Turnover
≈ €200,000 estimated
The micro format states no turnover.
Heraco
Lifetime
1 annual account with figurespeak €48,145 (2025)
€48,145
peak €25,103 (2025)
€25,103
peak €66,288 (2025)
€66,288
€151,953
Board2 names since 2019
1 directorDeslypere Michaël
Documentsfilings and deeds
28-11-202528 days late
2025micro format
First year with figures
Key points
from the 2025 annual accounts2025 accounts filed 28 days after the deadline
Checked score
64
Healthy
Financially stronger than 55% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.6%highest value
01-2025: 3.2%▼ -0.4 percentage points vs 12-2024
02-2025: 3.2%● unchanged vs 01-2025
03-2025: 3.2%● unchanged vs 02-2025
04-2025: 3.2%● unchanged vs 03-2025
05-2025: 2.2%▼ -1.0 percentage point vs 04-2025
06-2025: 2.1%▼ -0.1 percentage points vs 05-2025
07-2025: 2.1%● unchanged vs 06-2025
08-2025: 2.1%● unchanged vs 07-2025
09-2025: 2.1%● unchanged vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.1%● unchanged vs 10-2025
12-2025: 0.8%▼ -1.3 percentage points vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026lowest value
05-2026: 0.8%● unchanged vs 04-2026lowest value
06-2026: 0.8%● unchanged vs 05-2026lowest value
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.8%▼ -0.1 percentage points vs 08-2026
10-2026: 1.1%▲ +0.3 percentage points vs 09-2026
11-2026: 1.4%▲ +0.3 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2025 (filed on 28-11-2025)
Founded in 2019
1 financial year not filed after the legal deadline; last filed accounts filed 28 days late
lowers risk
Size: total assets €218,241
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 40% of them on solvency, 47% on liquidity and 77% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.33, below 1. Short-term debt is 25.6% and cash 6.3% of total assets. 69.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
28 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- Michaël Deslypere general partnerdeed of 04-11-2022
Shares in 1 company, Meubelfabriek Vandenberghe
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0719529172
Company renamed from MD Furniture to Heraco
Change of role: Deslypere Michaël, from statutory manager to statutory director · Appointment: Vanden Berghe Charlotte (successor statutory director) · Director discharge: Deslypere Michaël (statutory manager) · General meeting of 2024-07 · Gazette deed
Appointment: Michaël Deslypere (manager and general partner)
Partner: Michaël Deslypere (general partner) · General meeting of 06-10-2022 · Gazette deed
Registered office moved from Jabbeke to Zwevezele
New registered office: Lichterveldestraat 46 te 8750 Zwevezele · Previous registered office: Gistelsteenweg 39-8490 Jabbeke · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Heraco Wingene | €218,241 | €48,145 | 30.4% | - |
| PARO DISTRIBUTION Tintigny | €187,430 | €47,490 | 63.6% | - |
| NETTECO Enghien | €216,577 | €64,275 | 51.3% | - |
| Vintensa Roeselare | €193,959 | €26,842 | 90.9% | - |
| ILLUME DESIGNS Antwerp | €204,048 | €68,536 | 91.7% | - |
| LOISIRS, NATURE, PECHE ET PASSION Saint-Ghislain | €162,260 | €50,633 | 92.7% | - |
| L'ENTREPOOL Chaumont-Gistoux | €260,274 | €46,599 | 85.9% | - |
These companies have the same main activity as Heraco: agents in the wholesale of furniture, household goods and hardware (NACE 46150). They are comparable in size and age: total assets between €162,000 and €260,000, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 29-01-2019Normal situation
- Activity
- Agents in the wholesale of furniture, household goods and hardwareNACE 46150
- Establishment unit
- 2.284.457.4908750 Wingene, since 29-01-2019
- Financial year end
- 31 March
- Peppol
- Reachable since 12-02-2025
Insights on Heraco
Heraco has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,288 and a net result of €25,103.
Its solvency ranks better than 42% of 13,805 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Heraco
- What is the company number of Heraco?
- The company number of Heraco is 0719.529.172. The VAT number is the same number with BE in front: BE 0719.529.172.
- Where is Heraco based?
- The registered office is at Lichterveldestraat 46, 8750 Wingene.Company details
- What does Heraco do?
- According to the KBO register, the main activity is agents in the wholesale of furniture, household goods and hardware (NACE 46150).
- What is the legal form of Heraco?
- Heraco is a private limited company (BV).
- When was Heraco founded?
- Heraco was founded on 29-01-2019.
- Is Heraco still active?
- Yes, Heraco is an active enterprise in the KBO register.
- What is the turnover of Heraco?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €48,145 and 38 comparable companies (NACE 461). It probably lies between €130,000 and €530,000.Financials
- Is Heraco profitable?
- In financial year 2025, Heraco made a profit of €25,103.
- Where can I find the annual accounts of Heraco?
- Heraco filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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