HEMERYCK-ELEKTRO
ActiveHEMERYCK-ELEKTRO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.44M and a net result of €238k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 75% of 7757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+3
Solvency90▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.68 against 3.82 in 2024; short-term debt: 33.4% and cash: 26.8% of total assets), and 34.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · 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 2025Solvency, return and age of the figures
Solvency
65.4%
Return on assets
10.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
15 d late
2022
7 d late
2021
12 d early
2020
10 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.44M▼ 1.7%
2024 · €1.47M
2019: €1.18M
2020: €1.12M
2021: €1.25M
2022: €1.31M
2023: €1.38M
2024: €1.47M
2019 → 2025
Total assets
€2.21M▲ 11.7%
2024 · €1.97M
2019: €1.61M
2020: €1.69M
2021: €1.73M
2022: €1.88M
2023: €1.88M
2024: €1.97M
2019 → 2025
Net result
€238k▲ 43.3%
2024 · €166k
2019: €113k
2020: €222k
2021: €155k
2022: €170k
2023: €83k
2024: €166k
2019 → 2025
Working capital
€1.23M▼ 10.6%
2024 · €1.38M
2019: €1.09M
2020: €1.05M
2021: €1.17M
2022: €1.21M
2023: €1.27M
2024: €1.38M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.25M-€1.31M▲ 4.4%€1.38M▲ 5.4%€1.47M▲ 6.3%€1.44M▼ 1.7%
Operating result€214k-€228k▲ 6.6%€124k▼ 45.7%€260k▲ 110%€346k▲ 33.4%
Net result€155k-€170k▲ 10.0%€83k▼ 50.9%€166k▲ 99.4%€238k▲ 43.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.21M
Fixed assets
€234k▲ 128%
Current assets
€1.97M▲ 5.3%
Equity and liabilities €2.21M
Equity
€1.44M▼ 1.7%
Debt
€763k▲ 50.4%
The debt ratio rises from 25.7% to 34.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€418k▲
2024 · €302k
Cash flow
€310k▲
2024 · €209k
Solvency
65.4%▼
2024 · 74.3%
Current ratio
2.68▼
2024 · 3.82
Quick ratio
2.49▼
2024 · 3.53
Debt / equity
0.53▲
2024 · 0.35
ROE
16.5%▲
2024 · 11.3%
ROA
10.8%▲
2024 · 8.4%
Interest coverage
16.34▲
2024 · 11.31
Debt
€763k▲
2024 · €507k
Debt ≤ 1 year
€737k▲
2024 · €491k
Debt > 1 year
€21k▲
2024 · €14k
Income taxes
€108k▲
2024 · €86k
Staff costs
€735k▼
2024 · €796k
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€1.97M€2.21M▲
Fixed assets21/28€102k€234k▲
Tangible fixed assets22/27€102k€234k▲
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€95k€228k▲
Leasing and similar rights25€0-
Financial fixed assets28€111€111=
Current assets29/58€1.87M€1.97M▲
Stocks and contracts in progress3€142k€134k▼
Stocks30/36€107k€109k▲
Contracts in progress37€35k€25k▼
Amounts receivable within one year40/41€605k€546k▼
Trade receivables40€557k€492k▼
Other amounts receivable41€48k€54k▲
Current investments50/53€429k€671k▲
Cash at bank and in hand54/58€673k€591k▼
Deferred charges and accrued income490/1€24k€30k▲
Equity and liabilities
Total equity and liabilities10/49€1.97M€2.21M▲
Equity10/15€1.47M€1.44M▼
Contributions10/11€19k€19k=
Reserves13€1.45M€1.42M▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€763k€763k=
Distributable reserves133€684k€659k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€507k€763k▲
Amounts payable after more than one year17€14k€21k▲
Financial debts170/4€14k€21k▲
Amounts payable within one year42/48€491k€737k▲
Current portion of amounts payable after more than one year42€19k€31k▲
Trade debts44€265k€267k▲
Suppliers440/4€265k€267k▲
Taxes, remuneration and social security45€106k€103k▼
Taxes450/3€28k€32k▲
Remuneration and social security454/9€78k€71k▼
Other amounts payable47/48€100k€336k▲
Accrued charges and deferred income492/3€3k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€0€3k▲
Remuneration, social security and pensions62€796k€735k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€72k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€0▼
Other operating charges640/8€11k€32k▲
Non-recurring operating charges66A€25k€0▼
Gross operating margin9900€1.14M€1.19M▲
Operating profit (loss)9901€260k€346k▲
Financial income75/76B€19k€26k▲
Recurring financial income75€19k€26k▲
Financial charges65/66B€27k€26k▼
Recurring financial charges65€27k€26k▼
Profit (loss) for the period before taxes9903€252k€347k▲
Income taxes67/77€86k€108k▲
Profit (loss) for the period9904€166k€238k▲
Transfer from tax-exempt reserves789€112k€0▼
Transfer to tax-exempt reserves689€42k€0▼
Profit (loss) for the period to be appropriated9905€236k€238k▲
Appropriation of the result
Profit (loss) to be appropriated9906€236k€238k▲
Transfer from equity791/2€53k€238k▲
Transfer to equity691/2€210k€213k▲
To other reserves6921€210k€213k▲
Profit to be distributed694/7€79k€263k▲
Return on contributions (dividend)694€53k€238k▲
Employees696€26k€26k▼
Social balance
Average headcount (FTE)908711.810.7▼
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
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €238k ▲43.3%
Operating result €346k, net result €238k, both a record.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 15 days late
31-03
Financial
Weakest financial yearnet €83k ▼50.9%
Net result drops to €83k, the lowest in the series; recovery starts the following year.
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2016
24-10
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
4 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, Kortemark · 2 establishment units since 1997
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.
Doornstraat 38610 KortemarkGround area
8,441 m²
Building footprint
1,526 m²
Volume, LiDAR
8,073 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
HEMERYCK ELEKTRO
since 19972.081.722.245
Hemeryck Elektro
since 20022.113.644.648
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011B0856/00C000 | Flanders | 6,259 m² | 1 · 189 m² | 9.3 m · 2 fl. |
| 37322B0578/00Z000 | Flanders | 2,182 m² | 1 · 1,337 m² | 5.8 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 · 4 entries · 4,178 EUR awarded · 4,178 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,931 EUR | 1,931 EUR |
| 2024 | 1 | 2,028 EUR | 2,028 EUR |
| 2023 | 1 | 39 EUR | 39 EUR |
| 2022 | 1 | 180 EUR | 180 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesHEMERYCK-ELEKTRO BV40257
Dual-learning approval
4 live approvals · 4 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Legal Entity Identifier
64887DP2J4FEB1T14392
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VERMEULEN
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ALL CTRL
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 3,668 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-04-1997
Fiscal year end31-03
Activities, NACEBEL
43211General electrical installation work
45310
43213Specialised construction activities
43214Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@hemeryck-elektro.be
Phone:051 488840