HENRO
ActiveSummary
HENRO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.47M and a net result of €241k. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.61 against 3.27 in 2024; short-term debt: 21% and cash: 5.8% of total assets), and 21% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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%
Return on assets
12.9%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
38 d early
2023
44 d early
2022
40 d early
2021
24 d early
2020
47 d early
2019
32 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
€1.47M▼ 0.1%
2024 · €1.48M
2018: €557klowest in 8 years
2019: €693k▲ +24.5% vs 2018
2020: €835k▲ +20.4% vs 2019
2021: €1.02M▲ +21.9% vs 2020
2022: €1.11M▲ +9.0% vs 2021
2023: €1.30M▲ +17.3% vs 2022
2024: €1.48M▲ +13.4% vs 2023highest in 8 years
2025: €1.47M▼ -0.1% vs 2024
2018 → 2025
Total assets
€1.87M▲ 17.8%
2024 · €1.58M
2018: €652klowest in 8 years
2019: €822k▲ +26.0% vs 2018
2020: €940k▲ +14.4% vs 2019
2021: €1.15M▲ +22.5% vs 2020
2022: €1.22M▲ +6.3% vs 2021
2023: €1.40M▲ +14.6% vs 2022
2024: €1.58M▲ +12.9% vs 2023
2025: €1.87M▲ +17.8% vs 2024highest in 8 years
2018 → 2025
Net result
€241k▲ 38.2%
2024 · €174k
2018: €65klowest in 8 years
2019: €137k▲ +110% vs 2018
2020: €142k▲ +3.6% vs 2019
2021: €184k▲ +29.1% vs 2020
2022: €183k▼ -0.5% vs 2021
2023: €245k▲ +33.7% vs 2022highest in 8 years
2024: €174k▼ -28.8% vs 2023
2025: €241k▲ +38.2% vs 2024
2018 → 2025
Working capital
€-153k
2024 · €246k
2018: €242k
2019: €383k▲ +58.2% vs 2018
2020: €493k▲ +28.9% vs 2019
2021: €657k▲ +33.3% vs 2020highest in 8 years
2022: €542k▼ -17.5% vs 2021
2023: €576k▲ +6.2% vs 2022
2024: €246k▼ -57.3% vs 2023
2025: €-153k▼ -162% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.02M-€1.11M▲ 9.0%€1.30M▲ 17.3%€1.48M▲ 13.4%€1.47M▼ 0.1%
2021: €1.02Mlowest in 5 years
2022: €1.11M▲ +9.0% vs 2021
2023: €1.30M▲ +17.3% vs 2022
2024: €1.48M▲ +13.4% vs 2023highest in 5 years
2025: €1.47M▼ -0.1% vs 2024
Operating result€244k-€249k▲ 1.9%€355k▲ 42.5%€239k▼ 32.7%€351k▲ 47.0%
2021: €244k
2022: €249k▲ +1.9% vs 2021
2023: €355k▲ +42.5% vs 2022highest in 5 years
2024: €239k▼ -32.7% vs 2023lowest in 5 years
2025: €351k▲ +47.0% vs 2024
Net result€184k-€183k▼ 0.5%€245k▲ 33.7%€174k▼ 28.8%€241k▲ 38.2%
2021: €184k
2022: €183k▼ -0.5% vs 2021
2023: €245k▲ +33.7% vs 2022highest in 5 years
2024: €174k▼ -28.8% vs 2023lowest in 5 years
2025: €241k▲ +38.2% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 47% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.87M
Fixed assets
€1.63M ▲ 32.3%
Current assets
€238k ▼ 32.8%
Equity and liabilities €1.87M
Equity
€1.47M ▼ 0.1%
Debt
€391k ▲ 261%
Debt's share of the balance-sheet total rises from 6.8% to 21.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€486k▲
2024 · €374k
Cash flow
€375k▲
2024 · €310k
Current ratio
0.61▼
2024 · 3.27
Debt to equity
0.27▲
2024 · 0.07
ROE
16.3%▲
2024 · 11.8%
ROA
12.9%▲
2024 · 11.0%
Interest coverage
553.65▲
2024 · 95.83
Debt ≤ 1 year
€391k▲
2024 · €108k
Income taxes
€117k▲
2024 · €68k
Staff costs
€0▼
2024 · €50k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.58M€1.87M▲
Fixed assets21/28€1.23M€1.63M▲
Tangible fixed assets22/27€1.23M€1.63M▲
Land and buildings22€1.19M€1.60M▲
Plant, machinery and equipment23€7k€3k▼
Furniture and vehicles24€35k€20k▼
Current assets29/58€354k€238k▼
