Losses
-€164,941 in five years
Every financial year from 2019 to 2025 closed with a loss. 2019 was the heaviest.
HERMIBOUW
Lifetime
17 annual accounts with figures on one time axis, 35 filings since 1988peak €668,365 (2015)
€1,289
lowest -€214,388 (2008)
-€2,895
peak €651,863 (2018)
€479,309
€379,633
peak 1.8 FTE (2006)
-not published
Board3 names since 2021
3 directorsHome and 2 others
Owners2 names in the annual accounts
Documentsfilings and deeds
29-04-20261 day before the deadline
2025micro format
Loss of €2,895No figures for the year before
Key points
from the 2025 annual accountsChecked score
68
Healthy
Financially stronger than 41% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.6%
01-2025: 3.3%▼ -0.3 percentage points vs 12-2024
02-2025: 3.3%● unchanged vs 01-2025
03-2025: 3.3%● unchanged vs 02-2025
04-2025: 3.3%● unchanged vs 03-2025
05-2025: 4.8%▲ +1.5 percentage points vs 04-2025
06-2025: 4.8%● unchanged vs 05-2025
07-2025: 4.8%● unchanged vs 06-2025
08-2025: 4.8%● unchanged vs 07-2025
09-2025: 4.8%● unchanged vs 08-2025
10-2025: 4.8%● unchanged vs 09-2025
11-2025: 4.8%● unchanged vs 10-2025
12-2025: 4.8%● unchanged vs 11-2025
01-2026: 4.8%● unchanged vs 12-2025
02-2026: 4.8%● unchanged vs 01-2026
03-2026: 4.8%● unchanged vs 02-2026
04-2026: 5.5%▲ +0.7 percentage points vs 03-2026highest value
05-2026: 5.1%▼ -0.4 percentage points vs 04-2026
06-2026: 0.4%▼ -4.7 percentage points vs 05-2026lowest value
07-2026: 0.4%● unchanged vs 06-2026lowest value
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.8%▲ +0.4 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 2.15, cash €437
1 of the last 3 accounts late
Ex-officio strike-off in the KBO
lowers risk
Founded in 1987
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 68, micro). It does better than 68% of them on solvency, 22% on liquidity and 32% on profitability.
The bankruptcy probability was computed on 08-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 8,617 companies had the same profile as HERMIBOUW has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HERMIBOUW itself is higher: 0.8% within 12 months. It rests on far more data about HERMIBOUW than the profile alone.
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 8,617 companies, not a prediction for HERMIBOUW. 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
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.15 (2.46 in 2022), above the usual 1.5. Short-term debt is 44.1% and cash 0.1% of total assets. 44.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2022
33 days early
2021
222 days late
2020
33 days late
2019
124 days late
2018
153 days late
2017
3 days early
← 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 71 days after the deadline. In the sector (NACE 68), the median for financial year 2022 was 5 days before the deadline, and 39% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Searched, nothing found (1)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 2 June (4 of the last 5 accounts filed within 92 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Board and ownership
- HOME 50%bankrupt since 21-05-2026equity -€114,199 (2023) · 2023 annual accounts of HOME
Recent changes
Address struck
Brugstraat 71 3740 L’adresse du siège Brugstraat 71 3740 Bilzen- Brugstraat 71, 3740 Bilzen-
Bilzen-Hoeselt werd doorgehaald met ingang Hoeselt · effective 09-07-2026 · KBO administration
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0431571113
New establishment in Ypres
TM Hermibouw - Yunus Belgium Invest, Ter Waarde 50
2 directors appointed
HOUBAER Florent (managing director and chair of the board) and HOME · Permanent representative: HOUBAER Florent · General meeting of 30-04-2021 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as HERMIBOUW: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €702,000 and €930,000, founded between 1985 and 1991.
Official details
Source: KBO- Status
- Active since 02-07-1987Normal situation
- Legal form
- Public limited company
- Activity
- Development of residential building projectsNACE 68121
- Establishment units
- 2.029.764.0953500 Hasselt, since 03-08-1987
- 2.386.209.4038900 Ypres, since 02-03-2026
- Financial year end
- 30 September
- Peppol
- Reachable since 06-03-2026
Annual accounts to 30-09-2025
- €858,942
- Filing
- Filed on 29-04-2026, 1 day before the end of the filing period
Insights on HERMIBOUW
HERMIBOUW files the micro format. That format states no turnover. The gross margin rose from -€29,725 in 2006 to €1,289 in 2025.
In September 2024, the Official Gazette published the appointment of HOUBAER Florent as managing director.
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 HERMIBOUW
- What is the company number of HERMIBOUW?
- The company number of HERMIBOUW is 0431.571.113. The VAT number is the same number with BE in front: BE 0431.571.113.
- What does HERMIBOUW do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of HERMIBOUW?
- HERMIBOUW is a public limited company (NV).
- When was HERMIBOUW founded?
- HERMIBOUW was founded on 02-07-1987.
- Is HERMIBOUW still active?
- Yes, HERMIBOUW is an active enterprise in the KBO register.Company details
- What is the turnover of HERMIBOUW?
- The turnover in financial year 2025 is ≈ €5,400. This figure is estimated from the gross margin of €1,289 and 48 comparable companies (NACE 68121). It probably lies between €2,600 and €17,000. It is a rough estimate.Financials
- Is HERMIBOUW profitable?
- In financial year 2025, HERMIBOUW made a loss of €2,895.
- Where can I find the annual accounts of HERMIBOUW?
- HERMIBOUW filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HERMIBOUW due?
- HERMIBOUW must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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