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HERDEFCO

Active
Rue Grande 35 ·7380 Quiévrain, Belgium
KBO/BCE: BE 0453.308.714
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Age32 yrs
Staff (FTE)15.4
Real estate1 parcel · 8,205 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of HERDEFCO is 0.6% (low). The 2025 annual accounts show negative equity (€-15k) and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 478 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.6% Low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 15-12-2025, 16 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-05. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-05-2025, that is 31-12-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-05-2025 31-12-2025 15-12-2025 16 d early 2025-00583081
31-05-2024 31-12-2024 02-01-2025 2 d late 2025-00630723
31-05-2023 31-12-2023 11-12-2023 20 d early 2023-00526439
31-05-2022 31-12-2022 30-01-2023 30 d late 2023-00014873
31-05-2021 31-12-2021 04-01-2022 4 d late 2022-00200485
31-05-2020 31-12-2020 04-01-2021 4 d late 2021-00200152
31-05-2019 31-12-2019 03-01-2020 3 d late 2020-00200241
31-05-2018 31-12-2018 21-12-2018 10 d early 2018-75500082
31-05-2017 31-12-2017 29-01-2018 29 d late 2018-02900232
31-05-2016 31-12-2016 19-12-2016 12 d early 2016-70400498

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 1994, 32 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-3k+96.0%
Working capital€-597k+2.6%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 15-12-2025 with the NBB · fiscal year 2025 · verkort
€-200k€-100k€0Operating result 2021: €-101k€-101kNet result 2021: €-145k€-145kOperating result 2022: €-172k€-172kNet result 2022: €-182k€-182kOperating result 2023: €21k€21kNet result 2023: €-5k€-5kOperating result 2024: €-57k€-57kNet result 2024: €-76k€-76kOperating result 2025: €22k€22kNet result 2025: €-3k€-3k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~77% of the level (threshold 35%). We therefore deliberately show no projection line.
€-200k€0€200k€400k2019: €302k2020: €397k2021: €251k2022: €70k2023: €65k2024: €-11k2025: €-15k2019202020212022202320242025
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -0.7% 21.2%
better than 18% of 478 sector peers
Net result €-3k €33k
better than 26% of 476 sector peers
Equity €-15k €166k
better than 16% of 478 sector peers
Gross operating margin €888k €282k
better than 82% of 478 sector peers
Staff costs €645k €212k
higher than 81% of 385 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P18
2020: P39 · n=5362021: P36 · n=6772022: P22 · n=9042023: P23 · n=10692024: P19 · n=12252025: P18 · n=4782020 2025
Weakening position over 2020-2025 · n=478-1225
Net result P26
2020: P76 · n=5362021: P5 · n=6752022: P5 · n=9052023: P26 · n=10682024: P10 · n=12242025: P26 · n=4762020 2025
Stable position over 2020-2025 · n=476-1224
Equity P16
2020: P68 · n=5362021: P59 · n=6772022: P36 · n=9052023: P37 · n=10702024: P16 · n=12252025: P16 · n=4782020 2025
Weakening position over 2020-2025 · n=478-1225
Gross operating margin P82
2020: P92 · n=5362021: P85 · n=6752022: P78 · n=9032023: P89 · n=10682024: P86 · n=12232025: P82 · n=4782020 2025
Stable position over 2020-2025 · n=478-1223
Describes the position versus peers, not a forecast.
EBITDA
€195k
+38.5% 19-25
Net profit
€-3k
+96.0% 19-25
Cash flow
€169k
+40.1% 19-25
Total assets
€2.06M
-3.3% 19-25
Equity
€-15k
-26.5% 19-25
Working capital
€-597k
+2.6% 19-25
Employees (FTE)
15
-1.3% 19-25
Staff costs
€645k
+6.3% 19-25
Income taxes
€41k
-16.2% 19-25
Debt
€2.07M
-3.1% 19-25
Debt ≤ 1y
€1.57M
+3.0% 19-25
Debt > 1y
€496k
-18.5% 19-25
Current ratio
0.62
+3.7% 19-25
Quick ratio
0.24
+51.8% 19-25
Solvency
-0.7%
-30.7% 19-25
Debt / equity
-142.76
+23.4% 19-25
ROE
20.9%
-96.9% 19-25
ROA
-0.1%
+95.9% 19-25
Interest coverage
7.58
+17.2% 19-25
Figures by fiscal year
Fiscal year2025
Depositverkort
Revenue-
EBITDA€195k
Net profit€-3k
Cash flow€169k
Staff costs€645k
Income taxes-
Dividends-
Total assets€2.06M
Equity€-15k
Debt€2.07M
of which ≤ 1y€1.57M
of which > 1y€496k
Working capital€-597k
Employees (FTE)15.4
Ratios (computed)
2025
Current ratio0.62
Quick ratio0.24
Working capital ratio-29.0%
Solvency-0.7%
Debt / equity-142.76
Long-term debt ratio-34.17
Interest coverage7.58
Gross margin-
Net margin-
ROA-0.1%
ROE20.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€2.06M
Fixed assets 21/28€1.08M
Tangible fixed assets 22/27€1.08M
Financial fixed assets 28€135
Current assets 29/58€978k
Stocks & contracts in progress 3€605k
Amounts receivable within one year 40/41€44k
Cash & bank 54/58€99k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.06M
Equity 10/15€-15k
Contributions / capital 10/11€62k
Reserves 13€6k
Accumulated profits (losses) 14€-83k
Amounts payable 17/49€2.07M
Amounts payable after one year 17€496k
Amounts payable within one year 42/48€1.57M
Trade debts payable within one year 44€969k
Income statement
Gross operating margin 9900€888k
Operating result 9901€22k
Financial income 75€437
Financial charges 65€26k
Result before taxes 9903€-3k
Net result for the period 9904€-3k
Result to be appropriated 9905€-3k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
33 / 100 Weak
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Grande 357380 Quiévrain

Establishment units

1 location
Carrefour
Rue Grande 35, 7380 QuiévrainDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)
since 20132.225.052.811
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area8,205 m²
Buildings1
Building footprint2,544 m²
Volume (LiDAR)13,558 m³
Tallest building11.9 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53068A1066/00R000 Wallonia 8,205 m² 1 · 2,544 m² 11.9 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health33Profitability100Solvency36Growth32Stability100
60 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 33
Profitability 100
Solvency 36
Growth 32
Stability 100

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

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Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 1,626 of the 10,428 companies in this sector. 1,320 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)47114Supermarkten (verkoopsoppervlakte tussen 400 m2 en minder dan 2.500 m2)52114Overige niet-gespecialiseerde detailhandel in winkels in overwegend voedings- en genotmiddelen52116Detailhandel in huishoudtextiel en beddengoed in gespecialiseerde winkels47512Detailhandel in huishoudtextiel en beddengoed47512Detailhandel in drogisterijartikelen en onderhoudsproducten47783Detailhandel in drogisterijartikelen en onderhoudsproducten in gespecialiseerde winkels47784Detailhandel in textiel52410Gespecialiseerde detailhandel in drogisterijartikelen en onderhoudsproducten52488
Primary activity highlighted.
Names & trade names
Legal nameNL HERDEFCO
Registered office
Rue Grande 35
7380 Quiévrain, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.