OPENING OF BANKRUPTCY

HERCON

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Financial year 2023 · closed on 30/06/2023

Net result

44,5 k €

+40.1% YoY

Gross margin

633 k €

+28.1% YoY

Equity

1,7 M €

+2.6% YoY

Workforce

7,8 ETP

-1.3% YoY

Company — Opening of bankruptcy.

What does HERCON do?

HERCON is a Public limited company incorporated in 1987. Its main activity is: Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Its registered office is in Houthalen-Helchteren. It employs on average 7,8 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0430.658.026

Incorporation

26/03/1987

Legal form

Public limited company

Registered office

Centrum-Zuid 2092
3530 Houthalen-Helchteren · FlandreSee on map

Contributed capital

148 736,11 €

Latest accounts

30/06/2023

Average workforce

7,8 ETP

Activities (NACE)

25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy· main 25620Machining 28520Manufacture of machinery and equipment n.e.c.43240Electrical, plumbing and other construction installation activities 43299Other construction installation 45340Sale of motor vehicle parts and accessories

Joint committees (4)

111
11100
209
20900

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2023		2022		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	633 k €	+28.1%	494,3 k €	-64.6%	1,4 M €	-7.6%	1,5 M €	+54.7%	977,5 k €	-22.0%	1,3 M €	+46.6%	854,9 k €	+15.6%	739,7 k €	-7.2%	797,5 k €	-8.3%	870,1 k €	+6.7%	815,5 k €	+16.9%	697,7 k €	-5.8%	740,5 k €	+5.3%	702,9 k €	+20.0%	586 k €	+6.4%	550,9 k €
EBITDA	127,8 k €	+84.6%	69,2 k €	-73.0%	256,2 k €	-63.5%	702,5 k €	+190%	242,3 k €	-58.6%	585,2 k €	+133%	251,6 k €	+68.9%	149 k €	-38.0%	240,1 k €	-34.4%	366,2 k €	+24.4%	294,3 k €	+35.2%	217,7 k €	-22.8%	282,1 k €	+5.6%	267,1 k €	+21.2%	220,4 k €	+23.4%	178,6 k €
Operating result	72,5 k €	+35.7%	53,4 k €	-74.3%	207,9 k €	-66.5%	620,8 k €	+318%	148,6 k €	-69.2%	482,8 k €	+242%	141 k €	+1501%	8,8 k €	-93.9%	144,2 k €	-39.6%	238,9 k €	+73.2%	137,9 k €	+25.8%	109,7 k €	-31.8%	160,7 k €	+4.5%	153,7 k €	+16.6%	131,8 k €	-4.5%	138 k €
Net result	44,5 k €	+40.1%	31,8 k €	-76.7%	136,6 k €	-69.1%	442,5 k €	+417%	85,6 k €	-76.3%	361,5 k €	+394%	73,1 k €	+557%	11,1 k €	+237%	3,3 k €	-97.5%	130,5 k €	+170%	48,3 k €	+102%	23,9 k €	-41.3%	40,7 k €	-61.0%	104,2 k €	+15.3%	90,3 k €	+8.8%	83 k €
Balance sheet
Equity	1,7 M €	+2.6%	1,7 M €	+454%	305,5 k €	-79.2%	1,5 M €	+43.1%	1 M €	+9.1%	940,7 k €	-9.3%	1 M €	+7.6%	963,7 k €	+1.2%	952,6 k €	+0.3%	949,3 k €	+15.9%	818,8 k €	+6.3%	770,5 k €	+3.2%	746,6 k €	+16.5%	641,1 k €	+19.4%	536,9 k €	+20.2%	446,5 k €
Total assets	3,4 M €	-3.0%	3,5 M €	+78.5%	2 M €	-10.7%	2,2 M €	+41.8%	1,5 M €	-14.0%	1,8 M €	-0.2%	1,8 M €	+6.1%	1,7 M €	-5.6%	1,8 M €	-3.7%	1,9 M €	+4.2%	1,8 M €	+30.0%	1,4 M €	-19.2%	1,7 M €	+26.3%	1,3 M €	-7.3%	1,5 M €	+15.6%	1,3 M €
Cash	33,9 k €	-39.6%	56,1 k €	-58.2%	134,2 k €	+141%	55,7 k €	-2.4%	57,1 k €	-1.2%	57,7 k €	+14.1%	50,6 k €	-47.9%	97,2 k €	+49.0%	65,2 k €	+12.5%	58 k €	-1.7%	58,9 k €	-56.6%	135,9 k €	+54.1%	88,1 k €	+43.4%	61,5 k €	+8.6%	56,6 k €	-55.3%	126,6 k €
Debts	1,6 M €	-7.2%	1,8 M €	+7.9%	1,6 M €	+129%	715,9 k €	+39.1%	514,7 k €	-39.5%	850,8 k €	+12.1%	758,7 k €	+4.0%	729,4 k €	-13.3%	840,9 k €	-7.8%	912,2 k €	-5.8%	968 k €	+60.3%	604 k €	-36.7%	953,8 k €	+35.2%	705,4 k €	-22.9%	915,3 k €	+13.0%	809,8 k €
Other
Workforce	7,8 ETP	-1.3%	7,9 ETP	-34.2%	12,0 ETP	-6.3%	12,8 ETP	+5.8%	12,1 ETP	+2.5%	11,8 ETP	+6.3%	11,1 ETP	+4.7%	10,6 ETP	-4.5%	11,1 ETP	+9.9%	10,1 ETP	0.0%	10,1 ETP	+3.1%	9,8 ETP	+1.0%	9,7 ETP	+6.6%	9,1 ETP	+23.0%	7,4 ETP	-2.6%	7,6 ETP

