ACTIVE

HERGOCO

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Financial year 2025 · closed on 31/12/2025

Net result

-26,2 k €

+15.9% YoY

Gross margin

130,2 k €

-6.2% YoY

Equity

488 k €

-5.1% YoY

What does HERGOCO do?

HERGOCO is a Public limited company incorporated in 1990. Its registered office is in Essen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.604.772

Incorporation

02/08/1990

Legal form

Public limited company

Registered office

Epicealaan 25
2910 Essen · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	130,2 k €	-6.2%	138,8 k €	-10.6%	155,3 k €	+12.8%	137,7 k €	+3.7%	132,7 k €	+14.5%	115,9 k €	-22.9%	150,4 k €		–		–		–		–		–		119,2 k €	-0.6%	119,9 k €	-16.5%	143,7 k €	-5.6%	152,2 k €	+18.2%	128,8 k €	+17.6%	109,5 k €
EBITDA	107,1 k €	-7.7%	116 k €	-12.8%	133 k €	+14.2%	116,4 k €	+5.5%	110,4 k €	+15.0%	96 k €	-26.5%	130,6 k €	+11.3%	117,4 k €	+12.6%	104,2 k €	+9.8%	95 k €	-11.1%	106,8 k €	-9.1%	117,5 k €	+14.1%	103 k €	-1.3%	104,3 k €	-16.1%	124,4 k €	-11.5%	140,5 k €	+12.3%	125,2 k €	+18.5%	105,6 k €
Operating result	-2,2 k €	-3969%	-54,6 €	-100%	36,8 k €	+41.1%	26,1 k €	+22.0%	21,4 k €	+378%	4,5 k €	-88.6%	39,1 k €	+22.8%	31,9 k €	-25.9%	43 k €	+24.7%	34,5 k €	-41.2%	58,7 k €	+74.5%	33,6 k €	+110%	16 k €	+17.8%	13,6 k €	-47.2%	25,8 k €	+72.8%	14,9 k €	+3789%	-405 €	+98.8%	-34,9 k €
Net result	-26,2 k €	+15.9%	-31,2 k €	-398%	10,5 k €	-7.8%	11,4 k €	+16.1%	9,8 k €	+223%	3 k €	-87.6%	24,4 k €	+28.0%	19,1 k €	-48.8%	37,3 k €	+15.9%	32,2 k €	-35.7%	50,1 k €	+87.2%	26,8 k €	+53.6%	17,4 k €	+2914%	578,2 €	-99.1%	61 k €	-13.7%	70,7 k €	+63.9%	43,1 k €	+18045%	237,6 €
Balance sheet
Equity	488 k €	-5.1%	514,3 k €	-5.7%	545,4 k €	+2.0%	535 k €	+2.2%	523,6 k €	+1.9%	513,8 k €	+0.6%	510,8 k €	+0.6%	507,8 k €	+3.9%	488,7 k €	+8.3%	451,3 k €	+7.7%	419,1 k €	+13.6%	369 k €	+7.8%	342,2 k €	+5.4%	324,8 k €	+0.2%	324,2 k €	-80.8%	1,7 M €	+4.4%	1,6 M €	+2.7%	1,6 M €
Total assets	1 M €	-4.7%	1,1 M €	-8.5%	1,2 M €	-3.4%	1,2 M €	+14.9%	1 M €	-17.0%	1,3 M €	-4.1%	1,3 M €	+1.2%	1,3 M €	+14.6%	1,1 M €	+3.0%	1,1 M €	+5.8%	1 M €	+8.8%	949,9 k €	+1.3%	938,1 k €	-0.5%	943 k €	+0.9%	934,6 k €	-56.7%	2,2 M €	+2.7%	2,1 M €	+1.5%	2,1 M €
Cash	10,5 k €	-69.4%	34,5 k €	+43.4%	24 k €	-44.3%	43,2 k €	+234%	12,9 k €	+178%	4,7 k €	-39.0%	7,6 k €	+90.5%	4 k €	-70.1%	13,4 k €	+12.5%	11,9 k €	+204%	3,9 k €	-77.5%	17,4 k €	-24.5%	23,1 k €	-28.8%	32,4 k €	+1.6%	31,9 k €	+3.6%	30,8 k €	+120%	14 k €	-50.6%	28,3 k €
Debts	517,4 k €	-4.3%	540,9 k €	-11.1%	608,3 k €	-7.8%	659,8 k €	+28.2%	514,9 k €	-30.2%	738,1 k €	-7.1%	794,3 k €	+1.7%	781,1 k €	+22.6%	636,9 k €	-0.7%	641,6 k €	+4.5%	614,1 k €	+5.7%	580,9 k €	-2.3%	594,6 k €	-3.5%	616,2 k €	+1.0%	610,1 k €	+31.5%	463,9 k €	-3.5%	480,6 k €	-2.3%	491,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Rudi VERHEYDEN

