HERD
ActiveSummary
HERD has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204k and a net result of €49k. Equity is growing by ~52.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-12
Solvency49▲+1
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.29 in 2024; short-term debt: 71.2% and cash: 8.5% of total assets), and 75.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
24.2%
Return on assets
5.8%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
23 d early
2024
16 d early
2023
16 d early
2022
7 d late
2021
24 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€204k▲ 31.4%
2024 · €155k
Total assets
€843k▲ 25.3%
2024 · €673k
Net result
€49k▼ 53.4%
2024 · €105k
Working capital
€154k▲ 4.5%
2024 · €147k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€48k-€42k▼ 12.5%€31k▼ 26.6%€157k▲ 413%€84k▼ 46.3%
Net result€35k-€27k▼ 22.6%€15k▼ 43.7%€105k▲ 577%€49k▼ 53.4%
Equity€38k-€66k▲ 71.4%€81k▲ 23.4%€155k▲ 90.3%€204k▲ 31.4%
Total assets€125k-€243k▲ 94.3%€419k▲ 72.1%€673k▲ 60.6%€843k▲ 25.3%
Debt€87k-€177k▲ 104%€337k▲ 90.1%€518k▲ 53.4%€639k▲ 23.5%
Working capital€34k-€58k▲ 68.7%€65k▲ 12.1%€147k▲ 126%€154k▲ 4.5%
Staff (FTE)1-2.8▲ 180%5.2▲ 85.7%5▼ 3.8%5.1▲ 2.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €843k
Fixed assets
€89k ▲ 399%
Current assets
€754k ▲ 15.1%
Equity and liabilities €843k
Equity
€204k ▲ 31.4%
Debt
€639k ▲ 23.5%
Debt's share of the balance-sheet total falls from 77.0% to 75.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€93k▼
2024 · €164k
Cash flow
€57k▼
2024 · €111k
Current ratio
1.26▼
2024 · 1.29
Debt to equity
3.14▼
2024 · 3.34
ROE
23.9%▼
2024 · 67.5%
ROA
5.8%▼
2024 · 15.5%
Interest coverage
7.31▼
2024 · 16.25
Debt ≤ 1 year
€600k▲
2024 · €507k
Debt > 1 year
€33k
Income taxes
€23k▼
2024 · €43k
Staff costs
€393k▼
2024 · €394k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €35k | €173k | €400k | €394k | €393k | ▼ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €648 | €2k | €4k | €6k | €9k | ▲ 37.3% |
| Other operating charges640/8 | €408 | €794 | €2k | €1k | €1k | ▲ 0.4% |
| Non-recurring operating charges66A | - | - | - | - | €3k | - |
| Gross operating margin9900 | €84k | €217k | €436k | €559k | €490k | ▼ 12.4% |
| Operating profit (loss)9901 | €48k | €42k | €31k | €157k | €84k | ▼ 46.3% |
| Financial income75/76B | €1 | €27 | €32 | €1 | €43 | ▲ 4,622% |
| Recurring financial income75 | €1 | €27 | €32 | €1 | €43 | ▲ 4,622% |
| Financial charges65/66B | €2k | €5k | €8k | €10k | €13k | ▲ 26.6% |
| Recurring financial charges65 | €2k | €5k | €8k | €10k | €13k | ▲ 26.6% |
| Profit (loss) for the period before taxes9903 | €46k | €37k | €22k | €147k | €72k | ▼ 51.3% |
| Income taxes67/77 | €11k | €10k | €7k | €43k | €23k | ▼ 46.2% |
| Profit (loss) for the period9904 | €35k | €27k | €15k | €105k | €49k | ▼ 53.4% |
| Profit (loss) for the period to be appropriated9905 | €35k | €27k | €15k | €105k | €49k | ▼ 53.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125k | €243k | €419k | €673k | €843k | ▲ 25.3% |
| Fixed assets21/28 | €4k | €8k | €24k | €18k | €89k | ▲ 399% |
| Tangible fixed assets22/27 | €4k | €8k | €19k | €13k | €84k | ▲ 554% |
| Plant, machinery and equipment23 | €1k | €379 | €739 | €417 | €197 | ▼ 52.7% |
| Furniture and vehicles24 | €3k | €7k | €19k | €12k | €84k | ▲ 574% |
| Financial fixed assets28 | - | - | €5k | €5k | €5k | = |
| Current assets29/58 | €121k | €236k | €395k | €655k | €754k | ▲ 15.1% |
| Amounts receivable after more than one year29 | - | - | - | €179k | €181k | ▲ 1.4% |
| Other amounts receivable291 | - | - | - | €179k | €181k | ▲ 1.4% |
