Equity
-€12,333
Debts exceed assets in financial year 2025.
HERMANS
Lifetime
13 annual accounts with figures on one time axispeak €49,017 (2014)
€48,575▲ 168%
lowest -€23,896 (2014)
€6,401▼ 68.5%
peak €15,239 (2017)
-€12,333▲ €6,401
€238,022▲ 13×
Board3 names since 2013
1 directorHERMANS Jeroen
Documentsfilings and deeds
04-05-202688 days before the deadline
2025micro format
Gross margin from €18,112 to €48,575Result from €20,298 to €6,401Registered office moved within Dilsen-Stokkem 26-03Equity from -€18,734 to -€12,333Debts from €18,734 to €238,022
Key points
from the 2025 annual accountsTurnover
≈ €200,000 estimated
The accounts state no turnover.
Debts
€238,022 105% of the balance sheet
Financial debts 39%Suppliers 0%Other 60%
Of this, €144,037 falls due within a year.
Investments
€220,597 5.8 × depreciation
Green is investment, beige is depreciation.
Filings
13 annual accounts since 2013
The 2019 accounts came 59 days late. The other nine of the last ten were filed on time.
Position in the sector
-€12,333
Less equity than 85% of companies in furniture. Sector median €47,838 · 505 companies.
Checked score
54
Fair
Financially stronger than 43% of micro companies in furniture (NACE 31)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 829 companies (NACE 31, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.8%▼ -0.1 percentage points vs 12-2024
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 1.8%● unchanged vs 02-2025
04-2025: 3.6%▲ +1.8 percentage points vs 03-2025
05-2025: 3.8%▲ +0.2 percentage points vs 04-2025
06-2025: 3.7%▼ -0.1 percentage points vs 05-2025
07-2025: 3.9%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 1.2%▼ -2.7 percentage points vs 07-2025lowest value
09-2025: 1.2%● unchanged vs 08-2025lowest value
10-2025: 1.2%● unchanged vs 09-2025lowest value
11-2025: 1.2%● unchanged vs 10-2025lowest value
12-2025: 1.2%● unchanged vs 11-2025lowest value
01-2026: 1.2%● unchanged vs 12-2025lowest value
02-2026: 1.2%● unchanged vs 01-2026lowest value
03-2026: 1.2%● unchanged vs 02-2026lowest value
04-2026: 1.2%● unchanged vs 03-2026lowest value
05-2026: 1.2%● unchanged vs 04-2026lowest value
06-2026: 1.9%▲ +0.7 percentage points vs 05-2026
07-2026: 1.9%● unchanged vs 06-2026
08-2026: 1.9%● unchanged vs 07-2026
09-2026: 1.9%● unchanged vs 08-2026
10-2026: 1.9%● unchanged vs 09-2026
11-2026: 1.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Negative equity -€12,333
lowers risk
Size: total assets €225,689
Figures for financial year 2025 (filed on 06-05-2026)
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 31, micro). It does better than 17% of them on solvency, 16% on liquidity, 58% on profitability and 82% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 1,379 companies had the same profile as HERMANS has now. Each dot stands for 4 companies, two years later.
94.3%
were still trading
3.2%
stopped another way
2.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HERMANS itself: 1.9% within 12 months.
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 1,379 companies, not a prediction for HERMANS. 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 0.3, below 1. Short-term debt is 63.8% and cash 3.8% 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 · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 503 sector peers (2025).
NBB · sector comparisonPosition among 503 sector peers
Solvency
better than 17%
← weakest
strongest →
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 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 days early
2024
11 days early
2023
6 days early
2022
3 days early
2021
7 days early
2020
31 days early
2019
59 days late
← 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 12 days before the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% 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 24 July (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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0521963928
Registered office moved within Dilsen-Stokkem
New registered office: Burgemeester Henrylaan 109, 3650 Dilsen-Stokkem · Previous registered office: Kwavenstraat 3, 3650 Dilsen-Stokkem · Resignations: Mathieu HERMANS (director) and Anna HOUBEN (director) · General meeting of 19-03-2025 · Gazette deed
First establishment
Algemeen schrijnwerk HERMANS Motorhomes, Burg. Henrylaan 109, Dilsen-Stokkem
Incorporation
published on 22-03-2013 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HERMANS Dilsen-Stokkem | €225,689 | €48,575 | -5.5% | - |
| Gert Wouters interieur Beerse | €197,201 | €43,037 | 44.4% | - |
| Cocina Deerlijk | €300,278 | €41,728 | 22.3% | - |
| G&G INTERIEURBOUW Putte | €215,024 | €52,441 | 20.6% | - |
| Allaert Totaalinrichting Torhout | €168,538 | €37,890 | 35.6% | - |
| CUPERS INTERIEUR Heusden-Zolder | €290,060 | €43,068 | 62.6% | - |
| BUFFIN & FILS Grez-Doiceau | €242,522 | €72,096 | 13.8% | - |
These companies have the same main activity as HERMANS: manufacture of furniture (NACE 31002). They are comparable in size and age: total assets between €169,000 and €300,000, founded between 2005 and 2016.
Official details
Source: KBO- Status
- Active since 06-03-2013Normal situation
- Activity
- Manufacture of furnitureNACE 31002and 6 others
- Establishment unit
- 2.217.407.3303650 Dilsen-Stokkem, since 01-04-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 25-10-2025
Annual accounts 2025
- €225,689
- Filing
- Filed on 04-05-2026, 88 days before the end of the filing period
Insights on HERMANS
HERMANS files the micro format. That format states no turnover. The gross margin rose from €35,002 in 2013 to €48,575 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 HERMANS
- What is the company number of HERMANS?
- The company number of HERMANS is 0521.963.928. The VAT number is the same number with BE in front: BE 0521.963.928.
- Where is HERMANS based?
- The registered office is at Burg. Henrylaan 109, 3650 Dilsen-Stokkem.Company details
- What does HERMANS do?
- According to the KBO register, the main activity is manufacture of furniture (NACE 31002).
- What is the legal form of HERMANS?
- HERMANS is a private limited company (BV).
- When was HERMANS founded?
- HERMANS was founded on 06-03-2013.
- Is HERMANS still active?
- Yes, HERMANS is an active enterprise in the KBO register.
- What is the turnover of HERMANS?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €48,575 and 2,934 comparable companies of the same size. It probably lies between €120,000 and €350,000. It is a rough estimate.Financials
- Is HERMANS profitable?
- In financial year 2025, HERMANS made a profit of €6,401.
- Where can I find the annual accounts of HERMANS?
- HERMANS filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HERMANS due?
- HERMANS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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