HERBOB
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 17 filings
Turnover
≈ €270,000
Estimated: probably between €200,000 and €330,000
Total assets
€298,740▲ 48.8%
2024 · €200,805
Net result
€18,930▼ 23.7%
2024 · €24,801
Working capital
€5,655▼ 85.9%
2024 · €40,175
In the rankings
#8 company by equity in Rijkevorsel, Accommodation and food service sector#8 oldest company in Rijkevorsel, Accommodation and food service sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€29,838
▼ 12.2%
2025
20182025
Net result
€18,930
▼ 23.7%
2025
middle half of the sector
20182025
Equity
€159,815
▲ 11.1%
2025
highest quarter of the sector
20182025
Total assets
€298,740
▲ 48.8%
2025
highest quarter of the sector
20182025
Debt
€138,925
▲ 144%
2025
20182025
Working capital
€5,655
▼ 85.9%
2025
middle half of the sector
20182025
Solvency
53.5%
▼ 18.2pp
2025
middle half of the sector
20182025
Current ratio
1.11
▼ 1.04
2025
middle half of the sector
20182025
Return on assets (ROA)
6.3%
▼ 6.0pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€11,025-€18,122▲ 64.4%€19,775▲ 9.1%€64,942▲ 228%€34,170▼ 47.4%€21,623▼ 36.7%€33,998▲ 57.2%€29,838▼ 12.2%
Net result€2,648-€12,376▲ 367%€14,331within the sector's middle half▲ 15.8%€43,104above the sector's middle half▲ 201%€24,056above the sector's middle half▼ 44.2%€14,760within the sector's middle half▼ 38.6%€24,801above the sector's middle half▲ 68.0%€18,930within the sector's middle half▼ 23.7%
Equity€18,459-€30,834▲ 67.0%€45,165within the sector's middle half▲ 46.5%€88,269above the sector's middle half▲ 95.4%€109,325above the sector's middle half▲ 23.9%€124,085above the sector's middle half▲ 13.5%€143,885above the sector's middle half▲ 16.0%€159,815above the sector's middle half▲ 11.1%
Total assets€88,466-€136,418▲ 54.2%€104,671within the sector's middle half▼ 23.3%€212,429within the sector's middle half▲ 103%€213,721within the sector's middle half▲ 0.6%€227,755within the sector's middle half▲ 6.6%€200,805within the sector's middle half▼ 11.8%€298,740above the sector's middle half▲ 48.8%
Debt€70,007-€105,584▲ 50.8%€59,506▼ 43.6%€124,161▲ 109%€104,396▼ 15.9%€103,671▼ 0.7%€56,919▼ 45.1%€138,925▲ 144%
Working capital-€11-€3,517-€8,601within the sector's middle half€27,630within the sector's middle half€33,343within the sector's middle half▲ 20.7%€19,870within the sector's middle half▼ 40.4%€40,175within the sector's middle half▲ 102%€5,655within the sector's middle half▼ 85.9%
Solvency20.9%-22.6%▲ 1.7pp43.1%within the sector's middle half▲ 20.5pp41.6%within the sector's middle half▼ 1.6pp51.2%within the sector's middle half▲ 9.6pp54.5%within the sector's middle half▲ 3.3pp71.7%above the sector's middle half▲ 17.2pp53.5%within the sector's middle half▼ 18.2pp
Current ratio1.00-1.10▲ 0.100.79within the sector's middle half▼ 0.301.53within the sector's middle half▲ 0.741.64within the sector's middle half▲ 0.101.30within the sector's middle half▼ 0.342.15above the sector's middle half▲ 0.851.11within the sector's middle half▼ 1.04
Return on assets (ROA)3.0%-9.1%▲ 6.1pp13.7%within the sector's middle half▲ 4.6pp20.3%within the sector's middle half▲ 6.6pp11.3%within the sector's middle half▼ 9.0pp6.5%within the sector's middle half▼ 4.8pp12.4%within the sector's middle half▲ 5.9pp6.3%within the sector's middle half▼ 6.0pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 12% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €298,740
Fixed assets
€242,564 ▲ 92.9%
Current assets
€56,176 ▼ 25.2%
Equity and liabilities €298,740
Equity
€159,815 ▲ 11.1%
Debt
