HERVE CALLENS
ActiveSummary
HERVE CALLENS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €575k and a net result of €717. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 51% of 1030 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▼-4
Solvency72=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.75 against 2.88 in 2024; short-term debt: 20% and cash: 2.4% of total assets), but 52.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
47.4%
Return on assets
0.1%
Age of the figures
12 mo
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 10-03-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
56 d early
2023
48 d early
2022
53 d early
2021
59 d early
2020
56 d early
2019
50 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€575k▼ 7.9%
2024 · €625k
2018: €222k
2019: €313k
2020: €426k
2021: €531k
2022: €583k
2023: €623k
2024: €625k
2018 → 2025
Total assets
€1.21M▼ 7.8%
2024 · €1.32M
2018: €688k
2019: €966k
2020: €1.49M
2021: €1.39M
2022: €1.67M
2023: €1.44M
2024: €1.32M
2018 → 2025
Net result
€717▼ 93.6%
2024 · €11k
2018: €77k
2019: €90k
2020: €108k
2021: €105k
2022: €102k
2023: €61k
2024: €11k
2018 → 2025
Working capital
€426k▼ 9.9%
2024 · €473k
2018: €356k
2019: €351k
2020: €414k
2021: €445k
2022: €462k
2023: €478k
2024: €473k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€531k-€583k▲ 9.8%€623k▲ 7.0%€625k▲ 0.2%€575k▼ 7.9%
Operating result€151k-€145k▼ 3.9%€102k▼ 29.8%€39k▼ 62.0%€24k▼ 37.3%
Net result€105k-€102k▼ 2.8%€61k▼ 40.2%€11k▼ 81.6%€717▼ 93.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 37% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.21M
Fixed assets
€545k ▼ 8.0%
Current assets
€669k ▼ 7.7%
Equity and liabilities €1.21M
Equity
€575k ▼ 7.9%
Debt
€638k ▼ 7.7%
Debt's share of the balance-sheet total stays at 52.6%.
Key figures and ratios
EBITDA
€72k▼
2024 · €93k
Cash flow
€48k▼
2024 · €65k
Current ratio
2.75▼
2024 · 2.88
Quick ratio
0.93▼
2024 · 0.97
Debt to equity
1.11▲
2024 · 1.11
ROE
0.1%▼
2024 · 1.8%
ROA
0.1%▼
2024 · 0.9%
Interest coverage
3.10▼
2024 · 3.55
Debt ≤ 1 year
€243k▼
2024 · €251k
Debt > 1 year
€395k▼
2024 · €440k
Income taxes
€3k▼
2024 · €3k
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.32M€1.21M▼
Fixed assets21/28€592k€545k▼
Intangible fixed assets21€546k€508k▼
Tangible fixed assets22/27€46k€37k▼
Plant, machinery and equipment23€18k€13k▼
Furniture and vehicles24€29k€24k▼
Current assets29/58€724k€669k▼
Stocks and contracts in progress3€481k€443k▼
Stocks30/36€481k€443k▼
Amounts receivable within one year40/41€178k€175k▼
Trade receivables40€155k€151k▼
Other amounts receivable41€22k€24k▲
Cash at bank and in hand54/58€66k€29k▼
Deferred charges and accrued income490/1-€23k
Equity and liabilities
Total equity and liabilities10/49€1.32M€1.21M▼
Equity10/15€625k€575k▼
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€500k€450k▼
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€487k€438k▼
Amounts payable17/49€691k€638k▼
Amounts payable after more than one year17€440k€395k▼
Financial debts170/4€440k€395k▼
Amounts payable within one year42/48€251k€243k▼
Financial debts43€194k€145k▼
Credit institutions430/8€194k€145k▼
Trade debts44€36k€63k▲
Suppliers440/4€36k€63k▲
Taxes, remuneration and social security45€11k€5k▼
Taxes450/3€11k€5k▼
Other amounts payable47/48€10k€29k▲
Income statement
Code20242025
Non-recurring operating income76A€1k€1k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€47k▼
Other operating charges640/8€9k€9k▲
Gross operating margin9900€102k€81k▼
Operating profit (loss)9901€39k€24k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€1k▼
Non-recurring financial income76B-€698
Financial charges65/66B€26k€23k▼
Recurring financial charges65€26k€23k▼
Profit (loss) for the period before taxes9903€15k€3k▼
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€11k€717▼
Profit (loss) for the period to be appropriated9905€11k€717▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€717▼
Transfer from equity791/2-€50k
Transfer to equity691/2€1k€717▼
To other reserves6921€1k€717▼
Profit to be distributed694/7€10k€50k▲
Return on contributions (dividend)694€10k€50k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (10 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
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €717 ▼93.6%
Net result drops to €717, the lowest in the series.
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €500kEq €531k ▲24.6%
4 profitable years in a row build equity to €531k.
05-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €108k ▲19.8%
Net result €108k, the highest in the series.
11-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-03
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.
Directors · office · real estate
Directors
6 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, Waregem · 1 establishment unit since 1988
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.
Franklin Rooseveltlaan 458790 WaregemGround area
1,714 m²
Building footprint
971 m²
Parcel 34452B0576/00D004, Flanders. Linked by address, not a title deed.
1 establishment unit
HERVE CALLENS
since 19882.037.466.885
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0576/00D004 | Flanders | 1,714 m² | 1 · 970 m² | - |
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.
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Of 557 companies in sector 25999 we hold annual accounts for 351. 254 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-04-1988
Fiscal year end30-09
Activities, NACEBEL 2025
25999Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.