HERMATH
ActiveSummary
HERMATH has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50k and a net result of €51k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency52▼-48
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 4.97 in 2024; short-term debt: 72.5% and cash: 22.3% of total assets), and 72.5% 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 · 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 71
Relative position
BE, all sectors
reference
Sector 71
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
27.5%
Return on assets
27.5%
Age of the figures
9 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 24-03-2026, 129 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
129 d early
2024
71 d early
2023
64 d early
2022
38 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€50k▼ 58.1%
2024 · €120k
2022: €10k
2023: €57k
2024: €120k
2022 → 2025
Total assets
€183k▲ 29.2%
2024 · €142k
2022: €48k
2023: €106k
2024: €142k
2022 → 2025
Net result
€51k▼ 20.7%
2024 · €64k
2022: €7k
2023: €47k
2024: €64k
2022 → 2025
Working capital
€27k▼ 68.6%
2024 · €86k
2022: €-16k
2023: €28k
2024: €86k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€10k-€57k▲ 478%€120k▲ 110%€50k▼ 58.1%
Operating result€10k-€67k▲ 573%€82k▲ 22.2%€65k▼ 20.3%
Net result€7k-€47k▲ 586%€64k▲ 34.4%€51k▼ 20.7%
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 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€23k ▼ 31.0%
Current assets
€160k ▲ 48.0%
Equity and liabilities €183k
Equity
€50k ▼ 58.1%
Debt
€133k ▲ 511%
Debt's share of the balance-sheet total rises from 15.3% to 72.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€75k▼
2024 · €91k
Cash flow
€60k▼
2024 · €73k
Current ratio
1.20▼
2024 · 4.97
Debt to equity
2.64▲
2024 · 0.18
ROE
100.3%▲
2024 · 53.0%
ROA
27.5%▼
2024 · 44.9%
Interest coverage
489.07▼
2024 · 557.41
Debt ≤ 1 year
€133k▲
2024 · €22k
Income taxes
€15k▼
2024 · €18k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€142k€183k▲
Fixed assets21/28€34k€23k▼
Tangible fixed assets22/27€33k€22k▼
Plant, machinery and equipment23€439€289▼
Furniture and vehicles24€32k€21k▼
Other tangible fixed assets26-€663
Financial fixed assets28€1k€1k=
Current assets29/58€108k€160k▲
Amounts receivable within one year40/41€48k€34k▼
Trade receivables40€46k€32k▼
Other amounts receivable41€2k€2k▼
Current investments50/53€34k€74k▲
Cash at bank and in hand54/58€21k€41k▲
Deferred charges and accrued income490/1€5k€11k▲
Equity and liabilities
Total equity and liabilities10/49€142k€183k▲
Equity10/15€120k€50k▼
Contributions10/11€3k€3k=
Reserves13€54k€47k▼
Distributable reserves133€54k€47k▼
Profit (loss) carried forward14€63k-
Amounts payable17/49€22k€133k▲
Amounts payable within one year42/48€22k€133k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45-€10k
Taxes450/3-€10k
Other amounts payable47/48€20k€122k▲
Accrued charges and deferred income492/3-€10
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8-€400
Non-recurring operating charges66A-€811
Gross operating margin9900€91k€76k▼
Operating profit (loss)9901€82k€65k▼
Financial income75/76B€73€92▲
Recurring financial income75€73€92▲
Financial charges65/66B€163€153▼
Recurring financial charges65€163€153▼
Profit (loss) for the period before taxes9903€82k€65k▼
Income taxes67/77€18k€15k▼
Profit (loss) for the period9904€64k€51k▼
Profit (loss) for the period to be appropriated9905€64k€51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€64k€113k▲
Profit (loss) brought forward from the previous period14P-€63k
Transfer from equity791/2-€7k
Profit to be distributed694/7€833€120k▲
Return on contributions (dividend)694€833€120k▲
The notes to these accounts (8 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
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €64k ▲34.4%
Operating result €82k, net result €64k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.97
Current ratio from 1.57 to 4.97; short-term debt falls from €49k to €22k.
31-12
Financial
Equity above €100kEq €120k ▲110%
3 profitable years in a row build equity to €120k.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 1.57
Current ratio from 0.59 to 1.57.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Rixensart · 1 establishment unit since 2022
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.
Avenue de la Faisanderie 131332 RixensartGround area
546 m²
Building footprint
107 m²
Volume, LiDAR
744 m³
Parcel 25033A0078/00H000, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HERMATH
since 20222.333.831.480
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033A0078/00H000 | Wallonia | 546 m² | 1 · 107 m² | 9.1 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.
Similar companies · same sector, comparable size
BUREAU D'ETUDES HORIZON - ENGINEERING
BE 0763.662.489
Chapelle-lez-Herlaimont · Eq €50,387
J & V CONSULTING
BE 0468.092.603
Nazareth-De Pinte · Eq €50,425
BRIZA
BE 0679.757.192
Sint-Gillis-Waas · Eq €50,436
INSIDE-INSIGHT
BE 0860.985.064
Brugge · Eq €50,440
COM-ING SERVICES
BE 0458.518.208
Ecaussinnes · Eq €50,304
Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 4,893 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
33110Repair and maintenance of fabricated metal products
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
74999Other professional, scientific and technical activities
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.hermath.be
E-mail:mathieu@hermath.be