HERBOVAN
ActiveSummary
HERBOVAN has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €427k and a net result of €3k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 93% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▼-37
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.0 against 3.65 in 2024; short-term debt: 11.2% and cash: 10.6% of total assets), and 11.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.8%
Return on assets
0.6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d early
2023
51 d early
2022
39 d early
2021
31 d early
2020
8 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€427k▲ 139%
2024 · €179k
2018: €55klowest in 8 years
2019: €58k▲ +4.1% vs 2018
2020: €89k▲ +55.0% vs 2019
2021: €121k▲ +35.5% vs 2020
2022: €139k▲ +14.6% vs 2021
2023: €158k▲ +14.2% vs 2022
2024: €179k▲ +13.1% vs 2023
2025: €427k▲ +139% vs 2024highest in 8 years
2018 → 2025
Total assets
€481k▲ 106%
2024 · €234k
2018: €291k
2019: €270k▼ -7.1% vs 2018
2020: €268k▼ -0.8% vs 2019
2021: €259k▼ -3.3% vs 2020
2022: €239k▼ -7.6% vs 2021
2023: €228k▼ -4.7% vs 2022lowest in 8 years
2024: €234k▲ +2.6% vs 2023
2025: €481k▲ +106% vs 2024highest in 8 years
2018 → 2025
Net result
€3k▼ 85.3%
2024 · €21k
2018: €13k
2019: €2k▼ -82.6% vs 2018lowest in 8 years
2020: €32k▲ +1303% vs 2019
2021: €32k▲ +0.1% vs 2020highest in 8 years
2022: €18k▼ -44.4% vs 2021
2023: €20k▲ +11.5% vs 2022
2024: €21k▲ +5.4% vs 2023
2025: €3k▼ -85.3% vs 2024
2018 → 2025
Working capital
€108k▼ 25.8%
2024 · €145k
2018: €28k
2019: €27k▼ -5.1% vs 2018lowest in 8 years
2020: €35k▲ +28.9% vs 2019
2021: €75k▲ +116% vs 2020
2022: €100k▲ +33.4% vs 2021
2023: €124k▲ +23.7% vs 2022
2024: €145k▲ +17.2% vs 2023highest in 8 years
2025: €108k▼ -25.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€121k-€139k▲ 14.6%€158k▲ 14.2%€179k▲ 13.1%€427k▲ 139%
2021: €121klowest in 5 years
2022: €139k▲ +14.6% vs 2021
2023: €158k▲ +14.2% vs 2022
2024: €179k▲ +13.1% vs 2023
2025: €427k▲ +139% vs 2024highest in 5 years
Operating result€51k-€32k▼ 37.5%€33k▲ 4.1%€33k▼ 0.6%€8k▼ 75.8%
2021: €51khighest in 5 years
2022: €32k▼ -37.5% vs 2021
2023: €33k▲ +4.1% vs 2022
2024: €33k▼ -0.6% vs 2023
2025: €8k▼ -75.8% vs 2024lowest in 5 years
Net result€32k-€18k▼ 44.4%€20k▲ 11.5%€21k▲ 5.4%€3k▼ 85.3%
2021: €32khighest in 5 years
2022: €18k▼ -44.4% vs 2021
2023: €20k▲ +11.5% vs 2022
2024: €21k▲ +5.4% vs 2023
2025: €3k▼ -85.3% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 76% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €481k
Fixed assets
€320k ▲ 851%
Current assets
€162k ▼ 19.2%
Equity and liabilities €481k
Equity
€427k ▲ 139%
Debt
€54k ▼ 1.7%
Debt's share of the balance-sheet total falls from 23.5% to 11.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12k▼
2024 · €50k
Cash flow
€7k▼
2024 · €38k
Current ratio
3.00▼
2024 · 3.65
Debt to equity
0.13▼
2024 · 0.31
ROE
0.7%▼
2024 · 11.6%
ROA
0.6%▼
2024 · 8.9%
Interest coverage
2.84▼
2024 · 9.23
Debt ≤ 1 year
€54k▼
2024 · €55k
Income taxes
€1k▼
2024 · €7k
Staff costs
€49k▲
2024 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€234k€481k▲
Fixed assets21/28€34k€320k▲
Intangible fixed assets21-€45k
Tangible fixed assets22/27€34k€275k▲
Land and buildings22€29k€272k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€549€189▼
Current assets29/58€200k€162k▼
Stocks and contracts in progress3€125k€0▼
Stocks30/36€125k€0▼
Amounts receivable within one year40/41€60k€111k▲
Trade receivables40€53k€102k▲
Other amounts receivable41€7k€9k▲
Cash at bank and in hand54/58€13k€51k▲
Deferred charges and accrued income490/1€3k€0▼