€138,925 ▲ 144%
Debt's share of the balance-sheet total rises from 28.3% to 46.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€71,360▲
2024 · €66,310
Cash flow
€60,452▲
2024 · €57,113
Debt to equity
0.87▲
2024 · 0.40
ROE
11.8%▼
2024 · 17.2%
Interest coverage
28.80▼
2024 · 57.59
Debt ≤ 1 year
€50,521▲
2024 · €34,907
Debt > 1 year
€87,064▲
2024 · €22,012
Income taxes
€8,430▲
2024 · €8,066
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €170,538 | €100,503 | €169,361 | €16,639 | €158,363 |
| Depreciation and write-downs of the year | €16,126 | €19,505 | €12,559 | €32,313 | €41,522 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €11,457 | €2,994 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,905 | €29,166 | €20,050 | €16,126 | €19,505 | €12,559 | €32,313 | €41,522 | ▲ 28.5% |
| Other operating charges640/8 | - | - | - | €919 | €556 | €1,049 | €2,342 | €2,153 | ▼ 8.0% |
| Non-recurring operating charges66A | - | - | - | €6,889 | €0 | €19,440 | €0 | - | - |
| Gross operating margin9900 | €34,711 | €48,364 | €47,839 | €88,876 | €54,231 | €54,670 | €68,652 | €73,513 | ▲ 7.1% |
| Operating profit (loss)9901 | €11,025 | €18,122 | €19,775 | €64,942 | €34,170 | €21,623 | €33,998 | €29,838 | ▼ 12.2% |
| Financial income75/76B | - | - | - | €0 | €3 | €67 | €20 | €0 | ▼ 100% |
| Recurring financial income75 | €3 | €0 | €0 | €0 | €3 | €67 | €20 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €2,274 | €1,947 | €1,395 | €1,151 | €2,478 | ▲ 115% |
| Recurring financial charges65 | €1,395 | €1,634 | €1,588 | €2,274 | €1,947 | €1,395 | €1,151 | €2,478 | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €9,634 | €16,488 | €18,187 | €62,668 | €32,225 | €20,295 | €32,866 | €27,360 | ▼ 16.8% |
| Income taxes67/77 | €6,986 | €4,112 | €3,857 | €19,564 | €8,169 | €5,535 | €8,066 | €8,430 | ▲ 4.5% |
| Profit (loss) for the period9904 | €2,648 | €12,376 | €14,331 | €43,104 | €24,056 | €14,760 | €24,801 | €18,930 | ▼ 23.7% |
| Profit (loss) for the period to be appropriated9905 | €2,648 | €12,376 | €14,331 | €43,104 | €24,056 | €14,760 | €24,801 | €18,930 | ▼ 23.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €88,466 | €136,418 | €104,671 | €212,429 | €213,721 | €227,755 | €200,805 | €298,740 | ▲ 48.8% |
| Fixed assets21/28 | €62,324 | €97,054 | €71,562 | €133,042 | €128,034 | €141,396 | €125,723 | €242,564 | ▲ 92.9% |
| Tangible fixed assets22/27 | €62,324 | €97,054 | €71,562 | €133,042 | €128,034 | €141,396 | €125,723 | €242,564 | ▲ 92.9% |
| Plant, machinery and equipment23 | - | - | - | €4,692 | €4,775 | €7,856 | €13,887 | €20,747 | ▲ 49.4% |
| Furniture and vehicles24 | - | - | - | €86,006 | €85,940 | €101,246 | €84,566 | €199,572 | ▲ 136% |
| Other tangible fixed assets26 | - | - | - | €42,344 | €37,319 | €32,294 | €27,270 | €22,245 | ▼ 18.4% |
| Current assets29/58 | €26,142 | €39,365 | €33,108 | €79,387 | €85,687 | €86,359 | €75,082 | €56,176 | ▼ 25.2% |
| Amounts receivable within one year40/41 | €692 | €11,879 | €30,484 | €32,307 | €69,846 | €12,565 | €14,520 | €718 | ▼ 95.1% |
| Trade receivables40 | - | - | - | €32,307 | €69,846 | €12,100 | €14,520 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0 | - | €465 | €0 | €718 | - |
| Cash at bank and in hand54/58 | €25,429 | €27,032 | €2,172 | €46,631 | €15,840 | €73,794 | €60,562 | €53,917 | ▼ 11.0% |
| Deferred charges and accrued income490/1 | - | - | - | €449 | €0 | - | - | €1,541 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €88,466 | €136,418 | €104,671 | €212,429 | €213,721 | €227,755 | €200,805 | €298,740 | ▲ 48.8% |
