Heraco
ActiveSummary
Heraco has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €25k. Its solvency ranks better than 41% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes
Profitability83
Solvency55
Growth-
Track record85
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.33; short-term debt: 25.6% and cash: 6.3% of total assets), and 69.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 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 · 1 filingDeviation from the deadline
2025
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€66k
Total assets
€218k
Net result
€25k
Working capital
€-37k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €218k
Fixed assets
€200k
Current assets
€19k
Equity and liabilities €218k
Equity
€66k
Debt
€152k
Debt finances 69.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€47k
Cash flow
€33k
Current ratio
0.33
Quick ratio
0.25
Debt to equity
2.29
ROE
37.9%
ROA
11.5%
Interest coverage
33.08
Debt ≤ 1 year
€56k
Debt > 1 year
€96k
Income taxes
€13k
Filed annual accounts As filed with the NBB · 2025 · 44 lines
Balance sheet
Code2025
Assets
Total assets20/58€218k
Fixed assets21/28€200k
Tangible fixed assets22/27€20k
Furniture and vehicles24€20k
Financial fixed assets28€180k
Current assets29/58€19k
Stocks and contracts in progress3€5k
Stocks30/36€5k
Amounts receivable within one year40/41€0
Other amounts receivable41€0
Cash at bank and in hand54/58€14k
Deferred charges and accrued income490/1€96
Equity and liabilities
Total equity and liabilities10/49€218k
Equity10/15€66k
Contributions10/11€200
Reserves13€66k
Distributable reserves133€66k
Amounts payable17/49€152k
Amounts payable after more than one year17€96k
Financial debts170/4€96k
Amounts payable within one year42/48€56k
Current portion of amounts payable after more than one year42€31k
Trade debts44€5k
Suppliers440/4€5k
Taxes, remuneration and social security45€16k
Taxes450/3€16k
Remuneration and social security454/9€0
Other amounts payable47/48€5k
Accrued charges and deferred income492/3€105
Income statement
Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k
Other operating charges640/8€1k
Gross operating margin9900€48k
Operating profit (loss)9901€40k
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€1k
Recurring financial charges65€1k
Profit (loss) for the period before taxes9903€38k
Income taxes67/77€13k
Profit (loss) for the period9904€25k
Profit (loss) for the period to be appropriated9905€25k
Appropriation of the result
Profit (loss) to be appropriated9906€25k
Transfer to equity691/2€25k
To other reserves6921€25k
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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k |
| Other operating charges640/8 | €1k |
| Gross operating margin9900 | €48k |
| Operating profit (loss)9901 | €40k |
| Financial income75/76B | €1 |
| Recurring financial income75 | €1 |
| Financial charges65/66B | €1k |
| Recurring financial charges65 | €1k |
| Profit (loss) for the period before taxes9903 | €38k |
| Income taxes67/77 | €13k |
| Profit (loss) for the period9904 | €25k |
| Profit (loss) for the period to be appropriated9905 | €25k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €218k | |
| Fixed assets21/28 | €200k | |
| Tangible fixed assets22/27 | €20k | |
| Furniture and vehicles24 | €20k | |
| Financial fixed assets28 | €180k | |
| Current assets29/58 | €19k | |
| Stocks and contracts in progress3 | €5k | |
| Stocks30/36 | €5k | |
| Amounts receivable within one year40/41 | €0 | |
| Other amounts receivable41 | €0 | |
| Cash at bank and in hand54/58 | €14k | |
| Deferred charges and accrued income490/1 | €96 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €218k | |
| Equity10/15 | €66k | |
| Contributions10/11 | €200 | |
| Reserves13 | €66k | |
| Distributable reserves133 | €66k | |
| Amounts payable17/49 | €152k | |
| Amounts payable after more than one year17 | €96k | |
| Financial debts170/4 | €96k | |
| Amounts payable within one year42/48 | €56k | |
| Current portion of amounts payable after more than one year42 | €31k | |
| Trade debts44 | €5k | |
| Suppliers440/4 | €5k | |
| Taxes, remuneration and social security45 | €16k | |
| Taxes450/3 | €16k | |
| Remuneration and social security454/9 | €0 | |
| Other amounts payable47/48 | €5k | |
| Accrued charges and deferred income492/3 | €105 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €25k |
| + Depreciation and write-downs630 | €7k |
| Operating cash flow (approximation) | €33k |
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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
NBB filing
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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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, Wingene · 1 establishment unit since 2019
Ground area
455 m²
Building footprint
146 m²
Volume, LiDAR
744 m³
Parcel 37019E0854/00L002, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mideco
since 20192.284.457.490
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019E0854/00L002 | Flanders | 455 m² | 1 · 146 m² | 11.2 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.
Similar companies · same sector, comparable size
IDB Trading
BE 0845.378.061
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CMK
BE 0884.535.773
Elsene · Eq €66,501
AND
BE 0775.772.148
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BELGI - PUB
BE 0440.606.365
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FRAVEL
BE 0734.715.414
Kortrijk · Eq €67,252
Of 1,744 companies in sector 46150 we hold annual accounts for 759. 593 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
Founded29-01-2019
Fiscal year end31-03
Trade name NL
MD Furniture
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
Scores and ratios are computed by Checked and are not a credit decision.