J. HERTOGEN
ActiveSummary
J. HERTOGEN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133k and a net result of €9k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+4
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 14.21 against 61.99 in 2024; short-term debt: 6.8% and cash: 0.6% of total assets), and 6.8% of the assets are financed with debt.
Credit advice 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
93.2%
Return on assets
6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
2 d early
2023
2 d late
2022
28 d late
2021
26 d late
2020
18 d late
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€133k▲ 6.9%
2024 · €124k
2018: €101k
2019: €108k
2020: €117k
2021: €120k
2022: €113k
2023: €121k
2024: €124k
2018 → 2025
Total assets
€142k▲ 12.9%
2024 · €126k
2018: €106k
2019: €114k
2020: €123k
2021: €126k
2022: €117k
2023: €128k
2024: €126k
2018 → 2025
Net result
€9k▲ 139%
2024 · €4k
2018: €4k
2019: €7k
2020: €9k
2021: €3k
2022: €-7k
2023: €7k
2024: €4k
2018 → 2025
Working capital
€127k▲ 11.2%
2024 · €114k
2018: €101k
2019: €108k
2020: €117k
2021: €120k
2022: €113k
2023: €121k
2024: €114k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€120k-€113k▼ 5.6%€121k▲ 6.4%€124k▲ 3.0%€133k▲ 6.9%
Operating result€5k-€-7k€9k€5k▼ 48.3%€13k▲ 180%
Net result€3k-€-7k€7k€4k▼ 50.5%€9k▲ 139%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 180% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142k
Fixed assets
€6k ▼ 42.5%
Current assets
€137k ▲ 17.7%
Equity and liabilities €142k
Equity
€133k ▲ 6.9%
Debt
€10k ▲ 413%
Debt's share of the balance-sheet total rises from 1.5% to 6.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k▲
2024 · €7k
Cash flow
€13k▲
2024 · €6k
Current ratio
14.21▼
2024 · 61.99
Debt to equity
0.07▲
2024 · 0.02
ROE
6.4%▲
2024 · 2.9%
ROA
6.0%▲
2024 · 2.8%
Interest coverage
98.23▲
2024 · 18.93
Debt ≤ 1 year
€10k▲
2024 · €2k
Income taxes
€4k▲
2024 · €2k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€126k€142k▲
Fixed assets21/28€10k€6k▼
Tangible fixed assets22/27€10k€6k▼
Land and buildings22€0€0=
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€7k€4k▼
Financial fixed assets28€50-
Current assets29/58€116k€137k▲
Amounts receivable within one year40/41€113k€136k▲
Trade receivables40€49k€68k▲
Other amounts receivable41€64k€68k▲
Cash at bank and in hand54/58€3k€794▼
Deferred charges and accrued income490/1€59€70▲
Equity and liabilities
Total equity and liabilities10/49€126k€142k▲
Equity10/15€124k€133k▲
Contributions10/11€19k€19k=
Reserves13€50k€58k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€48k€56k▲
Profit (loss) carried forward14€56k€56k=
Amounts payable17/49€2k€10k▲
Amounts payable within one year42/48€2k€10k▲
Current portion of amounts payable after more than one year42€873-
Trade debts44€971€5k▲
Suppliers440/4€971€5k▲
Taxes, remuneration and social security45€29€5k▲
Taxes450/3€29€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€122€172▲
Gross operating margin9900€7k€17k▲
Operating profit (loss)9901€5k€13k▲
Financial income75/76B€914€58▼
Recurring financial income75€914€58▼
Financial charges65/66B€384€174▼
Recurring financial charges65€384€174▼
Profit (loss) for the period before taxes9903€5k€13k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€4k€9k▲
Profit (loss) for the period to be appropriated9905€4k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€60k€65k▲
Profit (loss) brought forward from the previous period14P€56k€56k=
Transfer to equity691/2€4k€9k▲
To other reserves6921€4k€9k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 61.99
Current ratio from 17.17 to 61.99; short-term debt falls from €7k to €2k.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-7k ▼296%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Highest result since 2018net €9k ▲27.5%
Net result €9k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Riemst · 1 establishment unit since 1994
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.
Visésteenweg 2073770 RiemstGround area
182 m²
Building footprint
338 m²
Volume, LiDAR
2,468 m³
Parcel 73102C0523/00B002, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Visésteenweg 207, 3770 Riemst
since 19942.069.244.382
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73102C0523/00B002 | Flanders | 182 m² | 1 · 338 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
LCT
BE 0841.762.634
Izegem · Eq €132,847
Bourgois-D'hulster
BE 0628.936.914
De Panne · Eq €132,641
STRAGIER KRISTOF
BE 0823.096.963
Izegem · Eq €133,009
MORLIFLEX
BE 0787.204.785
Poperinge · Eq €133,034
TDV cv & sanitair
BE 0760.953.320
Zottegem · Eq €133,088
Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 3,029 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.