-98klowest in 4 years
2023: €-48k▲ +51.0% vs 2022
2024: €93k▲ +295% vs 2023
2025: €128k▲ +36.6% vs 2024highest in 4 years
2022 → 2025
Total assets
€3.65M▼ 0.2%
2024 · €3.65M
2022: €1.24Mlowest in 4 years
2023: €3.53M▲ +185% vs 2022
2024: €3.65M▲ +3.4% vs 2023highest in 4 years
2025: €3.65M▼ -0.2% vs 2024
2022 → 2025
Solvency
6.9%▲ 2.8pp
2024 · 4.0%
2022: 8.3%highest in 4 years
2023: 1.5%▼ -81.4% vs 2022lowest in 4 years
2024: 4.0%▲ +163% vs 2023
2025: 6.9%▲ +69.7% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€102k-€54k▼ 46.8%€148k▲ 172%€250k▲ 69.4%
2022: €102k
2023: €54k▼ -46.8% vs 2022lowest in 4 years
2024: €148k▲ +172% vs 2023
2025: €250k▲ +69.4% vs 2024highest in 4 years
Operating result€-60k-€16k€207k▲ 1,169%€237k▲ 14.8%
2022: €-60klowest in 4 years
2023: €16k▲ +127% vs 2022
2024: €207k▲ +1169% vs 2023
2025: €237k▲ +14.8% vs 2024highest in 4 years
Net result€-98k-€-48k▲ 51.0%€93k€128k▲ 36.6%
2022: €-98klowest in 4 years
2023: €-48k▲ +51.0% vs 2022
2024: €93k▲ +295% vs 2023
2025: €128k▲ +36.6% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.65M
Fixed assets
€3.36M ▼ 3.8%
Current assets
€286k ▲ 79.6%
Equity and liabilities €3.65M
Equity
€250k ▲ 69.4%
Debt
€3.40M ▼ 3.1%
Debt's share of the balance-sheet total falls from 96.0% to 93.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
51.0%▼
2024 · 63.2%
ROA
3.5%▲
2024 · 2.6%
Debt ≤ 1 year
€216k▲
2024 · €172k
Debt > 1 year
€3.16M▼
2024 · €3.31M
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.65M€3.65M▼
Fixed assets21/28€3.49M€3.36M▼
Tangible fixed assets22/27€3.49M€3.36M▼
Land and buildings22€3.49M€3.36M▼
Financial fixed assets28€3k€3k=
Current assets29/58€159k€286k▲
Amounts receivable within one year40/41€110k€170k▲
Trade receivables40€110k€155k▲
Other amounts receivable41-€15k
Cash at bank and in hand54/58€49k€116k▲
Equity and liabilities
Total equity and liabilities10/49€3.65M€3.65M▼
Equity10/15€148k€250k▲
Contributions10/11€200k€200k=
Reserves13-€50k
Distributable reserves133-€50k
Profit (loss) carried forward14€-52k-
Amounts payable17/49€3.50M€3.40M▼
Amounts payable after more than one year17€3.31M€3.16M▼
Financial debts170/4€3.31M€3.16M▼
Amounts payable within one year42/48€172k€216k▲
Current portion of amounts payable after more than one year42€146k€151k▲
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€23k€37k▲
Taxes450/3€21k€35k▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48-€25k
Accrued charges and deferred income492/3€22k€21k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€132k€132k▲
Other operating charges640/8€1k€21k▲
Gross operating margin9900€339k€391k▲
Operating profit (loss)9901€207k€237k▲
Financial charges65/66B€113k€109k▼
Recurring financial charges65€113k€109k▼
Profit (loss) for the period before taxes9903€93k€128k▲
Profit (loss) for the period9904€93k€128k▲
Profit (loss) for the period to be appropriated9905€93k€128k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€75k▲
Profit (loss) brought forward from the previous period14P€-146k€-52k▲
Transfer to equity691/2-€50k
To other reserves6921-€50k
Profit to be distributed694/7-€25k
Return on contributions (dividend)694-€25k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €106k | €53k | €132k | €132k | ▲ 0.8% |
| Other operating charges640/8 | €2k | €456 | €1k | €21k | ▲ 1,517% |
| Gross operating margin9900 | €48k | €70k | €339k | €391k | ▲ 15.2% |
| Operating profit (loss)9901 | €-60k | €16k | €207k | €237k | ▲ 14.8% |
| Financial charges65/66B | €37k | €64k | €113k | €109k | ▼ 3.3% |
| Recurring financial charges65 | €37k | €64k | €113k | €109k | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €-98k | €-48k | €93k | €128k | ▲ 36.6% |
