Active BE 0800.929.097Private limited company

HERST

Tweehuizenweg 69 ·1200 Sint-Lambrechts-Woluwe, Belgium· 3 yrs active

Sector: General construction of residential buildings (41001)

Conclusion Checked

The computed 12-month bankruptcy probability of HERST is 5.0% (elevated). The 2024 annual accounts show equity of €16k and a net result of €3k. Its solvency ranks better than 30% of 3845 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€16k
Net result	€3k
Staff (FTE)	1
Better than sector	30%

Financial profile 5 of 5 axes measured · computed by Checked

62 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 48

Profitability 89

Solvency 29

Growth 52

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

5.0% Elevated

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

48 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 06-06-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	22.0%	39.5%	better than 30% of 3845 sector peers
Net result	€3k	€9k	better than 33% of 3840 sector peers
Equity	€16k	€29k	better than 35% of 3850 sector peers
Gross operating margin	€33k	€26k	better than 56% of 3837 sector peers
Staff costs	€15k	€16k	higher than 49% of 1129 sector peers

EBITDA

€16k

+6.8% 23-24

Net profit

€3k

-74.5% 23-24

Cash flow

€12k

+5.2% 23-24

Total assets

€72k

+280.4% 23-24

Equity

€16k

+21.6% 23-24

Working capital

€-3k

- 23-24

Employees (FTE)

1

- 23-24

Staff costs

€15k

- 23-24

Income taxes

€2k

-52.9% 23-24

Debt

€56k

+851.4% 23-24

Debt ≤ 1y

€47k

+702.2% 23-24

Debt > 1y

€9k

- 23-24

Current ratio

0.94

-68.4% 23-24

Quick ratio

0.94

-68.4% 23-24

Solvency

22.0%

-68.0% 23-24

Debt / equity

3.55

+682.5% 23-24

ROE

17.8%

-79.0% 23-24

ROA

3.9%

-93.3% 23-24

Interest coverage

5.94

-93.2% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro schema
Revenue	-
EBITDA	€16k
Net profit	€3k
Cash flow	€12k
Staff costs	€15k
Income taxes	€2k
Dividends	-
Total assets	€72k
Equity	€16k
Debt	€56k
of which ≤ 1y	€47k
of which > 1y	€9k
Working capital	€-3k
Employees (FTE)	1.0

Ratios (computed)

	2024
Current ratio	0.94
Quick ratio	0.94
Working capital ratio	-4.0%
Solvency	22.0%
Debt / equity	3.55
Long-term debt ratio	0.56
Interest coverage	5.94
Gross margin	-
Net margin	-
ROA	3.9%
ROE	17.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Balance-sheet composition 2024

Assets

Fixed assets €27k · 38.2% Current assets €44k · 61.8%

Equity & liabilities

Equity €16k · 22.0% Debt €56k · 78.0%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€72k
Fixed assets	21/28	€27k
Tangible fixed assets	22/27	€27k
Current assets	29/58	€44k
Amounts receivable within one year	40/41	€41k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€72k
Equity	10/15	€16k
Contributions / capital	10/11	€2k
Accumulated profits (losses)	14	€14k
Amounts payable	17/49	€56k
Amounts payable after one year	17	€9k
Amounts payable within one year	42/48	€47k
Trade debts payable within one year	44	€14k
Income statement
Gross operating margin	9900	€33k
Operating result	9901	€7k
Financial income	75	€2
Financial charges	65	€3k
Result before taxes	9903	€5k
Income taxes	67/77	€2k
Net result for the period	9904	€3k
Result to be appropriated	9905	€3k

Legal Structure

NACE primary	General construction of residential buildings(41001)
Legal form	Private limited company(610)
Incorporation	19-04-2023
Status	Active
Postal code	1200

Establishment units 1 location

HERST

Tweehuizenweg 69, 1200 Sint-Lambrechts-WoluweGeneral construction of buildings

since 20232.344.582.347

Real-estate footprint Source: CBE × cadastre

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21018A0220/00G000	Brussels	3.5 ha	1 · 619 m²	31.0 m · 9 fl.

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.

Updates 2 events

All 2Filings 2

2025

06-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

19-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 19 days late

NBB filing

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General construction of residential buildings41001Construction of residential and non-residential buildings41002General construction of other non-residential buildings41003Demolition43110Site preparation43120

Names & trade names

Legal nameNL

HERST

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