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Generated 04-09-2026
Active BE 0453.195.084Private limited company

HERBOTS ANIMAL PRODUCTS

Dungelstraat 37 ·3440 Zoutleeuw, Belgium· 32 yrs active
Sector: Wholesale of agricultural produce and animal feed, general range (46216)
Conclusion Checked

HERBOTS ANIMAL PRODUCTS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125k and a net result of €1k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 70% of 875 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €125k
Net result €1k
Better than sector 70%
Active 32 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health86Profitability5Solvency98Growth78Stability100
73 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 86
Profitability 5
Solvency 98
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1994, 32 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score FY 2025 · computed
86 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview31 NBB filings
Annual accounts filed on 28-05-2026 with the NBB · fiscal year 2025 · micro schema
€0€1k€2k€3kOperating result 2023: €1k€1kNet result 2023: €1k€1kOperating result 2024: €3k€3kNet result 2024: €2k€2kOperating result 2025: €3k€3kNet result 2025: €1k€1k202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 3 fiscal years (±1.4%/year).
€110k€120k€130k€140k2026: €127k (€117k - €137k)2027: €129k (€119k - €139k)2028: €130k (€120k - €140k)2023: €122k2024: €124k2025: €125k202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 59.6% 35.1%
better than 70% of 875 sector peers
Net result €1k €10k
better than 33% of 874 sector peers
Equity €125k €40k
better than 76% of 876 sector peers
Gross operating margin €11k €32k
better than 32% of 873 sector peers
Total assets €210k €131k
better than 63% of 875 sector peers
EBITDA
€3k
-4.0% 23-25
Net profit
€1k
-41.3% 23-25
Cash flow
€2k
-30.1% 23-25
Total assets
€210k
-7.3% 23-25
Equity
€125k
+1.1% 23-25
Working capital
€173k
-0.7% 23-25
Income taxes
€1k
-37.3% 23-25
Debt
€85k
-17.4% 23-25
Debt ≤ 1y
€5k
-70.1% 23-25
Debt > 1y
€50k
+0.1% 23-25
Current ratio
35.20
+211.2% 23-25
Quick ratio
27.31
+201.5% 23-25
Solvency
59.6%
+9.0% 23-25
Debt / equity
0.68
-18.2% 23-25
ROE
1.1%
-41.9% 23-25
ROA
0.6%
-36.7% 23-25
Interest coverage
7.58
-28.8% 23-25
Figures by fiscal year and ratios
Fiscal year2025
Depositmicro schema
Revenue-
EBITDA€3k
Net profit€1k
Cash flow€2k
Staff costs-
Income taxes€1k
Dividends-
Total assets€210k
Equity€125k
Debt€85k
of which ≤ 1y€5k
of which > 1y€50k
Working capital€173k
Employees (FTE)-
Ratios (computed)
2025
Current ratio35.20
Quick ratio27.31
Working capital ratio82.5%
Solvency59.6%
Debt / equity0.68
Long-term debt ratio0.40
Interest coverage7.58
Gross margin-
Net margin-
ROA0.6%
ROE1.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€210k
Fixed assets 21/28€32k
Tangible fixed assets 22/27€3k
Financial fixed assets 28€29k
Current assets 29/58€178k
Stocks & contracts in progress 3€40k
Amounts receivable within one year 40/41€55k
Cash & bank 54/58€81k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€210k
Equity 10/15€125k
Contributions / capital 10/11€19k
Reserves 13€106k
Amounts payable 17/49€85k
Amounts payable after one year 17€50k
Amounts payable within one year 42/48€5k
Trade debts payable within one year 44€5k
Income statement
Gross operating margin 9900€11k
Operating result 9901€3k
Financial income 75€179
Financial charges 65€404
Result before taxes 9903€2k
Income taxes 67/77€1k
Net result for the period 9904€1k
Result to be appropriated 9905€1k
Legal Structure
NACE primary Wholesale of agricultural produce and animal feed, general range(46216)
Legal form Private limited company(610)
Incorporation04-08-1994
StatusActive
Postal code3440
Establishment units 1 location
Dungelstraat 37, 3440 Zoutleeuw
NACE 51476
since 19972.068.403.749
Real-estate footprint Source: CBE × cadastre
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24036B0503/00D003 Flanders 155 m² 1 · 129 m² 10.2 m · 3 fl.
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.
Updates 11 events
2017 2017: 1 NBB filing 2018 2018: 1 NBB filing 2019 2019: 1 NBB filing 2020 2020: 1 NBB filing 2021 2021: 1 NBB filing 2022 2022: 1 State Gazette act, 1 NBB filing 2023 2023: 1 NBB filing 2024 2024: 1 NBB filing 2025 2025: 1 NBB filing 2026 2026: 1 NBB filing
2026
28-05-2026 NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06-2025 NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-05-2024 NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06-2023 NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06-2022 NBB filing Annual accounts filed
fiscal year 2021 · micro schema
25-03-2022 State Gazette act Director changes
Bernard INDEKEU
2021
17-06-2021 NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-06-2020 NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06-2019 NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-08-2018 NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-08-2017 NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 4 years ago
2022
25-03-2022 Change of permanent representative Director changes·Bernard INDEKEU
Notary: Bernard INDEKEU · Zoutleeuw
Technical details 
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      "kind": "decharge_granted",
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      "compensated": null,
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      "evidence_quote": "Er wordt kwijting verleend over hun mandaat.",
      "decharge_status": "granted",
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      "kind": "decharge_granted",
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      "decharge_status": "granted",
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      "decharge_status": "granted",
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      "rep_rotation_old_rep": null,
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      "role": "gevolmachtigd",
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      "via_org": {
        "kbo": null,
        "name": "Meekers Accountants",
        "address": "3800 Sint-Truiden, Luikersteenweg 57-59",
        "country": "BE",
        "legal_form": null
      },
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  "notary": {
    "name": "Bernard INDEKEU",
    "firm_city": null,
    "firm_name": null,
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    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2022-03-25",
    "filing_date": "2022-03-23",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
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      "body": "buitengewone_algemene_vergadering",
      "date": "2022-03-15",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0453.195.084",
    "name_full": "HERBOTS ANIMAL PRODUCTS",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Bernard INDEKEU",
    "org_rep_person_name": null,
    "person_role_at_subject": "Geassocieerd Notaris"
  },
  "co_filed_documents": [
    "uitgifte van het proces-verbaal",
    "geco\u00F6rdineerde statuten"
  ],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount
Company registry (CBE) Crossroads Bank
Activities
Wholesale of agricultural produce and animal feed, general range4621651210
Names & trade names
Legal nameNL HERBOTS ANIMAL PRODUCTS
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative