ACTIVE

HERTOGS

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Financial year 2025 · closed on 31/12/2025

Net result

86,3 k €

-19.1% YoY

Gross margin

164,1 k €

+10.6% YoY

Equity

246,4 k €

+17.3% YoY

What does HERTOGS do?

HERTOGS is a Private limited company incorporated in 2000. Its main activity is: Legal activities. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0470.113.072

Incorporation

27/01/2000

Legal form

Private limited company

Registered office

Avenue François Englert 4
1180 Uccle · BruxellesSee on map

Latest accounts

31/12/2025

Activities (NACE)

69101Legal activities· main 69101Legal activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2018		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	164,1 k €	+10.6%	148,3 k €	+47.6%	100,5 k €	+146%	40,9 k €	+421%	7,9 k €	-6.1%	8,4 k €	+18.2%	7,1 k €	+148%	2,9 k €	-75.1%	11,5 k €	+1024%	-1,2 k €	-154%	2,3 k €	-60.3%	5,8 k €	-31.4%	8,4 k €	+9.0%	7,7 k €	-48.4%	14,9 k €
EBITDA	162,5 k €	+9.9%	147,9 k €	+48.4%	99,7 k €	+144%	40,8 k €	+506%	6,7 k €	-10.2%	7,5 k €	+20.6%	6,2 k €	+209%	2 k €	-75.4%	8,2 k €	+520%	-2 k €	-224%	1,6 k €	-37.6%	2,5 k €	-66.7%	7,6 k €	+9.7%	6,9 k €	-50.1%	13,9 k €
Operating result	119,7 k €	-13.1%	137,8 k €	+52.5%	90,4 k €	+123%	40,5 k €	+501%	6,7 k €	+53.7%	4,4 k €	-20.1%	5,5 k €	+198%	1,8 k €	-77.6%	8,2 k €	+520%	-2 k €	-233%	1,5 k €	-39.3%	2,4 k €	-64.4%	6,8 k €	+75.4%	3,9 k €	-64.2%	10,8 k €
Net result	86,3 k €	-19.1%	106,7 k €	+48.9%	71,6 k €	+126%	31,7 k €	+13140%	-243 €	+90.0%	-2,4 k €	-74.2%	-1,4 k €	+69.1%	-4,5 k €	-431%	-852,9 €	+85.0%	-5,7 k €	-107%	-2,7 k €	-189%	-948,7 €	-145%	2,1 k €	+113%	989,7 €	-73.2%	3,7 k €
Balance sheet
Equity	246,4 k €	+17.3%	210,2 k €	+101%	104,3 k €	+211%	33,5 k €	+777%	3,8 k €	-45.8%	7,1 k €	-25.7%	9,5 k €	-12.8%	10,9 k €	-29.4%	15,4 k €	-5.2%	16,3 k €	-25.8%	22 k €	-11.1%	24,7 k €	-3.7%	25,6 k €	+9.0%	23,5 k €	+5.6%	22,3 k €
Total assets	608,6 k €	+44.5%	421,3 k €	+268%	114,4 k €	+166%	43,1 k €	+274%	11,5 k €	-6.6%	12,3 k €	-11.4%	13,9 k €	-17.0%	16,8 k €	-17.1%	20,2 k €	-8.8%	22,2 k €	-20.1%	27,8 k €	-3.4%	28,8 k €	-6.0%	30,6 k €	+17.8%	26 k €	-9.8%	28,8 k €
Cash	140,6 k €	-11.7%	159,3 k €	+98.6%	80,2 k €	+189%	27,8 k €	+316%	6,7 k €	+392%	1,4 k €	-72.9%	5 k €	-45.0%	9,1 k €	-36.9%	14,4 k €	+323%	3,4 k €	-63.1%	9,2 k €	+3.9%	8,9 k €	+61.6%	5,5 k €	+22.9%	4,5 k €	-54.7%	9,9 k €
Debts	362,2 k €	+71.6%	211,1 k €	+2717%	7,5 k €	-21.3%	9,5 k €	+25.3%	7,6 k €	+89.7%	4 k €	+48.7%	2,7 k €	-33.5%	4,1 k €	-13.3%	4,7 k €	-7.4%	5 k €	-6.6%	5,4 k €	+38.1%	3,9 k €	+2.3%	3,8 k €	+75.6%	2,2 k €	-65.7%	6,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Coralie HERTOGS

Director · since 16 mars 2022

Active

Ended mandates

Charles HERTOGS

Manager · since 25 janvier 2000

Ended

CHARLES HERTOGS

Manager

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	04/05/2026	03/08/2025	16/06/2024	26/06/2023	04/02/2022	07/06/2021
General meeting	30/04/2026	30/06/2025	04/06/2024	17/05/2023	03/02/2022	01/06/2021
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
Micro model	31/12/2025	30/04/2026	04/05/2026	French	PDF
Micro model	31/12/2024	30/06/2025	03/08/2025	French	PDF
Micro model	31/12/2023	04/06/2024	16/06/2024	French	PDF
Micro model	31/12/2022	17/05/2023	26/06/2023	French	PDF
Micro model	31/12/2021	03/02/2022	04/02/2022	French	PDF
Micro model	31/12/2020	01/06/2021	07/06/2021	French	PDF
Micro model	31/12/2019	02/06/2020	05/06/2020	French	PDF
Micro model	31/12/2018	04/06/2019	30/07/2019	French	PDF
Micro model	31/12/2017	05/06/2018	30/07/2018	French	PDF
Micro model	31/12/2016	06/06/2017	10/07/2017	French	PDF
Abridged model	31/12/2015	07/06/2016	27/06/2016	French	PDF
Abridged model	31/12/2014	02/06/2015	14/07/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	26/06/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	26/06/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	07/06/2012	French	PDF
Abridged model	31/12/2010	07/06/2011	15/07/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	08/07/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	24/06/2009	French	PDF
Abridged model	31/12/2007	03/06/2008	24/06/2008	French	PDF
Abridged model	31/12/2006	05/06/2007	06/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2025 · 1 active · 2 ended

Active mandates

Coralie HERTOGS

Director · since 16 mars 2022

Active

Ended mandates

Charles HERTOGS

Manager · since 25 janvier 2000

Ended

CHARLES HERTOGS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office24/04/2024
SIEGE SOCIAL
PDF
Mandates18/03/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - SIEGE SOCIAL - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2016
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other19/10/2006
DIVERS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202586,3 k €↓
2024
Annual accounts 2024106,7 k €↑
2023
Annual accounts 202371,6 k €↑
2022
Annual accounts 202231,7 k €↑
2018
Annual accounts 2018-243 €↑
2015
Annual accounts 2015-2,4 k €↓
2014
Annual accounts 2014-1,4 k €↑
2013
Annual accounts 2013-4,5 k €↓
2012
Annual accounts 2012-852,9 €↑
2011
Annual accounts 2011-5,7 k €↓
2010
Annual accounts 2010-2,7 k €↓
2009
Annual accounts 2009-948,7 €↓
2008
Annual accounts 20082,1 k €↑
2007
Annual accounts 2007989,7 €↓
2006
Annual accounts 20063,7 k €
27/01/2000
IncorporationPrivate 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

HERTOGS

Overview

What does HERTOGS do?

Trend over 15 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