HERSTAL DISCOUNT
ActiveHERSTAL DISCOUNT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-416k) and a net result of €-48k. Equity is shrinking by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 6592 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-42
Solvency35▼-1
Growth32=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.64 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-12.6%
Return on assets
-1.5%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
1819202122232425
2018 to 2025 · latest year -€416k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 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
40 d late
2024
153 d late
2023
29 d late
2022
on the day
2021
19 d late
2020
12 d late
2019
24 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€7.30M
EBIT margin
2.3%
Net result
€-48k▲ 91.2%
2024 · €-548k
2018: €122k
2019: €58k
2020: €5k
2021: €178k
2022: €-576k
2023: €-411k
2024: €-548k
2018 → 2025
Working capital
€-802k▼ 26.0%
2024 · €-636k
2018: €964k
2019: €792k
2020: €901k
2021: €1.04M
2022: €605k
2023: €209k
2024: €-636k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.17M-€592k▼ 49.3%€181k▼ 69.5%€-368k€-416k▼ 13.1%
Operating result€240k-€-574k€-420k▲ 26.8%€-529k▼ 25.9%€86k
Net result€178k-€-576k€-411k▲ 28.5%€-548k▼ 33.3%€-48k▲ 91.2%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €86k after a loss of €529k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.28M
Fixed assets
€2.10M▼ 11.1%
Current assets
€1.18M▲ 6.4%
Key figures and ratios
EBITDA
€392k▲
2024 · €-349k
Cash flow
€258k▲
2024 · €-369k
Solvency
-12.6%▼
2024 · -10.6%
Current ratio
0.60▼
2024 · 0.64
Quick ratio
0.39▼
2024 · 0.41
Debt / equity
-8.92▲
2024 · -10.44
ROE
11.6%▼
2024 · 149.1%
ROA
-1.5%▲
2024 · -15.8%
Interest coverage
3.33▲
2024 · -13.33
Debt
€3.71M▼
2024 · €3.84M
Debt ≤ 1 year
€1.98M▲
2024 · €1.75M
Debt > 1 year
€1.72M▼
2024 · €2.07M
Income taxes
€549▲
2024 · €27
Staff costs
€777k▲
2024 · €462k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.47M€3.30M▼
Formation expenses20€1k€18k▲
Fixed assets21/28€2.36M€2.10M▼
Tangible fixed assets22/27€2.30M€2.04M▼
Land and buildings22€672k€597k▼
Plant, machinery and equipment23€1.26M€1.15M▼
Furniture and vehicles24€341k€273k▼
Other tangible fixed assets26€30k€20k▼
Financial fixed assets28€57k€57k=
Current assets29/58€1.11M€1.18M▲
Stocks and contracts in progress3€400k€416k▲
Stocks30/36€400k€416k▲
Amounts receivable within one year40/41€298k€340k▲
Trade receivables40€195k€150k▼
Other amounts receivable41€103k€190k▲
Cash at bank and in hand54/58€408k€272k▼
Deferred charges and accrued income490/1€4k€153k▲
Equity and liabilities
Total equity and liabilities10/49€3.47M€3.30M▼
Equity10/15€-368k€-416k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€281k€281k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€271k€271k=
Profit (loss) carried forward14€-749k€-797k▼
Amounts payable17/49€3.84M€3.71M▼
Amounts payable after more than one year17€2.07M€1.72M▼
Financial debts170/4€2.07M€1.72M▼
Amounts payable within one year42/48€1.75M€1.98M▲
Current portion of amounts payable after more than one year42€160k€704k▲
Trade debts44€1.22M€1.09M▼
Suppliers440/4€1.22M€1.09M▼
Taxes, remuneration and social security45€59k€118k▲
Taxes450/3€19k€576▼
Remuneration and social security454/9€41k€118k▲
Other amounts payable47/48€309k€70k▼
Accrued charges and deferred income492/3€20k€8k▼
Income statement
Code20242025
Non-recurring operating income76A€135k€325k▲
Remuneration, social security and pensions62€462k€777k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€180k€306k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-3k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-688-
Other operating charges640/8€52k€42k▼
Non-recurring operating charges66A€3k€400▼
Gross operating margin9900€164k€1.21M▲
Operating profit (loss)9901€-529k€86k▲
Financial income75/76B€7k€5k▼
Recurring financial income75€7k€5k▼
Financial charges65/66B€27k€139k▲
Recurring financial charges65€26k€118k▲
Non-recurring financial charges66B€614€21k▲
Profit (loss) for the period before taxes9903€-548k€-48k▲
Income taxes67/77€27€549▲
Profit (loss) for the period9904€-548k€-48k▲
Profit (loss) for the period to be appropriated9905€-548k€-48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-749k€-797k▼
Profit (loss) brought forward from the previous period14P€-200k€-749k▼
Social balance
Average headcount (FTE)908711.022.7▲
The notes to these accounts (10 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
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 40 days late
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 153 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-576k ▼423%
Net result drops to €-576k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
31-12
Financial
Highest result since 2018net €178k ▲3832%
Operating result €240k, net result €178k, both a record.
31-12
Financial
Equity above €1MEq €1.17M ▲18%
4 profitable years in a row build equity to €1.17M.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 24 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 directors, last change in 2024
PLAIRE Andy Michel Gérald Ghislain
CurrentDirector (executive) · since 19-08-2024
PLAIRE Philippe Michel Jean Marie
CurrentDirector (executive) · since 19-08-2024
Andy PLAIRE
CurrentDirector (executive) · since 04-06-2024
Philippe PLAIRE
CurrentDirector (executive) · since 04-06-2024
19-08-2024
PLAIRE Andy Michel Gérald Ghislain: Resigned as Director (executive)
19-08-2024
PLAIRE Andy Michel Gérald Ghislain: Appointed as Director (executive)
19-08-2024
PLAIRE Philippe Michel Jean Marie: Resigned as Director (executive)
19-08-2024
PLAIRE Philippe Michel Jean Marie: Appointed as Director (executive)
04-06-2024
Andy PLAIRE: Appointed as Director (executive)
04-06-2024
Philippe PLAIRE: Appointed as Director (executive)
04-06-2024
METIS: Resigned as Director (executive)
Not every act has been read: a resignation may be missing here
12 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2004
Ground area
273 m²
Building footprint
40 m²
Volume, LiDAR
315 m³
Parcel 62051D1737/00G002, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Intermarché Herstal
since 20042.177.500.540
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62051D1737/00G002 | Wallonia | 273 m² | 1 · 40 m² | 10.0 m · 3 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.
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Of 10,407 companies in sector 47110 we hold annual accounts for 5,786. 4,280 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-12-2003
Fiscal year end31-12
Abbreviation FR
HD
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
47114Supermarkets
52113
52114
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.