HERTIGERS
ActiveHERTIGERS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €633k and a net result of €75k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 1736 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-10
Solvency43▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.87 against 1.01 in 2024; short-term debt: 22.1% and cash: 7.6% of total assets), and 81.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.4%
Return on assets
2.2%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1736 sector peers (2025).
NBB · sector comparisonPosition among 1736 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-12-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
42 d early
2023
40 d early
2022
34 d early
2021
39 d early
2020
34 d early
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€633k▲ 13.3%
2024 · €559k
2019: €442k
2020: €411k
2021: €287k
2022: €151k
2023: €191k
2024: €559k
2019 → 2025
Total assets
€3.44M▼ 4.9%
2024 · €3.62M
2019: €2.95M
2020: €2.67M
2021: €3.55M
2022: €3.29M
2023: €3.02M
2024: €3.62M
2019 → 2025
Net result
€75k▼ 79.7%
2024 · €368k
2019: €67k
2020: €-31k
2021: €-124k
2022: €-136k
2023: €41k
2024: €368k
2019 → 2025
Working capital
€-95k
2024 · €8k
2019: €320k
2020: €-17k
2021: €-310k
2022: €-423k
2023: €-277k
2024: €8k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€287k-€151k▼ 47.5%€191k▲ 26.9%€559k▲ 192%€633k▲ 13.3%
Operating result€-86k-€-100k▼ 16.9%€73k€402k▲ 452%€125k▼ 68.8%
Net result€-124k-€-136k▼ 10.4%€41k€368k▲ 805%€75k▼ 79.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.44M
Fixed assets
€2.78M▲ 2.0%
Current assets
€666k▼ 25.9%
Equity and liabilities €3.44M
Equity
€633k▲ 13.3%
Debt
€2.81M▼ 8.3%
The debt ratio falls from 84.6% to 81.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€590k▼
2024 · €756k
Cash flow
€539k▼
2024 · €722k
Solvency
18.4%▲
2024 · 15.4%
Current ratio
0.87▼
2024 · 1.01
Quick ratio
0.87▼
2024 · 1.01
Debt / equity
4.43▼
2024 · 5.48
ROE
11.8%▼
2024 · 65.8%
ROA
2.2%▼
2024 · 10.2%
Interest coverage
11.63▼
2024 · 21.86
Debt
€2.81M▼
2024 · €3.06M
Debt ≤ 1 year
€761k▼
2024 · €890k
Debt > 1 year
€2.05M▼
2024 · €2.17M
Staff costs
€474k▲
2024 · €419k
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€3.62M€3.44M▼
Fixed assets21/28€2.72M€2.78M▲
Tangible fixed assets22/27€2.54M€2.59M▲
Land and buildings22€1.55M€1.47M▼
Plant, machinery and equipment23€453k€692k▲
Furniture and vehicles24€11k€7k▼
Leasing and similar rights25€526k€419k▼
Financial fixed assets28€185k€185k=
Current assets29/58€898k€666k▼
Amounts receivable within one year40/41€705k€387k▼
Trade receivables40€677k€361k▼
Other amounts receivable41€27k€26k▼
Cash at bank and in hand54/58€177k€260k▲
Deferred charges and accrued income490/1€17k€18k▲
Equity and liabilities
Total equity and liabilities10/49€3.62M€3.44M▼
Equity10/15€559k€633k▲
Contributions10/11€20k€20k=
Reserves13€537k€554k▲
Tax-exempt reserves132€305k€322k▲
Distributable reserves133€232k€232k=
Profit (loss) carried forward14€2k€59k▲
Amounts payable17/49€3.06M€2.81M▼
Amounts payable after more than one year17€2.17M€2.05M▼
Financial debts170/4€2.17M€2.05M▼
Amounts payable within one year42/48€890k€761k▼
Current portion of amounts payable after more than one year42€333k€315k▼
Trade debts44€133k€110k▼
Suppliers440/4€133k€110k▼
Taxes, remuneration and social security45€80k€46k▼
Taxes450/3€44k€5k▼
Remuneration and social security454/9€36k€41k▲
Other amounts payable47/48€343k€289k▼
Income statement
Code20242025
Non-recurring operating income76A€305k€86k▼
Remuneration, social security and pensions62€419k€474k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€354k€465k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-496-
Other operating charges640/8€49k€44k▼
Non-recurring operating charges66A€15k-
Gross operating margin9900€1.24M€1.11M▼
Operating profit (loss)9901€402k€125k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€35k€51k▲
Recurring financial charges65€35k€51k▲
Profit (loss) for the period before taxes9903€368k€75k▼
Profit (loss) for the period9904€368k€75k▼
Transfer from tax-exempt reserves789-€69k
Transfer to tax-exempt reserves689€305k€86k▼
Profit (loss) for the period to be appropriated9905€63k€57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€59k▲
Profit (loss) brought forward from the previous period14P€-61k€2k▲
Social balance
Average headcount (FTE)90879.49.9▲
The notes to these accounts (21 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
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Highest result since 2019net €368k ▲805%
Operating result €402k, net result €368k, both a record.
30-06
Financial
Equity above €500kEq €559k ▲192%
2 profitable years in a row build equity to €559k.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Back to profitnet €41k
Net result €41k after 3 loss-making years.
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-136k
Net result drops to €-136k, the lowest in the series; recovery starts the following year.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-12
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
2 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, Tongeren-Borgloon · 2 establishment units since 2010
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.
Prinsenweg 33700 Tongeren-BorgloonGround area
2,743 m²
Building footprint
748 m²
Volume, LiDAR
3,703 m³
2 parcels, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
HERTIGERS
since 20102.243.830.724
Prinsenweg 3, 3700 Tongeren-Borgloon
since 20202.311.592.053
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73039B0112/00C002 | Flanders | 1,980 m² | 1 · 266 m² | 10.3 m · 3 fl. |
| 73348B0700/00X000 | Flanders | 763 m² | 1 · 482 m² | 4.8 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 6,078 EUR awarded · 6,079 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 384 EUR | 479 EUR |
| 2024 | 1 | 505 EUR | 410 EUR |
| 2023 | 1 | 207 EUR | 468 EUR |
| 2022 | 2 | 4,982 EUR | 4,722 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteTongeren-Borgloon2.311.592.053
Dual-learning approval
2 endedSimilar companies · same sector, comparable size
A & M VAN DYCK
BE 0416.640.437
Nijlen · Eq €634k
Famille Bodelet, société coopérative
BE 0421.156.776
Aubange · Eq €636k
LEURIDAN
BE 0474.638.024
Lo-Reninge · Eq €630k
DE GUCHTENAERE EDDY
BE 0818.321.296
Lochristi · Eq €638k
AGRI SAMAIN
BE 0897.949.091
Estaimpuis · Eq €628k
Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 975 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2010
Fiscal year end30-06
Activities, NACEBEL
01610Support activities for crop production
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.