HERPAIN

Active

Public limited companyfounded 199432 yrs activeBeeldhouwerslaan 43, 1180 Ukkel, BelgiumKBO/BCE: BE 0452.131.252

Summary

HERPAIN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37.0m and a net result of €905,226. Equity is growing by ~2.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch Report Compare

HERPAINActiveChecked score 97/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€2.2mturnover 2025

Equity: €37.0m
Profit: €905,226

Financial health

97 Excellent Checked score 2025

Bankruptcy chance 12 m: < 0.1%

Structure

Largest shareholder: SOMADIN · 34.5%
Holdings: 6

Accounts 30 d early0 of 15 deeds read

Why 97- Liquidity: current ratio 1.72, cash €1.4m+ Size: turnover €2.2m, total assets €48.2m, files consolidated accounts+ Founded in 1994+ Equity €37.0m (76.8% of total assets)Show the evidence

Checked score

Score 2025

97 / 100

Excellent

Probability in this band: under 0.55%

Better than 73% of its sector peers (no NACE code, large)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 100=

equity 76.8% of total assets

Liquidity 54=

short-term debt 2.8% · cash 2.8%

Profitability 74-3

return on assets 1.9%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%● 0.0% vs 12-2024 02-2025: < 0.1%● 0.0% vs 01-2025 03-2025: < 0.1%● 0.0% vs 02-2025 04-2025: < 0.1%▼ -2.3% vs 03-2025 05-2025: < 0.1%● 0.0% vs 04-2025 06-2025: < 0.1%▼ -2.3% vs 05-2025lowest value 07-2025: 0.1%▲ +31.0% vs 06-2025 08-2025: 0.1%▲ +90.9% vs 07-2025highest value 09-2025: < 0.1%▼ -55.2% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%● 0.0% vs 12-2025 02-2026: < 0.1%▼ -2.1% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%▲ +4.3% vs 06-2026 08-2026: < 0.1%● 0.0% vs 07-2026 09-2026: < 0.1%● 0.0% vs 08-2026 10-2026: < 0.1%● 0.0% vs 09-2026

Size: turnover €2.2m, total assets €48.2m, files consolidated accounts lowers the probability for this profile
Founded in 1994 lowers the probability for this profile
Equity €37.0m (76.8% of total assets) lowers the probability
Liquidity: current ratio 1.72, cash €1.4m raises the probability

Credit up to €210,000 at 30 days acceptable

Liquidity ample (current ratio 1.72 against 1.89 in 2024; short-term debt: 2.8% and cash: 2.8% of total assets), and 23.2% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, large). Better than this share of them on solvency 67%, liquidity 84%, profitability 91%, growth against the median 49%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Size: turnover €2.2m, total assets €48.2m, files consolidated accounts

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Founded in 1994

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Equity €37.0m (76.8% of total assets)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Liquidity: current ratio 1.72, cash €1.4m

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

30 d early

2024

7 d late

2023

21 d early

2022

27 d early

2021

24 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 5 accounts on average 19 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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. Usually files around 7 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

03-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage