HERVAB
ActiveSummary
HERVAB has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €126,162. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 88% of 976 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+55
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230,000 at 30 days acceptable
Liquidity ample (current ratio 2.33 against 2.23 in 2024; short-term debt: 12.6% and cash: 3.4% of total assets), and 12.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← 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
87.1%
Return on assets
3.5%
Age of the figures
15 mo
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 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
10 d late
2023
29 d early
2022
on the day
2021
on the day
2020
2 d early
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 company by equity in Herentals, Transport and storage sector#5 oldest company in Herentals, Transport and storage sector#7 company by total assets in Herentals, Transport and storage sector
Equity
€3.2m▲ 4.2%
2024 · €3.0m
Total assets
€3.6m▲ 4.2%
2024 · €3.5m
Net result
€126,162
2024 · -€33,497
Working capital
€610,043▲ 14.4%
2024 · €533,044
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€101,898▲ 41.0%-€169,231▼ 66.1%€8,013-€32,982€125,368
Net result-€102,165below the sector's middle half▲ 40.0%-€158,569below the sector's middle half▼ 55.2%€57,538above the sector's middle half-€33,497below the sector's middle half€126,162above the sector's middle half
Equity€3.2mabove the sector's middle half▼ 3.1%€3.0mabove the sector's middle half▼ 5.0%€3.1mabove the sector's middle half▲ 1.9%€3.0mabove the sector's middle half▼ 1.1%€3.2mabove the sector's middle half▲ 4.2%
Total assets€3.5mabove the sector's middle half▼ 2.8%€3.5mabove the sector's middle half▲ 0.8%€3.5mabove the sector's middle half▼ 1.4%€3.5mabove the sector's middle half▲ 0.3%€3.6mabove the sector's middle half▲ 4.2%
Debt€318,065▲ 0.8%€505,165▲ 58.8%€399,212▼ 21.0%€444,259▲ 11.3%€465,504▲ 4.8%
Working capital€864,870above the sector's middle half▼ 10.1%€704,952above the sector's middle half▼ 18.5%€658,000above the sector's middle half▼ 6.7%€533,044above the sector's middle half▼ 19.0%€610,043above the sector's middle half▲ 14.4%
Solvency90.9%above the sector's middle half▼ 0.3pp85.6%above the sector's middle half▼ 5.3pp88.5%above the sector's middle half▲ 2.9pp87.2%above the sector's middle half▼ 1.3pp87.1%above the sector's middle half▼ 0.1pp
Current ratio3.72above the sector's middle half▼ 0.332.43within the sector's middle half▼ 1.282.70within the sector's middle half▲ 0.262.23within the sector's middle half▼ 0.472.33within the sector's middle half▲ 0.11
Return on assets (ROA)-2.9%below the sector's middle half▲ 1.8pp-4.5%below the sector's middle half▼ 1.6pp1.7%within the sector's middle half▲ 6.2pp-1.0%within the sector's middle half▼ 2.6pp3.5%within the sector's middle half▲ 4.4pp
Staff (FTE)1.7▲ 6.3%1.6▼ 5.9%1.3▼ 18.8%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €125,368 after a loss of €32,982 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.6m
Fixed assets
€2.6m ▲ 1.9%
Current assets
€1.1m ▲ 10.3%
Equity and liabilities €3.6m
Equity
€3.2m ▲ 4.2%
Debt
€465,504 ▲ 4.8%
Debt's share of the balance-sheet total rises from 12.8% to 12.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€162,888▲
