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HERTECANT FLANGES

Active
Public limited companyfounded 199927 yrs activeLossing 22, 2260 Westerlo, BelgiumKBO/BCE: BE 0466.169.726
Summary

HERTECANT FLANGES has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.4m and a net result of €2.3m. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 124 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

What they do
Manufacture of basic metals
NACE 24200
#7 company by equity in Westerlo, Manufacturing sector1 site
How big
€11.8mturnover 2025
Staff
44.3 FTE
Equity
€15.4m
Profit
€2.3m
Financially healthy?
86 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Who decides
Parent
Flange International · 100%
Accounts 21 d early0 of 18 deeds read
Why 86- Higher-failure-rate sector+ Annual accounts: healthy financial profile+ Long track record+ Lower-risk legal formLatest accounts filed on timeShow the evidence

Checked score

Score 2025
Axes · tick = 2024
Profitability90▼-2
Solvency100=
Growth66▼-3
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,150,000 at 30 days acceptable
Liquidity ample (current ratio 8.21 against 4.42 in 2024; short-term debt: 9.8% and cash: 11.9% of total assets), and 12% of the assets are financed with debt.
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
88%
Return on assets
12.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 27 years 0 30 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 24
Relative position
BE, all sectors
reference
Manufacture of basic metals (NACE 24)
about 47% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 d early
2024
57 d early
2023
12 d early
2022
11 d early
2021
12 d early
2020
76 d late
2019
21 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 19 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Annual accounts filedfiscal year 2023 · full…

Financials

Fiscal year 2025Turnover €11.8mProfit €2.3mSolvency 88.0%Liquidity 8.21
Turnover
€11.8m▼ 10.8%
2018 - 2025
Net result
€2.3m▼ 13.1%
2018 - 2025
Equity
€15.4m▲ 17.2%
2018 - 2025
Staff (FTE)
44.3▼ 0.4%
2018 - 2025

