Checked.be
Active
BE 0739.536.809Private limited company
HERMAN DISTRIBUTION
Rue des Alliés(L) 18 ·7870 Lens (Hainaut), Belgium· 6 yrs active
Sector: Non-specialised wholesale
(46392)
Conclusion
The computed 12-month bankruptcy probability of HERMAN DISTRIBUTION is 1.8% (moderate). The 2025 annual accounts show equity of €195k and a net result of €27k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 187 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €195k |
| Net result | €27k |
| Better than sector | 30% |
| Active | 6 yrs |
Financial profile
64
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
58
Profitability
69
Solvency
39
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
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.
Checked score
58
/ 100
Fair
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.
Indicative credit limit
€11k
estimate, not credit advice
Score history
63
2022
15
2023
71
2024
58
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.13 (≥ 1.0)
+5
Quick ratio
Quick ratio 0.48 (< 0.6)
-5
Leverage
Debt/equity 3.09 (> 3.0)
-10
Profitability
ROE 14% (≥ 10%)
+10
Interest coverage
Interest coverage 5.1× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-04-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~12.5%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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 46, Wholesale trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 24.5% | 41.5% | |
| Net result | €27k | €159k | |
| Equity | €195k | €1.10M | |
| Gross operating margin | €112k | €186k | |
| Employees (FTE) | 0.0 | 10.0 |
€99k
-2.0%
22-25
€27k
-22.5%
22-25
€70k
-4.2%
22-25
€798k
-23.7%
22-25
€195k
+16.1%
22-25
€72k
+112.6%
22-25
0
-
22-25
€0
-100.0%
22-25
€9k
+39.8%
22-25
€603k
-31.3%
22-25
€551k
-31.6%
22-25
€52k
-28.6%
22-25
1.13
+8.5%
22-25
0.48
-21.7%
22-25
24.5%
+52.1%
22-25
3.09
-40.8%
22-25
13.9%
-33.2%
22-25
3.4%
+1.6%
22-25
5.08
+5.8%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €99k | €101k | €30k | €191k |
| Net profit | €27k | €35k | €-19k | €98k |
| Cash flow | €70k | €73k | €8k | €149k |
| Staff costs | - | - | €0 | €738 |
| Income taxes | €9k | €7k | €1k | €30k |
| Dividends | - | - | - | - |
| Total assets | €798k | €1.05M | €898k | €1.03M |
| Equity | €195k | €168k | €133k | €151k |
| Debt | €603k | €878k | €765k | €880k |
| of which ≤ 1y | €551k | €805k | €716k | €829k |
| of which > 1y | €52k | €73k | €47k | €51k |
| Working capital | €72k | €34k | €-9k | €39k |
| Employees (FTE) | 0.0 | 0.0 | 0.0 | 0.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.13 | 1.04 | 0.99 | 1.05 |
| Quick ratio | 0.48 | 0.61 | 0.57 | 0.61 |
| Working capital ratio | 9.1% | 3.2% | -1.0% | 3.8% |
| Solvency | 24.5% | 16.1% | 14.8% | 14.6% |
| Debt / equity | 3.09 | 5.22 | 5.74 | 5.84 |
| Long-term debt ratio | 0.27 | 0.43 | 0.35 | 0.34 |
| Interest coverage | 5.08 | 4.80 | 1.53 | 17.43 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 3.4% | 3.3% | -2.1% | 9.5% |
| ROE | 13.9% | 20.7% | -14.1% | 64.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €798k | €1.05M | €898k | €1.03M |
| Fixed assets | 21/28 | €175k | €207k | €191k | €163k |
| Intangible fixed assets | 21 | €81k | €100k | €120k | €140k |
| Tangible fixed assets | 22/27 | €93k | €107k | €68k | €19k |
| Financial fixed assets | 28 | €363 | €363 | €3k | €3k |
| Current assets | 29/58 | €623k | €839k | €707k | €868k |
| Stocks & contracts in progress | 3 | €358k | €345k | €298k | €364k |
| Amounts receivable within one year | 40/41 | €79k | €273k | €217k | €283k |
| Cash & bank | 54/58 | €179k | €214k | €182k | €214k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €798k | €1.05M | €898k | €1.03M |
| Equity | 10/15 | €195k | €168k | €133k | €151k |
| Contributions / capital | 10/11 | €5k | €5k | €5k | €5k |
| Accumulated profits (losses) | 14 | €190k | €163k | €128k | €146k |
| Amounts payable | 17/49 | €603k | €878k | €765k | €880k |
| Amounts payable after one year | 17 | €52k | €73k | €47k | €51k |
| Amounts payable within one year | 42/48 | €551k | €805k | €716k | €829k |
| Trade debts payable within one year | 44 | €250k | €507k | €270k | €389k |
| Income statement | |||||
| Gross operating margin | 9900 | €112k | €111k | €79k | €208k |
| Operating result | 9901 | €56k | €63k | €3k | €139k |
| Financial income | 75 | €153 | €57 | €3 | €26 |
| Financial charges | 65 | €20k | €21k | €20k | €11k |
| Result before taxes | 9903 | €36k | €42k | €-18k | €128k |
| Income taxes | 67/77 | €9k | €7k | €1k | €30k |
| Net result for the period | 9904 | €27k | €35k | €-19k | €98k |
| Result to be appropriated | 9905 | €27k | €35k | €-19k | €98k |
Legal Structure
| NACE primary | Non-specialised wholesale(46392) |
| Legal form | Private limited company(610) |
| Incorporation | 12-12-2019 |
| Status | Active |
| Postal code | 7870 |
Establishment units
HERMAN DISTRIBUTION
since 20192.298.175.468
HERMAN DISTRIBUTION
since 20242.356.923.321
Real-estate footprint
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53046D0202/00F000 | Wallonia | 1,404 m² | - | - |
| 53402A0005/00W000 | Wallonia | 383 m² | 1 · 126 m² | 6.5 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
31-12
Financial
Equity above €150kEq €168k ▲26.2%
Equity rises from €133k to €168k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-19k ▼119%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Credit advice
Company registry (CBE)
Activities
Non-specialised wholesale46392Non-specialised retail sale with food, beverages or tobacco predominating47110Retail trade47112Retail trade47260
Names & trade names
| Legal nameFR | HERMAN DISTRIBUTION |
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