| Profit (loss) for the period9904 | €-98k | €-48k | €93k | €128k | ▲ 36.6% |
| Profit (loss) for the period to be appropriated9905 | €-98k | €-48k | €93k | €128k | ▲ 36.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.24M | €3.53M | €3.65M | €3.65M | ▼ 0.2% |
| Fixed assets21/28 | €1.12M | €3.39M | €3.49M | €3.36M | ▼ 3.8% |
| Tangible fixed assets22/27 | €1.12M | €3.39M | €3.49M | €3.36M | ▼ 3.8% |
| Land and buildings22 | €1.12M | €3.39M | €3.49M | €3.36M | ▼ 3.8% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €115k | €143k | €159k | €286k | ▲ 79.6% |
| Amounts receivable within one year40/41 | €61k | €111k | €110k | €170k | ▲ 54.5% |
| Trade receivables40 | €61k | €111k | €110k | €155k | ▲ 40.9% |
| Other amounts receivable41 | - | €284 | - | €15k | - |
| Cash at bank and in hand54/58 | €48k | €28k | €49k | €116k | ▲ 136% |
| Deferred charges and accrued income490/1 | €6k | €4k | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.24M | €3.53M | €3.65M | €3.65M | ▼ 0.2% |
| Equity10/15 | €102k | €54k | €148k | €250k | ▲ 69.4% |
| Contributions10/11 | €200k | €200k | €200k | €200k | = |
| Reserves13 | - | - | - | €50k | - |
| Distributable reserves133 | - | - | - | €50k | - |
| Profit (loss) carried forward14 | €-98k | €-146k | €-52k | - | - |
| Amounts payable17/49 | €1.14M | €3.48M | €3.50M | €3.40M | ▼ 3.1% |
| Amounts payable after more than one year17 | €1.04M | €3.30M | €3.31M | €3.16M | ▼ 4.6% |
| Financial debts170/4 | €1.04M | €3.30M | €3.31M | €3.16M | ▼ 4.6% |
| Amounts payable within one year42/48 | €99k | €166k | €172k | €216k | ▲ 25.5% |
| Current portion of amounts payable after more than one year42 | - | €96k | €146k | €151k | ▲ 3.2% |
| Trade debts44 | €91k | €61k | €3k | €3k | ▼ 15.7% |
| Suppliers440/4 | €91k | €61k | €3k | €3k | ▼ 15.7% |
| Taxes, remuneration and social security45 | €8k | €8k | €23k | €37k | ▲ 64.9% |
| Taxes450/3 | €6k | €6k | €21k | €35k | ▲ 72.6% |
| Remuneration and social security454/9 | €2k | €2k | €2k | €2k | ▼ 11.7% |
| Other amounts payable47/48 | - | - | - | €25k | - |
| Accrued charges and deferred income492/3 | €2k | €8k | €22k | €21k | ▼ 5.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-98k | €-48k | €93k | €128k | ▲ 36.6% |
| + Depreciation and write-downs630 | €106k | €53k | €132k | €132k | ▲ 0.8% |
| Operating cash flow (approximation) | €8k | €5k | €225k | €260k | ▲ 15.6% |
| Investment in fixed assets (approximation) | - | €-2.32M | €-234k | €0 | ▲ 100% |
| Change in cash | - | €-20k | €21k | €67k | ▲ 215% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Highest result since 2022net €128k ▲36.6%
Operating result €237k, net result €128k, both a record.
31-12
Financial
Equity above €200kEq €250k ▲69.4%
2 profitable years in a row build equity to €250k.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Back to profitnet €93k
Net result €93k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €148k ▲172%
Equity rises from €54k to €148k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kaprijke · 1 establishment unit since 2021
Ground area
4,240 m²
Building footprint
190 m²
Volume, LiDAR
316 m³
Parcel 43009C0095/00C000, Flanders · tallest building 6.5 m. Linked by address, not a title deed.
1 establishment unit
Kaprijkstraat 9, 9971 Kaprijke
since 20212.317.435.215
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43009C0095/00C000 | Flanders | 4,240 m² | 1 · 190 m² | 6.5 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,658 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.