2024 · -€16,585
Cash flow
€163,682▲
2024 · -€17,100
Quick ratio
0.39▲
2024 · 0.18
Debt to equity
0.15▲
2024 · 0.15
ROE
4.0%▲
2024 · -1.1%
Interest coverage
122.33▲
2024 · -22.01
Debt ≤ 1 year
€457,326▲
2024 · €434,671
Debt > 1 year
€8,178▼
2024 · €9,587
Income taxes
€1
Staff costs
€65,785▼
2024 · €71,464
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,639 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €88,200 | €70,804 | €71,464 | €65,785 | ▼ 7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,768 | €8,388 | €12,497 | €16,397 | €37,520 | ▲ 129% |
| Other operating charges640/8 | - | €59,952 | €64,023 | €69,578 | €70,451 | ▲ 1.3% |
| Gross operating margin9900 | €40,698 | -€12,692 | €155,338 | €124,456 | €299,125 | ▲ 140% |
| Operating profit (loss)9901 | -€101,898 | -€169,231 | €8,013 | -€32,982 | €125,368 | ▲ 480% |
| Financial income75/76B | - | €11,245 | €50,787 | €238 | €2,127 | ▲ 792% |
| Recurring financial income75 | €17 | €11,245 | €188 | €238 | €2,127 | ▲ 792% |
| Non-recurring financial income76B | - | €11,245 | €50,599 | - | - | - |
| Financial charges65/66B | - | €583 | €1,262 | €753 | €1,332 | ▲ 76.7% |
| Recurring financial charges65 | €283 | €583 | €1,262 | €753 | €1,332 | ▲ 76.7% |
| Profit (loss) for the period before taxes9903 | -€102,165 | -€158,569 | €57,538 | -€33,497 | €126,163 | ▲ 477% |
| Income taxes67/77 | - | - | - | - | €1 | - |
| Profit (loss) for the period9904 | -€102,165 | -€158,569 | €57,538 | -€33,497 | €126,162 | ▲ 477% |
| Profit (loss) for the period to be appropriated9905 | -€102,165 | -€158,569 | €57,538 | -€33,497 | €126,162 | ▲ 477% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €3.5m | €3.5m | €3.5m | €3.6m | ▲ 4.2% |
| Fixed assets21/28 | €2.3m | €2.3m | €2.4m | €2.5m | €2.6m | ▲ 1.9% |
| Tangible fixed assets22/27 | €2.3m | €2.3m | €2.4m | €2.5m | €2.5m | ▲ 1.9% |
| Land and buildings22 | - | €2.3m | €2.4m | €2.4m | €2.5m | ▲ 1.5% |
| Plant, machinery and equipment23 | - | €36,406 | €30,730 | €52,529 | €41,281 | ▼ 21.4% |
| Furniture and vehicles24 | - | €1,780 | €890 | €841 | €22,886 | ▲ 2,620% |
| Financial fixed assets28 | - | €6,817 | €6,817 | €6,817 | €6,817 | = |
| Current assets29/58 | €1.2m | €1.2m | €1.0m | €967,715 | €1.1m | ▲ 10.3% |
| Stocks and contracts in progress3 | €1.1m | €1.1m | €890,140 | €890,140 | €890,140 | = |
| Stocks30/36 | - | €1.1m | €890,140 | €890,140 | €890,140 | = |
| Amounts receivable within one year40/41 | €53,980 | €30,169 | €33,972 | €22,772 | €52,483 | ▲ 130% |
| Trade receivables40 | - | €30,169 | €15,024 | €5,079 | €34,790 | ▲ 585% |
| Other amounts receivable41 | - | - | €18,949 | €17,693 | €17,693 | = |
| Cash at bank and in hand54/58 | €66,506 | €103,603 | €112,298 | €47,945 | €122,895 | ▲ 156% |
| Deferred charges and accrued income490/1 | - | €11,004 | €9,768 | €6,858 | €1,850 | ▼ 73.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €3.5m | €3.5m | €3.5m | €3.6m | ▲ 4.2% |
| Equity10/15 | €3.2m | €3.0m | €3.1m | €3.0m | €3.2m | ▲ 4.2% |
| Contributions10/11 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Capital10 | - | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Issued capital100 | - | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Reserves13 | €230,286 | €230,286 | €230,286 | €230,286 | €230,286 | = |
