HERA
Annual accounts 2025
abbreviated format, filed on 30-08-2026, 30 days lateTurnover: not included in this filing.
Balance sheet
balance sheet total €70,358 on 31-12-2025in euro
in euro
Position in the sector
83.9%
Higher than 87% of 9,901 companies in 2025.
6.23
Higher than 87% of 9,664 companies in 2025.
-0.3%
Higher than 25% of 9,779 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
70,358 | 61,150 | 74,177 | 65,524 | 67,842 | 74,773 | 79,922 | 109,550 | 104,069 | 88,651 | 77,095 | 111,527 | 65,514 | 81,661 | 87,739 | 58,382 | 70,373 | |
21/28 |
- | - | - | - | - | 302 | 2,354 | 6,092 | 5,722 | 8,037 | 8,620 | - | 360 | 710 | - | 538 | 341 | |
22/27 |
- | - | - | - | - | 302 | 2,354 | 6,092 | 5,722 | 8,037 | 8,620 | - | 360 | 710 | - | 388 | 341 | |
23 |
- | - | - | - | - | - | 0 | 1,685 | 3,371 | 5,995 | 8,620 | - | 360 | 710 | - | 388 | 341 | |
24 |
- | - | - | - | - | 302 | 2,354 | 4,407 | 2,351 | 2,042 | - | - | - | - | - | - | - | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 150 | - | |
29/58 |
70,358 | 61,150 | 74,177 | 65,524 | 67,842 | 74,471 | 77,568 | 103,458 | 98,347 | 80,614 | 68,475 | 111,527 | 65,154 | 80,951 | 87,739 | 57,844 | 70,032 | |
3 |
- | - | - | - | 5,003 | 2,106 | 1,250 | 1,250 | 8,866 | 1,326 | - | 39,828 | 5,903 | 10,495 | - | - | - | |
30/36 |
- | - | - | - | 5,003 | 2,106 | 1,250 | 1,250 | 8,866 | 1,326 | - | 39,828 | 5,903 | 10,495 | - | - | - | |
40/41 |
70,212 | 61,102 | 73,622 | 65,499 | 62,005 | 69,566 | 75,101 | 101,982 | 88,775 | 74,253 | 68,306 | 69,142 | 57,940 | 66,351 | 87,249 | 54,881 | 69,875 | |
40 |
- | 578 | 4,774 | - | 689 | 2,613 | 532 | 18,454 | 8,166 | 71 | 11,332 | 12,924 | 3,731 | 1,947 | 11,854 | 28,497 | 50,565 | |
41 |
70,212 | 60,524 | 68,847 | 65,499 | 61,316 | 66,953 | 74,569 | 83,528 | 80,609 | 74,182 | 56,974 | 56,218 | 54,209 | 64,404 | 75,396 | 26,384 | 19,310 | |
54/58 |
146 | 47 | 555 | 25 | 834 | 2,799 | 1,217 | 226 | 706 | 5,035 | 170 | 2,149 | 815 | 3,623 | 490 | 2,963 | 157 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | - | 408 | 497 | 483 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
70,358 | 61,150 | 74,177 | 65,524 | 67,842 | 74,773 | 79,922 | 109,550 | 104,069 | 88,651 | 77,095 | 111,527 | 65,514 | 81,661 | 87,739 | 58,382 | 70,373 | |
10/15 |
59,064 | 59,272 | 69,190 | 63,501 | 64,775 | 64,884 | 56,615 | 71,438 | 69,147 | 58,969 | 51,780 | 52,458 | 45,347 | 43,077 | 28,639 | 17,956 | 27,568 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
50,598 | 50,598 | 50,598 | 46,183 | 46,183 | 46,292 | 38,023 | 52,846 | 50,555 | 40,377 | 33,188 | 33,866 | 26,755 | 24,485 | 10,047 | 8,976 | 8,976 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
48,738 | 48,738 | 48,738 | 44,323 | 44,323 | 44,432 | 36,164 | 50,986 | 48,696 | 38,517 | 31,328 | 32,007 | 24,896 | 22,625 | 8,188 | 7,117 | 7,117 | |
14 |
-10,125 | -9,917 | - | -1,273 | - | - | - | - | - | - | - | - | - | - | - | -9,613 | - | |
