HERMANS
ActiveSummary
HERMANS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€121,670) and a net result of -€324,164. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-14
Solvency0▼-64
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 29.9 against 39.41 in 2024; short-term debt: 2.2% and cash: 35.8% of total assets), but equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-70.5%
Return on assets
-187.7%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€121,670
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
29 d late
2023
56 d late
2022
48 d early
2021
24 d late
2020
27 d late
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 24 August (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€121,670
2024 · €202,495
Total assets
€172,672▼ 66.6%
2024 · €516,760
Net result
-€324,164▼ 1,542%
2024 · -€19,743
Working capital
€107,911▼ 75.6%
2024 · €442,948
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result-€5,541▲ 62.7%-€3,578▲ 35.4%-€104,718▼ 2,827%-€20,273▲ 80.6%-€324,880▼ 1,502%
Net result-€5,963below the sector's middle half▲ 60.4%-€4,163within the sector's middle half▲ 30.2%-€104,936below the sector's middle half▼ 2,421%-€19,743below the sector's middle half▲ 81.2%-€324,164below the sector's middle half▼ 1,542%
Equity€331,337above the sector's middle half▼ 1.8%€327,174above the sector's middle half▼ 1.3%€222,238above the sector's middle half▼ 32.1%€202,495above the sector's middle half▼ 8.9%-€121,670below the sector's middle half
Total assets€619,356above the sector's middle half▲ 1.9%€644,840above the sector's middle half▲ 4.1%€537,017above the sector's middle half▼ 16.7%€516,760above the sector's middle half▼ 3.8%€172,672below the sector's middle half▼ 66.6%
Debt€288,019▲ 6.4%€317,666▲ 10.3%€314,779▼ 0.9%€314,265▼ 0.2%€294,341▼ 6.3%
Working capital€522,683above the sector's middle half▲ 4.4%€532,015above the sector's middle half▲ 1.8%€460,738above the sector's middle half▼ 13.4%€442,948above the sector's middle half▼ 3.9%€107,911within the sector's middle half▼ 75.6%
Solvency53.5%within the sector's middle half▼ 2.0pp50.7%within the sector's middle half▼ 2.8pp41.4%within the sector's middle half▼ 9.4pp39.2%within the sector's middle half▼ 2.2pp-70.5%below the sector's middle half▼ 109.6pp
Current ratio25.47above the sector's middle half▼ 7.1112.76above the sector's middle half▼ 12.7138.28above the sector's middle half▲ 25.5239.41above the sector's middle half▲ 1.1329.90above the sector's middle half▼ 9.52
Return on assets (ROA)-1.0%within the sector's middle half▲ 1.5pp-0.6%within the sector's middle half▲ 0.3pp-19.5%below the sector's middle half▼ 18.9pp-3.8%below the sector's middle half▲ 15.7pp-187.7%below the sector's middle half▼ 183.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -1,542% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €324,880 in 2025 against €20,273 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172,672
Fixed assets
€61,026 ▼ 2.0%
Current assets
€111,646 ▼ 75.4%
Key figures and ratios
EBITDA
-€324,015▼
2024 · -€18,634
Cash flow
-€323,299▼
2024 · -€18,104
Quick ratio
27.52▲
2024 · 3.55
Debt to equity
-2.42▼
2024 · 1.55
Interest coverage
-1330.49▼
2024 · -132.48
Debt ≤ 1 year
€3,734▼
2024 · €11,531
Debt > 1 year
€290,607▼
2024 · €302,734
Income taxes
€426▼
2024 · €493
Staff costs
€468▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €189 | €186 | - | - | €2,030 | - |
| Remuneration, social security and pensions62 | -€987 | - | €6 | €0 | €468 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,873 | €7,739 | €3,638 | €1,640 | €865 | ▼ 47.2% |
| Other operating charges640/8 | €5,152 | €4,805 | €5,242 | €6,608 | €6,546 | ▼ 0.9% |
| Non-recurring operating charges66A | - | €1,090 | €695 | €220 | €10,282 | ▲ 4,579% |
| Gross operating margin9900 | €19,496 | €10,056 | -€95,137 | -€11,806 | -€306,719 | ▼ 2,498% |
| Operating profit (loss)9901 | -€5,541 | -€3,578 | -€104,718 | -€20,273 | -€324,880 | ▼ 1,502% |
| Financial income75/76B | €101 | €40 | €452 | €1,164 | €1,385 | ▲ 19.0% |
| Recurring financial income75 | €101 | €40 | €452 | €1,164 | €1,385 | ▲ 19.0% |
| Financial charges65/66B | €113 | €193 | €201 | €141 | €244 | ▲ 73.1% |
| Recurring financial charges65 | €113 | €193 | €201 | €141 | €244 | ▲ 73.1% |
| Profit (loss) for the period before taxes9903 | -€5,553 | -€3,731 | -€104,467 | -€19,250 | -€323,739 | ▼ 1,582% |
| Income taxes67/77 | €410 | €431 | €469 | €493 | €426 | ▼ 13.7% |
| Profit (loss) for the period9904 | -€5,963 | -€4,163 | -€104,936 | -€19,743 | -€324,164 | ▼ 1,542% |
| Profit (loss) for the period to be appropriated9905 | -€5,963 | -€4,163 | -€104,936 | -€19,743 | -€324,164 | ▼ 1,542% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €619,356 | €644,840 | €537,017 | €516,760 | €172,672 | ▼ 66.6% |
