HERMANS RACING
ActiveHERMANS RACING has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222k and a net result of €80k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 2267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
61
/ 100
Healthy▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency59▲+19
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.86 in 2024), and 60.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.9%
Return on assets
14.3%
Age of the figures
8 mo
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 12-03-2026, 141 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
141 d early
2024
14 d early
2023
23 d late
2022
14 d early
2021
27 d early
2020
5 d late
2019
74 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€222k▲ 55.8%
2024 · €142k
2020: €82k
2021: €137k
2022: €95k
2023: €75k
2024: €142k
2020 → 2025
Total assets
€556k▲ 9.3%
2024 · €509k
2020: €111k
2021: €180k
2022: €481k
2023: €522k
2024: €509k
2020 → 2025
Net result
€80k▼ 8.0%
2024 · €87k
2020: €59k
2021: €55k
2022: €38k
2023: €83k
2024: €87k
2020 → 2025
Working capital
€-11k▲ 33.4%
2024 · €-17k
2020: €82k
2021: €131k
2022: €-55k
2023: €-74k
2024: €-17k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€137k-€95k▼ 30.6%€75k▼ 20.7%€142k▲ 88.8%€222k▲ 55.8%
Operating result€69k-€57k▼ 17.6%€130k▲ 128%€138k▲ 6.8%€127k▼ 8.4%
Net result€55k-€38k▼ 30.7%€83k▲ 118%€87k▲ 3.9%€80k▼ 8.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €556k
Fixed assets
€464k▲ 14.0%
Current assets
€92k▼ 9.5%
Equity and liabilities €556k
Equity
€222k▲ 55.8%
Debt
€334k▼ 8.8%
The debt ratio falls from 72.0% to 60.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€146k▼
2024 · €150k
Cash flow
€99k▲
2024 · €98k
Solvency
39.9%▲
2024 · 28.0%
Current ratio
0.89▲
2024 · 0.86
Quick ratio
0.89▲
2024 · 0.86
Debt / equity
1.50▼
2024 · 2.57
ROE
35.8%▼
2024 · 60.7%
ROA
14.3%▼
2024 · 17.0%
Interest coverage
14.94▲
2024 · 14.49
Debt
€334k▼
2024 · €366k
Debt ≤ 1 year
€103k▼
2024 · €118k
Debt > 1 year
€231k▼
2024 · €248k
Income taxes
€38k▼
2024 · €42k
Staff costs
€435▲
2024 · €212
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€509k€556k▲
Fixed assets21/28€407k€464k▲
Tangible fixed assets22/27€407k€464k▲
Land and buildings22€401k€391k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€2k€70k▲
Current assets29/58€101k€92k▼
Amounts receivable within one year40/41€18k€2k▼
Trade receivables40€18k€2k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€83k€90k▲
Equity and liabilities
Total equity and liabilities10/49€509k€556k▲
Equity10/15€142k€222k▲
Contributions10/11€1k€1k=
Reserves13€141k€221k▲
Distributable reserves133€141k€221k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€366k€334k▼
Amounts payable after more than one year17€248k€231k▼
Financial debts170/4€248k€231k▼
Amounts payable within one year42/48€118k€103k▼
Current portion of amounts payable after more than one year42€16k€17k▲
Trade debts44€7k€7k▲
Suppliers440/4€7k€7k▲
Taxes, remuneration and social security45€74k€51k▼
Taxes450/3€74k€51k▼
Other amounts payable47/48€21k€28k▲
Income statement
Code20242025
Remuneration, social security and pensions62€212€435▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€19k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€152k€150k▼
Operating profit (loss)9901€138k€127k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€128k€117k▼
Income taxes67/77€42k€38k▼
Profit (loss) for the period9904€87k€80k▼
Profit (loss) for the period to be appropriated9905€87k€80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€80k▼
Transfer from equity791/2€0-
Transfer to equity691/2€67k€80k▲
To other reserves6921€67k€80k▲
Profit to be distributed694/7€20k€0▼
Return on contributions (dividend)694€20k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €222k ▲55.8%
6 profitable years in a row build equity to €222k.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €87k ▲3.9%
Operating result €138k, net result €87k, both a record.
31-12
Financial
Equity above €100kEq €142k ▲88.8%
5 profitable years in a row build equity to €142k.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €38k ▼30.7%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €137k ▲67%
2 profitable years in a row build equity to €137k.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Tessenderlo-Ham · 1 establishment unit since 2019
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.
Wijerstraat 123980 Tessenderlo-HamGround area
2,163 m²
Building footprint
175 m²
Volume, LiDAR
973 m³
Parcel 71364D0686/00W004, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HERMANS RACING
since 20192.293.070.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71364D0686/00W004 | Flanders | 2,163 m² | 1 · 175 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 3,866 companies in sector 93199 we hold annual accounts for 602. 394 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-2019
Fiscal year end31-12
Activities, NACEBEL
93199Other sports activities
68201Renting and operating of own or leased residential real estate, excluding social housing
93192Activities of independent sportspeople
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.