ACTIVE

Hercull

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Financial year 2025 · closed on 31/12/2025
Net result
649,7 k €
-17.9% YoY
Gross margin
1,7 M €
+4.8% YoY
Equity
1,5 M €
+78.2% YoY
Workforce
4,0 ETP
0.0% YoY

What does Hercull do?

Hercull is a Private limited company incorporated in 2013. Its main activity is: Development of building projects. Its registered office is in Kortrijk. It employs on average 4,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0541.983.441
Incorporation
19/11/2013
Legal form
Private limited company
Registered office
Baliestraat(Mar) 3 box 9
8510 Kortrijk · FlandreSee on map
Contributed capital
27 000,00 €
Latest accounts
31/12/2025
Average workforce
4,0 ETP
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate41102Development of building projects68122Buying and selling of own real estate70200Management consultancy activities70220Business and other management consultancy activities
Joint committees (1)
  • 2000
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120182017201620152014
Income statement
Gross margin1,7 M €1,7 M €466,7 k €-6,1 k €-3,8 k €57,4 k €50,2 k €108,1 k €134,3 k €91,9 k €
EBITDA1,2 M €1,2 M €99,7 k €-6,2 k €-4,3 k €56,3 k €49,1 k €106,8 k €133,6 k €-2,7 k €
Operating result1,2 M €1,2 M €98,9 k €-6,2 k €-4,3 k €56,3 k €49,1 k €106,8 k €133,6 k €-2,7 k €
Net result649,7 k €791 k €23,2 k €-6,7 k €-4,5 k €32,7 k €24,8 k €59,5 k €84,4 k €-48,1 k €
Balance sheet
Equity1,5 M €831 k €40 k €16,8 k €23,5 k €33,1 k €147,6 k €122,8 k €63,3 k €-21,1 k €
Total assets22,8 M €9,8 M €7,2 M €3,1 M €23,5 k €703 k €948,6 k €1 M €1,4 M €2 M €
Cash1,8 M €249,4 k €448,6 k €38,7 k €23,1 k €5,8 k €2 k €2,5 k €–12,8 k €
Debts21,3 M €9 M €6,9 M €3,1 M €–669,8 k €801,1 k €895,4 k €1,3 M €2 M €
Other
Workforce4,0 ETP4,0 ETP3,8 ETP–––––––
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 · 14 ended

Active mandates

Allijns Development

Director · since 01 septembre 2022 · 0677.995.059

Represented by Maarten Allijns

Active
Johannes Hooijmaaijer

Director · since 15 novembre 2013

Active

Ended mandates

Allijns Development

Director · since 01 septembre 2022 · 0677.995.059

Represented by Maarten ALLIJNS

Ended
Bernard LAFAUT

Manager · since 25 novembre 2013

Ended
J.A.N. HOOIJMAAIJER

Manager · since 25 novembre 2013

Ended
Kristien BAUWENS

Manager · since 25 novembre 2013

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/04/202617/06/202526/08/202420/06/202323/06/202203/05/2021
General meeting11/04/202612/04/202512/04/202408/04/202309/04/202210/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202511/04/202628/04/2026DutchPDF
Abridged model31/12/202412/04/202517/06/2025DutchPDF
Abridged model31/12/202312/04/202426/08/2024DutchPDF
Abridged model31/12/202208/04/202320/06/2023DutchPDF
Abridged model31/12/202109/04/202223/06/2022DutchPDF
Abridged model31/12/202010/04/202103/05/2021DutchPDF
Abridged model31/12/201911/04/202030/04/2020DutchPDF
Abridged model31/12/201813/04/201913/05/2019DutchPDF
Abridged model31/12/201730/06/201817/07/2018DutchPDF
Abridged model31/12/201615/05/201727/06/2017DutchPDF
Abridged model31/12/201503/06/201624/08/2016DutchPDF
Abridged model31/12/201405/06/201510/07/2015DutchPDF
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 · 14 ended

Active mandates

Allijns Development

Director · since 01 septembre 2022 · 0677.995.059

Represented by Maarten Allijns

Active
Johannes Hooijmaaijer

Director · since 15 novembre 2013

Active

Ended mandates

Allijns Development

Director · since 01 septembre 2022 · 0677.995.059

Represented by Maarten ALLIJNS

Ended
Bernard LAFAUT

Manager · since 25 novembre 2013

Ended
J.A.N. HOOIJMAAIJER

Manager · since 25 novembre 2013

Ended
Kristien BAUWENS

Manager · since 25 novembre 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/09/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office16/02/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other21/11/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025649,7 k €↓
  2. 2024
    Annual accounts 2024791 k €↑
  3. 2023
    Annual accounts 202323,2 k €↑
  4. 2022
    Annual accounts 2022-6,7 k €↓
  5. 2022
    Name changeHERCULL
  6. 2021
    Annual accounts 2021-4,5 k €↓
  7. 2021
    Name changeTERRA INVESTA DEVELOPMENT
  8. 2018
    Annual accounts 201832,7 k €↑
  9. 2017
    Annual accounts 201724,8 k €↓
  10. 2016
    Annual accounts 201659,5 k €↓
  11. 2015
    Annual accounts 201584,4 k €↑
  12. 2014
    Annual accounts 2014-48,1 k €
  13. 19/11/2013
    IncorporationPrivate limited company