HERACLES ADJUNCTS
ActiveSummary
HERACLES ADJUNCTS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €281,736 and a net result of €83,965. Equity is growing by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▼-1
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 5.72 against 14.55 in 2024; short-term debt: 11.9% and cash: 2.2% of total assets), and 20.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
79.9%
Return on assets
23.8%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
14 d early
2024
56 d early
2023
56 d early
2022
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 22 June (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€281,736▲ 5.4%
2024 · €267,183
Total assets
€352,529▲ 24.8%
2024 · €282,501
Net result
€83,965▲ 5.6%
2024 · €79,538
Working capital
€197,659▼ 4.8%
2024 · €207,543
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€95,668-€140,267▲ 46.6%€102,465▼ 26.9%€108,458▲ 5.8%
Net result€72,644above the sector's middle half-€105,001above the sector's middle half▲ 44.5%€79,538above the sector's middle half▼ 24.2%€83,965above the sector's middle half▲ 5.6%
Equity€82,644within the sector's middle half-€187,645within the sector's middle half▲ 127%€267,183above the sector's middle half▲ 42.4%€281,736above the sector's middle half▲ 5.4%
Total assets€137,192within the sector's middle half-€219,056within the sector's middle half▲ 59.7%€282,501within the sector's middle half▲ 29.0%€352,529within the sector's middle half▲ 24.8%
Debt€54,547-€31,411▼ 42.4%€15,318▼ 51.2%€70,793▲ 362%
Working capital€46,744within the sector's middle half-€163,291above the sector's middle half▲ 249%€207,543above the sector's middle half▲ 27.1%€197,659above the sector's middle half▼ 4.8%
Solvency60.2%within the sector's middle half-85.7%above the sector's middle half▲ 25.4pp94.6%above the sector's middle half▲ 8.9pp79.9%above the sector's middle half▼ 14.7pp
Current ratio2.09within the sector's middle half-6.87above the sector's middle half▲ 4.7914.55above the sector's middle half▲ 7.685.72above the sector's middle half▼ 8.83
Return on assets (ROA)53.0%above the sector's middle half-47.9%above the sector's middle half▼ 5.0pp28.2%within the sector's middle half▼ 19.8pp23.8%within the sector's middle half▼ 4.3pp
Staff (FTE)0.6-0.7▲ 16.7%0.5
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €352,529
Fixed assets
€112,998 ▲ 89.5%
Current assets
€239,531 ▲ 7.5%
Equity and liabilities €352,529
Equity
€281,736 ▲ 5.4%
Debt
€70,793 ▲ 362%
Debt's share of the balance-sheet total rises from 5.4% to 20.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€132,386▲
2024 · €119,986
Cash flow
€107,893▲
2024 · €97,059
Debt to equity
0.25▲
2024 · 0.06
ROE
29.8%▲
2024 · 29.8%
Interest coverage
207.94▼
2024 · 306.36
Debt ≤ 1 year
€41,872▲
2024 · €15,318
Debt > 1 year
€28,921▲
2024 · €0
Income taxes
€25,408▲
2024 · €23,016
Staff costs
€20,148▲
2024 · -€129
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €17,218 | €26,460 | -€129 | €20,148 | ▲ 15,761% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,984 | €8,669 | €17,520 | €23,928 | ▲ 36.6% |
| Other operating charges640/8 | €2,359 | €1,264 | €718 | €342 | ▼ 52.4% |
| Non-recurring operating charges66A | - | €9,284 | €3,541 | €0 | ▼ 100% |
| Gross operating margin9900 | €128,229 | €185,945 | €124,116 | €152,876 | ▲ 23.2% |
| Operating profit (loss)9901 | €95,668 | €140,267 | €102,465 | €108,458 | ▲ 5.8% |
| Financial income75/76B | €9 | €91 | €480 | €1,551 | ▲ 223% |
| Recurring financial income75 | €9 | €91 | €480 | €1,551 | ▲ 223% |
| Financial charges65/66B | €1,547 | €1,137 | €392 | €637 | ▲ 62.6% |
| Recurring financial charges65 | €1,547 | €1,137 | €392 | €637 | ▲ 62.6% |
| Profit (loss) for the period before taxes9903 | €94,130 | €139,220 | €102,554 | €109,373 | ▲ 6.6% |
| Income taxes67/77 | €21,486 | €34,219 | €23,016 | €25,408 | ▲ 10.4% |
| Profit (loss) for the period9904 | €72,644 | €105,001 | €79,538 | €83,965 | ▲ 5.6% |
| Profit (loss) for the period to be appropriated9905 | €72,644 | €105,001 | €79,538 | €83,965 | ▲ 5.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €137,192 | €219,056 | €282,501 | €352,529 | ▲ 24.8% |
