HERBRAND
ActiveSummary
HERBRAND has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184,122 and a net result of €32,512. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 68% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+25
Solvency75▲+22
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.16 in 2024; short-term debt: 41.6% and cash: 4.7% of total assets), but 50.5% of the assets are financed with debt.
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Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
49.5%
Return on assets
8.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-09-2025, 124 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
124 d early
2024
121 d early
2023
121 d early
2022
120 d early
2021
124 d early
2020
107 d early
2019
122 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 120 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 2 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€32,512
2024 · -€21,374
Working capital
€94,935▲ 124%
2024 · €42,370
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,859▼ 75.9%€81,663▲ 450%€50,635▼ 38.0%€1,931▼ 96.2%€65,561▲ 3,295%
Net result€1,879within the sector's middle half▼ 95.9%€60,658within the sector's middle half▲ 3,128%€30,437within the sector's middle half▼ 49.8%-€21,374below the sector's middle half€32,512within the sector's middle half
Equity€84,307within the sector's middle half▲ 2.3%€151,598within the sector's middle half▲ 79.8%€178,396within the sector's middle half▲ 17.7%€154,903within the sector's middle half▼ 13.2%€184,122within the sector's middle half▲ 18.9%
Total assets€488,403within the sector's middle half▼ 17.8%€593,385within the sector's middle half▲ 21.5%€712,326within the sector's middle half▲ 20.0%€563,198within the sector's middle half▼ 20.9%€371,604below the sector's middle half▼ 34.0%
Debt€404,096▼ 18.6%€441,787▲ 9.3%€533,930▲ 20.9%€408,295▼ 23.5%€187,482▼ 54.1%
Working capital€11,991below the sector's middle half▼ 21.3%€84,782within the sector's middle half▲ 607%€56,904within the sector's middle half▼ 32.9%€42,370within the sector's middle half▼ 25.5%€94,935within the sector's middle half▲ 124%
Solvency17.3%within the sector's middle half▲ 3.4pp25.5%within the sector's middle half▲ 8.3pp25.0%within the sector's middle half▼ 0.5pp27.5%within the sector's middle half▲ 2.5pp49.5%within the sector's middle half▲ 22.0pp
Current ratio1.05below the sector's middle half=1.27within the sector's middle half▲ 0.221.16within the sector's middle half▼ 0.111.16within the sector's middle half=1.61within the sector's middle half▲ 0.45
Return on assets (ROA)0.4%within the sector's middle half▼ 7.4pp10.2%above the sector's middle half▲ 9.8pp4.3%within the sector's middle half▼ 5.9pp-3.8%below the sector's middle half▼ 8.1pp8.7%above the sector's middle half▲ 12.5pp
Staff (FTE)3.8below the sector's middle half▼ 2.6%4.1within the sector's middle half▲ 7.9%5.7within the sector's middle half▲ 39.0%4.4within the sector's middle half▼ 22.8%3.9within the sector's middle half▼ 11.4%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3,295% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €371,604
Fixed assets
€122,135 ▼ 52.7%
Current assets
€249,469 ▼ 18.1%
Equity and liabilities €371,604
Equity
€184,122 ▲ 18.9%
Debt
€187,482 ▼ 54.1%
Debt's share of the balance-sheet total falls from 72.5% to 50.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89,641▲
2024 · €69,142
Cash flow
€56,592▲
2024 · €45,837
Quick ratio
0.49▼
2024 · 0.50
Debt to equity
1.02▼
2024 · 2.64
ROE
17.7%▲
2024 · -13.8%
Interest coverage
3.82▲
2024 · 2.74
Debt ≤ 1 year
€154,534▼
2024 · €262,390
Debt > 1 year
€32,826▼
2024 · €142,242
Income taxes
€11,654▲
2024 · €693
Staff costs
€153,289▼
2024 · €195,978
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,500 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €170,317 | €238,926 | €195,978 | €153,289 | ▼ 21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,385 | €57,598 | €55,537 | €67,211 | €24,080 | ▼ 64.2% |
| Other operating charges640/8 | - | €1,511 | €11,082 | €3,954 | €19,487 | ▲ 393% |
| Gross operating margin9900 | €204,816 | €311,089 | €356,180 | €269,074 | €262,417 | ▼ 2.5% |
| Operating profit (loss)9901 | €14,859 | €81,663 | €50,635 | €1,931 | €65,561 | ▲ 3,295% |
| Financial income75/76B | - | €2,125 | €2,436 | €2,612 | €2,082 | ▼ 20.3% |
| Recurring financial income75 | €4,692 | €2,125 | €2,436 | €2,612 | €2,082 | ▼ 20.3% |
| Financial charges65/66B | - | €17,320 | €22,236 | €25,224 | €23,477 | ▼ 6.9% |
| Recurring financial charges65 | €17,274 | €17,320 | €22,236 | €25,224 | €23,477 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €2,277 | €66,468 | €30,835 | -€20,681 | €44,166 | ▲ 314% |
| Income taxes67/77 | €398 | €5,810 | €398 | €693 | €11,654 | ▲ 1,582% |
| Profit (loss) for the period9904 | €1,879 | €60,658 | €30,437 | -€21,374 | €32,512 | ▲ 252% |
| Profit (loss) for the period to be appropriated9905 | €1,879 | €60,658 | €30,437 | -€21,374 | €32,512 | ▲ 252% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €488,403 | €593,385 | €712,326 | €563,198 | €371,604 | ▼ 34.0% |
| Fixed assets21/28 | €238,054 | €197,397 | €303,914 | €258,438 | €122,135 | ▼ 52.7% |
| Intangible fixed assets21 | €558 | - | - | - | - | - |
| Tangible fixed assets22/27 | €237,496 | €197,397 | €303,914 | €258,438 | €122,135 | ▼ 52.7% |
| Land and buildings22 | - | €1,669 | €77,864 | €80,675 | €73,126 | ▼ 9.4% |
| Plant, machinery and equipment23 | - | €37,491 | €30,155 | €19,934 | €11,777 | ▼ 40.9% |
| Furniture and vehicles24 | - | €47,094 | €55,322 | €48,899 | €37,232 | ▼ 23.9% |
| Leasing and similar rights25 | - | €111,143 | €140,573 | €108,930 | - | - |
| Current assets29/58 | €250,349 | €395,988 | €408,412 | €304,760 | €249,469 | ▼ 18.1% |
| Amounts receivable after more than one year29 | - | €135 | €135 | €135 | - | - |
| Other amounts receivable291 | - | €135 | €135 | €135 | - | - |
| Stocks and contracts in progress3 | €112,399 | €136,539 | €165,755 | €174,399 | €174,437 | = |
| Stocks30/36 | - | €136,539 | €165,755 | €174,399 | €174,437 | = |
| Amounts receivable within one year40/41 | €115,734 | €223,613 | €224,526 | €105,739 | €52,025 | ▼ 50.8% |
| Trade receivables40 | - | €192,044 | €197,356 | €96,302 | €49,450 | ▼ 48.7% |
| Other amounts receivable41 | - | €31,569 | €27,170 | €9,437 | €2,575 | ▼ 72.7% |
| Cash at bank and in hand54/58 | €13,447 | €25,890 | €6,646 | €13,619 | €17,613 | ▲ 29.3% |
| Deferred charges and accrued income490/1 | - | €9,811 | €11,350 | €10,868 | €5,394 | ▼ 50.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €488,403 | €593,385 | €712,326 | €563,198 | €371,604 | ▼ 34.0% |
| Equity10/15 | €84,307 | €151,598 | €178,396 | €154,903 | €184,122 | ▲ 18.9% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €20,405 | ▲ 10.0% |
| Capital10 | - | €18,550 | €18,550 | €18,550 | - | - |
| Issued capital100 | - | €18,550 | €18,550 | €18,550 | - | - |