17/49 |
11,293 | 1,877 | 4,987 | 2,022 | 3,067 | 9,890 | 23,307 | 38,112 | 34,922 | 29,682 | 25,315 | 59,069 | 20,167 | 38,584 | 59,100 | 40,426 | 42,804 | |
42/48 |
11,293 | 1,877 | 4,987 | 2,022 | 3,067 | 9,890 | 23,307 | 38,112 | 34,922 | 29,682 | 18,411 | 59,069 | 20,167 | 38,584 | 57,440 | 40,426 | 18,261 | |
43 |
1,221 | 1,206 | 2,997 | 565 | - | - | - | 8,296 | 5,000 | 2,913 | 2,713 | - | 62 | 8,735 | 16,825 | 13,706 | 1,130 | |
430/8 |
1,221 | 1,206 | 2,997 | 565 | - | - | - | 8,296 | 5,000 | 2,913 | 2,713 | - | 62 | 3,666 | 8,758 | 13,706 | 1,130 | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5,069 | 8,067 | - | - | |
44 |
- | 72 | 520 | 1,335 | 3,067 | 7,466 | 16,981 | 26,035 | 20,163 | 12,294 | 6,055 | 9,903 | 1,590 | 16,361 | 27,422 | 21,725 | 9,411 | |
440/4 |
- | 72 | 520 | 1,335 | 3,067 | 7,466 | 16,981 | 26,035 | 20,163 | 12,294 | 6,055 | 9,903 | 1,590 | 16,361 | 27,422 | 21,725 | 9,411 | |
46 |
- | - | - | - | - | - | - | - | - | 2,397 | 3,200 | 41,004 | 7,780 | - | - | - | - | |
45 |
521 | 600 | 1,470 | 122 | - | 2,423 | 4,825 | 2,281 | 8,259 | 5,734 | 6,444 | 8,162 | 10,737 | 13,489 | 13,193 | 4,995 | 7,720 | |
450/3 |
521 | 600 | 1,470 | 122 | - | 2,423 | 4,825 | 1,181 | 8,259 | 5,734 | 6,444 | 8,162 | 10,737 | 11,141 | 6,445 | 1,395 | 4,943 | |
454/9 |
- | - | - | - | - | - | - | 1,100 | - | - | - | - | - | 2,349 | 6,749 | 3,601 | 2,777 | |
47/48 |
9,551 | - | - | - | - | - | 1,500 | 1,500 | 1,500 | 6,345 | - | - | - | - | - | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 6,904 | - | - | - | 1,660 | - | 24,543 | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | 239 | - | - | - | - | - | - | - | - | |
9900 |
-498 | -9,776 | 4,190 | -4,094 | -2,299 | 5,027 | -15,493 | 4,012 | 16,349 | 14,115 | 14,603 | 12,819 | 4,266 | 18,533 | 36,488 | 9,370 | 8,366 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | 802 | - | - | 20,359 | 11,335 | |
630 |
- | - | - | - | 302 | 2,053 | 3,738 | 4,513 | 3,806 | 3,523 | 2,624 | 360 | 350 | 350 | 107 | 266 | 168 | |
640/8 |
- | - | - | 4 | 402 | 452 | 1,090 | 1,822 | 809 | 2,155 | 293 | 400 | 206 | 200 | 11,112 | 115 | - | |
9901 |
-498 | -9,776 | 4,190 | -4,098 | -3,003 | 2,523 | -20,322 | -2,323 | 11,735 | 8,437 | 11,686 | 12,059 | 2,909 | 17,983 | 25,269 | -11,370 | -3,137 | |
75/76B |
1,148 | 1,596 | 2,067 | 3,138 | 3,062 | 6,272 | 6,648 | 7,020 | 6,458 | 5,711 | 6,664 | 4,933 | 5,847 | 5,665 | 5,453 | 2,292 | 2,521 | |
75 |
1,148 | 1,596 | 2,067 | 3,138 | 3,062 | 6,272 | 6,648 | 7,020 | 6,458 | 5,711 | 6,664 | 4,933 | 5,847 | 5,665 | 5,453 | 2,292 | 2,521 | |
65/66B |
858 | 1,737 | 538 | 313 | 168 | 527 | 1,149 | 899 | 490 | 1,225 | 14,293 | 3,795 | 3,024 | 908 | 15,762 | 535 | 61 | |
65 |
858 | 1,737 | 538 | 313 | 168 | 527 | 1,149 | 899 | 490 | 1,225 | 14,293 | 3,795 | 3,024 | 908 | 15,762 | 535 | 61 | |
9903 |
-208 | -9,917 | 5,718 | -1,273 | -109 | 8,268 | -14,823 | 3,798 | 17,703 | 12,923 | 4,056 | 13,197 | 5,731 | 22,740 | 14,960 | -9,613 | -677 | |
