HERPAL
ActiveSummary
HERPAL has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119k and a net result of €18k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 3121 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-4
Solvency91▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.78 in 2024; short-term debt: 28.9% and cash: 21.7% of total assets), and 33.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
3 d early
2023
79 d late
2022
39 d early
2021
276 d late
2020
1 d early
2019
21 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€119k▲ 17.4%
2024 · €102k
2019: €44k
2020: €48k
2021: €48k
2022: €54k
2023: €79k
2024: €102k
2019 → 2025
Total assets
€180k▲ 1.1%
2024 · €178k
2019: €178k
2020: €186k
2021: €176k
2022: €165k
2023: €177k
2024: €178k
2019 → 2025
Net result
€18k▼ 23.0%
2024 · €23k
2019: €2k
2020: €4k
2021: €-124
2022: €6k
2023: €25k
2024: €23k
2019 → 2025
Working capital
€-7k▲ 47.6%
2024 · €-13k
2019: €-54k
2020: €-50k
2021: €-49k
2022: €-47k
2023: €-28k
2024: €-13k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€54k▲ 11.5%€79k▲ 46.5%€102k▲ 29.3%€119k▲ 17.4%
Operating result€1k-€7k▲ 401%€26k▲ 295%€24k▼ 7.8%€21k▼ 10.7%
Net result€-124-€6k€25k▲ 352%€23k▼ 7.7%€18k▼ 23.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180k
Fixed assets
€135k ▲ 0.7%
Current assets
€45k ▲ 2.2%
Equity and liabilities €180k
Equity
€119k ▲ 17.4%
Debt
€61k ▼ 20.7%
Debt's share of the balance-sheet total falls from 42.9% to 33.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2024 · €27k
Cash flow
€21k▼
2024 · €27k
Current ratio
0.87▲
2024 · 0.78
Debt to equity
0.51▼
2024 · 0.75
ROE
14.9%▼
2024 · 22.7%
ROA
9.9%▼
2024 · 12.9%
Interest coverage
6.78▼
2024 · 36.80
Debt ≤ 1 year
€52k▼
2024 · €57k
Debt > 1 year
€8k▼
2024 · €19k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€178k€180k▲
Fixed assets21/28€134k€135k▲
Tangible fixed assets22/27€134k€135k▲
Land and buildings22€127k€127k▼
Plant, machinery and equipment23€2k€5k▲
Furniture and vehicles24€5k€2k▼
Current assets29/58€44k€45k▲
Amounts receivable within one year40/41€5k€6k▲
Trade receivables40€4k€6k▲
Other amounts receivable41€615€372▼
Cash at bank and in hand54/58€39k€39k▲
Deferred charges and accrued income490/1€969€146▼
Equity and liabilities
Total equity and liabilities10/49€178k€180k▲
Equity10/15€102k€119k▲
Contributions10/11€165k€165k=
Reserves13€19k€19k=
Non-distributable reserves130/1€955€955=
Reserves not available under the articles1311€955€955=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14€-82k€-64k▲
Amounts payable17/49€76k€61k▼
Amounts payable after more than one year17€19k€8k▼
Financial debts170/4€19k€8k▼
Amounts payable within one year42/48€57k€52k▼
Current portion of amounts payable after more than one year42€11k€11k▲
Trade debts44€6k€5k▼
Suppliers440/4€6k€5k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€40k€36k▼
Accrued charges and deferred income492/3-€240
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€3k€0▼
Gross operating margin9900€33k€28k▼
Operating profit (loss)9901€24k€21k▼
Financial income75/76B€5€133▲
Recurring financial income75€5€133▲
Financial charges65/66B€740€4k▲
Recurring financial charges65€740€4k▲
Profit (loss) for the period before taxes9903€23k€18k▼
Profit (loss) for the period9904€23k€18k▼
Profit (loss) for the period to be appropriated9905€23k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-82k€-64k▲
Profit (loss) brought forward from the previous period14P€-105k€-82k▲
The notes to these accounts (7 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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €100kEq €102k ▲29.3%
3 profitable years in a row build equity to €102k.
18-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 79 days late
2023
31-03
Financial
Highest result since 2019net €25k ▲352%
Operating result €26k, net result €25k, both a record.
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 276 days late
31-03
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
2021
31-03
Financial
Weakest financial yearnet €-124 ▼103%
Net result drops to €-124, the lowest in the series; recovery starts the following year.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
09-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1993
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.
Laarstraat 1152070 Beveren-Kruibeke-ZwijndrechtGround area
894 m²
Building footprint
670 m²
Volume, LiDAR
3,390 m³
2 parcels, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HERPAL BVBA
since 19932.062.074.302
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13037H0131/00B000 | Flanders | 495 m² | 1 · 270 m² | 8.9 m · 1 fl. |
| 11056B0704/00F003 | Flanders | 399 m² | 1 · 399 m² | 9.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
DOLPHENS
BE 0872.637.041
Mont-Saint-Guibert · Eq €116,912
MULLIE
BE 0430.188.466
Roeselare · Eq €125,655
OVERIS
BE 0877.090.925
Peer · Eq €125,829
SCHEERLINCK - COBBAERT
BE 0429.538.665
Jabbeke · Eq €126,276
GEBROEDERS DEJAEGERE
BE 0424.103.202
Kortemark · Eq €129,627
Of 902 companies in sector 01461 we hold annual accounts for 295. 221 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
Founded07-04-1993
Fiscal year end31-03
Activities, NACEBEL 2025
01461Pig breeding farms
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.