Herkenrath
ActiveHerkenrath has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €13k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
74
/ 100
Healthy▼ -9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▼-5
Solvency69▲+3
Growth52=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.65 in 2024), but 65.3% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 43
higher
← 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
34.7%
Return on assets
3.3%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
46 d early
2024
43 d early
2023
50 d early
2022
48 d early
2021
42 d early
2020
27 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€141k▲ 10.4%
2024 · €128k
2019: €41k
2020: €66k
2021: €87k
2022: €109k
2023: €126k
2024: €128k
2019 → 2025
Total assets
€407k▲ 3.0%
2024 · €395k
2019: €53k
2020: €333k
2021: €382k
2022: €408k
2023: €451k
2024: €395k
2019 → 2025
Net result
€13k▼ 0.3%
2024 · €13k
2019: €22k
2020: €25k
2021: €21k
2022: €22k
2023: €18k
2024: €13k
2019 → 2025
Working capital
€59k▲ 22.8%
2024 · €48k
2019: €37k
2020: €38k
2021: €33k
2022: €52k
2023: €52k
2024: €48k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€87k-€109k▲ 25.2%€126k▲ 16.2%€128k▲ 1.0%€141k▲ 10.4%
Operating result€35k-€33k▼ 7.5%€37k▲ 12.2%€25k▼ 31.9%€25k▲ 1.7%
Net result€21k-€22k▲ 5.2%€18k▼ 19.4%€13k▼ 25.0%€13k▼ 0.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €407k
Fixed assets
€260k▼ 4.8%
Current assets
€146k▲ 20.7%
Equity and liabilities €407k
Equity
€141k▲ 10.4%
Debt
€266k▼ 0.5%
The debt ratio falls from 67.7% to 65.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€70k▲
2024 · €67k
Cash flow
€58k▲
2024 · €56k
Solvency
34.7%▲
2024 · 32.3%
Current ratio
1.67▲
2024 · 1.65
Quick ratio
0.88▼
2024 · 1.38
Debt / equity
1.89▼
2024 · 2.09
ROE
9.4%▼
2024 · 10.4%
ROA
3.3%▼
2024 · 3.4%
Interest coverage
9.12▲
2024 · 8.68
Debt
€266k▼
2024 · €267k
Debt ≤ 1 year
€88k▲
2024 · €73k
Debt > 1 year
€178k▼
2024 · €194k
Income taxes
€5k▲
2024 · €4k
Staff costs
€268k▲
2024 · €189k
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€395k€407k▲
Fixed assets21/28€274k€260k▼
Tangible fixed assets22/27€274k€260k▼
Land and buildings22€176k€163k▼
Plant, machinery and equipment23€69k€56k▼
Furniture and vehicles24-€3k
Leasing and similar rights25€29k€38k▲
Current assets29/58€121k€146k▲
Stocks and contracts in progress3€20k€70k▲
Stocks30/36-€4k
Contracts in progress37€20k€66k▲
Amounts receivable within one year40/41€26k€15k▼
Trade receivables40€10k€4k▼
Other amounts receivable41€16k€11k▼
Cash at bank and in hand54/58€67k€56k▼
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€395k€407k▲
Equity10/15€128k€141k▲
Contributions10/11€6k€6k=
Reserves13€48k€48k=
Distributable reserves133€48k€48k=
Profit (loss) carried forward14€74k€87k▲
Amounts payable17/49€267k€266k▼
Amounts payable after more than one year17€194k€178k▼
Financial debts170/4€194k€178k▼
Amounts payable within one year42/48€73k€88k▲
Current portion of amounts payable after more than one year42€41k€35k▼
Trade debts44€8k€31k▲
Suppliers440/4€8k€31k▲
Taxes, remuneration and social security45€14k€21k▲
Taxes450/3€2k€7k▲
Remuneration and social security454/9€12k€14k▲
Other amounts payable47/48€10k€127▼
Income statement
Code20242025
Remuneration, social security and pensions62€189k€268k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€45k▲
Other operating charges640/8€773€3k▲
Gross operating margin9900€257k€341k▲
Operating profit (loss)9901€25k€25k▲
Financial income75/76B€147€645▲
Recurring financial income75€147€645▲
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€17k€18k▲
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€13k€13k▼
Profit (loss) for the period to be appropriated9905€13k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€86k€87k▲
Profit (loss) brought forward from the previous period14P€72k€74k▲
Profit to be distributed694/7€12k-
Return on contributions (dividend)694€12k-
The notes to these accounts (6 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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €13k ▼0.3%
Net result drops to €13k, the lowest in the series.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Equity above €100kEq €109k ▲25.2%
4 profitable years in a row build equity to €109k.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €25k ▲11.5%
Net result €25k, the highest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro 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, Kortemark · 1 establishment unit since 2017
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.
Oude Zeedijkstraat 348610 KortemarkGround area
1,360 m²
Building footprint
179 m²
Volume, LiDAR
999 m³
Parcel 32011D0891/00D000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Herkenrath
since 20172.265.803.105
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011D0891/00D000 | Flanders | 1,360 m² | 1 · 179 m² | 7.4 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
MOW
BE 0476.825.967
Roeselare · Eq €141k
NEW DECOR IZEL
BE 0428.490.075
Florenville · Eq €141k
PLACE AUX ARTS
BE 0447.292.338
Braine-l'Alleud · Eq €141k
Kontrast interieur
BE 0670.586.635
Deerlijk · Eq €141k
ALGEMENE SCHILDERWERKEN MAASEIK
BE 0458.349.942
Maaseik · Eq €141k
Of 7,816 companies in sector 43341 we hold annual accounts for 2,640. 2,161 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-2017
Fiscal year end30-06
Activities, NACEBEL
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.