Financials · fiscal year 2025, full schema

Trend over the years8 fiscal years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 24, Manufacture of basic metals, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€10.5m▲ 1.8%€14.8m▲ 41.2%€15.2m▲ 2.4%€13.3m▼ 12.5%€11.8m▼ 10.8%
Operating result€2.3m▲ 28.0%€4.9m▲ 109%€5.3m▲ 9.4%€3.1m▼ 41.2%€2.7m▼ 14.0%
Net result€1.8mwithin the sector's middle half▲ 26.8%€3.8mabove the sector's middle half▲ 112%€4.1mabove the sector's middle half▲ 7.6%€2.6mabove the sector's middle half▼ 36.7%€2.3mabove the sector's middle half▼ 13.1%
EBIT margin22.1%▲ 4.5pp32.8%▲ 10.6pp35.0%▲ 2.2pp23.6%▼ 11.5pp22.7%▼ 0.9pp
Equity€5.9mwithin the sector's middle half▼ 4.8%€9.8mwithin the sector's middle half▲ 64.3%€10.5mwithin the sector's middle half▲ 7.9%€13.1mwithin the sector's middle half▲ 24.7%€15.4mwithin the sector's middle half▲ 17.2%
Total assets€10.0mwithin the sector's middle half▼ 0.7%€14.6mwithin the sector's middle half▲ 46.1%€14.2mwithin the sector's middle half▼ 2.7%€16.4mwithin the sector's middle half▲ 15.4%€17.5mwithin the sector's middle half▲ 6.4%
Debt€4.1m▲ 6.1%€4.7m▲ 15.3%€3.7m▼ 20.7%€3.3m▼ 11.1%€2.1m▼ 36.6%
Working capital€4.8mwithin the sector's middle half▼ 3.9%€8.8mwithin the sector's middle half▲ 82.9%€7.7mwithin the sector's middle half▼ 12.8%€10.1mabove the sector's middle half▲ 30.9%€12.4mabove the sector's middle half▲ 22.8%
Solvency59.3%within the sector's middle half▼ 2.6pp66.7%above the sector's middle half▲ 7.4pp73.9%above the sector's middle half▲ 7.2pp79.9%above the sector's middle half▲ 6.0pp88.0%above the sector's middle half▲ 8.1pp
Current ratio3.58above the sector's middle half▼ 0.384.52above the sector's middle half▲ 0.943.28above the sector's middle half▼ 1.244.42above the sector's middle half▲ 1.148.21above the sector's middle half▲ 3.79
Return on assets (ROA)17.9%above the sector's middle half▲ 3.9pp26.1%above the sector's middle half▲ 8.1pp28.8%above the sector's middle half▲ 2.8pp15.8%above the sector's middle half▼ 13.0pp12.9%above the sector's middle half▼ 2.9pp
Staff (FTE)44.2within the sector's middle half▼ 3.3%44within the sector's middle half▼ 0.5%42.6within the sector's middle half▼ 3.2%44.5within the sector's middle half▲ 4.5%44.3within the sector's middle half▼ 0.4%
above within below the middle half (P25 to P75) of NACE 24, Manufacture of basic metals, each year against the same schema; no band under 30 filings.
Result and balance sheet2025
Result per fiscal year
Operating resultNet result
€0€2.0m€4.0m€6.0mOperating result 2021: €2.3m€2.3mNet result 2021: €1.8m€1.8mOperating result 2022: €4.9m€4.9mNet result 2022: €3.8m€3.8mOperating result 2023: €5.3m€5.3mNet result 2023: €4.1m€4.1mOperating result 2024: €3.1m€3.1mNet result 2024: €2.6m€2.6mOperating result 2025: €2.7m€2.7mNet result 2025: €2.3m€2.3m20212022202320242025€0€2m€4m€6mOperating result 2023: €5.3m€5.3mNet result 2023: €4.1m€4.1mOperating result 2024: €3.1m€3.1mNet result 2024: €2.6m€2.6mOperating result 2025: €2.7m€2.7mNet result 2025: €2.3m€2.3m202320242025
The operating result has fallen two years in a row; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.5m
Fixed assets €3.4m ▼ 0.5%
Current assets €14.1m ▲ 8.2%
Equity and liabilities €17.5m
Equity €15.4m ▲ 17.2%
Debt €2.1m ▼ 36.6%
Debt's share of the balance-sheet total falls from 20.1% to 12.0%. Equity is higher and debt is lower.
Key figures and ratios2025
Key figures and ratios
2025 value · change against 2024
EBITDA
€3.2m▼
2024 · €3.6m
Cash flow
€2.8m▼
2024 · €3.1m
Quick ratio
5.26▲
2024 · 2.54
Debt to equity
0.14▼
2024 · 0.25
ROE
14.7%▼
2024 · 19.8%
Interest coverage
98.01▲
2024 · 90.57
Debt ≤ 1 year
€1.7m▼
2024 · €3.0m
Debt > 1 year
€349,857▲
