HERTOGS ONDERNEMINGEN
ActiveHERTOGS ONDERNEMINGEN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.37M and a net result of €9k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 82% of 1287 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency90▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 8.34 against 15.05 in 2024; short-term debt: 6% and cash: 9.9% of total assets), and 34.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 2025Solvency, return and age of the figures
Solvency
65.2%
Return on assets
0.4%
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
35 d early
2023
23 d early
2022
46 d early
2021
33 d early
2020
37 d early
2019
46 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.37M▲ 0.6%
2024 · €1.36M
2018: €964k
2019: €1.05M
2020: €956k
2021: €1.54M
2022: €1.38M
2023: €1.35M
2024: €1.36M
2018 → 2025
Total assets
€2.10M▲ 4.9%
2024 · €2.01M
2018: €2.10M
2019: €2.01M
2020: €2.11M
2021: €2.50M
2022: €2.43M
2023: €2.20M
2024: €2.01M
2018 → 2025
Net result
€9k▼ 14.0%
2024 · €10k
2018: €81k
2019: €87k
2020: €210k
2021: €800k
2022: €-91k
2023: €-43k
2024: €10k
2018 → 2025
Working capital
€927k▼ 17.7%
2024 · €1.13M
2018: €94k
2019: €227k
2020: €72k
2021: €1.06M
2022: €1.08M
2023: €1.27M
2024: €1.13M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.54M-€1.38M▼ 10.1%€1.35M▼ 2.2%€1.36M▲ 0.7%€1.37M▲ 0.6%
Operating result€-6k-€-140k▼ 2,171%€-61k▲ 56.3%€17k€16k▼ 10.9%
Net result€800k-€-91k€-43k▲ 52.8%€10k€9k▼ 14.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.10M
Fixed assets
€1.05M▲ 31.3%
Current assets
€1.05M▼ 12.7%
Equity and liabilities €2.10M
Equity
€1.37M▲ 0.6%
Debt
€732k▲ 13.8%
The debt ratio rises from 32.1% to 34.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€148k▲
2024 · €130k
Cash flow
€141k▲
2024 · €123k
Solvency
65.2%▼
2024 · 67.9%
Current ratio
8.34▼
2024 · 15.05
Quick ratio
5.11▼
2024 · 10.19
Debt / equity
0.53▲
2024 · 0.47
ROE
0.6%▼
2024 · 0.7%
ROA
0.4%▼
2024 · 0.5%
Interest coverage
16.78▼
2024 · 17.04
Debt
€732k▲
2024 · €643k
Debt ≤ 1 year
€126k▲
2024 · €80k
Debt > 1 year
€606k▲
2024 · €563k
Income taxes
€3k▼
2024 · €11k
Staff costs
€21k▲
2024 · €10k
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€2.01M€2.10M▲
Fixed assets21/28€800k€1.05M▲
Tangible fixed assets22/27€795k€1.05M▲
Land and buildings22€653k€581k▼
Plant, machinery and equipment23€61k€43k▼
Furniture and vehicles24€32k€193k▲
Other tangible fixed assets26€50k€231k▲
Financial fixed assets28€5k€3k▼
Current assets29/58€1.21M€1.05M▼
Amounts receivable after more than one year29€195k€0▼
Other amounts receivable291€195k€0▼
Stocks and contracts in progress3€389k€408k▲
Stocks30/36€389k€408k▲
Amounts receivable within one year40/41€11k€10k▼
Trade receivables40€11k€4k▼
Other amounts receivable41-€5k
Current investments50/53€426k€424k▼
Cash at bank and in hand54/58€183k€209k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.01M€2.10M▲
Equity10/15€1.36M€1.37M▲
Contributions10/11€19k€19k=
Reserves13€1.35M€1.35M▲
Distributable reserves133€1.35M€1.35M▲
Amounts payable17/49€643k€732k▲
Amounts payable after more than one year17€563k€606k▲
Financial debts170/4€305k€415k▲
Other amounts payable178/9€258k€191k▼
Amounts payable within one year42/48€80k€126k▲
Current portion of amounts payable after more than one year42€67k€71k▲
Trade debts44€9k€52k▲
Suppliers440/4€9k€52k▲
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€1k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€0-
Income statement
Code20242025
Non-recurring operating income76A€12k€0▼
Remuneration, social security and pensions62€10k€21k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€113k€133k▲
Other operating charges640/8€8k€11k▲
Gross operating margin9900€148k€181k▲
Operating profit (loss)9901€17k€16k▼
Financial income75/76B€11k€5k▼
Recurring financial income75€11k€2k▼
Non-recurring financial income76B-€3k
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€21k€12k▼
Income taxes67/77€11k€3k▼
Profit (loss) for the period9904€10k€9k▼
Profit (loss) for the period to be appropriated9905€10k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€9k▼
Transfer from equity791/2€0-
Transfer to equity691/2€10k€9k▼
To other reserves6921€10k€9k▼
The notes to these accounts (12 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 13.55
Current ratio from 5.00 to 13.55; short-term debt falls from €269k to €101k.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-91k ▼111%
Net result drops to €-91k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €800k ▲281%
Net result €800k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 3.44
Current ratio from 1.12 to 3.44; short-term debt falls from €619k to €435k.
31-12
Financial
Equity above €1MEq €1.54M ▲61%
4 profitable years in a row build equity to €1.54M.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €1MEq €1.05M ▲9%
2 profitable years in a row build equity to €1.05M.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Arendonk · 2 establishment units since 2008
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.
Horststraat 712370 ArendonkGround area
4,079 m²
Building footprint
539 m²
Volume, LiDAR
3,671 m³
2 parcels, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
HERTOGS ONDERNEMINGEN
since 20082.172.316.384
Guesthouse De Middelvelden
since 20212.332.564.740
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13001B0857/00C000 | Flanders | 2,980 m² | 1 · 385 m² | 9.8 m · 2 fl. |
| 13322E0581/00B000 | Flanders | 1,099 m² | 1 · 154 m² | 11.8 m · 2 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
2023 to 2025 · 2 entries · 827 EUR awarded · 827 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 450 EUR | 450 EUR |
| 2023 | 1 | 377 EUR | 377 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteArendonk2.332.564.740
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Of 1,856 companies in sector 55204 we hold annual accounts for 449. 177 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-07-2008
Fiscal year end31-12
Activities, NACEBEL
55204Guest rooms (bed and breakfast)
01430Raising of horses and other equines
01500Mixed farming
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43990Other specialised construction activities
43999Specialised construction activities
46232Wholesale trade
55100Hotels and similar accommodation
55203Holiday cottages, homes and apartments
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
81300Landscape service activities
82990Other business support services
96995Pet boarding
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@demiddelvelden.be
Phone:+32495307279