| Fixed assets21/28 | €47,419 | €27,965 | €59,640 | €112,998 | ▲ 89.5% |
| Tangible fixed assets22/27 | €47,419 | €27,965 | €59,640 | €112,998 | ▲ 89.5% |
| Plant, machinery and equipment23 | - | - | €1,171 | €2,005 | ▲ 71.1% |
| Furniture and vehicles24 | €47,419 | €27,965 | €58,468 | €110,993 | ▲ 89.8% |
| Current assets29/58 | €89,773 | €191,090 | €222,861 | €239,531 | ▲ 7.5% |
| Amounts receivable within one year40/41 | €25,940 | €60,687 | €88,166 | €87,294 | ▼ 1.0% |
| Trade receivables40 | €25,841 | €60,588 | €45,585 | €82,339 | ▲ 80.6% |
| Other amounts receivable41 | €99 | €99 | €42,580 | €4,955 | ▼ 88.4% |
| Current investments50/53 | - | - | €107,500 | €137,729 | ▲ 28.1% |
| Cash at bank and in hand54/58 | €62,785 | €129,806 | €25,715 | €7,892 | ▼ 69.3% |
| Deferred charges and accrued income490/1 | €1,048 | €598 | €1,481 | €6,617 | ▲ 347% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €137,192 | €219,056 | €282,501 | €352,529 | ▲ 24.8% |
| Equity10/15 | €82,644 | €187,645 | €267,183 | €281,736 | ▲ 5.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €72,644 | €177,645 | €257,183 | €271,736 | ▲ 5.7% |
| Distributable reserves133 | €72,644 | €177,645 | €257,183 | €271,736 | ▲ 5.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €54,547 | €31,411 | €15,318 | €70,793 | ▲ 362% |
| Amounts payable after more than one year17 | €11,519 | €3,472 | €0 | €28,921 | - |
| Financial debts170/4 | €11,519 | €3,472 | €0 | €28,921 | - |
| Amounts payable within one year42/48 | €43,029 | €27,800 | €15,318 | €41,872 | ▲ 173% |
| Current portion of amounts payable after more than one year42 | €10,317 | €8,047 | €3,472 | €9,517 | ▲ 174% |
| Trade debts44 | €7,564 | €3,014 | €5,534 | €2,219 | ▼ 59.9% |
| Suppliers440/4 | €7,564 | €3,014 | €5,534 | €2,219 | ▼ 59.9% |
| Taxes, remuneration and social security45 | €16,235 | €10,072 | €6,312 | €30,136 | ▲ 377% |
| Taxes450/3 | €10,730 | €8,420 | €4,439 | €22,563 | ▲ 408% |
| Remuneration and social security454/9 | €5,504 | €1,651 | €1,873 | €7,573 | ▲ 304% |
| Other amounts payable47/48 | €8,913 | €6,667 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €139 | €0 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,644 | €105,001 | €79,538 | €83,965 | ▲ 5.6% |
| + Depreciation and write-downs630 | €12,984 | €8,669 | €17,520 | €23,928 | ▲ 36.6% |
| Operating cash flow (approximation) | €85,628 | €113,670 | €97,059 | €107,893 | ▲ 11.2% |
| Investment in fixed assets (approximation) | - | €10,784 | -€49,195 | -€77,286 | ▼ 57.1% |
| Change in cash | - | €67,021 | -€104,091 | -€17,823 | ▲ 82.9% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 14.55
Current ratio from 6.87 to 14.55; short-term debt falls from €27,800 to €15,318.
31-12
Financial
Equity above €200,000Eq €267,183 ▲42.4%
3 profitable years in a row build equity to €267,183.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €105,001 ▲44.5%
Operating result €140,267, net result €105,001, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.87
Current ratio from 2.09 to 6.87; short-term debt falls from €43,029 to €27,800.
31-12
Financial
Equity above €150,000Eq €187,645 ▲127%
2 profitable years in a row build equity to €187,645.
07-07
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, De Panne · 1 establishment unit since 2021
Ground area
172 m²
Building footprint
62 m²
Parcel 38001D0236/00M004, Flanders. Linked by address, not a title deed.
1 establishment unit
HERACLES ADJUNCTS
since 20212.315.771.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38001D0236/00M004 | Flanders | 172 m² | 1 · 62 m² | - |
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.
Similar companies · same sector, comparable size
YARA-FINANZ
BE 0723.995.429
Eupen · Eq €281,753
CODEL
BE 0458.668.359
Jabbeke · Eq €281,760
BLUE CAT SERVICES
BE 0843.040.757
Oosterzele · Eq €281,690
ARATIS BV
BE 1013.860.331
DEN HAAG · Eq €281,685
DEFANDIS
BE 0820.876.356
Dalhem · Eq €281,683
Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 38,486 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
Founded01-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0765992865
Also
9925:BE0765992865
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.