Equity and liabilities
Total equity and liabilities10/49€234k€481k▲
Equity10/15€179k€427k▲
Contributions10/11€19k€264k▲
Reserves13€130k€130k=
Tax-exempt reserves132€8k€8k=
Distributable reserves133€122k€122k=
Profit (loss) carried forward14€30k€33k▲
Amounts payable17/49€55k€54k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€55k€54k▼
Current portion of amounts payable after more than one year42€11k€0▼
Trade debts44€33k€45k▲
Suppliers440/4€33k€45k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€5k€9k▲
Taxes450/3€0€7k▲
Remuneration and social security454/9€5k€2k▼
Other amounts payable47/48€5k€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A-€1
Remuneration, social security and pensions62€35k€49k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€4k▼
Other operating charges640/8€5k€5k▼
Gross operating margin9900€89k€66k▼
Operating profit (loss)9901€33k€8k▼
Financial income75/76B€243€449▲
Recurring financial income75€243€449▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€28k€4k▼
Income taxes67/77€7k€1k▼
Profit (loss) for the period9904€21k€3k▼
Profit (loss) for the period to be appropriated9905€21k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€33k▲
Profit (loss) brought forward from the previous period14P€9k€30k▲
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1 | - |
| Remuneration, social security and pensions62 | €29k | €30k | €34k | €35k | €49k | ▲ 41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €20k | €18k | €17k | €4k | ▼ 74.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3k | - | - | - | - | - |
| Other operating charges640/8 | €5k | €4k | €5k | €5k | €5k | ▼ 0.3% |
| Gross operating margin9900 | €109k | €86k | €89k | €89k | €66k | ▼ 25.7% |
| Operating profit (loss)9901 | €51k | €32k | €33k | €33k | €8k | ▼ 75.8% |
| Financial income75/76B | €984 | €52 | €226 | €243 | €449 | ▲ 84.4% |
| Recurring financial income75 | €984 | €52 | €226 | €243 | €449 | ▲ 84.4% |
| Financial charges65/66B | €9k | €8k | €7k | €5k | €4k | ▼ 19.3% |
| Recurring financial charges65 | €9k | €8k | €7k | €5k | €4k | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | €43k | €24k | €27k | €28k | €4k | ▼ 85.3% |
| Income taxes67/77 | €11k | €6k | €7k | €7k | €1k | ▼ 85.6% |
| Profit (loss) for the period9904 | €32k | €18k | €20k | €21k | €3k | ▼ 85.3% |
| Profit (loss) for the period to be appropriated9905 | €32k | €18k | €20k | €21k | €3k | ▼ 85.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €259k | €239k | €228k | €234k | €481k | ▲ 106% |
| Fixed assets21/28 | €84k | €64k | €47k | €34k | €320k | ▲ 851% |
| Intangible fixed assets21 | - | - | - | - | €45k | - |
| Tangible fixed assets22/27 | €84k | €64k | €47k | €34k | €275k | ▲ 717% |
| Land and buildings22 | €77k | €61k | €45k | €29k | €272k | ▲ 828% |
| Plant, machinery and equipment23 | €5k | €2k | €1k | €4k | €3k | ▼ 29.7% |
| Furniture and vehicles24 | €3k | €951 | €908 | €549 | €189 | ▼ 65.5% |
| Current assets29/58 | €175k | €176k | €181k | €200k | €162k | ▼ 19.2% |
| Stocks and contracts in progress3 | €106k | €101k | €125k | €125k | €0 | ▼ 100% |
| Stocks30/36 | €106k | €101k | €125k | €125k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €35k | €36k | €43k | €60k | €111k | ▲ 86.3% |
| Trade receivables40 | €34k | €35k | €42k | €53k | €102k | ▲ 92.9% |
| Other amounts receivable41 | €1k | €1k | €473 | €7k | €9k | ▲ 34.2% |
| Cash at bank and in hand54/58 | €32k | €36k | €11k | €13k | €51k | ▲ 301% |
| Deferred charges and accrued income490/1 | €2k | €2k | €3k | €3k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €259k | €239k | €228k | €234k | €481k | ▲ 106% |
