Herbo - Werken
ActiveSummary
Herbo - Werken has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-39k) and a net result of €-60k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-30
Solvency12▼-20
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.36 in 2023; short-term debt: 113.2% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-13.4%
Return on assets
-20.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-39k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
47 d early
2022
40 d early
2021
40 d early
2020
18 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-39k
2023 · €21k
2018: €119k
2019: €74k
2020: €12k
2021: €27k
2022: €21k
2023: €21k
2018 → 2024
Total assets
€289k▼ 8.2%
2023 · €315k
2018: €338k
2019: €330k
2020: €322k
2021: €292k
2022: €301k
2023: €315k
2018 → 2024
Net result
€-60k
2023 · €326
2018: €-43k
2019: €-45k
2020: €-62k
2021: €15k
2022: €-6k
2023: €326
2018 → 2024
Working capital
€-244k▼ 31.5%
2023 · €-186k
2018: €-82k
2019: €-136k
2020: €-211k
2021: €-194k
2022: €-187k
2023: €-186k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€12k-€27k▲ 124%€21k▼ 21.8%€21k▲ 1.6%€-39k
Operating result€-55k-€18k€-79€19k€-57k
Net result€-62k-€15k€-6k€326€-60k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €57k after €19k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €289k
Fixed assets
€206k ▼ 1.4%
Current assets
€83k ▼ 21.6%
Key figures and ratios
EBITDA
€-54k▼
2023 · €25k
Cash flow
€-57k▼
2023 · €6k
Solvency
-13.4%▼
2023 · 6.7%
Current ratio
0.25▼
2023 · 0.36
Quick ratio
0.11▼
2023 · 0.22
Debt to equity
-8.44▼
2023 · 13.90
ROA
-20.8%▼
2023 · 0.1%
Interest coverage
-14.68▼
2023 · 1.33
Debt
€328k▲
2023 · €294k
Debt ≤ 1 year
€327k▲
2023 · €292k
Income taxes
€180▲
2023 · €173
Staff costs
€253k▼
2023 · €266k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€315k€289k▼
Fixed assets21/28€209k€206k▼
Tangible fixed assets22/27€166k€163k▼
Land and buildings22€158k€158k=
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€6k€3k▼
Financial fixed assets28€44k€44k=
Current assets29/58€106k€83k▼
Amounts receivable after more than one year29€19k€19k=
Other amounts receivable291€19k€19k=
Stocks and contracts in progress3€40k€46k▲
Stocks30/36€34k€39k▲
Contracts in progress37€6k€8k▲
Amounts receivable within one year40/41€43k€17k▼
Trade receivables40€37k€13k▼
Other amounts receivable41€6k€4k▼
Cash at bank and in hand54/58€3k€12▼
Deferred charges and accrued income490/1-€212
Equity and liabilities
Total equity and liabilities10/49€315k€289k▼
Equity10/15€21k€-39k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€262k€262k=
Non-distributable reserves130/1€108k€108k=
Legal reserve130€3k€3k=
Reserves not available under the articles1311€105k€105k=
Distributable reserves133€154k€154k=
Profit (loss) carried forward14€-302k€-362k▼
Amounts payable17/49€294k€328k▲
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€292k€327k▲
Current portion of amounts payable after more than one year42€5k€2k▼
Financial debts43€124k€145k▲
Credit institutions430/8-€10k
Other loans439€124k€135k▲
Trade debts44€77k€95k▲
Suppliers440/4€77k€95k▲
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€173€180▲
Remuneration and social security454/9€4k€4k▼
Other amounts payable47/48€81k€81k▲
Accrued charges and deferred income492/3-€712
Income statement
Code20232024
Remuneration, social security and pensions62€266k€253k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€297k€206k▼
Operating profit (loss)9901€19k€-57k▼
Financial income75/76B€79€414▲
Recurring financial income75€79€414▲
Financial charges65/66B€19k€4k▼
Recurring financial charges65€19k€4k▼
Profit (loss) for the period before taxes9903€499€-60k▼
Income taxes67/77€173€180▲
Profit (loss) for the period9904€326€-60k▼
Profit (loss) for the period to be appropriated9905€326€-60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-302k€-362k▼
Profit (loss) brought forward from the previous period14P€-303k€-302k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €326
Net result €326 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after 3 loss-making years.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 1978
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.
Gestichtstraat 459000 GentGround area
2,325 m²
Building footprint
249 m²
Volume, LiDAR
1,792 m³
Parcel 44082B0459/00N002, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HERBO WERKEN
since 19782.015.421.260
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0459/00N002 | Flanders | 2,325 m² | 1 · 249 m² | 11.8 m · 3 fl. |
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.
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B'ATI CONSTRUC
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 11,679 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-10-1978
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43410Roofing work
43221Plumbing work
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.