HERVAIN
ActiveSummary
HERVAIN has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.49M and a net result of €49k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 23% of 142 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability64▼-13
Solvency51▼-13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.87 in 2025; short-term debt: 20.6% and cash: 1.5% of total assets), and 74% 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
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 2026Solvency, return and age of the figures
Solvency
26%
Return on assets
0.9%
Age of the figures
6 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 142 sector peers (2026).
NBB · sector comparisonPosition among 142 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 04-09-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
57 d early
2025
on the day
2024
15 d early
2023
11 d early
2022
4 d early
2021
32 d early
2020
46 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€49k▼ 79.5%
2025 · €240k
Working capital
€-572k▼ 396%
2025 · €-115k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€104k▲ 225%€175k▲ 68.6%€891k▲ 409%€386k▼ 56.7%€165k▼ 57.3%
Net result€66k▲ 437%€63k▼ 5.7%€643k▲ 928%€240k▼ 62.7%€49k▼ 79.5%
Equity€495k▲ 15.5%€557k▲ 12.6%€1.20M▲ 115%€1.44M▲ 20.0%€1.49M▲ 3.4%
Total assets€3.59M▼ 29.7%€2.89M▼ 19.7%€3.65M▲ 26.3%€3.71M▲ 1.9%€5.73M▲ 54.2%
Debt€3.10M▼ 33.9%€2.33M▼ 24.8%€2.27M▼ 2.6%€2.10M▼ 7.6%€4.07M▲ 94.0%
Working capital€-708k▲ 84.1%€-882k▼ 24.6%€-1.04M▼ 18.3%€-115k▲ 88.9%€-572k▼ 396%
Staff (FTE)000
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2026 is 57% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €5.73M
Fixed assets
€5.12M ▲ 76.1%
Current assets
€607k ▼ 24.9%
Equity and liabilities €5.73M
Equity
€1.49M ▲ 3.4%
Provisions
€168k ▼ 4.7%
Debt
€4.07M ▲ 94.0%
Debt's share of the balance-sheet total rises from 56.5% to 71.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€531k▲
2025 · €523k
Cash flow
€415k▲
2025 · €377k
Current ratio
0.51▼
2025 · 0.87
Debt to equity
2.73▲
2025 · 1.46
ROE
3.3%▼
2025 · 16.7%
ROA
0.9%▼
2025 · 6.5%
Interest coverage
5.31▼
2025 · 8.72
Debt ≤ 1 year
€1.18M▲
2025 · €923k
Debt > 1 year
€2.89M▲
2025 · €1.17M
Income taxes
€25k▼
2025 · €86k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €707k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59k | €67k | €120k | €137k | €366k | ▲ 167% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-248 | €0 | - | - | - |
| Other operating charges640/8 | €13k | €14k | €8k | €4k | €4k | ▼ 4.4% |
| Non-recurring operating charges66A | - | - | €113 | €0 | €53k | - |
| Gross operating margin9900 | €177k | €256k | €1.02M | €527k | €588k | ▲ 11.6% |
| Operating profit (loss)9901 | €104k | €175k | €891k | €386k | €165k | ▼ 57.3% |
| Financial income75/76B | €27k | €11k | €2k | €46 | €944 | ▲ 1,941% |
| Recurring financial income75 | €27k | €11k | €2k | €46 | €944 | ▲ 1,941% |
| Financial charges65/66B | €43k | €102k | €35k | €60k | €100k | ▲ 66.7% |
| Recurring financial charges65 | €43k | €102k | €35k | €60k | €100k | ▲ 66.7% |
| Profit (loss) for the period before taxes9903 | €88k | €84k | €858k | €326k | €66k | ▼ 79.8% |
| Transfer from deferred taxes780 | - | - | - | - | €8k | - |
| Transfer to deferred taxes680 | - | - | €177k | €0 | - | - |
| Income taxes67/77 | €22k | €21k | €38k | €86k | €25k | ▼ 70.8% |
| Profit (loss) for the period9904 | €66k | €63k | €643k | €240k | €49k | ▼ 79.5% |
| Transfer from tax-exempt reserves789 | €0 | €16k | €0 | - | €25k | - |
| Transfer to tax-exempt reserves689 | - | - | €530k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €66k | €78k | €113k | €240k | €74k | ▼ 69.0% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.59M | €2.89M | €3.65M | €3.71M | €5.73M | ▲ 54.2% |
| Fixed assets21/28 | €1.28M | €2.06M | €2.90M | €2.91M | €5.12M | ▲ 76.1% |
| Tangible fixed assets22/27 | €1.28M | €2.06M | €2.90M | €2.91M | €5.12M | ▲ 76.1% |
| Land and buildings22 | €882k | €905k | €629k | €718k | €2.96M | ▲ 313% |
| Plant, machinery and equipment23 | - | €452k | €435k | €395k | €409k | ▲ 3.4% |
| Furniture and vehicles24 | - | €311k | €267k | €222k | €177k | ▼ 20.1% |
| Assets under construction and advance payments27 | €395k | €395k | €1.57M | €1.57M | €1.57M | = |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €2.32M | €824k | €745k | €808k | €607k | ▼ 24.9% |
