ACTIVE

HERVECO

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Financial year 2025 · closed on 30/06/2025

Net result

384,7 k €

+108.8% YoY

Gross margin

1,1 M €

+152.6% YoY

Equity

705,5 k €

-9.5% YoY

Workforce

6,1 ETP

+96.8% YoY

What does HERVECO do?

HERVECO is a Public limited company incorporated in 2001. Its registered office is in Ingelmunster. It employs on average 6,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.728.481

Incorporation

27/09/2001

Legal form

Public limited company

Registered office

Nijverheidstraat 2A
8770 Ingelmunster · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/06/2025

Average workforce

6,1 ETP

Joint committees (2)

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 18 financial years

	2025		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,1 M €	+153%	441,5 k €	+82.6%	241,8 k €	+2.5%	236 k €	-12.8%	270,5 k €	-41.0%	458,5 k €	+16.5%	393,5 k €	-6.7%	421,5 k €	+18.0%	357,2 k €	-10.0%	396,8 k €	-4.6%	416,1 k €	-15.5%	492,6 k €	+4.4%	472 k €	+19.1%	396,3 k €	-25.2%	529,5 k €	+27.2%	416,3 k €	+10.8%	375,8 k €	+1.4%	370,5 k €
EBITDA	672,8 k €	+103%	332,1 k €	+238%	98,2 k €	+1.1%	97,1 k €	-33.1%	145,2 k €	-55.9%	329,3 k €	+28.2%	256,8 k €	-16.5%	307,6 k €	+27.0%	242,1 k €	-16.9%	291,5 k €	-1.2%	295 k €	-21.6%	376,4 k €	+11.1%	338,8 k €	+63.3%	207,5 k €	-40.6%	349,4 k €	+114%	163 k €	+45.4%	112,1 k €	+58.7%	70,7 k €
Operating result	541,9 k €	+131%	234,6 k €	+2434%	9,3 k €	+1230%	-819,5 €	-101%	97,3 k €	-66.0%	286,5 k €	+41.8%	202 k €	-19.8%	251,9 k €	+32.0%	190,9 k €	-19.2%	236,4 k €	-3.7%	245,4 k €	+2.4%	239,6 k €	+25.8%	190,4 k €	+245%	55,2 k €	-72.9%	203,3 k €	+225%	62,6 k €	+1975%	3 k €	+215%	-2,6 k €
Net result	384,7 k €	+109%	184,2 k €	+2944%	6,1 k €	+203%	-5,9 k €	-109%	65,1 k €	-65.6%	189 k €	+55.1%	121,9 k €	-21.3%	154,9 k €	+26.7%	122,3 k €	-16.8%	146,9 k €	-11.9%	166,8 k €	+7.4%	155,3 k €	+23.1%	126,1 k €	+448%	23 k €	-80.8%	119,7 k €	+339%	27,3 k €	+320%	6,5 k €	+526%	-1,5 k €
Balance sheet
Equity	705,5 k €	-9.5%	779,4 k €	+24.7%	625,2 k €	-20.2%	783,4 k €	+19.6%	654,9 k €	+0.8%	649,9 k €	+20.2%	540,8 k €	+8.4%	499 k €	+7.5%	464 k €	+10.0%	421,7 k €	+84.3%	228,8 k €	-27.7%	316,6 k €	+31.2%	241,3 k €	-15.4%	285,2 k €	-2.4%	292,2 k €	+44.3%	202,5 k €	+15.6%	175,2 k €	+3.8%	168,7 k €
Total assets	1,4 M €	-5.4%	1,5 M €	+14.1%	1,3 M €	-7.8%	1,4 M €	+28.6%	1,1 M €	+6.1%	1 M €	-7.9%	1,1 M €	+1.2%	1,1 M €	+5.9%	1 M €	-7.9%	1,1 M €	+10.6%	1 M €	-11.6%	1,1 M €	-1.3%	1,2 M €	-3.3%	1,2 M €	-10.9%	1,3 M €	-16.8%	1,6 M €	+1.0%	1,6 M €	+26.6%	1,3 M €
Cash	232 k €	+136%	98,4 k €	-13.6%	113,9 k €	-14.0%	132,3 k €	-14.8%	155,2 k €	-63.0%	419,3 k €	+47.5%	284,2 k €	-11.3%	320,4 k €	+37.7%	232,8 k €	-15.9%	276,8 k €	-15.6%	328 k €	-29.8%	467,1 k €	+122%	210,1 k €	+6.3%	197,7 k €	-7.2%	212,9 k €	-26.4%	289,3 k €	+110%	138 k €	-74.7%	546,4 k €
Debts	664,8 k €	-2.1%	678,9 k €	+4.2%	651,8 k €	+14.8%	567,8 k €	+36.0%	417,4 k €	+15.0%	363,1 k €	-34.6%	555,5 k €	-4.9%	584,2 k €	+3.3%	565,8 k €	-18.8%	697 k €	-11.0%	782,8 k €	-5.5%	828,1 k €	-9.5%	915 k €	+0.4%	911 k €	-13.5%	1,1 M €	-25.5%	1,4 M €	-0.8%	1,4 M €	+30.2%	1,1 M €
Other
Workforce	6,1 ETP	+96.8%	3,1 ETP	-24.4%	4,1 ETP	-26.8%	5,6 ETP	+27.3%	4,4 ETP	-12.0%	5,0 ETP	-19.4%	6,2 ETP	+1.6%	6,1 ETP	+38.6%	4,4 ETP	0.0%	4,4 ETP	-29.0%	6,2 ETP	+37.8%	4,5 ETP	-25.0%	6,0 ETP	-10.4%	6,7 ETP	-6.9%	7,2 ETP	-32.7%	10,7 ETP	-11.6%	12,1 ETP	-13.6%	14,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 12 ended

