ACTIVE

HERCAS

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Financial year 2026 · closed on 31/03/2026

Net result

3,2 M €

+952.4% YoY

Gross margin

287,4 k €

-34.3% YoY

Equity

8,2 M €

+64.6% YoY

What does HERCAS do?

HERCAS is a Public limited company incorporated in 1982. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Diksmuide.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.777.360

Incorporation

22/12/1982

Legal form

Public limited company

Registered office

Oostendestraat 35
8600 Diksmuide · FlandreSee on map

Contributed capital

3 009 917,13 €

Latest accounts

31/03/2026

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	287,4 k €	-34.3%	437,4 k €	+11.9%	390,9 k €	+34.8%	290 k €	-0.1%	290,4 k €	+9522%	-3,1 k €	-0.9%	-3,1 k €	-104%	68,4 k €	+1.6%	67,3 k €	-32.6%	99,9 k €	+6.8%	93,5 k €	+38.3%	67,6 k €	+53.5%	44,1 k €	-4.5%	46,1 k €	-5.1%	48,6 k €	+4.3%	46,6 k €	+633%	-8,8 k €	-755%	-1 k €	-156%	1,8 k €	+355%	-717 €
EBITDA	285,9 k €	-34.4%	436,1 k €	+11.9%	389,6 k €	+34.9%	288,8 k €	+3.7%	278,6 k €	+6699%	-4,2 k €	-0.7%	-4,2 k €	-106%	67,3 k €	+1.6%	66,2 k €	-33.3%	99,3 k €	+6.6%	93,2 k €	+38.5%	67,3 k €	+69.2%	39,8 k €	-13.1%	45,8 k €	-5.4%	48,4 k €	+4.2%	46,4 k €	+614%	-9 k €	-639%	-1,2 k €	-182%	1,5 k €	+202%	-1,5 k €
Operating result	285,9 k €	-34.4%	436,1 k €	+11.9%	389,6 k €	+34.9%	288,8 k €	+3.7%	278,6 k €	+6699%	-4,2 k €	-0.7%	-4,2 k €	-106%	67,3 k €	+1.6%	66,2 k €	-33.3%	99,3 k €	+6.6%	93,2 k €	+38.5%	67,3 k €	+69.2%	39,8 k €	-13.1%	45,8 k €	-5.4%	48,4 k €	+4.2%	46,4 k €	+614%	-9 k €	-639%	-1,2 k €	-182%	1,5 k €	+202%	-1,5 k €
Net result	3,2 M €	+952%	304,4 k €	+14.0%	267 k €	+41.0%	189,3 k €	-0.8%	190,8 k €	-82.2%	1,1 M €	+3556%	-31 k €	-220%	25,9 k €	+0.7%	25,7 k €	-49.9%	51,3 k €	+6.2%	48,3 k €	+33.9%	36,1 k €	+467%	6,4 k €	-50.1%	12,8 k €	+86.4%	6,8 k €	+439%	1,3 k €	-99.1%	138,7 k €	+703%	-23 k €	-1065%	2,4 k €	+254%	-1,5 k €
Balance sheet
Equity	8,2 M €	+64.6%	5 M €	+6.5%	4,7 M €	+6.1%	4,4 M €	+4.0%	4,2 M €	-16.0%	5 M €	+27.1%	3,9 M €	-0.8%	4 M €	+0.7%	4 M €	+0.7%	3,9 M €	+216%	1,2 M €	-0.8%	1,3 M €	+1.0%	1,2 M €	+0.5%	1,2 M €	+1.0%	1,2 M €	+0.6%	1,2 M €	+0.1%	1,2 M €	+1335%	84,5 k €	-21.4%	107,5 k €	+2.3%	105,1 k €
Total assets	10,1 M €	+23.8%	8,2 M €	-0.1%	8,2 M €	-1.0%	8,3 M €	+0.8%	8,2 M €	-12.7%	9,4 M €	+13.0%	8,3 M €	-0.0%	8,3 M €	+0.8%	8,2 M €	+0.0%	8,2 M €	+52.0%	5,4 M €	+109%	2,6 M €	+0.0%	2,6 M €	-0.1%	2,6 M €	-0.2%	2,6 M €	-1.1%	2,6 M €	+0.5%	2,6 M €	+2023%	123,5 k €	-15.3%	145,7 k €	+0.7%	144,7 k €
Cash	2,4 €	+1137%	0,2 €	-100.0%	6,2 k €	-65.5%	17,9 k €	+8135618%	0,2 €	-100.0%	635,5 €	+2951%	20,8 €	+2410%	0,8 €	-99.9%	1,4 k €	+45.2%	957,4 €	+1280%	69,4 €	-61.0%	177,7 €	+1491%	11,2 €	-99.6%	2,8 k €	+3261%	84,7 €	-79.9%	422,4 €	-75.4%	1,7 k €	+290%	440,2 €	-20.5%	553,5 €	+956%	52,4 €
Debts	2 M €	-38.8%	3,2 M €	-8.7%	3,5 M €	-9.0%	3,8 M €	-2.5%	3,9 M €	-8.8%	4,3 M €	+0.1%	4,3 M €	+0.7%	4,3 M €	+0.8%	4,3 M €	-0.6%	4,3 M €	+2.9%	4,2 M €	+213%	1,3 M €	-0.8%	1,3 M €	-0.6%	1,3 M €	-2.3%	1,4 M €	-2.3%	1,4 M €	+0.8%	1,4 M €	+3486%	39 k €	+2.0%	38,3 k €	-3.4%	39,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2026 · 5 active · 16 ended

Active mandates

Carlos Vinckier

Chairman of the board of directors · since 18 juillet 2025 · until 29 septembre 2031

