HERACLES
0431.490.444 · rovalta.com · 22/09/2026
NORMAL SITUATION
HERACLES
Financial year 2025 · closed on 30/09/2025
Net result
-24,6 k €
-158.9% YoY
Gross margin
139,1 k €
-46.7% YoY
Equity
279,4 k €
-8.1% YoY
Workforce
4,9 ETP
Company — Normal situation.
Overview
What does HERACLES do?
HERACLES is a company registered in Belgium. It employs on average 4,9 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0431.490.444
Legal form
Private company with limited liability
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Average workforce
4,9 ETP
Joint committees (1)
- 302
Signals
Solid equityPositive EBITDAHealthy social debts
Available with a Rovalta subscriptionTry for 7 days
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 | 139,1 k € | -46.7% | 261,1 k € | -6.5% | 279,4 k € | +58.4% | 176,3 k € | +28.0% | 137,7 k € | +25.4% | 109,8 k € | -39.8% | 182,3 k € | +2.3% | 178,3 k € | +5.1% | 169,6 k € | +38.5% | 122,5 k € | -16.4% | 146,4 k € | -8.9% | 160,8 k € | -43.8% | 285,9 k € | +63.0% | 175,4 k € | +10.4% | 158,9 k € | +20.4% | 131,9 k € | -7.3% | 142,3 k € | +0.2% | 142 k € | +30.7% | 108,6 k € | -0.6% | 109,3 k € |
| EBITDA | 5,6 k € | -93.9% | 91,8 k € | -32.1% | 135,2 k € | +101% | 67,1 k € | -21.1% | 85 k € | +66.8% | 51 k € | -36.7% | 80,6 k € | +5.7% | 76,2 k € | +14.1% | 66,8 k € | +99.5% | 33,5 k € | -3.1% | 34,6 k € | -33.4% | 51,9 k € | -70.2% | 174,3 k € | +140% | 72,6 k € | +5.9% | 68,6 k € | +51.4% | 45,3 k € | -41.6% | 77,6 k € | +17.1% | 66,3 k € | +30.4% | 50,8 k € | +4.3% | 48,7 k € |
| Operating result | -10,8 k € | -114% | 75,4 k € | -33.8% | 113,9 k € | +139% | 47,6 k € | -3.5% | 49,3 k € | +365% | 10,6 k € | -74.0% | 40,7 k € | +17.6% | 34,6 k € | +152% | 13,7 k € | +766% | 1,6 k € | -61.0% | 4,1 k € | -81.1% | 21,4 k € | -85.0% | 143,1 k € | +237% | 42,5 k € | +103% | 21 k € | +3271% | -660,6 € | -102% | 30,7 k € | +38.5% | 22,1 k € | +26.6% | 17,5 k € | -26.9% | 23,9 k € |
| Net result | -24,6 k € | -159% | 41,7 k € | -38.1% | 67,4 k € | +144% | 27,7 k € | -9.8% | 30,7 k € | +1458% | 2 k € | -91.4% | 22,9 k € | +32.9% | 17,3 k € | +35769% | 48,1 € | +101% | -4,3 k € | -6106% | 71 € | -99.5% | 13,6 k € | -85.1% | 91,7 k € | +255% | 25,8 k € | +80.3% | 14,3 k € | +248% | -9,7 k € | -142% | 22,8 k € | +54.8% | 14,7 k € | +30.9% | 11,3 k € | -42.6% | 19,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 279,4 k € | -8.1% | 303,9 k € | +15.9% | 262,2 k € | +34.6% | 194,8 k € | +16.6% | 167,2 k € | +22.5% | 136,5 k € | +1.5% | 134,5 k € | +20.5% | 111,6 k € | +18.3% | 94,3 k € | +0.1% | 94,3 k € | -4.3% | 98,6 k € | +0.1% | 98,5 k € | +16.1% | 84,8 k € | +46.2% | 58 k € | +80.0% | 32,2 k € | +79.7% | 17,9 k € | -35.0% | 27,6 k € | +477% | 4,8 k € | +148% | -10 k € | +53.1% | -21,2 k € |
| Total assets | 696,6 k € | -1.2% | 705 k € | -1.8% | 717,7 k € | +6.9% | 671,7 k € | -0.4% | 674,6 k € | +0.7% | 670,1 k € | -6.3% | 714,9 k € | -3.6% | 741,9 k € | -5.6% | 786,2 k € | -5.7% | 833,4 k € | +594% | 120 k € | -14.3% | 140,1 k € | -36.0% | 218,7 k € | +28.5% | 170,2 k € | -4.3% | 177,9 k € | -18.6% | 218,5 k € | -2.2% | 223,3 k € | -6.7% | 239,3 k € | +21.3% | 197,3 k € | +303% | 49 k € |
| Cash | 27,4 k € | -77.1% | 119,8 k € | -2.7% | 123,2 k € | +118% | 56,6 k € | +21.8% | 46,4 k € | +522% | 7,5 k € | -62.2% | 19,7 k € | +37.2% | 14,4 k € | +0.6% | 14,3 k € | -26.0% | 19,3 k € | +20.8% | 16 k € | +20.7% | 13,3 k € | -81.8% | 72,8 k € | +1010% | 6,6 k € | -37.1% | 10,4 k € | +15.7% | 9 k € | -5.7% | 9,6 k € | +56.8% | 6,1 k € | -43.6% | 10,8 k € | -0.9% | 10,9 k € |