Active mandates

Samira Laamouri

Manager · since 01 octobre 2022

Active

Veda

Manager · since 02 juin 2015 · 0421.954.552

Represented by Paul VANHONSEBROUCK

Active

Ended mandates

Samira Laamouri

Director · since 01 octobre 2022 · until 01 juin 2029

Ended

Samira Laamouri

Director · since 01 octobre 2022

Ended

Claudine Peiffer

Director · since 01 juin 2021 · until 01 juin 2027

Ended

Veda

Director · since 01 juin 2021 · until 01 juin 2027 · 0421.954.552

Represented by Vanhonsebrouck PAUL

Ended

At this address

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Annual accounts

Full financial information

	2025	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/06/2025	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	18 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	20/08/2024	29/07/2023	29/06/2022	29/08/2021	25/08/2020
General meeting	18/12/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021	02/06/2020
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	30/06/2025	18/12/2025	30/01/2026	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	20/08/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	29/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	29/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	25/08/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	03/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	18/08/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	24/08/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	18/08/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	23/08/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	15/07/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	17/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	12/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 30/06/2025 · 2 active · 12 ended

Active mandates

Samira Laamouri

Manager · since 01 octobre 2022

Active

Veda

Manager · since 02 juin 2015 · 0421.954.552

Represented by Paul VANHONSEBROUCK

Active

Ended mandates

Samira Laamouri

Director · since 01 octobre 2022 · until 01 juin 2029

Ended

Samira Laamouri

Director · since 01 octobre 2022

Ended

Claudine Peiffer

Director · since 01 juin 2021 · until 01 juin 2027

Ended

Veda

Director · since 01 juin 2021 · until 01 juin 2027 · 0421.954.552

Represented by Vanhonsebrouck PAUL

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates12/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/04/2014
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 2025384,7 k €↑
2023
Annual accounts 2023184,2 k €↑
2022
Annual accounts 20226,1 k €↑
2021
Annual accounts 2021-5,9 k €↓
2019
Annual accounts 201965,1 k €↓
2018
Annual accounts 2018189 k €↑
2017
Annual accounts 2017121,9 k €↓
2016
Annual accounts 2016154,9 k €↑
2015
Annual accounts 2015122,3 k €↓
2014
Annual accounts 2014146,9 k €↓
2013
Annual accounts 2013166,8 k €↑
2012
Annual accounts 2012155,3 k €↑
2011
Annual accounts 2011126,1 k €↑
2010
Annual accounts 201023 k €↓
2009
Annual accounts 2009119,7 k €↑
2008
Annual accounts 200827,3 k €↑
2007
Annual accounts 20076,5 k €↑
2006
Annual accounts 2006-1,5 k €
27/09/2001
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

HERVECO

Overview

What does HERVECO 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