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.
Credit check 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 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
25-09-2026 today31-03-2027 close31-10-2027 deadline
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
2019: €65k
2020: €175k▲ +169% vs 2019
2021: €12k▼ -92.9% vs 2020lowest in 8 years
2022: €66k▲ +437% vs 2021
2023: €63k▼ -5.7% vs 2022
2024: €643k▲ +928% vs 2023highest in 8 years
2025: €240k▼ -62.7% vs 2024
2026: €49k▼ -79.5% vs 2025
2019 → 2026
Working capital
€-572k▼ 396%
2025 · €-115k
2019: €66k
2020: €106k▲ +58.9% vs 2019highest in 8 years
2021: €-4.46M▼ -4321% vs 2020lowest in 8 years
2022: €-708k▲ +84.1% vs 2021
2023: €-882k▼ -24.6% vs 2022
2024: €-1.04M▼ -18.3% vs 2023
2025: €-115k▲ +88.9% vs 2024
2026: €-572k▼ -396% vs 2025
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€495k-€557k▲ 12.6%€1.20M▲ 115%€1.44M▲ 20.0%€1.49M▲ 3.4%
2022: €495klowest in 5 years
2023: €557k▲ +12.6% vs 2022
2024: €1.20M▲ +115% vs 2023
2025: €1.44M▲ +20.0% vs 2024
2026: €1.49M▲ +3.4% vs 2025highest in 5 years
Operating result€104k-€175k▲ 68.6%€891k▲ 409%€386k▼ 56.7%€165k▼ 57.3%
2022: €104klowest in 5 years
2023: €175k▲ +68.6% vs 2022
2024: €891k▲ +409% vs 2023highest in 5 years
2025: €386k▼ -56.7% vs 2024
2026: €165k▼ -57.3% vs 2025
Net result€66k-€63k▼ 5.7%€643k▲ 928%€240k▼ 62.7%€49k▼ 79.5%
2022: €66k
2023: €63k▼ -5.7% vs 2022
2024: €643k▲ +928% vs 2023highest in 5 years
2025: €240k▼ -62.7% vs 2024
2026: €49k▼ -79.5% vs 2025lowest in 5 years
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.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 60 lines
Balance sheet
Code20252026
Assets
Total assets20/58€3.71M€5.73M▲
Fixed assets21/28€2.91M€5.12M▲
Tangible fixed assets22/27€2.91M€5.12M▲
Land and buildings22€718k€2.96M▲
Plant, machinery and equipment23€395k€409k▲
Furniture and vehicles24€222k€177k▼
Assets under construction and advance payments27€1.57M€1.57M=
Financial fixed assets28€400€400=
Current assets29/58€808k€607k▼
Amounts receivable within one year40/41€793k€512k▼
Trade receivables40€792k€512k▼
Other amounts receivable41€109€154▲
Cash at bank and in hand54/58€7k€84k▲
Deferred charges and accrued income490/1€8k€10k▲
Equity and liabilities
Total equity and liabilities10/49€3.71M€5.73M▲
Equity10/15€1.44M€1.49M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.38M€1.43M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€530k€505k▼
Distributable reserves133€842k€917k▲
Provisions and deferred taxes16€177k€168k▼
Deferred taxes168€177k€168k▼
Amounts payable17/49€2.10M€4.07M▲
Amounts payable after more than one year17€1.17M€2.89M▲
Financial debts170/4€1.17M€2.89M▲
Amounts payable within one year42/48€923k€1.18M▲
Current portion of amounts payable after more than one year42€210k€355k▲
Financial debts43€4k€0▼
Credit institutions430/8€4k€0▼
Trade debts44€435k€164k▼
Suppliers440/4€435k€164k▼
Taxes, remuneration and social security45€61k€30▼
Taxes450/3€61k€30▼
Other amounts payable47/48€213k€659k▲
Income statement
Code20252026
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€137k€366k▲
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€0€53k▲
Gross operating margin9900€527k€588k▲
Operating profit (loss)9901€386k€165k▼
Financial income75/76B€46€944▲
Recurring financial income75€46€944▲
Financial charges65/66B€60k€100k▲
Recurring financial charges65€60k€100k▲
Profit (loss) for the period before taxes9903€326k€66k▼
Transfer from deferred taxes780-€8k
Transfer to deferred taxes680€0-
Income taxes67/77€86k€25k▼
Profit (loss) for the period9904€240k€49k▼
Transfer from tax-exempt reserves789-€25k
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€240k€74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€240k€74k▼
Transfer to equity691/2€240k€74k▼
To other reserves6921€240k€74k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| 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
Call groene stroom (stopgezet)
Recognitions · licences · registrations
Legal Entity Identifier
254900XY2J2EKQFEM114
Similar companies · same sector, comparable size
R.B.S.
BE 0461.093.557
Hasselt · Eq €1,492,412
GHEKIERE INDUSTRIES
BE 0467.103.005
Kuurne · Eq €1,486,552
B & O INTERNATIONAL CONNECTIONS
BE 0454.848.143
Meise · Eq €1,511,798
Easy Systems Benelux
BE 0891.334.879
Geel · Eq €1,514,010
BLUE DROPS
BE 0718.716.352
Gent · Eq €1,527,419
Of 1,565 companies in sector 46900 we hold annual accounts for 920. 563 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.