ACTIVE

HERK&RED

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Financial year 2024 · closed on 31/12/2024

Net result

786,6 k €

-22.4% YoY

Revenue

1,6 M €

+6.4% YoY

Equity

22,7 M €

-0.1% YoY

What does HERK&RED do?

HERK&RED is a Public limited company incorporated in 1987. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.874.079

Incorporation

16/12/1987

Legal form

Public limited company

Registered office

Herkenrodesingel 4B
3500 Hasselt · FlandreSee on map

Contributed capital

2 096 732,20 €

Latest accounts

31/12/2024

Joint committees (3)

10602
124
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,6 M €	+6.4%	1,5 M €	+24.6%	1,2 M €	+2.1%	1,2 M €	-9.2%	1,3 M €	-32.2%	1,9 M €	+240%	569,5 k €	+37.0%	415,6 k €	-12.9%	477,2 k €	+1.5%	470,1 k €	+239%	138,8 k €	-9.8%	153,8 k €	-76.9%	667,2 k €	-45.6%	1,2 M €	-46.2%	2,3 M €	-18.6%	2,8 M €	+3.6%	2,7 M €	+30.9%	2,1 M €
EBITDA	1,4 M €	+8.4%	1,3 M €	+23.7%	1 M €	-73.7%	3,9 M €	+242%	1,1 M €	+11.2%	1 M €	+155%	402,6 k €	+9.9%	366,4 k €	-16.6%	439,3 k €	+51.0%	290,9 k €	-21.5%	370,4 k €	+394%	75 k €	+108%	36,1 k €	+123%	-157,4 k €	-288%	83,9 k €	-78.1%	383,9 k €	+329%	89,6 k €	+239%	-64,4 k €
Operating result	473,1 k €	-20.6%	595,6 k €	+58.8%	375,1 k €	-88.4%	3,2 M €	+353%	713,8 k €	+13.7%	627,6 k €	+352%	139 k €	+10.4%	125,9 k €	-34.0%	190,9 k €	+160%	73,5 k €	-52.0%	153,2 k €	+240%	-109,7 k €	+4.8%	-115,2 k €	+63.5%	-315,6 k €	-500%	-52,6 k €	-119%	276,2 k €	+910%	27,3 k €	+120%	-134,9 k €
Net result	786,6 k €	-22.4%	1 M €	+113%	475,1 k €	-85.9%	3,4 M €	+449%	613,6 k €	+92.6%	318,5 k €	+212%	102,1 k €	+10.9%	92,1 k €	-36.4%	144,8 k €	+2787%	5 k €	-93.8%	80,9 k €	+166%	-122 k €	-34.3%	-90,8 k €	+75.0%	-363,9 k €	-288%	-93,8 k €	-135%	270,5 k €	+414%	52,6 k €	+145%	-117,1 k €
Balance sheet
Equity	22,7 M €	-0.1%	22,7 M €	+20.0%	18,9 M €	-5.1%	19,9 M €	+16.8%	17,1 M €	+272%	4,6 M €	+204%	1,5 M €	+7.3%	1,4 M €	+7.0%	1,3 M €	+12.4%	1,2 M €	+0.4%	1,2 M €	+7.5%	1,1 M €	-10.1%	1,2 M €	-7.0%	1,3 M €	-21.9%	1,7 M €	-5.4%	1,8 M €	+18.2%	1,5 M €	+3.7%	1,4 M €
Total assets	29,1 M €	+2.5%	28,4 M €	+10.1%	25,8 M €	-2.2%	26,4 M €	+13.3%	23,3 M €	+111%	11 M €	+159%	4,3 M €	+50.5%	2,8 M €	+32.3%	2,1 M €	-14.3%	2,5 M €	+9.0%	2,3 M €	-9.2%	2,5 M €	+28.8%	2 M €	-6.6%	2,1 M €	-25.2%	2,8 M €	-9.4%	3,1 M €	+51.8%	2 M €	+4.2%	2 M €
Cash	1,9 M €	+129%	840,1 k €	-78.1%	3,8 M €	+88.2%	2 M €	+72.4%	1,2 M €	+136%	500,8 k €	+621%	69,4 k €	-32.2%	102,4 k €	+94.0%	52,8 k €	-68.0%	164,8 k €	+279%	43,5 k €	-54.4%	95,5 k €	+51.5%	63 k €	-19.4%	78,2 k €	-21.0%	99,1 k €	+93.3%	51,2 k €	+122%	23,1 k €	-91.0%	255,6 k €
Debts	5,7 M €	+14.7%	5 M €	-18.7%	6,1 M €	+7.7%	5,7 M €	-8.1%	6,2 M €	-3.8%	6,5 M €	+135%	2,7 M €	+92.0%	1,4 M €	+77.1%	808,4 k €	-39.2%	1,3 M €	+17.5%	1,1 M €	-21.6%	1,4 M €	+90.3%	758,8 k €	-6.0%	806,9 k €	-29.8%	1,1 M €	-14.8%	1,3 M €	+141%	560,8 k €	+5.6%	531,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		5,3 ETP	-55.5%	11,9 ETP	-22.2%	15,3 ETP	+1.3%	15,1 ETP	-19.3%	18,7 ETP	-15.0%	22,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 5 active · 37 ended

