ACTIVE

HERA

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Financial year 2025 · closed on 31/12/2025

Net result

-122,5 k €

-75.5% YoY

Gross margin

477 k €

+18.5% YoY

Equity

320,4 k €

-27.1% YoY

Workforce

5,5 ETP

+3.8% YoY

What does HERA do?

HERA is a Cooperative society incorporated in 1990. Its registered office is in Mechelen. It employs on average 5,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.391.273

Incorporation

27/08/1990

Legal form

Cooperative society

Registered office

Kardinaal Mercierplein 2
2800 Mechelen · FlandreSee on map

Contributed capital

75 411,75 €

Latest accounts

31/12/2025

Average workforce

5,5 ETP

Joint committees (2)

Contacts

3 public details availableLog in to view

Signals

Healthy social debts

View the BCE/KBO Public Search record →

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	477 k €	+18.5%	402,5 k €	-20.0%	502,9 k €	-4.6%	526,9 k €	+0.8%	522,6 k €	+9.0%	479,6 k €	-11.0%	539,1 k €	+9.5%	492,2 k €	-24.4%	651,3 k €	+15.5%	564,1 k €	+36.9%	412,2 k €	+1.1%	407,7 k €	+11.3%	366,3 k €	+9.7%	333,8 k €	+5.6%	316 k €	+1.0%	312,9 k €	-0.3%	314 k €	+22.2%	256,9 k €	+25.8%	204,3 k €	+0.4%	203,4 k €
EBITDA	-24,7 k €	+47.7%	-47,2 k €	-153%	88,8 k €	-53.7%	192 k €	+69.8%	113,1 k €	+23.5%	91,6 k €	-36.0%	143,1 k €	+307%	-69 k €	-168%	102 k €	-28.2%	142,1 k €	+241%	41,7 k €	-30.0%	59,5 k €	-17.2%	71,9 k €	+36.4%	52,7 k €	-9.9%	58,5 k €	-37.2%	93,1 k €	-6.9%	100 k €	+3.6%	96,5 k €	+18.1%	81,7 k €	-3.8%	84,9 k €
Operating result	-43,5 k €	+28.5%	-60,9 k €	-187%	69,6 k €	-60.4%	176 k €	+89.0%	93,1 k €	+52.2%	61,2 k €	-41.8%	105,1 k €	+201%	-103,9 k €	-231%	79,3 k €	-38.2%	128,4 k €	+307%	31,5 k €	-13.2%	36,3 k €	-15.0%	42,7 k €	+76.3%	24,2 k €	-50.1%	48,5 k €	-46.0%	89,8 k €	-3.1%	92,6 k €	+8.2%	85,6 k €	+20.8%	70,8 k €	-7.7%	76,8 k €
Net result	-122,5 k €	-75.5%	-69,8 k €	-254%	45,2 k €	-63.2%	122,9 k €	+93.6%	63,5 k €	+98.7%	31,9 k €	-68.6%	101,7 k €	+168%	-150,5 k €	-805%	21,4 k €	-54.2%	46,6 k €	+17.4%	39,7 k €	+69.5%	23,4 k €	+129%	10,2 k €	-37.6%	16,4 k €	-72.5%	59,6 k €	-7.3%	64,3 k €	+21.9%	52,7 k €	+10.0%	48 k €	+16.8%	41,1 k €	+8.5%	37,9 k €
Balance sheet
Equity	320,4 k €	-27.1%	439,5 k €	-15.4%	519,6 k €	-4.1%	541,7 k €	+16.1%	466,7 k €	+1.0%	462,1 k €	+6.0%	435,9 k €	+30.4%	334,2 k €	-32.0%	491,7 k €	-2.9%	506,6 k €	+3.2%	491,1 k €	+8.2%	453,9 k €	+5.3%	431 k €	+2.9%	419,1 k €	+1.5%	412,7 k €	+13.7%	362,9 k €	+17.1%	309,8 k €	+16.6%	265,7 k €	+18.1%	224,9 k €	+21.5%	185,1 k €
Total assets	1,9 M €	-8.1%	2,1 M €	-12.2%	2,4 M €	+6.9%	2,2 M €	+16.8%	1,9 M €	+21.4%	1,6 M €	+1.9%	1,6 M €	+2.7%	1,5 M €	-30.4%	2,2 M €	-15.9%	2,6 M €	+14.3%	2,3 M €	+22.6%	1,8 M €	+59.0%	1,2 M €	+3.9%	1,1 M €	+5.0%	1,1 M €	-13.0%	1,2 M €	+9.8%	1,1 M €	+8.8%	1 M €	+11.5%	918,4 k €	+25.5%	731,6 k €
Cash	765,5 k €	-4.7%	803,5 k €	+5.8%	759,1 k €	-33.1%	1,1 M €	-5.0%	1,2 M €	+257%	334 k €		–		–		485 k €	-58.9%	1,2 M €	+47.3%	801,2 k €	+55.9%	513,8 k €	+2.8%	499,7 k €	+579%	73,6 k €	-63.7%	202,9 k €	-61.5%	527,5 k €	+178%	189,5 k €	+1.5%	186,7 k €	+78.8%	104,4 k €	-66.6%	312,8 k €
Debts	1,6 M €	-3.1%	1,7 M €	-11.4%	1,9 M €	+10.4%	1,7 M €	+17.1%	1,4 M €	+29.8%	1,1 M €	+0.3%	1,1 M €	-5.1%	1,2 M €	-30.0%	1,7 M €	-19.1%	2,1 M €	+17.4%	1,8 M €	+27.7%	1,4 M €	+91.5%	721,8 k €	+4.5%	691 k €	+7.6%	642,2 k €	-24.6%	851,7 k €	+7.4%	793,1 k €	+6.1%	747,3 k €	+7.8%	693,5 k €	+27.0%	546,2 k €
Other
Workforce	5,5 ETP	+3.8%	5,3 ETP	+1.9%	5,2 ETP	0.0%	5,2 ETP	-24.6%	6,9 ETP	-1.4%	7,0 ETP	+1.4%	6,9 ETP	+1.5%	6,8 ETP	-20.0%	8,5 ETP	+41.7%	6,0 ETP	-4.8%	6,3 ETP	+8.6%	5,8 ETP	+28.9%	4,5 ETP	+7.1%	4,2 ETP	+5.0%	4,0 ETP	+8.1%	3,7 ETP	+5.7%	3,5 ETP	+34.6%	2,6 ETP	+44.4%	1,8 ETP	0.0%	1,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 16 ended