67/77 |
- | - | 29 | - | - | - | - | 1,508 | 7,525 | 5,734 | 734 | 6,086 | 3,461 | 8,303 | 2,685 | - | - | |
9904 |
-208 | -9,917 | 5,689 | -1,273 | -109 | 8,268 | -14,823 | 2,291 | 10,178 | 7,189 | 3,322 | 7,111 | 2,271 | 14,437 | 12,274 | -9,613 | -677 | |
9905 |
-208 | -9,917 | 5,689 | -1,273 | -109 | 8,268 | -14,823 | 2,291 | 10,178 | 7,189 | 3,322 | 7,111 | 2,271 | 14,437 | 12,274 | -9,613 | -677 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-10,125 | -9,917 | 4,415 | -1,273 | -109 | 8,268 | -14,823 | 2,291 | 10,178 | 7,189 | 3,322 | 7,111 | 2,271 | 14,437 | 1,071 | -9,613 | 7,117 | |
14P |
-9,917 | - | -1,273 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | 109 | - | 14,823 | - | - | - | 678 | - | - | - | - | - | - | |
691/2 |
- | - | 4,415 | - | - | 8,268 | - | 2,291 | 10,178 | 7,189 | - | 7,111 | 2,271 | 14,437 | 1,071 | - | 7,117 | |
6921 |
- | - | 4,415 | - | - | 8,268 | - | 2,291 | 10,178 | 7,189 | - | 7,111 | 2,271 | 14,437 | 1,071 | - | 7,117 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | 4,000 | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | 4,000 | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.3 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 547 | |
| Document | ||||||||||||||||||
The accounts for 21 older financial years (1987-2007) were filed as documents without figures as data, scans for example.
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 30 days after the deadline. Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00479258.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-08-2026 | 2026-00479258 | |
| 31-12-2024 | full format | 31-08-2025 | 2025-00479985 | |
| 31-12-2023 | full format | 29-10-2024 | 2024-00518656 | |
| 31-12-2022 | micro format | 06-11-2023 | 2023-00507781 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20242374 | |
| 31-12-2020 | micro format | 01-07-2021 | 2021-29900579 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-36700526 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-53100009 | |
| 31-12-2017 | micro format | 24-07-2018 | 2018-36800571 | |
| 31-12-2016 | micro format | 20-06-2017 | 2017-19600531 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-57900039 | |
| 31-12-2014 | abbreviated format | 14-09-2015 | 2015-58600198 | |
| 31-12-2013 | abbreviated format | 20-05-2014 | 2014-13000547 | |
| 31-12-2012 | abbreviated format | 12-03-2013 | 2013-06200412 | |
| 31-12-2011 | abbreviated format | 29-08-2012 | 2012-48800293 | |
| 31-12-2009 | abbreviated format | 08-10-2010 | 2010-57400344 | |
| 31-12-2008 | abbreviated format | 30-09-2009 | 2009-79100112 | |
| 31-12-2007 | abbreviated format | 14-04-2008 | 2008-09900283 | |
| 31-12-2006 | abbreviated format | 16-07-2007 | 2007-40100170 | |
| 31-12-2005 | abbreviated format | 30-06-2006 | 2006-35300267 | |
| 31-12-2004 | abbreviated format | 06-10-2005 | 2005-79500076 | |
