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 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Hertsens West from Beveren-Kruibeke-Zwijndrecht, company number BE0465880211, closed financial year 2025 with a result of € 2 million after tax. For that financial year Hertsens West recorded a gross margin of € 3.7 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € -670,126 to € 2 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 1.7 million
▲ 42% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2 million
▲ still € 670,126 loss in 2024
Profit after tax over the fiscal year.
€ 60,575
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.5 million paid out
74 % of the profit went to the shareholders, mostly to WALDING (100 % of the shares). That is where the money ends up.
People and assets in 2025
€ 1,564
▼ 53% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20.7 million
▼ 28% vs 2024
€ 95,266 is repaid this year. At this pace the long-term loan is gone in ≈ 209 years.
€ 248,829
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,874
▼ 78% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 956,210 | € 1,597,594 | € 1,149,387 | € 3,668,030 | ▲ 219% |
| Profit after taxes | € 64,529 | € 337 | € -670,126 | € 2,017,011 | ▲ € 2.7 million |
| Equity | € 1,896,291 | € 1,896,629 | € 1,226,503 | € 1,744,333 | ▲ 42% |
| Total debts | € 19,487,913 | € 29,337,945 | € 29,293,319 | € 22,796,369 | ▼ 22% |
| Cash | € 386,974 | € 130,712 | € 95,399 | € 60,575 | ▼ 37% |
| Land & buildings | € 12,942,350 | € 13,537,344 | € 13,611,843 | € 6,719,376 | ▼ 51% |
| Retained profit | € 1,834,318 | € 1,834,655 | € 1,164,529 | € 1,682,359 | ▲ 44% |
| Dividend | € 0 | € 0 | € 0 | € 1,499,181 | |
| Bank debt | € 18,964,210 | € 28,402,024 | € 28,614,339 | € 20,663,829 | ▼ 28% |
| Balance sheet total | € 21,400,088 | € 31,250,398 | € 30,535,646 | € 24,556,526 | ▼ 20% |
Key figures of Hertsens West, 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 West?
What happened at Hertsens West in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2 million. filed late Source: NBB ↗
- Hilde Verhelst became a director. 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 € 64,529 profit in 2022 to € 2 million profit in 2025.
Paid € 422,494 in corporate taxes since 2022.
Best year ever: 2025, with € 2 million profit.
Paid out € 1.5 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 WALDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Hertsens WestBehind Hertsens West are Hilde Verhelst and Arnold Hertsens. The shares are held by WALDING (99.6%).
Directors
According to the 2025 annual accounts
since 2017
Arnold Hertsens
Managing director
Also active at: HERTSENS CONSTRUCT, HERTSENS INVEST, CHARBEL, WALDING, HERTSENS IMMO, Hertsens Beheer, HERTSENS SERVICES
since 2017
Shareholders
99.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Heirbaan 395
9150 Beveren-Kruibeke-Zwijndrecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →CHARBEL same network
€ 640,536 gross margin · 2025
WALDING same network
€ 1.6 million revenue · 2025
Hertsens
€ 25.5 million revenue · 2025
Hertsens Beheer same network
€ 855,198 gross margin · 2025
Blitz Power
€ 2.2 million revenue · 2025
+1 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
- 0465.880.211
- VAT number
- BE 0465.880.211
- Registered office
- Heirbaan 395, 9150 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- Hertsens West
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 1999
- Peppol
- Active · Active since 17 Feb 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Goederenvervoer over de weg
Handel in eigen onroerend goed