HEROLA
ActiveSummary
HEROLA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.45M and a net result of €-5k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 57% of 8093 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability35▼-7
Solvency87▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.63 in 2023; short-term debt: 28.4% and cash: 18.7% of total assets), and 38.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.5%
Return on assets
-0.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
61 d late
2022
31 d late
2021
60 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.45M▼ 0.3%
2023 · €1.46M
2018: €1.26M
2019: €1.38M
2020: €1.46M
2021: €1.60M
2022: €1.45M
2023: €1.46M
2018 → 2024
Total assets
€2.36M▼ 2.8%
2023 · €2.43M
2018: €1.77M
2019: €1.62M
2020: €1.91M
2021: €1.82M
2022: €2.48M
2023: €2.43M
2018 → 2024
Net result
€-5k
2023 · €4k
2018: €106k
2019: €120k
2020: €44k
2021: €141k
2022: €16k
2023: €4k
2018 → 2024
Working capital
€-216k▲ 23.3%
2023 · €-282k
2018: €1.18M
2019: €1.34M
2020: €1.14M
2021: €705k
2022: €-327k
2023: €-282k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.46M-€1.60M▲ 9.7%€1.45M▼ 9.3%€1.46M▲ 0.3%€1.45M▼ 0.3%
Operating result€64k-€190k▲ 197%€33k▼ 82.7%€66k▲ 102%€38k▼ 42.9%
Net result€44k-€141k▲ 218%€16k▼ 88.7%€4k▼ 72.7%€-5k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.36M
Fixed assets
€1.91M ▼ 2.0%
Current assets
€455k ▼ 6.1%
Equity and liabilities €2.36M
Equity
€1.45M ▼ 0.3%
Provisions
€161k ▼ 4.0%
Debt
€747k ▼ 7.1%
Debt's share of the balance-sheet total falls from 33.1% to 31.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€76k▼
2023 · €105k
Cash flow
€34k▼
2023 · €43k
Current ratio
0.68▲
2023 · 0.63
Debt to equity
0.51▼
2023 · 0.55
ROE
-0.3%▼
2023 · 0.3%
ROA
-0.2%▼
2023 · 0.2%
Interest coverage
2.02▼
2023 · 2.78
Debt ≤ 1 year
€671k▼
2023 · €767k
Income taxes
€11k▼
2023 · €54k
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.43M€2.36M▼
Fixed assets21/28€1.94M€1.91M▼
Tangible fixed assets22/27€1.02M€985k▼
Land and buildings22€1.01M€977k▼
Furniture and vehicles24€14k€8k▼
Financial fixed assets28€920k€920k=
Current assets29/58€485k€455k▼
Amounts receivable within one year40/41€10k€8k▼
Trade receivables40€10k-
Other amounts receivable41-€8k
Cash at bank and in hand54/58€474k€441k▼
Deferred charges and accrued income490/1€1k€6k▲
Equity and liabilities
Total equity and liabilities10/49€2.43M€2.36M▼
Equity10/15€1.46M€1.45M▼
Contributions10/11€271k€271k=
Capital10€271k€271k=
Issued capital100€271k€271k=
Reserves13€1.18M€1.18M▼
Non-distributable reserves130/1€27k€27k=
Legal reserve130€27k€27k=
Tax-exempt reserves132€503k€483k▼
Distributable reserves133€655k€670k▲
Provisions and deferred taxes16€168k€161k▼
Deferred taxes168€168k€161k▼
Amounts payable17/49€804k€747k▼
Amounts payable within one year42/48€767k€671k▼
Trade debts44€866-
Suppliers440/4€866-
Taxes, remuneration and social security45€43k€1k▼
Taxes450/3€43k€1k▼
Other amounts payable47/48€722k€670k▼
Accrued charges and deferred income492/3€38k€76k▲
Income statement
Code20232024
Non-recurring operating income76A€5k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€38k=
Other operating charges640/8€11k€12k▲
Gross operating margin9900€116k€89k▼
Operating profit (loss)9901€66k€38k▼
Financial charges65/66B€38k€38k=
Recurring financial charges65€38k€38k=
Profit (loss) for the period before taxes9903€29k€99▼
Transfer from deferred taxes780€30k€7k▼
Income taxes67/77€54k€11k▼
Profit (loss) for the period9904€4k€-5k▼
Transfer from tax-exempt reserves789€90k€20k▼
Profit (loss) for the period to be appropriated9905€94k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€94k€16k▼
Transfer to equity691/2€94k€16k▼
To other reserves6921€94k€16k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-5k ▼204%
Net result drops to €-5k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Highest result since 2018net €141k ▲218%
Operating result €190k, net result €141k, both a record.
31-12
Financial
Liquidity times 12current ratio 63.08
Current ratio from 5.09 to 63.08; short-term debt falls from €278k to €11k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Liquidity times 13current ratio 58.20
Current ratio from 4.66 to 58.20; short-term debt falls from €322k to €23k.
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 85 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Genk · 1 establishment unit since 1992
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.
De Hutten 423600 GenkGround area
2,544 m²
Building footprint
198 m²
Volume, LiDAR
971 m³
Parcel 71305F1344/00M050, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Hutten 42, 3600 Genk
since 19922.056.150.471
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71305F1344/00M050 | Flanders | 2,544 m² | 1 · 198 m² | 6.9 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
Prime Management
BE 0780.878.803
Brasschaat · Eq €1,451,694
Nesch Invest
BE 0828.241.527
Sint-Gillis (bij-Brussel) · Eq €1,451,479
J Äto
BE 0459.857.994
Gent · Eq €1,451,389
HOLGERSSON CONSULT
BE 0844.041.837
Wavre · Eq €1,451,296
BOKETI
BE 0866.050.048
Ukkel · Eq €1,452,257
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 23,721 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 formPublic limited company
Founded07-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.