2024 · €317,858
Income taxes
€478,383▼
2024 · €599,745
Staff costs
€3.4m▼
2024 · €3.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 87 lines
Balance sheet Code20242025
Assets
Total assets20/58€16.4m€17.5m▲
Fixed assets21/28€3.4m€3.4m▼
Tangible fixed assets22/27€2.7m€2.7m▼
Land and buildings22€1.4m€1.4m▼
Plant, machinery and equipment23€0.7m€0.7m▼
Furniture and vehicles24€0.04m€0.09m▲
Leasing and similar rights25€0.5m€0.6m▲
Financial fixed assets28€0.7m€0.7m=
Affiliated companies280/1€0.7m€0.7m=
Amounts receivable281€0.7m€0.7m=
Current assets29/58€13.0m€14.1m▲
Stocks and contracts in progress3€5.6m€5.1m▼
Stocks30/36€5.5m€5.0m▼
Raw materials and consumables30/31€5.0m€4.7m▼
Goods purchased for resale34€0.4m€0.4m▼
Contracts in progress37€0.09m€0.04m▼
Amounts receivable within one year40/41€4.4m€6.2m▲
Trade receivables40€1.1m€1.4m▲
Other amounts receivable41€3.3m€4.9m▲
Current investments50/53-€0.6m
Other investments51/53-€0.6m
Cash at bank and in hand54/58€2.9m€2.1m▼
Deferred charges and accrued income490/1€0.1m€0.1m▼
Equity and liabilities
Total equity and liabilities10/49€16.4m€17.5m▲
Equity10/15€13.1m€15.4m▲
Contributions10/11€1.0m€1.0m=
Capital10€1.0m€1.0m=
Issued capital100€1.0m€1.0m=
Reserves13€0.1m€0.9m▲
Non-distributable reserves130/1€0.1m€0.1m=
Legal reserve130€0.1m€0.1m=
Tax-exempt reserves132-€0.8m
Distributable reserves133€238€238=
Profit (loss) carried forward14€12.0m€13.5m▲
Amounts payable17/49€3.3m€2.1m▼
Amounts payable after more than one year17€0.3m€0.3m▲
Financial debts170/4€0.3m€0.3m▲
Leasing and similar obligations172€0.3m€0.3m▲
Amounts payable within one year42/48€3.0m€1.7m▼
Current portion of amounts payable after more than one year42€0.2m€0.2m▲
Financial debts43€0.1m€0.05m▼
Credit institutions430/8€0.1m€0.05m▼
Trade debts44€1.3m€0.9m▼
Suppliers440/4€1.3m€0.9m▼
Taxes, remuneration and social security45€1.3m€0.4m▼
Taxes450/3€0.8m€0.04m▼
Remuneration and social security454/9€0.4m€0.3m▼
Other amounts payable47/48€0.1m€0.2m▲
Accrued charges and deferred income492/3€0.03m€0.02m▼
Income statement Code20242025
Operating income70/76A€14.4m€12.9m▼
Turnover70€13.3m€11.8m▼
Change in stocks of work in progress, finished goods and contracts in progress71€0.004m-€0.05m▼
Other operating income74€1.1m€1.1m▲
Non-recurring operating income76A-€0.02m
Operating charges60/66A€11.2m€10.2m▼
Goods for resale, raw materials and consumables60€5.3m€4.6m▼
Purchases600/8€5.1m€4.1m▼
Change in stocks: decrease (increase)609€0.2m€0.4m▲
Services and other goods61€1.7m€1.7m▲
Remuneration, social security and pensions62€3.7m€3.4m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.5m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.008m€0.02m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€0.08m€0.05m▼
Non-recurring operating charges66A€0.05m€0▼
Operating profit (loss)9901€3.1m€2.7m▼
Financial income75/76B€0.1m€0.1m▼
Recurring financial income75€0.1m€0.1m▼
Income from financial fixed assets750€0.01m€0▼
Income from current assets751€0.1m€0.07m▼
Other financial income752/9€0.006m€0.04m▲
Financial charges65/66B€0.07m€0.06m▼
Recurring financial charges65€0.07m€0.06m▼
Debt charges650€0.04m€0.03m▼
Other financial charges652/9€0.03m€0.02m▼
Profit (loss) for the period before taxes9903€3.2m€2.7m▼
Income taxes67/77€0.6m€0.5m▼
Taxes670/3€0.6m€0.5m▼
Tax adjustments and reversals of tax provisions77€0.005m€0.01m▲
Profit (loss) for the period9904€2.6m€2.3m▼
Transfer to tax-exempt reserves689-€0.8m
Profit (loss) for the period to be appropriated9905€2.6m€1.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€12.0m€13.5m▲
Profit (loss) brought forward from the previous period14P€9.4m€12.0m▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)908744.544.3▼

