ACTIVE

HERCABO

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Financial year 2025 · closed on 30/09/2025

Net result

1,7 M €

+9.2% YoY

Gross margin

416,2 k €

+63.2% YoY

Equity

19,3 M €

+8.8% YoY

Workforce

1,0 ETP

What does HERCABO do?

HERCABO is a Public limited company incorporated in 1990. Its registered office is in Herentals. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.641.603

Incorporation

18/04/1990

Legal form

Public limited company

Registered office

Oirlandse Dreef (HRT) 5
2200 Herentals · FlandreSee on map

Contributed capital

7 265 170,00 €

Latest accounts

30/09/2025

Average workforce

1,0 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	416,2 k €	+63.2%	255,1 k €	-46.0%	472,5 k €	+74.1%	271,4 k €	+34.2%	202,2 k €	+9.7%	184,4 k €	-6.0%	196,1 k €	-1.0%	198 k €	+65.6%	119,6 k €	+19.0%	100,4 k €	-11.3%	113,3 k €	-9.9%	125,7 k €	-84.3%	801,7 k €	+492%	135,4 k €	-33.7%	204,1 k €	+115%	95 k €	+20.0%	79,1 k €	-21.3%	100,6 k €	+88.3%	53,4 k €
EBITDA	291,9 k €	+23.0%	237,2 k €	-48.0%	455,8 k €	+77.5%	256,8 k €	+34.7%	190,7 k €	+9.9%	173,5 k €	-6.9%	186,4 k €	-1.8%	189,7 k €	+428%	-57,9 k €	-252%	-16,5 k €	-116%	105,6 k €	-10.5%	118 k €	-84.7%	770,3 k €	+503%	127,7 k €	-4.5%	133,7 k €	+47.0%	91 k €	+19.3%	76,3 k €	+4.6%	72,9 k €	+41.6%	51,5 k €
Operating result	167,1 k €	+48.6%	112,4 k €	-66.7%	337,6 k €	+144%	138,2 k €	+45.5%	95 k €	+15.8%	82 k €	+2.8%	79,8 k €	-25.1%	106,6 k €	+165%	-164,1 k €	-142%	-67,7 k €	-317%	31,2 k €	+16.3%	26,8 k €	-96.3%	728,9 k €	+2168%	32,1 k €	-50.4%	64,8 k €	-3.7%	67,3 k €	+12.2%	60 k €	+18.9%	50,5 k €	+30.3%	38,7 k €
Net result	1,7 M €	+9.2%	1,5 M €	-13.8%	1,8 M €	+43.5%	1,2 M €	-13.5%	1,4 M €	+49.4%	955,5 k €	+29.6%	737,1 k €	+16.9%	630,8 k €	+51.4%	416,6 k €	-31.2%	605,5 k €	-59.0%	1,5 M €	+28193%	5,2 k €	-98.9%	467,2 k €	+13506%	3,4 k €	-85.0%	23 k €	-26.7%	31,3 k €	-9.7%	34,7 k €	+15.0%	30,2 k €	+61.2%	18,7 k €
Balance sheet
Equity	19,3 M €	+8.8%	17,8 M €	+8.7%	16,3 M €	+11.8%	14,6 M €	+8.8%	13,4 M €	+11.4%	12,1 M €	+8.4%	11,1 M €	+6.3%	10,5 M €	+4.1%	10,1 M €	+3.3%	9,7 M €	+5.5%	9,2 M €	+17.9%	7,8 M €	+917%	769,7 k €	+154%	302,5 k €	+1.1%	299,1 k €	+8.3%	276,1 k €	+12.8%	244,8 k €	+9.4%	223,8 k €	+15.6%	193,7 k €
Total assets	22,3 M €	+3.3%	21,6 M €	+2.9%	20,9 M €	+4.4%	20,1 M €	+30.6%	15,4 M €	+9.2%	14,1 M €	+3.2%	13,6 M €	+6.6%	12,8 M €	+14.0%	11,2 M €	+1.3%	11,1 M €	+10.2%	10 M €	+0.1%	10 M €	+313%	2,4 M €	+1.9%	2,4 M €	+85.8%	1,3 M €	+58.9%	808 k €	+6.7%	757 k €	+8.4%	698,2 k €	+23.2%	566,6 k €
Cash	507,4 k €	-48.7%	989,1 k €	-9.2%	1,1 M €	-53.2%	2,3 M €	+1155%	185,4 k €	-85.2%	1,3 M €	+2.6%	1,2 M €	-19.3%	1,5 M €	+669%	197,1 k €	-33.1%	294,6 k €	+206%	96,3 k €	-67.1%	293 k €	+136%	124,4 k €	+64.3%	75,7 k €	-8.1%	82,4 k €	+417%	15,9 k €	-82.3%	89,9 k €	+642%	12,1 k €	-63.5%	33,2 k €
Debts	2,8 M €	-23.6%	3,6 M €	-18.3%	4,4 M €	-16.6%	5,3 M €	+199%	1,8 M €	-4.0%	1,8 M €	-20.0%	2,3 M €	+10.2%	2,1 M €	+125%	931,3 k €	-15.3%	1,1 M €	+101%	548,4 k €	-68.6%	1,7 M €	+22.4%	1,4 M €	-31.5%	2,1 M €	+113%	976,9 k €	+83.7%	531,9 k €	+6.2%	501 k €	+5.6%	474,3 k €	+27.2%	372,9 k €
Other
Workforce	1,0 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 30/09/2025 · 4 active · 11 ended

