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 58 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 4.5 to 3.
Financials
Financial year 2025
HERCO from Houthalen-Helchteren, company number BE0875623651, closed financial year 2025 with a result of € 7,152 after tax. For that financial year HERCO recorded a gross margin of € 229,903 and equity of € 68,633. Compared with financial year 2024, the result moved from € 6,444 to € 7,152. 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 April 24, 2026.
€ 68,633
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,152
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 50,225
▲ 219% 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 € -28,239.
People and assets in 2025
3
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 135,015
▼ 31% vs 2024
€ 45,000 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.
€ 53,399
▼ 3% vs 2024
Of which on lease € 30,810.
Debts at end 2025
€ 409,019
▼ 14% vs 2024
€ 68,481 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 45,337
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26,596
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 395,080 | € 314,352 | € 306,788 | € 229,903 | ▼ 25% |
| Profit after taxes | € 18,902 | € -800 | € 6,444 | € 7,152 | ▲ 11% |
| Equity | € 55,837 | € 55,037 | € 61,481 | € 68,633 | ▲ 12% |
| Total debts | € 643,403 | € 591,476 | € 549,963 | € 480,953 | ▼ 13% |
| Cash | € 16,935 | € 21,182 | € 15,761 | € 50,225 | ▲ 219% |
| Land & buildings | € 330,528 | € 306,164 | € 284,959 | € 260,430 | ▼ 9% |
| Retained profit | € -60,217 | € -54,623 | € -41,785 | € -28,239 | ▲ € 13,546 |
| Bank debt | € 569,350 | € 502,179 | € 477,872 | € 409,019 | ▼ 14% |
| Balance sheet total | € 699,240 | € 646,513 | € 611,444 | € 549,586 | ▼ 10% |
| Employees (FTE) | 5.5 | 4.5 | 3.7 | 3 | ▼ 0.7 |
Key figures of HERCO, 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 HERCO?
What happened at HERCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7,152 (▲ 11% vs 2024). Source: NBB ↗
- New establishment in Houthalen-Helchteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,902 profit in 2022 to € 7,152 profit in 2025.
Paid € 22,705 in corporate taxes since 2022.
Best year ever: 2022, with € 18,902 profit.
On average € 76,600 of value added per employee in 2025.
A new publication or filing at HERCO? 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
Behind HERCO is Corthouts Steven CommV.
Directors
According to the 2025 annual accounts
Director · represented by Steven Corthouts
Establishments
Establishment units
Physical locations of this company
Centrum-Zuid 3033
3530 Houthalen-Helchteren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0875.623.651
- VAT number
- BE 0875.623.651
- Registered office
- Centrum-Zuid 3033, 3530 Houthalen-Helchteren
- Names & denominations
- HERCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 August 2005
- Peppol
- Active · Active since 28 Apr 2025
- Activities · NACE
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