The notes to these accounts (85 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€11.5m€15.7m€16.3m€14.4m€12.9m▼ 10.1%
Turnover70€10.5m€14.8m€15.2m€13.3m€11.8m▼ 10.8%
Change in stocks of work in progress, finished goods and contracts in progress71€0.1m-€0.06m€0.02m€0.004m-€0.05m▼ 1,426%
Other operating income74€0.9m€1.0m€1.1m€1.1m€1.1m▲ 1.9%
Non-recurring operating income76A----€0.02m-
Operating charges60/66A€9.2m€10.9m€11.0m€11.2m€10.2m▼ 9.0%
Goods for resale, raw materials and consumables60€4.0m€4.8m€5.9m€5.3m€4.6m▼ 13.4%
Purchases600/8€4.7m€5.5m€6.7m€5.1m€4.1m▼ 18.4%
Change in stocks: decrease (increase)609-€0.6m-€0.8m-€0.8m€0.2m€0.4m▲ 125%
Services and other goods61€1.6m€2.2m€1.5m€1.7m€1.7m▲ 2.0%
Remuneration, social security and pensions62€3.1m€3.3m€3.5m€3.7m€3.4m▼ 7.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.5m€0.4m€0.5m€0.5m▲ 0.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.04m€0.003m-€0.1m€0.008m€0.02m▲ 223%
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.001m€0.2m-€0.2m€0--
Other operating charges640/8€0.02m€0.03m€0.02m€0.08m€0.05m▼ 41.0%
Non-recurring operating charges66A---€0.05m€0▼ 100%
Operating profit (loss)9901€2.3m€4.9m€5.3m€3.1m€2.7m▼ 14.0%
Financial income75/76B€0.02m€0.02m€0.09m€0.1m€0.1m▼ 23.6%
Recurring financial income75€0.02m€0.02m€0.09m€0.1m€0.1m▼ 23.6%
Income from financial fixed assets750€0.02m€0.02m€0.02m€0.01m€0▼ 100%
Income from current assets751--€0.07m€0.1m€0.07m▼ 41.9%
Other financial income752/9€0.006m€430-€0.006m€0.04m▲ 512%
Financial charges65/66B€0.08m€0.09m€0.2m€0.07m€0.06m▼ 15.4%
Recurring financial charges65€0.08m€0.09m€0.2m€0.07m€0.06m▼ 15.4%
Debt charges650€0.05m€0.05m€0.1m€0.04m€0.03m▼ 18.7%
Other financial charges652/9€0.03m€0.04m€0.09m€0.03m€0.02m▼ 10.7%
Profit (loss) for the period before taxes9903€2.3m€4.8m€5.2m€3.2m€2.7m▼ 14.4%
Income taxes67/77€0.5m€1.0m€1.1m€0.6m€0.5m▼ 20.2%
Taxes670/3€0.5m€1.0m€1.1m€0.6m€0.5m▼ 18.6%
Tax adjustments and reversals of tax provisions77€0.001m-€0.001m€0.005m€0.01m▲ 173%
Profit (loss) for the period9904€1.8m€3.8m€4.1m€2.6m€2.3m▼ 13.1%
Transfer from tax-exempt reserves789-€1.5m----
Transfer to tax-exempt reserves689€0.5m---€0.8m-
Profit (loss) for the period to be appropriated9905€1.3m€5.3m€4.1m€2.6m€1.4m▼ 45.0%
Line20212022202320242025Change
Assets
Total assets20/58€10.0m€14.6m€14.2m€16.4m€17.5m▲ 6.4%
Fixed assets21/28€3.3m€3.3m€3.1m€3.4m€3.4m▼ 0.5%
Tangible fixed assets22/27€2.4m€2.3m€2.4m€2.7m€2.7m▼ 0.6%
Land and buildings22€1.3m€1.4m€1.4m€1.4m€1.4m▼ 4.7%
Plant, machinery and equipment23€0.7m€0.5m€0.5m€0.7m€0.7m▼ 5.8%
Furniture and vehicles24€0.02m€0.04m€0.03m€0.04m€0.09m▲ 132%
Leasing and similar rights25€0.3m€0.3m€0.5m€0.5m€0.6m▲ 7.8%
Financial fixed assets28€1.0m€1.0m€0.7m€0.7m€0.7m=
Affiliated companies280/1€1.0m€1.0m€0.7m€0.7m€0.7m=
Amounts receivable281€1.0m€1.0m€0.7m€0.7m€0.7m=
Current assets29/58€6.7m€11.4m€11.1m€13.0m€14.1m▲ 8.2%