Active

VINCKIER INVEST

Managing director · since 18 juillet 2025 · until 29 septembre 2031 · 0811.642.253

Represented by Thomas Vinckier

Active

VINCKIER-STEVERLYNCK

Managing director · since 18 juillet 2025 · until 29 septembre 2031 · 0845.986.884

Represented by Pieter Vinckier

Active

Pieter Vinckier

Managing director · since 27 septembre 2021 · until 18 juillet 2025

Active

Thomas Vinckier

Managing director · since 27 septembre 2021 · until 18 juillet 2025

Active

Ended mandates

Carlos Vinckier

Chairman of the board of directors · since 27 septembre 2021 · until 27 septembre 2027

Ended

Pieter Vinckier

Managing director · since 27 septembre 2021 · until 27 septembre 2027

Ended

Thomas Vinckier

Managing director · since 27 septembre 2021 · until 27 septembre 2027

Ended

Carlos Vinckier

Chairman of the board of directors · since 28 septembre 2015 · until 27 septembre 2021

Ended

At this address

Other companies at this address

Company	CBE no.
GROEP VINCKIER● Active	0800.721.934
IMMO VINCKIER B.● Active	0425.232.261
V-CONSTRUCT● Active	0628.969.081
Vinckier Bouwservice● Active	0821.459.148

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/05/2026	04/06/2025	10/10/2024	30/10/2023	03/11/2022	21/04/2021
General meeting	12/05/2026	03/06/2025	20/06/2024	25/09/2023	26/09/2022	20/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2026	12/05/2026	13/05/2026	Dutch	PDF
Abridged model	31/03/2025	03/06/2025	04/06/2025	Dutch	PDF
Abridged model	31/03/2024	20/06/2024	10/10/2024	Dutch	PDF
Abridged model	31/03/2023	25/09/2023	30/10/2023	Dutch	PDF
Abridged model	31/03/2022	26/09/2022	03/11/2022	Dutch	PDF
Abridged model	31/03/2021	20/04/2021	21/04/2021	Dutch	PDF
Abridged model	31/03/2020	28/09/2020	08/10/2020	Dutch	PDF
Abridged model	31/03/2019	30/09/2019	30/09/2019	Dutch	PDF
Abridged model	31/03/2018	24/09/2018	24/09/2018	Dutch	PDF
Abridged model	31/03/2017	25/09/2017	25/10/2017	Dutch	PDF
Abridged model	31/03/2016	26/09/2016	13/10/2016	Dutch	PDF
Abridged model	31/03/2015	28/09/2015	29/09/2015	Dutch	PDF
Abridged model	31/03/2014	29/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/03/2013	30/09/2013	16/10/2013	Dutch	PDF
Abridged model	31/03/2012	24/09/2012	26/10/2012	Dutch	PDF
Abridged model	31/03/2011	26/09/2011	26/10/2011	Dutch	PDF
Abridged model	31/03/2010	27/09/2010	01/10/2010	Dutch	PDF
Abridged model	31/03/2009	28/09/2009	29/09/2009	Dutch	PDF
Abridged model	31/03/2008	29/09/2008	06/11/2008	Dutch	PDF
Abridged model	31/03/2007	24/09/2007	18/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2026 · 5 active · 16 ended

Active mandates

Carlos Vinckier

Chairman of the board of directors · since 18 juillet 2025 · until 29 septembre 2031

Active

VINCKIER INVEST

Managing director · since 18 juillet 2025 · until 29 septembre 2031 · 0811.642.253

Represented by Thomas Vinckier

Active

VINCKIER-STEVERLYNCK

Managing director · since 18 juillet 2025 · until 29 septembre 2031 · 0845.986.884

Represented by Pieter Vinckier

Active

Pieter Vinckier

Managing director · since 27 septembre 2021 · until 18 juillet 2025

Active

Thomas Vinckier

Managing director · since 27 septembre 2021 · until 18 juillet 2025

Active

Ended mandates

Carlos Vinckier

Chairman of the board of directors · since 27 septembre 2021 · until 27 septembre 2027

Ended

Pieter Vinckier

Managing director · since 27 septembre 2021 · until 27 septembre 2027

Ended

Thomas Vinckier

Managing director · since 27 septembre 2021 · until 27 septembre 2027

Ended

Carlos Vinckier

Chairman of the board of directors · since 28 septembre 2015 · until 27 septembre 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/01/2017
KAPITAAL - AANDELEN
PDF
Mandates30/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2010
BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2009
ONTSLAGEN - BENOEMINGEN
PDF
Other10/02/2006
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares24/01/2006
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2026
Annual accounts 20263,2 M €↑
2025
Annual accounts 2025304,4 k €↑
2024
Annual accounts 2024267 k €↑
2023
Annual accounts 2023189,3 k €↓
2022
Annual accounts 2022190,8 k €↓
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 2020-31 k €↓
2019
Annual accounts 201925,9 k €↑
2018
Annual accounts 201825,7 k €↓
2017
Annual accounts 201751,3 k €↑
2016
Annual accounts 201648,3 k €↑
2015
Annual accounts 201536,1 k €↑
2014
Annual accounts 20146,4 k €↓
2013
Annual accounts 201312,8 k €↑
2012
Annual accounts 20126,8 k €↑
2011
Annual accounts 20111,3 k €↓
2010
Annual accounts 2010138,7 k €↑
2009
Annual accounts 2009-23 k €↓
2008
Annual accounts 20082,4 k €↑
2007
Annual accounts 2007-1,5 k €
22/12/1982
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HERCAS

Overview

What does HERCAS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline