Hereno
ActiveSummary
Hereno has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24,153 and a net result of €9,116. Equity is shrinking by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+52
Solvency41▼-20
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 2.73 in 2024; short-term debt: 39.2% and cash: 20.9% of total assets), and 84% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
16%
Return on assets
6%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 28374 sector peers (2025).
NBB · sector comparisonPosition among 28374 sector peers
Solvency
better than 18%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
8 d early
2024
20 d late
2023
23 d late
2022
31 d late
2021
25 d late
2020
30 d 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 20 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 24 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€24,153▼ 59.3%
2024 · €59,272
Total assets
€151,320▼ 8.3%
2024 · €164,978
Net result
€9,116
2024 · -€20,518
Working capital
€21,297▼ 63.0%
2024 · €57,482
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10,112▲ 5.6%€45,222▲ 347%€11,798▼ 73.9%-€14,774€18,812
Net result€4,193within the sector's middle half€31,983above the sector's middle half▲ 663%€5,490within the sector's middle half▼ 82.8%-€20,518below the sector's middle half€9,116within the sector's middle half
Equity€83,494within the sector's middle half=€94,300within the sector's middle half▲ 12.9%€79,790within the sector's middle half▼ 15.4%€59,272within the sector's middle half▼ 25.7%€24,153within the sector's middle half▼ 59.3%
Total assets€216,837within the sector's middle half▼ 7.6%€254,683within the sector's middle half▲ 17.5%€184,864within the sector's middle half▼ 27.4%€164,978within the sector's middle half▼ 10.8%€151,320within the sector's middle half▼ 8.3%
Debt€133,344▼ 11.8%€160,383▲ 20.3%€105,074▼ 34.5%€105,706▲ 0.6%€127,168▲ 20.3%
Working capital€72,251within the sector's middle half▲ 28.7%€89,666above the sector's middle half▲ 24.1%€77,111within the sector's middle half▼ 14.0%€57,482within the sector's middle half▼ 25.5%€21,297within the sector's middle half▼ 63.0%
Solvency38.5%within the sector's middle half▲ 2.9pp37.0%within the sector's middle half▼ 1.5pp43.2%within the sector's middle half▲ 6.1pp35.9%within the sector's middle half▼ 7.2pp16.0%below the sector's middle half▼ 20.0pp
Current ratio2.51within the sector's middle half▲ 0.582.13within the sector's middle half▼ 0.383.74above the sector's middle half▲ 1.602.73within the sector's middle half▼ 1.011.36within the sector's middle half▼ 1.37
Return on assets (ROA)1.9%within the sector's middle half▲ 2.3pp12.6%within the sector's middle half▲ 10.6pp3.0%within the sector's middle half▼ 9.6pp-12.4%below the sector's middle half▼ 15.4pp6.0%within the sector's middle half▲ 18.5pp
Staff (FTE)11=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 returns to profit in 2025: €18,812 after a loss of €14,774 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151,320
Fixed assets
€70,757 ▼ 4.7%
Current assets
€80,563 ▼ 11.2%
Equity and liabilities €151,320
Equity
€24,153 ▼ 59.3%
Debt
€127,168 ▲ 20.3%
Debt's share of the balance-sheet total rises from 64.1% to 84.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26,138▲
2024 · -€7,462
Cash flow
€16,443▲
2024 · -€13,206
Debt to equity
5.27▲
2024 · 1.78
ROE
37.7%▲
2024 · -34.6%
Interest coverage
3.45▲
2024 · -1.48
Debt ≤ 1 year
€59,267▲
2024 · €33,234
Debt > 1 year
€67,597▼
2024 · €72,176
Income taxes
€6,104▲
2024 · €696
Staff costs
€25,838▲
2024 · €24,962
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,713 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €474 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €17,169 | €24,322 | €24,962 | €24,962 | €25,838 | ▲ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,391 | €11,222 | €10,498 | €7,312 | €7,326 | ▲ 0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €7,818 | - | - | - | - | - |
| Other operating charges640/8 | €1,951 | €2,591 | €2,771 | €10,424 | €5,996 | ▼ 42.5% |
| Non-recurring operating charges66A | - | - | - | €1,444 | €2,016 | ▲ 39.6% |
| Gross operating margin9900 | €48,442 | €83,357 | €50,029 | €29,369 | €59,988 | ▲ 104% |
| Operating profit (loss)9901 | €10,112 | €45,222 | €11,798 | -€14,774 | €18,812 | ▲ 227% |
| Financial income75/76B | €245 | €492 | €135 | €3 | €3,979 | ▲ 138,552% |
| Recurring financial income75 | €245 | €492 | €135 | €3 | €3,979 | ▲ 138,552% |
| Financial charges65/66B | €4,031 | €4,340 | €3,882 | €5,051 | €7,571 | ▲ 49.9% |
| Recurring financial charges65 | €4,031 | €4,340 | €3,882 | €5,051 | €7,571 | ▲ 49.9% |
| Profit (loss) for the period before taxes9903 | €6,327 | €41,373 | €8,052 | -€19,822 | €15,220 | ▲ 177% |
| Income taxes67/77 | €2,133 | €9,390 | €2,562 | €696 | €6,104 | ▲ 777% |
| Profit (loss) for the period9904 | €4,193 | €31,983 | €5,490 | -€20,518 | €9,116 | ▲ 144% |
| Profit (loss) for the period to be appropriated9905 | €4,193 | €31,983 | €5,490 | -€20,518 | €9,116 | ▲ 144% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €216,837 | €254,683 | €184,864 | €164,978 | €151,320 | ▼ 8.3% |
| Fixed assets21/28 | €96,727 | €85,878 | €79,589 | €74,261 | €70,757 | ▼ 4.7% |
| Tangible fixed assets22/27 | €96,727 | €85,878 | €79,589 | €74,261 | €70,757 | ▼ 4.7% |
| Land and buildings22 | €82,500 | €77,550 | €72,600 | €67,650 | €65,180 | ▼ 3.7% |
| Plant, machinery and equipment23 | €5,575 | €3,023 | €4,606 | €3,275 | €2,451 | ▼ 25.2% |
| Furniture and vehicles24 | €8,652 | €5,305 | €2,384 | €3,337 | €3,127 | ▼ 6.3% |
| Current assets29/58 | €120,110 | €168,805 | €105,275 | €90,717 | €80,563 | ▼ 11.2% |
| Stocks and contracts in progress3 | €13,644 | - | €9,849 | - | - | - |
| Contracts in progress37 | €13,644 | - | €9,849 | - | - | - |
| Amounts receivable within one year40/41 | €93,826 | €164,592 | €73,539 | €85,677 | €46,136 | ▼ 46.2% |
| Trade receivables40 | €43,036 | €115,867 | €41,544 | €49,058 | €25,622 | ▼ 47.8% |
| Other amounts receivable41 | €50,790 | €48,725 | €31,994 | €36,619 | €20,514 | ▼ 44.0% |
| Current investments50/53 | €11,002 | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €2,722 | €18,097 | - | €31,660 | - |
| Deferred charges and accrued income490/1 | €1,639 | €1,491 | €3,790 | €5,040 | €2,767 | ▼ 45.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €216,837 | €254,683 | €184,864 | €164,978 | €151,320 | ▼ 8.3% |
| Equity10/15 | €83,494 | €94,300 | €79,790 | €59,272 | €24,153 | ▼ 59.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €78,494 | €89,300 | €74,790 | €54,272 | €19,153 | ▼ 64.7% |
| Distributable reserves133 | €78,494 | €89,300 | €74,790 | €54,272 | €19,153 | ▼ 64.7% |
| Amounts payable17/49 | €133,344 | €160,383 | €105,074 | €105,706 | €127,168 | ▲ 20.3% |
| Amounts payable after more than one year17 | €85,181 | €80,964 | €76,630 | €72,176 | €67,597 | ▼ 6.3% |
| Financial debts170/4 | €85,181 | €80,964 | €76,630 | €72,176 | €67,597 | ▼ 6.3% |
| Amounts payable within one year42/48 | €47,859 | €79,138 | €28,164 | €33,234 | €59,267 | ▲ 78.3% |
| Current portion of amounts payable after more than one year42 | €12,799 | €4,563 | €4,690 | €5,632 | €4,955 | ▼ 12.0% |
| Financial debts43 | - | €3,388 | - | €2,832 | - | - |
| Credit institutions430/8 | - | €3,388 | - | €2,832 | - | - |
| Trade debts44 | €30,863 | €47,611 | €18,029 | €11,250 | €16,889 | ▲ 50.1% |
| Suppliers440/4 | €30,863 | €47,611 | €18,029 | €11,250 | €16,889 | ▲ 50.1% |
| Taxes, remuneration and social security45 | €4 | €2,820 | €5,445 | €5,640 | €3,839 | ▼ 31.9% |
| Taxes450/3 | - | - | - | - | €430 | - |
| Remuneration and social security454/9 | €4 | €2,820 | €5,445 | €5,640 | €3,409 | ▼ 39.6% |
| Other amounts payable47/48 | €4,193 | €20,757 | - | €7,880 | €33,584 | ▲ 326% |
| Accrued charges and deferred income492/3 | €304 | €280 | €280 | €296 | €304 | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,193 | €31,983 | €5,490 | -€20,518 | €9,116 | ▲ 144% |
| + Depreciation and write-downs630 | €11,391 | €11,222 | €10,498 | €7,312 | €7,326 | ▲ 0.2% |
| Operating cash flow (approximation) | €15,585 | €43,205 | €15,987 | -€13,206 | €16,443 | ▲ 225% |
| Investment in fixed assets (approximation) | - | -€373 | -€4,209 | -€1,984 | -€3,822 | ▼ 92.7% |
| Change in cash | - | - | €15,375 | - | - | - |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €9,116
Net result €9,116 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet -€20,518
Net result drops to -€20,518, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2020net €31,983 ▲663%
Operating result €45,222, net result €31,983, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €4,193
Net result €4,193 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Bornem · 1 establishment unit since 2018
Ground area
1,200 m²
Building footprint
221 m²
Volume, LiDAR
1,206 m³
Parcel 12015D0432/00P000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hereno
since 20182.279.516.628
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015D0432/00P000 | Flanders | 1,200 m² | 1 · 221 m² | 10.4 m · 2 fl. |
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.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,140. 6,453 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
Founded06-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0702898127
Also
9925:BE0702898127
Registered
07-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.