Stocks and contracts in progress3€4.1m€4.8m€5.7m€5.6m€5.1m▼ 8.8%
Stocks30/36€3.9m€4.7m€5.6m€5.5m€5.0m▼ 8.0%
Raw materials and consumables30/31€3.6m€4.4m€5.2m€5.0m€4.7m▼ 7.6%
Goods purchased for resale34€0.4m€0.3m€0.4m€0.4m€0.4m▼ 12.8%
Contracts in progress37€0.1m€0.07m€0.09m€0.09m€0.04m▼ 54.8%
Amounts receivable within one year40/41€1.1m€2.8m€4.7m€4.4m€6.2m▲ 40.7%
Trade receivables40€0.9m€1.2m€1.6m€1.1m€1.4m▲ 18.2%
Other amounts receivable41€0.3m€1.6m€3.1m€3.3m€4.9m▲ 48.6%
Current investments50/53----€0.6m-
Other investments51/53----€0.6m-
Cash at bank and in hand54/58€1.5m€3.8m€0.6m€2.9m€2.1m▼ 29.3%
Deferred charges and accrued income490/1€0.02m€0.04m€0.09m€0.1m€0.1m▼ 18.9%
Equity and liabilities
Total equity and liabilities10/49€10.0m€14.6m€14.2m€16.4m€17.5m▲ 6.4%
Equity10/15€5.9m€9.8m€10.5m€13.1m€15.4m▲ 17.2%
Contributions10/11€1.0m€1.0m€1.0m€1.0m€1.0m=
Capital10€1.0m€1.0m€1.0m€1.0m€1.0m=
Issued capital100€1.0m€1.0m€1.0m€1.0m€1.0m=
Reserves13€1.6m€0.1m€0.1m€0.1m€0.9m▲ 827%
Non-distributable reserves130/1€0.1m€0.1m€0.1m€0.1m€0.1m=
Legal reserve130€0.1m€0.1m€0.1m€0.1m€0.1m=
Tax-exempt reserves132€1.5m---€0.8m-
Distributable reserves133€238€238€238€238€238=
Profit (loss) carried forward14€3.3m€8.7m€9.4m€12.0m€13.5m▲ 11.9%
Provisions and deferred taxes16€0.02m€0.2m----
Provisions for liabilities and charges160/5€0.02m€0.2m----
Major repairs and maintenance162-€0.03m----
Environmental obligations163-€0.2m----
Other liabilities and charges164/5€0.02m-----
Amounts payable17/49€4.1m€4.7m€3.7m€3.3m€2.1m▼ 36.6%
Amounts payable after more than one year17€2.2m€2.1m€0.3m€0.3m€0.3m▲ 10.1%
Financial debts170/4€2.2m€2.1m€0.3m€0.3m€0.3m▲ 10.1%
Leasing and similar obligations172€0.2m€0.2m€0.3m€0.3m€0.3m▲ 10.1%
Credit institutions173€2.0m€2.0m----
Amounts payable within one year42/48€1.9m€2.5m€3.4m€3.0m€1.7m▼ 41.7%
Current portion of amounts payable after more than one year42€0.1m€0.08m€0.1m€0.2m€0.2m▲ 13.7%
Financial debts43€0.1m€0.5m€0.1m€0.1m€0.05m▼ 50.3%
Credit institutions430/8€0.1m€0.5m€0.1m€0.1m€0.05m▼ 50.3%
Trade debts44€1.0m€1.1m€1.5m€1.3m€0.9m▼ 29.8%
Suppliers440/4€1.0m€1.1m€1.5m€1.3m€0.9m▼ 29.8%
Taxes, remuneration and social security45€0.6m€0.8m€1.4m€1.3m€0.4m▼ 69.7%
Taxes450/3€0.3m€0.3m€0.9m€0.8m€0.04m▼ 95.7%
Remuneration and social security454/9€0.3m€0.5m€0.5m€0.4m€0.3m▼ 21.2%
Other amounts payable47/48--€0.3m€0.1m€0.2m▲ 53.2%
Accrued charges and deferred income492/3€0.02m€0.02m€0.02m€0.03m€0.02m▼ 21.3%
Line20212022202320242025Change
Profit (loss) for the period9904€1.8m€3.8m€4.1m€2.6m€2.3m▼ 13.1%
+ Depreciation and write-downs630€0.5m€0.5m€0.4m€0.5m€0.5m▲ 0.4%
Operating cash flow (approximation)€2.3m€4.3m€4.5m€3.1m€2.8m▼ 10.9%
Investment in fixed assets (approximation)--€0.4m-€0.3m-€0.7m-€0.5m▲ 33.8%
Change in cash-€2.3m-€3.2m€2.3m-€0.9m▼ 137%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Comparable companies5

