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HERCON

Active
Public limited company·Verspanend bewerken van metalen· 39 yrs active
Centrum-Zuid 2092 ·3530 Houthalen-Helchteren, Belgium
KBO/BCE: BE 0430.658.026
Watch Print / PDF
Age39 yrs
Staff (FTE)7.8
Real estate2 parcels · 1.7 ha

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for HERCON (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €1.74M and a net result of €45k.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Signals

Insufficient current data: the most recent filed accounts (financial year 2023) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 31-01-2024, 0 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2023, that is 31-01-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-06-2025 31-01-2026 nothing on record not filed -
30-06-2024 31-01-2025 nothing on record not filed -
30-06-2023 31-01-2024 31-01-2024 on the day 2024-00017167
30-06-2022 31-01-2023 31-01-2023 on the day 2023-00012869
30-06-2021 31-01-2022 31-01-2022 on the day 2022-03600335
30-06-2020 31-01-2021 29-01-2021 2 d early 2021-02500126
31-12-2018 31-07-2019 15-08-2019 15 d late 2019-46700271
31-12-2017 31-07-2018 26-08-2018 26 d late 2018-49500381
31-12-2016 31-07-2017 26-09-2017 57 d late 2017-62200595
31-12-2015 31-07-2016 10-08-2016 10 d late 2016-41400561
31-12-2014 31-07-2015 31-08-2015 31 d late 2015-52800183
31-12-2013 31-07-2014 31-08-2014 31 d late 2014-57100039

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

1 signal
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€45k+40.1%
Working capital€990k-8.7%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 31-01-2024 with the NBB · fiscal year 2023 · verkort
€0€200k€400k€600kOperating result 2018: €621k€621kNet result 2018: €443k€443kOperating result 2020: €208k€208kNet result 2020: €137k€137kOperating result 2021: €333k€333kNet result 2021: €137k€137kOperating result 2022: €53k€53kNet result 2022: €32k€32kOperating result 2023: €73k€73kNet result 2023: €45k€45k20182020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 25 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 51.4% 31.0%
better than 71% of 119 sector peers
Net result €45k €41k
better than 51% of 119 sector peers
Equity €1.74M €325k
better than 89% of 119 sector peers
Gross operating margin €633k €395k
better than 64% of 119 sector peers
Staff costs €496k €373k
higher than 65% of 92 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P71
2020: P30 · n=802021: P34 · n=892022: P74 · n=1052023: P71 · n=1192020 2023
Improving position over 2020-2023 · n=80-119
Net result P51
2020: P80 · n=802021: P76 · n=892022: P39 · n=1052023: P51 · n=1192020 2023
Weakening position over 2020-2023 · n=80-119
Equity P89
2020: P41 · n=802021: P55 · n=892022: P89 · n=1052023: P89 · n=1192020 2023
Improving position over 2020-2023 · n=80-119
Gross operating margin P64
2020: P84 · n=802021: P65 · n=892022: P52 · n=1052023: P64 · n=1192020 2023
Weakening position over 2020-2023 · n=80-119
Describes the position versus peers, not a forecast.
EBITDA
€128k
+84.6% 18-23
Net profit
€45k
+40.1% 18-23
Cash flow
€100k
+109.7% 18-23
Total assets
€3.38M
-3.0% 18-23
Equity
€1.74M
+2.6% 18-23
Working capital
€990k
-8.7% 18-23
Employees (FTE)
8
-1.3% 18-23
Staff costs
€496k
+19.8% 18-23
Income taxes
€17k
+9.1% 18-23
Dividends
€0
-100.0% 18-23
Debt
€1.64M
-8.3% 18-23
Debt ≤ 1y
€1.16M
+4.6% 18-23
Debt > 1y
€478k
-27.2% 18-23
Current ratio
1.85
-6.3% 18-23
Quick ratio
1.60
-10.0% 18-23
Solvency
51.4%
+5.8% 18-23
Debt / equity
0.95
-10.7% 18-23
ROE
2.6%
+36.5% 18-23
ROA
1.3%
+44.4% 18-23
Interest coverage
12.13
+4.5% 18-23
Figures by fiscal year
Fiscal year2023
Depositverkort
Revenue-
EBITDA€128k
Net profit€45k
Cash flow€100k
Staff costs€496k
Income taxes€17k
Dividends-
Total assets€3.38M
Equity€1.74M
Debt€1.64M
of which ≤ 1y€1.16M
of which > 1y€478k
Working capital€990k
Employees (FTE)7.8
Ratios (computed)
2023
Current ratio1.85
Quick ratio1.60
Working capital ratio29.3%
Solvency51.4%
Debt / equity0.95
Long-term debt ratio0.28
Interest coverage12.13
Gross margin-
Net margin-
ROA1.3%
ROE2.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€3.38M
Fixed assets 21/28€1.22M
Tangible fixed assets 22/27€1.22M
Financial fixed assets 28€3k
Current assets 29/58€2.15M
Stocks & contracts in progress 3€296k
Amounts receivable within one year 40/41€1.80M
Cash & bank 54/58€34k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3.38M
Equity 10/15€1.74M
Contributions / capital 10/11€149k
Reserves 13€370k
Amounts payable 17/49€1.64M
Amounts payable after one year 17€478k
Amounts payable within one year 42/48€1.16M
Trade debts payable within one year 44€618k
Income statement
Gross operating margin 9900€633k
Operating result 9901€73k
Financial income 75€464
Financial charges 65€11k
Result before taxes 9903€62k
Income taxes 67/77€17k
Net result for the period 9904€45k
Result to be appropriated 9905€45k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
24 / 100 Critical
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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Centrum-Zuid 20923530 Houthalen-Helchteren

Establishment units

2 locations
HERCON NV
Industrieweg-Noord 1149A, 3660 OudsbergenVervaardiging van kulassen, drijfstangen, zuigers, zuigerringen, enz
since 19872.033.046.259
Centrum-Zuid 2092, 3530 Houthalen-Helchteren
Vervaardiging van geprefabriceerde gebouwen, overwegend van metaal : bouwketen, modulaire tentoonstellingselementen, telefooncellen, enz
since 20202.300.950.559
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1.7 ha
Buildings2
Building footprint4,542 m²
Volume (LiDAR)28,870 m³
Tallest building7.9 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71562B0913/00V007 Flanders 1.4 ha 1 · 1,953 m² 7.9 m · 2 fl.
72015C0899/00G000 Flanders 2,844 m² 1 · 2,589 m² 6.9 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.

Belgisch Staatsblad · acts

1 acts
Address history · 1
11-10-2022
Registered-office move
All acts · 1 updated 3 years ago
2022
11-10-2022 Registered office moved from Oudsbergen to Houthalen Helchteren Registered-office change
  • Industrieweg-Noord 1149 A te 3660 Oudsbergen → Centrum-Zuid 2092 te 3530 Houthalen Helchteren

Analysis

Snowflake analysis

financial profile on 5 axes
Health24Profitability13Solvency92Growth52Stability0
36 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 24
Profitability 13
Solvency 92
Growth 52
Stability 0

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 304 of the 3,465 companies in this sector. 77 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Verspanend bewerken van metalen25530Verspanend bewerken van metalen25620Algemene metaalbewerking28520Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Overige bouwinstallatie45340
Primary activity highlighted.
Names & trade names
Legal nameNL HERCON
Registered office
Centrum-Zuid 2092
3530 Houthalen-Helchteren, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.