| Debts | 417,3 k € | +4.0% | 401,1 k € | -11.9% | 455,5 k € | -4.5% | 476,8 k € | -6.0% | 507,4 k € | -4.9% | 533,6 k € | -7.7% | 578,3 k € | -8.2% | 630,3 k € | -8.9% | 691,8 k € | -6.4% | 739,1 k € | +3344% | 21,5 k € | -48.4% | 41,6 k € | -68.9% | 133,8 k € | +19.3% | 112,2 k € | -23.0% | 145,7 k € | -27.4% | 200,5 k € | +2.5% | 195,7 k € | -16.5% | 234,5 k € | +13.1% | 207,3 k € | +195% | 70,2 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 4,9 ETP | – | – | – | – | – | – | – | – | – | 3,0 ETP | +11.1% | 2,7 ETP | -12.9% | 3,1 ETP | 0.0% | 3,1 ETP | +10.7% | 2,8 ETP | 0.0% | 2,8 ETP | +40.0% | 2,0 ETP | -16.7% | 2,4 ETP | +9.1% | 2,2 ETP | +29.4% | 1,7 ETP | ||||||||||
Governance
Board of directors
Seen on filing of 30/09/2025 · 1 active · 4 ended
Active mandates
David Van Nieuwenhove
ActiveEnded mandates
André Wouters
EndedAndré Wouters
EndedAndré Wouters
EndedDavid Van Nieuwenhove
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged 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 | 30/09/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 9 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 28/04/2026 | 22/07/2025 | 01/08/2024 | 20/06/2023 | 26/07/2022 | 27/07/2021 |
| General meeting | 30/03/2026 | 30/06/2025 | 21/06/2024 | 16/06/2023 | 17/06/2022 | 18/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
38 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/09/2025 | 30/03/2026 | 28/04/2026 | Dutch | |
| Micro model | 31/12/2024 | 30/06/2025 | 22/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 21/06/2024 | 01/08/2024 | Dutch | |
| Micro model | 31/12/2022 | 16/06/2023 | 20/06/2023 | Dutch | |
| Micro model | 31/12/2021 | 17/06/2022 | 26/07/2022 | Dutch | |
| Micro model | 31/12/2020 | 18/06/2021 | 27/07/2021 | Dutch | |
| Micro model | 31/12/2019 | 19/06/2020 | 23/06/2020 | Dutch | |
| Micro model | 31/12/2018 | 21/06/2019 | 31/07/2019 | Dutch | |
| Micro model | 31/12/2017 | 15/06/2018 | 13/07/2018 | Dutch | |
| Micro model | 31/12/2016 | 16/06/2017 | 19/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 17/06/2016 | 29/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 19/06/2015 | 31/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 20/06/2014 | 30/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 21/06/2013 | 01/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 15/06/2012 | 03/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 17/06/2011 | 24/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 18/06/2010 | 25/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 19/06/2009 | 21/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 20/06/2008 | 27/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 15/06/2007 | 03/07/2007 | Dutch | |
| Abridged model | 31/12/2005 | 16/06/2006 | 21/06/2006 | Dutch | |
| Abridged model | 31/12/2004 | 17/06/2005 | 05/08/2005 | Dutch | |
| Abridged model | 31/12/2003 | 18/06/2004 | 29/06/2004 | Dutch | |
| Abridged model | 31/12/2002 | 20/06/2003 | 15/07/2003 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 1 active · 4 ended
Active mandates
David Van Nieuwenhove
ActiveEnded mandates
André Wouters
EndedAndré Wouters
EndedAndré Wouters
EndedDavid Van Nieuwenhove
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-24,6 k €↓
- 2024Annual accounts 202441,7 k €↓
- 2023Annual accounts 202367,4 k €↑
- 2022Annual accounts 202227,7 k €↓
- 2021Annual accounts 202130,7 k €↑
- 2020Annual accounts 20202 k €↓
- 2019Annual accounts 201922,9 k €↑
- 2018Annual accounts 201817,3 k €↑
- 2017Annual accounts 201748,1 €↑
- 2016Annual accounts 2016-4,3 k €↓
- 2015Annual accounts 201571 €↓
- 2014Annual accounts 201413,6 k €↓
- 2013Annual accounts 201391,7 k €↑
- 2012Annual accounts 201225,8 k €↑
- 2011Annual accounts 201114,3 k €↑
- 2010Annual accounts 2010-9,7 k €↓
- 2009Annual accounts 200922,8 k €↑
- 2008Annual accounts 200814,7 k €↑
- 2007Annual accounts 200711,3 k €↓
- 2006Annual accounts 200619,6 k €