| Reserves13 | €9,759 | €9,759 | €9,759 | €9,759 | €39,904 | ▲ 309% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | - | - |
| Legal reserve130 | - | €1,855 | €1,855 | €1,855 | - | - |
| Tax-exempt reserves132 | - | €7,904 | €7,904 | €7,904 | - | - |
| Distributable reserves133 | - | - | - | - | €39,904 | - |
| Profit (loss) carried forward14 | €55,998 | €116,656 | €146,293 | €124,119 | €123,798 | ▼ 0.3% |
| Investment grants15 | - | €6,633 | €3,794 | €2,475 | €15 | ▼ 99.4% |
| Amounts payable17/49 | €404,096 | €441,787 | €533,930 | €408,295 | €187,482 | ▼ 54.1% |
| Amounts payable after more than one year17 | €165,738 | €130,319 | €181,828 | €142,242 | €32,826 | ▼ 76.9% |
| Financial debts170/4 | - | €130,319 | €181,828 | €142,242 | €32,826 | ▼ 76.9% |
| Amounts payable within one year42/48 | €238,358 | €311,206 | €351,508 | €262,390 | €154,534 | ▼ 41.1% |
| Current portion of amounts payable after more than one year42 | - | €47,223 | €51,887 | €39,585 | €11,392 | ▼ 71.2% |
| Financial debts43 | - | €113,309 | €122,039 | €119,441 | €81,507 | ▼ 31.8% |
| Credit institutions430/8 | - | €113,309 | €122,039 | €119,441 | €81,507 | ▼ 31.8% |
| Trade debts44 | €58,338 | €124,206 | €146,353 | €81,053 | €24,431 | ▼ 69.9% |
| Suppliers440/4 | - | €124,206 | €146,353 | €81,053 | €24,431 | ▼ 69.9% |
| Taxes, remuneration and social security45 | - | €26,308 | €29,781 | €20,785 | €35,515 | ▲ 70.9% |
| Taxes450/3 | - | €11,523 | €7,251 | €6,912 | €22,501 | ▲ 226% |
| Remuneration and social security454/9 | - | €14,785 | €22,530 | €13,873 | €13,014 | ▼ 6.2% |
| Other amounts payable47/48 | - | €160 | €1,448 | €1,526 | €1,689 | ▲ 10.7% |
| Accrued charges and deferred income492/3 | - | €262 | €594 | €3,663 | €122 | ▼ 96.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,879 | €60,658 | €30,437 | -€21,374 | €32,512 | ▲ 252% |
| + Depreciation and write-downs630 | €56,385 | €57,598 | €55,537 | €67,211 | €24,080 | ▼ 64.2% |
| Operating cash flow (approximation) | €58,264 | €118,256 | €85,974 | €45,837 | €56,592 | ▲ 23.5% |
| Investment in fixed assets (approximation) | - | -€16,941 | -€162,054 | -€21,735 | €112,223 | ▲ 616% |
| Change in cash | - | €12,443 | -€19,244 | €6,973 | €3,994 | ▼ 42.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Back to profitnet €32,512
Net result €32,512 after one loss-making year.
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Weakest financial yearnet -€21,374
Net result drops to -€21,374, the lowest in the series; recovery starts the following year.
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Highest result since 2019net €60,658 ▲3,128%
Operating result €81,663, net result €60,658, both a record.
30-06
Financial
Equity above €150,000Eq €151,598 ▲79.8%
4 profitable years in a row build equity to €151,598.
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Bütgenbach · 1 establishment unit since 2009
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.
Nidrum,Dellenstrasse 32/D4750 Bütgenbach1 establishment unit
DEKOBOX - BAUUNTERNEHMEN HERBRAND
since 20092.176.379.694
Recognitions · licences · registrations
Recognised contractor
8 categoriesHERBRAND SRL45691
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,058. 12,274 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-02-2009
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
43910Bricklaying and masonry work
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809768569
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.