| Equity10/15 | €18,459 | €30,834 | €45,165 | €88,269 | €109,325 | €124,085 | €143,885 | €159,815 | ▲ 11.1% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €208 | €208 | €208 | €43,312 | €64,368 | €79,128 | €98,928 | €114,858 | ▲ 16.1% |
| Non-distributable reserves130/1 | - | - | - | €208 | €208 | €208 | €208 | €208 | = |
| Reserves not available under the articles1311 | - | - | - | €208 | €208 | €208 | €208 | €208 | = |
| Distributable reserves133 | - | - | - | €43,104 | €64,160 | €78,920 | €98,720 | €114,651 | ▲ 16.1% |
| Profit (loss) carried forward14 | -€349 | €12,026 | €26,357 | €26,357 | €26,357 | €26,357 | €26,357 | €26,357 | = |
| Amounts payable17/49 | €70,007 | €105,584 | €59,506 | €124,161 | €104,396 | €103,671 | €56,919 | €138,925 | ▲ 144% |
| Amounts payable after more than one year17 | €43,855 | €69,736 | €17,796 | €70,308 | €52,052 | €37,181 | €22,012 | €87,064 | ▲ 296% |
| Financial debts170/4 | - | - | - | €70,308 | €52,052 | €37,181 | €22,012 | €87,064 | ▲ 296% |
| Amounts payable within one year42/48 | €26,153 | €35,848 | €41,709 | €51,758 | €52,344 | €66,489 | €34,907 | €50,521 | ▲ 44.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,002 | €14,578 | €14,870 | €15,169 | €28,566 | ▲ 88.3% |
| Financial debts43 | - | - | - | €1,509 | €2,008 | €1,918 | €0 | - | - |
| Credit institutions430/8 | - | - | - | €1,509 | €2,008 | €1,918 | €0 | - | - |
| Trade debts44 | €5,397 | €3,442 | €5,607 | €1,056 | €8,782 | €5,132 | €5,080 | €6,751 | ▲ 32.9% |
| Suppliers440/4 | - | - | - | €1,056 | €8,782 | €5,132 | €5,080 | €6,751 | ▲ 32.9% |
| Taxes, remuneration and social security45 | - | - | - | €29,194 | €14,849 | €34,342 | €6,108 | €7,002 | ▲ 14.6% |
| Taxes450/3 | - | - | - | €29,194 | €12,574 | €32,066 | €3,832 | €7,002 | ▲ 82.7% |
| Remuneration and social security454/9 | - | - | - | €0 | €2,276 | €2,276 | €2,276 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €6,996 | €12,127 | €10,227 | €8,550 | €8,202 | ▼ 4.1% |
| Accrued charges and deferred income492/3 | - | - | - | €2,095 | €0 | - | - | €1,339 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,648 | €12,376 | €14,331 | €43,104 | €24,056 | €14,760 | €24,801 | €18,930 | ▼ 23.7% |
| + Depreciation and write-downs630 | €15,905 | €29,166 | €20,050 | €16,126 | €19,505 | €12,559 | €32,313 | €41,522 | ▲ 28.5% |
| Operating cash flow (approximation) | €18,554 | €41,541 | €34,381 | €59,230 | €43,561 | €27,319 | €57,113 | €60,452 | ▲ 5.8% |
| Investment in fixed assets (approximation) | - | -€63,895 | €5,441 | -€77,606 | -€14,496 | -€25,921 | -€16,639 | -€158,363 | ▼ 852% |
| Change in cash | - | €1,603 | -€24,860 | €44,460 | -€30,791 | €57,953 | -€13,232 | -€6,644 | ▲ 49.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as HERBOB has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of HERBOB itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for HERBOB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00320812 | |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00221974 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00195099 | |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00261241 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20112042 | |
| 31-12-2020 | micro format | 01-07-2021 | 2021-29000085 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-35900564 | |
| 31-12-2018 | micro format | 28-06-2019 | 2019-24500596 | |
| 31-12-2017 | abbreviated format | 31-07-2018 | 2018-41000541 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-25900197 |