Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5 to 3.
Financials
Financial year 2025
HERTSENS INVEST from Beveren-Kruibeke-Zwijndrecht, company number BE0436103090, closed financial year 2025 with a result of € 220,571 after tax. For that financial year HERTSENS INVEST recorded a gross margin of € 3.9 million and equity of € 20.1 million. Compared with financial year 2024, the result moved from € 553,247 to € 220,571. The company is profitable. 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 June 17, 2026.
€ 20.1 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 220,571
▼ 60% vs 2024
Profit after tax over the fiscal year.
€ 315,005
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 20 million.
People and assets in 2025
3
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 99,568
▼ 35% vs 2024
€ 33,200 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.
€ 2.9 million
▼ 11% vs 2024
Of which on lease € 1.7 million.
Debts at end 2025
€ 30.7 million
▼ 2% vs 2024
€ 6.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.1 million
▲ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 357,535
▲ 86% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,889,258 | € 5,112,245 | - | - | |
| Gross margin | - | - | € 5,487,662 | € 3,917,560 | ▼ 29% |
| Profit after taxes | € -736,938 | € 1,399,429 | € 553,247 | € 220,571 | ▼ 60% |
| Equity | € 18,966,808 | € 19,326,536 | € 19,879,782 | € 20,100,353 | ▲ 1% |
| Total debts | € 26,783,038 | € 36,025,901 | € 32,716,349 | € 32,587,454 | |
| Cash | € 1,117,930 | € 381,032 | € 289,164 | € 315,005 | ▲ 9% |
| Land & buildings | € 15,805,898 | € 23,597,716 | € 24,228,559 | € 26,777,975 | ▲ 11% |
| Retained profit | € 18,904,338 | € 19,264,066 | € 19,817,313 | € 20,037,884 | ▲ 1% |
| Dividend | € 0 | € 1,039,701 | € 0 | € 0 | |
| Bank debt | € 25,467,690 | € 32,793,597 | € 31,329,501 | € 30,705,054 | ▼ 2% |
| Balance sheet total | € 46,438,785 | € 56,005,285 | € 53,212,875 | € 53,280,976 | |
| Employees (FTE) | 5.5 | 5 | 4.1 | 3 | ▼ 1.1 |
Key figures of HERTSENS INVEST, 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 HERTSENS INVEST?
What happened at HERTSENS INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 220,571 (▼ 60% vs 2024). Source: NBB ↗
- Arnold Hertsens became a director. NBB
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- Start of the company according to the CBE. KBO
In short
From € 736,938 loss in 2022 to € 220,571 profit in 2025.
Paid € 1 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.4 million profit.
On average € 1.3 million of value added per employee in 2025.
A new publication or filing at HERTSENS INVEST? We notify you, reason included.
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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 WALDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HERTSENS INVESTBehind HERTSENS INVEST is Arnold Hertsens. The shares are held by WALDING (99.9%).
Directors
According to the 2025 annual accounts
Arnold Hertsens
Managing director
Also active at: HERTSENS CONSTRUCT, CHARBEL, Hertsens West, WALDING, HERTSENS IMMO, Hertsens Beheer, HERTSENS SERVICES
since 2019
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hogenakkerhoekstraat 2
9150 Beveren-Kruibeke-Zwijndrecht
Heirbaan 395
9150 Beveren-Kruibeke-Zwijndrecht
Active since 10 August 1995
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.103.090
- VAT number
- BE 0436.103.090
- Registered office
- Hogenakkerhoekstraat 2, 9150 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- HERTSENS INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 1988
- Peppol
- Active · Active since 17 Feb 2026
- Activities · NACE
Andere afvalverwijdering
Verzamelen, storten en verwerken van huisvuil, industrieel afval, landbouwafval en bouw- en sloopafval
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Goederenvervoer over de weg
Overige verwerking en verwijdering van ongevaarlijk afval
Handel in eigen onroerend goed