Equity
€7.0m ▲ 126%
Hercull Holding has made a profit in every financial year since 2019.
Hercull Holding
Lifetime
7 annual accounts with figures on one time axisGross marginpeak €2.6m (2025)
€2.6m▲ 405%
Resultpeak €3.9m (2025)
€3.9m▲ 13×
Equitypeak €7.0m (2025)
€7.0m▲ 126%
Debts
€11.7m▲ 0.8%
Staffpeak 2.9 FTE (2022)
0 FTE
Board2 names since 2018
2 directorsAllijns Development BV and 1 other
Owners2 names in the annual accounts
50%HOPROM
Documentsfilings and deeds
19-06-202642 days before the deadline
2025abbreviated format
Gross margin from €520,514 to €2.6mResult from €295,925 to €3.9mEquity from €3.1m to €7.0mCash from €6,816 to €399,683
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 67% 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).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
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%▲ +0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.4 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.4%▼ -0.1 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.1 percentage points vs 07-2026
09-2026: 0.9%▲ +0.3 percentage points vs 08-2026highest value
10-2026: < 0.1%▼ -0.9 percentage points vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.26, cash €399,683
lowers risk
Size: total assets €18.8m
Figures for financial year 2025 (filed on 19-06-2026)
Sector: Real estate activities (NACE 68)
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 60% of them on solvency, 16% on liquidity, 97% on profitability and 94% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 153 companies had the same profile as Hercull Holding has now. Each dot is one company, two years later.
96.1%
were still trading
3.9%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of Hercull Holding itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 153 companies, not a prediction for Hercull Holding. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €650,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.26 (0.92 in 2024), below the usual 1.5. Short-term debt is 61.4% and cash 2.1% of total assets. 62.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
42 days early
2024
44 days early
2023
26 days late
2022
29 days late
2021
17 days early
2020
2 days early
2019
36 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 12 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 accounts filed within 44 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
AD
Allijns Development BV
Director, since 02-03-2018
HJ
Hooijmaaijer Johannes
Director, since 02-03-2018
- Allijns Development 50%score 92equity €659,020 (2025) · 2024 annual accounts of Allijns Development
- HOPROM 50%score 98equity €27.5m (2025) · 2025 annual accounts of HOPROM
Shares in 4 companies, including CRI CRI and Hercull
Board & ownershipRecent changes
Environmental permit granted
Bouwen of herbouwen · Kortrijk
Environmental permit granted
Nieuwbouw of aanleggen · Kortrijk
Company renamed from Hercull to Hercull Holding
Registered office moved within Kortrijk · New registered office: Baliestraat 3 bus 9 te 8510 Kortrijk (Marke) · Previous registered office: Beneluxpark 27 bus A, 8500 Kortrijk · General meeting of 01-09-2022 · Gazette deed
Environmental permit granted
Bouwen of herbouwen · Kortrijk
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Hercull Holding Kortrijk | €18.8m | €2.6m | 37.5% | 0 |
| Pomirco Izegem | €11.9m | €1.7m | 73.9% | 0 |
| Solbus Etterbeek | €23.4m | €2.0m | 2.1% | 0 |
| PALM REAL ESTATE DEVELOPMENT Knokke-Heist | €31.9m | €1.9m | 6.0% | 0 |
| GLOBAL LIFE 4 Oostkamp | €33.1m | €1.3m | 14.0% | 0 |
| BBC RED Sint-Gillis (bij-Brussel) | €24.0m | €1.7m | 6.0% | 0.3 |
| Dynamica Real Estate Antwerp | €12.3m | €1.1m | 9.7% | 0 |
These companies have the same main activity as Hercull Holding: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €12m and €33m, founded between 2014 and 2019.
Official details
Source: KBO- Status
- Active since 06-03-2018Normal situation
- Registered office
- 26 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Buying and selling of own real estateNACE 68110and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.273.780.1668510 Kortrijk, since 06-03-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- Turnover
- ≈ €3.4mestimated
- Total assets
- €18.8m▲ 27.3%
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Insights on Hercull Holding
Hercull Holding files the abbreviated format. That format states no turnover. The gross margin rose from €492,120 in 2019 to €2.6m in 2025.
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 Hercull Holding
- What is the company number of Hercull Holding?
- The company number of Hercull Holding is 0691.785.192. The VAT number is the same number with BE in front: BE 0691.785.192.
- Where is Hercull Holding based?
- The registered office is at Baliestraat 3, 8510 Kortrijk.Company details
- What does Hercull Holding do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of Hercull Holding?
- Hercull Holding is a private limited company (BV).
- When was Hercull Holding founded?
- Hercull Holding was founded on 06-03-2018.
- Is Hercull Holding still active?
- Yes, Hercull Holding is an active enterprise in the KBO register.
- How many employees does Hercull Holding have?
- Hercull Holding had an average of 2.9 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does Hercull Holding fall under?
- In its 2022 annual accounts, Hercull Holding states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Hercull Holding?
- The turnover in financial year 2025 is ≈ €3.4m. This figure is estimated from the gross margin of €2.6m and 39 comparable companies (NACE 681). It probably lies between €2.7m and €7.7m.
- Is Hercull Holding profitable?
- In financial year 2025, Hercull Holding made a profit of €3.9m.
- Where can I find the annual accounts of Hercull Holding?
- Hercull Holding filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Hercull Holding due?
- Hercull Holding must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.