HERCABO
ActiveHERCABO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19.34M and a net result of €1.67M. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 5495 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.8M at 30 days acceptable
Liquidity ample (current ratio 2.32 against 2.3 in 2024), and 13.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers 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
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
86.9%
Return on assets
7.5%
Age of the figures
11 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-03-2026, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
55 d early
2024
56 d early
2023
48 d early
2022
51 d early
2021
54 d early
2020
59 d early
2019
57 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€19.34M▲ 8.8%
2024 · €17.78M
2018: €10.47M
2019: €11.13M
2020: €12.07M
2021: €13.44M
2022: €14.63M
2023: €16.35M
2024: €17.78M
2018 → 2025
Total assets
€22.26M▲ 3.3%
2024 · €21.55M
2018: €12.77M
2019: €13.62M
2020: €14.06M
2021: €15.35M
2022: €20.05M
2023: €20.94M
2024: €21.55M
2018 → 2025
Net result
€1.67M▲ 9.2%
2024 · €1.53M
2018: €631k
2019: €737k
2020: €955k
2021: €1.43M
2022: €1.23M
2023: €1.77M
2024: €1.53M
2018 → 2025
Working capital
€3.08M▲ 2.8%
2024 · €3.00M
2018: €-5k
2019: €285k
2020: €704k
2021: €1.76M
2022: €1.34M
2023: €2.33M
2024: €3.00M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13.44M-€14.63M▲ 8.8%€16.35M▲ 11.8%€17.78M▲ 8.7%€19.34M▲ 8.8%
Operating result€95k-€138k▲ 45.5%€338k▲ 144%€112k▼ 66.7%€167k▲ 48.6%
Net result€1.43M-€1.23M▼ 13.5%€1.77M▲ 43.5%€1.53M▼ 13.8%€1.67M▲ 9.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 49% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.26M
Fixed assets
€16.84M▲ 3.7%
Current assets
€5.42M▲ 2.0%
Equity and liabilities €22.26M
Equity
€19.34M▲ 8.8%
Provisions
€163k▼ 3.8%
Debt
€2.75M▼ 23.6%
The debt ratio falls from 16.7% to 12.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€292k▲
2024 · €237k
Cash flow
€1.79M▲
2024 · €1.65M
Solvency
86.9%▲
2024 · 82.5%
Current ratio
2.32▲
2024 · 2.30
Quick ratio
2.18▲
2024 · 1.78
Debt / equity
0.14▼
2024 · 0.20
ROE
8.6%▲
2024 · 8.6%
ROA
7.5%▲
2024 · 7.1%
Interest coverage
3.44▲
2024 · 2.65
Debt
€2.75M▼
2024 · €3.61M
Debt ≤ 1 year
€2.33M▲
2024 · €2.31M
Debt > 1 year
€419k▼
2024 · €1.29M
Income taxes
€45k▲
2024 · €29k
Staff costs
€106k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€21.55M€22.26M▲
Fixed assets21/28€16.24M€16.84M▲
Tangible fixed assets22/27€4.81M€5.41M▲
Land and buildings22€4.81M€5.41M▲
Financial fixed assets28€11.43M€11.43M=
Current assets29/58€5.31M€5.42M▲
Stocks and contracts in progress3€1.19M€322k▼
Stocks30/36€1.19M€322k▼
Amounts receivable within one year40/41€356k€152k▼
Trade receivables40-€21k
Other amounts receivable41€356k€131k▼
Current investments50/53€2.77M€4.42M▲
Cash at bank and in hand54/58€989k€507k▼
Deferred charges and accrued income490/1€9k€17k▲
Equity and liabilities
Total equity and liabilities10/49€21.55M€22.26M▲
Equity10/15€17.78M€19.34M▲
Contributions10/11€7.27M€7.27M=
Capital10€7.27M€7.27M=
Issued capital100€7.27M€7.27M=
Reserves13€9.07M€10.49M▲
Non-distributable reserves130/1€727k€727k=
Legal reserve130€727k€727k=
Tax-exempt reserves132€508k€489k▼
Distributable reserves133€7.83M€9.28M▲
Profit (loss) carried forward14€1.45M€1.59M▲
Provisions and deferred taxes16€169k€163k▼
Deferred taxes168€169k€163k▼
Amounts payable17/49€3.61M€2.75M▼
Amounts payable after more than one year17€1.29M€419k▼
Financial debts170/4€1.29M€419k▼
Amounts payable within one year42/48€2.31M€2.33M▲
Current portion of amounts payable after more than one year42€875k€875k=
Trade debts44€9k€13k▲
Suppliers440/4€9k€13k▲
Taxes, remuneration and social security45€24k€44k▲
Taxes450/3€24k€28k▲
Remuneration and social security454/9-€16k
Other amounts payable47/48€1.40M€1.40M=
Income statement
Code20242025
Remuneration, social security and pensions62-€106k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€125k€125k=
Other operating charges640/8€18k€18k▲
Gross operating margin9900€255k€416k▲
Operating profit (loss)9901€112k€167k▲
Financial income75/76B€1.53M€1.62M▲
Recurring financial income75€1.53M€1.62M▲
Financial charges65/66B€90k€85k▼
Recurring financial charges65€90k€85k▼
Profit (loss) for the period before taxes9903€1.55M€1.70M▲
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€29k€45k▲
Profit (loss) for the period9904€1.53M€1.67M▲
Transfer from tax-exempt reserves789€19k€19k=
Profit (loss) for the period to be appropriated9905€1.55M€1.69M▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.14M€3.13M▼
Profit (loss) brought forward from the previous period14P€1.60M€1.45M▼
Transfer to equity691/2€1.60M€1.45M▼
To other reserves6921€1.60M€1.45M▼
Profit to be distributed694/7€100k€100k=
Return on contributions (dividend)694€100k€100k=
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €1.77M ▲43.5%
Operating result €338k, net result €1.77M, both a record.
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Herentals · 1 establishment unit since 1990
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.
Oirlandse Dreef (HRT) 52200 HerentalsGround area
295 m²
Building footprint
295 m²
Volume, LiDAR
1,960 m³
Parcel 13011A0016/00C000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HERCABO NV
since 19902.048.648.314
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13011A0016/00C000 | Flanders | 295 m² | 1 · 295 m² | 11.3 m · 2 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.
Similar companies · same sector, comparable size
DECLERCQ STORTBETON
BE 0416.180.775
Waregem · Eq €19.42M
DE RYCKE GEBROEDERS
BE 0416.668.547
Beveren-Kruibeke-Zwijndrecht · Eq €17.51M
Fingo
BE 0420.493.020
Malle · Eq €21.62M
TUBOBEL AQUA
BE 0428.352.295
Tessenderlo-Ham · Eq €16.82M
J. Janssens en Zonen
BE 0403.725.975
Brecht · Eq €23.88M
Of 176 companies in sector 23630 we hold annual accounts for 148. 50 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-04-1990
Fiscal year end30-09
Activities, NACEBEL
23630Manufacture of other non-metallic mineral products
64200Holdings
64210Activities of holding companies
70120
43990Other specialised construction activities
43999Specialised construction activities
68110Buying and selling of own real estate
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.