WATHELET - HERMANS
ActiveWATHELET - HERMANS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €438k and a net result of €183k. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
71
/ 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
Profitability92▼-4
Solvency69▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.4 in 2024; short-term debt: 43.4% and cash: 6.1% of total assets), but 56% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 46
Relative position
BE, all sectors
reference
Sector 46
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
44%
Return on assets
18.4%
Age of the figures
15 mo
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 04-12-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
44 d early
2023
75 d early
2022
41 d early
2021
89 d early
2020
73 d early
2019
67 d early
← before the deadline
after the deadline →
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 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€183k▼ 21.9%
2024 · €235k
2020: €84k
2021: €93k
2022: €320k
2023: €262k
2024: €235k
2020 → 2025
Working capital
€352k▲ 80.3%
2024 · €195k
2020: €-42k
2021: €402k
2022: €477k
2023: €477k
2024: €195k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€313k-€443k▲ 41.6%€585k▲ 32.0%€415k▼ 29.1%€438k▲ 5.6%
Operating result€224k-€275k▲ 22.8%€354k▲ 28.7%€336k▼ 5.3%€260k▼ 22.6%
Net result€93k-€320k▲ 245%€262k▼ 18.2%€235k▼ 10.4%€183k▼ 21.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €996k
Fixed assets
€212k▼ 47.4%
Current assets
€784k▲ 15.3%
Equity and liabilities €996k
Equity
€438k▲ 5.6%
Debt
€558k▼ 16.6%
The debt ratio falls from 61.7% to 56.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€332k▼
2024 · €399k
Cash flow
€255k▼
2024 · €298k
Solvency
44.0%▲
2024 · 38.3%
Current ratio
1.82▲
2024 · 1.40
Quick ratio
1.33▲
2024 · 0.94
Debt / equity
1.27▼
2024 · 1.61
ROE
41.9%▼
2024 · 56.6%
ROA
18.4%▼
2024 · 21.7%
Interest coverage
16.92▼
2024 · 16.98
Debt
€558k▼
2024 · €669k
Debt ≤ 1 year
€432k▼
2024 · €485k
Debt > 1 year
€125k▼
2024 · €183k
Income taxes
€62k▼
2024 · €78k
Staff costs
€254k▼
2024 · €276k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€996k▼
Fixed assets21/28€403k€212k▼
Tangible fixed assets22/27€277k€210k▼
Furniture and vehicles24€247k€184k▼
Other tangible fixed assets26€29k€26k▼
Financial fixed assets28€127k€2k▼
Current assets29/58€680k€784k▲
Amounts receivable after more than one year29€120k€250k▲
Other amounts receivable291€120k€250k▲
Stocks and contracts in progress3€224k€210k▼
Stocks30/36€224k€210k▼
Amounts receivable within one year40/41€123k€242k▲
Trade receivables40€104k€221k▲
Other amounts receivable41€19k€21k▲
Cash at bank and in hand54/58€195k€61k▼
Deferred charges and accrued income490/1€18k€21k▲
Equity and liabilities
Total equity and liabilities10/49€1.08M€996k▼
Equity10/15€415k€438k▲
Contributions10/11€25k€25k=
Reserves13€3k€3k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€387k€410k▲
Amounts payable17/49€669k€558k▼
Amounts payable after more than one year17€183k€125k▼
Financial debts170/4€183k€125k▼
Amounts payable within one year42/48€485k€432k▼
Current portion of amounts payable after more than one year42€141k€57k▼
Financial debts43€165k€138k▼
Credit institutions430/8€165k€138k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€44k€40k▼
Taxes450/3€6k€8k▲
Remuneration and social security454/9€38k€33k▼
Other amounts payable47/48€132k€194k▲
Accrued charges and deferred income492/3€1k€927▼
Income statement
Code20242025
Remuneration, social security and pensions62€276k€254k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€71k▲
Other operating charges640/8€19k€19k▼
Gross operating margin9900€694k€604k▼
Operating profit (loss)9901€336k€260k▼
Financial income75/76B€12€5k▲
Recurring financial income75€12€134▲
Non-recurring financial income76B-€5k
Financial charges65/66B€24k€20k▼
Recurring financial charges65€24k€20k▼
Profit (loss) for the period before taxes9903€312k€246k▼
Income taxes67/77€78k€62k▼
Profit (loss) for the period9904€235k€183k▼
Profit (loss) for the period to be appropriated9905€235k€183k▼
Appropriation of the result
Profit (loss) to be appropriated9906€792k€570k▼
Profit (loss) brought forward from the previous period14P€557k€387k▼
Profit to be distributed694/7€405k€160k▼
Return on contributions (dividend)694€405k€160k▼
Social balance
Average headcount (FTE)90875.96.6▲
The notes to these accounts (20 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
2025
04-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Equity above €500kEq €585k ▲32%
4 profitable years in a row build equity to €585k.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Highest result since 2020net €320k ▲245%
Net result €320k, the highest in the series.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
04-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Villers-le-Bouillet · 1 establishment unit since 1995
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.
Rue de la Science 184530 Villers-le-BouilletGround area
1,871 m²
Building footprint
503 m²
Volume, LiDAR
3,145 m³
Parcel 61068A0484/00H000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Science 18, 4530 Villers-le-Bouillet
since 19952.071.061.252
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61068A0484/00H000 | Wallonia | 1,871 m² | 1 · 503 m² | 7.2 m · 2 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVillers-le-Bouillet2.071.061.252
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Of 453 companies in sector 46360 we hold annual accounts for 286. 190 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-1995
Fiscal year end30-06
Abbreviation FR
W-H
Activities, NACEBEL
46360Wholesale trade
47241Retail sale of bread and pastry (bakery outlets)
52240
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@leonidas-wh.be