| Amounts receivable within one year40/41 | €2.27M | €814k | €724k | €793k | €512k | ▼ 35.3% |
| Trade receivables40 | €596k | €812k | €721k | €792k | €512k | ▼ 35.4% |
| Other amounts receivable41 | €1.67M | €1k | €3k | €109 | €154 | ▲ 41.3% |
| Current investments50/53 | €84 | €5 | €13 | - | - | - |
| Cash at bank and in hand54/58 | €48k | €3k | €12k | €7k | €84k | ▲ 1,123% |
| Deferred charges and accrued income490/1 | €3k | €7k | €9k | €8k | €10k | ▲ 20.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.59M | €2.89M | €3.65M | €3.71M | €5.73M | ▲ 54.2% |
| Equity10/15 | €495k | €557k | €1.20M | €1.44M | €1.49M | ▲ 3.4% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €433k | €495k | €1.14M | €1.38M | €1.43M | ▲ 3.6% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €16k | €0 | €530k | €530k | €505k | ▼ 4.7% |
| Distributable reserves133 | €411k | €489k | €602k | €842k | €917k | ▲ 8.8% |
| Provisions and deferred taxes16 | - | - | €177k | €177k | €168k | ▼ 4.7% |
| Deferred taxes168 | - | - | €177k | €177k | €168k | ▼ 4.7% |
| Amounts payable17/49 | €3.10M | €2.33M | €2.27M | €2.10M | €4.07M | ▲ 94.0% |
| Amounts payable after more than one year17 | €75k | €624k | €482k | €1.17M | €2.89M | ▲ 146% |
| Financial debts170/4 | €75k | €624k | €482k | €1.17M | €2.89M | ▲ 146% |
| Amounts payable within one year42/48 | €3.02M | €1.71M | €1.79M | €923k | €1.18M | ▲ 27.7% |
| Current portion of amounts payable after more than one year42 | €15k | €125k | €112k | €210k | €355k | ▲ 69.0% |
| Financial debts43 | €223k | €0 | €7k | €4k | €0 | ▼ 100% |
| Credit institutions430/8 | €223k | €0 | €7k | €4k | €0 | ▼ 100% |
| Trade debts44 | €2.29M | €697k | €776k | €435k | €164k | ▼ 62.3% |
| Suppliers440/4 | €2.29M | €697k | €776k | €435k | €164k | ▼ 62.3% |
| Taxes, remuneration and social security45 | €496k | €988 | €450 | €61k | €30 | ▼ 100.0% |
| Taxes450/3 | €496k | €988 | €450 | €61k | €30 | ▼ 100.0% |
| Other amounts payable47/48 | €0 | €883k | €892k | €213k | €659k | ▲ 209% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66k | €63k | €643k | €240k | €49k | ▼ 79.5% |
| + Depreciation and write-downs630 | €59k | €67k | €120k | €137k | €366k | ▲ 167% |
| Operating cash flow (approximation) | €126k | €129k | €763k | €377k | €415k | ▲ 10.0% |
| Investment in fixed assets (approximation) | - | €-853k | €-959k | €-141k | €-2.58M | ▼ 1,724% |
| Change in cash | - | €-45k | €9k | €-5k | €77k | ▲ 1,580% |
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 2027, expected by
2026
04-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €643k ▲928%
Operating result €891k, net result €643k, both a record.
31-03
Financial
Equity above €1MEq €1.20M ▲115%
6 profitable years in a row build equity to €1.20M.
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €500kEq €557k ▲12.6%
5 profitable years in a row build equity to €557k.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €12k ▼92.9%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Katelijne-Waver · 1 establishment unit since 1997
Ground area
1.9 ha
Building footprint
8,891 m²
Volume, LiDAR
7,461 m³
Parcel 12422D0863/00A000, Flanders · tallest building 12.0 m. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Hoveniersstraat 28, 2860 Sint-Katelijne-Waver
since 19972.074.461.992
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422D0863/00A000 | Flanders | 1.9 ha | 1 · 8,891 m² | 12.0 m |
Linked by address, not proof of ownership
Good to know
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
2022 to 2023 · 2 entries · 82,647 EUR awarded · 82,647 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 82,647 EUR |
| 2022 | 1 | 82,647 EUR | 0 EUR |
Schemes
Recognitions · licences · registrations
Legal Entity Identifier
254900XY2J2EKQFEM114
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Of 1,566 companies in sector 46900 we hold annual accounts for 920. 562 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
Founded10-11-1995
Fiscal year end31-03
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
52210Service activities incidental to land transportation
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
Phone
0495186351Sint-Katelijne-Waver
Scores and ratios are computed by Checked and are not a credit decision.