Inactive BE 0434.068.169Public limited companyOpen bankruptcy

NEW-HERMAT

Zone artisanale(BT) 3 ·6500 Beaumont, Belgium

Sector: Manufacture of furniture (31003)

Conclusion Checked

A bankruptcy procedure is open for NEW-HERMAT according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €94k and a net result of €-211k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€94k
Net result	€-211k
Staff (FTE)	12.8
Better than sector	76%

Financial profile 5 of 5 axes measured · computed by Checked

26 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 99

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

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 FY 2024 · computed

0 / 100 Critical

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.

Indicative credit limit

No credit

open bankruptcy

Score history

93 2022

52 2023

52 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.40 (≥ 1.5) +10

Quick ratio Quick ratio 2.40 (≥ 1.0) +5

Leverage Debt/equity 0.60 (< 1.0) +10

Profitability Negatieve ROE -225% -10

Interest coverage Interest coverage -2699.3× (< 1.5×) -10

Profit trend Net profit down YoY -3

Bankruptcy Open bankruptcy -60

Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview37 NBB filings

Annual accounts filed on 27-08-2025 with the NBB · fiscal year 2024 · full schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 31, Manufacture of furniture · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	62.3%	41.5%	better than 76% of 121 sector peers
Net result	€-211k	€15k	better than 16% of 121 sector peers
Equity	€94k	€615k	better than 26% of 121 sector peers
Gross operating margin	€164k	€186k	better than 46% of 68 sector peers
Staff costs	€356k	€750k	higher than 35% of 108 sector peers

EBITDA

€-208k

-23.5% 22-24

Net profit

€-211k

-23.4% 22-24

Cash flow

€-208k

-23.9% 22-24

Total assets

€151k

-57.8% 22-24

Equity

€94k

-69.2% 22-24

Working capital

€79k

-72.3% 22-24

Employees (FTE)

13

-1.5% 22-24

Staff costs

€356k

-5.5% 22-24

Debt

€57k

+7.7% 22-24

Debt ≤ 1y

€57k

+7.7% 22-24

Current ratio

2.40

-62.8% 22-24

Quick ratio

2.40

-62.8% 22-24

Solvency

62.3%

-26.9% 22-24

Debt / equity

0.60

+249.6% 22-24

ROE

-224.5%

-300.4% 22-24

ROA

-139.9%

-192.7% 22-24

Interest coverage

-2699.27

+1.9% 22-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022
Deposit	full schema	full schema	full schema
Revenue	-	-	-
EBITDA	€-208k	€-169k	€72k
Net profit	€-211k	€-171k	€69k
Cash flow	€-208k	€-168k	€72k
Staff costs	€356k	€377k	€384k
Income taxes	-	-	-
Dividends	-	-	-
Total assets	€151k	€358k	€524k
Equity	€94k	€305k	€477k
Debt	€57k	€53k	€47k
of which ≤ 1y	€57k	€53k	€47k
of which > 1y	-	-	-
Working capital	€79k	€287k	€455k
Employees (FTE)	12.8	13.0	12.9

Ratios (computed)

	2024	2023	2022
Current ratio	2.40	6.44	10.65
Quick ratio	2.40	6.44	10.65
Working capital ratio	52.6%	80.2%	86.9%
Solvency	62.3%	85.3%	91.0%
Debt / equity	0.60	0.17	0.10
Long-term debt ratio	-	-	-
Interest coverage	-2699.27	-2750.57	442.12
Gross margin	-	-	-
Net margin	-	-	-
ROA	-139.9%	-47.8%	13.2%
ROE	-224.5%	-56.1%	14.5%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €15k · 9.7% Current assets €136k · 90.3%

Equity & liabilities

Equity €94k · 62.3% Debt €57k · 37.7%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€151k	€358k	€524k
Fixed assets	21/28	€15k	€18k	€22k
Tangible fixed assets	22/27	€15k	€18k	€22k
Current assets	29/58	€136k	€340k	€502k
Amounts receivable within one year	40/41	€136k	€329k	€491k
Cash & bank	54/58	€327	€10k	€11k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€151k	€358k	€524k
Equity	10/15	€94k	€305k	€477k
Contributions / capital	10/11	€149k	€149k	€149k
Reserves	13	€146k	€146k	€146k
Accumulated profits (losses)	14	€-200k	€11k	€182k
Amounts payable	17/49	€57k	€53k	€47k
Amounts payable within one year	42/48	€57k	€53k	€47k
Trade debts payable within one year	44	€34k	€22k	€18k
Income statement
Gross operating margin	9900	€164k	€222k	€470k
Operating result	9901	€-212k	€-172k	€68k
Financial income	75	€649	€963	€945
Financial charges	65	€77	€61	€162
Result before taxes	9903	€-211k	€-171k	€69k
Net result for the period	9904	€-211k	€-171k	€69k
Result to be appropriated	9905	€-211k	€-171k	€69k

Directors & mandates1 person

Role	Name	Tenure
Curator	KARL DE RIDDER RUE DU PARC,49, 6000 CHAR- LEROI- . Date provisoire de cessation de paiement : 25/08/2026	25-08-2026 → present

Legal Structure

NACE primary	Manufacture of furniture(31003)
Legal form	Public limited company(014)
Incorporation	26-04-1988
Status	Inactive
Postal code	6500
First insolvency signal	31-08-2026
Latest insolvency signal	31-08-2026

Establishment units 1 location

NEW-HERMAT

Chaussée de Mons(BT) 3, 6500 BeaumontManufacture of furniture

since 19882.037.889.430

Real-estate footprint Source: CBE × cadastre

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56076D0185/00W000	Wallonia	3,583 m²	1 · 1,611 m²	6.7 m · 2 fl.
56005A0523/00P000	Wallonia	591 m²	1 · 61 m²	12.2 m · 3 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 11 events

All 12Signals 1Financial 1Filings 10

2026

31-08

Bankruptcy Opening

Tribunal de l’entreprise du Hainaut, division Charleroi · NEW-HERMAT (SA) ZONE ARTISANA- LE(BT) 3, 6500 BEAUMONT · event 25-08-2026

2025

27-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 27 days late

2024

31-12

Financial Weakest financial yearnet €-211k

Net result drops to €-211k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 30 days late

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 30 days late

2022

16-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 16 days late

2021

04-05

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

08-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

11-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

26-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

03-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

20-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Lifecycle & Insolvency Signals1 events

31-08-2026

Bankruptcy Opening

Date: 25-08-2026 · Tribunal de l’entreprise du Hainaut, division Charleroi · NEW-HERMAT (SA) ZONE ARTISANA- LE(BT) 3, 6500 BEAUMONT · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgian State Gazette reading coverage 0 of 11 acts read

We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

No credit: a bankruptcy procedure is open.

Company registry (CBE) Crossroads Bank

Activities

Manufacture of furniture31003

Names & trade names

Legal nameFR

NEW-HERMAT

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