Herman Construction Management
ActiveHerman Construction Management has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138k and a net result of €39k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+5
Solvency93▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.92 in 2024; short-term debt: 24.6% and cash: 19% of total assets), and 31.8% 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
68.2%
Return on assets
19.2%
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 24-03-2026, 129 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
129 d early
2024
49 d early
2023
13 d early
2022
6 d early
2021
23 d early
2020
47 d early
2019
24 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€138k▲ 5.0%
2024 · €131k
2018: €71k
2019: €78k
2020: €91k
2021: €104k
2022: €111k
2023: €113k
2024: €131k
2018 → 2025
Total assets
€202k▼ 3.4%
2024 · €210k
2018: €113k
2019: €110k
2020: €118k
2021: €131k
2022: €127k
2023: €228k
2024: €210k
2018 → 2025
Net result
€39k▲ 19.3%
2024 · €33k
2018: €7k
2019: €7k
2020: €13k
2021: €13k
2022: €7k
2023: €15k
2024: €33k
2018 → 2025
Working capital
€49k▲ 9.0%
2024 · €45k
2018: €19k
2019: €21k
2020: €28k
2021: €37k
2022: €44k
2023: €53k
2024: €45k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€104k-€111k▲ 6.9%€113k▲ 1.8%€131k▲ 16.5%€138k▲ 5.0%
Operating result€20k-€11k▼ 44.1%€24k▲ 116%€52k▲ 118%€57k▲ 9.8%
Net result€13k-€7k▼ 43.8%€15k▲ 114%€33k▲ 112%€39k▲ 19.3%
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 2022 the operating result has climbed three years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202k
Fixed assets
€104k▼ 10.9%
Current assets
€99k▲ 6.0%
Equity and liabilities €202k
Equity
€138k▲ 5.0%
Debt
€64k▼ 17.5%
The debt ratio falls from 37.3% to 31.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▲
2024 · €65k
Cash flow
€52k▲
2024 · €45k
Solvency
68.2%▲
2024 · 62.7%
Current ratio
1.98▲
2024 · 1.92
Quick ratio
1.98▲
2024 · 1.92
Debt / equity
0.47▼
2024 · 0.59
ROE
28.2%▲
2024 · 24.9%
ROA
19.2%▲
2024 · 15.6%
Interest coverage
26.58▲
2024 · 23.26
Debt
€64k▼
2024 · €78k
Debt ≤ 1 year
€50k▲
2024 · €48k
Debt > 1 year
€15k▼
2024 · €30k
Income taxes
€16k▼
2024 · €17k
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€210k€202k▼
Fixed assets21/28€117k€104k▼
Tangible fixed assets22/27€50k€37k▼
Furniture and vehicles24€3k€2k▼
Leasing and similar rights25€47k€35k▼
Financial fixed assets28€67k€67k=
Current assets29/58€93k€99k▲
Amounts receivable within one year40/41€25k€46k▲
Trade receivables40€18k€45k▲
Other amounts receivable41€7k€1k▼
Cash at bank and in hand54/58€68k€38k▼
Deferred charges and accrued income490/1-€14k
Equity and liabilities
Total equity and liabilities10/49€210k€202k▼
Equity10/15€131k€138k▲
Contributions10/11€6k€6k=
Reserves13€125k€132k▲
Distributable reserves133€125k€132k▲
Amounts payable17/49€78k€64k▼
Amounts payable after more than one year17€30k€15k▼
Financial debts170/4€30k€15k▼
Amounts payable within one year42/48€48k€50k▲
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€20k€22k▲
Taxes450/3€20k€22k▲
Other amounts payable47/48€13k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€505€25k▲
Gross operating margin9900€65k€95k▲
Operating profit (loss)9901€52k€57k▲
Financial income75/76B€48-
Recurring financial income75€48-
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€49k€54k▲
Income taxes67/77€17k€16k▼
Profit (loss) for the period9904€33k€39k▲
Profit (loss) for the period to be appropriated9905€33k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€33k€39k▲
Transfer from equity791/2€14k€32k▲
Transfer to equity691/2€33k€39k▲
To other reserves6921€33k€39k▲
Profit to be distributed694/7€14k€32k▲
Return on contributions (dividend)694€14k€32k▲
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
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €39k ▲19.3%
Operating result €57k, net result €39k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €104k ▲14.1%
4 profitable years in a row build equity to €104k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet €7k ▼8.1%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
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
5 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, Stabroek · 1 establishment unit since 2004
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.
Sigarenstraat 492940 StabroekGround area
356 m²
Building footprint
122 m²
Volume, LiDAR
538 m³
Parcel 11044C0375/00Y003, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Herman Construction Management
since 20042.145.108.676
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044C0375/00Y003 | Flanders | 356 m² | 1 · 122 m² | 8.4 m · 1 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.
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JACOBB
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Of 5,700 companies in sector 70100 we hold annual accounts for 3,495. 2,350 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-12-2004
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
43320Joinery installation
63920Other information service activities
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.