| Non-distributable reserves130/1 | - | €188,816 | €188,816 | €188,816 | €188,816 | = |
| Legal reserve130 | - | €186,000 | €186,000 | €186,000 | €186,000 | = |
| Reserves not available under the articles1311 | - | €2,816 | €2,816 | €2,816 | €2,816 | = |
| Tax-exempt reserves132 | - | €41,469 | €41,469 | €41,469 | €41,469 | = |
| Profit (loss) carried forward14 | €1.1m | €916,047 | €973,585 | €940,088 | €1.1m | ▲ 13.4% |
| Amounts payable17/49 | €318,065 | €505,165 | €399,212 | €444,259 | €465,504 | ▲ 4.8% |
| Amounts payable after more than one year17 | - | €13,800 | €10,997 | €9,587 | €8,178 | ▼ 14.7% |
| Financial debts170/4 | - | €13,800 | €10,997 | €9,587 | €8,178 | ▼ 14.7% |
| Amounts payable within one year42/48 | €318,065 | €491,365 | €388,179 | €434,671 | €457,326 | ▲ 5.2% |
| Current portion of amounts payable after more than one year42 | - | - | €1,410 | €1,410 | €1,410 | = |
| Trade debts44 | €30,542 | €55,839 | €2,511 | €13,526 | €4,439 | ▼ 67.2% |
| Suppliers440/4 | - | €55,839 | €2,511 | €13,526 | €4,439 | ▼ 67.2% |
| Taxes, remuneration and social security45 | - | €17,929 | €7,465 | €20,722 | €12,675 | ▼ 38.8% |
| Taxes450/3 | - | €6,161 | €8 | €10,716 | €6,158 | ▼ 42.5% |
| Remuneration and social security454/9 | - | €11,768 | €7,457 | €10,006 | €6,517 | ▼ 34.9% |
| Other amounts payable47/48 | - | €417,598 | €376,793 | €399,013 | €438,803 | ▲ 10.0% |
| Accrued charges and deferred income492/3 | - | - | €36 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€102,165 | -€158,569 | €57,538 | -€33,497 | €126,162 | ▲ 477% |
| + Depreciation and write-downs630 | €10,768 | €8,388 | €12,497 | €16,397 | €37,520 | ▲ 129% |
| Operating cash flow (approximation) | -€91,397 | -€150,182 | €70,036 | -€17,100 | €163,682 | ▲ 1,057% |
| Investment in fixed assets (approximation) | - | -€23,537 | -€114,221 | -€106,410 | -€85,274 | ▲ 19.9% |
| Change in cash | - | €37,096 | €8,695 | -€64,353 | €74,951 | ▲ 216% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €126,162
Net result €126,162 after one loss-making year.
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 10 days late
2024
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €57,538
Net result €57,538 after 4 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
19-12
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Herentals · 4 establishment units since 1990
Ground area
2.9 ha
Building footprint
5,483 m²
Volume, LiDAR
32,922 m³
4 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
4 establishment units
HERVAB NV
since 19902.048.694.834
HERVAB
since 19902.231.560.521
HERVAB
since 19902.231.560.818
HERVAB
since 19902.231.561.214
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13011E0302/00G002 | Flanders | 2.1 ha | 1 · 5,012 m² | 11.4 m · 2 fl. |
| 13302C0585/00D000 | Flanders | 4,954 m² | - | - |
| 13302C0517/00A002 | Flanders | 1,719 m² | 1 · 272 m² | - |
| 13302D0564/00D007 | Flanders | 720 m² | 1 · 199 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,031 companies in sector 52100 we hold annual accounts for 769. 457 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-05-1990
Fiscal year end30-06
Activities, NACEBEL 2025
49410Freight transport by road
52100Warehousing and storage
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440624478
Also
9925:BE0440624478
Registered
31-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.