ACTIVE

HEREN

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Financial year 2025 · closed on 31/12/2025

Net result

3,8 k €

-60.1% YoY

Gross margin

47,3 k €

-17.0% YoY

Equity

86,6 k €

+4.6% YoY

What does HEREN do?

HEREN is a Public limited company incorporated in 1991. Its main activity is: Construction of buildings. Its registered office is in Puurs-Sint-Amands.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.300.382

Incorporation

30/05/1991

Legal form

Public limited company

Registered office

Hoogheide 75
2870 Puurs-Sint-Amands · FlandreSee on map

Contributed capital

61 546,76 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 55100Hotels and similar accommodation 55100Hotels and similar accommodation 55101Hotels and similar accommodation

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		2010		2009		2008		2007
Income statement
Gross margin	47,3 k €	-17.0%	57 k €	+3.8%	54,9 k €	-4.2%	57,3 k €	+17.8%	48,6 k €	-33.1%	72,7 k €	-27.9%	100,9 k €	-48.0%	193,9 k €	+74.6%	111,1 k €	+358%	24,3 k €	+451%	4,4 k €	-91.0%	48,8 k €	-37.2%	77,8 k €	-25.2%	104 k €	+3333%	3 k €	+1831%	156,9 €	-97.3%	5,8 k €	+1107%	-580,2 €	+80.0%	-2,9 k €
EBITDA	5,3 k €	-60.0%	13,3 k €	-9.9%	14,8 k €	-29.4%	20,9 k €	+45.3%	14,4 k €	-58.4%	34,6 k €	-40.9%	58,5 k €	-61.7%	152,6 k €	+105%	74,4 k €	+211%	23,9 k €	+520%	3,9 k €	-92.0%	48,5 k €	-37.3%	77,4 k €	-25.3%	103,5 k €	+3894%	2,6 k €	+535%	-595,5 €	-112%	5,1 k €	+525%	-1,2 k €	+65.2%	-3,4 k €
Operating result	5,3 k €	-60.0%	13,3 k €	-9.9%	14,8 k €	-29.4%	20,9 k €	+45.3%	14,4 k €	-58.4%	34,6 k €	-40.9%	58,5 k €	-61.7%	152,6 k €	+107%	73,9 k €	+217%	23,3 k €	+611%	3,3 k €	-93.1%	47,9 k €	-37.6%	76,8 k €	-25.8%	103,5 k €	+3894%	2,6 k €	+535%	-595,5 €	-112%	5,1 k €	+525%	-1,2 k €	+65.2%	-3,4 k €
Net result	3,8 k €	-60.1%	9,6 k €	-4.9%	10,1 k €	-33.9%	15,3 k €	+50.3%	10,2 k €	-68.1%	31,9 k €	-44.6%	57,6 k €	-62.0%	151,6 k €	+109%	72,4 k €	+246%	20,9 k €	+1228%	1,6 k €	-96.4%	43,3 k €	-35.8%	67,4 k €	-3.0%	69,5 k €	+324%	-31 k €	-3.4%	-30 k €	-48.3%	-20,2 k €	-1591%	-1,2 k €	+65.2%	-3,4 k €
Balance sheet
Equity	86,6 k €	+4.6%	82,8 k €	+13.2%	73,1 k €	+16.1%	63 k €	+32.1%	47,7 k €	+27.1%	37,5 k €	-44.8%	68 k €	+549%	10,5 k €	+107%	-141,1 k €	+33.9%	-213,5 k €	+8.9%	-234,4 k €	+0.7%	-236 k €	+15.5%	-279,2 k €	+19.4%	-346,6 k €	+16.7%	-416,1 k €	-8.1%	-385,1 k €	-8.5%	-355,1 k €	-6.0%	-334,8 k €	-0.4%	-333,6 k €
Total assets	99,2 k €	-5.6%	105,2 k €	+20.1%	87,6 k €	+3.7%	84,5 k €	+51.2%	55,9 k €	+21.7%	45,9 k €	-37.1%	73 k €	-54.7%	161,2 k €	+7.0%	150,6 k €	+165%	56,8 k €	+51.5%	37,4 k €	+358%	8,2 k €	-89.2%	75,7 k €	+83.9%	41,1 k €	+264%	11,3 k €	+110%	5,4 k €	-55.9%	12,2 k €	+105%	6 k €	+0.0%	6 k €
Cash	13,7 k €	-41.5%	23,4 k €	-40.6%	39,4 k €	+25.2%	31,5 k €	+41.2%	22,3 k €	-26.5%	30,3 k €	+69.1%	17,9 k €	-20.7%	22,6 k €	-27.8%	31,3 k €	+767%	3,6 k €	-78.1%	16,5 k €	+171%	6,1 k €	-88.8%	54,4 k €	+231%	16,4 k €	+3090%	514,8 €	-26.2%	697,8 €		–		–		–
Debts	7,6 k €	-40.8%	12,9 k €	+44.7%	8,9 k €	-22.1%	11,5 k €	+40.4%	8,2 k €	-2.6%	8,4 k €	+68.7%	5 k €	-96.7%	150,7 k €	-48.3%	291,7 k €	+7.9%	270,2 k €	-0.6%	271,8 k €	+11.3%	244,1 k €	-31.2%	354,9 k €	-4.8%	372,8 k €	-9.6%	412,4 k €	+9.4%	377 k €	+6.6%	353,8 k €	+8.1%	327,4 k €	+0.2%	326,7 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 · 1 active · 35 ended