| Amounts receivable within one year40/41 | €93k | €124k | €133k | €272k | €489k | ▲ 79.9% |
| Trade receivables40 | €90k | €124k | €132k | €249k | €457k | ▲ 83.8% |
| Other amounts receivable41 | €3k | €0 | €1k | €23k | €32k | ▲ 38.5% |
| Cash at bank and in hand54/58 | €27k | €110k | €122k | €152k | €71k | ▼ 52.9% |
| Deferred charges and accrued income490/1 | €452 | €1k | €139k | €52k | €12k | ▼ 76.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125k | €243k | €419k | €673k | €843k | ▲ 25.3% |
| Equity10/15 | €38k | €66k | €81k | €155k | €204k | ▲ 31.4% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €35k | €0 | €78k | €152k | €201k | ▲ 32.1% |
| Distributable reserves133 | €35k | €0 | €78k | €152k | €201k | ▲ 32.1% |
| Profit (loss) carried forward14 | - | €63k | - | - | - | - |
| Amounts payable17/49 | €87k | €177k | €337k | €518k | €639k | ▲ 23.5% |
| Amounts payable after more than one year17 | - | - | - | - | €33k | - |
| Financial debts170/4 | - | - | - | - | €33k | - |
| Amounts payable within one year42/48 | €87k | €177k | €329k | €507k | €600k | ▲ 18.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €45k | €67k | ▲ 47.4% |
| Financial debts43 | - | €10k | - | - | - | - |
| Credit institutions430/8 | - | €10k | - | - | - | - |
| Trade debts44 | €53k | €102k | €222k | €339k | €385k | ▲ 13.6% |
| Suppliers440/4 | €53k | €102k | €222k | €339k | €385k | ▲ 13.6% |
| Taxes, remuneration and social security45 | €34k | €65k | €107k | €92k | €148k | ▲ 61.0% |
| Taxes450/3 | €21k | €39k | €44k | €47k | €78k | ▲ 65.5% |
| Remuneration and social security454/9 | €12k | €26k | €63k | €45k | €70k | ▲ 56.1% |
| Other amounts payable47/48 | €372 | €714 | €350 | €31k | €268 | ▼ 99.1% |
| Accrued charges and deferred income492/3 | - | - | €8k | €10k | €6k | ▼ 38.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €27k | €15k | €105k | €49k | ▼ 53.4% |
| + Depreciation and write-downs630 | €648 | €2k | €4k | €6k | €9k | ▲ 37.3% |
| Operating cash flow (approximation) | €36k | €30k | €20k | €111k | €57k | ▼ 48.2% |
| Investment in fixed assets (approximation) | - | €-6k | €-21k | €0 | €-80k | - |
| Change in cash | - | €83k | €12k | €30k | €-80k | ▼ 372% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €204k ▲31.4%
5 profitable years in a row build equity to €204k.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €105k ▲577%
Operating result €157k, net result €105k, both a record.
31-12
Financial
Equity above €150kEq €155k ▲90.3%
4 profitable years in a row build equity to €155k.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €15k ▼43.7%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Mechelen · 1 establishment unit since 2021
Ground area
469 m²
Building footprint
193 m²
Parcel 12403D0086/00A008, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HERD
since 20212.317.299.712
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0086/00A008 | Flanders | 469 m² | 1 · 193 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,680 EUR awarded · 1,680 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,680 EUR | 1,680 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
De Geyter Consulting
BE 0838.203.823
Kontich · Eq €203,564
NaKe
BE 0836.270.058
Bonheiden · Eq €203,560
Man versus Web
BE 0717.553.936
Dilbeek · Eq €203,560
VINCKIER INVEST
BE 0811.642.253
Oostkamp · Eq €203,550
ITG Services
BE 0859.656.956
Saint-Georges-sur-Meuse · Eq €203,583
Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,016 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.