Herwebo
ActiveSummary
Herwebo has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.15M and a net result of €241k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 24% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+10
Solvency40=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.13 in 2024; short-term debt: 32.9% and cash: 2% of total assets), and 84.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
15.1%
Return on assets
3.2%
Age of the figures
15 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2198 sector peers (2025).
NBB · sector comparisonPosition among 2198 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
4 d late
2023
on the day
2022
60 d early
2021
154 d early
2020
1 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.15M▲ 1.2%
2024 · €1.13M
2019: €297klowest in 7 years
2020: €312k▲ +4.9% vs 2019
2021: €637k▲ +104% vs 2020
2022: €982k▲ +54.1% vs 2021
2023: €1.05M▲ +7.2% vs 2022
2024: €1.13M▲ +7.6% vs 2023
2025: €1.15M▲ +1.2% vs 2024highest in 7 years
2019 → 2025
Total assets
€7.57M▲ 2.8%
2024 · €7.37M
2019: €1.67Mlowest in 7 years
2020: €2.13M▲ +27.4% vs 2019
2021: €2.92M▲ +37.2% vs 2020
2022: €3.86M▲ +32.3% vs 2021
2023: €4.21M▲ +8.9% vs 2022
2024: €7.37M▲ +75.2% vs 2023
2025: €7.57M▲ +2.8% vs 2024highest in 7 years
2019 → 2025
Net result
€241k▲ 202%
2024 · €80k
2019: €145k
2020: €15k▼ -89.9% vs 2019lowest in 7 years
2021: €353k▲ +2308% vs 2020highest in 7 years
2022: €345k▼ -2.3% vs 2021
2023: €70k▼ -79.6% vs 2022
2024: €80k▲ +13.4% vs 2023
2025: €241k▲ +202% vs 2024
2019 → 2025
Working capital
€255k▼ 16.3%
2024 · €305k
2019: €-126klowest in 7 years
2020: €157k▲ +225% vs 2019
2021: €269k▲ +71.3% vs 2020
2022: €488k▲ +81.4% vs 2021
2023: €508k▲ +4.1% vs 2022highest in 7 years
2024: €305k▼ -40.1% vs 2023
2025: €255k▼ -16.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€637k-€982k▲ 54.1%€1.05M▲ 7.2%€1.13M▲ 7.6%€1.15M▲ 1.2%
2021: €637klowest in 5 years
2022: €982k▲ +54.1% vs 2021
2023: €1.05M▲ +7.2% vs 2022
2024: €1.13M▲ +7.6% vs 2023
2025: €1.15M▲ +1.2% vs 2024highest in 5 years
Operating result€506k-€520k▲ 2.8%€154k▼ 70.4%€167k▲ 8.8%€456k▲ 173%
2021: €506k
2022: €520k▲ +2.8% vs 2021highest in 5 years
2023: €154k▼ -70.4% vs 2022lowest in 5 years
2024: €167k▲ +8.8% vs 2023
2025: €456k▲ +173% vs 2024
Net result€353k-€345k▼ 2.3%€70k▼ 79.6%€80k▲ 13.4%€241k▲ 202%
2021: €353khighest in 5 years
2022: €345k▼ -2.3% vs 2021
2023: €70k▼ -79.6% vs 2022lowest in 5 years
2024: €80k▲ +13.4% vs 2023
2025: €241k▲ +202% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 173% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.57M
Fixed assets
€4.82M ▲ 0.3%
Current assets
€2.75M ▲ 7.3%
Equity and liabilities €7.57M
Equity
€1.15M ▲ 1.2%
Debt
€6.43M ▲ 3.0%
Debt's share of the balance-sheet total rises from 84.6% to 84.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€899k▲
2024 · €400k
Cash flow
€683k▲
2024 · €312k
Current ratio
1.10▼
2024 · 1.13
Quick ratio
0.80▲
2024 · 0.74
Debt to equity
5.61▲
2024 · 5.51
ROE
21.0%▲
2024 · 7.1%
ROA
3.2%▲
2024 · 1.1%
Interest coverage
5.80▲
2024 · 4.96
Debt ≤ 1 year
€2.49M▲
2024 · €2.26M
Debt > 1 year
€3.93M▼
2024 · €3.98M
Income taxes
€62k▲
2024 · €8k
Staff costs
€1.18M▲
2024 · €1.09M
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 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.37M€7.57M▲
Fixed assets21/28€4.81M€4.82M▲
Tangible fixed assets22/27€4.77M€4.59M▼
Land and buildings22€946k€883k▼
Plant, machinery and equipment23€332k€469k▲
Furniture and vehicles24€69k€56k▼
Leasing and similar rights25€3.42M€3.18M▼
Other tangible fixed assets26€9k€5k▼
Financial fixed assets28€35k€235k▲
Current assets29/58€2.56M€2.75M▲
Stocks and contracts in progress3€893k€749k▼
Stocks30/36€643k€624k▼
Contracts in progress37€250k€125k▼
Amounts receivable within one year40/41€1.50M€1.75M▲
Trade receivables40€922k€1.18M▲
Other amounts receivable41€580k€572k▼
Cash at bank and in hand54/58€83k€152k▲
Deferred charges and accrued income490/1€83k€100k▲
Equity and liabilities
Total equity and liabilities10/49€7.37M€7.57M▲
Equity10/15€1.13M€1.15M▲
Contributions10/11€6k€6k=