| 31-12-2003 | abbreviated format | 25-11-2004 | 2004-81003518 | |
| 31-12-2002 | abbreviated format | 11-03-2004 | 2004-07003813 | |
| 31-12-2001 | abbreviated format | 02-04-2004 | 2004-10200683 | |
| 31-12-2000 | abbreviated format | 02-04-2004 | 2004-10200690 | |
| 31-12-1999 | abbreviated format | 02-04-2004 | 2004-10200697 | |
| 31-12-1998 | abbreviated format | 09-10-2000 | 2000-62703306 | |
| 31-12-1997 | abbreviated format | 05-10-1998 | 1998-51105179 | |
| 31-12-1996 | abbreviated format | 16-07-1997 | 1997-30704370 | |
| 31-12-1995 | abbreviated format | 11-10-1996 | 1996-47503965 | |
| 31-12-1994 | abbreviated format | 13-07-1995 | 1995-39202104 | |
| 31-12-1993 | abbreviated format | 13-07-1994 | 1994-29802721 | |
| 31-12-1992 | abbreviated format | 20-08-1993 | 1993-32704157 | |
| 31-12-1991 | abbreviated format | 13-07-1992 | 1992-21504569 | |
| 31-12-1990 | abbreviated format | 06-09-1991 | 1991-24504925 | |
| 31-12-1989 | abbreviated format | 19-07-1990 | 1990-18501458 | |
| 31-12-1988 | abbreviated format | 07-07-1989 | 1989-15701418 | |
| 31-12-1987 | abbreviated format | 14-07-1988 | 1988-15705264 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | -2,701 | 4,575 | -16,584 | 2,190 | 15,541 | 11,959 | 14,310 | 12,419 | 3,259 | 18,333 | 25,376 | -11,104 | -2,969 | ||
| - | - | - | - | 193 | 10,321 | -11,085 | 6,804 | 13,984 | 10,712 | 5,946 | 7,471 | 2,621 | 14,787 | 12,381 | -9,347 | -509 | ||
| - | - | - | - | 0 | -0 | 0 | 4,883 | 1,416 | 2,940 | 11,244 | 0 | 0 | 1,060 | - | 463 | 508 | ||
| 99 | -508 | 530 | -809 | -1,966 | 1,583 | 991 | -480 | -4,329 | 4,866 | -1,980 | 1,334 | -2,808 | 3,132 | - | 2,806 | - | ||
| 59,064 | 59,272 | 69,190 | 63,501 | 64,775 | 64,582 | 54,261 | 65,346 | 63,425 | 50,932 | 50,064 | 52,458 | 44,987 | 42,366 | 30,299 | 17,418 | 51,771 | ||
| 83.9% | 96.9% | 93.3% | 96.9% | 95.5% | 86.8% | 70.8% | 65.2% | 66.4% | 66.5% | 67.2% | 47.0% | 69.2% | 52.8% | 32.6% | 30.8% | 39.2% | ||
| 6.23 | 32.57 | 14.87 | 32.40 | 22.12 | 7.53 | 3.33 | 2.71 | 2.82 | 2.72 | 3.72 | 1.89 | 3.23 | 2.10 | 1.53 | 1.43 | 3.84 | ||
| 6.23 | 32.57 | 14.87 | 32.40 | 20.49 | 7.32 | 3.27 | 2.68 | 2.56 | 2.67 | 3.72 | 1.21 | 2.94 | 1.83 | 1.53 | 1.43 | 3.84 | ||
| 0.19 | 0.03 | 0.07 | 0.03 | 0.05 | 0.15 | 0.41 | 0.53 | 0.51 | 0.50 | 0.49 | 1.13 | 0.44 | 0.90 | 2.06 | 2.25 | 1.55 | ||
| -0.4% | -16.7% | 8.2% | -2.0% | -0.2% | 12.7% | -26.2% | 3.2% | 14.7% | 12.2% | 6.4% | 13.6% | 5.0% | 33.5% | 42.9% | -53.5% | -2.5% | ||
| -0.3% | -16.2% | 7.7% | -1.9% | -0.2% | 11.1% | -18.5% | 2.1% | 9.8% | 8.1% | 4.3% | 6.4% | 3.5% | 17.7% | 14.0% | -16.5% | -1.0% | ||
| - | - | - | - | -16.08 | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on HERA
The operating result for 2025 is a loss of €498, smaller than the loss of €9,776 in 2024.
Debt's share of the balance-sheet total rises from 3.1% to 16.1%. Equity is lower and debt is higher.