HERTSENS SERVICES

Active

Private limited companyfounded 200322 yrs activeHogenakkerhoekstraat 2, 9150 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0861.673.665

HERTSENS SERVICES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.84M and a net result of €711k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 990 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2024

93 / 100

Excellent▼ -7 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability61▼-39

Solvency100=

Growth78=

Stability100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €550k at 30 days acceptable

Liquidity ample (current ratio 3.17 against 2.48 in 2023), and 29.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Sector 25

higher

← fewer bankruptcies more bankruptcies →

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

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

70.2%

Return on assets

8.5%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

on the day

2023

50 d late

2022

51 d late

2021

53 d early

2020

32 d late

2019

38 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, abbreviated schema

Equity

€5.84M▲ 13.9%

2023 · €5.13M

2018: €2.16M 2019: €2.48M 2020: €2.90M 2021: €3.14M 2022: €3.54M 2023: €5.13M

2018 → 2024

Total assets

€8.32M▲ 6.5%

2023 · €7.81M

2018: €2.75M 2019: €4.59M 2020: €5.88M 2021: €5.92M 2022: €5.51M 2023: €7.81M

2018 → 2024

Net result

€711k▼ 55.3%

2023 · €1.59M

2018: €375k 2019: €327k 2020: €417k 2021: €237k 2022: €401k 2023: €1.59M

2018 → 2024

Working capital

€2.45M▲ 27.9%

2023 · €1.91M

2018: €509k 2019: €-705k 2020: €-333k 2021: €-610k 2022: €24k 2023: €1.91M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€2.90M-€3.14M▲ 8.2%€3.54M▲ 12.8%€5.13M▲ 45.0%€5.84M▲ 13.9%

Operating result€559k-€306k▼ 45.3%€540k▲ 76.6%€1.71M▲ 216%€798k▼ 53.3%

Net result€417k-€237k▼ 43.2%€401k▲ 69.6%€1.59M▲ 296%€711k▼ 55.3%

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 2024; 2024 is 53% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €8.32M

57.0%

43.0%

Fixed assets €4.74M▲ 3.1%

Current assets €3.57M▲ 11.5%

Equity and liabilities €8.32M

70.2%

29.5%

Equity €5.84M▲ 13.9%

Provisions €21k▼ 14.7%

Debt €2.45M▼ 7.4%

The debt ratio falls from 34.0% to 29.5%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€2.65M▼