Board & ownership

Parent Flange International · 100%

Directors

Directors
No directors read yet: 0 of 18 Gazette acts processed. See the function holders in the CBE →

Structure & network

Owners and holdings

2 owners

Chain of control

  1. Special Flanges 100%
  2. Flange International 100%
  3. HERTECANT FLANGES

Highest known parent: Special Flanges. The sources do not say who stands above it.

Owners 2

Stated earlier (1)

An older source named these owners; newer accounts no longer list them.

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of HERTECANT FLANGES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No directors read yet: 0 of 18 Gazette acts processed.

Timeline

13 eventsLatest 10-07-2026Next filing 31-07-2027

History

HERTECANT FLANGES was incorporated on 3 June 1999.1 Revenue grew from €9.5m in 2018 to €11.8m in 2025 and headcount from 38 to 44.3 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
04-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
19-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €4.1m ▲7.6%
Operating result €5.3m, net result €4.1m, both a record.
31-12
Financial Equity above €10mEq €10.5m ▲7.9%
6 profitable years in a row build equity to €10.5m.
20-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
19-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
15-10
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 76 days late
2020
31-12
Financial Equity above €5mEq €6.2m ▲29.4%
3 profitable years in a row build equity to €6.2m.
10-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
10-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts

We know of 18 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Support & recognitions

1 funding sourceFlanders €69,5941 register with a recognitionLEI issued
Flemish government
€69,594
awarded · 2022 - 2025
LEI
active
699400VFRCS7GSHQ1365
Subsidies and aid1

Flemish government

2022 to 2025 · 5 entries · €69,594 awarded · €69,594 paid
Year Entries awardedpaid
2025 2 €28,196€28,196
2024 1 €12,108€12,108
2023 1 €16,331€16,331
2022 1 €12,959€12,959
Schemes
4 entries · €51,469 · €51,469 paid · Departement Werk en Sociale Economie
1 entry · €18,125 · €18,125 paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie
Recognitions · licences · registrations1

Legal Entity Identifier

699400VFRCS7GSHQ1365
live in the LEI register

Company details

Public limited company · founded 03-06-1999Year ends 31-12Peppol reachable1 site

Register details

Identification
Legal formPublic limited company
Founded03-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
24200Manufacture of basic metals
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID 0208:0466169726
Also 9925:BE0466169726

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 1999
seat establishment The establishment unit on the map
Ground area
2.2 ha
Building footprint
2,134 m²
Volume, LiDAR
10,788 m³
Parcel 13049D1094/00R000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
HERTECANT FLANGES NV
Lossing 22, 2260 WesterloManufacture of basic metals
since 1999unit no. 2.092.494.985
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13049D1094/00R000 Flanders 2.2 ha 1 · 2,134 m² 7.2 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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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