Equity
€8.2m ▲ 64.6%
HERCAS has made a profit without a break since 2021.
HERCAS
Lifetime
20 annual accounts with figures on one time axis, 41 filings since 1983peak €437,406 (2025)
€287,430▼ 34.3%
lowest -€30,990 (2020)
€3.2m▲ 952%
peak €8.2m (2026)
€8.2m▲ 64.6%
€2.0m▼ 39.3%
Board5 names since 2021
3 directorsCarlos Vinckier and 2 others
Documentsfilings and deeds
13-05-2026171 days before the deadline
2026abbreviated format
Gross margin from €437,406 to €287,430Result from €304,352 to €3.2mEquity from €5.0m to €8.2mDebts from €3.2m to €2.0mCash from €0 to €2
Key points
from the 2026 annual accountsResult
€3.2m ▲ 952%
The result rose in 2026 from €304,352 to €3.2m.
Turnover
≈ €320,000 estimated
The abbreviated format states no turnover.
Liquidity
6.03 was 0.00 in 2025
Short-term debts fell from €1.4m to €280,407.
Group
3 companies controlled
Heads a group.
Position in the sector
€3.2m
Higher net result than 95% of companies in real estate. Sector median €14,866 · 403 companies.
Checked score
96
Excellent
Financially stronger than 82% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: 0.1%● unchanged vs 07-2025highest value
09-2025: 0.1%● unchanged vs 08-2025highest value
10-2025: 0.1%● unchanged vs 09-2025highest value
11-2025: 0.1%● unchanged vs 10-2025highest value
12-2025: 0.1%● unchanged vs 11-2025highest value
01-2026: 0.1%● unchanged vs 12-2025highest value
02-2026: 0.1%● unchanged vs 01-2026highest value
03-2026: 0.1%● unchanged vs 02-2026highest value
04-2026: 0.1%● unchanged vs 03-2026highest value
05-2026: 0.1%● unchanged vs 04-2026highest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 6.03, cash €2
lowers risk
Founded in 1982
Figures for financial year 2026 (filed on 13-05-2026)
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 92% of them on solvency, 47% on liquidity, 99% on profitability and 91% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.03 (0.0 in 2025), above the usual 1.5. Short-term debt is 2.8% and cash 0% of total assets. 19.3% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 13-05-2026, 171 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
171 days early
2025
149 days early
2024
21 days early
2023
1 day early
2022
3 days late
2021
193 days early
2020
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 79 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 10 October (4 of the last 5 accounts filed within 128 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
Shares in 4 companies, including Vinckier Bouwservice and IMMO VINCKIER B.
Board & ownershipRecent changes
3 directors appointed, 2 resignations, 1 reappointment
Reappointment: Carlos Vinckier · Resignations: Pieter Vinckier (managing director) and Thomas Vinckier (managing director) · Appointments: VINCKIER INVEST BV (day-to-day manager), VINCKIER-STEVERLYNCK BV (day-to-day manager) and Carlos Vinckier (chair of the board) · General meeting of 18-07-2025 · Gazette deed
Capital decrease of €744,497.22 to €3,009,917.13
Capital from €3,754,414.35 to €3,009,917.13 · Reappointments: Carlos VINCKIER, Pieter VINCKIER and Thomas VINCKIER · General meeting of 21-04-2021 · Gazette deed
First establishment
Oostendestraat 35, Diksmuide
Incorporation
published on 01-01-1983 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HERCAS Diksmuide | €10.1m | €287,430 | 80.7% | - |
| SOCIETE ANONYME DE WARFUSEE Uccle | €10.3m | €273,852 | 63.4% | 3 |
| UPIMMO Eghezée | €9.4m | €316,315 | 77.4% | - |
| A.V.J. INVEST Woluwe-Saint-Pierre | €9.4m | €242,534 | 39.4% | 2 |
| COBRA INVEST Brussels | €10.8m | €269,876 | 83.8% | - |
| CHARLES DEPOORTER INVEST Middelkerke | €10.3m | €381,928 | 45.5% | - |
| BERLECO Tielt | €8.6m | €342,361 | 24.7% | 0 |
These companies have the same main activity as HERCAS: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €8.6m and €11m, founded between 1983 and 1989.
Official details
Source: KBO- Status
- Active since 22-12-1982Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment unit
- 2.021.947.8758600 Diksmuide, since 21-06-1993
- Financial year end
- 31 March
- Peppol
- Reachable
Annual accounts to 31-03-2026
- €10.1m▲ 23.8%
- Filing
- Filed on 13-05-2026, 171 days before the end of the filing period
Companies linked to HERCAS
Subsidiaries and holdings
- V-CONSTRUCT99%
- ViVa50%
Insights on HERCAS
HERCAS files the abbreviated format. That format states no turnover. The gross margin rose from -€717 in 2007 to €287,430 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HERCAS
- What is the company number of HERCAS?
- The company number of HERCAS is 0423.777.360. The VAT number is the same number with BE in front: BE 0423.777.360.
- Where is HERCAS based?
- The registered office is at Oostendestraat 35, 8600 Diksmuide.Company details
- What does HERCAS do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of HERCAS?
- HERCAS is a public limited company (NV).
- When was HERCAS founded?
- HERCAS was founded on 22-12-1982.
- Is HERCAS still active?
- Yes, HERCAS is an active enterprise in the KBO register.
- What is the turnover of HERCAS?
- The turnover in financial year 2026 is ≈ €320,000. This figure is estimated from the gross margin of €287,430 and 38 comparable companies (NACE 68201). It probably lies between €290,000 and €360,000.Financials
- Is HERCAS profitable?
- In financial year 2026, HERCAS made a profit of €3.2m.
- Where can I find the annual accounts of HERCAS?
- HERCAS filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of HERCAS due?
- HERCAS must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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