Amounts receivable within one year40/41€64k€110k▲
Trade receivables40€54k€107k▲
Other amounts receivable41€11k€3k▼
Cash at bank and in hand54/58€268k€108k▼
Deferred charges and accrued income490/1€21k€20k▼
Equity and liabilities
Total equity and liabilities10/49€1.58M€1.87M▲
Equity10/15€1.48M€1.47M▼
Contributions10/11€12k€12k=
Reserves13€1.46M€1.46M▼
Tax-exempt reserves132€274k€211k▼
Distributable reserves133€1.19M€1.25M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€108k€391k▲
Amounts payable within one year42/48€108k€391k▲
Trade debts44€26k€28k▲
Suppliers440/4€26k€28k▲
Advances received on contracts in progress46€4k€4k=
Taxes, remuneration and social security45€2k€76k▲
Taxes450/3€0€76k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€76k€282k▲
Income statement
Code20242025
Non-recurring operating income76A-€16k
Remuneration, social security and pensions62€50k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136k€135k▼
Other operating charges640/8€11k€13k▲
Gross operating margin9900€435k€499k▲
Operating profit (loss)9901€239k€351k▲
Financial income75/76B€8k€8k▼
Recurring financial income75€8k€8k▼
Financial charges65/66B€4k€877▼
Recurring financial charges65€4k€877▼
Profit (loss) for the period before taxes9903€243k€358k▲
Income taxes67/77€68k€117k▲
Profit (loss) for the period9904€174k€241k▲
Transfer from tax-exempt reserves789€45k€63k▲
Transfer to tax-exempt reserves689€84k€0▼
Profit (loss) for the period to be appropriated9905€135k€304k▲
Appropriation of the result
Profit (loss) to be appropriated9906€135k€304k▲
Transfer from equity791/2€0€242k▲
Transfer to equity691/2€135k€304k▲
To other reserves6921€135k€304k▲
Profit to be distributed694/7€0€242k▲
Return on contributions (dividend)694€0€242k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €16k | - |
| Remuneration, social security and pensions62 | €44k | €47k | €55k | €50k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45k | €53k | €66k | €136k | €135k | ▼ 0.7% |
| Other operating charges640/8 | €4k | €5k | €10k | €11k | €13k | ▲ 22.5% |
| Gross operating margin9900 | €337k | €354k | €485k | €435k | €499k | ▲ 14.7% |
| Operating profit (loss)9901 | €244k | €249k | €355k | €239k | €351k | ▲ 47.0% |
| Financial income75/76B | €7k | €10k | €7k | €8k | €8k | ▼ 1.1% |
| Recurring financial income75 | €7k | €10k | €7k | €8k | €8k | ▼ 1.1% |
| Financial charges65/66B | €1k | €1k | €307 | €4k | €877 | ▼ 77.5% |
| Recurring financial charges65 | €1k | €1k | €307 | €4k | €877 | ▼ 77.5% |
| Profit (loss) for the period before taxes9903 | €250k | €258k | €361k | €243k | €358k | ▲ 47.5% |
| Income taxes67/77 | €66k | €75k | €117k | €68k | €117k | ▲ 71.1% |
| Profit (loss) for the period9904 | €184k | €183k | €245k | €174k | €241k | ▲ 38.2% |
| Transfer from tax-exempt reserves789 | - | - | €71k | €45k | €63k | ▲ 40.3% |
| Transfer to tax-exempt reserves689 | €63k | €0 | €126k | €84k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €121k | €183k | €189k | €135k | €304k | ▲ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.15M | €1.22M | €1.40M | €1.58M | €1.87M | ▲ 17.8% |
| Fixed assets21/28 | €374k | €567k | €726k | €1.23M | €1.63M | ▲ 32.3% |
| Tangible fixed assets22/27 | €374k | €567k | €726k | €1.23M | €1.63M | ▲ 32.3% |
| Land and buildings22 | €289k | €474k | €663k | €1.19M | €1.60M | ▲ 35.0% |
