Financials
- Fiscal year
- 2025
- Total assets
- €2.2m
- Profit
- €172,143
- Solvency
- 71.5%
Total assets▲ 17.8%
Net result
20182025
HERW!N
ActiveSummary
HERW!N has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €172,143. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Activities of business and employers' organisations
NACE 94110Libraries, archives, museums and other cultural activities NACE 91110
#8 company by staff growth in Ghent, Other services sector1 site
Size
€2.2mtotal assets 2025
- Staff
- 14.5 FTE
- Equity
- €1.5m
- Profit
- €172,143
Net result +174%: other schema
Structure
Accounts 24 d early4 of 20 deeds read
Why 96+ Legal form Non-profit association+ Liquidity: current ratio 3.67, cash €646,099+ Sector Activities of membership organisations (NACE 94)+ Equity €1.5m (71.5% of total assets)Show the evidence
Checked score
Score 2025
96
/ 100
Excellent
Probability in this band: under 0.55%
Better than 69% of its sector peers (NACE 94, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
97-3
equity 71.5% of total assets
Liquidity
77-1
short-term debt 27.1% · cash 29.9%
Profitability
79+6
return on assets 8.0%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%lowest value
12-2024: < 0.1%● 0.0% vs 11-2024lowest value
01-2025: < 0.1%● 0.0% vs 12-2024lowest value
02-2025: < 0.1%● 0.0% vs 01-2025lowest value
03-2025: < 0.1%● 0.0% vs 02-2025lowest value
04-2025: < 0.1%● 0.0% vs 03-2025lowest value
05-2025: < 0.1%● 0.0% vs 04-2025lowest value
06-2025: < 0.1%● 0.0% vs 05-2025lowest value
07-2025: < 0.1%▲ +20.0% vs 06-2025
08-2025: < 0.1%● 0.0% vs 07-2025
09-2025: < 0.1%● 0.0% vs 08-2025
10-2025: < 0.1%● 0.0% vs 09-2025
11-2025: < 0.1%● 0.0% vs 10-2025
12-2025: < 0.1%● 0.0% vs 11-2025
01-2026: < 0.1%● 0.0% vs 12-2025
02-2026: < 0.1%● 0.0% vs 01-2026
03-2026: < 0.1%▲ +16.7% vs 02-2026highest value
04-2026: < 0.1%● 0.0% vs 03-2026highest value
05-2026: < 0.1%● 0.0% vs 04-2026highest value
06-2026: < 0.1%● 0.0% vs 05-2026highest value
07-2026: < 0.1%● 0.0% vs 06-2026highest value
08-2026: < 0.1%▼ -28.6% vs 07-2026lowest value
09-2026: < 0.1%● 0.0% vs 08-2026lowest value
10-2026: < 0.1%● 0.0% vs 09-2026lowest value
- Legal form Non-profit association lowers the probability
- Liquidity: current ratio 3.67, cash €646,099 lowers the probability
- Sector Activities of membership organisations (NACE 94) lowers the probability
- Equity €1.5m (71.5% of total assets) lowers the probability
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 3.67 against 4.22 in 2024; short-term debt: 27.1% and cash: 29.9% of total assets), and 28.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 94, small). Better than this share of them on solvency 67%, liquidity 53%, profitability 78%, growth against the median 77%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
48 d early
2023
27 d early
2022
27 d early
2021
24 d late
2020
46 d late
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 5 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Appointments: Koen Vandekerckhove (day-to-day manager) and…Resignation: Ludo Lathouwers (director)
- Annual accounts filedfiscal year 2025 · full…
- Statutes amendmentTransfer of a branch of…
Key points
- Positive: Result rose in 2025different schema filed ▲ 174% View
- Positive: Company by staff growth in Ghent, Other services…in the Checked rankings #8 View
- Board changedlatest change 01-09-2026 · 0 in office 2 joined · 1 left View
- Flemish supportawarded 2022 - 2025 €1.1m View
- Positive: Always filed on timeaccounts within the deadline every year 4 years View
By topic
Network & group
- Mergers and contributions
- 1
Timeline
- Events
- 19
- Since
- 2017
- Next accounts
- by 31-07-2027
- 14-09-2026Appointments: Koen Vandekerckhove (day-to-day manager) and Klaas…
- 07-07-2026Annual accounts filed
- 05-05-2026Statutes amendment
Company details
- Sites
- 1
- Legal form
- Non-profit association
- Activity
- Activities of business and employers' organisationsNACE 94110
- Founded
- 19-05-1994
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 3
- Purpose
- Ondernemers en ondernemingen samen te brengen die werk willen verschaffen aan mensen met…
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