Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
44 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
HERK&RED from Hasselt, company number BE0432874079, closed financial year 2025 with a result of € 499,912 after tax. For that financial year HERK&RED recorded revenue of € 1.7 million and equity of € 22.4 million. Compared with financial year 2024, the result moved from € 786,602 to € 499,912. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 22.4 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 499,912
▼ 36% vs 2024
Profit after tax over the fiscal year.
€ 676,392
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 800,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 4.1 million
▼ 11% vs 2024
€ 432,639 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 401,086
▲ 85% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 224 days on average.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,217,036 | € 1,515,829 | € 1,613,516 | € 1,715,298 | ▲ 6% |
| Profit after taxes | € 475,105 | € 1,013,854 | € 786,602 | € 499,912 | ▼ 36% |
| Equity | € 18,900,552 | € 22,676,654 | € 22,663,255 | € 22,363,168 | ▼ 1% |
| Total debts | € 6,151,850 | € 4,993,249 | € 5,726,683 | € 5,330,907 | ▼ 7% |
| Cash | € 3,827,739 | € 840,133 | € 1,924,141 | € 676,392 | ▼ 65% |
| Land & buildings | € 19,004,209 | € 22,413,005 | € 23,241,772 | € 23,637,497 | ▲ 2% |
| Retained profit | € 5,125,809 | € 5,339,663 | € 5,846,564 | € 6,066,776 | ▲ 4% |
| Dividend | € 1,500,000 | € 800,000 | € 800,000 | € 800,000 | |
| Bank debt | € 4,560,690 | € 4,016,991 | € 4,640,817 | € 4,108,372 | ▼ 11% |
| Balance sheet total | € 25,787,599 | € 28,401,144 | € 29,105,082 | € 28,381,612 | ▼ 2% |
Key figures of HERK&RED, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HERK&RED?
What happened at HERK&RED in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- TDevelopment BV stepped down as director. NBB
- Juunooh BV stepped down as director. NBB
- Philip Demot stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 499,912 (▼ 36% vs 2024). Source: NBB ↗
- Sarkri NV stepped down as director. NBB
- Cyga BV stepped down as director. NBB
- TDevelopment BV became a director. NBB
- Juunooh BV became a director. NBB
In short
From € 475,105 profit in 2022 to € 499,912 profit in 2025.
Paid € 375,895 in corporate taxes since 2022.
Best year ever: 2023, with € 1 million profit.
Paid out € 3.9 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of CYGA, SARKRI, TIGA-R comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HERK&REDThe shares are held by CYGA (71.2%), SARKRI (14.4%) and TIGA-R (14.4%). It owns 100% of F&P ltd Sp.z o.o itself.
Directors
According to the 2025 annual accounts
Director · represented by Kristof Houben
Also active at: DAENINCK & DEWEERDT, VANDENBRIELE, A.E.W., DEHOLI, CIRIL, DEMOCO, DEMOCO GROUP, AEW Security +1 more
since 2020 · until 2026
Philip Demot
Director
Also active at: Craeyenhof, DAENINCK & DEWEERDT, Embuild Limburg, VANDENBRIELE, A.E.W., DEHOLI, CIRIL, DEMOCO +31 more
since 2021 · until 2027
since 2020 · until 2026
Director · represented by Thibaud Demot
Also active at: VANDENBRIELE, A.E.W., DEHOLI, CIRIL, DEMOCO, DEMOCO GROUP, AEW Security, Demtec Services +7 more
since 2024 · until 2030
since 2024 · until 2030
Participations
F&P ltd Sp.z o.o
100%
Establishments
Establishment units
Physical locations of this company
Herkenrodesingel 4B
3500 Hasselt
Centrum-Zuid 2606 box B
3530 Houthalen-Helchteren
Active since 13 January 1988
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 44 companies are registered at this address.
All companies at this address →Craeyenhof same network
CIRIL same network
€ 22 million revenue · 2025
DEMOCO same network
€ 188.3 million revenue · 2025
DOK DEVELOPMENT same network
€ 687,000 revenue · 2025
DEMCOR same network
+39 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0432.874.079
- VAT number
- BE 0432.874.079
- Registered office
- Herkenrodesingel 4B, 3500 Hasselt
- Names & denominations
- HERK&RED
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 1987
- Peppol
- Active · Active since 8 Jul 2025
- Activities · NACE
Handel in eigen onroerend goed
Optrekken van andere residentiële gebouwen en van kantoorgebouwen
Bouwrijp maken van terreinen
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Rust- en verzorgingstehuizen (RVT)
Algemene bouw van residentiële gebouwen
Diverse administratieve activiteiten ten behoeve van kantoren