Active mandates

Juunooh

Director · since 11 juillet 2024 · until 31 mai 2030 · 1002.554.188

Represented by Rob Houben

Active

TDEVELOPMENT

Director · since 11 juillet 2024 · until 31 mai 2030 · 0774.835.802

Represented by Thibaud Demot

Active

Philip Demot

Director · since 26 mai 2021 · until 28 mai 2027

Active

CYGA

Director · since 27 mai 2020 · until 29 mai 2026 · 0842.191.117

Represented by Michel Demot

Active

SARKRI

Director · since 27 mai 2020 · until 29 mai 2026 · 0476.540.016

Represented by Kristof Houben

Active

Ended mandates

Juunooh

Director · since 31 mai 2024 · until 31 mai 2030 · 1002.554.188

Represented by Rob Houben

Ended

TDEVELOPMENT

Director · since 31 mai 2024 · until 31 mai 2030 · 0774.835.802

Represented by Thibaud Demot

Ended

Danielle Demot

Director · since 26 mai 2021 · until 31 mai 2024

Ended

Danielle Demot

Director · since 26 mai 2021 · until 26 mai 2027

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/06/2025	11/07/2024	07/07/2023	13/06/2022	15/06/2021	18/06/2020
General meeting	30/05/2025	11/07/2024	30/06/2023	25/05/2022	26/05/2021	27/05/2020
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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Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	30/05/2025	05/06/2025	Dutch	PDF
Full model	31/12/2023	11/07/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	07/07/2023	Dutch	PDF
Full model	31/12/2021	25/05/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	26/05/2021	15/06/2021	Dutch	PDF
Full model	31/12/2019	27/05/2020	18/06/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	19/06/2019	Dutch	PDF
Full model	31/12/2017	30/05/2018	26/06/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	26/06/2017	Dutch	PDF
Full model	31/12/2015	25/05/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	27/05/2015	19/06/2015	Dutch	PDF
Full model	31/12/2013	28/05/2014	06/06/2014	Dutch	PDF
Full model	31/12/2012	29/05/2013	20/06/2013	Dutch	PDF
Full model	31/12/2011	30/05/2012	19/06/2012	Dutch	PDF
Full model	31/12/2010	25/05/2011	15/06/2011	Dutch	PDF
Full model	31/12/2009	28/05/2010	07/06/2010	Dutch	PDF
Full model	31/12/2008	29/05/2009	12/06/2009	Dutch	PDF
Full model	31/12/2007	30/05/2008	20/06/2008	Dutch	PDF
Full model	31/12/2006	25/05/2007	22/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2024 · 5 active · 37 ended

Active mandates

Juunooh

Director · since 11 juillet 2024 · until 31 mai 2030 · 1002.554.188

Represented by Rob Houben

Active

TDEVELOPMENT

Director · since 11 juillet 2024 · until 31 mai 2030 · 0774.835.802

Represented by Thibaud Demot

Active

Philip Demot

Director · since 26 mai 2021 · until 28 mai 2027

Active

CYGA

Director · since 27 mai 2020 · until 29 mai 2026 · 0842.191.117

Represented by Michel Demot

Active

SARKRI

Director · since 27 mai 2020 · until 29 mai 2026 · 0476.540.016

Represented by Kristof Houben

Active

Ended mandates

Juunooh

Director · since 31 mai 2024 · until 31 mai 2030 · 1002.554.188

Represented by Rob Houben

Ended

TDEVELOPMENT

Director · since 31 mai 2024 · until 31 mai 2030 · 0774.835.802

Represented by Thibaud Demot

Ended

Danielle Demot

Director · since 26 mai 2021 · until 31 mai 2024

Ended

Danielle Demot

Director · since 26 mai 2021 · until 26 mai 2027

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/09/2026
Herbenoeming bestuurder
PDF
Mandates29/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other13/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2020
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

2024
Annual accounts 2024786,6 k €↓
2023
Annual accounts 20231 M €↑
2022
Annual accounts 2022475,1 k €↓
2021
Annual accounts 20213,4 M €↑
2020
Annual accounts 2020613,6 k €↑
2019
Annual accounts 2019318,5 k €↑
2019
Name changeHerk & Red
2017
Annual accounts 2017102,1 k €↑
2016
Annual accounts 201692,1 k €↓
2015
Annual accounts 2015144,8 k €↑
2014
Annual accounts 20145 k €↓
2013
Annual accounts 201380,9 k €↑
2012
Annual accounts 2012-122 k €↓
2011
Annual accounts 2011-90,8 k €↑
2010
Annual accounts 2010-363,9 k €↓
2009
Annual accounts 2009-93,8 k €↓
2008
Annual accounts 2008270,5 k €↑
2007
Annual accounts 200752,6 k €↑
2006
Annual accounts 2006-117,1 k €
2006
Name changeDECONSTRUCT
16/12/1987
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

HERK&RED

Overview

What does HERK&RED do?

Trend over 18 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