ACTIVE

HERAD

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Financial year 2025 · closed on 31/12/2025

Net result

29,7 k €

+1443.2% YoY

Gross margin

24,7 k €

+1279.6% YoY

Equity

1,7 M €

+1.8% YoY

What does HERAD do?

HERAD is a Public limited company incorporated in 1983. Its main activity is: Sports activities and amusement and recreation activities. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.103.389

Incorporation

28/12/1983

Legal form

Public limited company

Registered office

Avenue Jean et Pierre Carsoel 118
1180 Uccle · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

93053Sports activities and amusement and recreation activities· main 96099Other personal service activities n.e.c.96999Other personal service activities

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

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	24,7 k €	+1280%	1,8 k €	-91.9%	22,1 k €	-63.8%	61,1 k €	+14.1%	53,5 k €	-3.9%	55,7 k €	-7.7%	60,4 k €	+6.6%	56,7 k €	-53.2%	121,2 k €	+112%	57,3 k €	+10.0%	52,1 k €	+948%	5 k €	-65.7%	14,5 k €	-45.9%	26,8 k €	-48.9%	52,4 k €	-16.9%	63 k €	+15.3%	54,7 k €	-30.4%	78,5 k €	+15.5%	68 k €	-20.7%	85,8 k €
EBITDA	22,1 k €	+1221%	-2 k €	-111%	18,6 k €	-67.2%	56,8 k €	+11.8%	50,8 k €	-3.7%	52,8 k €	-8.6%	57,7 k €	+6.9%	54 k €	-54.5%	118,5 k €	+117%	54,7 k €	+10.4%	49,6 k €	+1906%	2,5 k €	-79.5%	12 k €	-50.6%	24,4 k €	-51.1%	49,9 k €	-18.2%	61 k €	+15.7%	52,7 k €	-31.2%	76,6 k €	+15.9%	66,1 k €	-21.2%	83,8 k €
Operating result	20,8 k €	+207%	-19,4 k €	-1026%	2,1 k €	-94.8%	40 k €	-16.6%	48 k €	-3.5%	49,7 k €	-8.1%	54,1 k €	+6.5%	50,8 k €	-55.7%	114,7 k €	+127%	50,6 k €	+11.1%	45,6 k €	+4311%	-1,1 k €	-111%	9,4 k €	-47.5%	18 k €	-56.6%	41,4 k €	-17.8%	50,3 k €	+7.2%	47 k €	-34.2%	71,3 k €	+14.1%	62,5 k €	-23.0%	81,1 k €
Net result	29,7 k €	+1443%	-2,2 k €	+95.0%	-44,3 k €	-248%	30,1 k €	-19.7%	37,4 k €	-7.8%	40,6 k €	-77.1%	177,5 k €	+708%	-29,2 k €	-125%	118 k €	+32.8%	88,9 k €	+6.0%	83,9 k €	-22.3%	107,9 k €	+195%	36,6 k €	-39.5%	60,5 k €	+51.3%	40 k €	-28.5%	55,9 k €	-18.8%	68,9 k €	+801%	7,7 k €	-87.9%	63,1 k €	-35.8%	98,2 k €
Balance sheet
Equity	1,7 M €	+1.8%	1,7 M €	-0.1%	1,7 M €	-2.5%	1,7 M €	+1.8%	1,7 M €	+2.2%	1,7 M €	+2.5%	1,6 M €	+12.2%	1,5 M €	-2.0%	1,5 M €	+8.6%	1,4 M €	+7.0%	1,3 M €	+7.0%	1,2 M €	+9.9%	1,1 M €	+3.5%	1,1 M €	+6.1%	990 k €	+4.2%	950 k €	+6.3%	894 k €	+8.4%	825,1 k €	+0.9%	817,5 k €	+8.4%	754,4 k €
Total assets	1,7 M €	+1.9%	1,7 M €	-0.1%	1,7 M €	-2.5%	1,7 M €	+1.0%	1,7 M €	+2.5%	1,7 M €	+1.6%	1,7 M €	+13.3%	1,5 M €	-2.5%	1,5 M €	+9.4%	1,4 M €	+6.9%	1,3 M €	+7.3%	1,2 M €	+9.8%	1,1 M €	+3.5%	1,1 M €	+5.7%	995,7 k €	+4.3%	954,2 k €	+6.5%	895,8 k €	+8.2%	828 k €	+0.6%	823,1 k €	+8.7%	757,4 k €
Cash	83,3 k €	-10.5%	93,2 k €	+5.7%	88,1 k €	-7.8%	95,6 k €	+18.5%	80,6 k €	+605%	11,4 k €	-83.3%	68,6 k €	+41.0%	48,6 k €	+37.8%	35,3 k €	-54.8%	78,1 k €	+217%	24,6 k €	-16.6%	29,5 k €	-22.3%	38 k €	-81.9%	210,3 k €	-2.4%	215,6 k €	+644%	29 k €	-89.6%	279,6 k €	+40.9%	198,5 k €	+55.3%	127,8 k €	-28.3%	178,1 k €
Debts	7,5 k €	+59.8%	4,7 k €	+5.2%	4,4 k €	-2.9%	4,6 k €	-74.3%	17,8 k €	+42.9%	12,4 k €	-49.1%	24,4 k €	+276%	6,5 k €	-59.8%	16,1 k €	+229%	4,9 k €	+113%	2,3 k €	+25.5%	1,8 k €	-25.8%	2,5 k €	+4.1%	2,4 k €	-58.5%	5,7 k €	+34.4%	4,3 k €	+144%	1,7 k €	-40.6%	2,9 k €	-47.8%	5,6 k €	+84.7%	3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