Active mandates

Jo Van Hoeck

Managing director · since 15 novembre 2023 · until 01 mars 2029

Active

Marnix Van Hoeck

Director · since 15 novembre 2023 · until 01 mars 2029

Active

Michelle Van Hoeck

Director · since 15 novembre 2023 · until 01 mars 2029

Active

Patricia Stoopen

Director · since 15 novembre 2023 · until 01 mars 2029

Active

Ended mandates

Jo Van Hoeck

Managing director · since 02 mars 2020 · until 01 mars 2026

Ended

Patricia Stoopen

Director · since 02 mars 2020 · until 01 mars 2026

Ended

Jo Van Hoeck

Managing director · since 01 mars 2014 · until 01 mars 2020

Ended

Patricia Stoopen

Director · since 01 mars 2014 · until 01 mars 2020

Ended

At this address

Other companies at this address

Company	CBE no.
VH Invest● Active	0406.473.550

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/03/2026	05/03/2025	13/03/2024	10/03/2023	07/03/2022	02/03/2021
General meeting	02/03/2026	01/03/2025	01/03/2024	01/03/2023	01/03/2022	01/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	02/03/2026	06/03/2026	Dutch	PDF
Abridged model	30/09/2024	01/03/2025	05/03/2025	Dutch	PDF
Abridged model	30/09/2023	01/03/2024	13/03/2024	Dutch	PDF
Abridged model	30/09/2022	01/03/2023	10/03/2023	Dutch	PDF
Abridged model	30/09/2021	01/03/2022	07/03/2022	Dutch	PDF
Abridged model	30/09/2020	01/03/2021	02/03/2021	Dutch	PDF
Abridged model	30/09/2019	02/03/2020	04/03/2020	Dutch	PDF
Abridged model	30/09/2018	01/03/2019	12/03/2019	Dutch	PDF
Abridged model	30/09/2017	01/03/2018	06/03/2018	Dutch	PDF
Abridged model	30/09/2016	01/03/2017	22/03/2017	Dutch	PDF
Abridged model	30/09/2015	01/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	02/03/2015	03/03/2015	Dutch	PDF
Abridged model	30/09/2013	01/03/2014	31/03/2014	Dutch	PDF
Abridged model	30/09/2012	01/03/2013	05/03/2013	Dutch	PDF
Abridged model	30/09/2011	01/03/2012	02/03/2012	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	13/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	14/06/2007	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 30/09/2025 · 4 active · 11 ended

Active mandates

Jo Van Hoeck

Managing director · since 15 novembre 2023 · until 01 mars 2029

Active

Marnix Van Hoeck

Director · since 15 novembre 2023 · until 01 mars 2029

Active

Michelle Van Hoeck

Director · since 15 novembre 2023 · until 01 mars 2029

Active

Patricia Stoopen

Director · since 15 novembre 2023 · until 01 mars 2029

Active

Ended mandates

Jo Van Hoeck

Managing director · since 02 mars 2020 · until 01 mars 2026

Ended

Patricia Stoopen

Director · since 02 mars 2020 · until 01 mars 2026

Ended

Jo Van Hoeck

Managing director · since 01 mars 2014 · until 01 mars 2020

Ended

Patricia Stoopen

Director · since 01 mars 2014 · until 01 mars 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other22/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates01/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/08/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/03/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/05/2013
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/05/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/02/2011
KAPITAAL - AANDELEN - BOEKJAAR - 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

2025
Annual accounts 20251,7 M €↑
2024
Annual accounts 20241,5 M €↓
2023
Annual accounts 20231,8 M €↑
2022
Annual accounts 20221,2 M €↓
2021
Annual accounts 20211,4 M €↑
2020
Annual accounts 2020955,5 k €↑
2019
Annual accounts 2019737,1 k €↑
2018
Annual accounts 2018630,8 k €↑
2017
Annual accounts 2017416,6 k €↓
2016
Annual accounts 2016605,5 k €↓
2015
Annual accounts 20151,5 M €↑
2014
Annual accounts 20145,2 k €↓
2013
Annual accounts 2013467,2 k €↑
2012
Annual accounts 20123,4 k €↓
2011
Annual accounts 201123 k €↓
2009
Annual accounts 200931,3 k €↓
2008
Annual accounts 200834,7 k €↑
2007
Annual accounts 200730,2 k €↑
2006
Annual accounts 200618,7 k €
18/04/1990
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

HERCABO

Overview

What does HERCABO do?

Trend over 19 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