HERMANS & PARTNERS
ActiveSummary
The annual accounts of HERMANS & PARTNERS for fiscal year 2025 show a net loss of 56% of the equity at the start of that year. The 2025 annual accounts show equity of €27k and a net result of €-35k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 16% of 2198 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-21
Solvency31▼-10
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.81 against 2.54 in 2024; short-term debt: 54.9% and cash: 0.7% of total assets), but 94% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
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
6%
Return on assets
-7.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2198 sector peers (2025).
NBB · sector comparisonPosition among 2198 sector peers
Solvency
better than 16%
← 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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
48 d early
2023
12 d early
2022
26 d early
2021
2 d early
2020
31 d late
2019
63 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€27k▼ 55.9%
2024 · €62k
2018: €37k
2019: €58k▲ +56.8% vs 2018
2020: €31k▼ -46.8% vs 2019
2021: €58k▲ +87.1% vs 2020
2022: €58k▲ +0.8% vs 2021
2023: €82k▲ +39.8% vs 2022highest in 8 years
2024: €62k▼ -24.3% vs 2023
2025: €27k▼ -55.9% vs 2024lowest in 8 years
2018 → 2025
Total assets
€458k▲ 16.4%
2024 · €393k
2018: €532k
2019: €421k▼ -20.9% vs 2018
2020: €432k▲ +2.5% vs 2019
2021: €251k▼ -41.9% vs 2020lowest in 8 years
2022: €569k▲ +127% vs 2021highest in 8 years
2023: €392k▼ -31.0% vs 2022
2024: €393k▲ +0.2% vs 2023
2025: €458k▲ +16.4% vs 2024
2018 → 2025
Net result
€-35k
2024 · €2k
2018: €9k
2019: €21k▲ +140% vs 2018
2020: €931▼ -95.6% vs 2019
2021: €27k▲ +2798% vs 2020highest in 8 years
2022: €486▼ -98.2% vs 2021
2023: €23k▲ +4679% vs 2022
2024: €2k▼ -90.7% vs 2023
2025: €-35k▼ -1695% vs 2024lowest in 8 years
2018 → 2025
Working capital
€203k▼ 13.8%
2024 · €236k
2018: €37klowest in 8 years
2019: €410k▲ +1002% vs 2018
2020: €392k▼ -4.4% vs 2019
2021: €211k▼ -46.1% vs 2020
2022: €524k▲ +148% vs 2021highest in 8 years
2023: €256k▼ -51.2% vs 2022
2024: €236k▼ -7.8% vs 2023
2025: €203k▼ -13.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€58k▲ 0.8%€82k▲ 39.8%€62k▼ 24.3%€27k▼ 55.9%
2021: €58k
2022: €58k▲ +0.8% vs 2021
2023: €82k▲ +39.8% vs 2022highest in 5 years
2024: €62k▼ -24.3% vs 2023
2025: €27k▼ -55.9% vs 2024lowest in 5 years
Operating result€53k-€17k▼ 67.5%€53k▲ 208%€16k▼ 70.1%€-24k
2021: €53k
2022: €17k▼ -67.5% vs 2021
2023: €53k▲ +208% vs 2022highest in 5 years
2024: €16k▼ -70.1% vs 2023
2025: €-24k▼ -249% vs 2024lowest in 5 years
Net result€27k-€486▼ 98.2%€23k▲ 4,679%€2k▼ 90.7%€-35k
2021: €27khighest in 5 years
2022: €486▼ -98.2% vs 2021
2023: €23k▲ +4679% vs 2022
2024: €2k▼ -90.7% vs 2023
2025: €-35k▼ -1695% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €24k after €16k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €458k
Fixed assets
€3k ▼ 25.2%
Current assets
€455k ▲ 16.8%
Equity and liabilities €458k
Equity
€27k ▼ 55.9%
Provisions
€169k ▲ 0.6%
Debt
€261k ▲ 60.2%
Debt's share of the balance-sheet total rises from 41.4% to 57.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-22k▼
2024 · €17k
Cash flow
€-34k▼
2024 · €3k
Current ratio
1.81▼
2024 · 2.54
Quick ratio
0.26▼
2024 · 2.54
Debt to equity
9.58▲
2024 · 2.63
ROE
-127.0%▼
2024 · 3.5%
ROA
-7.6%▼
2024 · 0.6%
Interest coverage
-1.63▼
2024 · 1.29
Debt ≤ 1 year
€252k▲
2024 · €154k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€393k€458k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24€4k€3k▼
Current assets29/58€389k€455k▲
Stocks and contracts in progress3-€389k
Stocks30/36-€389k
Amounts receivable within one year40/41€15k€38k▲
Trade receivables40€76€23k▲
Other amounts receivable41€15k€15k▲
Cash at bank and in hand54/58€373k€3k▼
Deferred charges and accrued income490/1€1k€24k▲
Equity and liabilities
Total equity and liabilities10/49€393k€458k▲
Equity10/15€62k€27k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€56k€56k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€54k€54k=
Profit (loss) carried forward14-€-35k
Provisions and deferred taxes16€169k€169k▲
Provisions for liabilities and charges160/5€169k€169k▲
Other liabilities and charges164/5€169k€169k▲
Amounts payable17/49€163k€261k▲
Amounts payable within one year42/48€154k€252k▲
Trade debts44€4k€32k▲
Suppliers440/4€4k€32k▲
Taxes, remuneration and social security45-€230
Taxes450/3-€230
Other amounts payable47/48€150k€219k▲
Accrued charges and deferred income492/3€9k€10k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€1k€19k▲
Gross operating margin9900€18k€-3k▼
Operating profit (loss)9901€16k€-24k▼
Financial income75/76B€422€3k▲
Recurring financial income75€422€3k▲
Financial charges65/66B€13k€14k▲
Recurring financial charges65€13k€14k▲
Profit (loss) for the period before taxes9903€3k€-35k▼