Governance

Board of directors

Seen on filing of 30/06/2023 · 1 active · 8 ended

Active mandates

DALGA HOLDING

Director · since 15 janvier 2020 · 0724.589.010

Represented by Ozgürdalga Uyar

Active

Ended mandates

Guido VOETS

Director · until 06 octobre 2012

Ended

Guido VOETS

Director

Ended

LUVO NV

Managing director · until 06 octobre 2012 · 0440.777.007

Ended

LUVO NV

Managing director · 0440.777.007

Ended

At this address

Other companies at this address

Company	CBE no.
DALGA HOLDING● Bankrupt	0724.589.010

Annual accounts

Full financial information

	2023	2022	2021	2020	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2022	01/07/2021	01/07/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	30/06/2023	30/06/2022	30/06/2021	30/06/2020	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	18 months	12 months	12 months
Filing date	31/01/2024	31/01/2023	31/01/2022	29/01/2021	15/08/2019	26/08/2018
General meeting	28/12/2023	31/12/2022	31/12/2021	31/12/2020	28/06/2019	22/06/2018
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2023	28/12/2023	31/01/2024	Dutch	PDF
Abridged model	30/06/2022	31/12/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	31/12/2021	31/01/2022	Dutch	PDF
Abridged model	30/06/2020	31/12/2020	29/01/2021	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	15/08/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	26/08/2018	Dutch	PDF
Abridged model	31/12/2016	18/04/2017	26/09/2017	Dutch	PDF
Abridged model	31/12/2015	19/04/2016	10/08/2016	Dutch	PDF
Abridged model	31/12/2014	21/04/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	15/04/2014	31/08/2014	Dutch	PDF
Abridged model	31/12/2012	16/04/2013	28/09/2013	Dutch	PDF
Abridged model	31/12/2011	17/04/2012	27/11/2012	Dutch	PDF
Abridged model	31/12/2010	19/04/2011	08/12/2011	Dutch	PDF
Abridged model	31/12/2009	20/04/2010	09/12/2010	Dutch	PDF
Abridged model	31/12/2008	21/04/2009	29/10/2009	Dutch	PDF
Abridged model	31/12/2007	15/04/2008	02/12/2008	Dutch	PDF
Abridged model	31/12/2006	17/04/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

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 30/06/2023 · 1 active · 8 ended

Active mandates

DALGA HOLDING

Director · since 15 janvier 2020 · 0724.589.010

Represented by Ozgürdalga Uyar

Active

Ended mandates

Guido VOETS

Director · until 06 octobre 2012

Ended

Guido VOETS

Director

Ended

LUVO NV

Managing director · until 06 octobre 2012 · 0440.777.007

Ended

LUVO NV

Managing director · 0440.777.007

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office11/10/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office07/02/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other10/01/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - BOEKJAAR
PDF
Restructuring08/08/2016
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring09/06/2016
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates31/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2006
ONTSLAGEN - BENOEMINGEN
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

2023
Annual accounts 202344,5 k €↑
2022
Annual accounts 202231,8 k €↓
2020
Annual accounts 2020136,6 k €↓
2018
Annual accounts 2018442,5 k €↑
2017
Annual accounts 201785,6 k €↓
2016
Annual accounts 2016361,5 k €↑
2015
Annual accounts 201573,1 k €↑
2014
Annual accounts 201411,1 k €↑
2013
Annual accounts 20133,3 k €↓
2012
Annual accounts 2012130,5 k €↑
2011
Annual accounts 201148,3 k €↑
2010
Annual accounts 201023,9 k €↓
2009
Annual accounts 200940,7 k €↓
2008
Annual accounts 2008104,2 k €↑
2007
Annual accounts 200790,3 k €↑
2006
Annual accounts 200683 k €
26/03/1987
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

HERCON

Overview

What does HERCON do?

Trend over 16 financial years

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