Hermans Projects · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Hermans Projects is 0.3% (very low). The 2024 annual accounts show equity of €1.39M and a net result of €677k. Equity is growing by ~36.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 4950 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	30-09-2025	61 d late	2025-00522635
31-12-2023	31-07-2024	30-09-2024	61 d late	2024-00481891
31-12-2022	31-07-2023	31-08-2023	31 d late	2023-00429285
31-12-2021	31-07-2022	26-10-2022	87 d late	2022-20475627
31-12-2020	31-07-2021	31-08-2021	31 d late	2021-65500509
31-12-2019	31-07-2020	29-10-2020	90 d late	2020-65000418
31-12-2018	31-07-2019	24-10-2019	85 d late	2019-71200579
31-12-2017	31-07-2018	31-07-2018	on the day	2018-42600234
31-12-2016	31-07-2017	31-08-2017	31 d late	2017-57200382
31-12-2015	31-07-2016	30-08-2016	30 d late	2016-53700065

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2014, 12 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.3% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Annual accounts: healthy financial profile −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€677k+11.5%

Working capital€1.39M+94.7%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~36.5%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	51.6%	16.7%	better than 74% of 4950 sector peers
Net result	€677k	€2k	better than 95% of 4942 sector peers
Equity	€1.39M	€27k	better than 95% of 4953 sector peers
Gross operating margin	€903k	€27k	better than 95% of 4936 sector peers
Total assets	€2.70M	€302k	better than 95% of 4952 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P74

Stable position over 2020-2024 · n=859-4950

Net result P95

Improving position over 2020-2024 · n=858-4942

Equity P95

Improving position over 2020-2024 · n=859-4953

Gross operating margin P95

Improving position over 2020-2024 · n=858-4936

Describes the position versus peers, not a forecast.

Net profit

€677k

+11.5% 18-24

Total assets

€2.70M

+227.2% 18-24

Equity

€1.39M

+94.7% 18-24

Working capital

€1.39M

+94.7% 18-24

Income taxes

€226k

+11.7% 18-24

Dividends

€550k

+139.1% 18-24

Debt

€1.31M

+1087.2% 18-24

Debt ≤ 1y

€1.31M

+1087.2% 18-24

Current ratio

2.06

-72.4% 18-24

Quick ratio

0.44

-94.1% 18-24

Solvency

51.6%

-40.5% 18-24

Debt / equity

0.94

+509.7% 18-24

ROE

48.6%

-42.7% 18-24

ROA

25.1%

-65.9% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€677k
Cash flow	-
Staff costs	-
Income taxes	€226k
Dividends	-
Total assets	€2.70M
Equity	€1.39M
Debt	€1.31M
of which ≤ 1y	€1.31M
of which > 1y	-
Working capital	€1.39M
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	2.06
Quick ratio	0.44
Working capital ratio	51.6%
Solvency	51.6%
Debt / equity	0.94
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	25.1%
ROE	48.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Equity & liabilities

Equity €1.39M · 51.6% Debt €1.31M · 48.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.70M
Current assets	29/58	€2.70M
Stocks & contracts in progress	3	€2.12M
Amounts receivable within one year	40/41	€571k
Cash & bank	54/58	€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.70M
Equity	10/15	€1.39M
Contributions / capital	10/11	€20k
Reserves	13	€1.37M
Amounts payable	17/49	€1.31M
Amounts payable within one year	42/48	€1.31M
Trade debts payable within one year	44	€275
Income statement
Gross operating margin	9900	€903k
Operating result	9901	€903k
Financial charges	65	€64
Result before taxes	9903	€903k
Income taxes	67/77	€226k
Net result for the period	9904	€677k
Result to be appropriated	9905	€677k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

83 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Nijverheidslaan 1163620 Lanaken

Establishment units

1 location

Hermans Projects

Nijverheidslaan 116, 3620 LanakenHandel in eigen onroerend goed : flatgebouwen en woningen niet voor bewoning bestemde gebouwen, grond

since 20142.231.253.485

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area334 m²

Buildings1

Building footprint22 m²

Volume (LiDAR)55 m³

Tallest building3.3 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73042B0149/00D002indicative	Flanders	334 m²	1 · 22 m²	3.3 m · 1 fl.

Methodology

via registered seat: 1

0 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

91 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 83

Profitability 100

Solvency 96

Growth 78

Stability 100

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