Reserves13€1.13M€1.14M▲
Distributable reserves133€1.13M€1.14M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€6.24M€6.43M▲
Amounts payable after more than one year17€3.98M€3.93M▼
Financial debts170/4€3.98M€3.93M▼
Amounts payable within one year42/48€2.26M€2.49M▲
Current portion of amounts payable after more than one year42€375k€430k▲
Financial debts43€250k€550k▲
Credit institutions430/8€250k€550k▲
Trade debts44€1.02M€646k▼
Suppliers440/4€1.02M€646k▼
Advances received on contracts in progress46€461k€461k=
Taxes, remuneration and social security45€139k€166k▲
Taxes450/3€25k€49k▲
Remuneration and social security454/9€113k€117k▲
Other amounts payable47/48€9k€242k▲
Income statement
Code20242025
Non-recurring operating income76A€1k€0▼
Remuneration, social security and pensions62€1.09M€1.18M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€232k€442k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€17k€15k▼
Non-recurring operating charges66A€17k€0▼
Gross operating margin9900€1.52M€2.10M▲
Operating profit (loss)9901€167k€456k▲
Financial income75/76B€982€2k▲
Recurring financial income75€982€2k▲
Financial charges65/66B€81k€155k▲
Recurring financial charges65€81k€155k▲
Profit (loss) for the period before taxes9903€88k€303k▲
Income taxes67/77€8k€62k▲
Profit (loss) for the period9904€80k€241k▲
Profit (loss) for the period to be appropriated9905€80k€241k▲
Appropriation of the result
Profit (loss) to be appropriated9906€80k€241k▲
Transfer from equity791/2-€227k
Transfer to equity691/2€80k€241k▲
To other reserves6921€80k€241k▲
Profit to be distributed694/7-€227k
Return on contributions (dividend)694-€227k
Social balance
Average headcount (FTE)908718.219.0▲
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €962k | €973k | €1.09M | €1.18M | ▲ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €107k | €146k | €182k | €232k | €442k | ▲ 90.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-320 | €-2k | €0 | - | - |
| Other operating charges640/8 | - | €53k | €16k | €17k | €15k | ▼ 8.4% |
| Non-recurring operating charges66A | - | €0 | - | €17k | €0 | ▼ 100% |
| Gross operating margin9900 | €1.11M | €1.68M | €1.32M | €1.52M | €2.10M | ▲ 37.7% |
| Operating profit (loss)9901 | €506k | €520k | €154k | €167k | €456k | ▲ 173% |
| Financial income75/76B | - | €1k | €220 | €982 | €2k | ▲ 90.6% |
| Recurring financial income75 | €592 | €1k | €220 | €982 | €2k | ▲ 90.6% |
| Financial charges65/66B | - | €20k | €54k | €81k | €155k | ▲ 92.3% |
| Recurring financial charges65 | €22k | €20k | €54k | €81k | €155k | ▲ 92.3% |
| Profit (loss) for the period before taxes9903 | €485k | €501k | €100k | €88k | €303k | ▲ 245% |
| Income taxes67/77 | €132k | €156k | €30k | €8k | €62k | ▲ 682% |
| Profit (loss) for the period9904 | €353k | €345k | €70k | €80k | €241k | ▲ 202% |
| Profit (loss) for the period to be appropriated9905 | €353k | €345k | €70k | €80k | €241k | ▲ 202% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.92M | €3.86M | €4.21M | €7.37M | €7.57M | ▲ 2.8% |
| Fixed assets21/28 | €1.34M | €1.38M | €1.52M | €4.81M | €4.82M | ▲ 0.3% |
| Tangible fixed assets22/27 | €1.33M | €1.34M | €1.48M | €4.77M | €4.59M | ▼ 3.9% |
| Land and buildings22 | - | €954k | €901k | €946k | €883k | ▼ 6.7% |
| Plant, machinery and equipment23 | - | €191k | €167k | €332k | €469k | ▲ 41.5% |
| Furniture and vehicles24 | - | €84k | €97k | €69k | €56k | ▼ 19.2% |
| Leasing and similar rights25 | - | €102k | €305k | €3.42M | €3.18M | ▼ 7.1% |
| Other tangible fixed assets26 | - | €12k | €13k | €9k | €5k | ▼ 47.0% |
| Financial fixed assets28 | €4k | €39k | €34k | €35k | €235k | ▲ 574% |
| Current assets29/58 | €1.58M | €2.48M | €2.69M | €2.56M | €2.75M | ▲ 7.3% |
| Stocks and contracts in progress3 | €0 | €719k | €924k | €893k | €749k | ▼ 16.1% |
| Stocks30/36 | - | €612k | €822k | €643k | €624k | ▼ 3.0% |
| Contracts in progress37 | - | €107k | €102k | €250k | €125k | ▼ 50.0% |
| Amounts receivable within one year40/41 | €1.34M | €1.60M | €1.67M | €1.50M | €1.75M | ▲ 16.4% |
| Trade receivables40 | - | €1.44M | €1.37M | €922k | €1.18M | ▲ 27.6% |