| Plant, machinery and equipment23 | €33k | €22k | €12k | €7k | €3k | ▼ 50.7% |
| Furniture and vehicles24 | €53k | €71k | €51k | €35k | €20k | ▼ 43.8% |
| Current assets29/58 | €778k | €657k | €677k | €354k | €238k | ▼ 32.8% |
| Amounts receivable within one year40/41 | €88k | €90k | €118k | €64k | €110k | ▲ 70.6% |
| Trade receivables40 | €72k | €32k | €66k | €54k | €107k | ▲ 100% |
| Other amounts receivable41 | €17k | €59k | €52k | €11k | €3k | ▼ 75.8% |
| Cash at bank and in hand54/58 | €683k | €566k | €538k | €268k | €108k | ▼ 59.9% |
| Deferred charges and accrued income490/1 | €6k | €624 | €22k | €21k | €20k | ▼ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.15M | €1.22M | €1.40M | €1.58M | €1.87M | ▲ 17.8% |
| Equity10/15 | €1.02M | €1.11M | €1.30M | €1.48M | €1.47M | ▼ 0.1% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €844k | €1.10M | €1.29M | €1.46M | €1.46M | ▼ 0.1% |
| Tax-exempt reserves132 | €179k | €179k | €234k | €274k | €211k | ▼ 23.1% |
| Distributable reserves133 | €665k | €918k | €1.05M | €1.19M | €1.25M | ▲ 5.2% |
| Profit (loss) carried forward14 | €161k | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €135k | €115k | €102k | €108k | €391k | ▲ 261% |
| Amounts payable after more than one year17 | €14k | €0 | - | - | - | - |
| Financial debts170/4 | €14k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €121k | €115k | €102k | €108k | €391k | ▲ 261% |
| Current portion of amounts payable after more than one year42 | €23k | €14k | €0 | - | - | - |
| Trade debts44 | €48k | €31k | €12k | €26k | €28k | ▲ 6.7% |
| Suppliers440/4 | €48k | €31k | €12k | €26k | €28k | ▲ 6.7% |
| Advances received on contracts in progress46 | - | €2k | €4k | €4k | €4k | = |
| Taxes, remuneration and social security45 | €2k | €28k | €39k | €2k | €76k | ▲ 4,517% |
| Taxes450/3 | - | €25k | €37k | €0 | €76k | - |
| Remuneration and social security454/9 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | €48k | €40k | €47k | €76k | €282k | ▲ 270% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €184k | €183k | €245k | €174k | €241k | ▲ 38.2% |
| + Depreciation and write-downs630 | €45k | €53k | €66k | €136k | €135k | ▼ 0.7% |
| Operating cash flow (approximation) | €229k | €236k | €311k | €310k | €375k | ▲ 21.2% |
| Investment in fixed assets (approximation) | - | €-246k | €-225k | €-639k | €-532k | ▲ 16.8% |
| Change in cash | - | €-117k | €-28k | €-270k | €-161k | ▲ 40.4% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €245k ▲33.7%
Operating result €355k, net result €245k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €1MEq €1.02M ▲21.9%
4 profitable years in a row build equity to €1.02M.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Oudsbergen · 1 establishment unit since 2009
Ground area
782 m²
Building footprint
179 m²
Volume, LiDAR
910 m³
Parcel 72022B0469/00P000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HENRO BVBA
since 20092.183.463.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72022B0469/00P000 | Flanders | 782 m² | 1 · 179 m² | 7.8 m · 2 fl. |
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 7,041 companies in sector 43221 we hold annual accounts for 3,473. 1,254 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
Founded25-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.