2023 · €3.41M

Cash flow

€2.56M▼

2023 · €3.29M

Solvency

70.2%▲

2023 · 65.7%

Current ratio

3.17▲

2023 · 2.48

Quick ratio

3.17▲

2023 · 2.48

Debt / equity

0.42▼

2023 · 0.52

ROE

12.2%▼

2023 · 31.0%

ROA

8.5%▼

2023 · 20.4%

Interest coverage

31.89▼

2023 · 54.81

Debt

€2.45M▼

2023 · €2.65M

Debt ≤ 1 year

€1.13M▼

2023 · €1.29M

Debt > 1 year

€1.33M▼

2023 · €1.34M

Income taxes

€92k▼

2023 · €98k

Staff costs

€612k▲

2023 · €575k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€7.81M€8.32M▲

Fixed assets21/28€4.60M€4.74M▲

Intangible fixed assets21€4k€3k▼

Tangible fixed assets22/27€4.60M€4.74M▲

Plant, machinery and equipment23€94k€57k▼

Furniture and vehicles24€1.74M€2.67M▲

Leasing and similar rights25€2.59M€1.85M▼

Other tangible fixed assets26€171k€154k▼

Financial fixed assets28€1k€1k=

Current assets29/58€3.21M€3.57M▲

Amounts receivable after more than one year29€1.34M€2.18M▲

Other amounts receivable291€1.34M€2.18M▲

Amounts receivable within one year40/41€1.84M€1.30M▼

Trade receivables40€1.78M€1.18M▼

Other amounts receivable41€55k€123k▲

Cash at bank and in hand54/58€24k€74k▲

Deferred charges and accrued income490/1-€15k

Equity and liabilities

Total equity and liabilities10/49€7.81M€8.32M▲

Equity10/15€5.13M€5.84M▲

Contributions10/11€62k€62k=

Reserves13€5.07M€5.78M▲

Tax-exempt reserves132€1.70M€1.98M▲

Distributable reserves133€3.37M€3.79M▲

Provisions and deferred taxes16€25k€21k▼

Provisions for liabilities and charges160/5€5k€5k=

Pensions and similar obligations160€5k€5k=

Deferred taxes168€20k€16k▼

Amounts payable17/49€2.65M€2.45M▼

Amounts payable after more than one year17€1.34M€1.33M▼

Financial debts170/4€1.34M€1.33M▼

Amounts payable within one year42/48€1.29M€1.13M▼

Current portion of amounts payable after more than one year42€747k€606k▼

Financial debts43€63k€10k▼

Credit institutions430/8€63k€10k▼

Trade debts44€323k€332k▲

Suppliers440/4€323k€332k▲

Taxes, remuneration and social security45€160k€179k▲

Taxes450/3€94k€98k▲

Remuneration and social security454/9€66k€81k▲

Accrued charges and deferred income492/3€19k-

Income statement Code20232024

Remuneration, social security and pensions62€575k€612k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.70M€1.85M▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k

Other operating charges640/8€109k€99k▼

Gross operating margin9900€4.09M€3.36M▼

Operating profit (loss)9901€1.71M€798k▼

Financial income75/76B€39k€84k▲

Recurring financial income75€39k€84k▲

Financial charges65/66B€62k€83k▲

Recurring financial charges65€62k€83k▲

Profit (loss) for the period before taxes9903€1.69M€799k▼

Transfer from deferred taxes780€4k€4k▼

Income taxes67/77€98k€92k▼

Profit (loss) for the period9904€1.59M€711k▼

Transfer from tax-exempt reserves789€120k€179k▲

Transfer to tax-exempt reserves689€1.25M€467k▼

Profit (loss) for the period to be appropriated9905€465k€423k▼

Appropriation of the result

Profit (loss) to be appropriated9906€465k€423k▼

Transfer to equity691/2€465k€423k▼

To other reserves6921€465k€423k▼

Social balance

Average headcount (FTE)90879.610.1▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

19-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 50 days late

2023

31-12

Financial Highest result since 2018net €1.59M ▲296%

Operating result €1.71M, net result €1.59M, both a record.

31-12

Financial Liquidity doublescurrent ratio 2.48

Current ratio from 1.02 to 2.48; short-term debt falls from €1.35M to €1.29M.

31-12

Financial Equity above €5MEq €5.13M ▲45%

6 profitable years in a row build equity to €5.13M.

20-09

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 51 days late

2022

08-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Weakest financial yearnet €237k ▼43.2%

Net result drops to €237k, the lowest in the series; recovery starts the following year.

01-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 32 days late

2020

07-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 38 days late

2019

31-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

08-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

31-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

25-07

NBB filing Annual accounts filed

fiscal year 2015 · full 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

establishment The establishment unit on the map

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-Zwijndrecht

Ground 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

Hertsens Services BVBA

Hogenakkerhoekstraat 2, 9150 Beveren-Kruibeke-ZwijndrechtWater transport

since 20032.135.578.724

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.

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 84,000 EUR awarded · 84,000 EUR paid

Year	Entries	awarded	paid
2023	1	84,000 EUR	84,000 EUR

Schemes

Subsidies ecologisch en veilig transport (stopgezet)

1 entry · 84,000 EUR · 84,000 EUR paid · Departement Mobiliteit en Openbare Werken

Recognitions · licences · registrations

Dual-learning approval

1 ended

Similar companies · same sector, comparable size

Sint-Niklaas · Eq €5.77M

Merelbeke · Eq €5.58M

D. Cloostermans-Huwaert

BE 0406.873.923

Hamme (Vl.) · Eq €6.12M

Of 3,447 companies in sector 25530 we hold annual accounts for 1,644. 512 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-11-2003

Fiscal year end31-12

Activities, NACEBEL

25530Machining of metals

28520

95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)

50200

Sources

Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

Phone:03/250.12.20

Establishment Beveren-Kruibeke-Zwijndrecht 2.135.578.724