Active mandates

Jan ANNAERT

Director

Active

Ended mandates

Aleksandr SVECOV

Director · since 20 octobre 2018

Ended

Viktor KAPUSTA

Director · since 01 juillet 2018

Ended

Przemyslaw Mateusz BOROWIK

Director · since 02 octobre 2017

Ended

Erwin VERHASSELT

Managing director · since 01 juin 2017

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro 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	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	12/08/2026	31/08/2025	31/07/2024	28/10/2023	31/08/2022	31/07/2021
General meeting	10/06/2026	27/05/2025	27/05/2024	26/05/2023	27/05/2022	27/05/2021
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
Micro model	31/12/2025	10/06/2026	12/08/2026	Dutch	PDF
Micro model	31/12/2024	27/05/2025	31/08/2025	Dutch	PDF
Micro model	31/12/2023	27/05/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	28/10/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	27/05/2021	31/07/2021	Dutch	PDF
Micro model	31/12/2019	27/05/2020	31/07/2020	Dutch	PDF
Micro model	31/12/2018	27/05/2019	31/07/2019	Dutch	PDF
Micro model	31/12/2017	14/06/2018	31/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	30/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	10/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	24/07/2014	Dutch	PDF
Abridged model	31/12/2012	26/06/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	13/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	30/11/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	15/09/2009	Dutch	PDF
Abridged model	31/12/2007	18/11/2008	20/11/2008	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 · 1 active · 35 ended

Active mandates

Jan ANNAERT

Director

Active

Ended mandates

Aleksandr SVECOV

Director · since 20 octobre 2018

Ended

Viktor KAPUSTA

Director · since 01 juillet 2018

Ended

Przemyslaw Mateusz BOROWIK

Director · since 02 octobre 2017

Ended

Erwin VERHASSELT

Managing director · since 01 juin 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/03/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/03/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/02/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates16/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/03/2017
MAATSCHAPPELIJKE ZETEL
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 20253,8 k €↓
2024
Annual accounts 20249,6 k €↓
2023
Annual accounts 202310,1 k €↓
2022
Annual accounts 202215,3 k €↑
2021
Annual accounts 202110,2 k €↓
2020
Annual accounts 202031,9 k €↓
2019
Annual accounts 201957,6 k €↓
2018
Annual accounts 2018151,6 k €↑
2017
Annual accounts 201772,4 k €↑
2016
Annual accounts 201620,9 k €↑
2015
Annual accounts 20151,6 k €↓
2014
Annual accounts 201443,3 k €↓
2013
Annual accounts 201367,4 k €↓
2012
Annual accounts 201269,5 k €↑
2011
Annual accounts 2011-31 k €↓
2010
Annual accounts 2010-30 k €↓
2009
Annual accounts 2009-20,2 k €↓
2008
Annual accounts 2008-1,2 k €↑
2007
Annual accounts 2007-3,4 k €
30/05/1991
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

HEREN

Overview

What does HEREN do?

Trend over 19 financial years

Indicative valuation

Board of directors

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