| Equity10/15 | €121k | €139k | €158k | €179k | €427k | ▲ 139% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €264k | ▲ 1,292% |
| Reserves13 | €100k | €110k | €130k | €130k | €130k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €8k | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | €90k | €100k | €122k | €122k | €122k | = |
| Profit (loss) carried forward14 | €2k | €9k | €9k | €30k | €33k | ▲ 10.3% |
| Amounts payable17/49 | €138k | €101k | €70k | €55k | €54k | ▼ 1.7% |
| Amounts payable after more than one year17 | €35k | €23k | €11k | €0 | - | - |
| Financial debts170/4 | €35k | €23k | €11k | €0 | - | - |
| Amounts payable within one year42/48 | €100k | €75k | €57k | €55k | €54k | ▼ 1.7% |
| Current portion of amounts payable after more than one year42 | €12k | €12k | €12k | €11k | €0 | ▼ 100% |
| Financial debts43 | €12k | €6k | €0 | - | - | - |
| Other loans439 | €12k | €6k | €0 | - | - | - |
| Trade debts44 | €12k | €11k | €16k | €33k | €45k | ▲ 36.8% |
| Suppliers440/4 | €12k | €11k | €16k | €33k | €45k | ▲ 36.8% |
| Advances received on contracts in progress46 | - | - | €50 | €0 | - | - |
| Taxes, remuneration and social security45 | €5k | €6k | €11k | €5k | €9k | ▲ 66.1% |
| Taxes450/3 | €42 | €2k | €3k | €0 | €7k | - |
| Remuneration and social security454/9 | €5k | €4k | €8k | €5k | €2k | ▼ 59.2% |
| Other amounts payable47/48 | €58k | €40k | €18k | €5k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €3k | €2k | €2k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €18k | €20k | €21k | €3k | ▼ 85.3% |
| + Depreciation and write-downs630 | €21k | €20k | €18k | €17k | €4k | ▼ 74.0% |
| Operating cash flow (approximation) | €53k | €38k | €37k | €38k | €7k | ▼ 80.2% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €-3k | €-290k | ▼ 8,558% |
| Change in cash | - | €5k | €-26k | €2k | €38k | ▲ 1,807% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €200kEq €427k ▲139%
8 profitable years in a row build equity to €427k.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €158k ▲14.2%
6 profitable years in a row build equity to €158k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €32k ▲0.1%
Operating result €51k, net result €32k, both a record.
31-12
Financial
Equity above €100kEq €121k ▲35.5%
4 profitable years in a row build equity to €121k.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €2k ▼82.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
Show earlier events
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2000
Ground area
3,221 m²
Building footprint
1,466 m²
Volume, LiDAR
2,302 m³
2 parcels, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HERBOVAN
since 20002.099.780.378
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026B0635/00A000 | Flanders | 1,999 m² | 1 · 1,064 m² | - |
| 34042A0566/00S000 | Flanders | 1,222 m² | 1 · 401 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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RAJU
BE 0564.724.397
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SN BRU-FLANDERS
BE 0417.555.405
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APOTHEEK BEAUPREZ - AFSCHRIFT
BE 0870.923.408
Lokeren · Eq €413,361
DATENA DISTRIBUTION
BE 0461.399.504
Awans · Eq €442,004
Of 2,475 companies in sector 47279 we hold annual accounts for 949. 554 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-05-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47279Other retail sale of food
Scores and ratios are computed by Checked and are not a credit decision.