| Fixed assets21/28 | €75,310 | €67,583 | €63,921 | €62,281 | €61,026 | ▼ 2.0% |
| Intangible fixed assets21 | €1,560 | €1,170 | €780 | €390 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €73,725 | €66,376 | €63,128 | €61,878 | €61,013 | ▼ 1.4% |
| Land and buildings22 | €66,665 | €63,611 | €62,612 | €61,813 | €61,013 | ▼ 1.3% |
| Plant, machinery and equipment23 | €5,906 | €1,997 | €132 | €66 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,154 | €769 | €384 | €0 | - | - |
| Financial fixed assets28 | €25 | €37 | €12 | €12 | €12 | = |
| Current assets29/58 | €544,046 | €577,257 | €473,097 | €454,479 | €111,646 | ▼ 75.4% |
| Stocks and contracts in progress3 | €527,436 | €555,263 | €438,504 | €413,553 | €8,870 | ▼ 97.9% |
| Stocks30/36 | €527,436 | €555,263 | €438,504 | €413,553 | €8,870 | ▼ 97.9% |
| Amounts receivable within one year40/41 | €4,536 | €10,052 | €22,599 | €34,397 | €39,823 | ▲ 15.8% |
| Trade receivables40 | €4,536 | €10,052 | €5,575 | €10,495 | €12,000 | ▲ 14.3% |
| Other amounts receivable41 | - | - | €17,024 | €23,902 | €27,823 | ▲ 16.4% |
| Current investments50/53 | €3 | €3 | €3 | - | - | - |
| Cash at bank and in hand54/58 | €8,968 | €8,943 | €8,250 | €3,123 | €61,765 | ▲ 1,878% |
| Deferred charges and accrued income490/1 | €3,103 | €2,995 | €3,741 | €3,406 | €1,188 | ▼ 65.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €619,356 | €644,840 | €537,017 | €516,760 | €172,672 | ▼ 66.6% |
| Equity10/15 | €331,337 | €327,174 | €222,238 | €202,495 | -€121,670 | ▼ 160% |
| Contributions10/11 | €92,000 | €92,000 | €92,000 | €92,000 | €92,000 | = |
| Capital10 | €92,000 | €92,000 | €92,000 | €92,000 | €92,000 | = |
| Issued capital100 | €92,000 | €92,000 | €92,000 | €92,000 | €92,000 | = |
| Reserves13 | €488,139 | €488,139 | €488,139 | €488,139 | €488,139 | = |
| Non-distributable reserves130/1 | €9,200 | €9,200 | €9,200 | €9,200 | €9,200 | = |
| Legal reserve130 | €9,200 | €9,200 | €9,200 | €9,200 | €9,200 | = |
| Tax-exempt reserves132 | €43,432 | €43,432 | €43,432 | €43,432 | €43,432 | = |
| Distributable reserves133 | €435,506 | €435,506 | €435,506 | €435,506 | €435,506 | = |
| Profit (loss) carried forward14 | -€248,801 | -€252,964 | -€357,900 | -€377,644 | -€701,808 | ▼ 85.8% |
| Amounts payable17/49 | €288,019 | €317,666 | €314,779 | €314,265 | €294,341 | ▼ 6.3% |
| Amounts payable after more than one year17 | €266,656 | €272,424 | €302,420 | €302,734 | €290,607 | ▼ 4.0% |
| Other amounts payable178/9 | €266,656 | €272,424 | €302,420 | €302,734 | €290,607 | ▼ 4.0% |
| Amounts payable within one year42/48 | €21,363 | €45,242 | €12,359 | €11,531 | €3,734 | ▼ 67.6% |
| Trade debts44 | €19,186 | €40,569 | €8,411 | €9,354 | €2,511 | ▼ 73.2% |
| Suppliers440/4 | €19,186 | €40,569 | €8,411 | €9,354 | €2,511 | ▼ 73.2% |
| Taxes, remuneration and social security45 | €2,177 | €4,674 | €3,948 | €2,177 | €1,223 | ▼ 43.8% |
| Taxes450/3 | €2,177 | €4,674 | €3,948 | €2,177 | €1,223 | ▼ 43.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,963 | -€4,163 | -€104,936 | -€19,743 | -€324,164 | ▼ 1,542% |
| + Depreciation and write-downs630 | €20,873 | €7,739 | €3,638 | €1,640 | €865 | ▼ 47.2% |
| Operating cash flow (approximation) | €14,909 | €3,576 | -€101,298 | -€18,104 | -€323,299 | ▼ 1,686% |
| Investment in fixed assets (approximation) | - | -€12 | €25 | €0 | €390 | - |
| Change in cash | - | -€25 | -€694 | -€5,126 | €58,642 | ▲ 1,244% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€324,164
Net result drops to -€324,164, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 38.28
Current ratio from 12.76 to 38.28; short-term debt falls from €45,242 to €12,359.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 37.93
Current ratio from 15.96 to 37.93; short-term debt falls from €30,562 to €12,030.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Heusden-Zolder · 1 establishment unit since 1993
Ground area
294 m²
Building footprint
208 m²
Volume, LiDAR
1,426 m³
Parcel 71502B0867/00H002, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELECTRO HERMANS
since 19932.035.742.364
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502B0867/00H002 | Flanders | 294 m² | 1 · 208 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VEDRA
BE 0698.953.393
Bilzen-Hoeselt · Eq €202,897
Designer Wish Bags
BE 0739.540.371
Avelgem · Eq €195,231
fimali advisory
BE 0893.591.021
Ukkel · Eq €192,024
PVL INVEST
BE 0889.383.003
Leuven · Eq €214,027
3BT
BE 0464.601.492
Gent · Eq €187,795
Of 656 companies in sector 47715 we hold annual accounts for 187. 128 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-02-1988
Fiscal year end31-12
Activities, NACEBEL 2025
47715Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433513289
Also
9925:BE0433513289
Registered
17-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.