HEROFRE
The computed 12-month bankruptcy probability of HEROFRE is 1.5% (moderate). The 2025 annual accounts show equity of €25k and a net result of €-59k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 779 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €25k |
| Net result | €-59k |
| Staff (FTE) | 16.2 |
| Better than sector | 27% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 6.9% | 30.3% | |
| Net result | €-59k | €11k | |
| Equity | €25k | €114k | |
| Gross operating margin | €838k | €369k | |
| Staff costs | €809k | €422k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €10k | €80k | €170k | €185k |
| Net profit | €-59k | €-25k | €71k | €86k |
| Cash flow | €-4k | €59k | €156k | €174k |
| Staff costs | €809k | €884k | €783k | €656k |
| Income taxes | €6 | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €364k | €391k | €521k | €546k |
| Equity | €25k | €84k | €108k | €37k |
| Debt | €339k | €308k | €413k | €508k |
| of which ≤ 1y | €283k | €214k | €282k | €299k |
| of which > 1y | €56k | €94k | €131k | €187k |
| Working capital | €-47k | €589 | €-6k | €-65k |
| Employees (FTE) | 16.2 | 27.8 | 25.7 | 18.3 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.83 | 1.00 | 0.98 | 0.78 |
| Quick ratio | 0.62 | 0.72 | 0.86 | 0.65 |
| Working capital ratio | -13.0% | 0.2% | -1.2% | -12.0% |
| Solvency | 6.9% | 21.4% | 20.8% | 6.9% |
| Debt / equity | 13.58 | 3.67 | 3.81 | 13.57 |
| Long-term debt ratio | 2.24 | 1.12 | 1.21 | 5.01 |
| Interest coverage | 0.56 | 3.77 | 12.03 | 14.77 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -16.1% | -6.3% | 13.6% | 15.8% |
| ROE | -235.2% | -29.5% | 65.5% | 229.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €364k | €391k | €521k | €546k |
| Fixed assets | 21/28 | €128k | €177k | €245k | €312k |
| Intangible fixed assets | 21 | €6k | €10k | €15k | €21k |
| Tangible fixed assets | 22/27 | €123k | €167k | €230k | €291k |
| Current assets | 29/58 | €236k | €214k | €276k | €233k |
| Stocks & contracts in progress | 3 | €60k | €59k | €33k | €40k |
| Amounts receivable within one year | 40/41 | €56k | €74k | €100k | €49k |
| Cash & bank | 54/58 | €114k | €78k | €139k | €139k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €364k | €391k | €521k | €546k |
| Equity | 10/15 | €25k | €84k | €108k | €37k |
| Contributions / capital | 10/11 | €106k | €106k | €106k | €106k |
| Reserves | 13 | €60k | €60k | €60k | €60k |
| Accumulated profits (losses) | 14 | €-141k | €-82k | €-57k | €-128k |
| Amounts payable | 17/49 | €339k | €308k | €413k | €508k |
| Amounts payable after one year | 17 | €56k | €94k | €131k | €187k |
| Amounts payable within one year | 42/48 | €283k | €214k | €282k | €299k |
| Trade debts payable within one year | 44 | €116k | €138k | €138k | €111k |
| Income statement | |||||
| Gross operating margin | 9900 | €838k | €973k | €960k | €863k |
| Operating result | 9901 | €-45k | €-4k | €85k | €96k |
| Financial income | 75 | €5k | €13 | €22 | €2k |
| Financial charges | 65 | €18k | €21k | €14k | €12k |
| Result before taxes | 9903 | €-59k | €-25k | €71k | €86k |
| Income taxes | 67/77 | €6 | - | - | - |
| Net result for the period | 9904 | €-59k | €-25k | €71k | €86k |
| Result to be appropriated | 9905 | €-59k | €-25k | €71k | €86k |
-
Current01-01-2026 → present
3 events
- 01-01-2026 Appointed· Director
- 01-01-2026 Appointed· Gedelegeerd bestuurder, belast met het dagelijks bestuur en de vertegenwoordiging
- 31-12-2025 Resigned· Director
| NACE primary | Cafés and bars(56301) |
| Legal form | Public limited company(014) |
| Incorporation | 16-07-2001 |
| Status | Active |
| Postal code | 3000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0857/00F000 | Flanders | 348 m² | 1 · 509 m² | 12.2 m · 3 fl. |
| 24502B0884/00W000 | Flanders | 197 m² | 1 · 139 m² | 20.9 m · 4 fl. |
30-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Director resignation8 facts ▸
- General meeting, 31/12/2025
- Director appointment, Erica Vanderwegen (bestuurder)
- Director appointment, Erica Vanderwegen (gedelegeerd bestuurder, belast met het dagelijks bestuur en de vertegenwoordiging)
- Director appointment, LIMA (bestuurder)
- Director resignation, Erica Vanderwegen (bestuurder)
- Director resignation, LIMA (bestuurder)
- Director discharge, Erica Vanderwegen
- Director discharge, LIMA
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
30-07-2026 Act object · General meeting · Officer appointment · Officer resignation
- Act object: ONTSLAGEN, BENOEMINGEN · HEROFRE
- Publication: 30/07/2026 · HEROFRE
- Filing: 28-07-2026 · HEROFRE
- General meeting: 31/12/2025 · HEROFRE
- Officer appointment: role: bestuurder, term: 6 jaar, start_date: 2026-01-01 · Erica Vanderwegen
- Officer appointment: role: gedelegeerd bestuurder, belast met het dagelijks bestuur en de vertegenwoordiging, start_date: 2026-01-01 · Erica Vanderwegen
- Officer appointment: role: bestuurder, term: 6 jaar, start_date: 2026-01-01 · LIMA
- Officer resignation: role: bestuurder, end_date: 2025-12-31 · Erica Vanderwegen
- Officer resignation: role: bestuurder, end_date: 2025-12-31 · LIMA
- Officer discharge · Erica Vanderwegen
- Officer discharge · LIMA
- Filing representative · Ladang Miguel
Technical details
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}| Legal nameNL | HEROFRE |