Equity
-€263,780
Debts exceed assets in financial year 2025.
Herman
Lifetime
7 annual accounts with figures on one time axispeak €17,040 (2019)
€5,380▼ 44.9%
lowest -€107,597 (2025)
-€107,597▼ €23,015
peak €18,188 (2019)
-€263,780▼ €107,597
€4.5m▲ 215%
Board5 names since 2019
2 directorsLeaso and 1 other
Owners2 names in the annual accounts
100%T&D Invest and 1 other
Documentsfilings and deeds
05-06-202656 days before the deadline
2025financial year
Gross margin from €9,764 to €5,380Loss of €107,597Equity from -€156,183 to -€263,780Debts from €1.4m to €4.5mInvestments €2.6m
Key points
from the 2025 annual accountsLosses
-€245,782 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€4.5m 106% of the balance sheet
Financial debts 20%Suppliers 9%Other 70%
€968,046 of the debts are secured on the company's own assets. In 2022 that was €1.1m.
Investments
€1.9m 524.8 × depreciation
Green is investment, beige is depreciation.
Payment terms
12,420 days to suppliers
Herman pays its suppliers 12,213 days later than in 2024.
Position in the sector
-€263,780
Less equity than 90% of companies in residential care. Sector median €865,456 · 700 companies.
Checked score
53
Fair
Financially stronger than 9% of small companies in residential care (NACE 87)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 613 companies (NACE 87, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.9%▲ +0.1 percentage points vs 02-2025
04-2025: 0.8%▼ -0.1 percentage points vs 03-2025
05-2025: 0.9%▲ +0.1 percentage points vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025highest value
07-2025: 0.4%▼ -0.5 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.3%▼ -0.1 percentage points vs 12-2025lowest value
02-2026: 0.4%▲ +0.1 percentage points vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.3%▼ -0.1 percentage points vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.13, cash €9,959
Negative equity -€263,780
lowers risk
Size: total assets €4.2m
Sector: Residential care activities (NACE 87)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 87, small). It does better than 9% of them on solvency, 7% on liquidity, 14% on profitability and 4% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,167 companies had the same profile as Herman has now. Each dot stands for 3 companies, two years later.
94.9%
were still trading
2.8%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Herman itself is lower: 0.4% within 12 months. It rests on far more data about Herman than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,167 companies, not a prediction for Herman. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.13 (0.04 in 2024), below 1. Short-term debt is 63.8% and cash 0.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1920212122232425
2019 to 2025 · latest year -€263,780
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 05-06-2026, 56 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
56 days early
2024
42 days early
2023
61 days early
2022
48 days early
2021
175 days late
2021
3 days early
2020
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 87), the median for financial year 2024 was 27 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
L
Leaso
Director, HAEGMAN Ben, since 15-12-2021
- T&D Invest 100%equity €81.0m (2026) · 31-05-2026 annual accounts of T&D Invest
Recent changes
Reappointment: RSM InterAudit SRL (statutory auditor)
General meeting of 22-05-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0695742002
Appointment: RSM INTERAUDIT (statutory auditor)
General meeting of 12-04-2023 · Gazette deed
Company renamed from LA CANOPEE NIVELLES to Herman
Registered office moved from Nivelles to Frameries · New registered office: Route de Bavay 56, 7080 Frameries · Previous registered office: Boulevard des Archers, numéro 71, 1400 Nivelles · General meeting of 15-12-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Herman Frameries | - | - | -6.3% | - |
| Souris à la vie Tournai | €11.9m | -2.0% | -5.2% | 116.6 |
| MARIEMBOURG SANTE Couvin | €7.7m | -0.3% | -6.6% | 114.5 |
| L.J.MANAGEMENT Péruwelz | €0.2m | - | 60.4% | 3 |
| le jardin des fees Mons | €10.8m | -6.5% | -40.4% | 122.3 |
| AU PETIT BONHEUR M.S Grâce-Hollogne | €13.0m | 1.7% | 36.9% | 139.4 |
| Centre d'hébergement pour personnes porteuses d'une déficience mentale : Ensemble asbl Spa | €12.2m | -0.4% | 24.7% | 158.3 |
These companies have the same main activity as Herman: residential care activities (NACE 87202). They are comparable in size and age: total assets between €2m and €7.9m, founded between 2005 and 2020.
Official details
Source: KBO- Status
- Active since 07-05-2018Normal situation
- Registered office
- 16 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Residential care activitiesNACE 87202
- Establishment unit
- 2.276.518.4377322 Bernissart, since 07-05-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 12-08-2025
Annual accounts 2025
- ≈ €36,000estimated
- €4.2m▲ 233%
- Filing
- Filed on 05-06-2026, 56 days before the end of the filing period
Companies linked to Herman
Parent and group
Insights on Herman
Herman has existed since 2018. The gross margin fell from €17,040 in 2019 to €5,380 in 2025.
Solvency rose in 2025 from -12.4% to -6.3%.
T&D Invest holds all the shares.
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 Herman
- What is the company number of Herman?
- The company number of Herman is 0695.742.002. The VAT number is the same number with BE in front: BE 0695.742.002.
- Where is Herman based?
- The registered office is at Route de Bavay 56, 7080 Frameries.Company details
- What does Herman do?
- According to the KBO register, the main activity is residential care activities (NACE 87202).
- What is the legal form of Herman?
- Herman is a private limited company (BV).
- When was Herman founded?
- Herman was founded on 07-05-2018.
- Is Herman still active?
- Yes, Herman is an active enterprise in the KBO register.
- What is the turnover of Herman?
- The turnover in financial year 2025 is ≈ €36,000. This figure is estimated from the gross margin of €5,380 and 2,724 comparable companies of the same size. It probably lies between €15,000 and €91,000. It is a rough estimate. In financial year 2021 turnover was €0.Financials
- Is Herman profitable?
- In financial year 2025, Herman made a loss of €107,597.
- Where can I find the annual accounts of Herman?
- Herman filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Herman due?
- Herman must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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