Active mandates

MICHELE KOSREMELLI ASMAR

Director · since 20 mars 2025

Active

BARBARA CARASSO

Director

Active

CORNELIA TRAAS

Director · until 20 mars 2025

Active

JILLE LEEN

Managing director · until 30 mai 2025

Active

JUSTINE JENSEN

Director

Active

LEO DEVILLÉ

Director

Active

MARIEKE DEVILLÉ

Managing director

Active

TRAVOR MABUGU

Director

Active

Ended mandates

JUSTINE JENSEN

Director · since 26 mars 2024

Ended

BARBARA CARASSO

Chairman of the board of directors · since 30 mars 2023

Ended

TRAVOR MABUGU

Director · since 30 mars 2023

Ended

CORNELIA TRAAS

Director · since 04 novembre 2021

Ended

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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	01/01/2025	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	30/06/2026	20/05/2025	11/07/2024	06/06/2023	04/05/2022	31/08/2021
General meeting	17/04/2026	18/04/2025	19/04/2024	21/04/2023	15/04/2022	31/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/04/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	18/04/2025	20/05/2025	Dutch	PDF
Abridged model	31/12/2023	19/04/2024	11/07/2024	Dutch	PDF
Abridged model	31/12/2022	21/04/2023	06/06/2023	Dutch	PDF
Abridged model	31/12/2021	15/04/2022	04/05/2022	Dutch	PDF
Abridged model	31/12/2020	31/03/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	24/04/2020	30/10/2020	Dutch	PDF
Abridged model	31/12/2018	19/04/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	22/03/2018	25/07/2018	Dutch	PDF
Abridged model	31/12/2016	21/04/2017	10/05/2017	Dutch	PDF
Abridged model	31/12/2015	29/04/2016	18/05/2016	Dutch	PDF
Abridged model	31/12/2014	31/03/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/03/2014	25/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/03/2013	06/08/2013	Dutch	PDF
Abridged model	31/12/2011	31/03/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	31/03/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	21/04/2010	08/06/2010	Dutch	PDF
Abridged model	31/12/2008	31/03/2009	26/05/2009	Dutch	PDF
Abridged model	31/12/2007	31/03/2008	09/05/2008	Dutch	PDF
Abridged model	31/12/2006	31/03/2007	24/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 8 active · 16 ended

Active mandates

MICHELE KOSREMELLI ASMAR

Director · since 20 mars 2025

Active

BARBARA CARASSO

Director

Active

CORNELIA TRAAS

Director · until 20 mars 2025

Active

JILLE LEEN

Managing director · until 30 mai 2025

Active

JUSTINE JENSEN

Director

Active

LEO DEVILLÉ

Director

Active

MARIEKE DEVILLÉ

Managing director

Active

TRAVOR MABUGU

Director

Active

Ended mandates

JUSTINE JENSEN

Director · since 26 mars 2024

Ended

BARBARA CARASSO

Chairman of the board of directors · since 30 mars 2023

Ended

TRAVOR MABUGU

Director · since 30 mars 2023

Ended

CORNELIA TRAAS

Director · since 04 novembre 2021

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/08/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/11/2022
MAATSCHAPPELIJKE ZETEL
PDF
Other06/04/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ALGEMENE VERGADERING
PDF
Mandates17/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/06/2017
BENAMING - DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares09/03/2004
KAPITAAL - AANDELEN
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 2025-122,5 k €↓
2024
Annual accounts 2024-69,8 k €↓
2023
Annual accounts 202345,2 k €↓
2022
Annual accounts 2022122,9 k €↑
2021
Annual accounts 202163,5 k €↑
2020
Annual accounts 202031,9 k €↓
2019
Annual accounts 2019101,7 k €↑
2018
Annual accounts 2018-150,5 k €↓
2017
Annual accounts 201721,4 k €↓
2016
Annual accounts 201646,6 k €↑
2016
Name changeHERA
2015
Annual accounts 201539,7 k €↑
2014
Annual accounts 201423,4 k €↑
2013
Annual accounts 201310,2 k €↓
2012
Annual accounts 201216,4 k €↓
2011
Annual accounts 201159,6 k €↓
2010
Annual accounts 201064,3 k €↑
2009
Annual accounts 200952,7 k €↑
2008
Annual accounts 200848 k €↑
2007
Annual accounts 200741,1 k €↑
2006
Annual accounts 200637,9 k €
2006
Name changeHealth Research for Action
27/08/1990
IncorporationCooperative society

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

HERA

Overview

What does HERA 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