Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 66 to 58.
Financials
Financial year 2024
HERCORUB from Lanaken, company number BE0421767381, closed financial year 2024 with a result of € 401,652 after tax. For that financial year HERCORUB recorded revenue of € 14.4 million and equity of € 6.2 million. Compared with financial year 2023, the result moved from € 253,542 to € 401,652. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2025.
€ 6.2 million
▲ 3% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 401,652
▲ 58% vs 2023
Profit after tax over the fiscal year.
€ 567,378
▲ 158% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 200,000 paid out
50 % of the profit went to the shareholders, mostly to HERCO - HOLDING (84 % of the shares). That is where the money ends up.
People and assets in 2024
58
▼ 5.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 3.6 million
▼ 6% vs 2023
€ 61,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 252,780
▼ 35% vs 2023
Of which on lease € 166,698.
Debts at end 2024
€ 293,500
▼ 43% vs 2023
€ 97,797 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.3 million
▼ 24% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 49 days on average.
€ 830,808
▲ 11% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 13,967,297 | € 14,396,303 | € 15,240,806 | € 14,416,334 | ▼ 5% |
| Profit after taxes | € 289,745 | € 27,176 | € 253,542 | € 401,652 | ▲ 58% |
| Equity | € 5,747,732 | € 5,774,908 | € 6,028,450 | € 6,230,102 | ▲ 3% |
| Total debts | € 2,792,869 | € 2,871,737 | € 3,184,214 | € 2,944,556 | ▼ 8% |
| Cash | € 99,827 | € 418,490 | € 219,553 | € 567,378 | ▲ 158% |
| Land & buildings | € 864,491 | € 739,725 | € 600,844 | € 528,945 | ▼ 12% |
| Retained profit | € 5,065,732 | € 5,092,908 | € 5,346,450 | € 5,548,102 | ▲ 4% |
| Dividend | € 0 | € 0 | € 0 | € 200,000 | |
| Bank debt | € 450,215 | € 355,579 | € 515,152 | € 293,500 | ▼ 43% |
| Balance sheet total | € 8,540,601 | € 8,646,645 | € 9,212,664 | € 9,206,910 | |
| Employees (FTE) | 71 | 66 | 63.3 | 58 | ▼ 5.3 |
Key figures of HERCORUB, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to HERCORUB?
What happened at HERCORUB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- André Hermans stepped down as director. NBB
- Leeuwenhard BV stepped down as director. NBB
- Patrick Lenaerts stepped down as director. NBB
- Herco - Holding NV stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 401,652 (▲ 58% vs 2023). Source: NBB ↗
- André Hermans became a director. NBB
- Patrick Lenaerts became a director. NBB
- Herco - Holding NV became a director. NBB
In short
From € 289,745 profit in 2021 to € 401,652 profit in 2024.
Paid € 450,151 in corporate taxes since 2021.
Best year ever: 2024, with € 401,652 profit.
Paid out € 200,000 in dividends to the owners in total.
Management
The stake of HERCO - HOLDING, HEROLA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HERCORUBThe shares are held by HERCO - HOLDING (84%) and HEROLA (16%).
Directors
According to the 2024 annual accounts
since 2022 · until 2028
Managing director · represented by Suzanne Hermans
since 2022 · until 2028
since 2022 · until 2028
Director · represented by Pieter Hermans
since 2022 · until 2028
Shareholders
84%
16%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industrieweg 72
3620 Lanaken
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
GOOGLE - Google LLC, US
Domain
Domain
hercorub.com
Registered
2000-02-07
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2027-02-07
Website info
Features
Security
Network
Details
- Company number
- 0421.767.381
- VAT number
- BE 0421.767.381
- Registered office
- Industrieweg 72, 3620 Lanaken
- Names & denominations
- HERCORUB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 August 1981
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- hercorub.com
- Activities · NACE
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