Heremans
ActiveSummary
The computed 12-month bankruptcy probability of Heremans is 2.5% (moderate). The 2025 annual accounts show equity of €203,770 and a net result of €41,108. Equity is growing by ~31.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 4709 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+1
Solvency85=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 3.3 against 3.96 in 2024; short-term debt: 22.1% and cash: 63.8% of total assets), and 40% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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
60%
Return on assets
12.1%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
24 d early
2024
56 d early
2023
9 d late
2022
25 d early
2021
73 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 34 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
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. Usually files around 6 July (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€203,770=
2024 · €203,770
Total assets
€339,479▼ 0.9%
2024 · €342,450
Net result
€41,108▲ 2.7%
2024 · €40,036
Working capital
€172,602▲ 5.1%
2024 · €164,265
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,543-€83,422▲ 227%€114,444▲ 37.2%€60,747▼ 46.9%€56,418▼ 7.1%
Net result€18,289within the sector's middle half-€65,940above the sector's middle half▲ 261%€74,505above the sector's middle half▲ 13.0%€40,036above the sector's middle half▼ 46.3%€41,108above the sector's middle half▲ 2.7%
Equity€23,289within the sector's middle half-€89,229within the sector's middle half▲ 283%€163,734above the sector's middle half▲ 83.5%€203,770above the sector's middle half▲ 24.5%€203,770above the sector's middle half=
Total assets€93,704within the sector's middle half-€298,232above the sector's middle half▲ 218%€337,859above the sector's middle half▲ 13.3%€342,450above the sector's middle half▲ 1.4%€339,479above the sector's middle half▼ 0.9%
Debt€70,414-€209,002▲ 197%€174,125▼ 16.7%€138,680▼ 20.4%€135,710▼ 2.1%
Working capital-€12,172below the sector's middle half-€63,789above the sector's middle half€112,635above the sector's middle half▲ 76.6%€164,265above the sector's middle half▲ 45.8%€172,602above the sector's middle half▲ 5.1%
Solvency24.9%within the sector's middle half-29.9%within the sector's middle half▲ 5.1pp48.5%within the sector's middle half▲ 18.5pp59.5%within the sector's middle half▲ 11.0pp60.0%within the sector's middle half▲ 0.5pp
Current ratio0.79below the sector's middle half-2.19within the sector's middle half▲ 1.402.74above the sector's middle half▲ 0.553.96above the sector's middle half▲ 1.223.30above the sector's middle half▼ 0.66
Return on assets (ROA)19.5%above the sector's middle half-22.1%above the sector's middle half▲ 2.6pp22.1%above the sector's middle half▼ 0.1pp11.7%within the sector's middle half▼ 10.4pp12.1%within the sector's middle half▲ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €339,479
Fixed assets
€91,908 ▼ 25.1%
Current assets
€247,571 ▲ 12.6%
Equity and liabilities €339,479
Equity
€203,770 =
Debt
€135,710 ▼ 2.1%
Debt's share of the balance-sheet total falls from 40.5% to 40.0%. Debt is lower.
Key figures and ratios
EBITDA
€89,673▼
2024 · €98,272
Cash flow
€74,363▼
2024 · €77,560
Debt to equity
0.67▼
2024 · 0.68
ROE
20.2%▲
2024 · 19.6%
Interest coverage
18.13▲
2024 · 17.52
Debt ≤ 1 year
€74,968▲
2024 · €55,522
Debt > 1 year
€56,078▼
2024 · €83,159
Income taxes
€10,365▼
2024 · €15,101
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,471 | €21,714 | €25,027 | €37,525 | €33,255 | ▼ 11.4% |
| Other operating charges640/8 | €4,344 | €12,098 | €13,687 | €13,070 | €13,890 | ▲ 6.3% |
| Gross operating margin9900 | €41,358 | €117,235 | €153,157 | €111,341 | €103,562 | ▼ 7.0% |
| Operating profit (loss)9901 | €25,543 | €83,422 | €114,444 | €60,747 | €56,418 | ▼ 7.1% |
| Financial income75/76B | - | €57 | €101 | €0 | €1 | ▲ 2,233% |
| Recurring financial income75 | - | €57 | €101 | €0 | €1 | ▲ 2,233% |
| Financial charges65/66B | €640 | €790 | €4,415 | €5,610 | €4,946 | ▼ 11.8% |
| Recurring financial charges65 | €640 | €790 | €4,415 | €5,610 | €4,946 | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €24,903 | €82,690 | €110,129 | €55,136 | €51,473 | ▼ 6.6% |
| Income taxes67/77 | €6,614 | €16,751 | €35,624 | €15,101 | €10,365 | ▼ 31.4% |
| Profit (loss) for the period9904 | €18,289 | €65,940 | €74,505 | €40,036 | €41,108 | ▲ 2.7% |
