HERVAGO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.31M and a net result of €169k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 7980 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2023
30 d late
2022
5 d early
2021
33 d early
2020
30 d early
2019
147 d early
2018
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€4.31M▼ 7.1%
2023 · €4.64M
2018: €5.47M
2019: €5.51M
2020: €5.77M
2021: €3.65M
2022: €3.80M
2023: €4.64M
2018 → 2025
Net result
€169k▼ 94.8%
2023 · €3.24M
2018: €12k
2019: €38k
2020: €259k
2021: €-2.12M
2022: €152k
2023: €3.24M
2018 → 2025
Total assets
€4.96M▼ 23.4%
2023 · €6.48M
2018: €6.03M
2019: €6.10M
2020: €6.22M
2021: €4.30M
2022: €4.37M
2023: €6.48M
2018 → 2025
Solvency
86.9%▲ 15.3pp
2023 · 71.6%
2018: 90.9%
2019: 90.4%
2020: 92.9%
2021: 84.8%
2022: 87.0%
2023: 71.6%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€5.77M-€3.65M▼ 36.8%€3.80M▲ 4.2%€4.64M▲ 22.0%€4.31M▼ 7.1%
Operating result€48k-€42k▼ 13.1%€103k▲ 146%€3.27M▲ 3,081%€62k▼ 98.1%
Net result€259k-€-2.12M€152k€3.24M▲ 2,026%€169k▼ 94.8%
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 is €62k in 2025, compared with €3.27M in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €4.96M
Fixed assets
€841k▲ 99.0%
Current assets
€4.12M▼ 32.0%
Equity and liabilities €4.96M
Equity
€4.31M▼ 7.1%
Debt
€652k▼ 64.6%
The debt ratio falls from 28.4% to 13.1%. Equity and debt are lower.
Key figures and ratios
Solvency
86.9%▲
2023 · 71.6%
ROE
3.9%▼
2023 · 69.8%
ROA
3.4%▼
2023 · 50.0%
Debt
€652k▼
2023 · €1.84M
Debt ≤ 1 year
€519k▼
2023 · €1.64M
Debt > 1 year
€132k▼
2023 · €197k
Income taxes
€11k▼
2023 · €20k
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€6.48M€4.96M▼
Fixed assets21/28€423k€841k▲
Tangible fixed assets22/27€230k€199k▼
Land and buildings22€228k€197k▼
Furniture and vehicles24€2k€2k▲
Financial fixed assets28€193k€642k▲
Current assets29/58€6.05M€4.12M▼
Amounts receivable after more than one year29€196k€316k▲
Other amounts receivable291€196k€316k▲
Amounts receivable within one year40/41€5.22M€3.64M▼
Trade receivables40€260k€6k▼
Other amounts receivable41€4.96M€3.63M▼
Cash at bank and in hand54/58€617k€138k▼
Deferred charges and accrued income490/1€21k€26k▲
Equity and liabilities
Total equity and liabilities10/49€6.48M€4.96M▼
Equity10/15€4.64M€4.31M▼
Contributions10/11€594k€94k▼
Reserves13€4.04M€4.21M▲
Non-distributable reserves130/1€72k€72k=
Reserves not available under the articles1311€72k€72k=
Distributable reserves133€3.97M€4.14M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€1.84M€652k▼
Amounts payable after more than one year17€197k€132k▼
Financial debts170/4€197k€132k▼
Amounts payable within one year42/48€1.64M€519k▼
Current portion of amounts payable after more than one year42€38k€36k▼
Trade debts44€242€486▲
Suppliers440/4€242€486▲
Taxes, remuneration and social security45€106k€4k▼
Taxes450/3€106k€2k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€1.50M€478k▼
Accrued charges and deferred income492/3€550€583▲
Income statement
Code20232025
Non-recurring operating income76A€3.19M€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€32k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€1.15M
Other operating charges640/8€6k€7k▲
Gross operating margin9900€3.32M€1.25M▼
Operating profit (loss)9901€3.27M€62k▼
Financial income75/76B€0€134k▲
Recurring financial income75€0€4k▲
Non-recurring financial income76B-€130k
Financial charges65/66B€12k€16k▲
Recurring financial charges65€12k€16k▲
Profit (loss) for the period before taxes9903€3.26M€180k▼
Income taxes67/77€20k€11k▼
Profit (loss) for the period9904€3.24M€169k▼
Profit (loss) for the period to be appropriated9905€3.24M€169k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.68M€169k▼
Profit (loss) brought forward from the previous period14P€441k€0▼
Transfer to equity691/2€3.68M€169k▼
To other reserves6921€3.68M€169k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity doublescurrent ratio 7.93
Current ratio from 3.69 to 7.93; short-term debt falls from €1.64M to €519k.
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €3.24M ▲2026%
Operating result €3.27M, net result €3.24M, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €152k
Net result €152k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-2.12M ▼919%
Net result drops to €-2.12M, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Herselt · 1 establishment unit since 2005
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.
Dieperstraat 1082230 HerseltGround area
2,747 m²
Building footprint
391 m²
Volume, LiDAR
2,194 m³
2 parcels, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hervago
since 20052.147.533.874
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13392L0401/00H000 | Flanders | 1,624 m² | 1 · 137 m² | 11.0 m · 2 fl. |
| 13392L0397/00E002 | Flanders | 1,124 m² | 1 · 253 m² | 7.6 m · 1 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.
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 8,600 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-2005
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
70220Business consulting
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 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.