Summary
HERKUUL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €457,997 and a net result of €141,593. Equity is growing by ~40.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 9866 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
35 d early
2022
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€457,997▲ 44.8%
2023 · €316,404
Net result
€141,593▲ 22.5%
2023 · €115,626
Total assets
€1.6m▲ 19.8%
2023 · €1.3m
Solvency
28.6%▲ 4.9pp
2023 · 23.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line202220232024
Operating result€258,230-€160,608▼ 37.8%€222,018▲ 38.2%
Net result€190,778above the sector's middle half-€115,626above the sector's middle half▼ 39.4%€141,593above the sector's middle half▲ 22.5%
Equity€200,778within the sector's middle half-€316,404within the sector's middle half▲ 57.6%€457,997above the sector's middle half▲ 44.8%
Total assets€364,978within the sector's middle half-€1.3mabove the sector's middle half▲ 266%€1.6mabove the sector's middle half▲ 19.8%
Debt€164,200-€1.0m▲ 521%€1.1m▲ 12.1%
Working capital€171,654-€399,894▲ 133%€503,330▲ 25.9%
Solvency55.0%within the sector's middle half-23.7%below the sector's middle half▼ 31.3pp28.6%within the sector's middle half▲ 4.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 recovers in 2024; 2024 is 38% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€976,344 ▲ 32.4%
Current assets
€625,587 ▲ 4.3%
Equity and liabilities €1.6m
Equity
€457,997 ▲ 44.8%
Debt
€1.1m ▲ 12.1%
Debt's share of the balance-sheet total falls from 76.3% to 71.4%. Equity and debt are higher.
Key figures and ratios
ROE
30.9%▼
2023 · 36.5%
ROA
8.8%▲
2023 · 8.6%
Debt ≤ 1 year
€122,256▼
2023 · €199,635
Debt > 1 year
€1.0m▲
2023 · €820,842
Income taxes
€42,875▲
2023 · €23,090
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,956 | €26,769 | €42,757 | ▲ 59.7% |
| Other operating charges640/8 | €6,621 | €31,919 | €2,247 | ▼ 93.0% |
| Gross operating margin9900 | €271,807 | €219,297 | €267,022 | ▲ 21.8% |
| Operating profit (loss)9901 | €258,230 | €160,608 | €222,018 | ▲ 38.2% |
| Financial income75/76B | - | €581 | €852 | ▲ 46.8% |
| Recurring financial income75 | - | €581 | €852 | ▲ 46.8% |
| Financial charges65/66B | €1,294 | €22,473 | €38,403 | ▲ 70.9% |
| Recurring financial charges65 | €1,294 | €22,473 | €38,403 | ▲ 70.9% |
| Profit (loss) for the period before taxes9903 | €256,936 | €138,716 | €184,468 | ▲ 33.0% |
| Income taxes67/77 | €66,157 | €23,090 | €42,875 | ▲ 85.7% |
| Profit (loss) for the period9904 | €190,778 | €115,626 | €141,593 | ▲ 22.5% |
| Profit (loss) for the period to be appropriated9905 | €190,778 | €115,626 | €141,593 | ▲ 22.5% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €364,978 | €1.3m | €1.6m | ▲ 19.8% |
| Fixed assets21/28 | €87,056 | €737,352 | €976,344 | ▲ 32.4% |
| Tangible fixed assets22/27 | €87,056 | €737,352 | €976,344 | ▲ 32.4% |
| Land and buildings22 | €30,535 | €693,433 | €935,441 | ▲ 34.9% |
| Plant, machinery and equipment23 | - | - | €9,587 | - |
| Furniture and vehicles24 | €56,521 | €43,919 | €31,316 | ▼ 28.7% |
| Current assets29/58 | €277,922 | €599,529 | €625,587 | ▲ 4.3% |
| Amounts receivable within one year40/41 | €94,498 | €19,574 | €3,104 | ▼ 84.1% |
| Trade receivables40 | €94,498 | €0 | - | - |
| Other amounts receivable41 | - | €19,574 | €3,104 | ▼ 84.1% |
| Current investments50/53 | €45,000 | €135,406 | €506,003 | ▲ 274% |
| Cash at bank and in hand54/58 | €138,424 | €421,971 | €84,513 | ▼ 80.0% |
| Deferred charges and accrued income490/1 | - | €22,577 | €31,966 | ▲ 41.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €364,978 | €1.3m | €1.6m | ▲ 19.8% |
| Equity10/15 | €200,778 | €316,404 | €457,997 | ▲ 44.8% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €190,778 | €306,404 | €447,997 | ▲ 46.2% |
| Distributable reserves133 | €190,778 | €306,404 | €447,997 | ▲ 46.2% |
| Amounts payable17/49 | €164,200 | €1.0m | €1.1m | ▲ 12.1% |
| Amounts payable after more than one year17 | €57,931 | €820,842 | €1.0m | ▲ 24.5% |
| Financial debts170/4 | €57,931 | €820,842 | €1.0m | ▲ 24.5% |
| Amounts payable within one year42/48 | €106,269 | €199,635 | €122,256 | ▼ 38.8% |
| Current portion of amounts payable after more than one year42 | €14,868 | €15,302 | €71,327 | ▲ 366% |
| Trade debts44 | €2,020 | €92,095 | €3,777 | ▼ 95.9% |
| Suppliers440/4 | €2,020 | €92,095 | €3,777 | ▼ 95.9% |
| Taxes, remuneration and social security45 | €80,180 | €90,332 | €43,325 | ▼ 52.0% |
| Taxes450/3 | €80,180 | €90,332 | €43,325 | ▼ 52.0% |
| Other amounts payable47/48 | €9,201 | €1,905 | €3,827 | ▲ 101% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €190,778 | €115,626 | €141,593 | ▲ 22.5% |
| + Depreciation and write-downs630 | €6,956 | €26,769 | €42,757 | ▲ 59.7% |
| Operating cash flow (approximation) | €197,735 | €142,395 | €184,350 | ▲ 29.5% |
| Investment in fixed assets (approximation) | - | -€677,065 | -€281,749 | ▲ 58.4% |
| Change in cash | - | €283,547 | -€337,458 | ▼ 219% |
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
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €115,626 ▼39.4%
Net result drops to €115,626, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Oudenaarde · 1 establishment unit since 2022
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.
Trekweg Linkeroever 229700 Oudenaarde1 establishment unit
HERKUUL
since 20222.332.808.527
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 374 EUR awarded · 374 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 374 EUR | 374 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,661 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
Founded24-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0787627924
Also
9925:BE0787627924
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.