| Profit (loss) for the period to be appropriated9905 | €18,289 | €65,940 | €74,505 | €40,036 | €41,108 | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93,704 | €298,232 | €337,859 | €342,450 | €339,479 | ▼ 0.9% |
| Fixed assets21/28 | €47,028 | €180,813 | €160,323 | €122,663 | €91,908 | ▼ 25.1% |
| Tangible fixed assets22/27 | €47,028 | €180,813 | €160,188 | €122,663 | €91,908 | ▼ 25.1% |
| Plant, machinery and equipment23 | €4,611 | €4,552 | €6,525 | €5,080 | €5,685 | ▲ 11.9% |
| Furniture and vehicles24 | €42,416 | €176,262 | €153,664 | €117,583 | - | - |
| Leasing and similar rights25 | - | - | - | - | €86,224 | - |
| Financial fixed assets28 | - | - | €135 | - | - | - |
| Current assets29/58 | €46,676 | €117,418 | €177,535 | €219,786 | €247,571 | ▲ 12.6% |
| Amounts receivable after more than one year29 | - | - | - | €135 | €135 | = |
| Trade receivables290 | - | - | - | €135 | €135 | = |
| Amounts receivable within one year40/41 | €11,903 | €28,294 | €28,872 | €20,381 | €26,490 | ▲ 30.0% |
| Trade receivables40 | €11,903 | €26,317 | €27,602 | €20,381 | €21,215 | ▲ 4.1% |
| Other amounts receivable41 | - | €1,977 | €1,270 | - | €5,276 | - |
| Cash at bank and in hand54/58 | €30,403 | €82,695 | €140,824 | €189,861 | €216,522 | ▲ 14.0% |
| Deferred charges and accrued income490/1 | €4,370 | €6,430 | €7,840 | €9,409 | €4,424 | ▼ 53.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93,704 | €298,232 | €337,859 | €342,450 | €339,479 | ▼ 0.9% |
| Equity10/15 | €23,289 | €89,229 | €163,734 | €203,770 | €203,770 | = |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €18,289 | €84,229 | €158,734 | €198,770 | €198,770 | = |
| Distributable reserves133 | €18,289 | €84,229 | €158,734 | €198,770 | €198,770 | = |
| Amounts payable17/49 | €70,414 | €209,002 | €174,125 | €138,680 | €135,710 | ▼ 2.1% |
| Amounts payable after more than one year17 | €11,566 | €155,373 | €109,224 | €83,159 | €56,078 | ▼ 32.6% |
| Financial debts170/4 | €11,566 | €155,373 | €109,224 | €83,159 | €56,078 | ▼ 32.6% |
| Amounts payable within one year42/48 | €58,848 | €53,629 | €64,900 | €55,522 | €74,968 | ▲ 35.0% |
| Current portion of amounts payable after more than one year42 | €8,053 | €8,145 | €28,509 | €26,066 | €27,081 | ▲ 3.9% |
| Trade debts44 | €11,425 | €12,134 | €2,279 | €7,305 | €1,755 | ▼ 76.0% |
| Suppliers440/4 | €11,425 | €12,134 | €2,279 | €7,305 | €1,755 | ▼ 76.0% |
| Taxes, remuneration and social security45 | €7,957 | €13,317 | €22,699 | €9,913 | €5,024 | ▼ 49.3% |
| Taxes450/3 | €7,957 | €13,317 | €22,699 | €9,913 | €5,024 | ▼ 49.3% |
| Other amounts payable47/48 | €31,413 | €20,033 | €11,414 | €12,238 | €41,108 | ▲ 236% |
| Accrued charges and deferred income492/3 | - | - | - | - | €4,664 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,289 | €65,940 | €74,505 | €40,036 | €41,108 | ▲ 2.7% |
| + Depreciation and write-downs630 | €11,471 | €21,714 | €25,027 | €37,525 | €33,255 | ▼ 11.4% |
| Operating cash flow (approximation) | €29,760 | €87,654 | €99,532 | €77,560 | €74,363 | ▼ 4.1% |
| Investment in fixed assets (approximation) | - | -€155,500 | -€4,537 | €135 | -€2,500 | ▼ 1,952% |
| Change in cash | - | €52,292 | €58,129 | €49,037 | €26,661 | ▼ 45.6% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €203,770 ▲24.5%
4 profitable years in a row build equity to €203,770.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Highest result since 2021net €74,505 ▲13%
Operating result €114,444, net result €74,505, both a record.
31-12
Financial
Equity above €150,000Eq €163,734 ▲83.5%
3 profitable years in a row build equity to €163,734.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 2.19
Current ratio from 0.79 to 2.19; short-term debt falls from €58,848 to €53,629.
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Opwijk · 1 establishment unit since 2021
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.
Stwg. op Vilvoorde 3601745 Opwijk1 establishment unit
Heremans
since 20212.317.167.177
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,500 EUR | 1,500 EUR |
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,203. 6,192 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
Founded12-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0768367781
Also
9925:BE0768367781
Registered
03-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.