| Other amounts receivable41 | - | €163k | €301k | €580k | €572k | ▼ 1.4% |
| Cash at bank and in hand54/58 | €144k | €134k | €64k | €83k | €152k | ▲ 82.7% |
| Deferred charges and accrued income490/1 | - | €28k | €32k | €83k | €100k | ▲ 20.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.92M | €3.86M | €4.21M | €7.37M | €7.57M | ▲ 2.8% |
| Equity10/15 | €637k | €982k | €1.05M | €1.13M | €1.15M | ▲ 1.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €631k | €976k | €1.05M | €1.13M | €1.14M | ▲ 1.2% |
| Distributable reserves133 | - | €976k | €1.05M | €1.13M | €1.14M | ▲ 1.2% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | €0 | - |
| Amounts payable17/49 | €2.28M | €2.88M | €3.15M | €6.24M | €6.43M | ▲ 3.0% |
| Amounts payable after more than one year17 | €969k | €887k | €973k | €3.98M | €3.93M | ▼ 1.2% |
| Financial debts170/4 | - | €887k | €973k | €3.98M | €3.93M | ▼ 1.2% |
| Amounts payable within one year42/48 | €1.31M | €1.99M | €2.18M | €2.26M | €2.49M | ▲ 10.5% |
| Current portion of amounts payable after more than one year42 | - | €116k | €170k | €375k | €430k | ▲ 14.6% |
| Financial debts43 | - | €165k | €321k | €250k | €550k | ▲ 120% |
| Credit institutions430/8 | - | €165k | €321k | €250k | €550k | ▲ 120% |
| Trade debts44 | €1.01M | €1.44M | €976k | €1.02M | €646k | ▼ 36.9% |
| Suppliers440/4 | - | €1.44M | €976k | €1.02M | €646k | ▼ 36.9% |
| Advances received on contracts in progress46 | - | €38k | €505k | €461k | €461k | = |
| Taxes, remuneration and social security45 | - | €200k | €119k | €139k | €166k | ▲ 19.7% |
| Taxes450/3 | - | €58k | €17k | €25k | €49k | ▲ 92.8% |
| Remuneration and social security454/9 | - | €141k | €103k | €113k | €117k | ▲ 3.5% |
| Other amounts payable47/48 | - | €36k | €90k | €9k | €242k | ▲ 2,689% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €353k | €345k | €70k | €80k | €241k | ▲ 202% |
| + Depreciation and write-downs630 | €107k | €146k | €182k | €232k | €442k | ▲ 90.1% |
| Operating cash flow (approximation) | €460k | €491k | €252k | €312k | €683k | ▲ 119% |
| Investment in fixed assets (approximation) | - | €-190k | €-318k | €-3.52M | €-457k | ▲ 87.0% |
| Change in cash | - | €-10k | €-70k | €18k | €69k | ▲ 271% |
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 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €1MEq €1.05M ▲7.2%
5 profitable years in a row build equity to €1.05M.
2022
02-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Highest result since 2019net €353k ▲2,308%
Net result €353k, the highest in the series.
30-06
Financial
Equity above €500kEq €637k ▲104%
3 profitable years in a row build equity to €637k.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
30-06
Financial
Weakest financial yearnet €15k ▼89.9%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
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.
0 of 6 acts read
About the unread acts
We know of 6 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
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, Zele · 1 establishment unit since 2011
Ground area
5,182 m²
Building footprint
2,248 m²
Volume, LiDAR
156 m³
Parcel 42028A1514/00N002, Flanders · tallest building 8.9 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Poldergotestraat 8, 9240 Zele
since 20112.208.424.635
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1514/00N002 | Flanders | 5,182 m² | 1 · 2,248 m² | 8.9 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 2025 · 7 entries · 38,646 EUR awarded · 38,646 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,042 EUR | 4,284 EUR |
| 2024 | 2 | 5,154 EUR | 4,912 EUR |
| 2023 | 2 | 1,302 EUR | 13,802 EUR |
| 2022 | 2 | 28,148 EUR | 15,648 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies voor internationaal ondernemen
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Recognitions · licences · registrations
Recognised contractor
10 categoriesHerwebo BV35109
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 5,909 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-10-2011
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.