Herkenrode Development
0652.781.195 · rovalta.com · 22/09/2026
ACTIVE
Herkenrode Development
Financial year 2025 · closed on 31/12/2025
Net result
786,8 k €
+1399.8% YoY
Revenue
5,6 M €
+3092.8% YoY
Equity
2 M €
-23.2% YoY
Overview
What does Herkenrode Development do?
Herkenrode Development is a Public limited company incorporated in 2016. Its main activity is: Development of building projects. Its registered office is in Hasselt.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0652.781.195
Incorporation
23/04/2016
Legal form
Public limited company
Registered office
Herkenrodesingel 4B
3500 Hasselt · FlandreSee on map
3500 Hasselt · FlandreSee on map
Contributed capital
1 600 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
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Financials
Trend over 9 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||
| Revenue | 5,6 M € | +3093% | 175,3 k € | -99.0% | 17,3 M € | +26.1% | 13,7 M € | +400% | 2,7 M € | -9.1% | 3 M € | -91.6% | 35,9 M € | +2098% | 1,6 M € | – | |
| EBITDA | 966,9 k € | +1635% | -63 k € | -121% | 297,8 k € | -91.1% | 3,3 M € | +1624% | -218,7 k € | -134% | 643,8 k € | -93.5% | 9,9 M € | +393% | 2 M € | +9051% | 21,9 k € |
| Operating result | 966,9 k € | +1635% | -63 k € | -121% | 297,8 k € | -91.1% | 3,3 M € | +1624% | -218,7 k € | -134% | 643,8 k € | -93.5% | 9,9 M € | +430% | 1,9 M € | +8420% | 21,9 k € |
| Net result | 786,8 k € | +1400% | -60,5 k € | -124% | 256,6 k € | -90.0% | 2,6 M € | +1151% | -244,5 k € | -206% | 231,3 k € | -95.0% | 4,6 M € | +303% | 1,1 M € | +1313% | -94 k € |
| Balance sheet | |||||||||||||||||
| Equity | 2 M € | -23.2% | 2,6 M € | -2.2% | 2,7 M € | +10.5% | 2,4 M € | +30.4% | 1,9 M € | -11.5% | 2,1 M € | +12.2% | 1,9 M € | +11.4% | 1,7 M € | +12.6% | 1,5 M € |
| Total assets | 3,7 M € | -21.7% | 4,7 M € | +43.5% | 3,3 M € | -81.3% | 17,6 M € | +0.2% | 17,5 M € | +13.8% | 15,4 M € | -27.6% | 21,3 M € | -45.2% | 38,9 M € | +68.5% | 23,1 M € |
| Cash | 748,1 k € | -14.3% | 873,4 k € | +2389% | 35,1 k € | -79.2% | 168,4 k € | -88.8% | 1,5 M € | +191% | 517,5 k € | -64.8% | 1,5 M € | +461% | 262,1 k € | -71.2% | 911,3 k € |
| Debts | 1,7 M € | -19.7% | 2,1 M € | +256% | 583,3 k € | -96.1% | 15,1 M € | -3.2% | 15,6 M € | +17.6% | 13,3 M € | -31.5% | 19,4 M € | -47.6% | 37 M € | +72.0% | 21,5 M € |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 11 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
BONNEFANT● Active | 0566.922.339 |
CIRIL● Active | 0440.712.768 |
Craeyenhof● Active | 0404.941.643 |
Craeyenhof Properties● Active | 0677.932.802 |
DAM 71● Active | 0643.904.806 |
DEBUILD● Active | 0749.717.552 |
DEMCOR● Active | 0473.012.085 |
Dem GroupVAT● Active | 0715.490.311 |
DEMOCO● Active | 0440.712.867 |
DEMOCO GROUP● Active | 0479.223.847 |
DOK DEVELOPMENT● Active | 0444.355.515 |
D-Watt● Active | 1002.715.031 |
EZELDIJK DEVELOPMENT● Active | 0848.067.634 |
Hart van Hamme● Active | 0713.699.868 |
HERK&RED● Active | 0432.874.079 |
NETESTAD IMMO● Active | 0794.720.109 |
SION NETEZICHT● Active | 0844.696.586 |
TERRA● Active | 0879.600.057 |
THV CASINO FURNIBO DEMOCO● Active | 0768.818.634 |
| 0649.450.038 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 22/06/2026 | 12/06/2025 | 11/07/2024 | 14/07/2023 | 10/06/2022 | 04/06/2021 |
| General meeting | 15/06/2026 | 06/06/2025 | 11/07/2024 | 14/07/2023 | 20/05/2022 | 21/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
9 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 15/06/2026 | 22/06/2026 | Dutch | |
| Full model | 31/12/2024 | 06/06/2025 | 12/06/2025 | Dutch | |
| Full model | 31/12/2023 | 11/07/2024 | 11/07/2024 | Dutch | |
| Full model | 31/12/2022 | 14/07/2023 | 14/07/2023 | Dutch | |
| Full model | 31/12/2021 | 20/05/2022 | 10/06/2022 | Dutch | |
| Full model | 31/12/2020 | 21/05/2021 | 04/06/2021 | Dutch | |
| Full model | 31/12/2019 | 12/06/2020 | 08/07/2020 | Dutch | |
| Full model | 31/12/2018 | 17/05/2019 | 18/06/2019 | Dutch | |
| Full model | 31/12/2017 | 18/05/2018 | 13/06/2018 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Publications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates19/10/2023ONTSLAGEN - BENOEMINGEN
- Mandates02/08/2022ONTSLAGEN - BENOEMINGEN
- Restructuring13/01/2022KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring28/10/2021RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates24/06/2021ONTSLAGEN - BENOEMINGEN
- Restructuring10/11/2020RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring31/08/2020RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates18/05/2020ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025786,8 k €↑
- 2024Annual accounts 2024-60,5 k €↓
- 2023Annual accounts 2023256,6 k €↓
- 2022Annual accounts 20222,6 M €↑
- 2021Annual accounts 2021-244,5 k €↓
- 2020Annual accounts 2020231,3 k €↓
- 2019Annual accounts 20194,6 M €↑
- 2018Annual accounts 20181,1 M €↑
- 2017Annual accounts 2017-94 k €
- 23/04/2016IncorporationPublic limited company