ADELINE VAN DOOREN

Director · until 30 juin 2029

Active

YVES HUPPEN

Managing director · until 30 juin 2029

Active

Ended mandates

ADELINE VAN DOOREN

Director · since 01 juillet 2005 · until 30 juin 2011

Ended

HERMAN HUPPEN

Managing director · since 01 juillet 2005 · until 30 juin 2011

Ended

YVES HUPPEN

Director · since 01 juillet 2005 · until 30 juin 2011

Ended

ADELINE VAN DOOREN

Director · until 30 juin 2011

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires à Uccle Avenue Jean et Pierre Carsoel, 118● Active	0830.967.524

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/08/2026	25/08/2025	29/08/2024	30/08/2023	28/08/2022	30/08/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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
Micro model	31/12/2025	18/06/2026	21/08/2026	French	PDF
Micro model	31/12/2024	19/06/2025	25/08/2025	French	PDF
Micro model	31/12/2023	20/06/2024	29/08/2024	French	PDF
Micro model	31/12/2022	15/06/2023	30/08/2023	French	PDF
Micro model	31/12/2021	16/06/2022	28/08/2022	French	PDF
Micro model	31/12/2020	17/06/2021	30/08/2021	French	PDF
Micro model	31/12/2019	18/06/2020	06/10/2020	French	PDF
Micro model	31/12/2018	20/06/2019	29/08/2019	French	PDF
Micro model	31/12/2017	21/06/2018	29/08/2018	French	PDF
Micro model	31/12/2016	15/06/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	16/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	18/06/2015	25/08/2015	French	PDF
Abridged model	31/12/2013	19/06/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	20/06/2013	31/08/2013	French	PDF
Abridged model	31/12/2011	21/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	16/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	17/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	21/06/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	19/06/2008	31/08/2008	French	PDF
Abridged model	31/12/2006	21/06/2007	12/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/12/2025 · 2 active · 14 ended

Active mandates

ADELINE VAN DOOREN

Director · until 30 juin 2029

Active

YVES HUPPEN

Managing director · until 30 juin 2029

Active

Ended mandates

ADELINE VAN DOOREN

Director · since 01 juillet 2005 · until 30 juin 2011

Ended

HERMAN HUPPEN

Managing director · since 01 juillet 2005 · until 30 juin 2011

Ended

YVES HUPPEN

Director · since 01 juillet 2005 · until 30 juin 2011

Ended

ADELINE VAN DOOREN

Director · until 30 juin 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/04/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates24/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates27/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates31/10/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2002
DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 202529,7 k €↑
2024
Annual accounts 2024-2,2 k €↑
2023
Annual accounts 2023-44,3 k €↓
2022
Annual accounts 202230,1 k €↓
2021
Annual accounts 202137,4 k €↓
2020
Annual accounts 202040,6 k €↓
2019
Annual accounts 2019177,5 k €↑
2018
Annual accounts 2018-29,2 k €↓
2017
Annual accounts 2017118 k €↑
2016
Annual accounts 201688,9 k €↑
2015
Annual accounts 201583,9 k €↓
2014
Annual accounts 2014107,9 k €↑
2013
Annual accounts 201336,6 k €↓
2012
Annual accounts 201260,5 k €↑
2011
Annual accounts 201140 k €↓
2010
Annual accounts 201055,9 k €↓
2009
Annual accounts 200968,9 k €↑
2008
Annual accounts 20087,7 k €↓
2007
Annual accounts 200763,1 k €↓
2006
Annual accounts 200698,2 k €
28/12/1983
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

HERAD

Overview

What does HERAD 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