HERGOFIN
ActiveHERGOFIN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €367k and a net result of €29k. Equity is shrinking by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 31584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-14
Solvency81▼-11
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.75 in 2024; short-term debt: 44.1% and cash: 0.2% of total assets), and 44.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
55.9%
Return on assets
4.4%
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 14-04-2026, 108 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
108 d early
2024
56 d early
2023
68 d early
2022
40 d early
2021
38 d early
2020
44 d early
2019
24 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€367k▼ 17.0%
2024 · €442k
2018: €959k
2019: €946k
2020: €946k
2021: €843k
2022: €832k
2023: €425k
2024: €442k
2018 → 2025
Total assets
€657k▼ 0.9%
2024 · €663k
2018: €1.30M
2019: €1.30M
2020: €1.34M
2021: €1.07M
2022: €1.00M
2023: €967k
2024: €663k
2018 → 2025
Net result
€29k▲ 66.8%
2024 · €17k
2018: €27k
2019: €-13k
2020: €-340
2021: €-50k
2022: €-10k
2023: €-11k
2024: €17k
2018 → 2025
Working capital
€46k▼ 71.9%
2024 · €165k
2018: €153k
2019: €152k
2020: €147k
2021: €173k
2022: €180k
2023: €-202k
2024: €165k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€843k-€832k▼ 1.2%€425k▼ 48.9%€442k▲ 4.1%€367k▼ 17.0%
Operating result€-3k-€-4k▼ 17.8%€-7k▼ 72.9%€14k€43k▲ 206%
Net result€-50k-€-10k▲ 79.6%€-11k▼ 7.9%€17k€29k▲ 66.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 206% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €657k
Fixed assets
€321k▲ 15.6%
Current assets
€336k▼ 12.8%
Equity and liabilities €657k
Equity
€367k▼ 17.0%
Debt
€290k▲ 31.3%
The debt ratio rises from 33.3% to 44.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€52k▲
2024 · €31k
Cash flow
€39k▲
2024 · €35k
Solvency
55.9%▼
2024 · 66.7%
Current ratio
1.16▼
2024 · 1.75
Quick ratio
1.16▼
2024 · 1.75
Debt / equity
0.79▲
2024 · 0.50
ROE
7.9%▲
2024 · 3.9%
ROA
4.4%▲
2024 · 2.6%
Interest coverage
4.03▼
2024 · 148.44
Debt
€290k▲
2024 · €221k
Debt ≤ 1 year
€290k▲
2024 · €220k
Income taxes
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€663k€657k▼
Fixed assets21/28€277k€321k▲
Tangible fixed assets22/27€277k€321k▲
Land and buildings22€253k€253k=
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€17k€63k▲
Leasing and similar rights25€0-
Financial fixed assets28€0-
Current assets29/58€386k€336k▼
Amounts receivable within one year40/41€381k€332k▼
Trade receivables40€5k€2k▼
Other amounts receivable41€376k€329k▼
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€663k€657k▼
Equity10/15€442k€367k▼
Contributions10/11€150k€150k=
Reserves13€292k€217k▼
Distributable reserves133€292k€217k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€221k€290k▲
Amounts payable within one year42/48€220k€290k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€596€3k▲
Suppliers440/4€596€3k▲
Taxes, remuneration and social security45€4k€17k▲
Taxes450/3€4k€17k▲
Other amounts payable47/48€216k€270k▲
Accrued charges and deferred income492/3€323€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€10k▼
Other operating charges640/8€5k€5k▼
Gross operating margin9900€36k€57k▲
Operating profit (loss)9901€14k€43k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€210€13k▲
Recurring financial charges65€210€13k▲
Profit (loss) for the period before taxes9903€17k€33k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€17k€29k▲
Profit (loss) for the period to be appropriated9905€17k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€29k▲
Transfer from equity791/2€0€104k▲
Transfer to equity691/2€17k€29k▲
To other reserves6921€17k€29k▲
Profit to be distributed694/7€0€104k▲
Return on contributions (dividend)694€0€104k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €29k ▲66.8%
Operating result €43k, net result €29k, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after 5 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.75
Current ratio from 0.63 to 1.75; short-term debt falls from €541k to €220k.
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kortrijk · 1 establishment unit since 2006
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.
Smokkelpotstraat(Mar) 628510 KortrijkGround area
2,513 m²
Building footprint
369 m²
Volume, LiDAR
1,832 m³
Parcel 34026B0354/00E000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HERGOFIN
since 20062.152.174.731
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026B0354/00E000 | Flanders | 2,513 m² | 1 · 369 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
IGETIS MANAGEMENT
BE 0794.740.695
Frasnes-lez-Anvaing · Eq €367k
Macali International
BE 0464.284.956
Zandhoven · Eq €367k
MENSANA
BE 0844.051.735
Rumst · Eq €367k
IMPACT MANAGEMENT
BE 0821.936.626
Namur · Eq €367k
BENOVE CONSULTING
BE 0836.464.058
Gent · Eq €367k
Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 36,900 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2006
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
70220Business consulting
68121Development of residential building projects
68122Development of non-residential building projects
64200Holdings
64210Activities of holding companies
70111
70112
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74141
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.