HERASAN
ActiveHERASAN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €873k and a net result of €430k. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+13
Solvency87▲+8
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 2.68 against 1.76 in 2024; short-term debt: 33.1% and cash: 54.2% of total assets), and 38% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
62%
Return on assets
30.5%
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
29 d late
2023
30 d late
2022
31 d late
2021
26 d late
2020
17 d early
2019
36 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€873k▲ 96.8%
2024 · €444k
2018: €806k
2019: €149k
2020: €151k
2021: €151k
2022: €333k
2023: €321k
2024: €444k
2018 → 2025
Total assets
€1.41M▲ 71.0%
2024 · €824k
2018: €1.46M
2019: €885k
2020: €884k
2021: €857k
2022: €800k
2023: €720k
2024: €824k
2018 → 2025
Net result
€430k▲ 249%
2024 · €123k
2018: €-63k
2019: €38k
2020: €-5k
2021: €-689
2022: €183k
2023: €-13k
2024: €123k
2018 → 2025
Working capital
€782k▲ 233%
2024 · €235k
2018: €765k
2019: €192k
2020: €137k
2021: €171k
2022: €222k
2023: €7k
2024: €235k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€151k-€333k▲ 121%€321k▼ 3.8%€444k▲ 38.4%€873k▲ 96.8%
Operating result€-10k-€280k€-54k€174k€594k▲ 242%
Net result€-689-€183k€-13k€123k€430k▲ 249%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 242% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.41M
Fixed assets
€160k▼ 43.2%
Current assets
€1.25M▲ 130%
Equity and liabilities €1.41M
Equity
€873k▲ 96.8%
Provisions
€68k▼ 3.1%
Debt
€467k▲ 50.9%
The debt ratio falls from 37.6% to 33.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€617k▲
2024 · €213k
Cash flow
€452k▲
2024 · €162k
Solvency
62.0%▲
2024 · 53.9%
Current ratio
2.68▲
2024 · 1.76
Quick ratio
2.66▲
2024 · 1.75
Debt / equity
0.53▼
2024 · 0.70
ROE
49.2%▲
2024 · 27.7%
ROA
30.5%▲
2024 · 14.9%
Interest coverage
611.96▲
2024 · 211.90
Debt
€467k▲
2024 · €309k
Debt ≤ 1 year
€466k▲
2024 · €308k
Debt > 1 year
€332▼
2024 · €1k
Income taxes
€172k▲
2024 · €213
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€824k€1.41M▲
Fixed assets21/28€281k€160k▼
Intangible fixed assets21€8k€6k▼
Tangible fixed assets22/27€273k€154k▼
Land and buildings22€252k€143k▼
Plant, machinery and equipment23€7k€3k▼
Furniture and vehicles24€14k€7k▼
Current assets29/58€543k€1.25M▲
Stocks and contracts in progress3€5k€7k▲
Stocks30/36€5k€7k▲
Amounts receivable within one year40/41€8k€6k▼
Trade receivables40€3k€3k▲
Other amounts receivable41€6k€3k▼
Current investments50/53€372k€472k▲
Cash at bank and in hand54/58€158k€763k▲
Deferred charges and accrued income490/1-€648
Equity and liabilities
Total equity and liabilities10/49€824k€1.41M▲
Equity10/15€444k€873k▲
Contributions10/11€19k€19k=
Reserves13€480k€774k▲
Tax-exempt reserves132€212k€205k▼
Distributable reserves133€269k€569k▲
Profit (loss) carried forward14€-55k€81k▲
Provisions and deferred taxes16€71k€68k▼
Deferred taxes168€71k€68k▼
Amounts payable17/49€309k€467k▲
Amounts payable after more than one year17€1k€332▼
Other amounts payable178/9€1k€332▼
Amounts payable within one year42/48€308k€466k▲
Trade debts44€3k€705▼
Suppliers440/4€3k€705▼
Taxes, remuneration and social security45€58€170k▲
Taxes450/3€58€170k▲
Other amounts payable47/48€304k€296k▼
Accrued charges and deferred income492/3€387-
Income statement
Code20242025
Non-recurring operating income76A€262k€644k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€23k▼
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€220k€624k▲
Operating profit (loss)9901€174k€594k▲
Financial income75/76B€10k€6k▼
Recurring financial income75€10k€6k▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€183k€599k▲
Transfer from deferred taxes780€3k€2k▼
Transfer to deferred taxes680€63k-
Income taxes67/77€213€172k▲
Profit (loss) for the period9904€123k€430k▲
Transfer from tax-exempt reserves789€9k€7k▼
Transfer to tax-exempt reserves689€188k-
Profit (loss) for the period to be appropriated9905€-55k€436k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€381k▲
Profit (loss) brought forward from the previous period14P-€-55k
Transfer from equity791/2€0-
Transfer to equity691/2-€300k
To other reserves6921-€300k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €430k ▲249%
Operating result €594k, net result €430k, both a record.
31-12
Financial
Equity above €500kEq €873k ▲96.8%
2 profitable years in a row build equity to €873k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €123k
Net result €123k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €183k
Net result €183k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €333k ▲121%
Equity rises from €151k to €333k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €151k ▲1.7%
Equity rises from €149k to €151k.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
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.
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, Vresse-sur-Semois · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Liboichant,Chairière 485550 Vresse-sur-SemoisGround area
2,224 m²
Building footprint
131 m²
Parcel 91223A0561/00S000, Wallonia. Linked by address, not a title deed.
1 establishment unit
HERASAN
since 19892.291.090.609
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91223A0561/00S000 | Wallonia | 2,224 m² | 1 · 131 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600UMUSZXKNZSU047
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 5,059 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-12-1989
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
56101Full-service restaurants
56111Full-service restaurants
68110Buying and selling of own real estate
81300Landscape service activities
85599Other education
96040Personal service activities
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.