Parent and group
- Rhea Ingredients100%
HERBAFROST
ActiveSummary
HERBAFROST has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €4.5m and a net result of €1.8m. Equity has been stable since 2019 (±2.1% per year). Its solvency ranks better than 37% of 40 sector peers (NACE 10, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 19-01-2000 Normal situation
- Activity
- Manufacture of food products NACE 10393and 1 other
- Joint committees
- 220 Paritair Comité voor de bedienden uit de voedingsnijverheid
- 118 Paritair Comité voor de voedingsnijverheid · annual accounts 31-03-2026
- Establishment units
- 2.099.400.791 2235 Hulshout, since 18-02-2000
- 2.150.124.170 8600 Diksmuide, since 25-11-2005
- Financial year end
- 31 March
- Peppol
- Reachable since 03-02-2026
Board and ownership
Board
- BV RHEA IngredientsManaging director · permanent representative Bart Windey
- BV IB LogicsDirector · since 25-02-2022 · permanent representative Vincent Vanden Bempt
- MBAA Investments LTD (B.O.) (B.O.)Director · since 25-02-2022
- Auditor
- Figurad Bedrijfsrevisoren
Shareholders
- IMMO HERBAFROST100%· score 9231-03-2026 annual accounts of IMMO HERBAFROST
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts to 31-03-2026
- Turnover
- €20.9m
- ▲ 6.4%
- Profit
- €1.8m
- ▲ 6.6%
- Equity
- €4.5m
- ▲ 25.2%
- Total assets
- €12.4m
- ▲ 14.3%
- Employees on 31-03-2026
- 40
- ▲ 11.1%
Score breakdownraises riskSector: Manufacture of food products (NACE 10)Liquidity: current ratio 2.55, cash €172,433lowers riskFounded in 2000Profit of €1.8m (financial year 2026)Show the evidence
Checked score
Score 2026
89
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 60% of small companies in food products (NACE 10)
Financial strength · tick: 2025
Strong
Solvency
61+3
equity 36.3% of total assets
Liquidity
38-1
short-term debt 31.7% · cash 1.4%
Profitability
83-1
return on assets 14.2%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025highest value
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.2%▼ -0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.2%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €400,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.55 (2.64 in 2025), above the usual 1.5. Short-term debt is 31.7% and cash 1.4% of total assets. However, 63.7% of the assets are financed with debt and provisions.
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 10, small). It does better than 50% of them on solvency, 39% on liquidity, 79% on profitability and 75% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year €4.5m
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-10-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
17 days early
2025
35 days early
2024
34 days early
2023
32 days early
2022
27 days early
2021
44 days early
2020
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 29 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-03-2027 year end31-10-2027 deadline
Key points
- Positive: 5 years of growth in a rowturnover 2026: €20.9m 5 years View
- Positive: 4th largest company by total assets in Hulshout, Manufacturing sectorin the Checked rankings No. 4 View
- Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
- Positive: Equity rose in 2026from €3.6m to €4.5m ▲ 25.2% View
Recent changes
- · Gazette deed Permanent representative: Erik BauwelinckAppointment: FiguradBedrijfsrevisoren (statutory auditor)
- · Gazette deed Permanent representatives: Ann Van Vlaenderen, Erik Bauwelinck and Windey BartAppointment: Figurad Bedrijfsrevisoren (statutory auditor)
- · Gazette deed 5 directors appointed, 4 directors resigningResignations: Simonne Van Ast, NV Immo Herbafrost and BV Liva · Permanent representatives: Bart Windey, Pieter Van Asten and 3 others · Appointments: BV RHEA Ingredients, NV Immo Herbafrost and 2 others
Companies linked to HERBAFROST
Comparable companies
These companies have their main activity in the same NACE class as HERBAFROST: manufacture of food products (NACE 1039). With exactly the same main activity (NACE 10393), too few companies are of comparable size. They are comparable in size and age: total assets between €4.2m and €22m, founded between 1990 and 2006.
| Company | Total assets | Turnover |
|---|---|---|
| HERBAFROST Hulshout | €12.4m | €20.9m |
| FOOD SHAKERS Asse | €5.8m | €18.1m |
| SIROPERIE MEURENS Aubel | €21.9m | €17.1m |
| ROYAL FRUIT COMPANY Sint-Truiden | €16.0m | €30.9m |
| RABBIT Diest | €4.2m | €15.9m |
| AGRAFRESH Pittem | €18.8m | €36.8m |
| SVZ Rijkevorsel Rijkevorsel | €14.9m | €11.8m |
Key facts about HERBAFROST
- What is the company number of HERBAFROST?
- The company number of HERBAFROST is 0469.917.884. The VAT number is the same number with BE in front: BE 0469.917.884.
- Where is HERBAFROST based?
- The registered office is at Industriepark 19, 2235 Hulshout.Company details
- What does HERBAFROST do?
- According to the KBO register, the main activity is manufacture of food products (NACE 10393).
- What is the legal form of HERBAFROST?
- The legal form of HERBAFROST is Public limited company (NV).
- When was HERBAFROST founded?
- HERBAFROST was founded on 19-01-2000.
- Is HERBAFROST still active?
- Yes, HERBAFROST is an active enterprise in the KBO register.
- How many employees does HERBAFROST have?
- HERBAFROST had an average of 37.7 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does HERBAFROST fall under?
- In its 31-03-2026 annual accounts, HERBAFROST states joint committees 220 (Paritair Comité voor de bedienden uit de voedingsnijverheid) and 118 (Paritair Comité voor de voedingsnijverheid).
- What is the turnover of HERBAFROST?
- The turnover of HERBAFROST was €20.9m in financial year 2026, according to the filed annual accounts.
- Is HERBAFROST profitable?
- In financial year 2026, HERBAFROST made a profit of €1.8m.
- Where can I find the annual accounts of HERBAFROST?
- HERBAFROST filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of HERBAFROST due?
- HERBAFROST must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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