Equity
-€56,548
Debts exceed assets in financial year 2025.
HerLo
Lifetime
4 annual accounts with figures on one time axispeak -€1,387 (2024)
-€6,165▼ €4,777
lowest -€26,751 (2025)
-€26,751▼ €22,174
peak -€16,463 (2022)
-€56,548▼ €26,751
€72,934▲ 12.5%
peak 0 FTE (2025)
0 FTE
Board1 name since 2021
1 director
Documentsfilings and deeds
29-01-20262 days before the deadline
2025abbreviated format
Gross margin from -€1,387 to -€6,165Loss of €26,751Registered office moved from Ninove to Varsenare 22-09Equity from -€29,797 to -€56,548
Key points
from the 2025 annual accountsLosses
-€61,548 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€72,934 445% of the balance sheet
Filings
4 annual accounts since 2022
The last four annual accounts were filed 2 to 25 days before the end of the period.
Starting capital
€5,000 1,000 shares
Position in the sector
-345.1%
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 52.1% · 10,633 companies.
Turnover not published (abbreviated format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,007 companies had the same profile as HerLo has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,007 companies, not a prediction for HerLo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0766286538
Registered office moved from Ninove to Varsenare
New registered office: Grote Thems 55, 8490 Varsenare · Previous registered office: Kruisvijverstraat 8, 9400 Ninove · Permanent representatives: and · Board meeting of 20-08-2025 · Gazette deed
Company renamed from SAN-PROJECTS to HerLo
“Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed; Verhuur en exploitatie van eigen of…” (deed in Dutch) · General meeting of 02-11-2022 · Gazette deed
Environmental permit granted
Slopen van niet vrijstaande gebouwen of constructies, Verwijderen van vrijstaande gebouwen · Zedelgem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HerLo Jabbeke | €16,386 | -€6,165 | -345.1% | 0 |
| DE NOBREGA GROUP Knokke-Heist | €37,263 | €1,893 | -63.7% | 0 |
| Emloda Assets Bruges | €10,486 | -€611 | -6.4% | - |
| LOUIS HASPESLAGH Dentergem | €19,626 | -€33,131 | 97.5% | - |
| Adesso Admin Waregem | €17,761 | -€1,445 | 56.8% | - |
| Idéerna Ostend | €27,004 | -€7,628 | 52.6% | - |
| CONNECT-S Lo-Reninge | €34,059 | -€8,737 | 81.5% | - |
These companies have the same main activity as HerLo: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €10,500 and €37,300, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 02-04-2021Normal situation
- Activity
- Activities of head officesNACE 70100and 4 others
- Establishment unit
- 2.316.132.9409400 Ninove, since 02-04-2021
- Financial year end
- 30 June
- Peppol
- Reachable since 13-02-2026
Annual accounts to 30-06-2025
- €16,386▼ 53.2%
- Filing
- Filed on 29-01-2026, 2 days before the end of the filing period
Insights on HerLo
HerLo files the abbreviated format. That format states no turnover. The gross margin rose from -€20,001 in 2022 to -€6,165 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HerLo
- What is the company number of HerLo?
- The company number of HerLo is 0766.286.538. The VAT number is the same number with BE in front: BE 0766.286.538.
- Where is HerLo based?
- The registered office is at Grote Thems 55, 8490 Jabbeke.Company details
- What does HerLo do?
- According to the KBO register, the main activity is activities of head offices (NACE 70100).
- What is the legal form of HerLo?
- HerLo is a private limited company (BV).
- When was HerLo founded?
- HerLo was founded on 02-04-2021.
- Is HerLo still active?
- Yes, HerLo is an active enterprise in the KBO register.
- What is the turnover of HerLo?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is HerLo profitable?
- In financial year 2025, HerLo made a loss of €26,751.
- Where can I find the annual accounts of HerLo?
- HerLo filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HerLo due?
- HerLo must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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