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HERCORUB

Active
Public limited companyfounded 1981active for 45 yearsIndustrieweg 72, 3620 Lanaken, BelgiumKBO/BCE: BE 0421.767.381
Summary

HERCORUB has been active since 1981 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.2m and a net result of €401,652. Equity is growing by about 2.8% per year across the filed financial years. Its solvency ranks better than 77% of 210 sector peers (NACE 22, financial year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Activity
Manufacture of rubber and plastic products
NACE 22120
4th largest employer in Lanaken, Manufacturing sector1 site
Size
€14.4mturnover 2024
Staff
58 FTE
Equity
€6.2m
Profit
€401,652
Financial health
56 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
HERCO - HOLDING · 84%
Accounts 80 days overdue1 of 13 deeds read
Why 56raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 31-07-2025)lowers riskFounded in 1981Equity €6.2m (67.7% of total assets)Profit of €401,652 (financial year 2024)Show the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 55% of its sector peers (NACE 22, medium-sized)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency 93+3
equity 67.7% of total assets
Liquidity 45+6
short-term debt 31.1% · cash 6.2%
Profitability 67+3
return on assets 4.4%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (77 companies, NACE 22, medium-sized)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.3%▲ +0.1 percentage points vs 08-2026 10-2026: 0.5%▲ +0.2 percentage points vs 09-2026highest value
Credit of up to €340,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 2.63, compared with 2.36 in 2023, above the usual 1.5; short-term debt: 31.1% and cash: 6.2% of total assets), and 32.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 22, medium-sized): better than 68% on solvency, 53% on liquidity, 54% on profitability and 44% on growth.

The bankruptcy probability was computed on 18-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 31-07-2025)
NBB · annual accounts
lowers risk · Founded in 1981
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €6.2m (67.7% of total assets)
NBB · annual accounts
lowers risk · Profit of €401,652 (financial year 2024)
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 80 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline19-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
on the day
2023
6 days early
2022
4 days late
2021
2 days early
2020
11 days early
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 3 days after the deadline; the sector median (NACE 22) for financial year 2024 is 14 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Appointment: FOEDERER DFK BEDRIJFSREVISOREN BV (statutory…Permanent representatives: Tom Quittelier and…
  3. Highest result from 2018 to 2024net €401,652 ▲58.4%

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 80 days late View
  • Positive: Result rose in 2024from €253,542 to €401,652 ▲ 58.4% View
  • Positive: 4th largest employer in Lanaken, Manufacturing sectorin the Checked rankings No. 4 View
  • Controlled by HERCO - HOLDING 84% View
  • Positive: 7 profitable years in a rowprofit 2024: €401,652 7 years View
  • Active since 1981founded 18-08-1981 45 years View

By topic

Financials

Financial year
2024
Turnover
€14.4m
Profit
€401,652
Solvency
67.7%
Turnover▼ 5.4%
Net result
20182024
Go to Financials

Timeline

Events
46
Since
1983
  1. 25-07-2024Annual accounts filed
  2. 04-08-2023Annual accounts filed
  3. 29-07-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of rubber and plastic productsNACE 22120
Founded
18-08-1981
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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