HERLO
ActiveSummary
HERLO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €42k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 4621 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-5
Solvency92▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 3.38 against 4.55 in 2024; short-term debt: 22% and cash: 58.8% of total assets), and 32.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
67.4%
Return on assets
15.1%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
1 d early
2022
3 d early
2021
4 d early
2020
1 d early
2019
70 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€187k▼ 12.8%
2024 · €214k
2018: €110k
2019: €110k
2020: €106k
2021: €125k
2022: €153k
2023: €156k
2024: €214k
2018 → 2025
Total assets
€277k▼ 8.6%
2024 · €303k
2018: €213k
2019: €199k
2020: €170k
2021: €196k
2022: €237k
2023: €259k
2024: €303k
2018 → 2025
Net result
€42k▼ 27.9%
2024 · €58k
2018: €2k
2019: €458
2020: €-4k
2021: €20k
2022: €31k
2023: €29k
2024: €58k
2018 → 2025
Working capital
€145k▼ 10.8%
2024 · €162k
2018: €45k
2019: €51k
2020: €60k
2021: €94k
2022: €127k
2023: €134k
2024: €162k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€125k-€153k▲ 21.7%€156k▲ 2.3%€214k▲ 37.1%€187k▼ 12.8%
Operating result€26k-€45k▲ 73.0%€49k▲ 7.3%€85k▲ 75.1%€66k▼ 22.9%
Net result€20k-€31k▲ 58.3%€29k▼ 4.8%€58k▲ 96.1%€42k▼ 27.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €277k
Fixed assets
€71k ▼ 24.8%
Current assets
€206k ▼ 1.1%
Equity and liabilities €277k
Equity
€187k ▼ 12.8%
Debt
€90k ▲ 1.6%
Debt's share of the balance-sheet total rises from 29.4% to 32.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€92k▼
2024 · €105k
Cash flow
€68k▼
2024 · €78k
Current ratio
3.38▼
2024 · 4.55
Quick ratio
2.88▼
2024 · 3.88
Debt to equity
0.48▲
2024 · 0.42
ROE
22.4%▼
2024 · 27.0%
ROA
15.1%▼
2024 · 19.1%
Interest coverage
31.21▼
2024 · 37.95
Debt ≤ 1 year
€61k▲
2024 · €46k
Debt > 1 year
€29k▼
2024 · €43k
Income taxes
€22k▼
2024 · €24k
Staff costs
€87k▲
2024 · €77k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€303k€277k▼
Fixed assets21/28€95k€71k▼
Tangible fixed assets22/27€95k€71k▼
Land and buildings22€27k€20k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€61k€47k▼
Financial fixed assets28-€245
Current assets29/58€208k€206k▼
Stocks and contracts in progress3€31k€30k▼
Stocks30/36€31k€30k▼
Amounts receivable within one year40/41€18k€8k▼
Trade receivables40€11k-
Other amounts receivable41€6k€8k▲
Cash at bank and in hand54/58€155k€163k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€303k€277k▼
Equity10/15€214k€187k▼
Contributions10/11€12k€12k=
Reserves13€202k€174k▼
Distributable reserves133€202k€174k▼
Amounts payable17/49€89k€90k▲
Amounts payable after more than one year17€43k€29k▼
Financial debts170/4€43k€29k▼
Amounts payable within one year42/48€46k€61k▲
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€6k€6k▲
Suppliers440/4€6k€6k▲
Taxes, remuneration and social security45€25k€39k▲
Taxes450/3€12k€22k▲
Remuneration and social security454/9€14k€17k▲
Other amounts payable47/48€1k€2k▲
Accrued charges and deferred income492/3€11-
Income statement
Code20242025
Non-recurring operating income76A€24k-
Remuneration, social security and pensions62€77k€87k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€26k▲
Other operating charges640/8€1k€870▼
Gross operating margin9900€183k€180k▼
Operating profit (loss)9901€85k€66k▼
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€82k€64k▼
Income taxes67/77€24k€22k▼
Profit (loss) for the period9904€58k€42k▼
Profit (loss) for the period to be appropriated9905€58k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€42k▼
Transfer from equity791/2-€69k
Transfer to equity691/2€58k€42k▼
To other reserves6921€58k€42k▼
Profit to be distributed694/7-€69k
Return on contributions (dividend)694-€69k
The notes to these accounts (9 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €58k ▲96.1%
Operating result €85k, net result €58k, both a record.
31-12
Financial
Equity above €200kEq €214k ▲37.1%
4 profitable years in a row build equity to €214k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €153k ▲21.7%
2 profitable years in a row build equity to €153k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-4k ▼1044%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Sint-Truiden · 1 establishment unit since 1990
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.
Prins Albertlaan 283800 Sint-TruidenGround area
91 m²
Building footprint
91 m²
Volume, LiDAR
1,039 m³
Parcel 71053G0369/00W005, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HERLO
since 19902.049.370.765
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053G0369/00W005 | Flanders | 91 m² | 1 · 91 m² | 14.8 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Truiden2.049.370.765
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FEEMAT
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Zwevegem · Eq €187,373
WESLANA
BE 0866.868.412
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C.D.K. Coiffure
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Jette · Eq €188,429
Of 21,748 companies in sector 96210 we hold annual accounts for 2,833. 1,403 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.