Income taxes67/77€973-
Profit (loss) for the period9904€2k€-35k▼
Profit (loss) for the period to be appropriated9905€2k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-35k▼
Transfer from equity791/2€22k-
Transfer to equity691/2€2k-
To other reserves6921€2k-
Profit to be distributed694/7€22k-
Return on contributions (dividend)694€22k-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €743 | €1k | €1k | ▲ 3.3% |
| Other operating charges640/8 | €886 | €1k | €2k | €1k | €19k | ▲ 1,574% |
| Gross operating margin9900 | €55k | €20k | €55k | €18k | €-3k | ▼ 119% |
| Operating profit (loss)9901 | €53k | €17k | €53k | €16k | €-24k | ▼ 249% |
| Financial income75/76B | €41 | €94 | €68 | €422 | €3k | ▲ 522% |
| Recurring financial income75 | €41 | €94 | €68 | €422 | €3k | ▲ 522% |
| Financial charges65/66B | €14k | €16k | €18k | €13k | €14k | ▲ 4.8% |
| Recurring financial charges65 | €14k | €16k | €18k | €13k | €14k | ▲ 4.8% |
| Profit (loss) for the period before taxes9903 | €39k | €825 | €35k | €3k | €-35k | ▼ 1,201% |
| Income taxes67/77 | €12k | €339 | €12k | €973 | - | - |
| Profit (loss) for the period9904 | €27k | €486 | €23k | €2k | €-35k | ▼ 1,695% |
| Profit (loss) for the period to be appropriated9905 | €27k | €486 | €23k | €2k | €-35k | ▼ 1,695% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €251k | €569k | €392k | €393k | €458k | ▲ 16.4% |
| Fixed assets21/28 | €3k | €683 | €3k | €4k | €3k | ▼ 25.2% |
| Tangible fixed assets22/27 | €3k | €683 | €3k | €4k | €3k | ▼ 25.2% |
| Furniture and vehicles24 | €3k | €683 | €3k | €4k | €3k | ▼ 25.2% |
| Current assets29/58 | €248k | €568k | €389k | €389k | €455k | ▲ 16.8% |
| Stocks and contracts in progress3 | €2k | €500k | €349k | - | €389k | - |
| Stocks30/36 | €2k | €500k | €349k | - | €389k | - |
| Amounts receivable within one year40/41 | €1k | €2k | €101 | €15k | €38k | ▲ 156% |
| Trade receivables40 | - | €152 | - | €76 | €23k | ▲ 30,364% |
| Other amounts receivable41 | €1k | €2k | €101 | €15k | €15k | ▲ 1.4% |
| Cash at bank and in hand54/58 | €244k | €40k | €25k | €373k | €3k | ▼ 99.1% |
| Deferred charges and accrued income490/1 | €884 | €26k | €16k | €1k | €24k | ▲ 1,859% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €251k | €569k | €392k | €393k | €458k | ▲ 16.4% |
| Equity10/15 | €58k | €58k | €82k | €62k | €27k | ▼ 55.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Outside capital11 | €6k | €6k | €6k | €6k | €6k | = |
| Other1109/19 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €52k | €52k | €76k | €56k | €56k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €50k | €50k | €74k | €54k | €54k | = |
| Profit (loss) carried forward14 | - | - | - | - | €-35k | - |
| Provisions and deferred taxes16 | €148k | €157k | €167k | €169k | €169k | ▲ 0.6% |
| Provisions for liabilities and charges160/5 | €148k | €157k | €167k | €169k | €169k | ▲ 0.6% |
| Other liabilities and charges164/5 | €148k | €157k | €167k | €169k | €169k | ▲ 0.6% |
| Amounts payable17/49 | €45k | €353k | €143k | €163k | €261k | ▲ 60.2% |
| Amounts payable after more than one year17 | - | €300k | - | - | - | - |
| Financial debts170/4 | - | €300k | - | - | - | - |
| Amounts payable within one year42/48 | €37k | €44k | €134k | €154k | €252k | ▲ 63.8% |
| Trade debts44 | €3k | €10k | €5k | €4k | €32k | ▲ 771% |
| Suppliers440/4 | €3k | €10k | €5k | €4k | €32k | ▲ 771% |
| Taxes, remuneration and social security45 | €2k | €3k | €12k | - | €230 | - |
| Taxes450/3 | €2k | €3k | €12k | - | €230 | - |
| Other amounts payable47/48 | €32k | €32k | €117k | €150k | €219k | ▲ 46.2% |
| Accrued charges and deferred income492/3 | €8k | €9k | €9k | €9k | €10k | ▲ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €486 | €23k | €2k | €-35k | ▼ 1,695% |
| + Depreciation and write-downs630 | €2k | €2k | €743 | €1k | €1k | ▲ 3.3% |
| Operating cash flow (approximation) | €29k | €2k | €24k | €3k | €-34k | ▼ 1,149% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-203k | €-16k | €348k | €-370k | ▼ 206% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €27k ▲2,798%
Net result €27k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
31-12
Financial
Liquidity times 38current ratio 40.77
Current ratio from 1.08 to 40.77; short-term debt falls from €495k to €10k.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Schoten · 1 establishment unit since 2011
Ground area
166 m²
Building footprint
162 m²
Volume, LiDAR
900 m³
Parcel 11040D0153/00T006, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HERMANS & PARTNERS
since 20112.199.688.794
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0153/00T006 | Flanders | 166 m² | 1 · 162 m² | 10.0 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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,259 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.