HERTIMO
ActiveHERTIMO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €453k and a net result of €-125k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 24% of 7740 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-14
Solvency41▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 5.3 against 9.54 in 2024; short-term debt: 0.4% and cash: 1.1% of total assets), but 83.8% of the assets are financed with debt.
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
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-125k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 7740 sector peers (2025).
NBB · sector comparisonPosition among 7740 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
7 d early
2023
53 d early
2022
31 d early
2021
25 d early
2020
52 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€453k▼ 21.7%
2024 · €578k
2018: €600k
2019: €597k
2020: €753k
2021: €809k
2022: €807k
2023: €706k
2024: €578k
2018 → 2025
Total assets
€2.79M▼ 4.3%
2024 · €2.91M
2018: €3.67M
2019: €3.35M
2020: €3.13M
2021: €3.23M
2022: €3.17M
2023: €3.05M
2024: €2.91M
2018 → 2025
Net result
€-125k▲ 2.1%
2024 · €-128k
2018: €16k
2019: €-3k
2020: €156k
2021: €56k
2022: €-3k
2023: €-100k
2024: €-128k
2018 → 2025
Working capital
€48k▼ 38.8%
2024 · €79k
2018: €325k
2019: €202k
2020: €175k
2021: €392k
2022: €147k
2023: €117k
2024: €79k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€809k-€807k▼ 0.3%€706k▼ 12.4%€578k▼ 18.1%€453k▼ 21.7%
Operating result€84k-€-5k€-102k▼ 2,143%€-130k▼ 26.6%€-143k▼ 10.2%
Net result€56k-€-3k€-100k▼ 3,697%€-128k▼ 27.6%€-125k▲ 2.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €143k in 2025 against €130k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.79M
Fixed assets
€2.73M▼ 3.4%
Current assets
€60k▼ 32.5%
Equity and liabilities €2.79M
Equity
€453k▼ 21.7%
Provisions
€23k▼ 8.1%
Debt
€2.31M▲ 0.1%
The debt ratio rises from 79.3% to 82.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-22k▼
2024 · €-10k
Cash flow
€-4k▲
2024 · €-9k
Solvency
16.2%▼
2024 · 19.9%
Current ratio
5.30▼
2024 · 9.54
Quick ratio
5.30▼
2024 · 9.54
Debt / equity
5.10▲
2024 · 3.99
ROE
-27.7%▼
2024 · -22.1%
ROA
-4.5%▼
2024 · -4.4%
Interest coverage
-314372.71
Debt
€2.31M▲
2024 · €2.31M
Debt ≤ 1 year
€11k▲
2024 · €9k
Debt > 1 year
€2.30M=
2024 · €2.30M
Income taxes
€276▼
2024 · €585
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€2.91M€2.79M▼
Fixed assets21/28€2.82M€2.73M▼
Tangible fixed assets22/27€2.82M€2.73M▼
Land and buildings22€2.76M€2.68M▼
Plant, machinery and equipment23€6k€1k▼
Furniture and vehicles24€57k€42k▼
Financial fixed assets28€250€250=
Current assets29/58€88k€60k▼
Amounts receivable within one year40/41€12k€17k▲
Trade receivables40€3k-
Other amounts receivable41€9k€17k▲
Cash at bank and in hand54/58€62k€29k▼
Deferred charges and accrued income490/1€15k€13k▼
Equity and liabilities
Total equity and liabilities10/49€2.91M€2.79M▼
Equity10/15€578k€453k▼
Contributions10/11€66k€66k=
Capital10€66k€66k=
Issued capital100€66k€66k=
Reserves13€732k€728k▼
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€49k€45k▼
Distributable reserves133€677k€677k=
Profit (loss) carried forward14€-220k€-342k▼
Provisions and deferred taxes16€25k€23k▼
Deferred taxes168€25k€23k▼
Amounts payable17/49€2.31M€2.31M▲
Amounts payable after more than one year17€2.30M€2.30M=
Financial debts170/4€2.30M€2.30M=
Amounts payable within one year42/48€9k€11k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€317€276▼
Taxes450/3€317€276▼
Other amounts payable47/48€7k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k€121k▲
Other operating charges640/8€16k€15k▼
Gross operating margin9900€6k€-7k▼
Operating profit (loss)9901€-130k€-143k▼
Financial income75/76B€220€16k▲
Recurring financial income75€220€16k▲
Non-recurring financial income76B€220€16k▲
Financial charges65/66B-€0
Recurring financial charges65-€0
Profit (loss) for the period before taxes9903€-129k€-127k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€585€276▼
Profit (loss) for the period9904€-128k€-125k▲
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€-124k€-121k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-220k€-342k▼
Profit (loss) brought forward from the previous period14P€-96k€-220k▼
The notes to these accounts (8 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-128k
Net result drops to €-128k, the lowest in the series; recovery starts the following year.
08-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €156k
Net result €156k after one loss-making year.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
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
6 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, Heist-op-den-Berg · 2 establishment units since 1995
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.
's Herenweg(ITE) 252222 Heist-op-den-BergGround area
6,684 m²
Building footprint
409 m²
Volume, LiDAR
2,391 m³
Parcel 12017B0038/00B000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
HERTIMO NV
since 19952.047.369.496
Freux,Rue de la Fange du Loup 27, 6800 Libramont-Chevigny
since 20172.273.773.733
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12017B0038/00B000 | Flanders | 6,684 m² | 1 · 409 m² | 9.7 m · 2 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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BAILLOIS MANAGEMENT
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Hylyght
BE 0740.539.075
Aalst · Eq €452k
VAN DEN BORG
BE 0839.346.839
Boechout · Eq €454k
JONCKHEERE-SOMERS
BE 0648.971.273
Jette · Eq €454k
VIU
BE 0558.844.912
Halle · Eq €452k
Of 24,503 companies in sector 82990 we hold annual accounts for 9,402. 6,015 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-12-1989
Fiscal year end30-09
Activities, NACEBEL
82990Other business support services
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.