Managing director

Active

SPINTA

Managing director · until 30 juin 2025 · 0807.700.291

Represented by Frank Verheyden

Active

Ended mandates

SPINTA

Managing director · since 08 juin 2023 · until 27 juin 2025 · 0807.700.291

Represented by Frank Verheyden

Ended

SPINTA

Managing director · since 08 juin 2023 · 0807.700.291

Represented by Frank Verheyden

Ended

Rudi VERHEYDEN

Managing director · since 28 juin 2019 · until 27 juin 2025

Ended

Frank VERHEYDEN

Managing director · since 04 juillet 2017

Ended

At this address

Other companies at this address

Company	CBE no.
BLACK SWAN SOLAR I● Active	0817.994.070
Ecupower● Active	0835.498.117
ENERGY CENTRE COSMONERA● Active	0426.269.666
INSTALLATIEBEDRIJF VERHEYDEN● Active	0893.272.505
NATURAL POWER SYSTEMS● Active	0819.614.663
SANITAIRE TECHNIEKEN VERHEYDEN● Active	0873.504.497
SPINPOWER● Active	0836.855.622
VERHEYDEN TECHNICS● Active	0863.502.809

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro 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	27/08/2026	24/07/2025	29/08/2024	28/08/2023	31/08/2022	29/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	23/06/2023	24/06/2022	30/06/2021
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

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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	26/06/2026	27/08/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	29/08/2024	Dutch	PDF
Micro model	31/12/2022	23/06/2023	28/08/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2019	04/09/2020	02/10/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	14/08/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	30/03/2017	Dutch	PDF
Full model	31/12/2014	26/06/2015	01/09/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	16/09/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	12/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	17/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	25/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 11 ended

Active mandates

Rudi VERHEYDEN

Managing director

Active

SPINTA

Managing director · until 30 juin 2025 · 0807.700.291

Represented by Frank Verheyden

Active

Ended mandates

SPINTA

Managing director · since 08 juin 2023 · until 27 juin 2025 · 0807.700.291

Represented by Frank Verheyden

Ended

SPINTA

Managing director · since 08 juin 2023 · 0807.700.291

Represented by Frank Verheyden

Ended

Rudi VERHEYDEN

Managing director · since 28 juin 2019 · until 27 juin 2025

Ended

Frank VERHEYDEN

Managing director · since 04 juillet 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/04/2011
KAPITAAL - AANDELEN
PDF
Mandates11/09/2007
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/12/2005
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - 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 2025-26,2 k €↑
2024
Annual accounts 2024-31,2 k €↓
2023
Annual accounts 202310,5 k €↓
2022
Annual accounts 202211,4 k €↑
2021
Annual accounts 20219,8 k €↑
2020
Annual accounts 20203 k €↓
2019
Annual accounts 201924,4 k €↑
2018
Annual accounts 201819,1 k €↓
2017
Annual accounts 201737,3 k €↑
2016
Annual accounts 201632,2 k €↓
2015
Annual accounts 201550,1 k €↑
2014
Annual accounts 201426,8 k €↑
2013
Annual accounts 201317,4 k €↑
2012
Annual accounts 2012578,2 €↓
2011
Annual accounts 201161 k €↓
2010
Annual accounts 201070,7 k €↑
2009
Annual accounts 200943,1 k €↑
2008
Annual accounts 2008237,6 €
02/08/1990
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

HERGOCO

Overview

What does HERGOCO 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