HERVADO
ActiveHERVADO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €678k and a net result of €77k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 7931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-8
Solvency98▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 3.45 against 2.43 in 2024; short-term debt: 24.9% and cash: 22.5% of total assets), and 26.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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
73.5%
Return on assets
8.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
22 d early
2023
9 d early
2022
11 d early
2021
6 d early
2020
3 d late
2019
46 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€678k▲ 4.1%
2024 · €652k
2018: €440k
2019: €404k
2020: €442k
2021: €476k
2022: €550k
2023: €596k
2024: €652k
2018 → 2025
Total assets
€923k▼ 11.7%
2024 · €1.05M
2018: €1.19M
2019: €1.17M
2020: €1.30M
2021: €1.40M
2022: €1.31M
2023: €950k
2024: €1.05M
2018 → 2025
Net result
€77k▼ 50.8%
2024 · €156k
2018: €-12k
2019: €-35k
2020: €37k
2021: €34k
2022: €74k
2023: €46k
2024: €156k
2018 → 2025
Working capital
€565k▲ 9.3%
2024 · €517k
2018: €362k
2019: €324k
2020: €380k
2021: €414k
2022: €471k
2023: €457k
2024: €517k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€476k-€550k▲ 15.5%€596k▲ 8.3%€652k▲ 9.4%€678k▲ 4.1%
Operating result€49k-€102k▲ 110%€69k▼ 32.4%€174k▲ 152%€142k▼ 18.4%
Net result€34k-€74k▲ 115%€46k▼ 38.2%€156k▲ 241%€77k▼ 50.8%
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 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €923k
Fixed assets
€128k▼ 22.7%
Current assets
€795k▼ 9.6%
Equity and liabilities €923k
Equity
€678k▲ 4.1%
Debt
€245k▼ 37.8%
The debt ratio falls from 37.7% to 26.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€185k▼
2024 · €215k
Cash flow
€120k▼
2024 · €197k
Solvency
73.5%▲
2024 · 62.3%
Current ratio
3.45▲
2024 · 2.43
Quick ratio
3.15▲
2024 · 2.28
Debt / equity
0.36▼
2024 · 0.60
ROE
11.3%▼
2024 · 23.9%
ROA
8.3%▼
2024 · 14.9%
Interest coverage
48.00▲
2024 · 38.36
Debt
€245k▼
2024 · €394k
Debt ≤ 1 year
€230k▼
2024 · €363k
Debt > 1 year
€15k▼
2024 · €31k
Income taxes
€62k▲
2024 · €13k
Staff costs
€979▲
2024 · €188
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€1.05M€923k▼
Fixed assets21/28€166k€128k▼
Intangible fixed assets21€15k€16k▲
Tangible fixed assets22/27€151k€112k▼
Land and buildings22€1k€895▼
Plant, machinery and equipment23€15k€9k▼
Furniture and vehicles24€74k€53k▼
Leasing and similar rights25€9k€4k▼
Other tangible fixed assets26€52k€45k▼
Current assets29/58€879k€795k▼
Stocks and contracts in progress3€53k€71k▲
Stocks30/36€53k€71k▲
Amounts receivable within one year40/41€667k€512k▼
Trade receivables40€663k€498k▼
Other amounts receivable41€4k€15k▲
Cash at bank and in hand54/58€157k€208k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€923k▼
Equity10/15€652k€678k▲
Contributions10/11€136k€136k=
Reserves13€515k€542k▲
Tax-exempt reserves132€21k€21k=
Distributable reserves133€494k€521k▲
Amounts payable17/49€394k€245k▼
Amounts payable after more than one year17€31k€15k▼
Financial debts170/4€31k€15k▼
Amounts payable within one year42/48€363k€230k▼
Current portion of amounts payable after more than one year42€22k€16k▼
Trade debts44€272k€191k▼
Suppliers440/4€272k€191k▼
Taxes, remuneration and social security45€3k€20k▲
Taxes450/3€3k€20k▲
Other amounts payable47/48€67k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€188€979▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€43k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k-
Other operating charges640/8€4k€4k▲
Gross operating margin9900€225k€191k▼
Operating profit (loss)9901€174k€142k▼
Financial income75/76B€183€452▲
Recurring financial income75€183€452▲
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€169k€139k▼
Income taxes67/77€13k€62k▲
Profit (loss) for the period9904€156k€77k▼
Transfer to tax-exempt reserves689€21k-
Profit (loss) for the period to be appropriated9905€135k€77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€135k€77k▼
Transfer from equity791/2€100k€50k▼
Transfer to equity691/2€135k€77k▼
To other reserves6921€135k€77k▼
Profit to be distributed694/7€100k€50k▼
Return on contributions (dividend)694€100k€50k▼
The notes to these accounts (14 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €156k ▲241%
Operating result €174k, net result €156k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €550k ▲15.5%
3 profitable years in a row build equity to €550k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 3 days late
2020
31-12
Financial
Back to profitnet €37k
Net result €37k after 2 loss-making years.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
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, Kalmthout · 1 establishment unit 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.
Brasschaatsteenweg (C) 1562920 KalmthoutGround area
8,819 m²
Building footprint
1,295 m²
Volume, LiDAR
7,777 m³
Parcel 11662E0258/00V000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HERVADO BVBA
since 19952.072.939.191
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0258/00V000 | Flanders | 8,819 m² | 1 · 1,295 m² | 7.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKalmthout2.072.939.191
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Of 689 companies in sector 46216 we hold annual accounts for 476. 398 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-1995
Fiscal year end31-12
Activities, NACEBEL
46216Wholesale of agricultural produce and animal feed, general range
51210
Sources
Crossroads Bank for EnterprisesNational Bank · 31 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.