HERTSENS IMMO
ActiveThe annual accounts of HERTSENS IMMO for fiscal year 2025 show a net loss of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €326k and a net result of €-399k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 15% of 4512 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▼-3
Solvency26▼-2
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.02 against 2.76 in 2024; short-term debt: 5.9% and cash: 0.6% of total assets), but 98.8% 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 68
Relative position
BE, all sectors
reference
Sector 68
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
1.2%
Return on assets
-1.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 4512 sector peers (2025).
NBB · sector comparisonPosition among 4512 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
57 d late
2023
49 d late
2022
32 d late
2021
45 d early
2020
44 d early
2019
on the day
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-399k
2024 · €47k
2018: €32k
2019: €15k
2020: €9k
2021: €-87k
2022: €-82k
2023: €337k
2024: €47k
2018 → 2025
Working capital
€3.13M▼ 33.2%
2024 · €4.69M
2018: €128k
2019: €144k
2020: €1.33M
2021: €6.40M
2022: €8.47M
2023: €6.95M
2024: €4.69M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€425k-€342k▼ 19.4%€679k▲ 98.3%€726k▲ 6.8%€326k▼ 55.0%
Operating result€-8k-€231k€1.28M▲ 453%€976k▼ 23.5%€444k▼ 54.5%
Net result€-87k-€-82k▲ 5.5%€337k€47k▼ 86.2%€-399k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26.35M
Fixed assets
€21.67M▲ 28.0%
Current assets
€4.68M▼ 36.4%
Equity and liabilities €26.35M
Equity
€326k▼ 55.0%
Debt
€26.02M▲ 10.5%
The debt ratio rises from 97.0% to 98.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.44M▼
2024 · €1.75M
Cash flow
€601k▼
2024 · €824k
Solvency
1.2%▼
2024 · 3.0%
Current ratio
3.02▲
2024 · 2.76
Quick ratio
0.22▲
2024 · 0.19
Debt / equity
79.74▲
2024 · 32.47
ROE
-122.3%▼
2024 · 6.4%
ROA
-1.5%▼
2024 · 0.2%
Interest coverage
1.71▼
2024 · 1.83
Debt
€26.02M▲
2024 · €23.56M
Debt ≤ 1 year
€1.55M▼
2024 · €2.67M
Debt > 1 year
€24.48M▲
2024 · €20.88M
Income taxes
€1k▼
2024 · €12k
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€24.28M€26.35M▲
Fixed assets21/28€16.93M€21.67M▲
Tangible fixed assets22/27€16.93M€21.67M▲
Land and buildings22€16.93M€21.67M▲
Financial fixed assets28-€900
Current assets29/58€7.35M€4.68M▼
Stocks and contracts in progress3€6.85M€4.34M▼
Stocks30/36€6.85M€4.34M▼
Amounts receivable within one year40/41€365k€194k▼
Trade receivables40€111k€194k▲
Other amounts receivable41€255k-
Cash at bank and in hand54/58€105k€151k▲
Deferred charges and accrued income490/1€30k€691▼
Equity and liabilities
Total equity and liabilities10/49€24.28M€26.35M▲
Equity10/15€726k€326k▼
Contributions10/11€412k€412k=
Capital10€412k€412k=
Issued capital100€412k€412k=
Reserves13€36k€36k=
Non-distributable reserves130/1€36k€36k=
Legal reserve130€36k€36k=
Profit (loss) carried forward14€277k€-122k▼
Amounts payable17/49€23.56M€26.02M▲
Amounts payable after more than one year17€20.88M€24.48M▲
Financial debts170/4€20.88M€24.48M▲
Amounts payable within one year42/48€2.67M€1.55M▼
Current portion of amounts payable after more than one year42€1.96M€867k▼
Trade debts44€417k€299k▼
Suppliers440/4€417k€299k▼
Taxes, remuneration and social security45€2k€46k▲
Taxes450/3€2k€46k▲
Other amounts payable47/48€289k€337k▲
Accrued charges and deferred income492/3€7k-
Income statement
Code20242025
Non-recurring operating income76A€427k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€778k€1,000k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€93k€7k▼
Other operating charges640/8€234k€188k▼
Non-recurring operating charges66A€13k-
Gross operating margin9900€2.09M€1.64M▼
Operating profit (loss)9901€976k€444k▼
Financial income75/76B€40k€598▼
Recurring financial income75€40k€598▼
Financial charges65/66B€957k€843k▼
Recurring financial charges65€957k€843k▼
Profit (loss) for the period before taxes9903€59k€-398k▼
Income taxes67/77€12k€1k▼
Profit (loss) for the period9904€47k€-399k▼
Profit (loss) for the period to be appropriated9905€47k€-399k▼
Appropriation of the result
Profit (loss) to be appropriated9906€292k€-122k▼
Profit (loss) brought forward from the previous period14P€245k€277k▲
Transfer to equity691/2€15k-
To the legal reserve6920€15k-
The notes to these accounts (18 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-399k ▼958%
Net result drops to €-399k, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 49 days late
2023
31-12
Financial
Back to profitnet €337k
Net result €337k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €679k ▲98.3%
Equity rises from €342k to €679k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 30.53
Current ratio from 9.72 to 30.53.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 13current ratio 21.79
Current ratio from 1.67 to 21.79; short-term debt falls from €192k to €7k.
31-12
Financial
Equity above €500kEq €503k ▲3%
2 profitable years in a row build equity to €503k.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-07
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2003
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.
Hogenakkerhoekstraat 29150 Beveren-Kruibeke-ZwijndrechtGround area
2.4 ha
Building footprint
5,620 m²
Volume, LiDAR
42,710 m³
Parcel 46013A0033/00D000, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Hogenakkerhoekstraat 2, 9150 Beveren-Kruibeke-Zwijndrecht
since 20032.131.587.371
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46013A0033/00D000 | Flanders | 2.4 ha | 1 · 5,620 m² | 8.8 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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Jupiter Vastgoed België
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Of 9,134 companies in sector 68201 we hold annual accounts for 6,763. 4,999 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-03-2003
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Business parks
2 parksDevelops business zone:Klein Dorlick_2
Offers a parcel on business park:Beringen-Noord